Stupid World

[mashman]

You do realise who will pay for that .....

sent for a divine source

Aye... it'll all be in the price.

[Akzle]

I mean almost every night on TV there were programs about doing up ur house ..house this house that ...oh look at my garden ain't I wonderful

i love them.

people get all keen, they're like "fuck yeah, weekend project... we'll just rip out the kitchen and laundry and move them to the other side of the house and chuck in a retaining wall and add a portico and turn the garage into sauna and plant a forest... and while we're at it' add another storey, if we start after work on friday after work we'll be right"


and then they phone me. and cry about how they need to eat and can't i fix their shit cheaper and little timmy needs his aids medication and grandma's in a home now, and i'm all like "bitch please"

[Voltaire]

Single income family , no problems buying a new three bedroom town house
In fact I could work part time and still afford it
NZ is being screwed.. I mean almost every night on TV there were programs about doing up ur house ..house this house that ...oh look at my garden ain't I wonderful
As well as being a nice place to live ( not for much longer if ya don't do something)
So overseas hot money is going to go where???
The only trouble with living here is the food tends to glow at night and I'm just inside the blast radius .. another 25 km west might see us ok..me thinks

sent for a divine source

Its only Auckland, immigrants don't seem to want to leave it.
Glow in the dark would make the Pokemons easier to find.

[Brian d marge]

Fk ..don't talk to me about Pokemon go
The great unwashed here are very nice people ,,, the same all over this world ...
But by cricket are they dumb..
Perfect example of Tv and education systems brainwashing the masses
Objectifying the surroundings so much they are oblivious to all most everything

Then u add Pokemon go

Still it gets them out of their room and at least outside


sent for a divine source

[Ocean1]

Thats combined income too.

I think its based on the 'average' wage of 50K, with a lot of jobs on the minimum wage or under $20 PH , $30 000- $40 000 per person, that

gives about 80K joint income for a lot of people ( no facts to back this up)

So yes you could buy a flat here for $700K

When I got my first house it was on one income and had to grovel at the bank, wife worked nights at Foodtown. Try doing that now.

Duno what it was based on, I'll see if I can find the articule.

And aye, having at least 25% in hand and a bit of a history of saving with the bank in question only really stopped being expected maybe 20 years ago?

Is it a good thing we're heading back there? Dunno, probably mean a bunch fewer people ticking up new a commodore on the mortgage every second year until they're in the shit good and proper.

But we always blame the banks for that anyway.

[Ocean1]

Waaaaaah waaaaaaaah waaaaaaah

In a thread of wall to wall whinging it was probably one of the more on topic posts.

Let's face it, taking tax from money normally completely wasted on resource consent, and in this case wasted twice because resource consent wasn't achieved is fucking monumentally stupid.

[sidecar bob]

Duno what it was based on, I'll see if I can find the articule.

And aye, having at least 25% in hand and a bit of a history of saving with the bank in question only really stopped being expected maybe 20 years ago?

Is it a good thing we're heading back there? Dunno, probably mean a bunch fewer people ticking up new a commodore on the mortgage every second year until they're in the shit good and proper.

But we always blame the banks for that anyway.

For my first house, I had 25 percent, & we had two incomes, but they wouldn't include my wife's income, because she might get pregnant & not be able to work & there was no paid maternity leave then. So they turned me down due to not earning enough.
That was in the days of the award wage, that's prior to minimum wage, when each trade had its own personalised minimum wage. i was earning in excess of that & we got there in the end.

[Ocean1]

You do realise who will pay for that .....

sent for a divine source

The end user will. Whether they want to or not.

Until a supplier offers the option for the end user to NOT pay for it. Namely, a supplier who doesn't waste money investing in new development, new technology, new jobs.

And everything will be sweet.

[Ocean1]

For my first house, I had 25 percent, & we had two incomes, but they wouldn't include my wife's income, because she might get pregnant & not be able to work & there was no paid maternity leave then. So they turned me down due to not earning enough.
That was in the days of the award wage, that's prior to minimum wage, when each trade had its own personalised minimum wage. i was earning in excess of that & we got there in the end.

Yeah, same here, although I think they eventually admitted they'd count 25% of her income.

And we did OK with that first one. I guess another difference is that then we actually had the option of buying a shitter and spending every weekend for the next 3 or 4 years making it into something we either could live with or cash in for the deposit on something better.

I get the impression that most don't see that as an option now. Dunno if that's 'cause there's no shitters, they cost too much anyway or just that it's all too difficult. I must admit I couldn't build another house now. The compliance issues would see me killing someone before I had the frames up.

[Grumph]

Had 40%, two incomes, could only swing it with first and second mortgage...Bank OK'd the first mortgage, 2nd bank which we'd carefully established a history with turned us down for the 2nd mortgage....
Wife's elderly aunt had pretty well been a founder depositor with a building society...but had never borrowed. She stepped in and stood guarantor with the building society for the 2nd mortgage - which was at 20%....First mortgage was from memory 12%

Not good times....but we bought at the bottom of the then regular property price swings. By watching for the peaks and troughs we worked our way up - or at least I'd like to think so, LOL. Mortgage free in something which on current indications is worth close to a million.

[Ocean1]

Had 40%, two incomes, could only swing it with first and second mortgage...Bank OK'd the first mortgage, 2nd bank which we'd carefully established a history with turned us down for the 2nd mortgage....
Wife's elderly aunt had pretty well been a founder depositor with a building society...but had never borrowed. She stepped in and stood guarantor with the building society for the 2nd mortgage - which was at 20%....First mortgage was from memory 12%

Not good times....but we bought at the bottom of the then regular property price swings. By watching for the peaks and troughs we worked our way up - or at least I'd like to think so, LOL. Mortgage free in something which on current indications is worth close to a million.

Can't say I was all that clever taking advantage of those swings. But then, if you improve the place at all and buy in the same market you're selling in, (or at least the same time) you can't go too far wrong.

[Voltaire]

For my first house, I had 25 percent, & we had two incomes, but they wouldn't include my wife's income, because she might get pregnant & not be able to work & there was no paid maternity leave then. So they turned me down due to not earning enough.
That was in the days of the award wage, that's prior to minimum wage, when each trade had its own personalised minimum wage. i was earning in excess of that & we got there in the end.

Award Wages.... thats when everyone got paid the same whether you were good or bad...ah Socialism.
Only way you could get more than that as a Sparkie was get Advanced Trade or become a Leading Hand.
I was with the ASB from School with the pocket money in the envelope every week. Then got a Home Loan account as they would not lend you money without one.
Had enough of Wage Freeze and hearing how good it was in Aussie so went there for a couple of years. Came back from UK after 7 years away and they had sold " Your Bank" to the Aussies and laughed at my Home Loan Passbook.
Recently got a loan for another property and they did it all over the phone.

[mashman]

In a thread of wall to wall whinging it was probably one of the more on topic posts.

Let's face it, taking tax from money...

Sorry, I tuned out in a fit of laughter when I tried to read past that last sentence. My bad. I'm sure I'll get round to reading the rest of it someday.

[husaberg]

For my first house, I had 25 percent, & we had two incomes, but they wouldn't include my wife's income, because she might get pregnant & not be able to work & there was no paid maternity leave then. So they turned me down due to not earning enough.
That was in the days of the award wage, that's prior to minimum wage, when each trade had its own personalised minimum wage. i was earning in excess of that & we got there in the end.

My first farm I brought was rather funny the first bank we went to said we had to have 39% deposit
Then they said they would happily lend us 10X the amount with a 10% deposit if we brought a house in town.

We ended up running it through as a very expensive house on some very cheap land with another bank.
We brought it direct from the bank in a mortgagee sale and the bank kept refusing my offers.
So when they returned the counter offer, I just accepted what they offered but changed it to GST inclusive.

My lawyer thought it was epically funny when they quickly accepted it..
As it was less money than they had previously turned down.
The lawyer even got me my stamp duty back.

[Ocean1]

Sorry, I tuned out in a fit of laughter when I tried to read past that last sentence. My bad. I'm sure I'll get round to reading the rest of it someday.

Don't bother, it was about how production comes about, not something you've ever demonstrated any aptitude for.