Why housing costs are so ridiculously high

[sidecar bob]

I'll only believe it when the official list is leaked from those thieving ticket clipping Real Estate agents.
.

Yep, the biggest waste of space job invented out of thin air.
Since when do you go into a dairy & ask someone in the shop to tell the dairy owner that you would like a loaf of bread & a bottle of milk & pay that person for the service of speaking to the shopkeeper on your behalf, what a load of fuckin shit.
Someone argued with me the other day that by going to auction she could get 100k over cv for her place. I guaranteed her that she could also achieve that result with a sign outside her house & a ad on trademe.

[sidecar bob]

Big full page feature in this mornings Waikato Times stating that something like 40% of all house sales in North Waikato (includes Cambridge, Te Awamutu, Hamilton, Ngaruawahia, and Huntly) are being sold to Auckland buyers whether they be first home buyers or investors. Yep it's already happening and has for some time now.

We have the same thing going on in Tauranga. It's kind of nice when you have properties & the price is being driven up, but it's not helping my kids for the future.

[Voltaire]

We have the same thing going on in Tauranga. It's kind of nice when you have properties & the price is being driven up, but it's not helping my kids for the future.

Ain't that the truth.

[Laava]

We have the same thing going on in Tauranga. It's kind of nice when you have properties & the price is being driven up, but it's not helping my kids for the future.

Makes it hard to know when to sell as well! Do we sell now or wait for another year? Do we sell our hard earned investment now and watch some suited investor resell in a years time, without doing anything, pocketing another $200K?

[Voltaire]

Makes it hard to know when to sell as well! Do we sell now or wait for another year? Do we sell our hard earned investment now and watch some suited investor resell in a years time, without doing anything, pocketing another $200K?

Remember the Stockmarket here in the mid 80's and pyramid scams? That's where the Chinese economy is at the moment reading the overseas papers.

[Woodman]

Makes it hard to know when to sell as well! Do we sell now or wait for another year? Do we sell our hard earned investment now and watch some suited investor resell in a years time, without doing anything, pocketing another $200K?

Yeah, but sell and do what. Purchase in the same market, and as long as it is still increasing then all good. Sell and rent or move away for a while and hope that the market goes down and then come back and purchase a better place? Best to stay in the same market, unless of course the ass drops and puts you in a negative equity position, and don't forget the agents ridiculous fees.

[sidecar bob]

Yeah, but sell and do what. Purchase in the same market, and as long as it is still increasing then all good. Sell and rent or move away for a while and hope that the market goes down and then come back and purchase a better place? Best to stay in the same market, unless of course the ass drops and puts you in a negative equity position, and don't forget the agents ridiculous fees.

It all comes back to the same thing. "The only people that worry about money are those with too much & those with not enough"
The market ain't going down, in the long term, not ever.
In 1987 I had a mate & her parents house was worth $275,000, at the same time, my parents house was worth about $75,000. Those houses, the exact ones are now worth $2million & $380,000 respectively.
Imagine if the owners had just put their money in the bank instead at the time.
And fuck the agents & their ridiculous fees, I have done countless property deals without an agent & refuse to buy or sell if they are involved.

[Swoop]

That is outright placeist reporting.

In Auckland it would be Lacist...

... by going to auction...

Bad move. Sale by tender is preferred - THEN revert to sale by auction.