F-U Auckland house prices

[Crapple]

Sorry dude but yes, it will.

I'll leave you to enjoy the Auckland traffic and all the slow cunts in your way.

[Madness]

I'll leave you to enjoy the Auckland traffic and all the slow cunts in your way.

Did you reply to the right post?

It's actually not a problem for me. I live in the northern Waikato and work all over the Norf Island (including Wanganui - it's a depressing hole). I usually fuck about at home until around 10 before leaving the house if I have to head into D'Auckland and usually manage to get the hell out of town before the traffic builds up again in the arvo.

[Voltaire]

I was in a meeting today with a valuer, and he was saying that the AVERAGE Auckland mortgage (presumably the mean) is $600k.

bugger that.

600K at around 5%.... $30 000 a year, $600 a week interest.

That don't leave much at the end of the week.

I've seen pretty average 3 bedroom weatherboard houses in my area going for over 1 million, one down the road sold for 900K and they have been in having the roof replaced.

Peak Auckland was in the early to mid 80's, cheap houses, easy commutes and $10 an hour was good money for a Sparkie.

" we need more people to make a world class city" they said.

Well they were wrong. It was fine not being world class.

Sure glad I'm not staring out but sorry for my kids....doomed to live in the provinces or learn mandarin.

[Crapple]

It's actually not a problem for me. I live in the northern Waikato and work all over the Norf Island (including Wanganui - it's a depressing hole). I usually fuck about at home until around 10 before leaving the house if I have to head into D'Auckland and usually manage to get the hell out of town before the traffic builds up again in the arvo.

Well I hope Waikato is ready for an extra cunt

[Shaun Harris]

You'd be no good in sales. Just saying.

haha Fair play

[Shaun Harris]

only when you visit.

Still a shit hole with or with out me in it dude

[Fastmark]

I do not quite understand that completely. You Moved here in 09 and purchased your own house, Bloody good on ya. But the real estate issues did not really start untill about 3 years ago that the media and others starting paying attn too. So now the housr prices have got as BULLSHIT false economy over inflated, a Young TRUE FULL blooded KIWI cannot buy a House in there OWN town?? Again, due to the goverments false economy bullshit, by allowing all the asians in there to buy every thing up. to get the rest of there family out of there own country, That is a real negative of what is going on, I applaud people making money if done fair and write, but this is just a false economy that has FUCKED young kiwi;s future in that shit hole city. Haha, I will prob be working up there in a few months from now though, but only fly in fly out work, and maybe spending 3 nights a week up there.

Sorry should have made it clearer, didn't buy our house until February last year as we couldn't sell our UK home until then (UK house market took a big hit from the GFC). So yes we paid way over the odds for it and count ourselves lucky to have got in at all.
I agree with what you are saying about the chances of a Kiwi guy/girl getting on the housing ladder, my own kids haven't a hope in hell of doing so unless they win Lotto.
It really is no different to the UK in many ways, most people who provide services (nurses/bus drivers/taxis drivers etc.)in the likes of London have to commute from a long way out every day. I am sure that is true of most major cities, right or wrong but people speculating on the Auckland housing market are not making that any easier. For fucks sake there are people buying property, hanging onto it with no-one moving in then selling it off a month or two later, to someone else who does the same thing.
You buy a house then you should at least live in NZ

[Shaun Harris]

Sorry should have made it clearer, didn't buy our house until February last year as we couldn't sell our UK home until then (UK house market took a big hit from the GFC). So yes we paid way over the odds for it and count ourselves lucky to have got in at all.
I agree with what you are saying about the chances of a Kiwi guy/girl getting on the housing ladder, my own kids haven't a hope in hell of doing so unless they win Lotto.
It really is no different to the UK in many ways, most people who provide services (nurses/bus drivers/taxis drivers etc.)in the likes of London have to commute from a long way out every day. I am sure that is true of most major cities, right or wrong but people speculating on the Auckland housing market are not making that any easier. For fucks sake there are people buying property, hanging onto it with no-one moving in then selling it off a month or two later, to someone else who does the same thing.
You buy a house then you should at least live in NZ

Yea man. And a part of what is causing the price rise, is the bullshit Immoral deals the agents are doing, to line there own pockets even more. NZ Culture is all Just ME ME ME ME now, once we were a proud nation, now we are just a PC Bullshit nation with some nice trees to look at.

[BuzzardNZ]

Yea man. And a part of what is causing the price rise, is the bullshit Immoral deals the agents are doing, to line there own pockets even more. NZ Culture is all Just ME ME ME ME now, once we were a proud nation, now we are just a PC Bullshit nation with some nice trees to look at.

Are you on a P + milo combo 2nite Shaun?

[TheDemonLord]

Try doing it with out having someone to sign on the line for you.

It would have been doable, it would have just meant I would have had to make more sacrifices, most likely buy a 2 bedroom house and work my way up the property ladder (like most people have to do in the rest of the world) and look at interest only Mortgage options.

Again - What people want vs what they are willing to do to get it.

I see a lot of people want to do things, but not willing to do what they need to, to get it.

Oh, and Madness - I was paying Auckland market rent for a house (not a room in a flat) before I bought a house.

[Shaun Harris]

Are you on a P + milo combo 2nite Shaun?

Haha Nah man, just a lot of time to kill currently, whilst trying to save some money to get on track again asap

[Madness]

Oh, and Madness - I was paying Auckland market rent for a house (not a room in a flat) before I bought a house.

I said current market rents. Quite different to 3 years ago, much like the median house prices.

[TheDemonLord]

I said current market rents. Quite different to 3 years ago, much like the median house prices.

Birkenhead for a 4 bedroom house is only 20-30 more per week (according to realestate.co.nz) from when I was renting there....

[HenryDorsetCase]

At first read I thought that didn't sound too bad.Then I read it proper and realised mortgage, not house, at which point I agree, bugger that.

Unfortunately the speculation aspect of this is not going to go away while the cost of borrowing money is considerably less than the increase in capital value, and those making money out of it will perpetuate this for as long as they can. They probably already have somewhere to live and have no intention of actually paying for the house, so it's just a percentage and profit game

Yup agreedthe only way it works is with capital appreciation and historic low interest rates. Its sorta kinda affordable with rates at 5.5 and under. do the sums at 8, 10 and 12% (let alone the historic highs that I remember from the 80's: try first mortgages at 21 and 22% and see how that goes....).

in fact the people who should be blamed are real estate agents. No wonder you see their gurning mugs on the back of buses... do the sums on a $500k purchase. then if you want to flick it on you need to flick it at $545 or so to break even. Fucking leeches.

[Madness]

Birkenhead for a 4 bedroom house is only 20-30 more per week (according to realestate.co.nz) from when I was renting there....

It's all quite inconsequential really when you consider the personal financial arrangements you've described. I mean you hardly had to knuckle down and save a deposit, is it? Correct me if I'm wrong, please.