F-U Auckland house prices

[TheDemonLord]

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.

You're Wrong.

[Voltaire]

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.

Real Estate agents....up there with Lawyers.

[Madness]

You're Wrong.

Oooh, with a capital W too!

How's your wheel, still turney-turney?

[Shaun Harris]

Another good thread on here turned to shit then

[BuzzardNZ]

Another good thread on here turned to shit then

Only good thread I saw turn to shit was the 'I cheated' one

[sidecar bob]

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.

In fact the people that should be blamed are the idiots that engage in doing business with real estate agents. Any fuckin halfwit can buy a phone fron the warehouse & get a Packet of business cards with their name on it & fleece stupid people by selling their stuff that they didn't have to show any financial commitment to in the first place.
Unfortunately, kiwis in general can't seem to identify The real estate system for the useless pack of expensive fraudsters they really are & seem to be queuing up in greater numbers to throw them huge quantities of money for doing essentially fuck all that the average bloke can't do for himself.
I have bought & sold I think eight properties without ever engaging one, & probably saved enough in the process to freehold at least one of them.
Some fuckin 'tard wanted to sell a early 300's property I had a few years ago & wanted 16k for the privelidge of speaking to prospective buyers, (a task I'm fairly well equipped to do myself) I pointed to my fairly young at the time RSVR & said, you want the equivalent of that for having a yarn with a few people? You Must thing I'm fuckin stupid.

[Shaun Harris]

In fact the people that should be blamed are the idiots that engage in doing business with real estate agents. Any fuckin halfwit can buy a phone fron the warehouse & get a Packet of business cards with their name on it & fleece stupid people by selling their stuff that they didn't have to show any financial commitment to in the first place.
Unfortunately, kiwis in general can't seem to identify The real estate system for the useless pack of expensive fraudsters they really are & seem to be queuing up in greater numbers to throw them huge quantities of money for doing essentially fuck all that the average bloke can't do for himself.
I have bought & sold I think eight properties without ever engaging one, & probably saved enough in the process to freehold at least one of them.

Stop being so dam logical all the time man

[neels]

in fact the people who should be blamed are real estate agents.
Fucking leeches.

Yes they are.

Last house I sold was 500k+, even with a 1% agent after 1 open home and 4 offers the same day pretty easy money for them. Never mind the 20% increase in value between when I bought and sold and ignoring the sweat equity which was quite significant, still stupid increases in value and the reason I bought a house rather than rotting in the red zone.

Not sure if saving 10% of income from the day of starting work like I did would be enough to buy a house in Auckland these days, I suspect it's running away faster than that. Never mind, they could always move to Christchurch and I can rent them a house to live in.

[5ive]

You're Wrong.

C'mon dude, you were gifted a rung on the ladder...

I'd step back and stop blowing that trumpet, you've had it a lot easier, and done a lot less than others have done/are doing.

[5ive]

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

I used to rent a shitty old, moldy, cold, two apartment in Mount Eden with my wife for $300 a week. It's now renting for $500.

Rental property rents are rising, it just doesn't seem as fast because people are over-crowding them...

[neels]

I used to rent a shitty old, moldy, cold, two apartment in Mount Eden with my wife for $300 a week

Why did you have to rent two apartments, are you saying that even you're own wife wouldn't live with you?

[5ive]

Why did you have to rent two apartments, are you saying that even you're own wife wouldn't live with you?

Haha, it was the snoring that got to her!

*bedroom

[neels]

Haha, it was the snoring that got to her!

*bedroom

I have a sleeping bag and a couch downstairs for that. Having said that it's pretty 50-50 in terms of eviction from the bed for snoring.

[5ive]

I have a sleeping bag and a couch downstairs for that. Having said that it's pretty 50-50 in terms of eviction from the bed for snoring.

I only tend to snore when heavily drunk, which is far and few between these days. My wife, only when she's totally knackered.

Neither of us are ear splitting, but she's easier to turn over onto her side

Her mother's parents though, are both in their 80's, and have slept in different bedrooms because of snoring, for longer than me or my wife have been alive

Both really cool people who still adore each other to bits though. It's a lifetime habit that just really works for them.

Their house, once they're done with it, will hopefully help fund their great-grand children when they need help housing themselves.

[sidecar bob]

Yes they are.

Last house I sold was 500k+, even with a 1% agent after 1 open home and 4 offers the same day pretty easy money for them. Never mind the 20% .

What prevented you from advertising it yourself & letting people through for a look?
It doesn't sound like it was a particularly difficult task that required skill or special equipment, like baking a cake, or fixing a bicycle.
I would only use an estate agent if I was a paralysed deaf mute with no wife, kids or friends.