F-U Auckland house prices

[Voltaire]

I applaud you and your family for supporting each other into home ownership, congratulations. It is really quite hard to become a successful first home buyer in Auckland, I think it's admirable to take on such heavy debt to secure a future for yourself, your partner, and your child. Makes it even easier (possible) to consider a second child

Securing a stable home to raise a family is important, and very desirable. Your motives are not at question here at all.

I may not have conveyed myself clearly in my previous posts, and i'm honestly just frustrated with, in my opinion, a real lack of empathy towards genuine first home buyers who have little chance of success due to 'rules', and personal circumstances out of their control.

Your posts here, and in other threads, have pissed me off because you seem to think that everyone has the same circumstances that you do, which I do not think is the case.

Here is my point, which you have finally conceded:



This is just one problem, within the Auckland housing market at the moment. You, as a first home buyer (with parents who are able to secure you a home loan with a bank) are the exception, not the rule.

I wonder if he or is guarantor have taken out Income Protection Insurance, as from previous post he rides a Motorcycle from Army Bay to Penrose or there abouts and tells of lane splitting.

I drive the Southern Motorway South each day and I have seen some pretty stupid motorcycle riding, for the sake of getting to work a few minutes earlier, makes me cringe.

[TheDemonLord]

Your posts here, and in other threads, have pissed me off because you seem to think that everyone has the same circumstances that you do, which I do not think is the case.

Of course everyone has different circumstances, the point that I am making is I see too many people who believe it is someone else responsibility to solve their problems. I see a LOT of people who want the same things that everyone else has (short commute to work, nice area, big house, quarter acre section, good schools, easy public transport etc.) but can't afford it, so instead of compromising and making sacrifices, they complain and insist that someone else should do something so that they can get what they want.

My feelings on this are not just limited to the Auckland housing issue, it is an attitude that appears at least to me to be quite pervasive, particularly amongst people from my generation: 'Ive got a degree, someone should hire me!', 'I want a house, the Goverment should make it easy for me', 'I have a Student Loan, I shouldn't have to pay it back'

and that attitude pisses me off, and I think that if I can do it then why can't others do it?

This is just one problem, within the Auckland housing market at the moment. You, as a first home buyer (with parents who are able to secure you a home loan with a bank) are the exception, not the rule.

Because I made myself the exception.

[TheDemonLord]

I wonder if he or is guarantor have taken out Income Protection Insurance, as from previous post he rides a Motorcycle from Army Bay to Penrose or there abouts and tells of lane splitting.

I drive the Southern Motorway South each day and I have seen some pretty stupid motorcycle riding, for the sake of getting to work a few minutes earlier, makes me cringe.

Of course, it was one of the Risk mitigation strategies put in place - to make sure that my Parents weren't exposed to any risk.

[TheDemonLord]

Its just that there are a lot of people out there who have been burnt by becoming guarantors, not just with houses, cars are a good example

I hear yah - Cars are a bad example though, because they depreciate as opposed appreciate in the way that Houses/Land do

[Madness]

Of course everyone has different circumstances, the point that I am making is I see too many people who believe it is someone else responsibility to solve their problems. I see a LOT of people who want the same things that everyone else has (short commute to work, nice area, big house, quarter acre section, good schools, easy public transport etc.) but can't afford it, so instead of compromising and making sacrifices, they complain and insist that someone else should do something so that they can get what they want.

You're an even bigger wanker than I'd previously thought.

[Motu]

I don't know where this thread has gone, I haven't looked at it since the first page. Anyway, I was looking through some old photos a couple of days ago (looking for early Cold Kiwi photos) and got distracted by some of my Mother's old stuff. There is a very small bad photo circa 1950 of my father and his stepbrother cleaning 2nd hand bricks to build a house behind their parents place...they must've owned from road frontage to the road behind. I used to travel the Tamaki River in the '90's and apart from a place one of my Aunties used to live in, it was the only other original house visable from my childhood. It must've stayed in the family, and in 2003 one of the cousins sold it for $1.3 mil....we were all a bit stuned. I think now we would be talking several million....for a house put up cheaply on land that wasn't worth building on. A lot of Auckland is like that, settlements that just got swallowed up.

[jasonu]

You're an even bigger wanker than I'd previously thought.

Why do you say that?

[Madness]

Why do you say that?

You're right. I should have seen it earlier...

yes, I own a house in Auckland and am less than 30

because it is doable, as proof - I did it.

Again - I did it

I had to be creative with the Deposit (I had none - but there are ways round that if you use your brain...)

we got a Guarantor on the deposit - so no money changed hands

my Parents

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

I mean you hardly had to knuckle down and save a deposit, is it? Correct me if I'm wrong, please.

You're Wrong.

I still have to pay a 100% mortgage

The reality is that I had to put in additional hard work to find a solution to getting a house.

Cue some googling

What I see - is first time home buyers... who don't want to make sacrifices in order to be a home owner.

instead of working around some of the problems, they through their hands up in the air and jump on Social Media to bitch about how impossible it is to do.

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

...so instead of compromising and making sacrifices, they complain and insist that someone else should do something so that they can get what they want.

...I see too many people who believe it is someone else responsibility to solve their problems.

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

...and that attitude pisses me off, and I think that if I can do it then why can't others do it?

Because I made myself the exception.

I do hope you bought the old man something fitting for the day Lardy because he deserves it.

[5ive]

You're right. I should have seen it earlier...

You're just jealous because you aren't willing to put the effort into solving your own problems like he has.

...and your family is probably poor, hahahahahahahahahahahahahahahahahahahahaha.

[Voltaire]

You're just jealous because you aren't willing to put the effort into solving your own problems like he has.

...and your family is probably poor, hahahahahahahahahahahahahahahahahahahahaha.

The 2 beddy flat next door in a block of 4 sold for 600K recently, so 20% deposit is 120K, I'd be impressed by anyone who could save up that sort of money for a deposit.

[5ive]

The 2 beddy flat next door in a block of 4 sold for 600K recently, so 20% deposit is 120K, I'd be impressed by anyone who could save up that sort of money for a deposit.

Me and my wife did, and then promptly bought a house outside of Auckland. We want our son to have a rural upbringing like we had.

I'm not going to toot my own horn, deny there is an issue with Auckland house prices, and claim everyone else can also do it though.

I don't think our personal situation is the norm...

[Indiana_Jones]

Of course everyone has different circumstances, the point that I am making is I see too many people who believe it is someone else responsibility to solve their problems.

..............they complain and insist that someone else should do something so that they can get what they want.

Because I made myself the exception.

[AllanB]

Sold my EQ damaged house 'as is where is' a few months back. Becoming common in Christchurch, in theory I am against the process of damaged stock in the city for unweary future generations but got over it when the stars aligned with the sale/insurance money getting the family out of Christchurch into a nice new home. Bliss.

Anyway - we used an agent. Main reason was we are both busy at our jobs, had enough stress with the house and earthquakes anyway and were happy for the sale to be placed in a agents hands. They take a fair whack off you though.

Which makes me wonder about Auckland. Will million dollar sales being so normal up there has there been a backlash on agent fees? ie for them to be lowered to a set rate for the sale not on some percentage scale.

[Shaun Harris]

Sold my EQ damaged house 'as is where is' a few months back. Becoming common in Christchurch, in theory I am against the process of damaged stock in the city for unweary future generations but got over it when the stars aligned with the sale/insurance money getting the family out of Christchurch into a nice new home. Bliss.

Anyway - we used an agent. Main reason was we are both busy at our jobs, had enough stress with the house and earthquakes anyway and were happy for the sale to be placed in a agents hands. They take a fair whack off you though.

Which makes me wonder about Auckland. Will million dollar sales being so normal up there has there been a backlash on agent fees? ie for them to be lowered to a set rate for the sale not on some percentage scale.

Agent feea are Negotiable- or you call another one, simple as that. A lot of people think it is the agent that is in control, LOL. It,s your money and property, they are just having a lend of it to get another BMW or some thing

[Voltaire]

Agent feea are Negotiable- or you call another one, simple as that. A lot of people think it is the agent that is in control, LOL. It,s your money and property, they are just having a lend of it to get another BMW or some thing

I only wish we could have an economy based on barter like you country folk, but its easier to use money than try and store large quantities of say...Milo.

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