NZ houses among least affordable

[crack]

The myth of the value of such????

I always thought that housing was the result of a boyant economy.

"NOT" a boyant economy based on housing??????

Am I missing something?

In the USA, or Switzerland, or England, or Canada, and maybe Aussie, you can borrow 200K $ Euros, CHF, and it will cost you around 670 $ Euros,CHF a month at 3.5 % fixed for 30 years?

Now am I missing something here.

The NZ govt continues to pay 6%+ on money, it attracts foriegn money to our shores on say 90 day rate's, where does that money go, back off shore.
These fucking lesbians and queer cunts in govt could fix this overnight just by lowering the cash rate.



Ollie Newland, where are you.

Oh and by the way, if you are in business, could you survive and trade insolvently???? and stay out of jail:

You maybe surprised but that is exactly what banks do.

Its called fractionalised reserve banking.

Thanks to Roger Fucking Douglas.

New Zealand is a fucking magic country, but it is inhabited by couldn't care less, apathetic, accepting and beleiving people.

We care more about our rugby, cricket, than we do about the society we want top live in.

Anarchy not far away, the rich will live in fear of the masses in the cities and suburbs, locked in there mansions, unable to leave their dwellings.

Go and murder someone get 7 years, and enjoy a stay in a $900 million over budget?????jail, come on look around you, it is starting to fall apart.

Society is melting down.

Ah! but we live in a democracy????

Fuck I enjoyed that.

[Fat Tony]

Hmmmmm... an interesting thread.

[Fat Tony]

Hmmmmm... an interesting thread.

*EDIT: Not interesting enough to post the same comment twice though. Sorry 'bout that. Must have clicked the button twice or something

[slowpoke]

Fuck I enjoyed that.

Not half as much as i enjoyed your profile pic

[slowpoke]

In the USA, or Switzerland, or England, or Canada, and maybe Aussie, you can borrow 200K $ Euros, CHF, and it will cost you around 670 $ Euros,CHF a month at 3.5 % fixed for 30 years?

Nup, not such thing in Oz, typical interest rate of about 7.5% at the moment.

The real kicker is the bloody stamp duty, here's the rates for WA:

Purchase price up to $80,000
2.0%

$80,001 to $100,000
$1,600 + 3.0%

$100,001 to $250,000
$2,200 + 4.0%

$250,001 to $500,000
$8,200 + 5.0%

$500,001 and over
$20,700 + 5.4%

If you buy at the median house price of $460,000 then you've got to cough up another $19,454 to the gubmint just for the priviledge of buying the bloody thing, it's fookin' hard to swallow I can tell ya......

[Lou Girardin]

The myth of the value of such????

I always thought that housing was the result of a boyant economy.

"NOT" a boyant economy based on housing??????

Am I missing something?

For a low wage economy to be so bouyant, the money must come from somewhere.
It's coming from people borrowing to spend their new-found equity on toys.
We're living in a house of cards.

[Edbear]

begs the million dollar question ...where would one live in NZ , have a Job ,,,and still have a small diposable , for the fun things

Wife working part time maybe

Dat's us, but we aren't typical.

My eldest daughter and her husband are trying to save for a house. Tough even though he's on a very good salary. Daughter looks after our Grandson and does a bit of part-time work. I and my two Sons-in-Law, thanks to youngest daughter's husband, have just started a website creation/hosting business, (check yourhomepage.co.nz ), which may explode on us and give us all the necessary means for them to save for their own houses.

We're trying to look after the Mother-in-Law who's 88 now, too, so may need to sell our place and find somewhere where she can live with us. Our driveway is too steep and our flat is upstairs but the house suits us. Not easy finding places here, for sure!

I feel sorry for youngsters starting out these days, but I clearly remember my parents buying their house back in '70. It was $8,000 in Warkworth and they really struggled to afford it and convince the Bank to lend them the money! It was tough way back then, too.

[Karma]

We're living in a house of cards.

Is that better or worse than glass houses?

[Edbear]

Is that better or worse than glass houses?

I t'ink it worser! Yo break a window yo fix it, but yo whole house fall down you up da creeek!!!

[Guitana]

Where do you propose the boycotters live in the interim?
Surely not rent as that cause the investors to come in and push prices up wont it?

I'm renting and its a hell of a lot cheaper than paying a mortgage!!I've had a mortgage for the last 15 years and hated every fucken minute of it.Lifes alot easier at the mo just cruising and deciding what to do I have a good deposit but I'm in no hurry!Doing alot of riding with the extra cash left on payday for gas!
I've even managed to save some money last year first time in ages.
I really feel for the poor pricks saving for a house they will need at least $50k for a deposit with the rising costs of healthcare, food ,petrol and power theres a shit show of that happening.
Sooner or later the moneys gonna dry up the average kiwi can't afford to buy at those prices on the average wage.

[SPman]

Nup, not such thing in Oz, typical interest rate of about 7.5% at the moment.

The real kicker is the bloody stamp duty,...., it's fookin' hard to swallow I can tell ya......

Pricks made $10.2B last year!!
They charge it on everything!
Change of ownership on the bike was $8 fees and $220 stamp duty!!!!

[Lou Girardin]

I'm renting and its a hell of a lot cheaper than paying a mortgage!.

Not for us. We couldn't rent this place for what our mortgage is. (And it is still substantial)

[The Stranger:Me]

For a low wage economy to be so bouyant, the money must come from somewhere.
It's coming from people borrowing to spend their new-found equity on toys.
We're living in a house of cards.

So I guess if it is such a bad thing you will be turning way all those Harley dollars from the mid life crises sufferers whom borrow against the house for one last fling before they go?