How much do you owe?

[riffer]

I have a mortgage. But I also have over 50% equity in the property at todays value.

I just don't believe in usury. So I avoid being a part of it.

[johnnyflash]

whatever.....one is the home i live in the other my 82 yo mother in law lives in rent free......i also have a happy life, let me know what bridge you live under i will give you a tootle on the horn as im passing

sorry JimJim none of my properties are under a bridge

[Brett]

I learnt my lesson when I bought my first car with a $6500 bank loan. Once that was paid off, I decided I would never be in debt again for anything except property or appreciating assets. It has worked well for me.

[Coldrider]

i also have a happy life, let me know what bridge you live under i will give you a tootle on the horn as im passing

There is going to be abit of this in the future the way the property market is heading, and rents won't be cheap either, just need to look at the European markets, you may not owe anything, but you don't own anything either.

[Albino]

so i take it you people who dont owe anything aslo arnt on the property ladder

The first rung is out of reach of a lot of people these days.

[ManDownUnder]

The first rung is out of reach of a lot of people these days.

Alone yes, together - no. Check out http://www.co-buywithme.co.nz/aboutus.php

It's not for everyone, but it's a good leg up for those that can...

[NotaGoth]

I owe nothing.. And I own nothing except for my bike.. Says it all eh....?? I'm almost 21 and all I own is a bike..... How pathetic..

[Blondini]

Notink, Zilch, Nil, Zero, You are missing an Option..

wot they said

[Disco Dan]

I am so suprised how many people are actually debt free... I thought so many more people would be up to their necks in debt... certainly the picture the media paints!

[Bullitt]

I am so suprised how many people are actually debt free... I thought so many more people would be up to their necks in debt... certainly the picture the media paints!

I suppose the next question is how well does Kiwibiker represent society as a whole. I suspect not very well, although there is a wide cross section of people here the average of many things will be well off.

Perhaps people who own motorbikes need to be better at saving in order to afford them therefore on average have less debt than non motobikers.

[discotex]

+1 for zero, zip, nada.

Ok there's like $1.5k on credit card but it'll be paid at day 54 of it's interest free days.

Got the cash set aside for my end of year upgrade plus cash to buy a house. The property market in West Auckland is softening nicely so I'm looking forward to grabbing a bargain sometime soon

[SPman]

Too fucking much!

[scumdog]

I 0we heaps on my 'toys' ferkin' heaps.
$10,000 on the Thunderbird.
$18,000 on the Superglide
$2,600 left to pay on the '37 Ford Coupe (Credit Union loan)

Living in a sustainable level of debt.

If I sold the above I would make a profit - but I'm too busy enjoying them.

[Usarka]

i aint got jack and i aint got shit

all i got is this little bit

of beer

and a bike.

and i dont want a roof that i can call mine

when the horizon calls theres nothing to leave

behind.

[carver]

ZeroDollars