YES!-We own a house

[The Lone Rider]

Whhooopp deee doooo. You own a house. Big deal. I own one to.

Nah.. good stuff Bren. Glad you are making the move and happy with what you got going!

If you are moving in two.. does that mean I get to have all your MGD? Or maybe you want to let me take you up on the offer and I'll help you drink them down.

Awww.. we will miss you.

I'll give you a photo of me holding a MGB so you can put it up in the new home. Memories... memoriessssss.... *sniff sniff*

[Nasty]

Congrats Redneck .. it sure is great to know where you are going when you get here!!

[HenryDorsetCase]

Lucky you! We live in a house owned by a bank. We pay them "rent" at an exorbitant rate.

And even though we threw $100,000 into the purchase ourselves the bank still retains 100% of the title

I hate the mortgage system.

not true. the bank has a security interest in the property sure, but you own it.

you never owe more than what you owe even if the banks priority figure is set at or near the house value. Of course your equity has taken a hit from falling prices in the last few months, while what you owe the bank hasnot changed that much (probably). Having said that if you have reasonable equity and no intention of selling, gain or loss in value is entirely notional and pointless. If you've been using your house as an ATM over the last couple of years, (and many have) then you will be sweating bullets.

Trust me, I do this shit for a living.

[JimO]

i own a couple of houses at the moment, bought my first one when i was 19, have never rented, currently my 84 year old mother in law lives in the other house rent free, i could never understand why people pay a landlords mortgage when they could be paying their own

[Bren]

Bank has okayd it....Valuer has been in and is satisfied....all signed on the dotted line...It is now UNCONDITIONAL...that 99% is now 100%...

[HenryDorsetCase]

Bank has okayd it....Valuer has been in and is satisfied....all signed on the dotted line...It is now UNCONDITIONAL...that 99% is now 100%...

NOW you're talking!

good luck withit.

[1 Free Man]

Finally, purchase of new property looks to have gone ahead....am 99% sure that this is where my wife and I will move to...

property is on Otaki, Kapiti Coast


About bloody time...we move in less than 2 weeks...

All good Buddy .What part of the town,Railway, beach area are you in??
If you have rug rats Look at putting then in the Waitohu school up on the plateau.. Great little school I was a foundation pupil last century.LOL
Will you be there by Labour weekend???