Own or rent??

[Swoop]

Stop blowing ya $$$'s on hookers and drugs then.............

Hmmm, when I read the title of the thread and who had started it, I immediately thought of hookers...
Dunno why...

[_Gina_]

Yep,that's what I did a couple of years ago.Huntly West is not on anyones wish list,so prices were lower than anywhere in the Nth Island

Two years ago we seriously looked at a property out on Ginn Rd, Rotowaro. $200,000.00 for a farm homestead and an acre and a half. With self contained sleepout. Hmm, just couldn't really see me driving to Mt Welly and back every day. Nearly convinced myself I could though.

Ended up on 2 acres out in Waiuku for $360,000.00.

[Motu]

Two years ago we seriously looked at a property out on Ginn Rd, Rotowaro. $200,000.00 for a farm homestead and an acre and a half. .

In 2003 we had an option on of $210,000 on 5 acres in Matakana,with a nice 4 brm and new kitchen,sleepout and big barn,but missed it when a previous offer finally got finance.Then we were keen on another in Port Albert,5 acres with a nice old home,and a huge 3,000sqft building for $158,000...but then my troubles began and we had to put aside house buying plans.You can see why I wasn't too happy to come back into the market a couple of years later and see such ideas so far out of my reach.

[_Gina_]

In 2003 we had an option on of $210,000 on 5 acres in Matakana,with a nice 4 brm and new kitchen,sleepout and big barn,but missed it when a previous offer finally got finance.Then we were keen on another in Port Albert,5 acres with a nice old home,and a huge 3,000sqft building for $158,000...but then my troubles began and we had to put aside house buying plans.You can see why I wasn't too happy to come back into the market a couple of years later and see such ideas so far out of my reach.

Absolutely, the $360,000.00 was a bit of an ask for us. Other properties around which didn't require the level of refurbishment that ours does, go for around $450,000.00 - $500,000.00 and that was way the hell out of means.
It certainly makes you acutely aware of how hard it might be for people who cashed out of the housing market when the first boom happened 12 odd years ago. Should they be trying to get back in now that is.

[Lou Girardin]

My 2c on that one... no... people don't.

There are too many out there expecting:
1) To start at the top of the ladder. "I have my qualification - the world owes me a living"
2) To have life easy - just like they did when they lived with Mum and Dad.

Too true. When we bought our first home, all of one wage went on the mortgage, our furniture was second hand and the TV was B&W. No dining out or big boozy weekends.
But, everyone did this back then, and 12% inflation soon eased the burden if you watched your spending.

[The_Dover]

So how many of you homo-ners actually purchased your house on one income?

[sAsLEX]

So how many of you homo-ners actually purchased your house on one income?

I did and I am student but had to get a family loan as the bank wouldn't lend me near enough!!

Living with flatmates and a few dollars from my employer help out with the mortgage, but having family to fall back on is helpful but not required.

[Rashika]

So how many of you homo-ners actually purchased your house on one income?

me...still do

[The_Dover]

me...still do

C'mon Rashika, a cow shed in christchurch with an outside dunny and a leaky roof doesn't count.

And the income must be legal and moral.

[Motu]

And did you do it on a single income with wife and children? I think we must be the last single income family in New Zealand - the system is certainly not set up for the single income family.

[Squeak the Rat]

the system is certainly not set up for the single income family.

I wonder if that affects the way our kids turn out???

Of those who have purchased recently on single income how many have flatmates?

[Rashika]

C'mon Rashika, a cow shed in christchurch with an outside dunny and a leaky roof doesn't count.

And the income must be legal and moral.

its got 3 bedrooms, living, lounge, kitchen, bathroom, INSIDE toilet, garage, and land... not to mention, car, bikes, dog, cats, a PC AND a MAC.

And the means are mostly moral....close enough anyway

[Rashika]

Of those who have purchased recently on single income how many have flatmates?

tried that recently....stoopid twat still owes me money

[Lou Girardin]

So how many of you homo-ners actually purchased your house on one income?

I've bought two.

[Big Dave]

When we bought our first one - that was all that was counted - they wouldn't take the wife's salary into account because she was automatically going to have babies.
it changed in the 80's. like lots of things - why I still live there.