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Thread ID: 149324	2020-10-23 20:17:00	Property in NZ	Nomad (952)	PC World Chat

Post ID	Timestamp	Content	User
1472539	2020-11-21 10:15:00	Most of all red tape slowing down development and people sitting on their house instead of building new. What's this all about!, why should we build new again?, we are happy here. Had a State Advance Corp. 3% loan initially and that went up to 5%. Shame that system went away. lurking.	Lurking (218)
1472540	2020-11-21 19:22:00	Had a State Advance Corp. 3% loan initially and that went up to 5%. Shame that system went away. lurking. Well interest rates are rather low at the moment you know. It's never been the issue really, getting the deposit is. Even with my son, he was on good money but with rent, child support and all the usual bills, saving, on his own, wasn't possible. He had $30K in kiwisaver then, not enough.	piroska (17583)
1472541	2020-11-21 19:58:00	I setup a Post Office home ownership account when Piggy was PM, I did it because I was spending a horrific amount of money pissing up, guns, cars and motorcycles etc Sort of forgot about it until I got a letter from POSB saying hey you have heaps of money what about buying a house? Bought a new house with big double garage and shed in Blenheim although had to get a second mortgage. Interest rates were very high but so was inflation. Had to get a second job so I had money for pissing up, guns cars motorcycles etc. I lived in an old farm house in Okaramio $10.00 a week between three of us but the deal was we had to help the farmer fix farm equipment (well the RNZAF) did cart hay. Most of my mates were single as well at the time and they all had their own houses as well.	prefect (6291)
1472542	2020-11-21 20:08:00	Well interest rates are rather low at the moment you know. It's never been the issue really, getting the deposit is. Even with my son, he was on good money but with rent, child support and all the usual bills, saving, on his own, wasn't possible. He had $30K in kiwisaver then, not enough. Child support, speaks volumes	prefect (6291)
1472543	2020-11-21 22:03:00	Most of all red tape slowing down development and people sitting on their house instead of building new. What's this all about!, why should we build new again?, we are happy here. Had a State Advance Corp. 3% loan initially and that went up to 5%. Shame that system went away. lurking. please don't take it so personally. its just those who would normally build a new house are being held up or put off by the red tape. there is also things like councils who tax the developer who passes the cost onto the home buyer, which pumps the house price up. new homes are funding the council to pay for services for everyone. so they don't build a new house (or delay it), sit in the old house which increases demand which pushes up house prices. then they take that profit to pay the council etc. which in turn trickles back to first home buyers. so in a way you could say first home buyers are the ones funding the councils. there is lots of causes to the issue.	tweak'e (69)
1472544	2020-11-25 02:29:00	Is this a good share!!. NZ Rural Land Co. Yesterday's The Press page 7. It's a start-up company and it's going to lease out the land it's buying to farmers' and food producers. Been burnt before on IPOs', (Initial Public Offer).	Lurking (218)
1472545	2020-11-26 03:04:00	On the news today: the banks are looking at charging investors' interest on their term investments!!!. Time to withdraw and invest in shares, methinks !!. lurking.	Lurking (218)
1472546	2020-11-26 03:13:00	On the news today: the banks are looking at charging investors' interest on their term investments!!!. Time to withdraw and invest in shares, methinks !!. lurking. Put it under the mattress :clap:clap Ken :eek:	kenj (9738)
1472547	2020-11-26 03:35:00	Time to withdraw and invest in shares, methinks !!. Ah yes shares. When we had the in the 20s % mortgage, the flip side was the savings interest rates. Husband took his redundancy, paid off the house, and after a while decided the savings should come out, as the rates were starting to go down, so he bought shares. It was the thing, everyone saying buy shares etc etc. He did. Brierley, Goldcorp and the like........... So for a short time we actually had money. Then he got into the plumbing business and we got another mortgage.... Later he burnt the certs in the fireplace.	piroska (17583)
1472548	2020-11-26 08:54:00	I am not so much a property type person myself . To me it is a more functional use . Do NZders mainly go for a house because they want appreciation? I question this because if many of them ever only have 1, they could downsize but they lose out b/c the houses down the ladder cost proportionally more for the same size, but they also can't just sell it because they have to live somewhere . Maybe pass it down as a inheritance? Thoughts? We bought our first house for nine years wages and sold it for fourteen years wages so that was worth it . But we bought our house because we were tired of paying rent and the repayments amounted to less per week than the rent we were paying and, of course, we were then paying the money to ourselves rather than paying for someone elses Mercedes . We paid off the principal when we could and now we are mortgage free with only things like rates and insurance to pay, and now we are retired we don't have the expense of a mortgage . It's a great . I agree with Wainui 100% . He has the right idea . :clap:clap	Roscoe (6288)
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