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Thread ID: 106691	2010-01-19 06:35:00	Mortgage question.	Nomad (952)	PC World Chat

Post ID	Timestamp	Content	User
849941	2010-01-20 22:00:00	Depends who you look at it. If you are a property speculator well perhpas not. But that's not what I am talking about. I am talking about buying a house and living in it forever. The odd bit of maintenance and redecoration, not ripping it apart and rebuilding it. Nor selling and buying another bigger better one all the time either. Like my friends Grandma that bought one in Takapuna a very very long time ago. She still had it when she died, it was more or less the same too apart from like I said, maintenance and decorating. The family got a small fortune for it. Yup folks paid 20k or 30k 20yrs ago and sold it and did more damage to it, sold for 150k (10yrs ago). Nothing was added at all, maybe new carpets done DIY unprofessionally, bathroom wall fell apart, added a weatherboard and repainted unprofessionally, some taps done unprofessionally, the same curtains from day 1. They had long hours working in the past, 7 days, only day off was Christmas kinda thing. Sometimes they worked over Christmas and NYR. The buyer sold it for 300k I think after some work. A builder got hold of that and sold it for 550k I think with sig work done. Add a triangle roof and a extra floor. It used to be a single floor 2 bedroom, flat roof cottage thing with a separate double garage door (no internal access). But we added a extra room without a proper roof, ie., a rock over some metal sheets, without council consent so had to waive rights to the buyer for a drop in price. Carpet was DIY and done unprofessionally :D It was like a bedroom which had a outside window looking into a new self built dining room, but the window was still there (you could open and close it) :p	Nomad (952)
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