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| Thread ID: 89392 | 2008-04-29 08:17:00 | Close Up - Gareth Morgan!! | SolMiester (139) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 663914 | 2008-04-29 09:08:00 | OMG, I have find someone who is a bigger condescending c**t than Micheal Cullan.... Did anybody see that?.....I am speechless..... Well he did sell trademe with his son, and made millions and millions of dollars, so he is a NZ success story. A lot of what he said about people borrowing too much and not planning ahead, I agree with. It has caused problems with home affordability, pushing up prices to unsustainable levels, just because it was possibile to borrow that much money. I think some of his comments were a bit raw, especially whilst he was wearing his NZ designed, chinese made icebreaker top. Some people who are struggling are definately not the ones who have mortgaged themselves up to the hilt, and they are struggling just becuase NZ is a low wage economy, with low levels of disposable income, which means that we are very prone problems when prices increase at levels higher than inflation. I wonder what people opinions are, who have their kiwisaver accounts with him. |
robbyp (2751) | ||
| 663915 | 2008-04-29 09:17:00 | Vitalstastix has now twice said in recent posts ".....NOTHING "NZ Made" is "made" here anyway." Care to back up that patently untrue statement. Martynz |
martynz (5445) | ||
| 663916 | 2008-04-29 09:21:00 | Vitalstastix has now twice said in recent posts ".....NOTHING "NZ Made" is "made" here anyway." Care to back up that patently untrue statement. Martynz That was a bit of a generalisation on my behalf sorry, although not as much stuff is manufactured here as we would like to believe. It is no longer financially viable for most companies to produce clothing, whiteware or many electronic goods in NZ - stuff that has a fairly good mark up on it. |
vitalstatistix (9182) | ||
| 663917 | 2008-04-29 10:39:00 | I wonder what people opinions are, who have their kiwisaver accounts with him. Didn't see Close Up, but I have my KiwiSaver with him and I'm happy. His job is to make money with my money, not suck up to you suckers who have buried yourselves in debt buying new TVs etc and now have problems paying up. |
TideMan (4279) | ||
| 663918 | 2008-04-29 11:21:00 | I know what Gareth Morgan said isn't popular but we do need people like him to slap us in the face occasionally. We live in a society where it isn't acceptable anymore to say - "It's your own fault". If you borrow money - you gotta factor in your job certainty, cost of living etc - before you take the loan. Not afterwards. House prices would be a lot lower if buyers simply said - can't afford it. Gareth Morgan walks the talk too. He and his wife and kids lived in a bus. When he says "walk/cycle" instead of using petrol - that is about what half the worlds population do elsewhere. Nothing special about us. |
Winston001 (3612) | ||
| 663919 | 2008-04-29 11:22:00 | Didn't see Close Up, but I have my KiwiSaver with him and I'm happy. His job is to make money with my money, not suck up to you suckers who have buried yourselves in debt buying new TVs etc and now have problems paying up. Yes the truth hurts. Many people have borrowed on top of their mortgage, because they thought house prices would keep rising, and mortgage levels wouldn't rise. |
robbyp (2751) | ||
| 663920 | 2008-04-29 11:27:00 | I know what Gareth Morgan said isn't popular but we do need people like him to slap us in the face occasionally. We live in a society where it isn't acceptable anymore to say - "It's your own fault". If you borrow money - you gotta factor in your job certainty, cost of living etc - before you take the loan. Not afterwards. House prices would be a lot lower if buyers simply said - can't afford it. Gareth Morgan walks the talk too. He and his wife and kids lived in a bus. When he says "walk/cycle" instead of using petrol - that is about what half the worlds population do elsewhere. Nothing special about us. I'm not saying Morgan isnt a clever man, he has after all made a packet of money....lets hope he doesn't start lending money to the people he just put down, like the other finance houses and end up losing it all..... now wouldnt that be ironic! |
SolMiester (139) | ||
| 663921 | 2008-04-29 23:09:00 | I'm not saying Morgan isnt a clever man, he has after all made a packet of money....lets hope he doesn't start lending money to the people he just put down, like the other finance houses and end up losing it all..... now wouldnt that be ironic! On the contrary, the only reason he is well-off is because his son created Trade-me and Gareth (and others) put some money in to help get it going. Gareth Morgan has donated most of his money to a charitable trust - he's given it away. He drives a Toyota Echo. The guy is intelligent and enthusiastic, not at all a money grubber. In fact he doesn't care about money. |
Winston001 (3612) | ||
| 663922 | 2008-04-29 23:45:00 | A lot of what he said about people borrowing too much and not planning ahead, I agree with. Hmm. My son earns $16 an hour. He rents, girlfriend owns a car she bought for $600. They have some furniture and a computer I built him. No LCD TVS, no stereo, no fancy stuff at all. He bikes to work - on a pushbike. Girlfriend being a new mum is not working at present. He has a $2000 overdraft. No other debt. No money either......... We ourselves have no debt inc mortgage except for $5000 loan on my shop. We have watched the price of diesel go up and up until with road tax its not worth it anymore. Pity we can't afford to replace husbands diesel ute though. I drive 28KM to work each day and back, so petrol costs matter. Guess we must be the exception to Gareth Tossers theory. |
pctek (84) | ||
| 663923 | 2008-04-29 23:45:00 | Did anyone see that money management show on TV3 last night (can't remember the name - it's the one with the ginga drill-sargeant who goes through people's finances). The couple on it were a classic example of what Gareth Morgan was talking about. They earned reasonable money, and had a revolving credit mortgage which they were using to pay their credit card bill. That's the normal practice with a revolving credit mortgage, but the problem was that they were spending around $530 more a month than they earned. So their mortgage was never going down, and in fact was getting bigger. Hubby recently splashed out on a car and jetboat in addition to losing $20k on a failed business venture, and wifey loved to shop. So they were in the hole to the tune of $30k, and were at the point where they were unable to service their mortgage. Their defense was that they wanted to live a 'fun life'. Plonkers :annoyed: |
nofam (9009) | ||
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