| 51 | This message was deleted. domy2010 - 2021-03-19 21:17:00 |
| 52 | domy2010 wrote:
18% on a 45,000 home loan perhaps? they never tell you that part lakeview3 - 2021-03-19 21:18:00 |
| 53 | domy2010 wrote:
Too much tax? People are selling their properties making $500k profits, tax free.... that's not paying too much tax! That's paying no tax... lowest in the Western World yep I see lots around here sold last year or year before back up for sale again . You would want to hope SOMEONE in the govt is monitoring these sales. lakeview3 - 2021-03-19 21:20:00 |
| 54 | lakeview3 wrote:
they never tell you that part Well unless you know what percentage of an average wage that cost is kind of irrelevant. When we were paying 14.25% our mortgage was nearly 50% of our income. heather902 - 2021-03-19 21:22:00 |
| 55 | domy2010 wrote:
Too much tax? People are selling their properties making $500k profits, tax free.... that's not paying too much tax! That's paying no tax... lowest in the Western World We could argue that the development fees on the subdivision weren't high enough. You can't have your cake and eat as well. If developers are prepared to pay $500k plus for 800 square meter sections than owner occupier would, something rotten in Denmark! There lies the problem, some claim development costs are too high, but developers are creaming it buying properties above market value! pushing the prices up 100 % in the case of Manurewa! ian1990 - 2021-03-19 21:35:00 |
| 56 | ian1990 wrote:
We could argue that the development fees on the subdivision weren't high enough. You can't have your cake and eat as well. If developers are prepared to pay $500k plus for 800 square meter sections than owner occupier would, something rotten in Denmark! There lies the problem, some claim development costs are too high, but developers are creaming it buying properties above market value! pushing the prices up 100 % in the case of Manurewa! yeah and there’s PLENTY of land in this country too. lakeview3 - 2021-03-19 21:40:00 |
| 57 | Edit, I mean Developers are crying poverty and can't afford development contributions, but can afford to pay $500k plus for development sites over owner occupier family, ian1990 - 2021-03-19 21:43:00 |
| 58 | domy2010 wrote:
Any multiple property owners out there starting to feel a little conflicted now with the housing situation?
You should discuss this with tenants of ours, an Arabic family in NZ to study, devout Muslims with an interesting perspective on this world.
He told me I was working for God by providing housing.
Never looked at it like that. |
| 59 | masturbidder wrote:
You should discuss this with tenants of ours, an Arabic family in NZ to study, devout Muslims with an interesting perspective on this world.
He told me I was working for God by providing housing.
Never looked at it like that. is it a complex? Or a duplex? lakeview3 - 2021-03-19 22:32:00 |
| 60 | This message was deleted. domy2010 - 2021-03-20 09:56:00 |
| 61 | domy2010 wrote:
Does God pay capital gains tax? They do have a very interesting perspective on 0 interest. I kinda think they are right on that one... that interest is evil.... greedy.. etc. at the very least these property oligarchs don’t need our kids working minimum wage jobs to pay tax to pay for their pensions whilst also paying rent to these same people. lakeview3 - 2021-03-20 10:33:00 |
| 62 | My neighbour lives out of town and bought her retirement property about 20 years ago.
She used to rent it out but after she’d spent a lot of money upgrading it, the next tenant trashed it and left owing rent so she’s repaired it again and has decided to leave it empty.
I don’t blame her. |
| 63 | heather902 wrote:
Well unless you know what percentage of an average wage that cost is kind of irrelevant. When we were paying 14.25% our mortgage was nearly 50% of our income. I remember my weekly wage being less than an hour of todays minimum wage and it was considered well paid back then. I knew people buying or building their homes and it still took two average wages to do it, same as today but most I knew delayed having children until they could afford to drop down to one income for a year or more to be with their children in those formative years. I did not live in a main city, it would have been worse there just as it is today. kacy5 - 2021-03-20 11:32:00 |
| 64 | The member deleted this message. domy2010 - 2021-03-20 11:55:00 |
| 65 | This message was deleted. domy2010 - 2021-03-20 11:57:00 |
| 66 | domy2010 wrote:
18% on a 45,000 home loan perhaps? Maybe, but this comparison with today is only valid if it takes into account the average pay packet at the time. It's like saying "Oh but in 1940 bread only cost *such and such* a loaf", without noting that the wage packet was also very low. kitty179 - 2021-03-20 11:58:00 |
| 67 | kitty179 wrote:
Maybe, but this comparison with today is only valid if it takes into account the average pay packet at the time. It's like saying "Oh but in 1940 bread only cost *such and such* a loaf", without noting that the wage packet was also very low. Lots of things were more expensive back in the old days. The first colour tv I bought in circa 1977 was over $1,000 and was a 19 inch if I remember correctly!
Clothes are a lot cheaper now though I reckon because we have K Mart and the likes here in NZ. |
| 68 | domy2010 wrote:
Too much tax? People are selling their properties making $500k profits, tax free.... that's not paying too much tax! That's paying no tax... lowest in the Western World Not if they sell it within 5yrs of buying it.
Of course that catches everyone else too. So BS it's "speculators" making a tax free fortune. Any way - tax is just wasted on things like $3K a week motel bills by the incompetent do nothing numpties called ministers. pcle - 2021-03-20 12:56:00 |
| 69 | The member deleted this message. domy2010 - 2021-03-20 13:25:00 |
| 70 | I thought this was going to be ‘let’s be honest the current government have no intention of fixing the housing problem’ |
| 71 | This message was deleted. |
| 72 | domy2010 wrote:
"right wing commentator Liam Hehir simply threw up his hands and stated that maybe we needed to be honest and admit entire generations are now locked out of home ownership. The naked truth of that just sits in front of us and must be explored. The reality is that entire generations are now locked out of home ownership through a combination of the commodification of housing in a lax regulation environment. So now that fact is before us, what do we do?" https://thedailyblog.co.nz/2021/03/17/media-watch-qa-shouldn
t-we-be-honest-and-admit-entire-generations-are-now-locked-o
ut-of-home-ownership-what-do-we-do-now/ Allowing beneficiaries a state home for life is surety just going to cement the idea that it’s the government’s responsibility to provide all of our needs as well as our wants. heather902 - 2021-03-20 14:20:00 |
| 73 | This message was deleted. |
| 74 | This message was deleted. |
| 75 | Not guilty. Just built an investment in Western Bays and currently rented to a young mum with kids. When we told family we had bought and where we were told to put it on Air BnB as it'd make more than a normal rental. That's another key issue, houses that used to be standard rentals taken out for the short term rent market. Not everyone can or wants to own but we can invest to give someone a roof over their head. Same reason we have rentals in US. Especially when there are stories like this https://www.stuff.co.nz/life-style/homed/renting/124402094/m
um-beyond-exhausted-after-being-rejected-from-more-than-130-
tauranga-rentals. Free up a few short term rental properties in this area would more than likely help. hers.nz - 2021-03-20 14:29:00 |
| 76 | This message was deleted. |
| 77 | In our dystopian hellscape future everything is just ponzis piled on ponzis to give the masses their next dopa fix while the world burns. ???? sparkychap - 2021-03-20 14:38:00 |
| 78 | domy2010 wrote:
I do like it right wing people finally start to understand what market driven forces really creates.... unfortunately as usual... it is far too late by then.
I don't understand what you mean. If market forces were in effect, then supply of houses would have risen to meet demand. If we'd allowed market forces to act then we wouldn't be in the situation where banks are 'too big to fail' and the global financial system is being sent to the moon with a deluge of money printing. We are so far from 'market forces' that I don't think they exist any more. apollo11 - 2021-03-20 14:41:00 |
| 79 | kittycatkin wrote:
Don't be so nosey. That's none of your business. Would you like to know what the OP's income is as well ? I don’t really care, but if they are going to make some claim, they should back it up with facts. lakeview3 - 2021-03-20 14:46:00 |
| 80 | kittycatkin wrote:
Why? If they sold the houses, the renters would have nowhere to live and would end up in motels that YOU would be paying for.
The simplistic thinking is that if rentals become unviable then they get sold, property values suddenly drop and the ex- renters can now afford to buy them. The fact is that a large chunk of the population will never be able to save for a house, because money evaporates as soon as it hits their hot little hands. These people would be out on the street. apollo11 - 2021-03-20 14:46:00 |
| 81 | msigg wrote:
marte you are correct, our first house interest rate was %18 , was a struggle for 15 years then got better slowly, plenty of hand me downs and a bomb of a car, and bomb of a house too. A landlord would be taken to TT & fined heavily if they rented out a brand new house from that era, in this time & age.
No insulation, no heat pump, no bathroom or kitchen ventilation, lack of secure locks on the doors. And take into account what we rented at the time. Bathroom hot water was a Zip water heater over the bath. No shower. No roof insulation ( whats wall insulation??)
Rotting T&G bathroom internal walls growing mushrooms, tiny open fires that sucked any heat out of the room the second the fire went out. Broken windows that you could never open, but you didn't need to since they leaked enough air anyway. Shitty cars that never got cheaper, you just waited till your wage increased so you could afford it.
1, maybe 2 TV channels on a tv that cost 1/5th the price of a new car. 25 inch was a big tv & a bonus if it was in colour. Paying a TV license' for it.....
Telephone on the wall fixed by a cord, a waiting list to use it & a waiting list to even get one installed! Lucky if you had a power outlet in every room. Edited by marte at 2:48 pm, Sat 20 Mar marte - 2021-03-20 14:47:00 |
| 82 | kittycatkin wrote:
You might want to look up the meaning of oligarch. What makes you think that landlords are pensioners ? yep all good on my use of the word thanks. And no I didn’t say all landlords are pensioners, just that people with large property wealth and income shouldn’t expect to get pensions. I don’t care if they think they deserve it or not. It’s about what’s the right thing to do for our young people. I say that and it could even affect me and you know what? I would be fine with that because I am not greedy and I would be happy to know that things are fairer for the next generations coming through, the next lot of taxpayers and service people. Edited by lakeview3 at 2:51 pm, Sat 20 Mar lakeview3 - 2021-03-20 14:50:00 |
| 83 | lakeview3 wrote:
I don’t really care, but if they are going to make some claim, they should back it up with facts. still waiting for you to provide some facts to back your 2000 501s in 2 months claim. sparkychap - 2021-03-20 14:52:00 |
| 84 | marte wrote:
A landlord would be taken to TT & fined heavily if they rented out a brand new house from that era, in this time & age.
No insulation, no heat pump, no bathroom or kitchen ventilation, lack of secure locks on the doors. And take into account what we rented at the time. Bathroom hot water was a Zip water heater over the bath. No shower. No roof insulation ( whats wall insulation??)
Rotting T&G bathroom internal walls growing mushrooms, tiny open fires that sucked any heat out of the room the second the fire went out. Broken windows that you could never open, but you didn't need to since they leaked enough air anyway. Shitty cars that never got cheaper, you just waited till your wage increased so you could afford it.
1, maybe 2 TV channels on a tv that cost 1/5th the price of a new car. 25 inch was a big tv & a bonus if it was in colour. Paying a TV license' for it.....
Telephone on the wall fixed by a cord, a waiting list to use it & a waiting list to even get one installed! Lucky if you had a power outlet in every room. you should have seen the house my husband lived in in Palmerston North! It had an outhouse! lakeview3 - 2021-03-20 14:52:00 |
| 85 | sparkychap wrote:
still waiting for you to provide some facts to back your 2000 501s in 2 months claim. yeah I know right......I can’t unfortunately disclose that. I want to believe me. Let me just say that expect a big rise in violent crime in a certain area of the north island and I REALLY hope some investigative journalist starts asking the govt for exact numbers of these returnees....and where they have gone. Edited by lakeview3 at 2:55 pm, Sat 20 Mar lakeview3 - 2021-03-20 14:55:00 |
| 86 | lakeview3 wrote:
yeah I know right......I can’t unfortunately disclose that. I want to believe me. Let me just say that expect a big rise in violent crime in a certain area of the north island and I REALLY hope some investigative journalist starts asking the govt for exact numbers of these returnees....and where they have gone. well until they do, I call bullshit. sparkychap - 2021-03-20 15:01:00 |
| 87 | sparkychap wrote:
well until they do, I call bullshit. ok fine.....I get that. take it or leave it......I will watch. lakeview3 - 2021-03-20 15:06:00 |
| 88 | lakeview3 wrote:
they never tell you that part First house cost us $85k, income was $25 between us, 30yrs ago.
Second was $135k, 6 yrs later, income about $50k, sold first house for $139k
3rd house was $200k, again about 7 yrs, income was about $100-120k, sold 2nd house for $180k
Present house was $406k, 17 yrs later valued at $1m+, income $140-150 (semi retired), sold 3rd house for $365k
To get up LV's nose, just bought the 3rd rental, no money down, to house an employee, but rent is set at 1/3 of available income, so at present $320/wk.
The other 2 rentals are set at 90% and 80% of market rents, no PM to pay for, second one is long term renters, in the hose when we bought it.
1st property has trebled in value, the 2nd has quadrupled in 5 yrs. Any other parts you want to know? smallwoods - 2021-03-20 16:01:00 |
| 89 | This message was deleted. domy2010 - 2021-03-20 16:06:00 |
| 90 | smallwoods wrote:
First house cost us $85k, income was $25 between us, 30yrs ago.
Second was $135k, 6 yrs later, income about $50k, sold first house for $139k
3rd house was $200k, again about 7 yrs, income was about $100-120k, sold 2nd house for $180k
Present house was $406k, 17 yrs later valued at $1m+, income $140-150 (semi retired), sold 3rd house for $365k
To get up LV's nose, just bought the 3rd rental, no money down, to house an employee, but rent is set at 1/3 of available income, so at present $320/wk.
The other 2 rentals are set at 90% and 80% of market rents, no PM to pay for, second one is long term renters, in the hose when we bought it.
1st property has trebled in value, the 2nd has quadrupled in 5 yrs. Any other parts you want to know? that’s great ???? you are so well set up when they tell you you don’t need a pension you will be sweet as! lakeview3 - 2021-03-20 16:24:00 |
| 91 | What is it with the NZ Pension that gets you so wound up LV.. you are going to be one of those pensioners you love to hate before you know it. heather902 - 2021-03-20 16:29:00 |
| 92 | lakeview3 wrote:
yeah I know right......I can’t unfortunately disclose that. I want to believe me. Let me just say that expect a big rise in violent crime in a certain area of the north island and I REALLY hope some investigative journalist starts asking the govt for exact numbers of these returnees....and where they have gone. "A spokeswoman for the New Zealand police told the Guardian that 2,375 people had been deported from Australia between 1 January 2015 and 12 March 2021. The policy has proven especially controversial in NZ because many of the people that Australia has deported to NZ have not lived there for decades Guess that doesnt include the latest plane load. mkr_ahearn - 2021-03-20 16:37:00 |
| 93 | heather902 wrote:
What is it with the NZ Pension that gets you so wound up LV.. you are going to be one of those pensioners you love to hate before you know it. the New Zealand pension has been used and exploited by overseas people from countries with no pension, and New Zealanders who have worked a lifetime overseas, seeking an easy life in country they have not contributed to. It is by far the largest cost to the New Zealand taxpayer in terms of welfare payments and is many times greater than all the other benefits put together. Many times it is paid to people who, in all reasonable terms have income and assets that would see them not require the pension to live off. The fact these people have absolutely no qualms about taking the money and spending it on frivolous indulgent items while they drive past people literally with no where to sleep sickens me to the core. If it doesn’t sicken them then that says a lot about them really. Sooner or later we WILL have to have that conversation. It’s not a matter of if but when. Australia tests their pension so why don’t we? lakeview3 - 2021-03-20 16:59:00 |
| 94 | lakeview3 wrote:
the New Zealand pension has been used and exploited by overseas people from countries with no pension, and New Zealanders who have worked a lifetime overseas, seeking an easy life in country they have not contributed to. It is by far the largest cost to the New Zealand taxpayer in terms of welfare payments and is many times greater than all the other benefits put together. Many times it is paid to people who, in all reasonable terms have income and assets that would see them not require the pension to live off. The fact these people have absolutely no qualms about taking the money and spending it on frivolous indulgent items while they drive past people literally with no where to sleep sickens me to the core. If it doesn’t sicken them then that says a lot about them really. Sooner or later we WILL have to have that conversation. It’s not a matter of if but when. Australia tests
their pension so why don’t we? People who still work or have assets or rental properties, would be paying 1/3 of the pension back in tax, and tax on income and from assets so they are most likely contributing more that they would be collecting. So really i don't have any issue with that personally.
People don't end up homeless for no reason. Whilst I think we as a society should take care of the most vulnerable. and i've seen loads of new social housing developments that are for older more vulnerable Adults, I draw the line at holding anyone personally responsible simply because they've worked hard, may have made better choices or just been plain lucky. I'm not going to hate on well off old people. heather902 - 2021-03-20 17:15:00 |
| 95 | And round and round we go. Asking people who don’t need the pension to live off to step back and say “you know what? I am financially well off, and I would rather this money be used to give a child a good education and a safe roof over their head” isn’t hating on old people. It’s asking them to morally do the right thing. THAT seems to be the issue. lakeview3 - 2021-03-20 17:23:00 |
| 96 | domy2010 wrote:
We have market house prices (crazy) and rental market prices (crazy). What I mean is that just maybe things like food and housing should be a market driven thing? Its basic survival, and people have a basic human right to eat and live in a warm home. Market driven very rarely provides this for everyone
What alternative is there? You want government to hand out more free stuff? Housing is expensive because of government. apollo11 - 2021-03-20 17:38:00 |
| 97 | lakeview3 wrote:
And round and round we go. Asking people who don’t need the pension to live off to step back and say “you know what? I am financially well off, and I would rather this money be used to give a child a good education and a safe roof over their head” isn’t hating on old people. It’s asking them to morally do the right thing. THAT seems to be the issue. Well its a good thing that your version of moral and mine are completely different I'm not opposed to the Pension being means tested, but I highly doubt the extra layer of red tape would generate much extra cash flow, because that process would need repeating every year. Most people just pay the tax owed on it.
And here's the thing while a lot of people might survive several years without it, they aren't to know what is in the future, where ill health will force them etc
Clearly your Ducks are all in a row and you know 100% you will not need the NZ Super ever, and that collecting it while you didn't entirely need it will not benefit your ability to take care of yourself later in life. Wonderful! but just realise not everyone has had the ability to plan so well. heather902 - 2021-03-20 17:42:00 |
| 98 | heather902 wrote:
Well its a good thing that your version of moral and mine are completely different I'm not opposed to the Pension being means tested, but I highly doubt the extra layer of red tape would generate much extra cash flow, because that process would need repeating every year. Most people just pay the tax owed on it.
And here's the thing while a lot of people might survive several years without it, they aren't to know what is in the future, where ill health will force them etc
Clearly your Ducks are all in a row and you know 100% you will not need the NZ Super ever, and that collecting it while you didn't entirely need it will not benefit your ability to take care of yourself later in life. Wonderful! but just realise not everyone has had the ability to plan so well. yes and there are health challenges along the way, none of us have a crystal ball. I guess the govt just keeps printing money and we all end up earning $25 an hour and living in houses worth $3 million......and keep importing people who will live like paupers to service our aging population because New Zealanders will no longer be able afford to have kids....happy days. lakeview3 - 2021-03-20 17:53:00 |
| 99 | lakeview3 wrote:
that’s great ???? you are so well set up when they tell you you don’t need a pension you will be sweet as! Do you really think I went through my working life and didn't think the Govt wouldn't renege on their promise of super in my retirement?
I'm hoping, but not expecting.
As moaners, like yourself will stir the pot and make excuses for the younger generation to sit on their arse's expecting a handout from the previous generations.
It's is there to be got, if any are willing to work hard, smart and forgo some minor things to advance. smallwoods - 2021-03-20 18:01:00 |
| 100 | lakeview3 wrote:
the New Zealand pension has been used and exploited by overseas people from countries with no pension, and New Zealanders who have worked a lifetime overseas, seeking an easy life in country they have not contributed to. It is by far the largest cost to the New Zealand taxpayer in terms of welfare payments and is many times greater than all the other benefits put together. Many times it is paid to people who, in all reasonable terms have income and assets that would see them not require the pension to live off. The fact these people have absolutely no qualms about taking the money and spending it on frivolous indulgent items while they drive past people literally with no where to sleep sickens me to the core. If it doesn’t sicken them then that says a lot about them really. Sooner or later we WILL have to have that conversation. It’s not a matter of if but when. Australia tests their pension so why don’t we? Australia also has cheaper housing, living costs, 501 deportations, mineral deposits.... So why don't we? smallwoods - 2021-03-20 18:03:00 |
