Back in 2008 when we bought our first home, houses were selling for under RV, and we only needed a 20k deposit (borrowed from parents).

Now days houses are selling for hundreds of thousands over RV and you need well over 100k for a deposit. Wages have not gone up that much since then. Young people are ruined now.

tygertung - 2021-08-09 16:29:00

lakeview3 wrote:

Tragic reading and so true. Shame on all the people in power who allowed it to get like this.

Shame on all the smug people who don’t care.

So sell your property at a loss and to someone not an 'investor'.

headcat - 2021-08-09 16:30:00

headcat wrote:

So sell your property at a loss and to someone not an 'investor'.

where will I live?

lakeview3 - 2021-08-09 16:33:00

tygertung wrote:

Back in 2008 when we bought our first home, houses were selling for under RV, and we only needed a 20k deposit (borrowed from parents).

Now days houses are selling for hundreds of thousands over RV and you need well over 100k for a deposit. Wages have not gone up that much since then. Young people are ruined now.

it doesn’t matter how many times we say it the generation ahead of us thinks things are still the same.

lakeview3 - 2021-08-09 16:35:00

No, they are not the same. Things are terribly, terribly, broken.

tygertung - 2021-08-09 16:37:00

Gosh, back then I was only on apprentices wages and my wife was an office junior, and we were easily able to service the mortgage at an excess, even paying 9.25% interest!

tygertung - 2021-08-09 16:40:00

No way that would happen now.

tygertung - 2021-08-09 16:40:00

tygertung wrote:

No, they are not the same. Things are terribly, terribly, broken.

you are sadly not wrong.

lakeview3 - 2021-08-09 16:44:00

tygertung wrote:

Gosh, back then I was only on apprentices wages and my wife was an office junior, and we were easily able to service the mortgage at an excess, even paying 9.25% interest!

I know but it doesn’t matter what you say, certain New Zealanders just won’t admit it, don’t want to know or refuse to take off their blinkers. As long as they are ok, which due to their age privilege, most of them are. I just want them to be honest and admit it. At least if we had some acknowledgment or empathy. I certainly acknowledge I am only where I am today because I have the advantage of my age, Nd yes I also worked hard, but most people who buy their own houses do also.

lakeview3 - 2021-08-09 16:48:00

RV is a purely fictional figure that is generated triennially to set the rates, it has about as much bearing on the true value of a property as the phase of the moon.

At the end of the day, their is only one thing that sets the price of any property, and it is not the government, benefit levels or moaning on TM.

It is what will a person pay to buy it, and that is either enough and they get it or not enough and they dont.

All the moaning and comparisons in the world will not alter that situation.

kenw1 - 2021-08-09 17:13:00

kenw1 wrote:

RV is a purely fictional figure that is generated triennially to set the rates, it has about as much bearing on the true value of a property as the phase of the moon.

At the end of the day, their is only one thing that sets the price of any property, and it is not the government, benefit levels or moaning on TM.

It is what will a person pay to buy it, and that is either enough and they get it or not enough and they dont.

All the moaning and comparisons in the world will not alter that situation.

I see you didn’t respond to my post 52. These days a nurse trains for 3 years, pays for the training and all associated costs, then once qualified and with presumably a job, they then have to pay off their student loan before they can even consider saving for a house deposit. How many years do you think it will take them to save that house deposit?

The nurses these days didn’t get it all for FREE like your generation.

lakeview3 - 2021-08-09 17:18:00

People should stop patting themselves on the back, unless they are making fair comparisons, blowing on about oneself and one’s achievements 40 plus years ago is irrelevant to today.

At least have some empathy for the people starting out today. I do.

lakeview3 - 2021-08-09 17:22:00

I'm in the opposite situation - I have a house that is now too big for me and a bit steep in parts 880sqm section. Everything is a bit shabby I admit but if I do sell and that shouldn't be a problem. where the hell do I go? The really big problem is finding cheap and cheerful accommodation for the last few years of my life, preferably with my cat.
Ho hum, tra la diddly pom etc . . .

nonumbers - 2021-08-09 17:23:00

nonumbers wrote:

I'm in the opposite situation - I have a house that is now too big for me and a bit steep in parts 880sqm section. Everything is a bit shabby I admit but if I do sell and that shouldn't be a problem. where the hell do I go? The really big problem is finding cheap and cheerful accommodation for the last few years of my life, preferably with my cat.
Ho hum, tra la diddly pom etc . . .

youre so right, what councils need to be doing around the country is encouraging some nice easy care low maintenance town houses to be built so people who want to can easily downsize to a comfortable and safe place.

There’s just no blardy foresight. I learnt in the 1980s in school geography that we would be facing these population challenges.

lakeview3 - 2021-08-09 17:28:00

annie17111 wrote:

there's also a house there for $400,000 but needs some work.

That house is expected to go for anywhere between $440k to $525k. Inquiries over does not mean it will sell for that.. Considering the section is 809m2, it will attract developers that could put 2 houses on that site....so it could go for more. House is not live-able for a family as is. Unless you find the use of a camp stove and a microwave a suitable way to cook for a family.

fpress - 2021-08-09 17:32:00

sparkychap wrote:

"if she doesn't mind commuting" - absolutely and I know people that do this trip daily, but I also know some who find it grinding - over 3 hours plus each day along with the $ 5,400 annual cost.

Mind you, you might also be able to buy something half decent for well less than 725K....

You most definitely can. Eketahuna.

committed - 2021-08-09 17:37:00

committed wrote:

You most definitely can. Eketahuna.

.

sparkychap - 2021-08-09 17:38:00

lakeview3 wrote:

People should stop patting themselves on the back, unless they are making fair comparisons, blowing on about oneself and one’s achievements 40 plus years ago is irrelevant to today.

At least have some empathy for the people starting out today. I do.

Lakeview, I recall when there was a problem with synthetic cannabis being sold at dairies and John Campbell became involved to get something done. He convinced Peter Dunne to go down to Naenae, one of the places this was taking place right beside a childs play area. I saw Peters face and at that point said now something will be done. Unless you are in it, you cannot see it, someone can tell you about it, it means nothing until you experience it or see it for yourself, or it affects someone you care about, or you have in the past experienced it. Otherwise its like yelling to deaf person and pointing a blind person where to look. Don't let that stop you though, some of us appreciate your efforts. Probably haven't written that well, you'll get the idea.

mkr_ahearn - 2021-08-09 17:46:00

committed wrote:

You most definitely can. Eketahuna.

you reckon?

https://www.trademe.co.nz/a/property/residential/lifestyle-p
roperty/manawatu-whanganui/tararua/eketahuna/listing/3205636
101

lakeview3 - 2021-08-09 17:48:00

mkr_ahearn wrote:

Lakeview, I recall when there was a problem with synthetic cannabis being sold at dairies and John Campbell became involved to get something done. He convinced Peter Dunne to go down to Naenae, one of the places this was taking place right beside a childs play area. I saw Peters face and at that point said now something will be done. Unless you are in it, you cannot see it, someone can tell you about it, it means nothing until you experience it or see it for yourself, or it affects someone you care about, or you have in the past experienced it. Otherwise its like yelling to deaf person and pointing a blind person where to look. Don't let that stop you though, some of us appreciate your efforts. Probably haven't written that well, you'll get the idea.

thanks. I must say I am quite gobsmacked at some people’s ‘view’ of the world. I will be honest and say, if I didn’t have kids maybe I wouldn’t care so much either?? But then of course I do because I care about other people and their kids as I recognise these people are the ones raising kids who will be working to pay for me and my care when I can no longer. Around the cycle it goes. Of course when I did have my kids I had absolutely no idea they would be faced with the situation they are now in with house prices. It’s really sad.

lakeview3 - 2021-08-09 17:54:00

lakeview3 wrote:

I know but it doesn’t matter what you say, certain New Zealanders just won’t admit it, don’t want to know or refuse to take off their blinkers. As long as they are ok, which due to their age privilege, most of them are. I just want them to be honest and admit it. At least if we had some acknowledgment or empathy. I certainly acknowledge I am only where I am today because I have the advantage of my age, Nd yes I also worked hard, but most people who buy their own houses do also.

Empathy ? Won’t change a thing, things are tougher but not impossible. How much have your Adult kids saved? Sitting around hating on older generations won’t get your kids into houses, when I started working on mine it was met with some resistance, if I’d gone down your path I think they would all be doing the poor me thing quite easily. While wasting money and losing hope.

heather902 - 2021-08-09 18:02:00

lakeview3 wrote:

I see you didn’t respond to my post 52. These days a nurse trains for 3 years, pays for the training and all associated costs, then once qualified and with presumably a job, they then have to pay off their student loan before they can even consider saving for a house deposit. How many years do you think it will take them to save that house deposit?

The nurses these days didn’t get it all for FREE like your generation.

Nurses back then spent an awful lot of their time actually working on the wards that is why they were so well trained, unlike many of those today that come out of training and suddenly find that patients are not all compliant, and believing of the flannel they try and pull over peoples eyes.

As for my training I got a princely couple of quid a week, that was performance related, fail and yr out at the end of the term, oh and it had to cover the cost of my digs in London

Please dont try and tell me that we had it oh so much better, because that is bull. The difference is we had seen how bad things could be and were determined to make sure we climbed the heap.

Really this all about those that climbed the mountain and those that didnt.

kenw1 - 2021-08-09 18:08:00

heather902 wrote:

Empathy ? Won’t change a thing, things are tougher but not impossible. How much have your Adult kids saved? Sitting around hating on older generations won’t get your kids into houses, when I started working on mine it was met with some resistance, if I’d gone down your path I think they would all be doing the poor me thing quite easily. While wasting money and losing hope.

how old are your ‘kids’?

lakeview3 - 2021-08-09 18:08:00

lakeview3 wrote:

how old are your ‘kids’?

Youngest is 20 how old is your oldest?

heather902 - 2021-08-09 18:10:00

kenw1 wrote:

Nurses back then spent an awful lot of their time actually working on the wards that is why they were so well trained, unlike many of those today that come out of training and suddenly find that patients are not all compliant, and believing of the flannel they try and pull over peoples eyes.

As for my training I got a princely couple of quid a week, that was performance related, fail and yr out at the end of the term, oh and it had to cover the cost of my digs in London

Please dont try and tell me that we had it oh so much better, because that is bull. The difference is we had seen how bad things could be and were determined to make sure we climbed the heap.

Really this all about those that climbed the mountain and those that didnt.

Are you trying to tell me FREE nursing training, accommodation AND an allowance was bad?

Oh dear ROFL……I rest my case.

lakeview3 - 2021-08-09 18:11:00

heather902 wrote:

Youngest is 20 how old is your oldest?

how old is yours?

lakeview3 - 2021-08-09 18:11:00

lakeview3 wrote:

youre so right, what councils need to be doing around the country is encouraging some nice easy care low maintenance town houses to be built so people who want to can easily downsize to a comfortable and safe place.

There’s just no blardy foresight. I learnt in the 1980s in school geography that we would be facing these population challenges.

Lucky you being in school then, I had to leave school at 14 1/2 at 18 yrs old I was in charge of a gang of wharfies unloading potatoes', tomatoes and similar from the Canary Islands, all non union labour, if you worked hard you got picked and if you were a slacker you went home at lunchtime.

kenw1 - 2021-08-09 18:11:00

kenw1 wrote:

Lucky you being in school then, I had to leave school at 14 1/2 at 18 yrs old I was in charge of a gang of wharfies unloading potatoes', tomatoes and similar from the Canary Islands, all non union labour, if you worked hard you got picked and if you were a slacker you went home at lunchtime.

who made you leave? I worked while I was at school, in a bakery and a hotel…..so what? Houses were cheaper in comparison to people’s earnings. There were no property developers, investors, speculators or foreigners to compete with and there were state homes for everyone else. I know I spent the first 5 years of my life in one. Much like many people in New Zealand, who then pulled the ladder up after themselves, luckily for me I jumped and grabbed one of the last rungs, because I was just old enough.

lakeview3 - 2021-08-09 18:16:00

lakeview3 wrote:

how old is yours?

He’s disabled so never going to be a home owner, my 29 year old is a home owner as is my 23 year old, how old are yours?

heather902 - 2021-08-09 18:17:00

Today the houses are exceedingly unaffordable compared with 2008.

Would one be easily be able to buy one on apprentice wages with a partner working as an office junior? I doubt it.

tygertung - 2021-08-09 18:22:00

heather902 wrote:

He’s disabled so never going to be a home owner, my 29 year old is a home owner as is my 23 year old, how old are yours?

ah yes I thought they were older than mine. Mine are 24, 22 and 16. The 24 year old did a masters and lives in Wellington so missed the boat there. Will need to move or just stay renting no doubt. Of course there’s the student loan to pay off so not looking too bright on the home ownership front there.

The 22 year old is saving a deposit, but of course the way prices are increasing and with rent to pay, the goal keeps getting further away.

We will have to think outside the square. Probably will convert our garage to another living space utilising the toilet and bathroom from inside the house.

I feel for them.

lakeview3 - 2021-08-09 18:22:00

lakeview3 wrote:

you reckon?

https://www.trademe.co.nz/a/property/residential/lifestyle-p
roperty/manawatu-whanganui/tararua/eketahuna/listing/3205636
101

$260 for a 10m2 house seems to be not very good value.

Back in 2008, we bought a 100 m2 3 bedroom brick house in an excellent area of town in Christchurch with a good double garage on a 620m2 section for $250.

Today the housing market has become unaffordable.

tygertung - 2021-08-09 18:24:00

tygertung wrote:

Today the houses are exceedingly unaffordable compared with 2008.

Would one be easily be able to buy one on apprentice wages with a partner working as an office junior? I doubt it.

not unless someone gifted them a huge deposit and even then they would probably need a 500k mortgage. The irony isn’t lost on me the actual meaning of ‘mort’.

lakeview3 - 2021-08-09 18:25:00

lakeview3 wrote:

Are you trying to tell me FREE nursing training, accommodation AND an allowance was bad?

Oh dear ROFL……I rest my case.

The wage was a pittance. You really do not understand just how things worked then do you.

Diphtheria, Smallpox, Polio were all still rife, a lot of housing was still bomb damaged. Education was streamed on where you lived. The prospect of a University education was about as likely as a trip to the moon. If you wanted further education you did it in the evening at your own expense and time at the local Tech College.

And you have the temerity to blame so called baby boomers for making the best of their lives.

Over and out.

kenw1 - 2021-08-09 18:25:00

tygertung wrote:

$260 for a 10m2 house seems to be not very good value.

Back in 2008, we bought a 100 m2 3 bedroom brick house in an excellent area of town in Christchurch with a good double garage on a 620m2 section for $250.

Today the housing market has become unaffordable.

yup no kidding, that’s why I posted it. What a joke. Maybe I should chuck our lawnmower out and rent the garden shed.

lakeview3 - 2021-08-09 18:26:00

lakeview3 wrote:

who made you leave? I worked while I was at school, in a bakery and a hotel…..so what? Houses were cheaper in comparison to people’s earnings. There were no property developers, investors, speculators or foreigners to compete with and there were state homes for everyone else. I know I spent the first 5 years of my life in one. Much like many people in New Zealand, who then pulled the ladder up after themselves, luckily for me I jumped and grabbed one of the last rungs, because I was just old enough.

I grabbed a chance to better myself, encouraged by the fact we has 2 people killed within a few months from 'accidents'.

kenw1 - 2021-08-09 18:27:00

lakeview3 wrote:

I see you didn’t respond to my post 52. These days a nurse trains for 3 years, pays for the training and all associated costs, then once qualified and with presumably a job, they then have to pay off their student loan before they can even consider saving for a house deposit. How many years do you think it will take them to save that house deposit?

The nurses these days didn’t get it all for FREE like your generation.

Ummm, eldest son went through Uni and came out with a sizeable SL.
Did the required years here then went OE for around 4 years.
Paid interest on his SL while OE'ing.
Came home, settled back down and saved for 3 or 4 years and bought in Hamilton.
Got our first Grandchild this year.

So, seen Sth America, America, Asia, UK and Europe.
Has no SL now.

So what's your problem with the young'uns today?

smallwoods - 2021-08-09 18:28:00

lakeview3 wrote:

People should stop patting themselves on the back, unless they are making fair comparisons, blowing on about oneself and one’s achievements 40 plus years ago is irrelevant to today.

At least have some empathy for the people starting out today. I do.

Read post above!

smallwoods - 2021-08-09 18:30:00

lakeview3 wrote:

ah yes I thought they were older than mine. Mine are 24, 22 and 16. The 24 year old did a masters and lives in Wellington so missed the boat there. Will need to move or just stay renting no doubt. Of course there’s the student loan to pay off so not looking too bright on the home ownership front there.

The 22 year old is saving a deposit, but of course the way prices are increasing and with rent to pay, the goal keeps getting further away.

We will have to think outside the square. Probably will convert our garage to another living space utilising the toilet and bathroom from inside the house.

I feel for them.

My 29 year old bought this year, Your kids have not missed the boat at all, if they have good earning potential you should be encouraging them, they have as much chance as any other young person. For sure, work with what you have, don’t feed the negativity because it’s hard enough for young people to get into the mindset of saving.

heather902 - 2021-08-09 18:30:00

kenw1 wrote:

The wage was a pittance. You really do not understand just how things worked then do you.

Diphtheria, Smallpox, Polio were all still rife, a lot of housing was still bomb damaged. Education was streamed on where you lived. The prospect of a University education was about as likely as a trip to the moon. If you wanted further education you did it in the evening at your own expense and time at the local Tech College.

And you have the temerity to blame so called baby boomers for making the best of their lives.

Over and out.

my parents are in their late 70s and early 80s. My father went to Oxford University, not bad for a lad who failed school C the first time and spent his formative years in places like kaingaroa and ohakune. There was nothing stopping you if that’s what you wanted. It was all PAID for by the NZ Govt back then.

As for blaming people for making the most of their lives, I am not doing that, it’s just your defences are up so high you have missed the point of my posts.

As for wages…..the hotel I worked in paid me quite well, $9 an hour and with allowances it worked out to more. That was about 1985/86 . I worked double time and triple time when I could. But the Nats took that away didn’t they? In fact I worked with people who owned houses and were the breadwinners for their families so it wasn’t that hard, especially living in a place like Rotorua.

Edited by lakeview3 at 6:44 pm, Mon 9 Aug

lakeview3 - 2021-08-09 18:35:00

lakeview3 wrote:

how old is yours?

LOL, great at asking, but won't give a simple answer to the same question!

smallwoods - 2021-08-09 18:35:00

smallwoods wrote:

Ummm, eldest son went through Uni and came out with a sizeable SL.
Did the required years here then went OE for around 4 years.
Paid interest on his SL while OE'ing.
Came home, settled back down and saved for 3 or 4 years and bought in Hamilton.
Got our first Grandchild this year.

So, seen Sth America, America, Asia, UK and Europe.
Has no SL now.

So what's your problem with the young'uns today?

how old is your oldest now then?

lakeview3 - 2021-08-09 18:36:00

lakeview3 wrote:

There were no property developers, investors, speculators

You are kidding aren't you? there has always been investors, developers and speculators.
First flat I lived in up here was one of twenty owned by the same owner and he was not a BBer.

maddie44 - 2021-08-09 18:36:00

smallwoods wrote:

LOL, great at asking, but won't give a simple answer to the same question!

see post 131…..too slow my bro….

lakeview3 - 2021-08-09 18:36:00

maddie44 wrote:

You are kidding aren't you? there has always been investors, developers and speculators.
First flat I lived in up here was one of twenty owned by the same owner and he was not a BBer.

they were there but not in the same numbers

lakeview3 - 2021-08-09 18:37:00

heather902 wrote:

My 29 year old bought this year, Your kids have not missed the boat at all, if they have good earning potential you should be encouraging them, they have as much chance as any other young person. For sure, work with what you have, don’t feed the negativity because it’s hard enough for young people to get into the mindset of saving.

I am encouraging them, I save my true thoughts for the MB

lakeview3 - 2021-08-09 18:43:00

lakeview3 wrote:

they were there but not in the same numbers

BS, you just didn't notice. As for developers and speculators I remember as a child watching as the older houses in the street we lived were replaced with units as developers bought up the homes on bigger sections. How did all those houses in Auckland get built in the 70's if there were no speculators and developers.?

It is harder today, the difference between wages and house prices is huge, I don't see anyone denying that, but it is not impossible to achieve if it is what they want and work towards that goal
There are many factors involved in this not simply the fault of my generation. as you try to claim.

Edited by maddie44 at 6:47 pm, Mon 9 Aug

maddie44 - 2021-08-09 18:45:00

maddie44 wrote:

BS, you just didn't notice. As for developers and speculators I remember as a child watching as the older houses in the street we lived were replaced with units as developers bought up the homes on bigger sections. How did all those houses in Auckland get built in the 70's if there were no speculators and developers.?

It is harder today, the difference between wages and house prices is huge, I don't see anyone denying that, but it is not impossible to achieve if it is what they want and work towards that goal
There are many factors involved in this not simply the fault of my generation. as you try to claim.

are you not amazed at just how much harder things got after certain generations came of age though? Look at what happened from 1984 onwards…..that’s when the decline started. If you were of age before then, you were indeed luckier.

lakeview3 - 2021-08-09 18:50:00

Anyhoo I am off to light the fire…..instead of being a stingy bum and not lighting it like I did last night ????

lakeview3 - 2021-08-09 18:51:00

lakeview3 wrote:

you reckon?

https://www.trademe.co.nz/a/property/residential/lifestyle-p
roperty/manawatu-whanganui/tararua/eketahuna/listing/3205636
101

How long before the country starts to look like this in parts. Guess it wouldnt pass the building code though, back to garages, cars, bridges and motels then.
https://www.iied.org/why-we-do-slum-profiles

mkr_ahearn - 2021-08-09 19:03:00