| 151 | mkr_ahearn wrote:
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 It won't because that would satisfy the powers that be that you have a place to stay. To get help you must be under a bridge or in a car. maddie44 - 2021-08-09 19:07:00 |
| 152 | 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. ???? ???????? ???? Your ageism is showing, again... |
| 153 | lovelurking wrote:
???? ???????? ???? Your ageism is showing, again... or yours is? ???????????? lakeview3 - 2021-08-09 19:14:00 |
| 154 | lakeview3 wrote:
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. ???? ???? Oh look, another ageist comment... |
| 155 | lovelurking wrote:
???? ???? Oh look, another ageist comment... is it? I was around then….am I being ageist against myself? ???????????? Edited by lakeview3 at 7:18 pm, Mon 9 Aug lakeview3 - 2021-08-09 19:18:00 |
| 156 | lakeview3 wrote:
is it? I was around then….am I being ageist against myself? ???????????? ???? I’m not sure, I find your logic illogical... ???? |
| 157 | lovelurking wrote:
???? I’m not sure, I find your logic illogical... ???? then you missed my point????????????????? lakeview3 - 2021-08-09 19:46:00 |
| 158 | lovelurking wrote:
???? I’m not sure, I find your logic illogical... ???? I think she's saying that because she's old, she can't be ageist. sparkychap - 2021-08-09 19:52:00 |
| 159 | lakeview3 wrote:
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. Was it? My parents helped a brother and sister of mine out buying a home before 1984 because they earn't too much for HNZ loan but couldn't get a big enough deposit on their own. The only reason either of them got a home was because of those developers that you keep putting down building a huge amount of homes to supply the demand. maddie44 - 2021-08-09 19:59:00 |
| 160 | sparkychap wrote:
I think she's saying that because she's old, she can't be ageist. I prefer to call myself a realist thank you ???? lakeview3 - 2021-08-09 20:00:00 |
| 161 | maddie44 wrote:
Was it? My parents helped a brother and sister of mine out buying a home before 1984 because they earn't too much for HNZ loan but couldn't get a big enough deposit on their own. The only reason either of them got a home was because of those developers that you keep putting down building a huge amount of homes to supply the demand. well I bought my house in 93…….so…..if your brother and sister had saved a bit longer….they still woild have been alright…… lakeview3 - 2021-08-09 20:02:00 |
| 162 | lakeview3 wrote:
well I bought my house in 93…….so…..if your brother and sister had saved a bit longer….they still woild have been alright…… The same as people now? Bit of a contradiction to all your other posts maddie44 - 2021-08-09 20:07:00 |
| 163 | maddie44 wrote:
The same as people now? Bit of a contradiction to all your other posts um no…..point being they still had years from 84 to 93 when I bought my first house……interesting your parents helped then though….when I bought my place most people never had parental help, didn’t need to because you know, house prices were relevant to income. Bit different when the average house back then was 3 times income as opposed to 12 times like now. Edited by lakeview3 at 9:04 pm, Mon 9 Aug lakeview3 - 2021-08-09 21:02:00 |
| 164 | lakeview3 wrote:
um no…..point being they still had years from 84 to 93 when I bought my first house……interesting your parents helped then though….when I bought my place most people never had parental help, didn’t need to because you know, house prices were relevant to income. Bit different when the average house back then was 3 times income as opposed to 12 times like now.
Most people? How do you now what most people had, according to you most BBers were brought up in HNZ homes and then had HNZ mortgages yet I can't think of anyone I know that fits your generalisation. maddie44 - 2021-08-09 21:19:00 |
| 165 | maddie44 wrote:
Most people? How do you now what most people had, according to you most BBers were brought up in HNZ homes and then had HNZ mortgages yet I can't think of anyone I know that fits your generalisation. anyone born before me had a decent crack at the housing market - is that simple enough for you to understand without twisting it all around. lakeview3 - 2021-08-09 21:27:00 |
| 166 | lakeview3 wrote:
anyone born before me had a decent crack at the housing market - is that simple enough for you to understand without twisting it all around. Don't you know? It is easier than ever to buy a house. Much easier than it was 13 years ago. tygertung - 2021-08-09 21:39:00 |
| 167 | tygertung wrote:
Don't you know? It is easier than ever to buy a house. Much easier than it was 13 years ago. oh no don’t be silly! It was sooooooooooooo much harder when I bought my first place nearly 30 years ago and oooooooh the interest rates and ooooooooh I worked soooooooooo much harder than the young ones these days with all their smaaaaart phones and avocados and toast. lakeview3 - 2021-08-09 21:47:00 |
| 168 | lakeview3 wrote:
anyone born before me had a decent crack at the housing market - is that simple enough for you to understand without twisting it all around. I am not twisting anything around, simply stating my observations and different views of the many problems involved with the housing problems now. They include more than your generalised versions of babyboomers and that baby boomers are to blame.
If all people born before you had a decent crack at the housing market why did they not all own a house? Because there will always be people who will never achieve home ownership, a percentage of them is due to their own choices. maddie44 - 2021-08-09 22:02:00 |
| 169 | lakeview3 wrote:
oh no don’t be silly! It was sooooooooooooo much harder when I bought my first place nearly 30 years ago and oooooooh the interest rates and ooooooooh I worked soooooooooo much harder than the young ones these days with all their smaaaaart phones and avocados and toast. It is funny I have never seen anyone post that. You post it saying that others do.
Do you think the lack of saving, lifestyle and spending choices of some of the 20 -30 year olds is holding them back from being able to purchase a home? Edited by maddie44 at 10:06 pm, Mon 9 Aug maddie44 - 2021-08-09 22:05:00 |
| 170 | The member deleted this message. hound31 - 2021-08-09 22:08:00 |
| 171 | lakeview3 wrote:
how old is your oldest now then? Now 30
House is nearly 50% paid off Edited by smallwoods at 10:28 pm, Mon 9 Aug smallwoods - 2021-08-09 22:27:00 |
| 172 | lakeview3 wrote:
see post 131…..too slow my bro…. Good god, my missing sister! smallwoods - 2021-08-09 22:29:00 |
| 173 | lakeview3 wrote:
um no…..point being they still had years from 84 to 93 when I bought my first house……interesting your parents helped then though….when I bought my place most people never had parental help, didn’t need to because you know, house prices were relevant to income. Bit different when the average house back then was 3 times income as opposed to 12 times like now. Oh, so ALL houses are 12 times their buyers income then? Our first house was 4 times my income in '88 Edited by smallwoods at 10:35 pm, Mon 9 Aug smallwoods - 2021-08-09 22:34:00 |
| 174 | lakeview3 wrote:
oh no don’t be silly! It was sooooooooooooo much harder when I bought my first place nearly 30 years ago and oooooooh the interest rates and ooooooooh I worked soooooooooo much harder than the young ones these days with all their smaaaaart phones and avocados and toast. NOW you are catching on.
They are wanna wanna's smallwoods - 2021-08-09 22:37:00 |
| 175 | Back in '08 the houses were more reasonably priced compared to one's wages. Now the difference is quite terrifying. tygertung - 2021-08-10 08:17:00 |
| 176 | tygertung wrote:
Back in '08 the houses were more reasonably priced compared to one's wages. Now the difference is quite terrifying. And the interest rates were what? 8% instead of 3%? And the loan term 20yrs not 35yrs? Edited by pcle at 8:51 am, Tue 10 Aug pcle - 2021-08-10 08:41:00 |
| 177 | pcle wrote:
And the interest rates were what? 8% instead of 3%? And the loan term 20yrs not 35yrs? lol you do realise why Loan Terms are so much longer now than back then…? sparkychap - 2021-08-10 09:18:00 |
| 178 | sparkychap wrote:
lol you do realise why Loan Terms are so much longer now than back then…?
Well duh - try some numbers:
$1,000,000 @3% for 30yrs = $4,217 per month.
$1,000,000 @7% for 25yrs = $7,068 per month. Poor little snowflakes have it so much easier now. And they still whine about it. That's why they're snowflakes. pcle - 2021-08-10 09:47:00 |
| 179 | The member deleted this message. sparkychap - 2021-08-10 09:50:00 |
| 180 | Well, d'uh, try some REAL numbers. Median House Price in 2008 = $ 349K. in 2021 = $ 725K 2021 = $ 725K @ 3% for 30 years = $ 3,057
2008 = $ 349K @ 7% for 25 years = $ 2,467 sparkychap - 2021-08-10 10:08:00 |
| 181 | And if you actually compared the same loan period: Median House Price in 2008 = $ 349K. in 2021 = $ 725K 2021 = $ 725K @ 3% for 25 years = $ 3,438
2008 = $ 349K @ 7% for 25 years = $ 2,467 sparkychap - 2021-08-10 10:17:00 |
| 182 | pcle wrote:
And the interest rates were what? 8% instead of 3%? And the loan term 20yrs not 35yrs? Didn't much matter if the interest rates were 9.25%, as the house was $250k instead of probably $650k for the same thing. tygertung - 2021-08-10 10:20:00 |
| 183 | And the loan term was 40 years I think, but you can pay it at a higher rate don't you know. tygertung - 2021-08-10 10:21:00 |
| 184 | sparkychap wrote:
Well, d'uh, try some REAL numbers. Median House Price in 2008 = $ 349K. in 2021 = $ 725K 2021 = $ 725K @ 3% for 30 years = $ 3,057
2008 = $ 349K @ 7% for 25 years = $ 2,467 So an extra $590 per month to pay.
And average salary: 2008 $43K, 2021 $55K.
Though a lot more tax to pay in 2021.
Perhaps cutting back to only one avo on toast a week will cover it? pcle - 2021-08-10 12:54:00 |
| 185 | pcle wrote:
So an extra $590 per month to pay.
And average salary: 2008 $43K, 2021 $55K.
Though a lot more tax to pay in 2021.
Perhaps cutting back to only one avo on toast a week will cover it? No they already cut that out on order to save the $145k deposit they now have to save to even get in the game…. But back to the discussion, the longer terms aren’t there to make it easier for borrowers, for most it’s the only way banks can make the numbers work. sparkychap - 2021-08-10 13:20:00 |
| 186 | sparkychap wrote:
But back to the discussion, the longer terms aren’t there to make it easier for borrowers, for most it’s the only way banks can make the numbers work.
But it is to make the numbers work for the buyer. Longer loan period lower monthly repayments -smaller deposit needed to meet criteria. That was one of the things that made it hard for us back when, they would only use hubbies 40 hour wage in their calculations which meant we had to have close to a 50% deposit to meet their repayments criteria. maddie44 - 2021-08-10 13:28:00 |
| 187 | although we have a good amount of equity on our house..for what we want for our next place we would be looking at 300k plus mortgage and while that may seen relatively small these days....we would be really pushing it and we dont really want a 30 year mortgage in our mid 40s cathi - 2021-08-10 13:34:00 |
| 188 | Exactly - it’s the only way that it can work for many borrowers today. That’s the only reason for them, not because the banks want to be nice. But comparing a $1m house in 2008 to today to try and show it costa less today is obviously an attempt to mislead. sparkychap - 2021-08-10 13:35:00 |
| 189 | cathi wrote:
although we have a good amount of equity on our house..for what we want for our next place we would be looking at 300k plus mortgage and while that may seen relatively small these days....we would be really pushing it and we dont really want a 30 year mortgage in our mid 40s we are in the same situation. annie17111 - 2021-08-10 14:46:00 |
| 190 | sparkychap wrote:
No they already cut that out on order to save the $145k deposit they now have to save to even get in the game…. But back to the discussion, the longer terms aren’t there to make it easier for borrowers, for most it’s the only way banks can make the numbers work. Welcome to the effects of inflation. The sneaky tax. The Government destroying our wealth and making us all poorer. But it's less than 2%pa - yeah right. pcle - 2021-08-11 08:14:00 |
| 191 | pcle wrote:
Welcome to the effects of inflation. The sneaky tax. The Government destroying our wealth and making us all poorer. But it's less than 2%pa - yeah right. And that "wealth" is caused by *tada* inflation! sparkychap - 2021-08-11 09:44:00 |
| 192 | lakeview3 wrote:
why don’t you put things in context by telling us how much your first house cost and what year this was. Also please consider the fact your wife , having trained as a nurse, would have had all her training, accommodation, and an allowance paid for, unlike a nurse today who ends up with a student debt. Allowance paid for? Actually they worked 6 days a week for what you call an allowance, apart from the weeks they were in school, and they also paid for their accommodation in the nurses home. inatiz - 2021-08-11 13:21:00 |
| 193 | And what will happen when the interest rates go back up to 10%? Or will they stay at 2% forever? tygertung - 2021-08-11 13:47:00 |
| 194 | inatiz wrote:
Allowance paid for? Actually they worked 6 days a week for what you call an allowance, apart from the weeks they were in school, and they also paid for their accommodation in the nurses home. No, no, no.
Don't correct LV of what she thinks she knows. What will happen to this thread? smallwoods - 2021-08-11 13:48:00 |
| 195 | inatiz wrote:
Allowance paid for? Actually they worked 6 days a week for what you call an allowance, apart from the weeks they were in school, and they also paid for their accommodation in the nurses home. good story but in reality: Students received instruction, a salary, and subsidised board. AHB student salaries in October 1972 were:
• First year students - $1865 per annum
• Second year - $2056
• Third year - $2321
• Fourth year - $2581
• Married male students - $2737; and, if aged 20 or over - $2837
Penal and overtime rates were additional. Those entering with a university degree started on third year rates and those with university entrance started at second year rates. Students received four weeks annual leave. Accommodation within the nurses’ home, inclusive of meals, was $8 per week rising to $12 in November 1974 (AHB, 1972/1974). Students choosing AHB accommodation had individual lockable rooms, shared bathroom facilities, weekly bed linen changes, access to personal laundry services, lounges, and telephone services. What this shows you is that nursing students were more than looked after, had their costs all covered while they trained and more disturbingly that if you were a male nurse, you were paid more. https://openrepository.aut.ac.nz/bitstream/handle/10292/1300
3/JohnsS.pdf?sequence=3&isAllowed=y Edited by lakeview3 at 5:08 pm, Wed 11 Aug lakeview3 - 2021-08-11 17:08:00 |
| 196 | Well I lucked out there. Started in 1974. $12 week accommodation!
And I'm not sure $35 a week (for a $40 hr week!) is all that much given that is no doubt pre tax, less $12 keep. And on top of that all very well feeding us but I don't think it was great. I do remember a major gasto event where some were collapsing in lines outside the toilets in queues and crapping themselves so many were ill in the middle of the night. bryalea - 2021-08-11 17:18:00 |
| 197 | bryalea wrote:
Well I lucked out there. Started in 1974. $12 week accommodation!
And I'm not sure $35 a week (for a $40 hr week!) is all that much given that is no doubt pre tax, less $12 keep. And on top of that all very well feeding us but I don't think it was great. I do remember a major gasto event where some were collapsing in lines outside the toilets in queues and crapping themselves so many were ill in the middle of the night. well it sure beats talking out a loan to pay for 3 years of your training, accommodation and food doesn’t it? lakeview3 - 2021-08-11 17:27:00 |
| 198 | lakeview3 wrote:
well it sure beats talking out a loan to pay for 3 years of your training, accommodation and food doesn’t it? Not necessarily. Some would be happy to get the loan to avoid some of the scenarios mentioned by bryalea! Could sound good in retrospect but if you were there you may have a different recollection of events. kitty179 - 2021-08-11 17:35:00 |
| 199 | maddie44 wrote:
I am not twisting anything around, simply stating my observations and different views of the many problems involved with the housing problems now. They include more than your generalised versions of babyboomers and that baby boomers are to blame.
If all people born before you had a decent crack at the housing market why did they not all own a house? Because there will always be people who will never achieve home ownership, a percentage of them is due to their own choices. Because ( nearly ) everybody said " Houses cost far too much, just wait untill the bottom falls out of the housing market & buy one then "
Like they still do.
In reality ( sic ) theres never been a better time to buy a house than now ( or a year ago )
In reality, i couldnt have bought that $70,000 house in the centre of Chch in 1990 because i couldnt afford a deposit on $14,000 a yr, even if my living cost was only $60 a week. marte - 2021-08-11 17:38:00 |
| 200 | kitty179 wrote:
Not necessarily. Some would be happy to get the loan to avoid some of the scenarios mentioned by bryalea! Could sound good in retrospect but if you were there you may have a different recollection of events. happy to get a loan over what? Having all your course costs, food and accommodation paid for? Hardly. lakeview3 - 2021-08-11 17:44:00 |
