If I sold my house, paid my mortgage off, lawyers etc I would have about $175K so where could I go? No bridges nearby to live under . . .
Any brilliant, or even not so brilliant, ideas welcome.
TIA

nonumbers - 2020-09-09 15:58:00

Buy a motorhome...then you could have a home by the sea, in the bush, in the city, in the country...wherever you felt inclined to stay at any one time. Lots of places are free, you can check in to a caravan park every few days to do your washing.

seaqueen - 2020-09-09 16:36:00

We did it earlier this year. Sold up in Nelson and bought on the West Coast. Still decent houses around here for under $200K. It's a bit relief to be mortgage free heading into retirement

kateley - 2020-09-09 16:38:00

just spend the 175k and then the council will put you up in one of their council flats or go to WINZ.

differentthings - 2020-09-09 16:40:00

Given where interest rates are at now, and if you have no other income I think you can get accommodation supplement on super - you may well be better staying with the mortgage

lissie - 2020-09-09 16:41:00

lissie wrote:

Given where interest rates are at now, and if you have no other income I think you can get accommodation supplement on super - you may well be better staying with the mortgage

Good thinking, and also people can think of ways to increase their income. A target of $50 a week should not be too difficult for many, might need thinking outside the square. One retired person I know rented a room to an out of town commuter Monday night to Friday morning. No meals or washing involved apart from bedding and towels.

artemis - 2020-09-09 17:20:00

artemis wrote:

Good thinking, and also people can think of ways to increase their income. A target of $50 a week should not be too difficult for many, might need thinking outside the square. One retired person I know rented a room to an out of town commuter Monday night to Friday morning. No meals or washing involved apart from bedding and towels.

Might not be much call for that in Tokoroa/Putaruru (based on OP's profile info).

luteba - 2020-09-09 17:30:00

This message was deleted.

kittycatkin - 2020-09-09 17:39:00

I know a lady who sold her house and got offered a brand new 2bedroom housing corp house a year later .Really pissed me off.

joey2221 - 2020-09-09 17:48:00

This message was deleted.

kittycatkin - 2020-09-09 17:57:00

I know a couple who want to retire in Thailand or somewhere with cheap living,

christin - 2020-09-09 17:58:00

kittycatkin wrote:

Good luck with trying that one on now, under Labour the waiting list is three times longer than it was, and still growing.

This was under 1year ago

joey2221 - 2020-09-09 18:01:00

I know an old lady who lived in a shoe.

sparkychap - 2020-09-09 18:22:00

christin wrote:

I know a couple who want to retire in Thailand or somewhere with cheap living,

That's all fine and dandy until they become ill and need serious medical assistance, finding its either not available or very, very expensive.

sparkychap - 2020-09-09 18:24:00

Thanks for the ideas peeps. Thailand is out - too grumpy and doddery; don't think council /flats houses are available here unless you are on the bare bones of your backside and homeless.
I tried for accommodation supplement but have too much savings despite being in negative equity - loan and credit card although both under control.
The camper van is possible but where would my garden grow, plus there are cats! - yeah, I know . . .

nonumbers - 2020-09-09 18:28:00

They don't. They keep working, they might get a council flat if they are lucky and live fortnight to fortnight.

sw20 - 2020-09-09 19:26:00

sparkychap wrote:

I know an old lady who lived in a shoe.

Until she swallowed a fly.

apollo11 - 2020-09-09 19:43:00

nonumbers wrote:

Thanks for the ideas peeps. Thailand is out - too grumpy and doddery; don't think council /flats houses are available here unless you are on the bare bones of your backside and homeless.
I tried for accommodation supplement but have too much savings despite being in negative equity - loan and credit card although both under control.
The camper van is possible but where would my garden grow, plus there are cats! - yeah, I know . . .

Might be some cheap property going in Bluff and Invers pretty soon.

apollo11 - 2020-09-09 19:44:00

The property might become cheaper in Bluff and Invers but the rates will be sky high thanks to our city partnering in the new build of a mall in the centre of town. Starting to make smaller towns in the South Island look very attractive.

strathview - 2020-09-09 20:08:00

strathview wrote:

The property might become cheaper in Bluff and Invers but the rates will be sky high thanks to our city partnering in the new build of a mall in the centre of town. Starting to make smaller towns in the South Island look very attractive.

How much are you paying in rates?

apollo11 - 2020-09-09 20:12:00

joey2221 wrote:

I know a lady who sold her house and got offered a brand new 2bedroom housing corp house a year later .Really pissed me off.

makes you wonder why you bother working or saving money eh....

I was reading about some guy this morning running for parliament, currently he’s unemployed, living with his parents and getting over $600 a week benefit.....I mean WTAF???? No wonder some people don’t work with that kind of money coming in for doing absolutely nothing.

lakeview3 - 2020-09-09 20:28:00

He's obviously smart enough to know where to go to really sponge off the system.

apollo11 - 2020-09-09 20:32:00

apollo11 wrote:

How much are you paying in rates?

You first......

strathview - 2020-09-09 20:38:00

kittycatkin wrote:

I would think very seriously about selling the house unless the mortgage is unaffordable.

But if you could find a cheap little house that would leave you mortgage free, it might be different.

I am not retired, but am mortgage free and have been for some years thanks to a legacy.

Increasing the mortgage payments even by a small amount is a good idea and makes a surprising difference to the time it takes to pay it off.

.

nzkiwisnz - 2020-09-09 20:41:00

lakeview3 wrote:

makes you wonder why you bother working or saving money eh....

I was reading about some guy this morning running for parliament, currently he’s unemployed, living with his parents and getting over $600 a week benefit.....I mean WTAF???? No wonder some people don’t work with that kind of money coming in for doing absolutely nothing.

Would you post a link to that. I was told by WINZ that around $420 was the maximum a single beneficiary could get and that included the main benefit and all the maximum add ons, i.e., Disability Allowance, Accommodation Supplements, and Temporary Additional Support.

mazalinas - 2020-09-09 20:43:00

lakeview3 wrote:

makes you wonder why you bother working or saving money eh....

I was reading about some guy this morning running for parliament, currently he’s unemployed, living with his parents and getting over $600 a week benefit.....I mean WTAF???? No wonder some people don’t work with that kind of money coming in for doing absolutely nothing.

where did you read that? why would anyone disclose their income?
but if its true yes very little incentive to work when you could run a little side operation with all that free time.

Edited by heather902 at 8:51 pm, Wed 9 Sep

heather902 - 2020-09-09 20:44:00

nonumbers wrote:

If I sold my house, paid my mortgage off, lawyers etc I would have about $175K so where could I go? No bridges nearby to live under . . .
Any brilliant, or even not so brilliant, ideas welcome.
TIA

Do you want to sell your house and move?
If not, would you be able to get a boarder/flatmate in to help with your finances?

mazalinas - 2020-09-09 20:45:00

heather902 wrote:

where did you read that? who would anyone disclose their income?

Obvs "some guy" did, lol

Edited by sparkychap at 8:46 pm, Wed 9 Sep

sparkychap - 2020-09-09 20:46:00

Just talking to a guy today, sold his home and bought a brand new 25' caravan which he towed to a motorcamp that has permanent residents

stevo2 - 2020-09-09 20:55:00

strathview wrote:

You first......

$1800 rural.

apollo11 - 2020-09-09 21:26:00

https://www.stuff.co.nz/national/122667603/unemployed-firstt
ime-voter-vies-for-hamilton-seat-in-parliament

Here is the link to the story of the unemployed man lakeview3 was talking about.

looloo33 - 2020-09-09 21:30:00

I'd love a yacht, but even a see-saw ride is enough to make my wife 'yawn in technicolour'

apollo11 - 2020-09-09 21:31:00

heather902 wrote:

where did you read that? why would anyone disclose their income?
but if its true yes very little incentive to work when you could run a little side operation with all that free time.

https://www.stuff.co.nz/national/122667603/unemployed-firstt
ime-voter-vies-for-hamilton-seat-in-parliament

Link to story.

looloo33 - 2020-09-09 21:31:00

looloo33 wrote:

https://www.stuff.co.nz/national/122667603/unemployed-firstt
ime-voter-vies-for-hamilton-seat-in-parliament

Link to story.

Oh dear God.

heather902 - 2020-09-09 21:39:00

heather902 wrote:

Oh dear God.

He's managed to have three kids he can't look after, and wants to help beneficiaries maximise their 'earning potential'. He's obviously parliamentary material.

apollo11 - 2020-09-09 21:48:00

apollo11 wrote:

How much are you paying in rates?

Minimums like $1600. & $2000 is higher up, but that's depending on the rateable value.
Was $555 in 1998...

That's Inc rubbish bins & standard water rates,
Then there's $110+ for regional rates, which isn't ICC rates.

Ohai rates are even higher, $2100+

Edited by marte at 10:35 pm, Wed 9 Sep

marte - 2020-09-09 22:32:00

How did you manage to retire?
I often talk about it but no-one takes any notice.

masturbidder - 2020-09-09 22:40:00

looloo33 wrote:

https://www.stuff.co.nz/national/122667603/u
nemployed-firsttime-voter-vies-for-hamilton-seat-in-parliame
nt

Here is the link to the story of the unemployed man lakeview3 was talking about.

Thanks.
The article says "He receives $680 per week on his jobseeker's support benefit which he said goes to rent, power, fuel, food – he shares custody of two children..."
Maybe he gets that amount as he has shared custody of two of his children however the article says he lives with with his brother and parents - no mention of children. Weird - I've never heard of anyone getting that amount or anywhere near it on Jobseeker Support.

mazalinas - 2020-09-09 22:57:00

apollo11 wrote:

He's obviously smart enough to know where to go to really sponge off the system.

not only that, he helps other people get ‘what they are entitled to’ as well.

https://www.stuff.co.nz/national/122667603/unemployed-firstt
ime-voter-vies-for-hamilton-seat-in-parliament

And it was $680 per week that he gets.....

lakeview3 - 2020-09-09 23:35:00

looloo33 wrote:

https://www.stuff.co.nz/national/122667603/u
nemployed-firsttime-voter-vies-for-hamilton-seat-in-parliame
nt

Here is the link to the story of the unemployed man lakeview3 was talking about.

thanks. Gobsmacking innit?

I must admit as I limped down the road in pain the other day at 12.30pm dropping something off for work and and car load of yobs drove past waving their Cody’s cans out the window I thought to myself - WTAF am i doing????

lakeview3 - 2020-09-09 23:38:00

strathview wrote:

You first......

we pay nearly $4000 in rates for a standard house with 2 bathrooms. Furthermore our council is in debt up to their eyeballs because they spend with impunity and seem to lack all understanding of how flipping hard one has to work just to pay their flipping rates

lakeview3 - 2020-09-09 23:40:00

mazalinas wrote:

Thanks.
The article says "He receives $680 per week on his jobseeker's support benefit which he said goes to rent, power, fuel, food – he shares custody of two children..."
Maybe he gets that amount as he has shared custody of two of his children however the article says he lives with with his brother and parents - no mention of children. Weird - I've never heard of anyone getting that amount or anywhere near it on Jobseeker Support.

thats more money than some people get working a full time job.....I find it unbelievable myself, but seemingly he ‘knows his rights’ and advocates for other people to WINZ.

Father of 2, living with his parents, no job, creaming the system, what a friggen role model.????

Edited by lakeview3 at 11:47 pm, Wed 9 Sep

lakeview3 - 2020-09-09 23:46:00

sparkychap wrote:

Obvs "some guy" did, lol

oh look.....I don’t make stuff up

https://www.stuff.co.nz/national/122667603/unemployed-firstt
ime-voter-vies-for-hamilton-seat-in-parliament

lakeview3 - 2020-09-09 23:49:00

If you don't need a job, the West Coast or parts of Southland are the places to go. https://www.trademe.co.nz/a/property/residential/sale/west-c
oast/grey/search?bof=mvDhC7Hd&price_max=200000

webworth - 2020-09-10 00:57:00

That article is almost unbelievable, that someone could have such little moral compass that they think nothing wrong of sharing with the world how much they 'earn' on the benefit, and with this statement 'I guess I haven't found anything I’m passionate enough to deal with the numbs of that job, or the effort for what I’m getting paid.' this really pees me off! So he 'chooses' not to work and the Govt allows this and pays for his lifestyle?

What he is 'earning' is more than many working full time on minimum/low paid jobs earn. I guess he's right, why would you bother putting in any effort to a job when you can sit at home getting $680 a week for free.

It is almost unbelievable, but does highlight a need to sort out people like him, who just simply can't be bothered working, rather than can't.

rhys12 - 2020-09-10 05:52:00

This message was deleted.

andrew697 - 2020-09-10 06:11:00

Last year, one could buy an ex-rental house in Taumarunui, with a full section for $140,000. Grow your own greens and live comfortably on your pension. Yesterday. I checked but found that there were no longer any listings at this price.

aklreels - 2020-09-10 06:57:00

Move to the west coast. Beautiful down there and a number of houses in your budget.

pleco - 2020-09-10 07:07:00

Some "poo"r folks never retire, they literally work until they die. Others have been retired their entire life. All the best for the future nonumbers.

mkr_ahearn - 2020-09-10 07:16:00

"poor"

mkr_ahearn - 2020-09-10 07:35:00