$945K
| # | Post |
|---|---|
| 1 | is what a first home buyer (couple) paid for their first house here in Hamilton..so crazy..wonder if they have a huge deposit (like more than 20%) cathi - 2021-07-19 15:52:00 |
| 2 | My parents used to say (cryptically) "don't run before you can walk, but when you can run, run like the wind" Edited by perfectimages at 4:01 pm, Mon 19 Jul perfectimages - 2021-07-19 15:59:00 |
| 3 | We paid $12,000 for our first house. We had a 30 year mortgage, paying it off at $11 per week. I decided that was cheaper than paying rent for 30 years and then not having a house. trade4us2 - 2021-07-19 17:58:00 |
| 4 | trade4us2 wrote:
how many years ago was that? cathi - 2021-07-19 18:00:00 |
| 5 | 1955? ash4561 - 2021-07-19 18:37:00 |
| 6 | Great, and in 30 years time that house will be worth 2 million, so long as it's not built on a swamp. msigg - 2021-07-19 18:38:00 |
| 7 | Great, and in 30 years time that house will be worth 2 million, so long as it's not built on a swamp. msigg - 2021-07-19 18:38:00 |
| 8 | cathi wrote: Why do you assume first home buyers are poor? sparkychap - 2021-07-19 18:56:00 |
| 9 | sparkychap wrote:
its a crazy amount of money even with a 20% deposit..... cathi - 2021-07-19 18:59:00 |
| 10 | cathi wrote:
50. We bought another house that is now worth $3 million. trade4us2 - 2021-07-19 19:23:00 |
| 11 | trade4us2 wrote:
Housing $947,107.20 in quarter 1 of 2021 sweetgurl108 - 2021-07-19 19:44:00 |
| 12 | sweetgurl108 wrote:
Yep. Just be sold earlier this year for $915k. smallwoods - 2021-07-19 22:05:00 |
| 13 | We also bought another house as well, so the original $12K has turned into $4M. And I put only $4K deposit into the first house, after selling my car. trade4us2 - 2021-07-19 22:20:00 |
| 14 | Wow, that is a lot of money. lovelurking - 2021-07-19 22:33:00 |
| 15 | trade4us2 wrote: Edited by perfectimages at 10:48 pm, Mon 19 Jul perfectimages - 2021-07-19 22:43:00 |
| 16 | cathi wrote: not unusual in Hamilton, first home buyers in Hamilton are quite affluent, they generally have big kiwisaver amounts, big savings, some get gifts from bank of mum and dad and have the income to service $800k+ mortgages without a blink. gabbysnana - 2021-07-20 09:19:00 |
| 17 | remember all those 'liar loans' which helped bring down Freddie & Fanny? funkydunky - 2021-07-20 09:29:00 |
| 18 | perfectimages wrote:
Land prices started to rise after some really stupid people introduced the Metropolitan Urban Limit. Experts told them it was a bad idea but they were ignored. Why do we have so many stupid people running Councils and government? trade4us2 - 2021-07-20 11:19:00 |
| 19 | trade4us2 wrote: No, no. It's all those mysterious "speculators". Never seen, but blamed for everything the glorious leaders stuff up. pcle - 2021-07-20 12:41:00 |
| 20 | gabbysnana wrote:
Where did you get these 'facts' from? blands70 - 2021-07-21 10:11:00 |
| 21 | blands70 wrote: doing it for 20 years. gabbysnana - 2021-07-23 16:53:00 |
| 22 | cathi wrote:
You can get cheaper than that in Auckland so I’m assuming you could too in Hamilton. heather902 - 2021-07-23 17:33:00 |
| 23 | gabbysnana wrote:
What, making things up? blands70 - 2021-07-23 17:36:00 |
| 24 | heather902 wrote:
Prices definitely are crazy (2-bedroom duplex ex-state house in my area sold for $750k) but yes you can definitely get cheaper than 945 (and cheaper than 750 too, for that matter). blands70 - 2021-07-23 17:37:00 |
| 25 | My eyes were raised recently when a five-year-old 4-bedroomed house on a small section in my city (Palmerston North) sold for over a million dollars. My own house, 191 square metres and 3 bedrooms also on a small section, has a sales estimate of around $900,000. This is ridiculous. We paid $445,000 for it six years ago when it was six years old. My daughter and her husband have just sold their home in the suburbs of Los Angeles. A 3,500 square feet home (they don't do metres over there), five bedrooms, four bathrooms, beautifully appointed double-storey house, only six years old. They got just over a million for it. Yes I know that is American dollars, but they EARN American dollars so ... They have purchased a 6,500 square foot home on the East Coast of the USA - five bedrooms, five bathrooms, a basement which can be converted into a fully self-contained apartment, an attic ready to convert into whatever they like, two floors of living area, half an acre of land, for just over a million US bucks. When I told her what houses are going for here she was gobsmacked. Something is really out of whack here. I don't think it can last. Edited by kitty179 at 5:40 pm, Fri 23 Jul kitty179 - 2021-07-23 17:38:00 |
| 26 | heather902 wrote:
oh you can for sure.we had 2 houses in our street sell in the last week for around $700k I certainly would not call $945k an entry level house here cathi - 2021-07-23 17:40:00 |
| 27 | cathi wrote:
Still, if you can afford a $945k house then why settle for less, even if it is a first home. There's plenty of young people earning good money, and plenty of older first time buyers too. blands70 - 2021-07-23 17:43:00 |
| 28 | cathi wrote:
Actually I’ve had a quick look and it’s hard to find anything other than 2 bedroom appartments for $750k it seems 3 beds are pretty scarce people just aren’t selling. It’s too risky. heather902 - 2021-07-23 17:48:00 |
| 29 | cathi wrote: What makes you think that first time buyers should only buy entry level houses? sparkychap - 2021-07-23 17:48:00 |
| 30 | Edited by heather902 at 5:55 pm, Fri 23 Jul heather902 - 2021-07-23 17:54:00 |
| 31 | trade4us2 wrote:
$11 a week on a $12,000 house is like $900 a week on a $945,000 house. But. What were you earning a week back then? Rent seems to be 1/1000 PW of the value of the house around here. So the same. Edited by marte at 6:34 pm, Fri 23 Jul marte - 2021-07-23 18:32:00 |
| 32 | marte wrote: trade4us2 - 2021-07-23 19:58:00 |
| 33 | This message was deleted. gunna-1 - 2021-07-24 03:59:00 |
| 34 | gunna-1 wrote:
I think its people that are the cause of this..... heather902 - 2021-07-24 10:09:00 |
| 35 | heather902 wrote:
and how much would you need to spend to do it up and then selling it for enough to make a profit cathi - 2021-07-24 10:32:00 |
| 36 | cathi wrote:
Thats not whats happening in Auckland any longer, developers buy bigger properties remove the houses and put up appartments. Houses like i linked become more valuable as there are fewer and fewer freestanding homes with gardens available. That will be bought as an investment most likely and given a lick of paint at most. heather902 - 2021-07-24 11:21:00 |
| 37 | heather902 wrote:
$879 for that dump?! Didn't even bother giving it a hoover out!!! tygertung - 2021-07-24 13:09:00 |
| 38 | The member deleted this message. gunna-1 - 2021-07-24 13:27:00 |
| 39 | gunna-1 wrote: Two more years at least. And I bet it’ll be another three glorious years of failure after that. pcle - 2021-07-24 13:38:00 |
| 40 | The member deleted this message. gunna-1 - 2021-07-24 13:44:00 |
| 41 | gunna-1 wrote:
Vote for the Green Party! tygertung - 2021-07-24 23:10:00 |
| 42 | If only there was a party that cared about the environment! pcle - 2021-07-25 07:28:00 |
| 43 | tygertung wrote: they are the ones driving the toilet changes…. They don’t care about the environment, they only care about legalising dope, erasing the word woman, and taking everything you have ever worked for off you and giving it to cry bullies who sit around in their parents basement wondering how the person on the top of the mountain got there. lakeview3 - 2021-07-25 08:08:00 |
| 44 | pcle wrote: if only there was a party that cared about all people lakeview3 - 2021-07-25 08:08:00 |
| 45 | The member deleted this message. gunna-1 - 2021-07-25 13:31:00 |
| 46 | The member deleted this message. gunna-1 - 2021-07-25 13:56:00 |
| 47 | cathi wrote: is that all? spead - 2021-08-01 16:58:00 |
