Having a few passions in life is the difference between existing and living , I sure as hell don't want to wait till I'm 70 to start standing at the top of mountains with a few buddies scoping valleys of fresh powder to track ,and the way the Chinese are plundering the sea I definately wouldn't wait to buy a boat and expect to start catching marlin cos they might not be there in a few years.
besides when you lead a rockstar lifestyle chances are u won't make it that far anyway.

The way that I look at it is this:

Walu wrote: I'm happy with my boat/trailer and engine combo(250hrs), selection of new Shimano rods'reels and total Black Magic tackle, Prado tow vehicle. We will now relocate to Tauranga for a comfortable retirement to get away from Auckland and their mottley crew............I plan to work part time and go Fish'n with my Missus.........priority at the moment, is to find the correct abode that suits our lifestyle, as her professional career is transferable

the angler wrote: Having a few passions in life is the difference between existing and living , I sure as hell don't want to wait till I'm 70 to start standing at the top of mountains with a few buddies scoping valleys of fresh powder to track ,and the way the Chinese are plundering the sea I definately wouldn't wait to buy a boat and expect to start catching marlin cos they might not be there in a few years. besides when you lead a rockstar lifestyle chances are u won't make it that far anyway.

Yep
And there are 2  correct schools of thought
That above, which if us older guys where to be honest, we have done that over the yrs...most properly a few more times than once... maybe not a boat but a car, new kitchen, the bach...
Hell think about it.. we brought our 1st house in the early 70s... 24K... this one in the 90s 84K  and now GV  way over 500K

Then the other thought... one is older retirement is here or close, consolidating, clear debit.. and the value of the family home means squat...but debit does

But those younger guys that do 'cash in'  be very careful....dont get carried away
When we where doing this in the 70s thru to the 90s, we had inflation across the board that made our debit to asset ratio increase...and this inflations was across the board... wages , food everything.
The current trend is a isolated property bubble, on top of another bubble...and inflationary pressures in all the other markets, including wages is static... well wages is neg t static...
So do so but with long term caution.

Until you actually cash up, its only Monopoly money. Remember the "yuppies" of 1987 who spent up large on BMW's, Racehorses, Gold Coast condos and the 7 hour lunch all on the back of the "perceived" value of their inflated share portfolios? And remember how many of them lost their shirt when the excrement hit the ceiling fan...

Bought our house in 2001 ,burnt down three months later. New house built with extensions and alterations with a lot of hard work and sacrifices( twelve years & counting).Now a hell of a lot of equity or as the previous posts have said monopoly money. Have owned a 14 foot Fyran for the past 8 years which has served its purpose and some and when my kids get a bit older will definitely upgrade to something bigger. As previous posts have stated as long as you can service the debt that's fine but being cautious can definitely give you options in the future or if the poop hits the fan.     

All the banks minions! They need you to Borrow more so they can make more, pay off the mortgage! uou will be better off.

WHANGAPOA FISHER wrote: Bought our house in 2001 ,burnt down three months later. New house built with extensions and alterations with a lot of hard work and sacrifices( twelve years & counting).Now a hell of a lot of equity or as the previous posts have said monopoly money. Have owned a 14 foot Fyran for the past 8 years which has served its purpose and some and when my kids get a bit older will definitely upgrade to something bigger. As previous posts have stated as long as you can service the debt that's fine but being cautious can definitely give you options in the future or if the poop hits the fan.

But in the late 90s was the brain drain and everyone was leaving the country and saying last one out turn off the lights and house prices and rents were low and building slowed to a halt.Then 9/11 happened and two good governments and hot summers returned again with good fishing and now people realise what a lucky place to live.