Penty wrote:
Spectrum there is a term for this it is called 'inter-generational theft" becoming a very real issue in NZ... |
pompey wrote:
or, maybe because they worked for it, saved and went without. |
Penty wrote:
Spectrum there is a term for this it is called 'inter-generational theft" becoming a very real issue in NZ... |
Steps wrote:
Yep if one is of a younger generation , no doubt that point of view could be understood. But consider this....parents back then could not afford to help us into our 1st homes... so we worked long hrs, scraped together enough.. and back then brought something with no dishwasher, not garage , no paths, no gardens ... hell no bloody lawn.. no curtains and use sheets, and for a couch old banna boxes It was only when our parents died...usually when we our children where at school or later, and THEN we would get a little inheritance... considering it was divided more as they had more children back then. Basically it was hard work long hrs and had different priorities, like a home instead of a fancy car or phone BS And a little note to that, our son, dropped out of school...eventually got his head together.. and by the time he was about 23 owned his own home , married and a family... How ? well no bloody handouts that for sure... he commuted to Aussie and back.. 6 weeks on 6 days a week, 12 to 18 hrs a day.. back for a week with his family off again... and his wife also on the same page as him... Then another stint in Fiji, 3 months on remote mountains in the jungle in the Solmans and again in PNG. Funny not much different to me .. parants dead, grand parent dead.. nothing to my name... worked hard long hrs and by the time 22 brought my 1st home...nearly 50 yrs ago... If u REALLY want something...stop blaming others and circumstances... being a looser... get of your butt and do what u have to to get it...and sacrifice what u need to also. OH yeah thats right, thats what the baby boomers did... well those who have their homes, boats cars etc... a lot havnt. "inter-generational theft" Thats when there is a generation who expects things given to them on platter form those before them... who think inheritance is a right....who think as 'mature' grown up adults over 21 they have the right to expect handouts...and their parents should not be allowed to enjoy the returns of a lifetime of hard work....... thats the real theft. |
If you're under 30 and already got a mortgage then theres no harm in borrowing on your new found equity especially if you purchased your home recently and before the new valuations. In saying that the only thing you would need to consider is the servicability of the mortgage and can you still live comfortably.
Olfart wrote: You want an example? I worked two jobs full time - the first for 40 hours per week was my "day job" and I also put in 80 hours per week including all weekends doing commercial cleaning, just to scrape the deposit together to buy my first house. I did this for three years solid and the only breaks I took were a few of the statutory days over Xmas/New Year. Some of the cr*p I had to clean up after factory workers would make you spew, but I did this work so I could provide a reasonable home for my wife and child plus the second child which was on the way. Looking back I cannot believe how much we sacrificed to achieve our goal but I do not regret it for one instant. That is what we did in those days and you had to do this or you would never get your foot on the real estate ladder. So three years of struggle and I had a deposit for a house which led to - for those days - a hefty mortgage. Was this relevant to todays' financial climate? I would say so...... |
Spectrum wrote: [QUOTE=Steps][QUOTE=Penty][QUOTE=Spectrum] What a load of crap! how could you say a property investor works hard? some would not even see there houses after owning them for ten years. Then sell them for triple the price where is the hard work in that ? What a typical response from someone of your vintage saying we want every thing for nothing and don't know what hard work is. Take a step back and do the math, what did you pay for your first house and what was your hourly rate compare that tho the average young persons wage and cost of living these days and you will see a huge difference. I know what hard work is and going without, 80hr weeks hanging of a 9inch grinder for most of the day when its 45 degrees in the shade for 4 week straight no days off. I don't expect anything for nothing and could/would happily buy a house if it was not at an extortionate price only to pay for some speculators luxury curses and extravagant lifestyle in there twilight years. So tell me this how is speculating on property hard work and what good does it do for nz as a whole. |
Steps wrote:
u want to know what is a load of crap.. PPl who say "how could you say a property investor works hard?" When I NEVER EVEN mentioned Property investor But lets just go down this route since u have brought it up as an excuse. And lets just look at real stats here... yep easy to point the finger at a property investor when one hasnt a clue how it works A property investor poicks up a run down house at a fair current market price The then work their butts of similar to those on the block, not as much , similar, ripping kitchen , carpets , etc out. Then spend between 30 and 60 +K new kitchen bathrooms landscaping , fences etc. Then flick it on... so, at the end of the day after GST tax etc they make around 10 to 15K And to make a 'living' out of making crappy uninhabitable houses in to nice homes they have to turn over 10 or 12 houses a yr from a base risk investment of around 400 to 500K BUT the stats indicate the house my have sold for say 380K 6 months ago and its now sold for 460K Now if u brought a run down boat, and spent a lot of time and money bringing it back into a tidy usable state and re sold it on... in your books u are responsible for over priced boats right.. u are a speculator right , by your own definition So if the specuators are not going to make house habitiable again... what would the end result be? oh yeah huge slums....Housungf corp upgrade and maintain their stock... for that reason... so who is going to maintain the private home stock? the tax payer?... or doesnt it happen by magic? And gess what baby boomers 1st homes where run down houses, or mass produced boxes with no paths , basic fibro plank mass produced 90 sq m box Oh and the generation before... damn they struggled with a world war And those before.. oh yeah the soup kitchen line in the depression And the generation before... another world war And the younger "now" generation.. everything on tick , fancy car, partying, credit cards maxed, fancy pads, TVs, smart phones... on tick Except for those few who have old school attitudes, dont make excuses and just get on with what they have to do to get what they want, with out excuses. OH yeah we had the same sort of ppl back in our day to... How many rem "I dont work over time because they tax us too much....." Which left the rest of us working heaps of overtime, paying the ave gross weekly wage in tax... and the proportional increase in the take home pay to.. If we too had sat back on the ave wage we too would not have got our homes either And thank heavens for those who complain.. they dont are not prepared to work the hard jobs , long hrs, fruggle with spending... if they did not exist THEN there would not be enough to go around for those who are serious about their goals... |
SaltyC wrote: Steps, the Mangere facility is a refugee centre and is not used for migrants generally who just come in and go wherever. |
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