|
NZ interest rates rise yet again!
Wow...another NZ interest rate rise, I seriously wonder how people afford to buy houses with the current mortgage rates in NZ, especially when wages are so low? NZ currently has the most expensive mortgage rates in the civilised world.
The worring thing is imagine that you buy the house (large shed) of your dreams with a whopping mortgage. Then......the housing market readjusts and suddenly your house is worth $150,000 less than you paid for it. THEN you fall out with your boss and loose you job. You finally realise that it was all a big mistake and decide to return to the UK, BUT you have no money to buy tickets, ship goods or repatriate your pets. You have a house that is worth less than you paid for it and you can't sell it anyway. The Exchange rate has dropped to $2.20/£1.00, so even if you manage to sell the cold damp house you worked so hard for you won't have enough to get back on to the UK ladder (if you can afford the fare home?) even if UK property decreased in value by 40%. What a potential nightmare eh? Still when you live in such a beautiful country you can always just go for a walk along the beach, take in the fabulous views etc etc etc Burt ;) |
Re: NZ interest rates rise yet again!
Originally Posted by Burt Badger
(Post 4728001)
Wow...another NZ interest rate rise, I seriously wonder how people afford to buy houses with the current mortgage rates in NZ, especially when wages are so low? NZ currently has the most expensive mortgage rates in the civilised world.)
|
Re: NZ interest rates rise yet again!
Originally Posted by Burt Badger
(Post 4728001)
Wow...another NZ interest rate rise, I seriously wonder how people afford to buy houses with the current mortgage rates in NZ, especially when wages are so low? NZ currently has the most expensive mortgage rates in the civilised world.
The worring thing is imagine that you buy the house (large shed) of your dreams with a whopping mortgage. Then......the housing market readjusts and suddenly your house is worth $150,000 less than you paid for it. THEN you fall out with your boss and loose you job. You finally realise that it was all a big mistake and decide to return to the UK, BUT you have no money to buy tickets, ship goods or repatriate your pets. You have a house that is worth less than you paid for it and you can't sell it anyway. The Exchange rate has dropped to $2.20/£1.00, so even if you manage to sell the cold damp house you worked so hard for you won't have enough to get back on to the UK ladder (if you can afford the fare home?) even if UK property decreased in value by 40%. What a potential nightmare eh? Still when you live in such a beautiful country you can always just go for a walk along the beach, take in the fabulous views etc etc etc Burt ;) |
Re: NZ interest rates rise yet again!
Originally Posted by Lexylou
(Post 4728040)
Good to see you back Burt. You have been missed.
Burt ;) |
Re: NZ interest rates rise yet again!
Jeez, Burt. You do enjoy stirring up the shit, don't you. Well, stir away, mate.
:lol: |
Re: NZ interest rates rise yet again!
Originally Posted by Burt Badger
(Post 4728001)
Wow...another NZ interest rate rise, I seriously wonder how people afford to buy houses with the current mortgage rates in NZ, especially when wages are so low? NZ currently has the most expensive mortgage rates in the civilised world.
The worring thing is imagine that you buy the house (large shed) of your dreams with a whopping mortgage. Then......the housing market readjusts and suddenly your house is worth $150,000 less than you paid for it. THEN you fall out with your boss and loose you job. You finally realise that it was all a big mistake and decide to return to the UK, BUT you have no money to buy tickets, ship goods or repatriate your pets. You have a house that is worth less than you paid for it and you can't sell it anyway. The Exchange rate has dropped to $2.20/£1.00, so even if you manage to sell the cold damp house you worked so hard for you won't have enough to get back on to the UK ladder (if you can afford the fare home?) even if UK property decreased in value by 40%. What a potential nightmare eh? Still when you live in such a beautiful country you can always just go for a walk along the beach, take in the fabulous views etc etc etc Burt ;) |
Re: NZ interest rates rise yet again!
Originally Posted by happynz
(Post 4728070)
Jeez, Burt. You do enjoy stirring up the shit, don't you. Well, stir away, mate.
:lol: I knew 3 English families who wanted to return to the UK but were caught in the NZ poverty trap. If the above did happen then many more would be affected. Burt ;) |
Re: NZ interest rates rise yet again!
Originally Posted by Burt Badger
(Post 4728109)
I just think that it is a scenario that hard working families who are preparing to move to the underside of the world should think about.
I knew 3 English families who wanted to return to the UK but were caught in the NZ poverty trap. If the above did happen then many more would be affected. Burt ;) :) |
Re: NZ interest rates rise yet again!
oh Burt! Burt Burt Burt Burt Burt
(That is a compliment) |
Re: NZ interest rates rise yet again!
Originally Posted by Burt Badger
(Post 4728001)
Still when you live in such a beautiful country you can always just go for a walk along the beach, take in the fabulous views etc etc etc
Burt ;) Is that short for Albert? I had a dog called Albert- He was a lovely, happy, lively character and loved long walks on the beautiful uncrowded beaches. Reading your posts- possessions, money etc etc are all. I started out with nothing and I still have most of it left. Hope you find somewhere on Earth to be happy- otherwise get Scottie to beam you up! |
Re: NZ interest rates rise yet again!
Originally Posted by jennifer45
(Post 4729682)
Hi Burt
Is that short for Albert? I had a dog called Albert- He was a lovely, happy, lively character and loved long walks on the beautiful uncrowded beaches. Reading your posts- possessions, money etc etc are all. I started out with nothing and I still have most of it left. Hope you find somewhere on Earth to be happy- otherwise get Scottie to beam you up! |
Re: NZ interest rates rise yet again!
Originally Posted by jennifer45
(Post 4729682)
Hi Burt
Is that short for Albert? I had a dog called Albert- He was a lovely, happy, lively character and loved long walks on the beautiful uncrowded beaches. Reading your posts- possessions, money etc etc are all. I started out with nothing and I still have most of it left. Hope you find somewhere on Earth to be happy- otherwise get Scottie to beam you up! |
Re: NZ interest rates rise yet again!
Originally Posted by ceri75
(Post 4729717)
:rofl: have you perchance been drinking girlie ?:rofl: :p
just a bit! So totally p.....d off with all the hoops we have to jump through-(difficult sober let alone on second bottle) Need lots of positive Karma from all. Not the negative vibes. I know it's not all roses( been going out there for 3-4 months stays in rentals for last 5 years.) I know there is no such thing as a personal allowance, Know my pension will be frozen,know I'll have to pay alot for my prescriptions, know I can't get medical attention in NZ and will have to pay to go to Oz, know financially it will be worse because I won't have the spending power.I know there are problems with housing but they're not unrectifiable. I remember 'Jack Frost"' on bedroom windows! ..................... .................................................. ...............deleted my irate thoughts. But despite all of this I'm happy to pay tax on my first$ earned- I'm happy to help NZ grow and prosper because NZ has so much to offer- a better way of life. I apologise to no-one for wanting to live in NZ. |
Re: NZ interest rates rise yet again!
Originally Posted by jennifer45
(Post 4730088)
Hi Ceri
just a bit! So totally p.....d off with all the hoops we have to jump through-(difficult sober let alone on second bottle) Need lots of positive Karma from all. Not the negative vibes. I know it's not all roses( been going out there for 3-4 months stays in rentals for last 5 years.) I know there is no such thing as a personal allowance, Know my pension will be frozen,know I'll have to pay alot for my prescriptions, know I can't get medical attention in NZ and will have to pay to go to Oz, know financially it will be worse because I won't have the spending power.I know there are problems with housing but they're not unrectifiable. I remember 'Jack Frost"' on bedroom windows! ..................... .................................................. ...............deleted my irate thoughts. But despite all of this I'm happy to pay tax on my first$ earned- I'm happy to help NZ grow and prosper because NZ has so much to offer- a better way of life. I apologise to no-one for wanting to live in NZ. Its getting stupid on this site, I hope they get bored soon and take their bitter rants elsewhere. |
Re: NZ interest rates rise yet again!
Originally Posted by jennifer45
(Post 4730088)
Hi Ceri
just a bit! So totally p.....d off with all the hoops we have to jump through-(difficult sober let alone on second bottle) Need lots of positive Karma from all. Not the negative vibes. |
| All times are GMT. The time now is 1:55 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.