Every day the mindless media bang on about the "Housing Crisis", yet I am struggling to see that a crisis really exists, at least for many.
I read this morning that Mortgage Brokers (I-refi Mortgage Brokers in Half Moon Bay included) see applications everyday where many couples on good incomes just don't save any money. After the daily flat whites, twice a year holidays to Bali or Fiji, expensive cars and nights out, there just isn't too much left. Add into that the desire to buy into a "nice" suburb close to cafes and Les Mills - hmmm. My generation will harp on how they bought their first home in Mangere or Papatoetoe, Papakaura or Massey, then gradually extended themselves with mortgages of 19-23% and moved closer to better schooling in more fashionable areas as they could afford it. Those who knuckled down, got real jobs rather than faffing around doing bullshit degrees at university or wandering around Europe on their big OE typically managed to make a good start that has come good - particularly if they've resisted the urge to regularly divide assets in half as marriages failed. What the media don't mention is that the beneficiaries of rising house prices are usually hard working mums and dads, who are cashing out, often as millionaires. These people then have the choice of providing for their own retirement, moving to somewhere less expensive, or God forbid, helping fund their offspring with a deposit. Who are the media (or that nasty Mr Little or horrid Twyford) to deride Kiwis who have worked and saved their entire lives from this windfall, Comments are closed.
|
Don MalcolmA perfect day involves being on my Harley with a long ride ahead.
|