Thursday, August 18, 2016


While so many ill-informed dumbarses in what passes for the MSM daily pimp a stream of hard luck stories of people earning good dosh, many returning from a lucrative and rewarding off shore arena, wanting to start their property ladder effort with a nice home in a nice burb with everything laid on,  Stuff has a fairy tale of a couple not yet mid twenties looking to buy a third house.

A 'mechanic' and an 'administration worker' who admit they are "careful" with their money bought an ex state house for $220 000 three years ago when they were 21 and 19 after sharing accommodation with friends to save on rent costs while accumulating the necessary deposit to buy.

Clearly no gap year nonsense, multiple coffees, dining out, concerts, holidays to exotic locations, in fact a life style that almost all my peers  lived as we made our way in what so many nowadays wax lyrical as to how we had it so good.

OK so this wonder couple are getting off their bums in Nelson but what a wonderful effort.
It is entirely possible when they reach the age of many of the whining that are being pimped this couple will go to Auckland having cashed up their portfolio in Nelson and do even better in the City of Sails while the pimped whiners are still renting a bloody garage, owning nothing while sitting at a table of a Ponsonby Café delivering yet another tale of ''woe is me" to a repeater from State TV


paul scott said...

Yes. Apparently the more we whine and grouch the worse things get. And that reminds me.
I have a complaint.
We need an early in the week fulminate, moan and bitch as well as the Friday fulmination..

Psycho Milt said...

I look forward to your post in which you scoff at those who claim running 100 meters in under 11 seconds is difficult, because you saw a bunch of people doing it on TV just the other day. many nowadays wax lyrical as to how we had it so good.

We did have it so good. I was a shop assistant when we bought our first house, and houses at the bottom of the market in Palmerston North were priced at not much more than three times my annual wages. It would have been harder to buy in Auckland, but still do-able. The bottom of the PN market now is upwards of six times the current minimum wage, and the bottom of the Auckland market upwards of 20 times the minimum wage. Stop pretending there's no difference.

gravedodger said...

Nice one Milt so the 'mechanic' and the 'administrative assistant' equate in your opinion to Usain Bolt and the juiced up Yank hoping their Chemist had it right.

Except that in the good old days, nobody at or near the non-existent but measurable minimum wage had any expectation of buying a bloody house they either rented, had tied accommodation or climbed aboard the State advances model that was such a great fit for first home seekers. Today that three BR one Bathroom weatherboard, tile roofed, single glazed, one level 1000sq ft with sep toilet, kntte, laundry, no carpets or floor coverings apart from linoleum in kitchen and laundry, with drapes, driveway, garage and whiteware all a dreams to come is so far removed from what the ijits in the MSM are screeching about and would not even be considered by first home seekers who have reached their thirties and wish they still had a chance at a million dollar house in the right street close to work with all mod cons. Such a dream to be attained with out any impingement on their trip to Bali, maybe a Melbourne Cup or Bathurst, and two or three coffees a day and a few beers and a meal out Friday night plus a taxi home.
Of course bleating on about affordability when using a lower income figure and a Macmansion as the parameters will end with a palpable tale of woe. That Nelson couple just went out and did it, you are picking on the wrong person here, I married at 20, yes had to get my parents written permission and had my future FiL breathing down my neck as he would be picking up where I left off should I cut and run.
Twice in my life I had negative equity but outran the banks in both cases by spending bugger all and earning more.
We were more than bloody frugal but you carry on with the crusade, I will let that focussed and committed young couple say all I have to say. Well done them, oh and btw I would assume a mechanic and an administrative assistant would be not a long way ahead of the minimum wage but their priorities and attitude were right up where it needed to be for their undoubted success.

Maybe just read the header again and have a great weekend.

Psycho Milt said...

Of course bleating on about affordability when using a lower income figure and a Macmansion as the parameters will end with a palpable tale of woe.

Well, OK, suppose I hadn't been a shop assistant but a skilled worker on $20,000 a year rather than $15,000. That would have made the bottom of the PN housing market less than three times my annual wages, ie someone on that money had it even easier back then.

Of course it's possible for ordinary people to still buy a house. But when you have the prime minister of your country claiming that there isn't a housing crisis because someone on a school principal's salary would be able to get in at the bottom end of the Auckland housing market, you know it's "possible" largely in a theoretical sense for people on less than a school principal's salary.

The number's make the argument against you - house prices relative to income have increased dramatically over the last 30 years. It's ridiculous to deny we had it easy compared to people starting out now.

Psycho Milt said...

Apologies to everyone whose writing ability I've ridiculed in the past - that should be "numbers," not "number's."

gravedodger said...

That couple in Nelson are proof of my headline the rest is opinion.
The principle you are using, Milt, has notional figures of "a house costing ten times a salary" when the reality is they are just parts of a theorem with varied inputs.

You may recall your start as easy, while I remember mine as grindingly hard work, long hours with frugal attitudes and behaviours that most would find beyond believable today.
Hell I struggle to accept what we endured fifty years on.
Asked a good mate recently if he was heading to warmer climes for a break (he is still farming) only for a reply "he couldn't as son and heir were in Viet Nam", poor wee souls reduced to that eh.