4 People in Apartment

[speights boy]

So you think it a good idea then ?
If that is the case I happen to disgree with you.

[PTWhatAGreatForum]

Only today I was chatting to an old client who observed that 50 years ago there did not seem to be as many mentally and intellectually disabled people in society as there are today. The terrible truth is today we are breeding a whole race of dysfunctional society that can not feed and cloth itself.

She clearly harks back to a society where a woman's place was in the kitchen and a gay person's place was in the closet. Her ideas are way out of touch now, thanks to the progress of my Mother's generation (My mother is 63 and I am 34).

Society had all the same ills 50+ years ago but it was swept under the carpet. Even I am just old enough to remember the last vestiges of the **** system your old client is enamoured with.

My late Father was born at a time when having a child out of wedlock was not the done thing. His Mother's parents forced her to give him for adoption. I'm not here to dish the dirt but you have no idea how that must have affected him. Fortunately my children will not have any flow down effect of things which happened decades ago. "Old fashioned values" are a fraud.

I can certainly feed and cloth myself. You might even be a user of a system which I setup??? So don't give me this claptrap about dysfunctional society. You are in no position to judge who is worthy and what their potential is.

[Glenn]

She clearly harks back to a society where a woman's place was in the kitchen and a gay person's place was in the closet. Her ideas are way out of touch, thanks to my Mother's generation (My mother is 63 and I am 34).

Society had all the same ills 50+ years ago but it was swept under the carpet. Even I am just old enough to remember the last vestiges of the **** system your old client is enamoured with.

My late Father was born at a time when having a child out of wedlock was not the done thing. His Mother's parents forced her to give him for adoption. I'm not here to dish the dirt but you have no idea how that must have affected him. Fortunately my children will not have any flow down effect of things which happened decades ago. "Old fashioned values" are a fraud.

I can certainly feed and cloth myself. You might even be a user of a system which I setup??? So don't give me this claptrap about dysfunctional society. You are in no position to judge who is worthy and what their potential is.

Well I have been a landlord so long now I now have the children of tenants in the past.
I have tenants who suffer from fetal alcohol syndrome. This is not my diagnosis it is what their parents and social workers tell me.
It is people like this that I am referring to, There should not be children (people) in our society like this. Some of these people (tenants) have children and I am asked to house them. It is not fun to have to clean up after them. I do it because I have been put on this earth to care for such people.
You should have a go cleaning up a flat some time after they have slit their wrists or hung themselves.

[eri]

...don't give me this claptrap about a dysfunctional political system. You are in no position to judge who is worthy and what their potential is.

[PTWhatAGreatForum]

...don't give me this claptrap about a dysfunctional political system. You are in no position to judge who is worthy and what their potential is.

I never said anything about an alleged "dysfunctional political system". I have consistently talked about the dangers of key element (in this case housing) of human rights becoming way out of kilter. I see the obscene obsession shown here (and other forums) with residential rental property 'investment'.

I run a business myself - one which I setup from scratch from my own drive and a entrepreneurial drive. I very much understand the profit motive. Despite this, I could not bring myself to operate in the fashion expoused by so many in these quarters. I think I'll stick with making a dollar from optional goods and my specialised tech skills.

[Glenn]

I keep being asked by my colleagues from other centres why I seem to have so many dysfunctional mentally impaired tenants.
They tell me that they do not see anywhere the numbers that I experience.
I guess one reason is the likes of Canterbury have proportionately way more government funded housing providers. This is a polictical thing.
Lots of Labour MPs down there.
The other issue is we had two massive mental hospitals that have been closed. The inmates (residents) used to be sterilized and free contraceptives given to them. These people are now breeding prolifically producing similar offspring. Not nice to hear this sort of thing but this is how nature works. No Darwin selection going on.
I am not talking about tens of thousands of mutant hordes. Just one or two here and there. Each taking up lots of support and causing trouble for the police and the community.
These people are filling up our flats. They can never be expected to house themselves.
I give them all a go then eventually give up when some social do gooder stops their winz rent payment to me or allows them to overload their flats with their mates who can not find a sympathetic landlord like me.
The overloading case I took to the tribunal this year involved two brothers who had aspergers.
They had some low life people bludging on them. The bludgers claimed they could not find a place to rent. The poor brothers did not have the skills to tell them to leave and their social workers claimed they had no authority to enforce the occupancy limits of the flats. I countered the bludgers claim of "I can not find a flat" with will I will let you one.
They would not take my offer up. They wanted to keep living for free with a beneficiary whose rent was paid for.

[eri]

I see the obscene obsession shown here (and other forums) with residential rental property 'investment'..

a forum called

property talk

o the horror

and you don't like it

what can we say

goodbye?

[PTWhatAGreatForum]

I keep being asked by my colleagues from other centres why I seem to have so many dysfunctional mentally impaired tenants.

You have a lot of cliched stereotypes there Glenn.. Problem for you is I don't fit any of them... Well, maybe "do gooder"... But I have been known to speak my mind among fellow "do gooders" as well... Can't win really. Between Ayn Rand and Karl Marx (and some inbetween), I have not yet developed the most perfect system to write a manifesto on.

I'm presently looking at putting an offer in on a place. I'm seeing a mortgage broker early next week... Also looking at some other places. Getting close to being a property, opps title, owning buzzard myself lol. But cold day in hell before I get into rentals...

[Glenn]

You have a lot of cliched stereotypes there Glenn.. Problem for you is I don't fit any of them... Well, maybe "do gooder"... But I have been known to speak my mind among fellow "do gooders" as well... Can't win really. Between Ayn Rand and Karl Marx (and some inbetween), I have not yet developed the most perfect system to write a manifesto on.

I'm presently looking at putting an offer in on a place. I'm seeing a mortgage broker early next week... Also looking at some other places. Getting close to being a property, opps title, owning buzzard myself lol. But cold day in hell before I get into rentals...

Unlike some of my fellow posters I bear you no evil. Of course I post with my full name and picture.
That is my persona I live and die and accept the abuse and praise that goes with being me.
I congratulate you on buying a property. Property ownership is not easy.
Some of the good people I know in the social housing industry talk about having tenants paying our mortgages.
I talk about landlord like the people I know achieving what they have by deferral of self gratification.
I trust and pray that your deposit towards your first home has been achieved by that self sacrifice and deferral of self gratification.
Of course investment can be by a multitude of paths.
Be it in education, buying a lathe or a taxi, or in purchasing an apple tree and planting it on either your or someone else's land.
Not all property investors have residential tenants. It is possible to have all sorts of property from schools to hospitals to brothels.
You choose and the world throws the rocks.
Go forth young man and bless this earth with your hard work.

[PukekoPM]

Tenants are allowed visitors to stay up to six weeks maximum I believe. After that they would need to apply to add people to the tenancy agreement. They can't just move whoever in randomly and expect you to put up and shut up. If the young people want to take over the tenancy agreement when the older folks move out, I would insist that they complete an application form and are reference and credit checked as per normal. If they don't come up to snuff, they're out/not offered a tenancy. Just because they happen to be visiting they don't have a right to expect to move in. Stick to your guns. If you're PM isn't prepared to follow what you've stipulated in your management agreement, then find one who is.

Good luck.
Vicky

[PTWhatAGreatForum]

I talk about landlord like the people I know achieving what they have by deferral of self gratification.
I trust and pray that your deposit towards your first home has been achieved by that self sacrifice and deferral of self gratification.

In some ways my life is austere and in other ways I have luxuries. I do not have a TV. Can't stand it. I do have a vice of espresso coffee though, so some years ago I went and bought myself an expensive Italian made machine. Cost me a small fortune at the time but boy has it saved me heaps over the years. I am also very self sufficiently minded. I am always adding new tools to my kit and I always buy trade quality. My approach is to get the best I can afford on special. I eat well but for little cost because I do a lot of home baking. My car is getting on a bit but it is reliable and just passed another warrant. I owe no money on it and insurance is reasonable at around $400 p/a.

I don't feel deprived or delay gratification too long.

Lots of middle class people convince themselves they need a bigger/better/more expensive house and expensive stuff to put in it. My mindset is quite different. I take pride in working out how to do what I want to do with as little debt as possible. I understand the economics. This is why I always buy brand new brand-name appliances but used cars.

When looking at property I consider it's utility value, not some idea about making a profit through 'capital gains'. ie: can I get broadband and grow food? not can I impress my friends....

[Glenn]

Tenants are allowed visitors to stay up to six weeks maximum I believe. After that they would need to apply to add people to the tenancy agreement. They can't just move whoever in randomly and expect you to put up and shut up. If the young people want to take over the tenancy agreement when the older folks move out, I would insist that they complete an application form and are reference and credit checked as per normal. If they don't come up to snuff, they're out/not offered a tenancy. Just because they happen to be visiting they don't have a right to expect to move in. Stick to your guns. If you're PM isn't prepared to follow what you've stipulated in your management agreement, then find one who is.

Good luck.
Vicky

Scotney Williams talks about the term "ordinarily reside"
He then elaborates on what that means.
We can all make up our own little rules which often work for years until challenged.
I used to use the term "Sleep in a flat"
I used to think that would out fox the sneeky ones. The only one it fooled was myself.
It did not stack up in court just like your 6 week rule.

[DazRaz]

I'm presently looking at putting an offer in on a place. I'm seeing a mortgage broker early next week... Also looking at some other places. Getting close to being a property, opps title, owning buzzard myself lol. But cold day in hell before I get into rentals...

This is shameful! People buying homes to live in are pushing up the price of houses for investors which then causes the rents to go up. Do you care nothing for affordable housing?

[Glenn]

This is shameful! People buying homes to live in are pushing up the price of houses for investors which then causes the rents to go up. Do you care nothing for affordable housing?

You may as well quote Matthew 7:15.
"Watch out for false prophets. They come to you in sheep's clothing, but inwardly they are ferocious wolves.

[eri]

the easy answer, seen from a distance, is usually wrong

property investment is popular in nz because it works

saying it's all bad because other investments lose too many people too much money is wrong

eg if people with extra money don't invest it in housing, less houses get built meaning more overcrowding or fewer people with roofs over their heads....

similarly with LLs

economists seem to agree that nz's economy depends too heavily on dairy, something like 25% of our overseas earnings

developments in synthetic milk are racing along

once india + china can make their own in factories they'll stop buying so much of ours

so the nz economy needs to be looking to reduce that huge reliance on dairy

one of the success stories is os students

a few days ago the herald ran with a story that oz students may find it cheaper to study here than there

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11284895

but they'll need more than just seats in class

they'll need beds off campus too

so property investors owning and renting to students is another essential and growing part of the nz economy that should be encouraged

the list goes on

Glenn's activities in nelson a prime example