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  1. #11
    Join Date
    Jan 2005
    Location
    Warkworth
    Posts
    530

    Default

    It's all habits. Some people have good money habits and some don't.
    The ones that don't, put money in my bank account every week. They call it rent, I call it cash flow.

  2. #12
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,767

    Angry

    Well, I disagree!

    There is is no housing crisis;
    no personal debt crisis;
    no latte crisis;
    no wages crisis;
    no exchange rate crisis;
    no savings crisis;
    no lifestyle crisis;
    And so on.

    There is a leadership crisis and . . .
    . . . a government policy crisis.


    All the former are caused by the latter.
    Last edited by Perry; 29-04-2007 at 10:13 PM.

  3. #13
    Join Date
    Feb 2004
    Location
    Welly-town
    Posts
    1,095

    Default

    If anyone has missed it, the links to articles posted by Gatekeeper in this thread are well worth a read. Long, but very well explained.

    Gerrard

  4. #14
    Join Date
    Jun 2005
    Location
    Nelson NZ
    Posts
    3,863

    Default

    It all boils down to peoples WANTS being greater than their needs.
    I did like the one liner in the article that said Horrors "no over seas trips since the kids have come along". whats the bet these good people would have lived the good life before the kids came along never thinking of the future.
    I must however admire them for not expecting the Govt to provide for the kids, being good parents, and wanting to stay close to their familiy and church.
    I think their best plan would be to buy a cheap rental and house somone elses poor kids who are not as well off as they are.
    Perhaps it is time the Govt thought about having a similar tax sytem to the USA. I understand there you can write your home loan interest off your tax.
    This surely would be a good way of helping first home buyers get into their home and placing home owners on the same level playing field as investors who are currently permitted to write off interest on IP loans.
    Just a thought or two

  5. #15
    Join Date
    Dec 2004
    Location
    Sydney, Australia
    Posts
    413

    Default

    Quote Originally Posted by Perry View Post
    Well, I disagree!

    There is is no housing crisis;
    no personal debt crisis;
    no latte crisis;
    no wages crisis;
    no exchange rate crisis;
    no savings crisis;
    no lifestyle crisis;
    And so on.

    There is a leadership crisis and . . .
    . . . a government policy crisis.


    All the former are caused by the latter.

    Perry

    Sorry to split hairs but if you say there is no crisis above and then say that the government is to blame for all of the former by definition aren't you confirming there is a crisis?

    LK

  6. #16
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,767

    Default

    Quote Originally Posted by LondonKiwi View Post
    Sorry to split hairs but if you say there is no crisis above
    and then say that the government is to blame for all of
    the former by definition aren't you confirming there is
    a crisis?
    Let's play some semantics, here.

    I'm not saying there aren't any number of crises about. The
    point is very similar to the articles that GK referenced, here:
    http://www.financialsense.com/fsu/ed...2007/0420.html

    The revelations in those articles and the stories that the
    author uses, show how well propaganda works. How well it
    works for those who are responsible for the problems, as it
    allows them to allocate blame to someone else. The first part
    of that propaganda game is subversive language usage.

    If the Minister of Housing said:
    A number of government policies have not worked as
    intended. Indeed, in some cases, a simple lack of clear
    policy guidelines has contributed to the difficulties people
    are facing with their aspirations for home-ownership. We
    will promptly fix these mistakes so that the crisis which
    we've unwittingly created can be solved.


    That would never happen because politicians would not
    admit such errors. To them, it's always someone (or
    something) else's failing. Never theirs.

    So there is no crisis of housing in that sense. There is
    only a crisis of government that results in a housing shortage.

    So there is no crisis of savings in that sense. There is
    only a crisis of government that results in a savings paucity.

    And lots of other bad things, too. It is the leaders who
    have been entrusted with the responsibility, who have failed
    in their stewardship of that responsibility and who must
    take the blame.
    Last edited by Perry; 30-04-2007 at 02:02 PM.

  7. #17
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    5,084

    Default

    That would never happen because politicians would not
    admit such errors. To them, it's always someone (or
    something) else's failing. Never theirs.
    T'was ever the same, and people managed to buy houses, have children and go on overseas trips.

    Whilst the ship of state is steered or left to drift by the government, the people on board still have personal responsibilty to do what they can to stay on board.

    Quote Originally Posted by SuperDad
    This is coupled with high consumer debt
    The affordability issue is not COUPLED with high consumer debt, its CAUSED by high consumer debt.

    cube
    DFTBA

  8. #18
    Join Date
    Feb 2007
    Location
    Wellington
    Posts
    62

    Default

    I sent my friend (on over $77K combined income) - who is always complaining that houses are too expensive - the article on not buying coffees.. I thought it would encourage them to start saving and get into good habits... He emailed back... and I quote:

    "I can't believe they (I have yet to figure out who 'they' are) expect us to change our lifestyle in order for us to afford to buy a house. I am going to have to move to Australia"....

    I was floored... enough said...

  9. #19
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    3,936

    Default

    Quote Originally Posted by Grandma View Post
    I sent my friend (on over $77K combined income) - who is always complaining that houses are too expensive - the article on not buying coffees.. I thought it would encourage them to start saving and get into good habits... He emailed back... and I quote:

    "I can't believe they (I have yet to figure out who 'they' are) expect us to change our lifestyle in order for us to afford to buy a house. I am going to have to move to Australia"....

    I was floored... enough said...
    Says it all really.

  10. #20
    Join Date
    Jun 2005
    Location
    Nelson NZ
    Posts
    3,863

    Default

    Do you notice the anger in the words.
    Whats the bet that the politicians are also angry at the world and us.
    See how they are changing the clocks on the basis of a whim. Who do those politicians think they are. Next they will be changing what time the tide comes in.
    They can do that can't they?


 

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