• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 4 of 6 FirstFirst ... 2 3 4 5 6 LastLast
Results 31 to 40 of 60
  1. #31
    Join Date
    Oct 2016
    Posts
    201

    Default

    Quote Originally Posted by elguapo View Post
    I rent because I am much smarter than you.
    Are you Shamubeel Eaqub?

  2. #32
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,910

    Default

    Quote Originally Posted by jack2016 View Post
    Are you Shamubeel Eaqub?
    "The Sham" as I like to call him, told everyone that renting was smarter than buying whilst property prices in Auckland doubled, and then he bought a property, which would have cost twice as much.

    Renting is certainly smarter if you want to keep working all of your life trading money for time.
    Paul Magill B.com
    Bluekiwi Property Consulting

  3. #33
    Join Date
    Oct 2016
    Posts
    201

    Default

    Quote Originally Posted by Bluekiwi View Post
    "The Sham" as I like to call him, told everyone that renting was smarter than buying whilst property prices in Auckland doubled, and then he bought a property, which would have cost twice as much.

    Renting is certainly smarter if you want to keep working all of your life trading money for time.
    Do you know during which year he bought his house?

  4. #34
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,016

    Default

    Barnyard Thickey might know.

    Another errant pundit on the loose.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #35
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,910

    Default

    Quote Originally Posted by jack2016 View Post
    Do you know during which year he bought his house?
    Through the powers of property guru I know what year, what house and how much
    (he has a unique name and bought in his name)

    On 19th June 2017 he bought 110 FREDERICK STREET HILLSBOROUGH AUCKLAND for $1,600,000.
    That house was previously purchased for $845,000 on 15th April 2016.
    Previous to that $426,500 on 19th March 1999.

    So by abiding on his principals that buying a house does not make economic sense and it is financially smarter to rent for 18 years instead of owning.
    He then paid $1,173,500 more than if he had bought his personal home in 1999.

    They then bought a rental or holiday in Selwyn in 2018 for 410k.

    And this guy is on the news, in economic groups, government think tanks giving the government country economic advice.

    BTW:
    Homes.co.nz now has this house estimated at 1.36m
    Paul Magill B.com
    Bluekiwi Property Consulting

  6. #36
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,016

    Default

    Ahhh, yes - the rent-an-expert syndrome.

    What I say in the media (and to gummints, for a fee) and what I actually do bear little relevance to real life and / or reality.

    On a par with most other pseudo-pundits,wouldn't you say?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  7. #37

    Default

    When you buy a house for $1.6m and only 2 years later it's worth approx $1.36m he may be proving his own theory that it would have been better for him to have rented.

    ha ha ha

  8. #38
    Join Date
    Oct 2016
    Posts
    201

    Default

    i don't think the 1.36 on homes is accurate - it has been extensively renovated in 2016 - every bit "looks" new inc completely rebuilt areas, 275m2 on 616m2 with views, cul de sac etc ... but hey I'm not from Auckland! though on Trademe 1m+ only buys you a unit in that area
    Last edited by jack2016; 11-09-2019 at 07:45 PM.

  9. #39
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,016

    Default

    Home ownership at lowest level in 70 years, economist says Baby Boomers to blame
    10 Nov 2019
    Quote Originally Posted by Stuff
    According to the Real Estate Institute, in 2013 the median New Zealand house price was less than $400,000. Now, it's nearly $600,000, a 50 per cent increase. Over that same period, wages have only increased by 20 per cent. ​Shamubeel Eaqub said it was driven by a lack of affordability in New Zealand.
    Shammy ignores the wage / price gap and instead blames the "baby boomers."
    Such it seems, is the nature of pseudo-expert-crystal-ball-gazing soothsayers.
    Let's avoid the fact quoted and join in the bash-a-demographic-group blame game.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  10. #40
    Join Date
    May 2004
    Posts
    2,840

    Default

    Now that Tony Alexander has gone independent, hopefully he will also become a media goto economist.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Breaking ftt by not paying rent.
    By harry flashman in forum Tenant Stuff (NZ)
    Replies: 8
    Last Post: 25-07-2015, 06:45 PM
  2. WInz paying the rent
    By NomoneyNotalk in forum Tenant Stuff (NZ)
    Replies: 5
    Last Post: 04-10-2012, 02:18 PM
  3. paying off owed rent
    By frances56 in forum Tenant Stuff (NZ)
    Replies: 2
    Last Post: 16-05-2011, 01:19 PM
  4. tenants stop paying rent
    By stevethepainter in forum Tenant Stuff (NZ)
    Replies: 14
    Last Post: 13-09-2010, 02:02 PM
  5. Landlord paying your rent plus..
    By fudosan in forum Commercial Property (NZ)
    Replies: 3
    Last Post: 18-10-2009, 04:00 PM
  6. Tenants not paying rent
    By xtramilk in forum Tenant Stuff (NZ)
    Replies: 7
    Last Post: 07-10-2008, 05:53 PM
  7. Tenant given notice, stops paying rent
    By jillychicky in forum Tenant Stuff (NZ)
    Replies: 21
    Last Post: 13-12-2007, 09:06 AM
  8. WINZ not paying rent
    By Dunning in forum Tenant Stuff (NZ)
    Replies: 4
    Last Post: 08-11-2007, 09:30 PM
  9. Rent paying interest
    By SimpleSimon in forum Property Investment (NZ)
    Replies: 15
    Last Post: 20-04-2005, 11:22 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •