Posts by Che Tibby
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You could, if, and only if, you have the fiscal toughness
true. but if *have* to spend the money then locking yourself in a huge debt is bound to cause a reasonably high amount of stress...
so, "forcing yourself to build equity" equates to "being depressed because i'm unable to buy a new couch [that we don't actually need]". again with the kiwi crisis of expectations.
i think people think that "saving" means "never spending"?
to which i say, "fck that, we're off on holiday with 5% of our savings!! WOOT!!"
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Or save $50k/year for five years while renting and skip the bank altogether.
our combined income is a hang of a lot less than $200k. and we rent a not-cheap place in central wellington.
i worked out that with a reasonable degree of prudence we could actually save $120k in 5 years.
how? by banking the difference between the amount we pay for rent, and the amount we'd be paying to a bank if we had a $350k mortgage.
and they say rent money is wasted money...
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@ keith, meeeoooowwww.
(that's the sound of my rapidly shrinking student loan. some days it just purrs).
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If you can't pay a $500k mortgage out of $200k pa, you are managing your money very poorly, it seems to me.
you're also looking at a typically kiwi crisis of expectations.
why so many people default to "the biggest house we can afford" instead of the "smallest place we can tolerate" is beyond me.
the smaller option means a smaller mortgage, less stress, and more discretionary spending (i.e. holidays in vietnam). the banks are the enemy, but everyone seems to think they're your best friend...
on $200k pa you could easily pay off a $350k house, and save a huge sum of money in other investments. something beyond the abilities of the actual average couples income of <$90k.
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if the market won't provide, then the state will ahve to.
you're sounding remarkably like a certain m.j. savage there i/s....
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I'm still a little floored by just how demented so much commentary is around NZ politics.
meh. AM-frequently talk-back radio has discovered typing.
much of the stuff i used to read on the loony-comments sections bears striking resemblance to BBQ's at my north-shore relatives places. but markedly less polite.
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not that being the first to notice a slew of self-obsessed umpa-loompa is anything to crow about too much...
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WOOT!!
not often i get to say this...
pipped at the post there mr brown.
douchebags? funniest site of 2007.
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Only Eurovision, of which least said soonest mended.
hey... no bad words about Eurovision.
and congrats to FOConchords!!
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Surprised to see IE up over 50%!
probably all those public servants.
a few places are still microsoft-only shops.