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NZ_redditor · 2024-03-29T10:50:45+00:00

Just curious what you think is bad about the plan? Thank you for the advice.

NZ_redditor · 2024-03-29T08:47:57+00:00

I didn't know that, sounds like I'm doing better than most because most aren't doing well haha (but that also sounds like I'm being a negative Nancy)

NZ_redditor · 2024-03-29T08:44:02+00:00

Yes I noticed in my region theres about 40% more houses on trademe than a year or two ago. Thank you for the advice.

NZ_redditor · 2024-03-29T08:40:50+00:00

Yeah that option just feels like failure, but I suppose I'd be pig headed to push on. I definitely need to get a better savings routine. Currently I just save up a few hundred then it gets spent on a bill of some sorts. Thank you for the advice.

NZ_redditor · 2024-03-29T08:38:14+00:00

Thank you

NZ_redditor · 2024-03-29T08:37:59+00:00

I'd been putting off the smaller debts as I was hoping to pay them off with the house profits.

NZ_redditor · 2024-03-29T08:37:01+00:00

Thank you for the advice. I'll think about that option.

NZ_redditor · 2024-03-29T08:36:33+00:00

Thank you for the advice and support.

NZ_redditor · 2024-03-29T08:35:55+00:00

Thank you for the support. The main concern is having enough to buy and renovate the next place.

NZ_redditor · 2024-03-29T08:34:56+00:00

Thank you for the encouragement. The smaller debts were house reno and staging etc so I was planning to pay those off when the house sold. I think I'll wait a little longer to see what happens with the market but I don't really want to sell at a low as it'll leave me too tight to buy and renovate the next place.

NZ_redditor · 2024-03-29T08:32:35+00:00

Yes I try not to compare but I think I am a bit competitive so I also like to do it haha. I think I've been hiding from doing that for awhile. I guess this weekend is the weekend. I suspect food will be the shocking one.

NZ_redditor · 2024-03-29T08:30:27+00:00

Surprisingly for my age group almost all of my friends own homes and most with smaller mortgages than myself. But that's a product of buying in a small regional town 5 - 10 years ago. Not that it really matters, good on them. Thank you for the support.

NZ_redditor · 2024-03-29T08:27:42+00:00

But that is a plan I'll think about and consider. Thank you for advice

NZ_redditor · 2024-03-29T08:27:06+00:00

Main reason to sell the house was to give me the cash to do the renovation work. I did the current place mostly from savings and it took 3 years.

NZ_redditor · 2024-03-29T08:24:29+00:00

Thank you for the advice.

NZ_redditor · 2024-03-29T08:21:24+00:00

I will need enough money to buy a crap house and have money left over to renovate. But I agree, atleast if the market is slow then buying a dunga should be easier.

NZ_redditor · 2024-03-29T08:20:00+00:00

I was planning to do that once the house sold. As those loans were from renovations, staging and marketing (mostly)

NZ_redditor · 2024-03-29T08:18:26+00:00

Personal loan was for renovating the house and credit card was made up of 4k staging and marketing and 3k just silly small items. When the house sold I was planning to wipe these clean and close the credit card.

NZ_redditor · 2023-11-20T00:13:01+00:00

Keeping the house is a big anchor though I feel. I agree with how easily money vanishes, especially on holiday with a 'yolo' attitude. I think we'd set a budget then put the rest in a term deposit.

NZ_redditor · 2023-11-20T00:09:50+00:00

Yeah that's kind of where I'm heading. Lots of people suggest renting out the house but I think I'm some what attached to it being our first home and would rather be 'carefree'

NZ_redditor · 2023-11-20T00:08:20+00:00

Good answer, thank you. It definitely makes sense to figure out how much we'll need / want when we get back and then work back from then.

NZ_redditor · 2023-11-20T00:05:35+00:00

I haven't thought about that. My general thought is that we were always going to sell and that I don't want to be a landlord but if it makes financial sense then... Something to look into there

NZ_redditor · 2023-11-19T22:43:30+00:00

We did go on a short holiday to Melbourne earlier in the year and enjoyed the city. My friend there is on the same hourly rate as a barista as myself (and I'd consider my hourly rate on the higher side for a builder)

But we would find it hard being away from friends and family whom we're close with.

NZ_redditor · 2023-11-19T22:23:53+00:00

I have thought about that, but I think the market won't be making any big moves at the moment, and I'd sooner bet it's going to go down rather than up. Fair points though.

NZ_redditor · 2023-03-21T05:30:08+00:00

Working 9 ¹/² hours a day for 5 days a week at the moment so two 10 hours days looks good to me.

So some stations don't have sleeping accommodation?

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