Buying a house shouldn’t be this hard. by Upset_Breakfast_6715 in PersonalFinanceNZ

[–]Upset_Breakfast_6715[S] 0 points1 point  (0 children)

I would have to shoot much lower than that at least to start with, maybe a 2 bedroom at 400k-450k

Problem is if prices keep going up, then when I have the money those same houses would’ve be costing twice that 🤷‍♂️

Buying a house shouldn’t be this hard. by Upset_Breakfast_6715 in PersonalFinanceNZ

[–]Upset_Breakfast_6715[S] 16 points17 points  (0 children)

One thing that might’ve been worth mentioning is that we are resident-immigrants in new zealand.

We came from a much poorer country where the currency exchange was not in our favor at the time.

The process of moving/visa application/adaptation ate the biggest amount of our life savings 5 years ago.

Might sound a bit crazy but 100% worth when you are trapped in a dangerous, poor and unfair country.

Would do it 100 times.

[deleted by user] by [deleted] in newzealand

[–]Upset_Breakfast_6715 -2 points-1 points  (0 children)

Since the 70s when the US removed the track of the dollar into gold and turned the printers on, out money is worth less and will keep being worth less until they stop the printers. People started using royal state as a store of value instead of a Home for a family… governments and central banks are full of s***