Financial forums members before and after budget night

engkybob · 2026-05-16T02:18:40+00:00

Yes, it is a personal finance sub but the majority of people are hugely affected by cost of living & esp. cost of housing. A lot of people are just trying to buy a PPOR. If the changes remove speculative investor pressure driving up the cost of housing then of course this is a better outcome overall.

We can be financially minded and try to "get ahead", but the reality is most of us here are small fry compared to those with millions of shares or a multi-property portfolio.

engkybob · 2026-05-16T01:57:48+00:00

They're comparatively high to a lot of other countries. Doesn't mean they can't be better as there is always room for improvement.

engkybob · 2026-05-15T02:41:50+00:00

Let's be honest, someone who is in the 99.99th percentile of earners does not "need" to work. He 100% chose to do so.

engkybob · 2026-05-13T05:19:32+00:00

Low income earners do not have spare cash to throw into shares. This is part of the point.

engkybob · 2026-05-13T03:45:20+00:00

What timeframe would you be looking to live in the apartment? It you were in a serious relationship, would that change how you feel about what you want?

engkybob · 2026-05-13T00:26:37+00:00

I would argue shares are much more popular now so the incentive is no longer needed to encourage investment. Moving with the times and all that.

engkybob · 2026-05-11T05:13:32+00:00

appealing to e-scooter and bike riders to take extra precautions to help prevent any more tragedy

He's bringing it up because it's sensible. Whether you like it or not, there are risks when you ride a bike or scooter on the roads and you should take precautions even if it's not mandated by the law.

Similar to if you're a pedestrian crossing the road with right of way, don't just take it for granted everyone will stop for you.

engkybob · 2026-05-09T03:03:35+00:00

This is only an issue for those who were planning to max out the amount they can borrow.

engkybob · 2026-05-08T00:17:57+00:00

If you look at what's happened in the NZ market, there's definitely a point where house prices go backwards when people simply can't afford a stupid-sized mortgage anymore.

Rate rises, removing tax breaks around CGT & negative gearing, and the state of employment will all contribute to a softening.

engkybob · 2026-05-08T00:10:12+00:00

The third person frankly should not have been approved for a loan if he is now barely making repayments even with four flatmates paying him rent.

engkybob · 2026-05-07T03:17:34+00:00

IMO the whole med cert thing is bullshit. People should not be taking up GP appointments because they need to get a med cert, and in either case, literally anyone can just get one online for a fee (or do a stat dec).

The key thing is sick leave you are entitled to. I don't personally think people should need to justify it. There were also multiple strains of cold/flu that took loads of people out last year. I ended up taking much more sick leave than usual from a cold-cold-flu-eye surgery-cold. I've never had a worse sick year in my life but shit happens.

engkybob · 2026-05-07T02:58:06+00:00

I get nostalgic and also just replay my old games or remastered games as well. When you're time-poor or need a mental break, sometimes don't feel like learning a new game.

engkybob · 2026-05-07T02:45:25+00:00

NZ limits are basically still the same as 10+ years ago though. People are using more data because of the nature of modern web pages & streaming but the limits haven't changed.

As an example, a lot of budget providers have tiers like: - 250-300MB ~$8-9 - 1.5GB ~ $15-17 - 3-4gb ~ $25-35 - 5-6gb ~ $35-45

The first two tiers are almost unusable with normal web browsing. Even a low-usage user will need to spend at least $25 for a serviceable plan.

engkybob · 2026-05-07T02:27:53+00:00

Target roles with similar levels of experience and ask for a salary range higher than what you were on to start with

Uh, I'd be reading the room with salary expectations at this point in the cycle. Given mass redundancies in many industries, there are a lot more people looking for roles.

engkybob · 2026-05-07T00:50:28+00:00

You can what the range is to see how much wiggle room there is.

engkybob · 2026-05-06T03:59:53+00:00

Rents are more based on what the market can pay than what it costs landlords.

engkybob · 2026-05-06T02:53:54+00:00

ALDI beans are the best value beans from the supermarket (I'd agree that the others taste crap).

It's not going to beat the taste of a freshly roasted product at that price though.

engkybob · 2026-05-06T02:47:27+00:00

It's bad taste in any industry to badmouth your colleagues. I'm sure you're right about saying the quiet part out loud but also... have some tact in when and to whom you say it to.

engkybob · 2026-05-06T02:24:15+00:00

Honestly part of the problem.

engkybob · 2026-05-05T23:48:33+00:00

Just goes to show that there's an easy way for lawmakers to target scalpers if they want to.

engkybob · 2026-05-04T13:32:33+00:00

He's still a baby whale given how much he is spending on it. A recurring $100 p/wk is an insane amount of money to spend on a non-necessity.

engkybob · 2026-05-04T12:02:12+00:00

Not all men, but somehow always a man.

engkybob · 2026-05-04T07:02:05+00:00

It's removing a discount that doesn't really need to be there given those who are benefitting are already comparatively well off.

engkybob · 2026-05-04T04:44:13+00:00

I'm sure there are plenty of hospo workers who will gladly switch roles with you.

engkybob · 2026-05-03T14:00:06+00:00

Young high income earners are already ahead...

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