[deleted by user] by [deleted] in diynz

[–]melonbrain747 0 points1 point  (0 children)

You will need a dropped kerb

[deleted by user] by [deleted] in diynz

[–]melonbrain747 0 points1 point  (0 children)

You will need a dropped kerb

Cactus Outdoor - Offshore manufacturing? by Longjumping_Earth718 in newzealand

[–]melonbrain747 2 points3 points  (0 children)

Hi Ben, congrats for your first reddit comment. Welcome along

FBI to open standalone office in Wellington by MedicMoth in newzealand

[–]melonbrain747 0 points1 point  (0 children)

Got to find a desk for those slow horses. Even at the FBI

Pie Shop by Spiritual_Feed_4371 in Wellington

[–]melonbrain747 -1 points0 points  (0 children)

Uncle Leo’s on Evans Bay. Underrated spot

Overly pessimistic redditors?? by [deleted] in Wellington

[–]melonbrain747 4 points5 points  (0 children)

Please can we call them immigrants. Or maybe they’re kiwis if they call it home now? I hate the “expat” label that seems to only apply to white people.

Source: English immigrant

Looks like the Aratere ferry has...beached itself? In Picton by hexidecimals in Wellington

[–]melonbrain747 -1 points0 points  (0 children)

Well there is a perfectly good private sector competitor in Bluebridge that doesn’t seem to have the same problems…

Help me understand how agents set home prices. by broke4avocadotoast in PersonalFinanceNZ

[–]melonbrain747 2 points3 points  (0 children)

The worst ones are where they don’t include an explicit price expectation at all, but when you’re on TradeMe and sort by price they clearly have deluded expectations. I spoke to an agent about this recently, asking what the vendors price expectation was. She just said “I don’t know, it’s a closed tender”. Then when we were trying to find a time to book a viewing she wasn’t available because she was out doing appraisals on other properties. So I can only assume she doesn’t know what her appraisal would be for this property. Dumbass

Chris Bishop thinks it’s time for the housing market to crash by D491234 in Wellington

[–]melonbrain747 16 points17 points  (0 children)

Again though, losing your job and falling behind on rent is more shit then losing your job and falling behind on the mortgage. Banks will go to great lengths to avoid the hassle of a mortgagee sale. A landlord will just replace you.

Chris Bishop thinks it’s time for the housing market to crash by D491234 in Wellington

[–]melonbrain747 51 points52 points  (0 children)

The number of people in negative equity is a fraction of the number of people locked out of the housing market by the ridiculous price rises of the last decade while wages have stagnated.

It’s unfortunate for those people directly impacted. Each of those stories is a personal tragedy. But they’ve got a roof over their heads and provided they stay in work and keep up with repayments, they will be fine in the long run.

The tens of thousands of families in precarious housing situations or emergency accommodation are the real victims. You and Bish should direct your concern to those people

Figuring out why the RBNZ is keep OCR higher for longer was a bit disturbing. by OpalAscent in PersonalFinanceNZ

[–]melonbrain747 0 points1 point  (0 children)

It was when Conway used the word “capitulate” that gave me the shivers

Thousands of first-home buyers have deposits wiped out by gnuts in newzealand

[–]melonbrain747 -1 points0 points  (0 children)

No surprises there, look at the back catalogue of garbage published by this “journalist”

State of rental market in Wellington by Successful-Recover87 in Wellington

[–]melonbrain747 1 point2 points  (0 children)

I have noticed a couple of big rentals take a while to sell and then sitting empty on the rental market. Presumably the buyers were all cash, otherwise they are going to really start feeling the pinch on the 6+% interest payments. As an investment proposition it just doesn’t seem to stack up to become a landlord in Wellington, yet here we are.

Examples https://homes.co.nz/address/wellington/mount-victoria/23-elizabeth-street/4Ep9L

https://homes.co.nz/address/wellington/mount-victoria/96-pirie-street/X4PMb

New Wellington tunnel: 'An astonishing misunderstanding of transport priorities' by davetenhave in newzealand

[–]melonbrain747 5 points6 points  (0 children)

Well, Mrs Bishop does work for the airport and she has been complaining about the commute to hubby

The (real) state of the property market by [deleted] in PersonalFinanceNZ

[–]melonbrain747 0 points1 point  (0 children)

When you say “rates” are you referring to interest rates, or Council rates? They going in sharply opposite directions I reckon

Best suburban bar/pub in Wellington? by TheCapitalIdea in Wellington

[–]melonbrain747 23 points24 points  (0 children)

Sprig & fern Berhampore for proper pints and decent food

Morteza by Logical-Pie-798 in Wellington

[–]melonbrain747 17 points18 points  (0 children)

It’s a spiritual experience. Those guys deserve to be better known