The street seems to be improving - the two level wooden state houses have been replaced by quite nice single level stone houses.
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The street seems to be improving - the two level wooden state houses have been replaced by quite nice single level stone houses.
You dont want to live in Hampshire St Shrewdy. For a few extra bucks I'll sell you a house, and you get me as a neighbour for free!
You know what you've gotta do SC: head overseas, earn pounds, come back, triple your savings, and wander around the open homes with your cheque book.
An EU passport is your golden ticket.
1...your damn right I dont want to live on Hampshire street serpie...Quote:
quote:Serpie-
1...You dont want to live in Hampshire St Shrewdy
2...For a few extra bucks I'll sell you a house, and you get me as a neighbour for free!
3...You know what you've gotta do SC: head overseas, earn pounds, come back, triple your savings, and wander around the open homes with your cheque book.
An EU passport is your golden ticket.
cantab is mad as a meat hatter....
2... for a few extra buck eah... what like $190,001 or $190,002...[:p]
3...Im still planning to work in China the year after next....
and then go to Europe with a friend in 2010 for a working holiday...
A house is always the goal, if I accomplish all my other goals then a house will come...
if I buy a house then my other goals will majorly be sacrificed because mortgage payments will soak up all my earnings like a sponge...
so unless housing falls or a sustained period of sideways movement then I have no choice but to follow the other goals...
its one or the other in the current market...
Mackdadunk,
Im 22...
and I donot think its the wisest move for me to be free hold when I am a 52year old man...
if the house is worth 1 million when im 52, then I still dont think it would be a wise move for me...1 million in 30years is not where this shrewd one is heading... if you are still closed minded on the situation then thats ok...
you are stubborn like me, and I'm not in the slightest bit convinced that you see it from my view... why would I want a 1 million dollar asset only when im 52?
(if thats where property is heading)....
[8D]
.^sc
Shrewd
Wait a few years & your shares will allow you to pay for your house in cash.
Well thats my plan & i'm 30
shasta,
If a house cost 250k to buy...
and IF I had that cash sitting there then I'd have two options...
1, put into house...
2. earn after tax cash flows to beat the rent payments...
If I could earn 10% after tax cashflows then thats 25,000 per year...
thats $480 per week... Id be looking at $100 per week in rent in CHCH ATM...
the point that mackdadunk makes is that your using other peoples money and therefore
your small downpayment controls the total movement in valuation...
this is a valid argument...and does counter the whole rent example... but if you are talking about opportunity costs, and you are better off after the rent payments then thats not such a bad thing is it?
[8D]
.^sc
You don't need to own a house & tie up that much money & incur debt.
Exactly Shrewd, the new breed of Gen X & Gen Y's will likely not own homes to the same degree as other generations have in the past & is that such a bad thing?
I'd rather pay rent & have the money working for me in the market too, as im doing.
Or if you make serious $$$$$ in the market build your own house then use the equity in home to take a new loan to invest into the sharemarket through a trading company which has an office in the home plus loan interest, power,internet,sky tv,mags,overseas trips etc cost you can claim against your %33(or soon to be %30) tax rate-while giving you protection of major losses to be also writing off in future profitable tax yrs;)
I'd rather pay interest on the funds invested which i can write off at the end of the yr and pay little rent
Yeah but Shrewdie, tell me another street in Christchuch that has got its very own policeman? [8D]Quote:
quote:Originally posted by Shrewd Crude
1...your damn right I dont want to live on Hampshire street serpie...Quote:
quote:Serpie-
1...You dont want to live in Hampshire St Shrewdy
cantab is mad as a meat hatter....
Informative article in the Christchurch Press on Hampshire Street, which prompted me at the time to go down and have a look.
Interesting what the Police northern area commander had to say in the article:
The Police northern area commander, Inspector Andy McGregor, says the sense of pride in the Aranui community has resulted in a decrease in crime.
"People have a greater sense of pride in the place," McGregor says. "You can drive through without seeing all the broken-down cars, and the houses seemed more cared for."
McGregor says community constable Andrew Millar has been stationed on the street for the past three or four years. The community now trusts him enough to seek his help and report more crimes.
McGregor says the public's perception of which streets have the most crime, such as Hampshire Street or Emmett Street in Shirley, are not always correct. For example, Memorial Avenue in Burnside, with many well-tended and expensive homes, has higher overall crime levels than Hampshire Street.
Sides of the street
The Press | Monday, 26 March 2007
http://www.stuff.co.nz/thepress/4003652a13135.html
J B Merc - Absolutely spot on.
Cantab - it must be karma: I give Hampshire St a hard time, and you respond with a press clipping about Emmett St. I have a property in Emmett St!!!
I spent a night on patrol with a policeman friend of mine a few months ago - in a much rougher town than ChCh. We toured an equivalent state housing area in his town, and he said that the transformation has been amazing.
No old cars - just well tended yards and obvious pride in the community.
I live in a "rough" part of town myself, and you'd be mad to break into a house in our area - you'd get killed!
That's bizarre Serpie and it gets even even more so because I once had a girlfriend who lived in Emmett street.Quote:
quote:Originally posted by Serpie
Cantab - it must be karma: I give Hampshire St a hard time, and you respond with a press clipping about Emmett St. I have a property in Emmett St!!!
I spent a night on patrol with a policeman friend of mine a few months ago - in a much rougher town than ChCh. We toured an equivalent state housing area in his town, and he said that the transformation has been amazing.
No old cars - just well tended yards and obvious pride in the community.
I live in a "rough" part of town myself, and you'd be mad to break into a house in our area - you'd get killed!
A few years ago some people from Europe wanted to see the real Christchurch so one of the places I took them was Hampshire Street. They thought it was not too bad at all and it has improved a lot since then.
I think that house would be good for Shrewdie, not only would he be shrewd but he would be streetwise. [8D]
Your tour just shows what can be done - as they say with any rental house - it gets the tenant it deserves. Give these people nicer surroundings and they will take pride in their homes, gardens, etc. I am sure there are a lot of good people living in Hampshire Street.