I rent a four bedroom, 7 year old house for $465 a week, in a newish subdivision. I see no way in the next few years for me to buy a house, Unless I decide to get married or something silly! :P
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I rent a four bedroom, 7 year old house for $465 a week, in a newish subdivision. I see no way in the next few years for me to buy a house, Unless I decide to get married or something silly! :P
Its not too bad lol but as precission is required :D
Rent increase of 24% = $22 as stated on the TV
Previous rent $91.67
New rent $113.67
OK its a little more than I previously posted but going by the posts since sill sounds like they have nothing to complain about to me. Dont know how the rest of you feel about it but if my rent went up from $92 to $114 I would still be stoked and too ashamed to be caught with my mug on the TV complaining about it.
Oh, just checked my post Shasta and I see what you mean
$88 plus $22 = :o
In earlier writing I have used the word crash many times.....
There seems to be a great miss conception of the word... some have rubbished the word, What does the word really mean to others?
anyone got a personal definition of the word?
Im not looking for text book answers, Im just trying to get a better understanding of what others think of it because it can be used in broad terms and taken out of context, or misinterpreted by others?
any of the bulls care to address The Word 'Crash'... Further more, Is a Crash coming in their opinion?....
In the last two months I have seen a clear shift of the bulls thinking...
They now write more bearish... They have backed away from heated debate...
Even Joe Kid scattered after he admitted he sold all his houses...
Remember dudes, the bigger the up and the longer the up... leads to a bigger down and a longer down...
I would have personally liked to have seen the bull last longer, it just makes it all the cheaper at the bottom....
.....
Ive been talking to many people, I know of a few that have gotten in within the last 6months... 'thats worth a log in their pants right now'...
sell to re-enter...
I was told to BUY no longer than two months ago, dating back to the start of this thread...
:cool:
.^sc
Good question Shrewdy. I would say 25 to 30% would be a crash. Im not concerned though. A major fall in rents would worry me more and if they fell to "state house in Christchurch" levels I would probably fling myself out a window. Im picking a 10% drop max and a slight revival come spring 08 followed by about 3 years of sideways
Or Shasta you could look to your local council who have properties like:
Studio $84.00
- $108.50
Johnsonville, Newlands, Wilton, Kilbirnie, Miramar, Strathmore and the Inner City
1 Bedroom $115.50
- $175.00
Berhampore, Newtown, Miramar, Karori and the Inner City 2 Bedroom $182.00
Berhampore, Newtown, Miramar and Karori (stand-alone properties)
3 Bedroom $210.00 Berhampore, Newtown, Karori, Wilton and Brooklyn
4 Bedroom $294.00 Berhampore, Newtown, Karori, Wilton and Brooklyn
5 Bedroom $364.00 Mt Cook and Brooklyn
6 Bedroom $378.00 Newtown
Fleming,
I get a real buzz out of what I do and Im always relaxed...
smiley face and shades would be a great description of me...
-->:cool:....
No tension in my spring what so ever...
I'll be overseas in a few years so I really dont give a cook-a-hoot to what happens in the housing market...
It all just makes for interesting debate...
It would be great to have something to come back to...maybe a holiday home...
My life doesnot revolve around money... I do take a hands on approach with my shares and portfolio which has paid for the student loan...
I dont have a financial calculator, Prob should get me one...
:p
.^sc