You like to throw that word around a lot to insult others aye. Says more about you than anything else.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start Date
NZWarriors.com
Had a really interesting discussion last night with a person who actually made Chlöe look like a poster child for Atlas with some of his views... especially on house ownership and renting.
In his view, I am putting the renters of my rental property into a live full of servitude by having them rent our property.
Firstly, we've had three lots of tenants since we owned the property with the first leaving us with $5,000 of repairs after they skipped off to Oz in the middle of the night without giving notice. The second tenants moved out after they had brought their own first home for a lot less than the value of the place they were renting from us and shifted down to Huntly.... so much for a life of servitude we'd condemned them too.
And, yes, the current tenants could afford to buy the place we are currently renting to them and have their mortgage repayments the same as what we charge them in rent.... but only after they had saved a deposit worth 54% of the value of the property.
The rent we charge them each less what they would need to allow for insurance (can't get a mortgage without it), rates and maintenance/repairs. Why? Because as the landlord, we currently pay for these things. Those "costs" for owning the property would become their responsibility.
So, here's the rough figures...
Current rent PW = $650.00
Less rates per week = $80.00
Less insurance per week = $45.00
Less maintenance per week = $55.00 (based on last year's repairs and maintenance costs)
Gives $470 PW left over for the mortgage without requiring additional finance above what they currently pay in rent to own the property.
Given the house has an approximate value of $850,000, using the BNZ's trusty mortgage calculator, that would allow them a mortgage of $390,000 and a deposit of $460,000. So, yes, the tenants could own the house for the same as they're renting it, if they could get that sized deposit together.
In his view, I am putting the renters of my rental property into a live full of servitude by having them rent our property.
Firstly, we've had three lots of tenants since we owned the property with the first leaving us with $5,000 of repairs after they skipped off to Oz in the middle of the night without giving notice. The second tenants moved out after they had brought their own first home for a lot less than the value of the place they were renting from us and shifted down to Huntly.... so much for a life of servitude we'd condemned them too.
And, yes, the current tenants could afford to buy the place we are currently renting to them and have their mortgage repayments the same as what we charge them in rent.... but only after they had saved a deposit worth 54% of the value of the property.
The rent we charge them each less what they would need to allow for insurance (can't get a mortgage without it), rates and maintenance/repairs. Why? Because as the landlord, we currently pay for these things. Those "costs" for owning the property would become their responsibility.
So, here's the rough figures...
Current rent PW = $650.00
Less rates per week = $80.00
Less insurance per week = $45.00
Less maintenance per week = $55.00 (based on last year's repairs and maintenance costs)
Gives $470 PW left over for the mortgage without requiring additional finance above what they currently pay in rent to own the property.
Given the house has an approximate value of $850,000, using the BNZ's trusty mortgage calculator, that would allow them a mortgage of $390,000 and a deposit of $460,000. So, yes, the tenants could own the house for the same as they're renting it, if they could get that sized deposit together.
Imagine thinking this is a good quality take. Imagine.
Who is Jipsi Julz mate? Wtf corners of the internet are you delving into.
NZWarriors.com
Probably better off buying a new mobility scooter & a prostate examine.
The cognitive dissonance of thinking NZ is inconsequential and then posting in the NZ Politics thread all day every day.
Geez you’ve taken your funny pills today!
NZWarriors.com
TBF, the decorum slipping is in keeping with the Christmas tradition of awkward energy at the dinner table as various family members debate politics and start squabbling
Much more entertaining sitting back with a few drinks and enjoying the spectacle unfold
I thought the true measure of a society was how it treats it's most vulnerable.
Not simping for evil billionaires with monocles are you?
NZWarriors.com
I enjoyed the conversation last night Mike, great catching up
Prostate gone years ago and the old Dodge suits me just fine.
Re the prostate thing, big killer of males in this country and a PSA check is a no brainer. I was lucky.
I'm in the age bracket it's probably time in 2026
NZWarriors.com
It is. But that's a different conversation to what constitutes "poor" and "inequality" which are relative terms. Absolute poverty have basically been eradicated in Australia and NZ, and thats left is relative envy.
God, you dont believe the Fixed Pie Fallacy do you? Thought you were smarter than that. Please let me know what makes Taylor Swift evil and how her billion makes you poor...
Wouldn't say she's evil, narcissistic maybe. Ophelia's a bit of an earworm though. Do you like Taytay?
Not sure, does she wear a monocle?
NZWarriors.com
Never seen her act, wouldn't be surprised if one of her many costumes was a robber baron
You havent been forced to give her money? Almost like the amount of money she earns has no bearing on your life...
It doesn't really, and as far as I know she's not telling Swifties the poor shouldn't breed, but I haven't heard all her albums. How about you?
NZWarriors.com
Sorry, but my mum taught me never to meet up with strangers I met on the interweb
What a week, Top8 had dinner with Mike, who still refused to lower the rent, Rick's still cancer free, timely reminder for all of us young men in our 50s, Frank turned out to be a closet Swifty, not that there's anything wrong with that, and Gnome called Wiz a cunt, but we all knew that.
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