The HoS Paid For This?

Silliest column on Housing Affordability since Bernard Hickey turned on his computer.

This trend got me thinking about what our New Zealand dollars could buy overseas. Our dollar is holding its own against the greenback and euro.

I nearly spluttered over my keyboard when I searched the website of France-based immobiliers (that’s French for real estate agents) Maxwell Storrie Baynes. On maxwellstorriebaynes.com I saw my dream home, an architect-designed beauty built in 1974, with an asking price of €1,155,000 (this works out to be approximately $1.8 million at present exchange rates).

Silly bint.

How is she to pay for the mortgage without a job while living there?

  • Michael

    You can buy a large 4 bedroom house in Detroit for about $8k USD, but as you say, where’s the work ?

  • Captain Crab

    Yeah , that and half of France is for sale as owners flee to avoid that 75% tax rate. Property in nearby Belgium/ Holland is going up- go figure

  • ConwayCaptain

    8 years ago friends of mine moved to a lovely little house near Brionne in Normandie. Something out of Hansel and Gretel as part of the house is 250 years old. They are an hour from Rouen and about 2 from Dieppe. I believe the house cost about Eu200K.
    They are trying to sell now and havent much chance as the market has dropped. They want to move back to the UK and they bought when the GBP was down against thje Eu now it is t’other way round.

  • nobby

    Well if Bernard wants to go and relax with the cheese munching surrender monkeys he is welcome to is, and just as a welcome present the new government has imposed this lovely retrospective tax on foreign owned holiday homes.

    ” On Wednesday (July 4th), the French government announced it was to increase taxes on foreign-owned second homes. Tax on rental income would rise from 20 per cent to 35.5 per cent, and capital gains tax on property sales would rise from 19 per cent to 34.5 per cent. The extra in each case is being labelled a “social charge”.”

    http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/9377307/Francois-Hollande-announces-French-tax-grab-on-holiday-homes.html

    • Gazzaw

      “social charge” or “socialist charge”?

  • In Vino Veritas

    Yes, and then there’s the upkeep of the house itself. It probably needs a new roof and pointing. Then there’s the small matter of the grounds. And on and on the list goes. 996K euro? and the rest. That’s why the people that write this stuff are daft as brushes.

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