HDPA advocates giving Kirsty Johnston a good hard slap

When Heather du Plessis-Allan isn’t trying to find loopholes that don’t exist in gun law she is giving advice to millennials whinging about the so-called housing crisis.

Quite frankly, inner-city kids sound like a bunch of snobs.

If an inner-Aucklander around the 30-year-old mark is complaining about Auckland’s housing crisis, give that person a slap. There’s nothing as unattractive as a millennial playing the stereotype of a spoiled generation, feeling entitled to the good life, and unable to bear buying a house in that part of town. That person deserves a housing crisis.  

Meanwhile in the same paper a few days earlier Kirsty Johnston takes a break from re-publishing dictation from the teachers unions:

This morning I read advice from a mortgage broker which said house hunters just need to give up their Sky TV or expensive cars and they’ll have a first home in no time.

It enraged me. I am one of those house hunters. And let me tell you right now, it’s not the Sky subscription that’s the problem.

Between us, my boyfriend and I earn about $110,000 a year. We have good jobs, and some savings, and could probably scrape enough together using our Kiwisaver accounts to pay for a deposit on, say, a $400,000 home.

There are a few homes we could afford in the outer suburbs, but then we’d be facing a three hour commute each day. At which point, we may as well live in Hamilton. Move, you say? Why should we? I worked hard to build my career and I’m not ready to give it up just yet.

Yes, we are privileged. But we’re not spoiled brats.

Can I suggest we make the slapping session pay per view?


– NZ Herald


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  • Just me

    Take a look at the following data https://www.imf.org/external/research/housing/
    There is a problem.
    Average income in Auckland $78,414 per annum. Average house price in Auckland is $765,000. Almost ten times income… that, according to the OECD isn’t affordable.
    It would be great if Heather remove her head from her rear orifice long enough to do some actual discovery about the increasing issues with the housing market.

    • Second time around

      So a couple buying a house would be on a 1:5 ratio. If they can save, beg or borrow a 20% deposit, then add $100K from two Kiwisaver accounts they will then owe $400K roughly, which at 4.5% pa first mortgage will cost them 18K per year, so comparable with renting. They would be better to buy in a cheaper suburb, but it is certainly not impossible. Also, the Sky subscription is quite large compared with the monthly mortgage outgoings, so it is worth saving.

      • Just me

        This presumes:
        1) They don’t want to have children. And/or one or other is never out of work.
        2) Are earning equally (lets not get started on pay parity)
        3) Want to be in a relationship – because apparently we’re back to being beholden to someone else to make a financial gain.
        4) The equation doesn’t get worse over the coming years.
        5) Participated in KiwiSaver for a minimum of 5 years at the highest saving rate. (Would have needed to in order to save the $140,000 you’re talking about.)
        6) Has financial support from someone else – maybe a parent.

        So yeah, it’s possible. But lets be honest… if it’s tough now.. what’s it going to be like in another 10 years left unchecked?
        In the last 3 months – I’ve been to one auction where the successful bidder wasn’t a cashed up migrant.

        • Second time around

          If they have bought the house and decide to have children they are probably better off than if they stay renting. It is difficult, but the historical comparisons are not that helpful- in the old days it was all based on one income and very high marginal tax rates for the breadwinner. Historically parents would often help with the deposits, and perhaps even expect to live later on in a granny flat on the property. I don’t know how many $340K houses exist, but they are the places to look for, not the $800K.

          • Just me

            It’s the historical comparisons that are feeding the bias of many commentators… “Back when we bought… etc etc” Whilst blithely ignoring all the benefits of free education that were available, the easier ratio, the lack of student loans, not to mention the complete absence of voracious Chinese investment in the Auckland property market. etc.
            Lets stick to the facts… the ratio doesn’t work – where previously it had.

            The fact is, things have changed… and whilst I agree many young people are unwilling to make sacrifices, there are many who do and yet still can’t hope to own a home.

            I’d hazard a guess that many of the commentators complaining about the youth of today own their own home – and have little appreciation for the changing economic impact… no doubt others are grizzling about the low interest rates that they’d like to see increase… (don’t worry that this would have many out of homes)

            Others are clearly unaware you can’t use your Kiwi Saver to purchase a home you don’t intend to live in. So if you’re in Auckland – you can’t realistically buy in Hamilton. The drivel that others (not you) go on with is actually quite sad.

          • Dave

            Student loan. Hmmm Is a student loan needed, partners kids both WORK part time, refuse help from us, and self support. A small loan of approx $120 a week, but last year both paid it off over their summer WORKING time. My kids were pretty much the same, worked HARD. Seems some are very very entitled.

            Some will always have EXCUSES, whilst others just get on and DO.

          • Just me

            I had four jobs, and still had a student loan. I earned just 1,500 more as a first year grad than I did with my four jobs I had for four years. And I worked additional jobs over summer. I still had a loan – albeit a small one.

            Yes, it’s a matter of choice, but guess what? The previous generation, i.e. studying before Ruth’s black budget were paid to study. Things change.
            But it’s amazing how much amnesia seems to impact the “haves” while the “have nots” are actually faced with reality.

            While some get on and do it… others don’t – that’s a fact. But I’m talking about actual statistics. Real problems.

            Hmm… other prefer to bitch and whinge about those who do struggle without the additional support and who are facing saving for 10 years for a deposit that’s increasingly out of reach.

            Yes the media are always going to find the whinners… but it’s time for a reality check. Housing in Auckland is increasingly out of reach for many and the statistics bare out to prove that…

            Compare that to the petulant and sanctimonious anecdotal observations from those who are so far removed from reality (because of chronology and economics) its almost comical.
            The statistics say it all.

          • Dave

            Best advise you can ever get is to go to a hire shop and get a chainsaw. Use it to remove the massive chip from both shoulders, and get on with building a career and profile to get a promotion. Earn more and move forward. Currently any employer or prospective would be turned off by your negativity. Look around, others do it.

          • Just me

            Wow, you’ve just totally turned me around with your erudite assessment!
            I just love it when people make a habit of ill-informed commentary and make personal attacks on individuals when were in fact discussing contemporary issues and implications.
            I also really enjoy the commentary from people who either haven’t read the thread properly… wow employers love people with a lack of comprehension skills.
            Where’s the moderator when you need one?!

          • one for the road

            Plenty of houses selling below $340k outside Auckland, just take command of your life and situation and move, most bigger towns will have jobs that pay similar wages.. Yawn!

          • Just me

            Only catch is that my job doesn’t exist outside of Auckland. Small hitch.

    • So don’t buy a house in Auckland. There is nothing wrong with buying a cheaper house elsewhere and commuting to Auckland.

      My new neighbour did just that.

      • Just me

        Lucky them. They obviously don’t have dependant relatives they need daily access too.

        • You know what they say about assumptions?

          They have 3 young boys (eldest is 8) who are going to the school around the corner from us. The wife is looking for a job locally. The husband is commuting.

          • Just me

            Exactly my point. They can clearly make it work given their circumstances… not everyone has that option.

          • The point you’re missing is that if you want to own your own home, you need to look at changing your circumstances.
            And one of those is deciding to not buy a house in Auckland. And that may mean changing where you work.

            There are a number of fairly decent properties in the Waikato for under $500k (yeah some shoclers as well, but you have shockers in Auckland as well)

            And a number of them are an easy commute to Auckland.

            And we’re talking about owning your own home to live in, so the KiwiSaver comment is irrelevant.

          • Just me

            I have just bought a house, in Auckland – after years of saving and knuckling down and living in rental dumps as to not waste money. I guess I’m coming from a place where I actually appreciate the struggle.

            As I work around 10 – 14 hours per day so an additional 2.5 hours of commuting simply doesn’t work. Mental health isn’t something I’m keen on trading in.

            My job doesn’t exist outside Auckland. So that’s irrelevant.
            As for the Kiwi Saver – many people have looked at purchasing as an investment to get them into the market, but Kiwi Saver doesn’t allow that. And I think that’s VERY relevant to the context of financial security.

            The market is out of control. Len Brown is to blame, as it John Key. I can tell you now that the Chinese “investment” is building a Ponzi scheme that is bigger than a few 20 somethings whinging about the market.

          • Congratulations for buying a house.

            I’ll take your word for it that your job doesn’t exist outside of Auckland, and the hours you are working would indeed make commuting hard.

            But that is not the case for many people, and I think that is one of the points being made. Parts of the Waikato involve not much more travel time than some of the Auckland suburbs do, and houses are on average a lot cheaper.

            And for Kirsty Johnson and her boyfriend, on their combined $110k there are a number of $400k options that are nice if sh looked at living outside of Auckland.

          • Just me

            Thanks – I feel well chuffed at finally “getting into the market”.
            Agree – but it’s not always as cut and dry as you think.

  • KGB

    How many spoiled brat stories must we endure?
    I have little sympathy for those who don’t expect to have to make changes in their lives to get on the property ladder.
    There are so many options that the spoiled generation refuse to explore based on ridiculous expectations.
    Can’t afford a house in Auckland – move. But for goodness sake quit whining about only earning huge salaries that many families can only dream of and expect my sympathy.
    What do they honestly think embarrassing themselves in ‘a newspaper’ day after day, week after week, will achieve?
    Do they think the Government will order everyone to sell their homes at half price so the couple only earning $200k can buy a home in the perfect leafy school zone? (That particular whiner shocked me. Been living overseas returned to Auckland to raise a family, but cannot scrap together a deposit on $200k, so they’re off back overseas!)
    Or Do they expect that AC will stop charging $130k to subdivide a section so bare land is cheap enough for that 4 bedroom, 3 bathroom, double garage, brick & tile dream?
    Suck in up petals and start thinking outside the box. Otara is the new Grey Lynn. Once apon a time no one would have slummed it in Ponsonby either.

    • Crowgirl

      I managed to raise $30K on my own on an income of a quarter of what they’re bringing in, in about 5-6 years, and I didn’t go without much either. Sure I didn’t have sky, broadband or a car and my apartment is just that – an apartment – but I still managed it.

      The key is to be disciplined and diligent -work out how much of your income can be saved out of each pay check and bank it. I used to put aside a minimum of $300/fortnight out of my pay check after rent/bills etc. I wasn’t even that disciplined – sometimes interest earned allowed me a little leeway etc and I could’ve saved harder than that most likely.

      I would love to be able to work with 200K a year. They are only suffering from a poverty of imagination.

    • D-Rad

      You say that scraping together a deposit on $200k is simple(we don’t earn $200k)? Have you seen the rents in Auckland? You need to take that into account. Renting in Auckland is nuts! Move? Where? You say that likes its a simple thing to do, especially when you are young and really just starting to build a career. We have thought about going to Wellington, but we would both have to find new jobs, which means another mark on the CV of a job change for no apparent reason, new daycare for our son, find another rental until we have saved that money for a deposit.
      The advice should be, if you can have some deposit, invest it, grow it, invest in property somewhere else, let that property make you money. However, you still won’t be raising your family in your own home.
      Spoiled brat? I would happily take a two bedroom unit to get us started. But I’m sure as hell not paying $500k for a run down unit with no section in a crap suburb, the market is nuts, the value for money is non-existent. AC need to release land, extend the urban limit, forget this insane dream of a ‘compact’ city.
      As for moving to Huntly or some other town thats hours from Auckland (in traffic -which it is) I would never see my family, our son wouldn’t know who we are. That would mean leaving home at 6.30 to be at work, getting home at 7 or 8 at night. That’s not a life, that’s barely existing.

      • metalnwood

        The herald has also had stories recently that have people overcoming all of those hurdles because they didn’t see them as huge barriers, just things they need to do.

        Yes, things are expensive but you have made a choice, to not buy what you can afford because you dont like it.

        What else is there to say?

        • Crowgirl

          Agree – buy the best you can afford just to get on the ladder and build equity to leverage later on something else.

      • KGB

        I know it’s hard. We moved the Auckland in 1999 with $80k and could not stretch to a house.
        We had made poor business decisions and were starting again late in life.
        We bought a peice of land on outskirts and lived in a shed for 6 years. Then borrowed more to start another business, later more to build a small house.
        Our $650,000 mortgage nearly broke us at times. Didn’t live much, we existed.

      • jcpry

        Our first house was in a very much less than desirable suburb and yes I left before the kids were up and got home in the dark – that is when I wasn’t flying all over the country. We saved like heck to get the deposit and worked even hard to get rid of the second mortgage.
        The big difference? There were very few distractions – no coffee shops, cell phones, Sky TV, Netflix etc to fritter away our income.
        It seems that there are too many people looking for excuses and those who want to get ahead will.

      • Momo

        I work at part time at a public hospital and quite often those are my hours. My husband works for himself and his hours are much worse. He often only sees our children in the weekend. This is not “barely existing”. It is sacrifice so we can get ahead.

      • KatB

        No doubting things are tough in Auckland and I’m glad we’re not dealing with that where we are. The hours you talk of being away from home if you were to commute from satellite towns, I think would be very common. It is in our household. Sad, when the kids miss out on time with parents, but that there is another issue, when to start a family. A few generations ago, some men put off getting married till later in life, when they could support a wife and family. This made them older dads and probably meant they missed out on a lot of quality family time. But back then there was no government financial support, they had to support themselves. I think each generation is faced with obstacles to achieve the goals/wants/needs in life. I guess it’s what we want to sacrifice that’s the big dilemma.

  • metalnwood

    The problems with Kirsty’s article were that she was looking at average prices. An average priced house doesnt have to be your goal. When there is an average you can bet there are houses for less. My parents bought one in otahuhu 6 months ago for $340k. Hardly a three hour commute.

    I empathise with her a little, we have all been there when we are young and we have a reasonable income. For once we have some financial freedom, we have sky, we eat out, we dont have to budget for the dinner shopping. We buy ourselves coffee every time someone in the office asks if we want a coffee.

    Been there, wasted a lot of money. I see her predicament. No doubt she doesnt want to give up her newly found (relative) financial freedom.

    Thats her problem. That and wanting something she can’t afford when she can afford something. If she wants to throw her hands in the air and go Whoa me then thats her problem.

    A better attitude would see her do better but at the expense of some of her financial freedom she puts ahead of a house. It’s a long term game though Kirsty.

  • Backdoor

    Actually Kirsty Johnson makes a good point about living in Hamilton. There are many small towns between Hamilton and Auckland where $400,000 would buy a top quality house. After all Huntley is only an hour from Auckland Central when the traffic is light. Another half hour would allow for rush hour traffic. Sounds like sense to me.

    • metalnwood

      Yes, she is also a good candidate for working from home anyway. Just search her on the herald, there is no ‘on the scene’ investigative reporting going on there.

    • KatB

      People will probably laugh at me here, but I’ve often wondered why Ngaruawahia hasn’t taken off. It’s really well located I think. I guess there are obvious reasons why it’s not popular, to those that know the area well, but if enough people moved in and raised the profile a bit, it could become a good place to live. To me, it’s a town ripe for the picking.

  • R&BAvenger

    Can’t afford to buy in Auckland and too much of a snob to buy in Hamiltion, where you can afford to buy and get onto the property ladder? Getting onto the property ladder is the key part, you don’t have to give up your ‘career’.

  • Jman

    In defense of todays generation of first home buyers, it is incredibly hard to get on the property ladder – far more so than in the past.

    15 years ago, which is when I bought my first house, the average weekly earnings in Auckland was around $720 per week. Today it is $1130. So income in this period has gone up approximately 50%

    Back then the average house price in Auckland was around $300000 while now it is around $800000 – an increase of about 166%

    Combine that with needing to save a 20% deposit and it seems to me the only way an average income earner can make it is to live like a hermit.

    • rangitoto

      True but interest rates are much lower now than they were fifteen years ago.

      • Just me

        I think you’ve inadvertently highlighted the issue.

        Interest rates might have been higher – the perceived cost of the loan was higher… but as a ratio to earning – manageable.

        And without the LVR – much, much easier to get onto the property ladder back in the day. Far easier to get the deposit, even if the burden of the loan were to last longer or be less affordable to pay for…

        If you had bought 15 years ago. You would have at least been on the property ladder.
        I’m sure many of today’s 28 year olds are simply kicking themselves they didn’t buy at the grand old age of just 13.

      • Jman

        Interest rates back then the OCR hovered around the 5.5% mark while now its around 2.5%. Banks will charge about 2% on top of that so call it 7.5% and 4.5%.

        7.5% on a $300000 mortgage will cost you approx $2000 per month.
        4.5% on $800000 will cost you approx $4000 per month.

        So today you’re paying twice as much but income has only gone up by 50%. Therefore, while the lower interest rates today do help, they are only a small factor which doesn’t come close to redressing the imbalance between price and income increases.

      • Keeping Stock

        We started off in 1982 with a Housing Corp first mortgage at 18%, and got our second mortgage from an insurance company at 22.5%. We managed to clear the second mortgage in five years, rather than the ten we had signed up for, and it felt like we’d won the lottery.

        • KatB

          I started working in the mid 80’s, so I was at the saving, not borrowing stage of my life. I remember the interest rates being huge, which suited me as my money was going in the bank, not coming out. When things were good a few years back, it amazed me how people my age borrowed up large, a lot to their limit. All I could think about was how high interest rates had once been, I wondered surely others my age would remember too and not borrow with gay abandon like they did. Times have been good for quite a while now, people don’t seem to know what to do when they’re not so good.

  • Keeping Stock

    My then-wife and I got our first house in the early 1980’s. We got lucky getting a small section in a good street, and we had a very basic 988sqft home built. We had two mortgages, were in debt up to our eyeballs, but we cut our financial cloth to fit. That actually meant GOING WITHOUT, which I know is an alien concept to today’s young people.

    We couldn’t afford a garage straight away, so we saved hard until we could. Once the garage was built, it was another year before we could afford to get a concreted driveway done; we made do with gravel, and didn’t worry about what the neighbours thought. We didn’t have carpet straight away either. And we delayed starting a family until the second mortgage had been paid off.

    As much as I hate to say it, HDPA is right. Generation Me wants everything, wants it from the top of the range, and wants it now. Whilst it’s great to be aspirational, you have to be pragmatic as well.

    • Dave

      100% with you there KS. I recall having visitors a few months after we got our first home, we had to borrow a spare bed, and bedding as we didn’t have enough. The spare sheets were all over the windows as temporary curtains, and in winter a blanket was put up as well to hold the heat in. Didn’t even have a TV for six months. I wonder how many young couples go without a tele?

      • Ruahine

        That sounds like us.

        • Keeping Stock

          And there was nothing abnormal about it either. Almost all our friends were in a similar boat.

          The first step on the property ladder doesn’t have to come with an internal access garage, walk in wardrobe and ensuite. Those are the kind of luxuries you earn later on.

          • Dave

            Garage…….. We didnt have one, i borrowed a few dollars from mum and dad for a well used single garage and moved it, then erected it on site, without a concrete floor for a few years. After 5 years living in our first home, we had paid off our second mortgage paid & our first child born, the shower over the bath had started leaking, but….. no money to fix it, so, necessity the mother of invention kicked in. the wall panels were leaking, i installed clear plastic all round the shower/bath, so the water ran into the bath. We lived like that for almost two years, me working my full time job, a part time job, plus studying at uni and my wife working 4 hours most nights to get by. I agree its tough for a lot of young ones, they have never had to cope with what was normal for a lot of us.

    • Quinton Hogg

      when i arrived in Auckland I flatted for a while and accumulated stuff.
      Then I bought an apartment on Dominion road. the council very kindly bought it off me some years later. We, as my now wife was involved, purchased in Sandringham where we still live.
      i didn’t want to live there but now i won’t leave the place as it is happily close to work, sports activities, schools for the kids.
      It may not have all the bells and whistles but they aren’t everything.
      It is a place where function trumps form which is something the house and garden types who want everything now don’t appreciate.

    • mixedblood

      We had 2 mortgages at that time also and recall interest rates going up to 20%. Our combined income was about $30k a year. We wnt without for years to be able to afford shed, landscaping etc. We had to practise for years before we could afford a family.

  • JohnO

    There are plenty of 3 bedroom houses in West Auckland in Ranui and Massey with a 600 square metre section going for $600,000. Interest at 5% is 30 k per year with enough left to pay down the principle. Where is the problem? Oh she wants to live in Remuera or Ponsonby, or Epsom. That is where house prices go to 1.8 million.

    • Momo

      1.8 million in Epsom will get you a basic 3 bedroom. Maybe.

  • rua kenana

    If people want the perceived goodies of living in Auckland they should also be willing to put up with the bads, including high prices and massive congestion.
    High house prices are good. Right now they’re almost the only thing preventing Auckland from descending into total chaos.

  • rexabus

    They wouldn’t dream of saying it but what their actions suggest is they wouldn’t want to go live where the brown people are or where most people don’t go to cafes.

  • CheesyEarWax

    Subscription based business model is what holding back a lot of people now days. I ditched Sky even though I can afford it, its a waste of money. So are smartphones and data plans, just get a cheap Android and use talk and txt plans, they are cheaper than data plans. Same goes for gym subscriptions, take up running, its free and also you don’t need to wear fancy gym gears and drink protein shakes.
    The only monthly payments young people should pay is for power, water, and Internet/telephone.

    • Papillon

      Hear, hear. I’m in my thirties and am often mocked by my friends for being a ‘Nana’ because I have an older Android phone on a text/call prepay, and like you recommend, I have no subscriptions. But what I do have is my own home and a rental in Auckland, while my friends all rent. So while they mock me, I quietly take it on the chin and feel thankful that I’m not beholden to all the latest fads and devices and don’t suffer FOMO. I reckon I get the last laugh.

    • Jafarma

      Never bought bottled water in my day either; it didn’t exist! nothing wrong with tap water then and still isn’t now. Save the $s and dont buy it.

    • rexabus

      Totally agree. Talk to most average folk who have got a property or few and you’ll mostly see the same avoidance of unnecessary spending. Even when things get comfortable those habits are hard to break and the people who’ve earned it the hard way won’t be throwing their money away even if they can afford to

  • lyall

    One thing i always wonder about the ‘housing crisis’ in Auckland – eventually with our aging population many homeowners will die off at an above average rate and leave their homes behind, or has a house in Auckland become so precious that aging homeowners are currently turning them all into trusts?
    Either way as our aging population moves to greener pastures will this free up enough real estate to control the cost of homes or will immigration keep Auckland prices high forever?

    • Miss Phit

      Interesting point. When the baby boomers all start to retire and downsize their assets. maybe the market will be flooded and the correction will happen.

      Or maybe not, maybe they will become the new land lords while living in their new smaller houses. Either way it will be a correction unless the craziness continues and the ass falls out of the market taking us all with it.

  • When I was a student, I lived over 100km from where I studied. I belonged to a lift club that had 5 of us in (I was the only student, the other 4 were all staff members on campus). We each drove one day a week. It worked well and we didn’t have to live in Durban which had higher costs.

    • Momo

      Exactly. After I graduated from University and got a job, I signed over 5% of my pay to a Superannuation savings scheme. I never had it so I never missed it. Then I lived like a student for 2 more years. Student loan paid off. Didn’t own a TV. No Sky. I used to buy takeaways as Thai would last me at least 2 meals. I still went out and had fun.

      It can be hard but it’s more an attitude.

  • one for the road

    It would seem that the world (according to the MSM) is a “glass half empty”, that everything and everybody is against the poor individuals.

    A good example is the series that Granny Herald is currently running about the “Auckland Housing market, where 90% of the copy is about how bad it is, examples of people who dont know what to do, etc….

    What about more articles on a positive “glass half full” basis, with good advice and examples… ones with solutions instead of problems… Seems like everything is doom and gloom.

  • KGB

    I have searched some statistics on Auckland housing but have to go by the 2013 census.
    At that time there were 473,451 houses in Auckland.
    61.5% – privately occupied houses.
    41% – 2 person dwellings.
    70.3% – occupied by families.
    Migrants (Indian & Asian especially) pool resources and homes often house 3 generations. This is one reason why they manage to outbid at auction. And the main reason they are less affordable to our ‘western nuclear family’ living.
    NZers will have to suffer living together more in the future, not just to save for a house, but to own one.

    69,000 State Houses in Auckland. There are obviously 2 options sell-down that stock, flooding the rental market to reduce rental costs. (Imagine the outrage) Or sell down that stock to flood the property market and reduce house prices. (Imagine the outrage)
    The Government simply should not own 69,000 houses in Auckland. How did that happen?
    Does the Goverment own that percentage of homes in Paris, Sydney, or New York? I very much doubt it. London, maybe because we have copied their over-the-top welfare system.
    How long do we keep providing cheap houses in our most expensive city for long time unemployed? How long do we subsidise private rentals for the benefit of landlords? (81% of tenants in Auckland, rent from private landlords. What percentage receive WFF to afford it?)
    The horse has no doubt bolted in the Auckland property market, but the solutions are unpalatable to most.

  • Dave

    Aha, Heather has missed the most important part, and the easiest path to home ownership.

    Marry well, find a semi retired old reporter express undying love and, …….. House.

    Problem solved.

  • Jax

    Almost certainly get slapped for this and yes yes I know others earn a lot less etc etc – but I dont consider 110k for 2 people a good income. This view that it is a good job/income is part of the problem. Earning more and raising incomes is the answer here.

  • Miss Phit

    I listen to teh youngsters at work moaning about not being able to afford a house. Then in the next breath they talk about the weekend they had or the holiday they are going on/have been on. Then they answer their new iphone or whatever on some monster plan and show everyone their new wheels or tyres on their new car. They moan about nothing being on TV with all the chanels they have on sky etc.

    I sit there and dont comment – doesnt do any good – and think about what we did to save out deposit. No junk food, walking/running everywhere, living in cheap rundown flats in undesirable areas, no car, no TV for the first 2 years – we had a clock radio for entertainment LOL -, one of us was a student at uni and we were doing two jobs each to make ends meet and also save for our house. Yeah it hurt being left behind when our mates did stuff, but we are almost there now (almost at 100k left) and our mates are struggling.

    Sympathy for their plights? Nope. Stop wasting money, stop splurging on garbage and save like demons.

  • Digger

    Once upon a time (as all good fairy stories start) young people learnt practical skills from their parents and the local school (which they walked to). Their first home was furnished with second hand furniture, the men poured the concrete paths and drive and built the extension. The ladies made the curtains, painted, gardened, fed the lads and raised the children. Today’s young seem to only have keyboard skills and want everything right now, brand new. A raging generalisation, yes. But find me a 25 year old who can hammer a nail as well as he can text!
    The point I’m making is that DIY can bring alot of pleasure and save alot of money – just the ticket to getting into your first home.

  • anniem

    3 hour commute?? What outer suburb is she talking about?

  • Miss Phit

    Fertile ground for the Centre left to capitalise on. Sort out the Auckland council and their refusal to create green fields and that would give some respite. Slow down the migrants coming here to buy and retire (not saying stop it but slow it down – be more selective). Sort out transport (better roads and motorways) to get people moving which will get people out in the burbs but with a connection to the city. Move businesses out of the crazy central city zones and put them in the burbs (its worked in Chch so could work elsewhere) so people dont have the crazy commutes.

    The problem is that the money invested now is at unsustainable levels so any correction by the govt could cause it to all come crashing down and resulting in people losing everything on their over capitalised property – if you owe twice what a place is worth would you pay or just walk away?

    Its not an easy fix and its as some have said different for kids now than it was for some of us, but we cant all live in the central city (unless we want PDB and his mates little boxes stacked in slums) and maybe its more about the social things in life than actually living elsewhere. If you want the lifestyle and dont want to move and want to stay in the city then renting is probably your thing anyway.

    I guess the drive for kids to flock to the big smoke rather than stay in the country years ago has started the trend and its not changed now.