NZ 1st homebuyers are ScReWeD...

[TeslaGod]

Attachment 13036
I prefer doing my own research than what the left wing drivel the Dom Post releases.

Fyi I represent the purple line.

[dobby41]

Fyi I represent the purple line.

So the line of credit that you have isn't a mortgage?
I certainly understood from your very opaque posts that you had borrowings on your property so you would be in the light blue line?
Maybe I got that wrong - or do you speak with a forked tongue?

[SBQ]

So the line of credit that you have isn't a mortgage?
I certainly understood from your very opaque posts that you had borrowings on your property so you would be in the light blue line?
Maybe I got that wrong - or do you speak with a forked tongue?

Don't worry, those in the TeslaGod's camp will never allude others to believe any different. He's only telling half of the story.

To me that chart tells me (with my basic math of 24.3% + 12.4% = 36.7%) that existing multiple owners who buy cash or mortgage, represents the largest share of house purchases in NZ - regardless of which year. A real sad case.

[Bjauck]

Attachment 13036
I prefer doing my own research than what the left wing drivel the Dom Post releases.

It depends what you mean by “largest buyers”. It also depends on how you segment the categories of buyers. “First Home Buyers” in that graph not being further segmented, whereas multiple property owners were sub-divided into cash purchasers and those who took out a mortgage. Multi-home owners comprising 36.7% of purchasers.

[artemis]

Attachment 13036
I prefer doing my own research than what the left wing drivel the Dom Post releases.

There is also the Reserve Bank's monthly C31 report. It includes bank lending amounts and actual borrower numbers, both by type of borrower (OO, FHB, investor, business). Not the same data as CoreLogic reports but interesting in part because it goes back years so shows trends.

For example, the % of rental investor borrowers has been dropping, down about 4% this year so far. A trend.

[TeslaGod]

Attachment 13036
I prefer doing my own research than what the left wing drivel the Dom Post releases.

I stand by my statement and the facts.

First home buyers are not struggling it's a myth exaggerated by left wing media.

First home buyers are over paying for property through fear and greed.

That is why the RBNZ is stepping in to reign FHBs in with further restrictions.

[dobby41]

I stand by my statement and the facts.

But no answer to this?

So the line of credit that you have isn't a mortgage?
I certainly understood from your very opaque posts that you had borrowings on your property so you would be in the light blue line?
Maybe I got that wrong - or do you speak with a forked tongue?

[TeslaGod]

But no answer to this?

Read the chart

Your embarrassing yourself.

[TeslaGod]

Don't worry, those in the TeslaGod's camp will never allude others to believe any different. He's only telling half of the story.

To me that chart tells me (with my basic math of 24.3% + 12.4% = 36.7%) that existing multiple owners who buy cash or mortgage, represents the largest share of house purchases in NZ - regardless of which year. A real sad case.

I thought the thread was "First home buyers are SreweD".

Not " I have tall poppy syndrome because someone has more money than me"

[Bjauck]

It depends what you mean by “largest buyers”. It also depends on how you segment the categories of buyers. “First Home Buyers” in that graph not being further segmented, whereas multiple property owners were sub-divided into cash purchasers and those who took out a mortgage. Multi-home owners comprising 36.7% of purchasers.

I thought the thread was "First home buyers are SreweD".

Not " I have tall poppy syndrome because someone has more money than me"

From your chart, First home buyers are clearly outnumbered by buyers with multiple homes. SBQ was pointing that out.

As you may have alluded to before, I do think that there is a bit of fear or more specifically, FOMO, with some buyers fearful that they will forever be outpriced and shut out of home ownership. Perhaps that FOMO was stoked by early pandemic forecasts suggesting that house prices were going to drop instead of which they have materially increased! However unlike you I do not think that fear is out of greed, but rather, out of the fear that the natural desire to provide for a home with security of tenure, and not subject to a Landlord’s agenda, will be frustrated.