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[QUOTE=JBmurc;894772][QUOTE=fungus pudding;894708]
 Originally Posted by JBmurc
LOL yah sorry about that >> what I Should have said was BUYing a Residential freehold property without having a morg reg on the title is a great achievement
How about OWNING a res. property without a mortgage......etc. You can purchase it with a mortgage or two - repay them as your circumstances allow - then refinance, creating a tax effective mortgage.
Last edited by fungus pudding; 12-07-2021 at 08:15 PM.
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[QUOTE=fungus pudding;894783][QUOTE=JBmurc;894772]
Originally Posted by fungus pudding
How about OWNING a res. property without a mortgage......etc. You can purchase it with a mortgage or two - repay them as your circumstances allow - then refinance, creating a tax effective mortgage.
Yes for sure .. we had a Morg over are last family home along with a company loan >> we decided to change tack sell the family home and move to a cheaper home area in turn being able to BUY Morg free .... then use new equity to purchase more spec property through company ... take profits ... buy commercial property=yield ...(all using RES rates)
Anyway you look at it RES Property is a great first stage of building equity and to put a roof over your head ... once the family home has good equity use elsewhere
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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[QUOTE=JBmurc;894793][QUOTE=fungus pudding;894783]
Originally Posted by JBmurc
Yes for sure .. we had a Morg over are last family home along with a company loan >> we decided to change tack sell the family home and move to a cheaper home area in turn being able to BUY Morg free .... then use new equity to purchase more spec property through company ... take profits ... buy commercial property=yield ...(all using RES rates)
Anyway you look at it RES Property is a great first stage of building equity and to put a roof over your head ... once the family home has good equity use elsewhere
Yep. For those who earn a sufficiently high salary and can raise the initial deposit these days, in NZ, under this government more than ever, owner-occupied home ownership is the foundation upon which a bigger nest egg can be built. Why?
1. Low interest rates on loans for residential real estate.
2. Untaxed annual return from the investment (imputed net rent)
3. Leveraged capital gain on equity.
It is also the tax efficient way of saving for retirement. Owner occupied homes (no matter what their value) are excluded from asset testing for some benefits/subsidies.
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[QUOTE=Bjauck;894806][QUOTE=JBmurc;894793]
Originally Posted by fungus pudding
Yep. For those who earn a sufficiently high salary and can raise the initial deposit these days, in NZ, under this government more than ever, owner-occupied home ownership is the foundation upon which a bigger nest egg can be built. Why?
1. Low interest rates on loans for residential real estate.
2. Untaxed annual return from the investment (imputed net rent)
3. Leveraged capital gain on equity.
It is also the tax efficient way of saving for retirement. Owner occupied homes (no matter what their value) are excluded from asset testing for some benefits/subsidies.
That I did not know!!
and for those that gamble it all for their children to get 'better?' private school education, appears to be their only goal for their children to have high paying jobs at the end. So they can afford to buy the high priced homes without consideration of the rest of the population that are stuck in rental situations. Yeh!! Great job NZ! What a way to address inequality and child poverty. 
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I'm probably self-detonating a grenade here, but what's to stop people looking to purchase real estate from buying somewhere cheap and working up from there? I have owned the first house I bought for 10 years and never lived in it. Instead I rented much cheaper accommodation and built up equity and reduced the loan.
Auckland is a first class city and its popularity will only increase as the rest of the world turns to crap. Waiting for prices to drop to any significant degree is futile as demand will always be more than enough.
BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!
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Originally Posted by Entrep
I'm probably self-detonating a grenade here, but what's to stop people looking to purchase real estate from buying somewhere cheap and working up from there? I have owned the first house I bought for 10 years and never lived in it. Instead I rented much cheaper accommodation and built up equity and reduced the loan.
Auckland is a first class city and its popularity will only increase as the rest of the world turns to crap. Waiting for prices to drop to any significant degree is futile as demand will always be more than enough.
There's absolutely nothing stopping them. You're correct.
Last edited by peetter; 13-07-2021 at 07:40 PM.
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Originally Posted by Entrep
I'm probably self-detonating a grenade here, but what's to stop people looking to purchase real estate from buying somewhere cheap and working up from there? I have owned the first house I bought for 10 years and never lived in it. Instead I rented much cheaper accommodation and built up equity and reduced the loan.
Auckland is a first class city and its popularity will only increase as the rest of the world turns to crap. Waiting for prices to drop to any significant degree is futile as demand will always be more than enough.
40 % deposit required for an investment property that would stop a lot of people ......
Last edited by stoploss; 13-07-2021 at 09:16 PM.
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Originally Posted by stoploss
40 % deposit required for an investment property that would stop a lot of people ......
Rising Interest rates as well ... I see ASB making the move 1yr fixed 2.55% their lowest
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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[QUOTE=SBQ;894924][QUOTE=Bjauck;894806]
Originally Posted by JBmurc
That I did not know!!
and for those that gamble it all for their children to get 'better?' private school education, appears to be their only goal for their children to have high paying jobs at the end. So they can afford to buy the high priced homes without consideration of the rest of the population that are stuck in rental situations. Yeh!! Great job NZ! What a way to address inequality and child poverty.
Be assured that post,
2053, should not be attributed to fungus pudding. I most certainly did not post it
Last edited by fungus pudding; 13-07-2021 at 05:15 PM.
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[QUOTE=SBQ;894924][QUOTE=Bjauck;894806]
Originally Posted by JBmurc
That I did not know!! .
In some circumstances the home is exempt from asset testing for example..
https://www.seniorline.org.nz/rest-h...asset-testing/
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