The latest generation of homeowner is far more likely to borrow against the value of their home, to buy stuff that does not increase in value, like a car. Is this right or wrong? Grandpa says it's wrong, your dad’s done it though, and you’re all about it - but should you be? Getting into
Possibly every first-time property investor has asked me this question. Understandably, if you’re making the call to buy an investment property, you’re comfortable with exceedingly large amounts of debt and taking a risk, for the promise of return down the line. If you’ve read the article on the MRTMAD method and tomorrow’s you, then you’ll
I really do pity the fool who hasn’t heard of the MRTMAD method. Here’s my dirty secret though: Just made it up. Mortgage Reduction Through More Accumulation of Debt - yip, that’s a thing now as I have an acronym. The typical mortgage comes out of the box on a 30 year loan term. You’ll
I grew up in a small Canadian town a lot like Queenstown - very beautiful, loads of outdoor fun like skiing and hiking, but imagine more bacon. Like Queenstown, the seasons never failed, and no matter how much you tried to wiggle your way out of winter, summer always came of its own volition. Seasons
Turns out waiting until you’re older to get health insurance wasn’t such a good idea after all - the future you wants to have ‘a little chat’ with the present you. It’s totally understandable why present U isn’t down with insurance - we’ve heard it all before: ‘I don’t want to be over-insured’. Which is
The capitalists may have to pitch in and get behind the projects of the socialists for the next 3 years. We didn’t see that coming - that’s been happening a lot though eh? The All Blacks lost, Labour’s now in power, and I just plucked out a grey nose hair - will it really cause
I’m a mortgage adviser - I sell mortgages like a hot dog vendor cruising central park in summer, but this election, like a prolonged summer, has made my wieners go off in a bad way. Even the crack whore property investors who’ve helped fund my children's shoes for the last few years, have gone into
Change is definitely changing - the future is not more or less of the same thing. The future will contain bucket loads of transformation - a genuine qualitative shift is coming down the pipeline whether you’re ready for it or not. In the next 2- 10 years expect to see the following: Terrorists will mess
55 hours a week + small children at home + wheels starting to come off? You may be tempted to dream of another life - one out of the city? Selling up in Auckland, executing the escape: lower prices for homes, more relaxed lifestyle, and the people are so much friendlier! Imagine actually wanting to
We’re not experts at analyzing data and reporting the news on the property market – we’ll leave that to the experts, and the Herald. The property market has come down for a ‘soft landing’– and apart from nuclear war, it’s unlikely we’ll be seeing a crash anytime soon. It’s time to stop worrying about a crash
