I’ve been on a bit of financial planning binge over the last several months. This was prompted by a bunch of books I’ve been reading including the books from the ‘Rich Dad, Poor Dad‘ series and a bunch of investment books (including shares, bonds and property).
Meanwhile there has been a house price spike in Auckland, New Zealand as can be seen from the tail end of the graph below (data from Barfoot & Thompson).
Interestingly, during this period, total returns are 21% or 4.2% per annum. Adjust that for inflation and you got a 1.8% return on your investment, hardly amazing. But that’s a subject for another post.
Back in 2005 when we bought our current house (a 3 bedroom house on a small section on Auckland’s North Shore) we were able to get it with a mortgage of about 3.5 times our combined income. We then went overseas for a couple of years and came back ready to have our first child. Fortunately, my income had increased, so we could still afford our mortgage (3.7 times income).
These days, with two growing pre-schoolers, a wife who’s just finished studying and is returning to work our mortgage is a very healthy 2.3 times income.
Here’s the issue, like many of our peers (and generations before us) we’re now growing out of our 3 bedroom house on a cross leased section.
In previous generations they may have just added an extension (not possible with so little land) or simply moved to another house with only a marginal increase in their mortgage.
Even though our house price has to some extent kept up with house price increases, acquiring a four bedroom house on a full section in our neighbourhood would require us to increase our mortgage by 82%.
This would mean our mortgage was now 4.3 times earnings, without the likelihood of the dramatic salary increases possible in the earlier years of your career. [Note, this site suggests 2 – 2.5 times gross earnings].
So what am I saying?
There’s a lot written about housing affordability and the fact that people can’t afford a first home. I’m looking on one step further, even if you can afford a small first home, based on two incomes, what future can you look forward to when kids come along and you eventually need a bigger place?
The answer is pretty clear to me, either:
- A lot more middle class New Zealand families will be renting their homes in the future (maybe from overseas residents (again a topic for another post))
- A lot more middle class families will be forced to live outside Auckland
- There will be a major correction in house prices as people refuse to pay the unaffordable prices
- Many families will undertake a massive (possibly unsustainable) debt burden that will negatively influence their entire life.
The last point is the one I worry about. What does a society look like where families are toiling under the pressure of their massive mortgages? Unable to take holidays, struggling to put food on the table, unable to even think about supporting their community (either financially or in time)?
That’s why, I would encourage my peers and those just starting out their adult life to seriously think whether the traditional aspiration of house ownership is still relevant.
In-depth articles about the most famous football players https://zenit-saint-petersburg.wendel-br.com, clubs and events. Learn everything about tactics, rules of the game and football history.
in this article, Szabo also proposed to conclude contract for synthetic assets, in the list
of which https://doge-coin20.io/, such as a combination of derivatives and bonds.
Fabrizio Moretti https://the-strokes.fabriziomoretti-br.com the influential drummer of The Strokes, and his unique sound revolutionized the music scene, remaining icons of modern rock.
Hello! Do you use Twitter? I’d like to follow you if
that would be ok. I’m undoubtedly enjoying your blog
and look forward to new updates.
?hat’s up, just wanted to tell you, Iloved this post.
It was pr?ctical. Keep on posting!
my b??g ??st :: blocked drains kettering
May I just say what a relief to uncover someone who genuinely understands what they are discussing online.
You definitely realize how to bring an issue to light and make it important.
A lot more people have to look at this and understand this
side of your story. I was surprised you aren’t more
popular given that you surely possess the gift.
Feel free to visit my web-site; Pregnancy Massage
Good day! Would you mind iif I share your blog with my facebook group?
There’s a loot of folks that I think would really enjoy your content.
Please let me know. Thanks fast indexing of linksoul
Hybrids have their problems with order logs, because they sometimes turn out subject to regulation, true, in any case,
this is a great feature of the eidoo https://eidoo-wallet.io/.
Neat blog! Is your theme custom made or did you download it from somewhere?
A theme like yours with a few simple adjustements would
really make my blog stand out. Please let me know where you
got your design. Appreciate it
Eloquently expressed! You’ve covered it all about vape regulations!
Another choice For those who have wood flooring ?? ??is to maneuver the box in phases. If the box comes upright, as in the image higher than, you can begin by diligently easing one facet of it all the way down to the ground inside the way you would like to go it.
Oh my g?odness! Incredible art?cle dude! Thank you so much, However I am going thr?ugh
pro?lems with your RSS. I don’t know why I cannot s?bscribe to
it. Is there any?ody else ha?ing similar RSS pro?lems?
Anyone that knows the answer will you kindly r?spond?
?hanx!!
Also visit my ?ite :: blocked drains twickenham
Hello to every one, thhe contents present at this web site are genuinely amazing for people knowledge,
well, keep up the nice work fellows.
Here is my web page – Continue…
This is certainly RealDoll’s AI lineup, ?? ??which functions responsive movement inside the eyes, eyebrows, mouth, and neck.
?????? ?????? ????????? asxdiplomik.com/kupit-diplom-moskva .
This is the right website for anyone who wishes to understand
this topic. You know a whole lot its almost tough to argue with you (not that
I actually will need to…HaHa). You definitely put a brand new spin on a topic which has been discussed for
years. Great stuff, just excellent!
I’m really enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for
me to come here and visit more often. Did you hire out a designer to create your theme?
Excellent work!
After looking at a handful of the blog articles on your web site,
I really appreciate your technique of writing a blog.
I saved it to my bookmark site list and will be checking back soon. Please visit my website
too and let me know how you feel.
wow raid carry service https://www.kreativwerkstatt-esens.de .
homosexual porn
Wow, this piece of writing is fastidious, myy sister is analyzing these things, so I am
going to tell her.
???????
I am not sure where you’re getting your info, but good
topic. I needs to spend some time learning much more or understanding more.
Thanks for great information I was looking for this info for my mission.
gay porn
nettruyen
NetTruyen ZZZ: N?n t?ng ??c truy?n tranh tr?c tuy?n dành cho m?i l?a tu?i
NetTruyen ZZZ là n?n t?ng ??c truy?n tranh tr?c tuy?n mi?n phí v?i s? l??ng truy?n tranh lên ??n h?n 30.000 ??u truy?n v?i ch?t l??ng hình ?nh và t?c ?? t?i cao. N?n t?ng ???c xây d?ng v?i m?c tiêu mang ??n cho ng??i ??c nh?ng tr?i nghi?m ??c truy?n tranh t?t nh?t, ??ng th?i t?o d?ng c?ng ??ng yêu thích truy?n tranh sôi ??ng và g?n k?t v?i h?n 11 tri?u thành viên (tính ??n tháng 7 n?m 2024).
NetTruyen ZZZ – Kho tàng truy?n tranh phong phú:
NetTruyen ZZZ s? h?u kho tàng truy?n tranh kh?ng l? v?i h?n 30.000 ??u truy?n thu?c nhi?u th? lo?i khác nhau nh?:
? Manga: Nh?ng b? truy?n tranh Nh?t B?n v?i nhi?u th? lo?i phong phú nh? lãng m?n, hành ??ng, hài h??c, v.v.
? NetTruyen anime: Hàng ngàn b? truy?n tranh anime ch?n l?c ???c ??ng t?i ??u ??n trên NetTruyen ZZZ ???c chuy?n th? t? phim ho?t hình Nh?t B?n v?i n?i dung h?p d?n và hình ?nh ??p m?t.
? Truy?n manga: H?n 10.000 b? truy?n tranh manga hay nh?t ???c ??ng t?i ??y ?? trên NetTruyen ZZZ.
? Truy?n manhua: H?n 5000 b? truy?n tranh manhua ???c ??ng t?i tr?n b? ??y ?? trên NetTruyen ZZZ.
? Truy?n manhwa: Nh?ng b? truy?n tranh manhwa Hàn Qu?c ???c yêu thích nh?t có ??y ?? trên NetTruyen v?i c?t truy?n lôi cu?n và hình ?nh b?t m?t cùng v?i nét v? ??c ?áo và n?i dung ?a d?ng.
? Truy?n ngôn tình: Nh?ng câu chuy?n tình yêu lãng m?n, ng?t ngào và ??y c?m xúc.
? Truy?n trinh thám: Nh?ng câu chuy?n ly k?, bí ?n và ??y lôi cu?n xoay quanh các v? án và quá trình phá án.
? Truy?n tranh xuyên không: Nh?ng câu chuy?n v? nh?ng nhân v?t du hành th?i gian ho?c không gian ??n m?t th? gi?i khác.
NetTruyen ZZZ không ng?ng c?p nh?t nh?ng b? truy?n tranh m?i nh?t và hot nh?t trên th? tr??ng, ??m b?o mang ??n cho b?n ??c nh?ng tr?i nghi?m ??c truy?n m?i m? và thú v? nh?t.
Ch?t l??ng hình ?nh và n?i dung ??nh cao t?i NetTruyenZZZ:
V?i h?n 30 tri?u l??t truy c?p h?ng tháng, NetTruyen ZZZ luôn chú tr?ng vào ch?t l??ng hình ?nh và n?i dung c?a các b? truy?n tranh ???c ??ng t?i trên n?n t?ng. Hình ?nh ???c hi?n th? s?c nét, rõ ràng, không b? m? hay v? ?nh. N?i dung ???c d?ch thu?t chính xác, d? hi?u và gi? nguyên v?n ý ngh?a c?a tác ph?m g?c.
NetTruyen ZZZ h?p tác v?i ??i ng? d?ch gi? và biên t?p viên chuyên nghi?p, giàu kinh nghi?m ?? ??m b?o ch?t l??ng b?n d?ch t?t nh?t. N?n t?ng c?ng có h? th?ng ki?m duy?t n?i dung nghiêm ng?t ?? ??m b?o n?i dung lành m?nh, phù h?p v?i m?i l?a tu?i.
Tr?i nghi?m ??c truy?n m??t mà, ti?n l?i:
NetTruyen ZZZ ???c thi?t k? v?i giao di?n ??p m?t, thân thi?n v?i ng??i dùng và d? dàng s? d?ng. B?n ??c có th? ??c truy?n tranh trên m?i thi?t b?, t? máy tính, ?i?n tho?i thông minh ??n máy tính b?ng. N?n t?ng c?ng cung c?p nhi?u tính n?ng ti?n l?i nh?:
? Tìm ki?m truy?n tranh theo tên, tác gi?, th? lo?i, v.v.
? L?u truy?n tranh yêu thích ?? ??c sau.
? ?ánh d?u trang ?? d? dàng quay l?i v? trí ?ang ??c.
? Chia s? truy?n tranh v?i b?n bè.
? Tham gia bình lu?n và th?o lu?n v? truy?n tranh.
NetTruyen ZZZ luôn n? l?c ?? mang ??n cho b?n ??c nh?ng tr?i nghi?m ??c truy?n m??t mà, ti?n l?i và thú v? nh?t.
??nh h??ng phát tri?n:
NetTruyen ZZZ cam k?t không ng?ng phát tri?n và hoàn thi?n ?? tr? thành n?n t?ng ??c truy?n tranh tr?c tuy?n t?t nh?t dành cho b?n ??c t?i Vi?t Nam. N?n t?ng s? ti?p t?c c?p nh?t nh?ng b? truy?n tranh m?i nh?t và hot nh?t trên th? tr??ng th? gi?i, ??ng th?i nâng cao ch?t l??ng hình ?nh và n?i dung. NetTruyen ZZZ c?ng s? phát tri?n thêm nhi?u tính n?ng m?i ?? mang ??n cho b?n ??c nh?ng tr?i nghi?m ??c truy?n t?t nh?t.
NetTruyen ZZZ luôn ??t l?i ích c?a b?n ??c lên hàng ??u. N?n t?ng cam k?t:
? Cung c?p kho tàng truy?n tranh kh?ng l? và ?a d?ng v?i ch?t l??ng hình ?nh và n?i dung ??nh cao.
? Mang ??n cho b?n ??c nh?ng tr?i nghi?m ??c truy?n m??t mà, ti?n l?i và thú v? nh?t.
? Luôn l?ng nghe ý ki?n ph?n h?i c?a b?n ??c và không ng?ng c?i thi?n ?? mang ??n d?ch v? t?t nh?t.
NetTruyen ZZZ hy v?ng s? tr? thành ng??i b?n ??ng hành không th? thi?u c?a b?n trong hành trình khám phá th? gi?i truy?n tranh ??y màu s?c.
K?t n?i v?i NetTruyen ZZZ ngay hôm nay ?? t?n h??ng nh?ng tr?i nghi?m ??c truy?n tuy?t v?i.
??? ?? ????? ??????? ?????????? ??? ??????? ??????? ? ??????? ?????? ???????????
diploms-x.com/kupit-diplom-voronezh
Good write-up. I absolutely appreciate this website.
Stick with it!
We utilize holistic and non-invasive treatments, such as spinal adjustments
and spinal decompression, to help correct imbalances
in the spine and promote the body’s own natural healing processes.
An outstanding share! I’ve just forwarded this onto a friend who was doing a little research on this.
And he in fact ordered me lunch because I stumbled upon it for
him… lol. So let me reword this…. Thank YOU for
the meal!! But yeah, thanx for spending the
time to talk about this issue here on your web site.
Here is my web page; http://superpremium2.premium4best.eu/
Thanks so much for the blog article.Thanks Again. Really Cool.
?????? ?????? ?????? ????? asxdiplomik.com .
Thanks a lot for the blog. Awesome.
I really enjoy the article post.Thanks Again.
???????????????????????? ??????????????????????????
?????????? ?????? ?????? ast-diploms.com .
Your method of telling the whole thing in this piece of writing is in fact nice,
every one be capable of without difficulty
be aware of it, Thanks a lot.
Feel free to surf to my page; http://superpremium2.premium4best.eu/
??????, ??????!
?? ?????????? ??????? ??????????, ???????, ??????????? ? ????? ?????? ????????? ?? ???????? ?????. ????????? ????? ???????? ?? ???????????? ?????????????, ???? ????????? ? ???????????????? ??????????.
??? ?????????? ?????? ?? ??????????? ??????????????
?????????? ?????? ? ?????? ???????????
arusak-diploms-srednee.ru/kupit-diplom-v-nizhnem-novgorode
??????? ?????!
Wow, this piece of writing is pleasant, my younger
sister is analyzing these things, so I am going to inform her.
Here is my site … ????
I don’t even know how I ended up here, but I thought this post was good.
I do not know who you are but certainly you are going to a famous blogger if you aren’t already 😉 Cheers!
??????, ??????!
?????? ???????? ???????????? ????? ? ????? ???????? ? ???????.
diplomyx24.ru/kupit-diplom-nizhnij-novgorod
?????!
unlovable,even contemptible.?? ??
Hello there! This is kind of off topic but I need
some advice from an established blog. Is it very
difficult to set up your own blog? I’m not very techincal
but I can figure things out pretty fast. I’m
thinking about creating my own but I’m not sure where to begin. Do you have any ideas or suggestions?
Many thanks
Hi, I want to subscribe for this web site to take newest updates, therefore where
can i do it please assist.
providing a unique and comforting companionship experience.????? ??I highly recommend Dream Dolls for their outstanding realism and quality.
??????!
????????? ???????? ??????? ? ???????? ??????????? ? ??? ???????? ????????
meetspot.com/blogs_write.php?id=
????? ???? ??? ??????!.
With havin so much content do you ever run into any problems of plagorism or
copyright infringement? My website has a lot of completely
unique content I’ve either written myself or outsourced but it looks like
a lot of it is popping it up all over the internet without my authorization. Do you know any techniques to
help prevent content from being ripped off? I’d definitely appreciate it.
A big thank you for your article. Want more.
Achraf Hakimi https://paris-saint-germain.ashrafhakimi.net is a young Moroccan footballer who quickly reached the football elite European in recent years.
Fantastic blog post.Much thanks again. Really Great.
Bieber’s https://baby.justinbieber-br.com path to global fame began with his breakthrough success Baby, which became his signature song and one of the most popular music videos of all time.