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Funny that how those so call "successful" people are using not having coffees as an advice for FHB to get on property ladder. Such a lie! A small annual housing price increase would easily beat that number! So what you are saving is not even catching up with the speed of housing price increase.

There are only two scenarios you can get on the property ladder. One is earning more. Another one is housing price coming down. End of discussion. That's over 1. We started to hear more about the word 'ladder' from mid onward, odd eh? We created protocols to prevent disease epidemic outbreak, but not the housing epidemic.

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Vested interest in leadership? Buy a second hand machine, some beans, learn skills, save money and do both save and enjoy coffee. Haven't you heard? Everyone should stop complaining and just work harder! With almost free money from the banks what else would you expect? The is a false market where interest rates are the lowest in years. There will be a day reckoning sooner or later.

Either he was well paid or didn't eat?

Good on him! It gets even better after that. Him working in a health supplements shop, part-time then full-time. What's the median wage in Christchurch? CJ - Can't you just be happy for this guy, he is young and commited to a better future for himself and family. The Tall Poppy Sydrome is a sad part of our makeup or as Tony Alexander would say those who are jealous of others success then wait and hope they get their comeuppence!!! I don't care about the guy, I care about these "news" that fail to present crucial information.

The whole point of the story is that you can get rich no matter your background Tall poppy syndrome my ass Gotta be because I'm bitter and jealous, right? It's telling that 'young person buys house without parental support' is a newsworthy item. Let's all follow this great example!

This country only needs dishwashers and landlords, right?

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Also, they don't say how much he owes to the bank. Just need a small loan of a million dollars This story just shows how bizarre the system is. It encourages people to borrow millions while on minimum wage - a real "capital gains or BUST" mentality. What about the risk? What about productivity? Nope, just expect capital gains to continue forever and you will be RICH too! I know a lady in her late 50s who would But it's not a sacrifice one should make to "get on the property ladder". This simple good news story has the makings of being a flashpoint It really upsets people Somebody poor?

Have you read the article? He might be poor but his partner isn't. With him working in a shop part-time for a while, even. How do you explain that to me? The future of NZ - With no qualifications and no work experience, it took him a year before he could move on to other work, landing a part-time job at a gym powder health supplements store in the local mall. I've made a groundbreaking discovery. Previously thought impossible, there is actually a way to predict the future.

Simply read what the DGM crew on interest. The opposite will happen. Particular weight can be given to comments with a high number of upvotes. With great power comes great responsibility - please use it wisely. Sorry DD, I've patented the high number of upvotes as a sure sign of wrong thinking, a long time ago. As you have so eloquently eluded to many times, for all potential buyers, get out there, buy and mortgage yourself to the hilt, as the more mortgage interest payments coming in, the more profits for moi and my ilk!

We here at the top 0. Let's not let this "transfer of wealth" gravy train slow down in any way! Following the hyperinflation and economic chaos of 70s and 80s, central banks have done everything they can to prevent unplanned inflation. It seems that their success is only superficial though. Inflation has now migrated from everyday goods and wages to assets. In what other world, something like a crypto currency would have had any value?

Massive piles of money, with nowhere to go to will inflate all the existing assets. It will inflate assets initially as it has. At some point it will burst from these assets and cause massive general price inflation. A looming global cluster k. That seems logical to me too. No sign of it happening though, the powers-that-be are very ingenious at keeping everything afloat. There's also the problem: how to respond?

If you genuinely believe in this scenario, surely you want your money in tangible assets rather than saving. Yet it's the drive to put money in all assets that's causing this problem in the first place. Now that you can no longer make money from money, this is all about using capital to secure future revenue whatever form that might take. Correct easy and cheap money money piling up as a result will again artfically push up assets but whenever it falls Interesting looking at the 5-year HPI data - Auckland has dropped down to nearly the lowest compound growth rate of 6.

I wonder if the regional 'catch up' will run out of steam soon. Certainly looking like Auckland is dragging itself out of the last few years stagnation.

I continue to hope that house prices will stabilise or gently fall to make the country a little more competitive, but no signs of that happening at the moment. Well some signs -Auckland HPI up 6. Incorrect, that 6. Will some of the many commenters who predicted a fall in house values and mislead FHB into "waiting until the market bottoms" admit they were wrong?