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  1. leapyeah

    Marriage in trouble

    One of the interesting things about outlining a situation like this in the forum is that you will get a broad spectrum of opinions - and one or two of them will ring really true for you. Sometimes life's path becomes steep and tricky - and at such times you may have to test every new handhold...
  2. leapyeah

    New Zealand Property Market Set to Crash

    Some observations made in the first 10 seconds of viewing this article. 1. This article talks "slide" - not your more juicy "crash". 2. It is a comment by someone with a vested interest in talking down property. 3. The article is over a month old and there is hardly a chorus of "crash...
  3. leapyeah

    Ever tried New Zealand?

    L&M Petroleum is already stationed in the province, and has a drilling schedule of 11 onshore wells in the next two years, I believe. They estimate potential initial resources of 400 million barrels of oil and 194 bcf of gas. Refer http://www.oilgasmineralsnz.com/oilgasminerals/News
  4. leapyeah

    when an auction is a bad idea?

    Auctions often shortchange the vendor in lukewarm markets. Agents will sometimes suggest them because it's easier than doing the hard yards of research for comparative sales and trends. And they also suggest them because some real estate brands and bosses push their staff to auction because...
  5. leapyeah

    one the we just did

    I note the comparison property is located a couple of blocks closer to the Southern Institute of Technology, supermarket and CBD (only about 100 metres away from them in fact) which does make a difference in a typical winter southerly. :)
  6. leapyeah

    Smacking kids

    How do you know what you consider "reasonable force" is being perceived as reasonable by them, so much smaller and younger than you? Many would perceive my childhood as a perfectly normal "spare the rod and spoil the child" type. What perhaps matters at the end of the day and what forever...
  7. leapyeah

    Smacking kids

    Someone much bigger than me against whom I have no control or redress thumping me? Domestic terrorism. Memories of being walloped sully my reflection on my childhood. All my siblings have gone on to thump or be thumped. What a legacy. Think twice. Do you really want your kids to look at you...
  8. leapyeah

    I'm Buying Up In Invercargil NZ ... Where are you Buying?

    Update: The Great South Basin has been put up for tender for oil exploration. Tenders close in March. ExxonMobil and Shell have openly expressed interest. (Rumour rife that one of the town's most prominent and expensive homes has just been sold to an oil exec. hehe) Average Invercargill house...
  9. leapyeah

    Explain how one can keep accumulating property

    Thanks guys. What I was really after was what is it that you view as "critical mass"? I understand about DSR and LVR, but I guess I was really wondering if there is a point (eg. a portfolio size combined with LVR, or some such) which you regard as critical mass - something where a whole new...
  10. leapyeah

    Explain how one can keep accumulating property

    geoff, can you expand more on what you regard as the "critical mass" point, please? :)
  11. leapyeah

    I'm Buying Up In Invercargil NZ ... Where are you Buying?

    Hi there, To answer questions: the airport runway extension to international length has been completed. Qantas has been in town recently for talks. Zero landing fees are being offered to any international carrier for the first year. Media reports a deal is close at hand to launch a...
  12. leapyeah

    I'm Buying Up In Invercargil NZ ... Where are you Buying?

    Quotable Value figures released this week show Invercargill's average sale price has risen 15.5% in the last 12 months, to $144,563. (They arrive at this figure by adding up sales prices for the three months to the end of May). The national average price rise was 12.4%.
  13. leapyeah

    2011 to 2013 - the coming world depression ?

    There's profits for them thar prophets of doom...
  14. leapyeah

    What role PM with High Maintenance IP?

    This particular problem is something I have management input into daily in my job. Such properties are indeed often the bane of a property management portfolio, for several of the reasons already mentioned. The "meat in the sandwich" analogy rings true. The property manager often unfairly...
  15. leapyeah

    Decromastic roofs

    They can also be re-surfaced, or more cheaply, repainted to extend their appearance and life. A neighbour of my parents has a decramastic roof, which is now over 30 years old. It had a repaint about five years ago and is starting to look a bit rough again now.
  16. leapyeah

    The "Start at the top!" concept

    Couples joint venture on property purchases all the time, thinking their relationship will last forever. At least these people go in with an exit strategy. It seems less risky to me than most people's marital home is, in all honesty. :rolleyes:
  17. leapyeah

    Don't forget your cheque book

    Zero deposit is still often done in New Zealand. Tho the REA might wince and carry on a bit... hehe
  18. leapyeah

    Multiple offer form.

    They do exist in New Zealand, but I could not speak to how widely they are used. It is a form used in a multiple-offer situation that is given to all parties making an offer. This is my understanding of it: Ideally, it spells out the procedure for multiple-offer situations and the rights of...
  19. leapyeah

    Depression next decade?

    Fear sells books.
  20. leapyeah

    Buying in NZ

    Re the article Lizzie mentioned: I thought it was a poor piece of journalism. No - let's call it editorializing, because that is a more accurate description. There were obvious gaps in the research, lack of attribution (eg. "it is considered that blah blah" - considered by whom?), sweeping...
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