Friday, November 27, 2009
I'm trying to be sympathetic but seriously
In todays Herald.
The story of a couple who are barely making ends meet on a combined income of about $50 MORE than my household earns a week.
and it goes on...
FFS, some free financial advice. Instead of spending $600 a week on your mortgage, sell the house and move into a $400 a week rental giving yourself an extra $850 a month to pay for the shit you are struggling to pay for and to clear some of your debts which are crippling you. Once that's done THEN look at saving a deposit and buying a house. YOU CANNOT AFFORD TO BE HOMEOWNERS IN YOUR CURRENT SITUATION. Join the tens of thousands of others who earn what you earn living in rental properties.
This is coming from someone who earns less than you two but lives in his own home with stay at home mum and child because I'm not carrying round an anchor of stupid debt.
The story of a couple who are barely making ends meet on a combined income of about $50 MORE than my household earns a week.
Their combined incomes of just $933 a week after tax, averaged over the year and excluding overtime, gives them just $33 a week for food, petrol and other living costs after meeting their automatic payments of $1800 a fortnight for the mortgage, rates, insurance, a car loan and hire purchases on a fridge and washing machine.
and it goes on...
Until 2006 they were renting, but the house was damp and Mrs Victory and her daughter Shontelle were constantly sick. When the landlord raised the rent, they applied for a state house.
"They asked, 'Are you on a benefit?' 'No, we both work,"' she said. "'Well, you don't qualify' they said.
"So then we thought about trying to buy our own house and were lucky enough to get a mortgage broker who secured it against my parents' house. We had no deposit. We had huge loans from our wedding. We consolidated the loans into the mortgage."
They bought a modest house in Papatoetoe for $279,000, paying off the mortgage at $1200 a fortnight. The interest rate dropped this year. But they used the difference to take a new loan for a car.
FFS, some free financial advice. Instead of spending $600 a week on your mortgage, sell the house and move into a $400 a week rental giving yourself an extra $850 a month to pay for the shit you are struggling to pay for and to clear some of your debts which are crippling you. Once that's done THEN look at saving a deposit and buying a house. YOU CANNOT AFFORD TO BE HOMEOWNERS IN YOUR CURRENT SITUATION. Join the tens of thousands of others who earn what you earn living in rental properties.
This is coming from someone who earns less than you two but lives in his own home with stay at home mum and child because I'm not carrying round an anchor of stupid debt.
