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Old 05-07-2007, 04:11 PM   #24
Muta
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Join Date: Mar 2002
Location: Auckland, NZ
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Well, I bought a condo just off of downtown earlier this month in a new development, and the only way I could have done it was going in it with my brother. Otherwise, someone my age could not have afforded such a place. And this is with me pretty much dedicating all my earnings to paying for this place.

Lucky for me, I guess, we're gonna live in it for 13-14 months, then sell it or rent it out. Since I'm not in a relationship and barely have any possessions, I'm just gonna take my share of the equity and screw off to a different (cheaper) country if we do, indeed, sell it. This housing market is ridiculous, and if it keeps up I'm not sure how anybody just entering the market will ever be able to afford more than a toolshed coming out of university!
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