Government warned for 3 years lending changes would create issues

[reigns]

Why are you pitching me a sob story? You're an investor, aren't you? This is a business, is it not?

You were renting out an un-secure and non-weathertight property beforehand? And now you're being told to make sure that the house you rent out, at the very least, is at a livable standard that you yourself would live in?

Where exactly do you think the sympathy for your "plight" is meant to come from?

Besides, you also had the choice to flick that rental off in the state you had run it down to and still make a tidy profit no doubt.

Honestly, you can fuck off anywhere you'd like to if you're expecting people to feel bad for you.

Please READ. I said the garage was insecure and not weathertight. I said there was nothing really wrong with the house except needing fans. I said we are doing a whole heap of work we didn't have to. For the sake of the next tenant as well as our future well being.

This is not a sob story. It's a story to show you that being a landlord is not all you think it is. There is no plight to expect sympathy from. Just an expectation of respect for people who work hard to achieve a retirement goal that is a bit more than the GRI.

We had not "run it down". It was already a lot better than when we bought it, just not up to the standard we wanted. And as I said, we can finally afford to do it so are doing so. And yes, we could have flicked it off, but are not doing so because we are investors, not traders. Capital gain is pretty irrelevant.

Why are you so bitter and twisted?

In whose perspective is the work being done unnecessary? Yours? If it was the only home you owned and you had to live in it, would you have lived in it and done nothing but add a few fans for 20 years?

Maintenance and upkeep standards are higher for you in your own home than they are in one where someone else lives but you own it. That's why, as I linked to earlier, rentals are genuinely of poor quality than owner-occupied ones. You don't have to say if you have done work on your own home in the past 20 years beyond add a few fans but if you have, then that should tell you something about how you care less about the home you own that you don't live in.

And with the rental market as has been, you can always find someone willing to pay market value for a home that you would put less money and effort into than the one you live in.

Your retirement goal is being funded by a market that sets up tenants to be squeezed for as much as possible while landlords get away with putting in as little care and effort as they like. You might even be on the good end of the landlord spectrum but I'd put money on the assumption that you have either spent more money on upgrading and maintaining your own primary residence or you wouldn't have been content to live in your rental for 20 years without doing it up beyond having fans.

But you're on the money. Buying my own home has been a draining experience both mentally and on the bank account. I'm not bitter and twisted for my own sake, I'm bitter and twisted that Kiwi attitudes to housing as a retirement investment - if allowed to continue like older generations have rolled around in it like pigs in shit - will mean that my children's only hope of owning their own home will be to take our one when we die.

The equal and egalitarian Kiwi dream died in the 1980s and landlords have loved it.