MAJOR SETBACK!! 28th Sep 09

Our mortgage broker just told us that our bank ‘Sovereign’ was not going to discharge 64k of our profit - because they were going to put it towards our rental property that we also have with them – and there was nothing we could do about it. That would leave us with a pitiful $60k deposit for our next ‘dream home’. Not even enough to buy the house we just sold back!

I felt completely stupid and ripped off. This is the third house we have owned and sold. How could we not know that banks could do things like that?

We now have no choice but to either purchase a cheaper house, or rent and save up again. Actually - we do have a choice. We can choose to BUILD our own home!

Just an Average Kiwi Family - August 13th 09

Hello! I am a happily married wife and mother of 3 full-on children.
My husband & I are both in our early 30's, and together we juggle 2 pretty good jobs, and a semi-crazy family. We have always bought and sold in South Auckland because this is where I grew up, and my youngest son is severely autistic and attends a 'special needs' school in Papakura.

I was persuaded/forced to start this blog by my Management team as we are in the Construction business, and I can tell a pretty good story, haha.

I would also like to find out first-hand if the 3-2-1 myth about building a house is true - meaning, does building a house really take 3 times as long, cost twice as much, and is so stressful you'll only ever do it once?

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