The Happy Saver Podcast - Personal Finance in New Zealand cover image

79. I'll drink to that!

The Happy Saver Podcast - Personal Finance in New Zealand

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The Importance of Home Ownership

E and her friend went 50-50 on the house and they each had a mortgage of about $146,000. Collectively they had a 20% deposit of $73,000 but because their $35,000 deposit was just slightly smaller than his her mortgage was slightly higher to make up for it. Soon after taking ownership she moved in but although he was planning to he didn't quite make it. They decided that they would both pay to furnish the two other bedrooms and get some harvest workers in to pay rent while he was away. It was home to her and an asset to him. Whereas Tiwi thought she was signing up to living in a home it became more of a

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