Boatworks 25 Posted December 12, 2018 Share Posted December 12, 2018 https://www.trademe.co.nz/trade-me-motors/boats-marine/yachts/keeler/auction-1870449497.htm Be good to see her back in use in the NZ fleet. (I own a sistership but have no connection with this sale) Quote Link to post Share on other sites
philstar 62 Posted December 12, 2018 Share Posted December 12, 2018 Yep good looking boat. random armchairs in the saloon tho. Built for whiskey and cigars I reckon Quote Link to post Share on other sites
Ex Machina 390 Posted December 13, 2018 Share Posted December 13, 2018 those chairs mustve happened when it was in the states 1 Quote Link to post Share on other sites
Mrs Rafferty Rules 5 Posted December 13, 2018 Share Posted December 13, 2018 Prod is a bit ugly Quote Link to post Share on other sites
wal 27 Posted December 14, 2018 Share Posted December 14, 2018 If that boat could talk........ Quote Link to post Share on other sites
MarkMT 68 Posted December 21, 2018 Share Posted December 21, 2018 $50,200 with 24 hours to go and 479 watchers. Will be interesting to see what it goes for and whether it might give the market as a whole a jolt of realism. There seem to be a lot that have been on the market a long time. Quote Link to post Share on other sites
Priscilla II 450 Posted December 21, 2018 Share Posted December 21, 2018 Yup same process should apply to the housing market and give those parasites in the realestate industry a poke in the eye. Wish the owner all the best. 2 Quote Link to post Share on other sites
chariot 244 Posted December 21, 2018 Share Posted December 21, 2018 Yup same process should apply to the housing market and give those parasites in the realestate industry a poke in the eye. Wish the owner all the best. Re the housing market. I think a lot are already falling by the wayside. Very little skill and on a gravy train. Best thing that could happen to the real estate industry. Quote Link to post Share on other sites
Deep Purple 530 Posted December 21, 2018 Share Posted December 21, 2018 $50,200 with 24 hours to go and 479 watchers. Will be interesting to see what it goes for and whether it might give the market as a whole a jolt of realism. There seem to be a lot that have been on the market a long time. I think you could halve the asking price of most of them and they would still be on the market a long time Quote Link to post Share on other sites
Priscilla II 450 Posted December 21, 2018 Share Posted December 21, 2018 Not wanting to thread drift but the latest ploy in the sinking realty market is collusion between vendor buyer and limpet realtor to falsely inflate sale prices achieved. Shits gonna happen in this wacko house market and at the top end it is already happening. Quote Link to post Share on other sites
Frank 184 Posted December 21, 2018 Share Posted December 21, 2018 What did she go for ? Quote Link to post Share on other sites
raz88 97 Posted December 21, 2018 Share Posted December 21, 2018 What did she go for ? Closes tonight. Quote Link to post Share on other sites
khayyam 101 Posted December 21, 2018 Share Posted December 21, 2018 Not wanting to thread drift but the latest ploy in the sinking realty market is collusion between vendor buyer and limpet realtor to falsely inflate sale prices achieved. Shits gonna happen in this wacko house market and at the top end it is already happening. how? surely they can't change what the buyer pays? Quote Link to post Share on other sites
Fish 0 Posted December 22, 2018 Share Posted December 22, 2018 how? surely they can't change what the buyer pays? There is a bunch of ways to inflate sales price. Normally between related parties. Involves paying an inflated price, then the vendor making a cash payment to the purchaser off the record, with a cut being taken, etc. Its the primary ruse for mortgage fraud. So you can get a 100% mortgage, or to get around 40% LVR's for rentals etc. Works fine in a rising market... The 40% LVR issue would explain why so many houses are left empty. Got a mortgage on an 'owner occupier' bases, so can't rent it, owner actually resides offshore, just wants the capital gain... So the reported sales prices, or the % annual increases etc are overly inflated. This would have been most prevalent 2-3 years back or more, when the market was rising steeply. Easy way to get an asset for free (100% mortgage), with none of your own equity at risk, but everything to gain if the market keeps on rising. If it doesn't, well, go back to where you came from, use your other name, swap passports etc (generally helps if you have more than one passport...) If you are law abiding, or an NZ citizen only, well, tough luck. You might have to work for a living. Quote Link to post Share on other sites
Crazyhorse 47 Posted December 22, 2018 Share Posted December 22, 2018 Its called "hydrolicing" Quote Link to post Share on other sites
Black Panther 1,776 Posted December 22, 2018 Share Posted December 22, 2018 It does happen as fish describes but is very much illegal and I have heard of a handful of instances in the last 10 years (and they were caught) normally involving a crooked valuer and maybe a crooked lawyer as well. But the frequency is not enough to affect anything and not worth getting your knickers in a twist over. Quote Link to post Share on other sites
Priscilla II 450 Posted December 22, 2018 Share Posted December 22, 2018 I am not privy to the exact transaction details that were quoted to me regarding false price reporting but believe me its happening and the rationale behind it is a bit beyond my thinking. I may well be wrong but can see no controls nor auditing processes in place regarding what prices are disclosed by related parties for property transactions. At the high end of a slipping market being viewed as selling below cost paid would put a dent in your day. Quote Link to post Share on other sites
Black Panther 1,776 Posted December 22, 2018 Share Posted December 22, 2018 Yes its happening. But it is a drop in the bucket plus your new govt is taking more steps to stop that which does go on. Not worth getting your knickers in a twist. Quote Link to post Share on other sites
khayyam 101 Posted December 22, 2018 Share Posted December 22, 2018 ok yes i somehow misread the original thinking only vendor and agent involved; yes if buyer is involved too then makes sense. Quote Link to post Share on other sites
Crazyhorse 47 Posted December 22, 2018 Share Posted December 22, 2018 A crooked lawyer!!? Really?..... Quote Link to post Share on other sites
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