BermyGirl and I were originally looking at houses in Auckland and the majority in our price range were leasehold. The problem was that some of the annual leases were going to cost us NZ 48,000 per year! Add to that monthly mortgage payments and council taxes and we would have to earn a whole lot of money to be able to afford it. Also, a lot of the leases seemed to have a minimum of time left on the lease i.e. 10 yrs or 5 yrs for some. You have no control over what happens when the lease expires. It just didn't make sense for us financially. So, we decided to look for a home outside of Auckland and found more freehold properties for sale which is what we ended up with.
Shell
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God determines who walks into your life....it's up to you to decide who you let walk away, who you let stay, and who you refuse to let go.
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