u/double0sarah

15 minutes never does him justice.

I have been looking into purchasing a new all electric EV, warranty is only viable when you service the car every 2 years, which cost $600 per time! How can they possibly charge that much when there is no oil etc to change?

Myself and my immediate family have all lived in our home town for basically our whole lives, give or take a few OE stints here and there. I'm talking 40 years +.

My pensioner parents are having to sell their house as they are cash poor and the rates, insurance etc are astronomical due to us living in a 'million dollar town'. I would actually call it a 2 - 5 million dollar town, 1 million dollars barely gets you a 400m2 piece of dirt and there are no rentals due to the majority of properties being turned into air bnbs.

The problem is they can't even downgrade as their house is already at the lower end of the market. And they don’t want to move away and start again in their 70s, who would? The same thing has happened to myself, I sold my house 2 months ago due to the same issue, I will never be able to afford to sustain the living costs here, and wages are generally low.

School friends have shifted away, my brother even lives in a caravan.

We have looked at all combining our funds and even then we can barely afford anything.

The super wealthy have come in, paid ridiculous prices for houses, pay ridiculous prices for food and petrol etc because they can and have left all of us normies on struggle street in our own town. It just seems sad that people are being forced to move from their home towns because of no fault of their own.

(And yes house prices are worth more than most of the country here so have benefited in that way, but that is only useful if you move somewhere else)

Anyway, just wondered if many other people are in the same situation.

Hello, sorry if this subject has been spoken about to death.

I am wanting to purchase a property which has been operating as short term accommodation and the vendors are GST registered.

I do not intend to run the property as a business as I will live in it but the agent is saying the vendors want a GST+ offer which I could afford easier than GST inclusive, but don't want to get caught in a tax mess down the track.

If it is simple as registering and just paying back the GST when I sold it down the track then that seems straight forward... but are things ever that simple?

Thanks in advance!