The Investors

My Dear Princess and Loulou and Fellows,

One thing I did not mention yesterday was an interesting discussion Caro and I had over dinner. 

It turns out that the brother-in-law (Big Nipper) told her that we now have enough equity in our current house to buy a second house!

MADNESS.

I don't really understand this. We still owe a shitload* on our house. But Big Nipper knows what he is talking about. I think.

Also, the culture here in NZ is very different from the UK. If you are anything like me, you will be wary of property. Especially after the 2008 meltdown which left us with a lemon of a flat on our hands for 7 years, unable to emigrate.

But in NZ, their economy bounced back more quickly. Imagine a parallel universe where 2008 never happened, where Carol Smillie and Lawrence Llewellyn-Bowen and The House Doctor are still on the telly every night.

That's NZ and Australia, actually. In fact, Laurence has not one but TWO shows on Aussie television. Not Linda Barker or Anna Ryder-Richardson though. Which is very upsetting.

The point is that Australians and Kiwis are still nations of property buyers and flippers. It scares me a bit. 

Regardless, we are now thinking about it. Becoming property moguls, that is. The thing is, neither of us have adequate pension provision so getting a rental property does sound like a good idea.

Caro is thinking that we should get something in the Bay of Plenty so that Big Nipper and his friend Gav the Builder can check out potential properties. 

I'll keep you updated on progress. But in the meantime, here is Punky, lounging on the deck.

S.

* It's a financial term we property types use. You wouldn't understand.