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Speaker 1: You're listening to a podcast from Newstalk zed be follow

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Speaker 1: this and our Wide Ranger podcasts now on iHeartRadio.

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Speaker 2: Good a you, great New Zealanders. Welcome to Pod three

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Speaker 2: one three for Monday, the twenty third of March twenty

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Speaker 2: twenty six. Great discussion about renting versus owning a property.

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Speaker 2: This was on the back of an investor, Luke Kemeys

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Speaker 2: was his name, and he reckons the calculations. We're starting

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Speaker 2: to go towards the renting and investing side of things

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Speaker 2: rather than buying your own house. But the callers disagreed

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Speaker 2: with that, so some great calls and then we went

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Speaker 2: deep into how much should it really cost to own

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Speaker 2: an animal? Dog, cat, budgy, goldfish in twenty twenty six,

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Speaker 2: and then it verged into how much you pay for

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Speaker 2: vet bills and insurance and some controversial calls there. I've

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Speaker 2: got to say a lot of people say you shouldn't

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Speaker 2: pay anything for the old vet. So great show. Download,

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Speaker 2: subscribe and give us a review and give him a

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Speaker 2: taste of key We Oh, Matt was off today. He's

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Speaker 2: going to be back to my happy days, all right.

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Speaker 1: The big stories, the big issues, the big trends, and

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Speaker 1: everything in between. It's Matt Heath and Tyler Adams Afternoon

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Speaker 1: Squares Goodder News Talk said, be.

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Speaker 2: Very good afternoon, ju welcome into Monday Show. Thank you

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Speaker 2: very much for giving us a listen, and hope you

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Speaker 2: had a fantastic weekend whatever you got up to up

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Speaker 2: and down the country. Matt is off today, my mate Matt,

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Speaker 2: but he will be back tomorrow, so just me for

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Speaker 2: the next three hours. But really really great to have

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Speaker 2: you listening in on to today's show. After three o'clock

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Speaker 2: when ever talk about their Health Star ratings, So imagine

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Speaker 2: you're standing in a supermarket comparing two identical bottles of

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Speaker 2: sparkling water. One has a health Star rating of two

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Speaker 2: stars and the other four point five. Which one do

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Speaker 2: you trust? That is part of the confusion around at

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Speaker 2: the heart of New Zealand's Health Star rating system. So

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Speaker 2: sometimes these are outdated labels. But it's also voluntary participation,

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Speaker 2: so not every food manufacturer has to take part or

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Speaker 2: wants to take part, so that is creating mixed messages

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Speaker 2: for consumers, even on something as simple as water, which

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Speaker 2: you may question even needs a Health Star rating in

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Speaker 2: the first place. So how much do you actually rely

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Speaker 2: on those health star ratings and should they be compulsory

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Speaker 2: or do we just get rid of them full stop?

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Speaker 2: Is it fairly easy to know what is healthy and

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Speaker 2: what is not? That is after three o'clock. After two o'clock,

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Speaker 2: a New Zealand Herald story highlighting a pet owner who

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Speaker 2: was less stunned after facing sawing vet bills when their

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Speaker 2: animal required extensive treatment. Ultimately it forced them to add

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Speaker 2: around twenty thousand dollars to their mortgage to cover those costs.

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Speaker 2: So it does shine a light on how quickly vet

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Speaker 2: care can escalate, complex procedures and ongoing treatment, often costing

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Speaker 2: far more than owners ex expect. Rather, there's also a

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Speaker 2: growing concern among vets and pet owners about the rising

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Speaker 2: cost of animal healthcare full stop in New Zealand, but

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Speaker 2: also the cost of owning a pet full stop when

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Speaker 2: it comes to food, insurance, toys, kennels. It all adds

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Speaker 2: up pretty quickly, so our pets becoming a luxury only

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Speaker 2: some people can afford. That is after two o'clock. But

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Speaker 2: right now I want to have a discussion about comments

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Speaker 2: from New Zealand investor Luke Kem's he is challenging the

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Speaker 2: long hold belief that home ownership is the key to

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Speaker 2: financial success. He was speaking on the Prosperity Project podcast,

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Speaker 2: and he says he chooses to rent rather than buy,

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Speaker 2: and instead invests his money elsewhere, arguing that a home

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Speaker 2: comes with significant hidden costs as well as what he

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Speaker 2: calls an opportunity cost, that is, the potential returns if

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Speaker 2: you invest your extra money elsewhere. So he says renting

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Speaker 2: for him gives them greater flexibility and access to a

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Speaker 2: higher quality of life without the burden of a large deposit,

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Speaker 2: while his investments generate returns that can help cover his rent.

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Speaker 2: He also pushes back on the idea that rent is

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Speaker 2: dead money, pointing out that mortgage interest rates, insurance, and

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Speaker 2: maintenance are often underestimated or ignored. So it raises the

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Speaker 2: broader question, are we starting to rethink whether owning a

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Speaker 2: home is still the best way to get ahead financially?

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Speaker 2: Our one hundred eighty ten eighty is that number to call.

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Speaker 2: Love your thoughts on this one for what it's worth.

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Speaker 2: My opinion on this is, I think owning a home

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Speaker 2: is more than just about generating wealth or or getting

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Speaker 2: a head start in life. I think they are those

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Speaker 2: things as well. But when we purchased our home down

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Speaker 2: in christ Such and we still have it and we're

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Speaker 2: renting it out at the moment. But I initially didn't

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Speaker 2: see that home as a path to wealth. It is

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Speaker 2: a home and it is mine. I don't have to

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Speaker 2: ask anybody to have a pet. If I want a pet,

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Speaker 2: I can do whatever I like to do that property

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Speaker 2: and to that home within reason. There's no three monthly inspections.

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Speaker 2: I don't have to worry about. That home is mine.

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Speaker 2: It's my own little slice of paradise, and that in itself,

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Speaker 2: to me, is worth any potential potential extra costs that

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Speaker 2: Luke Kemy's is talking about. But what do you say, oh,

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Speaker 2: eight hundred eighty ten eighty, are there people in your

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Speaker 2: life or even yourself who are looking at the calculations

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Speaker 2: and maybe considering going the root of renting and investing

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Speaker 2: any extra you've got. It takes a lot of discipline

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Speaker 2: to go that particular route that if you are renting

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Speaker 2: and you've got extra money, you need that discipline to

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Speaker 2: make sure that you're not spending it on the weekend

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Speaker 2: or having takeaways a couple of times a week, and

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Speaker 2: actually pumping that money into a steady investment. So if

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Speaker 2: that is you, is Luke Kemy's right? O eight hundred

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Speaker 2: eighty ten eighty is that number to call? Nine two

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Speaker 2: ninety two is the text as well? Back very surely

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Speaker 2: it is eleven past one.

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Speaker 1: The big stories, the big issues, the big trends and

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Speaker 1: everything in between. Matt Heath and Tyler Adams afternoons used

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Speaker 1: talks that'd be for.

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Speaker 2: A good afternoon till it is fourteen past one. So

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Speaker 2: we're talking about renting versus There's an argument made by

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Speaker 2: an economist called Luke Kem's. He was talking to the

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Speaker 2: Prosperity Project where he argues the calculations now swing in

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Speaker 2: favor of renting rather than owing, as long as you

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Speaker 2: invest your money on a regular basis. So you're starting

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Speaker 2: to think that way. Is the old adage that you

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Speaker 2: need property, you need to get on the ladder to

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Speaker 2: get ahead in life in New Zealand? Is that starting

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Speaker 2: to change?

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Speaker 3: Oh?

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Speaker 2: E one hundred and eighty ten eighty is the number

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Speaker 2: to call? James, how are you this afternoon?

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Speaker 4: I'm good?

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Speaker 5: Thank you?

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Speaker 6: How are you?

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Speaker 7: Tyler?

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Speaker 8: Yeah?

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Speaker 2: Very good? So are you renting or are you an owner?

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Speaker 4: So I'm kind of a hybrid. So I rent with

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Speaker 4: some friends, I live with them. I'm single, I've got

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Speaker 4: a dog, I don't need a lot of rooms, so

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Speaker 4: I rent to keep.

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Speaker 7: My cost down.

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Speaker 4: And then I've got a couple of investment properties as well,

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Speaker 4: which are returning not too bad, so that it kind

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Speaker 4: of works for me.

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Speaker 2: Right, So the two properties that you do own a

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Speaker 2: new you rented out that is more than what you need,

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Speaker 2: so you've kind of downsize yourself youself with the renting situation.

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Speaker 4: Yeah, yeah, that's correct. So one of the properties I've

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Speaker 4: had for quite a while that's got pretty high equity,

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Speaker 4: so then we'll get just quite low on that, so

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Speaker 4: you know, that returns a real good amount. And then

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Speaker 4: the other property on topping up slightly, like maybe about

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Speaker 4: twenty or thirty a week because I don't want to

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Speaker 4: I don't want to set the rent too high. And yeah,

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Speaker 4: so between them that kind of evens. You know, it

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Speaker 4: gives me a little bit of pocket money. And you know,

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Speaker 4: and I've always got someone to dogs from my dog

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Speaker 4: because I've got flatmates.

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Speaker 2: Is it part of renting life that you don't like?

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Speaker 2: James and I talked about the three monthly inspections that

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Speaker 2: you've got to do. You can't really do anything to

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Speaker 2: the property, and you've got flatmates. I mean, you might

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Speaker 2: like having people around, but some people like having their

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Speaker 2: own space. Does any of that make you start to

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Speaker 2: think it'd be quite nice to go into my own property?

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Speaker 9: Oh?

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Speaker 4: Kind of that. The two the two friends I live with,

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Speaker 4: they own the house, so I'm just renting a room

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Speaker 4: off them, so that in that case, you know, there's

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Speaker 4: no inspections or anything. Probably they draw back as thin

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Speaker 4: walls that you know that's the right.

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Speaker 2: Yep, you deal with that the best you can't. So

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Speaker 2: you know, looking at at what Luke Kemy's is saying,

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Speaker 2: do you do you think he's on the right track.

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Speaker 2: They're clearly you're in an interesting space where you own

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Speaker 2: two properties but you're renting at the moment. I take

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Speaker 2: it you bought those properties with the intention to having

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Speaker 2: assets when you got into later in life, and that

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Speaker 2: that those investments are helping you pay your rent. So

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Speaker 2: would you agree with with Luke Kemy's that you don't

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Speaker 2: need a home or you still think that you need

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Speaker 2: a couple of assets for retirement.

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Speaker 4: I definitely do think you need a couple of assets

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Speaker 4: for retirement because you know, in twenty five or thirty years,

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Speaker 4: when the mortgage is gone, you know, the rental income

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Speaker 4: isn't you know if you're thinking that longer term, are

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Speaker 4: you know you pass away maybe with a bit of

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Speaker 4: money in the bank that maybe maybe not if you're

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Speaker 4: bad at saving or investing all whatever. So yeah, to me,

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Speaker 4: property is still a solid way to go.

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Speaker 2: Yeah, good on you, James, Thank you very much for

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Speaker 2: giving me a call. Do you agree with James O?

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Speaker 2: Eight hundred and eighty ten eighty is that number to call?

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Speaker 2: So James is an interesting space that he rents, but

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Speaker 2: he's got a couple of investment properties. But as he said,

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Speaker 2: he still thinks that having a tangible asset like a

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Speaker 2: house is needed by the time you get to retirement.

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Speaker 2: And that's always the plan, right. That's why they say

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Speaker 2: you're going to get on the property ladder, is that

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Speaker 2: you buy a home, you get a mortgage, and over

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Speaker 2: time you pay off that mortgage, so it is mortgage

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Speaker 2: free by the time you hit sixty five, maybe a

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Speaker 2: little bit later, so you've got that there as backup.

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Speaker 2: It's effectively a nest egg. What Luke Kemy's is arguing

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Speaker 2: is you can build that nest dig over time by

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Speaker 2: renting and investing. And he talks about that opportunity cost,

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Speaker 2: you know, the missed opportunity cost of locking up money

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Speaker 2: that you've pumped into a house that you could have

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Speaker 2: put investments. But I'd argue the opportunity costs missed when

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Speaker 2: you rent is having freedom to do what you want

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Speaker 2: to do. Is having that stability of your own little

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Speaker 2: slice of paradise and not have to worry about the

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Speaker 2: whims of a landlord you might be dealing with. They

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Speaker 2: come in every three months to make sure you're looking

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Speaker 2: after the place. That's fine, but it is a bit

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Speaker 2: of an invasion in your day to day, isn't it.

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Speaker 2: And the fact that you've got no real control over

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Speaker 2: where you're living, apart from having a hopefully nice, safe

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Speaker 2: home to live in. But then on the flip side,

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Speaker 2: you don't have to worry about maintenance. That is a

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Speaker 2: big cost for a landlord. So taking your calls. Oh,

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Speaker 2: eight hundred and eighty ten eighty is the number. Get

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Speaker 2: a kram. How are you.

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Speaker 10: Hi?

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Speaker 9: Yes?

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Speaker 10: Good?

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Speaker 11: Thank you?

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Speaker 10: Yeah?

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Speaker 11: Don't I don't really know who this look is, but anyway,

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Speaker 11: I totally agree with you. And James, and I'm sure

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Speaker 11: there's lots of Kiwis out there who would still agree

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Speaker 11: that buying a property, whether to live in or as

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Speaker 11: an investment, is still viable regardless of whatever the propaganda

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Speaker 11: is being spread right at the moment.

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Speaker 2: To be fair on Luke's you know calculations, I mean,

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Speaker 2: you could argue the way you know, how you calculate.

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Speaker 2: That can be argued, and hence why we're having this discussion.

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Speaker 2: But I think the numbers are not far off Kuran,

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Speaker 2: And it's been discussed for some time that as long

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Speaker 2: as you have discipline and you invest the extra money

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Speaker 2: coming in, it starts to balance off towards the end

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Speaker 2: of your life. But the downside to that, in my opinion,

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Speaker 2: is not having something that you own yourself that nobody

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Speaker 2: can tell you what to do with it.

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Speaker 11: Well, the numbers, I mean, it's very complicated. Like I've

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Speaker 11: been in the investment game for a while, so it

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Speaker 11: depends what numbers are being done on what sort of properties.

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Speaker 11: You know, are they taking an average property? Are they

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Speaker 11: looking at like say a little studio apartment or townhouses

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Speaker 11: or multi flat units, you know, like you can buy houses,

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Speaker 11: you know, with a granny flat. You can put another

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Speaker 11: dwelling on it. You can, you know, and as you know,

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Speaker 11: rules have been relaxed now to put you know, more dwellings.

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Speaker 11: You can increase your income. And also depends how much

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Speaker 11: you buy the property for. You know, you made the

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Speaker 11: money on the day you buy the property. It's not

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Speaker 11: about holding the property for two years and selling it

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Speaker 11: for another hundred k. So there's so many factors you know,

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Speaker 11: in buying a property, and whether it's to live in

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Speaker 11: or as an investment, you can make it work even

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Speaker 11: in this current market. I know it's very challenging. I

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Speaker 11: know sometimes it feels like the numbers don't stack up.

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Speaker 11: But if you're buying it for the right price and

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Speaker 11: you I don't know, for example, you put it on

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Speaker 11: Airbnb or whatever, you know, you've you split it into

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Speaker 11: two flats, you add another bedroom, you're adding value. There's

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Speaker 11: so much more you can do with a property rather

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Speaker 11: than just saying well, I'll just go and buy some

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Speaker 11: gold or crypto or put it into shares and I'm

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Speaker 11: actually going to make more money. I'm sorry, that's very

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Speaker 11: boring for me. You know, buying a property is a

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Speaker 11: challenge and it is, Yeah, you know, it's a lot

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Speaker 11: more challenging than any other investment.

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Speaker 2: So it certainly is. I mean one of the assumptions

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Speaker 2: made by by this particular investor and others I've seen

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Speaker 2: make the calculations. And to your first point, the calculations

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Speaker 2: I've seen are on average, and you're quite right, there's

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Speaker 2: individual homes you can look at and what the potential

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Speaker 2: profit or margin you can make on those. The calculations

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Speaker 2: are across the board, all different property types and the

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Speaker 2: average of salary, etcetera, etcetera. But the idea of the capital,

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Speaker 2: you know, the capital gains that a property makes. So

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Speaker 2: there's an assumption there that you will still see on

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Speaker 2: average capital gains across the lifetime of a home, but

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Speaker 2: they're not to the extent that they used to be.

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Speaker 2: Do you think that's true?

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Speaker 11: No, I don't agree with that either, because we can't

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Speaker 11: just go by, you know, what's happened in the last

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Speaker 11: couple of years and just just say, well, we'll never

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Speaker 11: see the same gains again again. I do not bind

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Speaker 11: to that hole. And that's what's happening everywhere you know it.

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Speaker 11: It's almost like they're discouraging whoever it is and it's

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Speaker 11: coming from you know, different sides as well. It's not

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Speaker 11: only coming from the current like say, for example, the

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Speaker 11: national government or the economists, or they're all coming out

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Speaker 11: saying well, you're never going to see those gains again.

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Speaker 11: You'll never see five percent or six percent a year

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Speaker 11: on average.

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Speaker 9: You know.

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Speaker 11: And it's like no one can predict the future.

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Speaker 10: You know.

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Speaker 11: As much as they're saying we're not going to see it,

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Speaker 11: I'm going to sit there and be positive and optimistic

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Speaker 11: and say, well, we're probably going to see it, and

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Speaker 11: I'm happy to take the gamble and if they're right

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Speaker 11: after ten or fifteen or twenty years, that's fine. I'm

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Speaker 11: happy to fail and I'm happy to be proven wrong.

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Speaker 2: Yeah. Good on your Karam. And I think you're quite

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Speaker 2: prudent to what you're saying. There is any type of investment,

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Speaker 2: whether that's property or whether that's the share market, there's

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Speaker 2: no guarantee no matter where you invest your money in.

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Speaker 2: And a lot of people look at brick and mortar

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Speaker 2: it's something physical and tangible and feel that that might

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Speaker 2: be a sure bet then going into the stock market.

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Speaker 2: Thank you very much for your call. Do you agree

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Speaker 2: with Karama on one hundred and eighty ten eighty is

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Speaker 2: that number? It is twenty three past one.

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Speaker 1: The headlines and the hard questions. It's the mic asking breakfast.

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Speaker 12: Winston, Peter's New Zealand first leader. Have you ascertained as

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Speaker 12: to how far off national would be from splitting gent

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Speaker 12: tailors in general?

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Speaker 13: It's madness. We had all those decades of a cutting

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Speaker 13: edge advantage from the human businesses and homes, and then

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Speaker 13: we had a reform process was a real level of

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Speaker 13: nightmare that promised future costs with plateau and the very

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Speaker 13: reverse habits. So when evening about it, the.

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Speaker 12: Prime Minister's were a quick word on Winston that you

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Speaker 12: were world away from splitting gentiles when it's not going

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Speaker 12: to do that because you've jaw boned a lot on supermarkets,

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Speaker 12: a lot on banks, and a lot on the power pridule.

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Speaker 12: I just think in this case it causes massive uncertainty

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Speaker 12: in a sector where that stability is serventy is massively

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Speaker 12: disruptive because he did something like that back tomorrow at

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Speaker 12: six am the Mike Hosking Breakfast with Rain Drivers Sport

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Speaker 12: SV Newstalk ZB twenty.

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Speaker 2: Six pass one, and we're talking about renting versus owning.

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Speaker 2: There's an argument being made by new Zella and investor

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Speaker 2: Luke Hemes. He was talking to the Prosperity Project where

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Speaker 2: he sees the calculations have shifted in twenty twenty six

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Speaker 2: that he argues it is more beneficial in the long

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Speaker 2: run to rent and invest your money than to buy

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Speaker 2: a property. So if you are renting and you have

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Speaker 2: no desire to own a property, keen to hear from

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Speaker 2: you our eight hundred and eighty ten eighty y and

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Speaker 2: just going through the pros of renting, and there are

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Speaker 2: a lot of pros for renting that flexibility. Flexibility. Obviously,

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Speaker 2: if you rent a home and you decide that particular

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Speaker 2: property is not for you, you see it out for

340
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Speaker 2: a year until the contract runs up, the lease runs out,

341
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Speaker 2: then you find hopefully another rental, lower upfront costs, of

342
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Speaker 2: course less financial risk. Renters are not exposed to interest

343
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Speaker 2: rate hikes, falling house prices, or major unexpected repair bills.

344
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Speaker 2: And I think for me that's a biggie, no maintenance

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Speaker 2: or repair costs. And as someone who owns a property,

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Speaker 2: we're renting it out down in christ Juge, but also

347
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Speaker 2: renting up here in Auckland. I was generally surprised on

348
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Speaker 2: what it was going to cost us for maintenance, because

349
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Speaker 2: of course that would be things that I would do

350
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Speaker 2: myself or pot off until they are an emergency. When

351
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Speaker 2: you are renting out your own home, you've got to

352
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Speaker 2: get that done a sap and you've got to get

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Speaker 2: it done by professionals. And when things have gone wrong

354
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Speaker 2: and the property we're renting in Auckland, that's a nice

355
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Speaker 2: feeling to be able to ring the landlord and say

356
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Speaker 2: you better get this sorted because it's affecting your property,

357
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Speaker 2: and then they cover the cost of it because that's

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Speaker 2: the deal. So what do you say, Oh, one hundred

359
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Speaker 2: and eighty ten eighty is the number? Nine two ninety

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Speaker 2: two is the text? Nick, You're in the ownership camp.

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Speaker 14: Yeah mate, Yeah, I'm on both sides on the table.

362
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Speaker 14: He's your fea mate. But you know, I once used

363
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Speaker 14: to be, you know, one mortgage which your hunter player

364
00:18:04,253 --> 00:18:09,453
Speaker 14: provider for the family. But it also when back in

365
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Speaker 14: the nineties when I actually went to the bank and

366
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Speaker 14: for more how many more details I had, so that

367
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Speaker 14: put me into the win when to buying cheap housing

368
00:18:21,693 --> 00:18:24,933
Speaker 14: back in the nineties, So I started just quickly you know,

369
00:18:25,093 --> 00:18:28,653
Speaker 14: might be saying, just started flipping, just started flipping from there.

370
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Speaker 14: And then I gradually built houses a house at the

371
00:18:34,733 --> 00:18:38,373
Speaker 14: back and started renting it and loving on the front house,

372
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Speaker 14: and it started ventuding from there and then and then

373
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Speaker 14: my ideas were I had to go and build repairs

374
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Speaker 14: to repairs into the mixed door house. So ten twenty

375
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Speaker 14: years later on today doing a repair on the chimney

376
00:18:54,733 --> 00:18:57,853
Speaker 14: on one of my rentals at the moment. So the

377
00:18:57,933 --> 00:19:01,653
Speaker 14: only reason got it was because we played the field

378
00:19:01,693 --> 00:19:04,013
Speaker 14: pretty kirefully and at the right time, at the right

379
00:19:04,053 --> 00:19:06,493
Speaker 14: time in the market. That's why I'm on the side

380
00:19:06,533 --> 00:19:10,693
Speaker 14: of both sides just saying that there was any there

381
00:19:10,733 --> 00:19:16,733
Speaker 14: there are loopholes, and that too only a renting, but

382
00:19:17,413 --> 00:19:20,053
Speaker 14: it's definitely is uh. There's a one win if you

383
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Speaker 14: go in and do all the repairs that are required

384
00:19:24,653 --> 00:19:28,133
Speaker 14: on your renting, on your rentals, which say your money

385
00:19:28,133 --> 00:19:30,413
Speaker 14: on top of that, so you get you know, you're

386
00:19:30,853 --> 00:19:34,533
Speaker 14: not paying anything else. You actually invested that internatans which

387
00:19:35,333 --> 00:19:37,373
Speaker 14: at this time the stage, we've got a few houses,

388
00:19:37,653 --> 00:19:43,373
Speaker 14: you've come up to the last of my playing mortgage

389
00:19:44,013 --> 00:19:45,613
Speaker 14: going up to a little bit, so I'm in the

390
00:19:45,653 --> 00:19:50,893
Speaker 14: win win sort of thing, but still working nine to

391
00:19:50,973 --> 00:19:54,773
Speaker 14: five if you don't want to train thet y. But

392
00:19:54,773 --> 00:19:56,853
Speaker 14: but yeah, it sort of just went off of the

393
00:19:57,133 --> 00:19:58,933
Speaker 14: I don't know if that will help anybody, but it's

394
00:19:58,933 --> 00:20:01,333
Speaker 14: just sort of I could go on forever about it,

395
00:20:01,413 --> 00:20:03,773
Speaker 14: but it's definitely HLP your wife and I.

396
00:20:04,493 --> 00:20:06,173
Speaker 2: Yeah, you dug in to make it work for your neck.

397
00:20:06,173 --> 00:20:08,213
Speaker 2: And you're very savy about how you picked up those

398
00:20:08,813 --> 00:20:10,812
Speaker 2: and well done you because as you said, you had

399
00:20:10,813 --> 00:20:13,213
Speaker 2: to live in the back place. Why you you did

400
00:20:13,293 --> 00:20:15,013
Speaker 2: up the property in the front and rented it out

401
00:20:15,373 --> 00:20:17,653
Speaker 2: hopefully some nice people or a nice family. So you

402
00:20:17,653 --> 00:20:20,133
Speaker 2: put in you know, you're put in the sweet equity

403
00:20:20,173 --> 00:20:23,413
Speaker 2: as we call it. But can you can you see?

404
00:20:23,733 --> 00:20:26,533
Speaker 2: You know that these numbers all stacked up very well

405
00:20:26,653 --> 00:20:30,292
Speaker 2: ten twenty thirty years ago, and you look at the

406
00:20:30,373 --> 00:20:32,773
Speaker 2: housing market today. So the average across the hole in

407
00:20:32,813 --> 00:20:34,973
Speaker 2: New Zealand for a home is nine hundred and sixty

408
00:20:34,973 --> 00:20:37,013
Speaker 2: three thousand dollars, which is which is up there right,

409
00:20:37,653 --> 00:20:40,293
Speaker 2: And what you're seeing with the market now, it's been

410
00:20:40,333 --> 00:20:42,493
Speaker 2: pretty flat for some time. We all know the reasons

411
00:20:42,493 --> 00:20:46,373
Speaker 2: for that shot up like crazy when when the COVID

412
00:20:46,373 --> 00:20:48,813
Speaker 2: months hit now started to flat it off, and there's

413
00:20:48,853 --> 00:20:50,573
Speaker 2: no saying that it's not going to go up again,

414
00:20:50,933 --> 00:20:54,533
Speaker 2: you know, highly likely over the enough time period at will.

415
00:20:54,893 --> 00:20:59,373
Speaker 2: But whether the figures still stack up that they did

416
00:20:59,413 --> 00:21:02,413
Speaker 2: twenty years ago, I think there's that's a fair argument

417
00:21:02,493 --> 00:21:04,532
Speaker 2: that when you talk about capital gain, are you going

418
00:21:04,573 --> 00:21:07,093
Speaker 2: to see the same capital gain as you saw from

419
00:21:07,173 --> 00:21:09,773
Speaker 2: nineteen eighty to two thirds as you are from twenty

420
00:21:09,893 --> 00:21:12,053
Speaker 2: twenty six to twenty forty six, And I don't think

421
00:21:12,053 --> 00:21:12,292
Speaker 2: you are.

422
00:21:12,653 --> 00:21:16,173
Speaker 14: Yeah, no, I lost that, But there was always a

423
00:21:16,213 --> 00:21:20,053
Speaker 14: pram D that we were making money in one of

424
00:21:20,053 --> 00:21:23,573
Speaker 14: the houses were in We built their three story house

425
00:21:23,653 --> 00:21:27,773
Speaker 14: and we had four students changed students in the middle there,

426
00:21:27,813 --> 00:21:30,773
Speaker 14: so that's where we made our money and moving forward.

427
00:21:30,813 --> 00:21:33,613
Speaker 14: So that whole thing was about one thousand dollars a

428
00:21:33,653 --> 00:21:37,653
Speaker 14: week from having four shoots, you don't mind me saying,

429
00:21:38,053 --> 00:21:41,733
Speaker 14: And that was about ten years ago, which today, Yeah, no,

430
00:21:41,973 --> 00:21:45,493
Speaker 14: it's a REGOs she's quite eye out there, but you

431
00:21:45,533 --> 00:21:48,293
Speaker 14: know it's for that plan that actually worked out back then,

432
00:21:48,693 --> 00:21:51,173
Speaker 14: and that was in the early late nineties.

433
00:21:52,653 --> 00:21:55,093
Speaker 2: Yeah. No, No, it sounds like you've you know, you

434
00:21:55,173 --> 00:21:58,253
Speaker 2: built yourself up a nice portfolio there with housing through

435
00:21:58,293 --> 00:22:00,693
Speaker 2: some hard work and sweet equity. So well done. I mean,

436
00:22:00,773 --> 00:22:03,853
Speaker 2: isn't that great? Is that still a potential for young

437
00:22:03,853 --> 00:22:05,693
Speaker 2: people who wanted to get into the property market. You

438
00:22:05,693 --> 00:22:07,532
Speaker 2: can still do it. You just have to hustle and

439
00:22:07,573 --> 00:22:09,653
Speaker 2: you've got to work. Perhaps get some more skills that

440
00:22:09,653 --> 00:22:12,053
Speaker 2: you can fix things that go wrong in your property

441
00:22:12,053 --> 00:22:14,093
Speaker 2: when they happen. Oh, one hundred and eighty ten eighty

442
00:22:14,413 --> 00:22:17,253
Speaker 2: is the number to call headlines with Rayling coming up?

443
00:22:17,253 --> 00:22:20,373
Speaker 2: It is twenty eight to two. You've talk said the

444
00:22:20,773 --> 00:22:23,333
Speaker 2: headlines with your Ride.

445
00:22:23,093 --> 00:22:26,693
Speaker 15: New Zealand's number one taxi ad Download your ride today.

446
00:22:27,253 --> 00:22:30,013
Speaker 15: Officials say there are no signs of disruption to our

447
00:22:30,053 --> 00:22:34,013
Speaker 15: fuel supply, with today's update on stock showing we had

448
00:22:34,053 --> 00:22:37,532
Speaker 15: forty nine point nine days of petrol as of Wednesday.

449
00:22:38,013 --> 00:22:40,853
Speaker 15: We have forty five point five days of diesel and

450
00:22:40,973 --> 00:22:44,813
Speaker 15: forty four point seven days of jet fuel, all down marginally.

451
00:22:45,733 --> 00:22:49,173
Speaker 15: Countries grappling with fuel supply fears have their eyes trained

452
00:22:49,213 --> 00:22:52,292
Speaker 15: on the Strait of hor Mooz Around still blocking shipping

453
00:22:52,293 --> 00:22:55,093
Speaker 15: through the passage and is promising to entirely shut it

454
00:22:55,373 --> 00:22:58,453
Speaker 15: if Donald Trump carries out a threat to bomb Iran's

455
00:22:58,493 --> 00:23:02,773
Speaker 15: power infrastructure. The government says plans to more than double

456
00:23:02,813 --> 00:23:06,973
Speaker 15: EV charger sites country wide happen to coincide with surging

457
00:23:07,053 --> 00:23:10,253
Speaker 15: fuel prices. Was in the works before the US and

458
00:23:10,373 --> 00:23:14,213
Speaker 15: Israel launched war on Iran. Fon Terra has lifted its

459
00:23:14,213 --> 00:23:17,333
Speaker 15: half year net profit to seven hundred and fifty million

460
00:23:17,413 --> 00:23:20,613
Speaker 15: dollars with a forecast farm gate milk price range up

461
00:23:20,693 --> 00:23:25,493
Speaker 15: twenty cents. Canterbury motorists have reason to cry over milk

462
00:23:25,853 --> 00:23:29,173
Speaker 15: with a dairy tanker spill disrupting State Highway seventy three

463
00:23:29,213 --> 00:23:32,493
Speaker 15: near Castle Hill just kiddo meters from a diesel spill

464
00:23:32,533 --> 00:23:36,893
Speaker 15: earlier today from the ducks to the strip inside christ

465
00:23:37,013 --> 00:23:41,013
Speaker 15: Church's long lost legendary bars. Read more at Ends and

466
00:23:41,093 --> 00:23:44,093
Speaker 15: Herald Premium. Back to matte Ethan Tyler Adams, thank you

467
00:23:44,173 --> 00:23:46,253
Speaker 15: very much, Ray Lane twenty four to two. We're talking

468
00:23:46,253 --> 00:23:51,173
Speaker 15: about renting versus owning, an argument made by a investor

469
00:23:51,213 --> 00:23:54,933
Speaker 15: New Zealand investor's names Luke Kemeys on the Prosperity Project.

470
00:23:55,653 --> 00:23:59,173
Speaker 15: He argues that renting, when you do the calculations, is

471
00:23:59,213 --> 00:24:00,973
Speaker 15: actually better for you in the long run, as long

472
00:24:01,013 --> 00:24:04,653
Speaker 15: as you invest extra money along the way, rather than

473
00:24:04,693 --> 00:24:06,693
Speaker 15: owning a property. Do you agree, oh, a one hundred

474
00:24:06,773 --> 00:24:08,893
Speaker 15: eighty ten eighty. And just to break that down further,

475
00:24:08,893 --> 00:24:12,093
Speaker 15: as argument effectively is, on average, if you're renting, you're

476
00:24:12,093 --> 00:24:14,493
Speaker 15: going to pay less than a homeowner when you take

477
00:24:14,533 --> 00:24:19,453
Speaker 15: into account rates, which are, as we know, skyrocketing, insurance repairs,

478
00:24:19,493 --> 00:24:20,453
Speaker 15: et cetera, et cetera.

479
00:24:20,733 --> 00:24:22,532
Speaker 2: So you take all that money that a homeowner is

480
00:24:22,573 --> 00:24:25,333
Speaker 2: paying on top of what you would as a renter,

481
00:24:25,533 --> 00:24:28,052
Speaker 2: and you invest that into shares, you're going to be

482
00:24:28,053 --> 00:24:30,253
Speaker 2: better off in the long run. Is he right? Or

483
00:24:30,293 --> 00:24:33,413
Speaker 2: is that a crazy strategy? Prou How are you this afternoon?

484
00:24:34,413 --> 00:24:35,133
Speaker 10: Hey, I'm good.

485
00:24:35,173 --> 00:24:37,733
Speaker 2: How are you good? Nice to chat? So what camp

486
00:24:37,733 --> 00:24:38,053
Speaker 2: are you're in?

487
00:24:39,493 --> 00:24:42,093
Speaker 16: I'm definitely owning your own home. My husband and I

488
00:24:42,133 --> 00:24:45,133
Speaker 16: have got a building company, so maybe a little bit biased,

489
00:24:46,173 --> 00:24:49,532
Speaker 16: but I just think once you own it, it's yours.

490
00:24:49,573 --> 00:24:52,053
Speaker 16: And I think the key thing with what the investor

491
00:24:52,133 --> 00:24:54,733
Speaker 16: is saying is that you do need to invest as

492
00:24:54,773 --> 00:24:57,493
Speaker 16: well as paying rents. And for a lot of people

493
00:24:57,493 --> 00:25:00,253
Speaker 16: these days, paying rent is what we pay in a mortgage,

494
00:25:00,733 --> 00:25:03,053
Speaker 16: so finding that extra money to be able to invest

495
00:25:03,133 --> 00:25:05,853
Speaker 16: could be incredibly difficult. Or as if you're paying a

496
00:25:05,853 --> 00:25:08,213
Speaker 16: mortgage and your rates and insurance all in higher one

497
00:25:08,413 --> 00:25:11,573
Speaker 16: month son, then you you are kind of investing because

498
00:25:11,653 --> 00:25:13,493
Speaker 16: you're going to if you're having it over the full

499
00:25:13,613 --> 00:25:16,373
Speaker 16: term of your loan, which might be twenty or thirty years,

500
00:25:16,413 --> 00:25:18,893
Speaker 16: you are going to get next typical games and you

501
00:25:18,893 --> 00:25:21,613
Speaker 16: will own something an asset at.

502
00:25:21,493 --> 00:25:23,812
Speaker 2: The end of the day, and it's forced investment as well,

503
00:25:23,853 --> 00:25:25,573
Speaker 2: wasn't it, Prue, like you say. I mean, that's that's

504
00:25:25,613 --> 00:25:28,413
Speaker 2: where I think the argument falls down. Is there may

505
00:25:28,453 --> 00:25:31,333
Speaker 2: be some people out there who are incredibly disciplined and

506
00:25:31,373 --> 00:25:33,773
Speaker 2: they'll take every little bit of extra money they're getting

507
00:25:34,093 --> 00:25:36,653
Speaker 2: after they pay rent and invest that. But I'd argue

508
00:25:36,893 --> 00:25:40,413
Speaker 2: human psychology does not bode well for most people to

509
00:25:40,493 --> 00:25:42,453
Speaker 2: do that. If they've got extra cash coming in, they

510
00:25:42,533 --> 00:25:44,853
Speaker 2: might put a little bit away, but certainly not to

511
00:25:44,893 --> 00:25:48,413
Speaker 2: the extent that this particular person is doing well.

512
00:25:48,493 --> 00:25:51,853
Speaker 16: Absolutely. I mean, if people head extra money, a simple

513
00:25:51,853 --> 00:25:54,213
Speaker 16: way to invest with their m qbsavor and I know

514
00:25:54,293 --> 00:25:56,093
Speaker 16: you can't get that out till your sixty five, but

515
00:25:56,133 --> 00:25:58,093
Speaker 16: I think the majority of people will still just be

516
00:25:58,093 --> 00:26:01,453
Speaker 16: putting that minimum three percent in. So at least if

517
00:26:01,453 --> 00:26:03,813
Speaker 16: you've got a home, then you do have be a

518
00:26:03,933 --> 00:26:05,853
Speaker 16: set and I think there are homes out there. I

519
00:26:05,853 --> 00:26:08,813
Speaker 16: mean I living christ Chat which is still booming all around,

520
00:26:08,813 --> 00:26:12,253
Speaker 16: and our one which is definitely booming still. But there

521
00:26:12,333 --> 00:26:14,773
Speaker 16: are still homes that I think most people can afford it.

522
00:26:14,813 --> 00:26:18,373
Speaker 16: And it's making sure that you're not loaning to the max,

523
00:26:18,493 --> 00:26:20,573
Speaker 16: but the max amount that you can, that you're learning

524
00:26:20,693 --> 00:26:23,213
Speaker 16: so that you can still afford it and you can

525
00:26:23,213 --> 00:26:24,013
Speaker 16: still afford.

526
00:26:23,813 --> 00:26:24,493
Speaker 10: To live with it.

527
00:26:24,533 --> 00:26:26,933
Speaker 16: And it's kind of that whole like not keeping up

528
00:26:26,933 --> 00:26:29,533
Speaker 16: with the joneses, you know, like borrow what you can

529
00:26:30,493 --> 00:26:32,533
Speaker 16: and you know, you can always have a look that

530
00:26:33,133 --> 00:26:35,253
Speaker 16: that you know, you have that house fval teen years

531
00:26:35,253 --> 00:26:36,853
Speaker 16: and then you sell it and then you can always

532
00:26:37,013 --> 00:26:39,813
Speaker 16: you know, move into that home that do you really desire.

533
00:26:39,933 --> 00:26:42,973
Speaker 16: But yeah, I just think that it's all good and

534
00:26:43,013 --> 00:26:45,213
Speaker 16: wow to say that people are going to invest that money,

535
00:26:45,213 --> 00:26:47,573
Speaker 16: But I just I don't think New Dalanders have that

536
00:26:47,773 --> 00:26:49,973
Speaker 16: sphere income at the moment.

537
00:26:50,013 --> 00:26:51,213
Speaker 11: And again, like you said.

538
00:26:51,253 --> 00:26:54,253
Speaker 16: Being disciplined enough to put that into investment, it takes

539
00:26:54,253 --> 00:26:56,333
Speaker 16: a lot of It does take a lot of disciplines

540
00:26:56,373 --> 00:26:59,293
Speaker 16: and when where there's so many like carrots dangling at

541
00:26:59,293 --> 00:27:00,933
Speaker 16: the end of the stick for us these days, with

542
00:27:01,093 --> 00:27:06,573
Speaker 16: apps and purchases and higher purchase everything that. Yeah, you

543
00:27:06,733 --> 00:27:09,173
Speaker 16: have to be a very disciplined test for that.

544
00:27:09,173 --> 00:27:11,013
Speaker 2: That's right. You know, when you've got a mortgage and

545
00:27:11,093 --> 00:27:13,853
Speaker 2: you know if you don't pay that every fortnightly or month,

546
00:27:13,893 --> 00:27:15,533
Speaker 2: then the bank's going to take your home. That's a

547
00:27:15,653 --> 00:27:18,292
Speaker 2: very good incentive to make sure you keep paying that.

548
00:27:18,333 --> 00:27:21,373
Speaker 2: You know, that becomes priority number one rather than getting

549
00:27:21,413 --> 00:27:23,413
Speaker 2: you know, some more takeout or whatever else if you've

550
00:27:23,413 --> 00:27:26,933
Speaker 2: got cash sitting there waiting for something. But just on

551
00:27:27,013 --> 00:27:28,733
Speaker 2: the because you mentioned christ Church and that's a good

552
00:27:28,733 --> 00:27:32,613
Speaker 2: market to talk about. Some family members of ours just

553
00:27:32,693 --> 00:27:35,373
Speaker 2: purchased a home last week, very exciting for them first

554
00:27:35,373 --> 00:27:39,133
Speaker 2: home buyers. And I'm not going to say what they paid,

555
00:27:39,213 --> 00:27:42,133
Speaker 2: but it was let's say on average that the house

556
00:27:42,133 --> 00:27:44,213
Speaker 2: price down in christ Church is around about eight fifty

557
00:27:44,293 --> 00:27:47,733
Speaker 2: eight to fifty k, right, is that starting to get

558
00:27:47,773 --> 00:27:50,253
Speaker 2: to a level do you think proof for some first

559
00:27:50,253 --> 00:27:52,893
Speaker 2: home buyers to start to re calculate, because that's quite

560
00:27:52,893 --> 00:27:54,973
Speaker 2: a sizable mortgage for a lot of young people to

561
00:27:54,973 --> 00:27:57,893
Speaker 2: get into, certainly far bigger than when we purchased a

562
00:27:57,933 --> 00:27:59,493
Speaker 2: home seven years ago in christ Church.

563
00:28:00,413 --> 00:28:02,453
Speaker 16: Yeah, and I think that's where people has to be

564
00:28:02,573 --> 00:28:07,173
Speaker 16: really clever about what they're doing, and that's not my

565
00:28:07,333 --> 00:28:09,532
Speaker 16: own to you next time. There are plenty of homes,

566
00:28:09,533 --> 00:28:12,853
Speaker 16: I mean, where are more towards ourfield, but Rolston kurwe

567
00:28:13,453 --> 00:28:15,653
Speaker 16: all of those areas, and there are plenty of homes

568
00:28:15,653 --> 00:28:18,373
Speaker 16: that are still within that six to seven hundred thousand

569
00:28:18,413 --> 00:28:21,333
Speaker 16: dollars price range, which is much more affordable for a

570
00:28:21,413 --> 00:28:24,333
Speaker 16: first home owner. So it is thinking about, you know,

571
00:28:24,413 --> 00:28:27,493
Speaker 16: you might want this nice, fancy house, so you might want,

572
00:28:27,973 --> 00:28:30,253
Speaker 16: you know a little bit more land because you're having kids,

573
00:28:30,413 --> 00:28:32,693
Speaker 16: but can you actually afford that? And is there a

574
00:28:32,693 --> 00:28:34,773
Speaker 16: good investment for you if you're going to end up

575
00:28:34,773 --> 00:28:37,893
Speaker 16: going down to one income or you know, someone wants

576
00:28:37,933 --> 00:28:39,613
Speaker 16: to go to study or anything like that. So it

577
00:28:39,613 --> 00:28:42,733
Speaker 16: really is looking at that what you need and what

578
00:28:42,893 --> 00:28:45,133
Speaker 16: you want, And that's I mean as a building company,

579
00:28:45,133 --> 00:28:47,053
Speaker 16: that's the first thing we get in clients. So that

580
00:28:47,173 --> 00:28:48,973
Speaker 16: comes to see us is to do two lists for

581
00:28:49,173 --> 00:28:52,213
Speaker 16: us what you need and what you want and the

582
00:28:52,253 --> 00:28:54,733
Speaker 16: needs we will make sure we get and the once

583
00:28:54,813 --> 00:28:57,173
Speaker 16: we will put in if we can as much allows.

584
00:28:57,293 --> 00:28:59,093
Speaker 16: But yeah, those needs and wants I think get a

585
00:28:59,133 --> 00:29:03,213
Speaker 16: little bit confused, sometimes disciplined.

586
00:29:03,813 --> 00:29:06,693
Speaker 2: Again, to me, if it's your primary home. I mean, look,

587
00:29:06,973 --> 00:29:08,733
Speaker 2: you know, if you're an investor out there and clearly

588
00:29:08,813 --> 00:29:10,693
Speaker 2: prove you're in the investing market as well with the

589
00:29:10,693 --> 00:29:13,173
Speaker 2: building company, and you've got a couple of investments. But

590
00:29:13,333 --> 00:29:15,573
Speaker 2: I you know, my my thinking around that is, I

591
00:29:15,573 --> 00:29:17,853
Speaker 2: think if you're buying and second home or a third

592
00:29:17,853 --> 00:29:20,493
Speaker 2: home for an investment, maybe the calculations are starting to change.

593
00:29:20,493 --> 00:29:23,453
Speaker 2: But that primary home, if you can sit out some

594
00:29:23,533 --> 00:29:25,693
Speaker 2: bad times in some good times and sit it out

595
00:29:25,693 --> 00:29:28,613
Speaker 2: for the long run, then you're gonna you know, you

596
00:29:28,613 --> 00:29:31,733
Speaker 2: you will inevitably gain if you hold that property for

597
00:29:31,773 --> 00:29:34,133
Speaker 2: long enough. And that was always our thinking when we

598
00:29:34,213 --> 00:29:36,893
Speaker 2: purchased in a pretty crazy time. Turns out it went

599
00:29:37,013 --> 00:29:39,053
Speaker 2: it went up instead of down. But we thought it

600
00:29:39,093 --> 00:29:41,413
Speaker 2: was going to completely crash back when we purchased in

601
00:29:41,453 --> 00:29:44,653
Speaker 2: twenty twenty. But it was that frame of minds that

602
00:29:44,733 --> 00:29:46,453
Speaker 2: we're not in it to make a quick buck. We're

603
00:29:46,453 --> 00:29:48,053
Speaker 2: in it for the long haul and if we sit

604
00:29:48,133 --> 00:29:49,533
Speaker 2: long enough, it will go back up.

605
00:29:50,453 --> 00:29:50,613
Speaker 15: Oh.

606
00:29:50,693 --> 00:29:53,253
Speaker 16: I think property is a long game. If you're looking

607
00:29:53,293 --> 00:29:56,293
Speaker 16: at as a short ham fact, that's the wrong to

608
00:29:56,413 --> 00:29:59,733
Speaker 16: looking at like se I wouldn't call my husband. We

609
00:29:59,973 --> 00:30:04,413
Speaker 16: have like old fashion, we've filled you pretty much your

610
00:30:04,653 --> 00:30:08,053
Speaker 16: huld house. We're not fruit homes. We're not buying it

611
00:30:08,133 --> 00:30:11,693
Speaker 16: to specs or anything like that. And so when we

612
00:30:11,893 --> 00:30:14,733
Speaker 16: build an investment, it is for the long form. We

613
00:30:14,733 --> 00:30:17,613
Speaker 16: will hold it for at least ten years. That's not longer.

614
00:30:18,573 --> 00:30:20,413
Speaker 16: And I think that's what people need to look at, Like,

615
00:30:20,453 --> 00:30:22,493
Speaker 16: you don't need to be having that home really for

616
00:30:22,613 --> 00:30:25,013
Speaker 16: kind of ten years in order for you to get

617
00:30:25,053 --> 00:30:27,613
Speaker 16: that capital gain so that you can then see other

618
00:30:27,693 --> 00:30:30,613
Speaker 16: home and use the capital gain to maraybe buy your

619
00:30:30,693 --> 00:30:32,253
Speaker 16: next property, or if you're going to have it for

620
00:30:32,293 --> 00:30:35,013
Speaker 16: the long term, if that's going to be your own home,

621
00:30:35,373 --> 00:30:37,733
Speaker 16: then sure, you know you can go a little bit

622
00:30:37,733 --> 00:30:39,693
Speaker 16: more and you can really keep what you want. A

623
00:30:39,693 --> 00:30:42,013
Speaker 16: lot of people hate moving, and so that's a sistul

624
00:30:42,053 --> 00:30:42,533
Speaker 16: way to do.

625
00:30:42,493 --> 00:30:43,093
Speaker 2: It as well.

626
00:30:43,933 --> 00:30:45,813
Speaker 16: But I think people just need to really look at

627
00:30:45,853 --> 00:30:49,213
Speaker 16: what they can afford. And I mean in an ideal situation.

628
00:30:49,293 --> 00:30:52,133
Speaker 16: I think what that investor maybe could have mentioned is

629
00:30:52,173 --> 00:30:54,413
Speaker 16: that you can own your own home, and if you're not,

630
00:30:54,613 --> 00:30:56,613
Speaker 16: you aren't fishing your budget up to the max, and

631
00:30:56,693 --> 00:31:00,373
Speaker 16: you can use any extra for investments. And sometimes doing

632
00:31:00,413 --> 00:31:01,973
Speaker 16: that is a great way to do it because then

633
00:31:02,013 --> 00:31:04,653
Speaker 16: you can have that little bit of investment money there

634
00:31:05,333 --> 00:31:08,013
Speaker 16: if you need to do renovations or if something goes

635
00:31:08,053 --> 00:31:10,053
Speaker 16: wrong with your house, you've got that money there that

636
00:31:10,093 --> 00:31:13,053
Speaker 16: you can invest into the company or you can hold

637
00:31:13,053 --> 00:31:13,813
Speaker 16: it for long term.

638
00:31:14,213 --> 00:31:14,333
Speaker 6: Us.

639
00:31:14,373 --> 00:31:17,653
Speaker 16: If you're paying you know, your explot maximum each week

640
00:31:17,693 --> 00:31:21,653
Speaker 16: a month and your mortgage repayments, then you know that

641
00:31:21,773 --> 00:31:23,693
Speaker 16: can really restrict on your life as well, and I

642
00:31:23,693 --> 00:31:25,453
Speaker 16: think that's where some people can get kind of that

643
00:31:25,573 --> 00:31:28,133
Speaker 16: negative connotation with owning your own property.

644
00:31:28,413 --> 00:31:31,893
Speaker 2: So, yeah, pro, great call. Thank you very much for

645
00:31:31,933 --> 00:31:34,213
Speaker 2: giving me a buzz. Are you on the same side

646
00:31:34,213 --> 00:31:37,893
Speaker 2: as Pru that if you're savvy about buying a home

647
00:31:37,933 --> 00:31:39,853
Speaker 2: and as long as long as you do your research

648
00:31:39,893 --> 00:31:42,133
Speaker 2: and you're not taking on a debt that you can't service,

649
00:31:42,413 --> 00:31:44,973
Speaker 2: it is still a better option than renting and then

650
00:31:45,013 --> 00:31:47,373
Speaker 2: investing extra money. Oh, eight hundred and eighty ten eighty

651
00:31:47,493 --> 00:31:49,893
Speaker 2: is that number to call? It is sixteen to two.

652
00:31:50,693 --> 00:31:53,573
Speaker 1: Matt and Tyler with you as your afternoon rolls on

653
00:31:53,933 --> 00:31:56,813
Speaker 1: Matt Heathan Taylor Adams Afternoons with GOODA.

654
00:31:56,973 --> 00:31:58,053
Speaker 4: Can you crack the code?

655
00:31:58,093 --> 00:32:00,413
Speaker 1: Please go to codes every Day News Dogs.

656
00:32:00,413 --> 00:32:04,173
Speaker 2: There'd be thirteen to two. We're talking about renting versus owning,

657
00:32:04,253 --> 00:32:07,373
Speaker 2: and which makes more financial sense to get ahead in life.

658
00:32:07,453 --> 00:32:10,933
Speaker 2: In twenty twenty six, couple of pro renting techs here, Agaday.

659
00:32:11,133 --> 00:32:13,533
Speaker 2: I'm not on the property ladder yet, but I've recently

660
00:32:13,573 --> 00:32:16,293
Speaker 2: started a new job that allows me to save between

661
00:32:16,413 --> 00:32:19,533
Speaker 2: fifty to seventy thousand bucks a year. Not bad. Well,

662
00:32:19,573 --> 00:32:21,613
Speaker 2: I could put down a ten percent deposit on a

663
00:32:21,653 --> 00:32:24,213
Speaker 2: seven hundred thousand dollar home. The total interest over a

664
00:32:24,253 --> 00:32:27,013
Speaker 2: thirty year mortgage would be significant. Because of that, I've

665
00:32:27,053 --> 00:32:29,893
Speaker 2: decided to continue renting at six hundred bucks a week

666
00:32:30,133 --> 00:32:32,333
Speaker 2: for now and focus on investing so I can build

667
00:32:32,373 --> 00:32:35,613
Speaker 2: a larger deposit before buying pro rent for the time being.

668
00:32:35,653 --> 00:32:39,413
Speaker 2: That's from Liam and this one yeday. Guys. We sold

669
00:32:39,413 --> 00:32:41,133
Speaker 2: our house at the peak of twenty twenty one and

670
00:32:41,173 --> 00:32:45,893
Speaker 2: invested in businesses and investments. Our returns are on average

671
00:32:45,933 --> 00:32:48,573
Speaker 2: forty percent year on year, so a lot better return.

672
00:32:48,973 --> 00:32:52,173
Speaker 2: We'll buy back in with cash flow after a few

673
00:32:52,213 --> 00:32:54,013
Speaker 2: more years to keep those techs coming through. On nine

674
00:32:54,093 --> 00:32:56,853
Speaker 2: two nine to two, Craig, how are you all right?

675
00:32:56,893 --> 00:32:57,253
Speaker 6: How you going?

676
00:32:57,253 --> 00:32:57,573
Speaker 17: Buddy?

677
00:32:57,653 --> 00:32:58,253
Speaker 2: Good mate?

678
00:32:58,773 --> 00:33:02,893
Speaker 17: You go in this investment advisor. I have to call

679
00:33:02,933 --> 00:33:06,813
Speaker 17: them out because what an assumption is that people read

680
00:33:06,853 --> 00:33:11,653
Speaker 17: the house dan savings and then investor.

681
00:33:11,853 --> 00:33:14,773
Speaker 2: Yeah, so just quickly, because yeah, a lot of people

682
00:33:14,773 --> 00:33:17,253
Speaker 2: are calling calling this out, So just quickly. The calculation

683
00:33:17,413 --> 00:33:21,173
Speaker 2: is renting is cheaper on average than owning a home

684
00:33:21,173 --> 00:33:24,573
Speaker 2: when you take into account rates, insurance, repairs, and a

685
00:33:24,573 --> 00:33:27,453
Speaker 2: few other of those hidden costs that many homeowners have

686
00:33:27,533 --> 00:33:29,933
Speaker 2: to pay but might forget about. And then you take

687
00:33:29,973 --> 00:33:33,613
Speaker 2: the difference between what you pay in rent versus those

688
00:33:33,653 --> 00:33:35,773
Speaker 2: costs that you don't have to pay on rates, insurance,

689
00:33:35,773 --> 00:33:38,293
Speaker 2: et cetera, and you put that into a regular investment.

690
00:33:39,893 --> 00:33:40,133
Speaker 18: Yeah.

691
00:33:40,173 --> 00:33:44,373
Speaker 17: Okay, yeah, but I mean I'm in bought a probably

692
00:33:44,533 --> 00:33:48,493
Speaker 17: real conservative. We've always been brought up. You go and

693
00:33:48,493 --> 00:33:51,373
Speaker 17: get a mortgage when you're young, and it's virtually becomes

694
00:33:51,373 --> 00:33:55,373
Speaker 17: a compulsory saving scheme because you're slowly paying off your

695
00:33:55,373 --> 00:33:58,533
Speaker 17: house because if you don't pay or repayment in your house,

696
00:33:58,573 --> 00:34:01,053
Speaker 17: you lose it. So that sort of, you know, what

697
00:34:01,213 --> 00:34:05,093
Speaker 17: makes it sort of compulsory. And then if you choose

698
00:34:05,093 --> 00:34:07,013
Speaker 17: to have a family, you've got a base or a

699
00:34:07,013 --> 00:34:10,493
Speaker 17: home for your family in a street or somewhere, and

700
00:34:10,533 --> 00:34:13,933
Speaker 17: then that leads there in a really good community, you know,

701
00:34:14,373 --> 00:34:16,373
Speaker 17: because you have a stability, yea.

702
00:34:16,533 --> 00:34:18,732
Speaker 2: And you think that argument still holds up, Craig, because

703
00:34:19,053 --> 00:34:21,293
Speaker 2: that's the essence of it. Then, when you're quite right.

704
00:34:21,333 --> 00:34:23,772
Speaker 2: That was always the advice and it served me well,

705
00:34:23,853 --> 00:34:25,333
Speaker 2: it served a lot of people well, that you can

706
00:34:25,333 --> 00:34:28,133
Speaker 2: get on the property ladder and then build some equity

707
00:34:28,373 --> 00:34:31,613
Speaker 2: and even if you don't buy another property, hopefully you

708
00:34:31,613 --> 00:34:33,693
Speaker 2: pay off your mortgage and you had sixty five and

709
00:34:33,773 --> 00:34:36,053
Speaker 2: you've got an asset there that if anything goes wrong,

710
00:34:36,133 --> 00:34:38,933
Speaker 2: you've built up that equity and an asset. You think

711
00:34:38,933 --> 00:34:39,933
Speaker 2: that still holds.

712
00:34:39,653 --> 00:34:42,733
Speaker 17: True, Yes, yep, because at the end of the day,

713
00:34:42,773 --> 00:34:45,533
Speaker 17: when you pay your house off, you actually really you're

714
00:34:45,533 --> 00:34:47,813
Speaker 17: living your house free because you don't pay rent and

715
00:34:47,933 --> 00:34:50,933
Speaker 17: you got options to sell it or even re mortgage it.

716
00:34:50,933 --> 00:34:54,493
Speaker 17: As to me, it's a no brainer in my culture. Yeah,

717
00:34:55,053 --> 00:34:58,213
Speaker 17: and it leads to a good community because in any community,

718
00:34:58,413 --> 00:35:00,973
Speaker 17: guess to people there lived there for a long time,

719
00:35:01,253 --> 00:35:04,853
Speaker 17: you know, and they volunteer and do all the things

720
00:35:04,853 --> 00:35:06,933
Speaker 17: that you take for granted. And if you have a

721
00:35:06,973 --> 00:35:13,413
Speaker 17: community community that's transient, always moving around, it's got negative connotation.

722
00:35:13,813 --> 00:35:17,013
Speaker 2: Society certainly does. And yeah, you spot on, Craig, that's

723
00:35:17,013 --> 00:35:19,453
Speaker 2: another part of the argument when you've got more people

724
00:35:19,493 --> 00:35:23,093
Speaker 2: renting is it's way harder to form those communities, which

725
00:35:23,213 --> 00:35:27,133
Speaker 2: you know, arguably we took for granted twenty thirty years ago.

726
00:35:27,173 --> 00:35:28,933
Speaker 2: When I was growing up, it was certainly a very

727
00:35:28,933 --> 00:35:31,893
Speaker 2: connected community. You knew all your neighbors. You know, you

728
00:35:31,933 --> 00:35:33,772
Speaker 2: went to the same school with the kids, and mom

729
00:35:33,813 --> 00:35:36,693
Speaker 2: and dad knew the people across the road. But I

730
00:35:37,213 --> 00:35:39,413
Speaker 2: think that's not a thing in the past. But it's

731
00:35:39,453 --> 00:35:40,053
Speaker 2: harder to find.

732
00:35:41,093 --> 00:35:43,773
Speaker 17: Yeah, but I still say we have to aspire to

733
00:35:43,813 --> 00:35:48,173
Speaker 17: that and really aspired to still having a property owning democracy.

734
00:35:48,413 --> 00:35:49,212
Speaker 17: That's all I have to say.

735
00:35:49,293 --> 00:35:51,493
Speaker 2: Good on your Craig, Thank you very much for giving

736
00:35:51,493 --> 00:35:53,693
Speaker 2: me a call. What do you say do you agree

737
00:35:53,693 --> 00:35:56,373
Speaker 2: with Craig? Is it home ownership all the way? Or

738
00:35:56,573 --> 00:36:00,133
Speaker 2: does this investor have a point where you rent, you

739
00:36:00,173 --> 00:36:03,173
Speaker 2: save the extra money you'd ordinarily pay on the mortgage,

740
00:36:03,173 --> 00:36:05,053
Speaker 2: and you put that into investments that's going to set

741
00:36:05,093 --> 00:36:07,413
Speaker 2: you up better for the long run. It is nine

742
00:36:07,453 --> 00:36:10,573
Speaker 2: minutes to two. You're listening to Tyler. My mate Matt

743
00:36:10,653 --> 00:36:12,693
Speaker 2: is off today. He'll be back tomorrow. But stay right here.

744
00:36:12,733 --> 00:36:13,413
Speaker 2: I'll be back shortly.

745
00:36:14,413 --> 00:36:18,013
Speaker 1: Matt Heath Tyler Adams taking your calls on eight hundred

746
00:36:18,013 --> 00:36:20,653
Speaker 1: and eighty ten eighty. It's Matt Heath and Tyler Adams

747
00:36:20,693 --> 00:36:22,093
Speaker 1: afternoons news talks.

748
00:36:22,093 --> 00:36:25,773
Speaker 2: They'd be there's seven to two Peter, what's your thoughts?

749
00:36:26,733 --> 00:36:30,213
Speaker 19: Well, when I bought a house and christ chirts, the

750
00:36:30,253 --> 00:36:32,733
Speaker 19: rent was two hundred and ten and to buy it

751
00:36:32,813 --> 00:36:36,853
Speaker 19: was one hundred and fifty five thousand, and the gv's

752
00:36:36,933 --> 00:36:41,573
Speaker 19: gone down twenty thousand to about seven hundred and forty thousand, right,

753
00:36:41,653 --> 00:36:46,053
Speaker 19: And the thing is that you know, efforts a reasonable

754
00:36:46,533 --> 00:36:53,693
Speaker 19: nedial maybe, but one of your former employees went to

755
00:36:53,773 --> 00:36:57,053
Speaker 19: TVNZ and he grizzled about his house price going down

756
00:36:57,093 --> 00:36:59,013
Speaker 19: because you can buy a house and it goes down.

757
00:36:59,653 --> 00:37:03,613
Speaker 2: Oh is that a role mate, Jason? Yeah, yep, yeah,

758
00:37:03,693 --> 00:37:05,733
Speaker 2: I mean to be fair to you know, Jason. I

759
00:37:05,733 --> 00:37:07,893
Speaker 2: think he's being on there that he purchased in Wellington

760
00:37:07,933 --> 00:37:11,133
Speaker 2: from memory back when the market was pretty close to

761
00:37:11,173 --> 00:37:14,013
Speaker 2: the top. But that's the roll of the dice, isn't it.

762
00:37:14,893 --> 00:37:17,813
Speaker 19: Yeah, Well, you can make all or lose. And then

763
00:37:17,893 --> 00:37:21,252
Speaker 19: of course if you have an earthquake and it could

764
00:37:21,293 --> 00:37:24,733
Speaker 19: take years to sort itself out and you could have

765
00:37:24,773 --> 00:37:28,933
Speaker 19: a tsunami, you just don't know what's happening, and then

766
00:37:29,013 --> 00:37:31,133
Speaker 19: you know, banks don't want to leand money, have an

767
00:37:31,173 --> 00:37:34,693
Speaker 19: economic crisis or low interest rates, and you buy it

768
00:37:34,933 --> 00:37:37,093
Speaker 19: and then suddenly the interest rates go up, so it's

769
00:37:37,693 --> 00:37:42,533
Speaker 19: a wild play, and then you've got possible stagflation and

770
00:37:43,093 --> 00:37:45,933
Speaker 19: houses going up in prices to cost. But I think

771
00:37:46,493 --> 00:37:50,293
Speaker 19: if you have a single level close to a shopping

772
00:37:50,333 --> 00:37:53,773
Speaker 19: cent or something like that and there's a scarcity of something,

773
00:37:54,213 --> 00:37:57,533
Speaker 19: I think that looks possible. But if you're buying one

774
00:37:57,573 --> 00:38:00,413
Speaker 19: of these new ones that doesn't have a garage and

775
00:38:00,453 --> 00:38:02,933
Speaker 19: it's two stories and the heaps of them, there's nothing

776
00:38:03,613 --> 00:38:06,652
Speaker 19: pretty unique about the one you buy. And you know,

777
00:38:06,693 --> 00:38:09,613
Speaker 19: some of those have been going down from the price

778
00:38:09,653 --> 00:38:13,613
Speaker 19: of new costs, so you know, and if you look

779
00:38:13,653 --> 00:38:19,212
Speaker 19: at people's income versus the rents or versus the repayments,

780
00:38:18,373 --> 00:38:22,573
Speaker 19: it's pretty expensive. And the best website is an American

781
00:38:22,653 --> 00:38:26,732
Speaker 19: one called Calculate calculator dot net, and it will show

782
00:38:26,733 --> 00:38:29,373
Speaker 19: you the amount of interest you pay over time, and

783
00:38:29,373 --> 00:38:32,533
Speaker 19: if you put how much you're budgeting for many cost

784
00:38:32,573 --> 00:38:36,013
Speaker 19: of maintenance, you can see what it is over ever

785
00:38:36,093 --> 00:38:39,653
Speaker 19: how many years. And then they've also got a retirement

786
00:38:39,853 --> 00:38:42,373
Speaker 19: calculator and it asked you to put in the price

787
00:38:43,053 --> 00:38:46,213
Speaker 19: of inflation. So then they have the sorted one for

788
00:38:46,413 --> 00:38:49,733
Speaker 19: New Zealand, which takes your pension. But if you look

789
00:38:49,773 --> 00:38:52,333
Speaker 19: at the pension, if you have to pay rent, it's

790
00:38:52,373 --> 00:38:56,013
Speaker 19: not a happy site. So a lot of people delaying

791
00:38:56,133 --> 00:38:59,253
Speaker 19: or not having children because of the cost of living.

792
00:38:59,333 --> 00:39:02,133
Speaker 19: So does that mean smaller places are going to be

793
00:39:02,133 --> 00:39:04,573
Speaker 19: a more demand than better places?

794
00:39:04,653 --> 00:39:06,693
Speaker 2: So yeah, that's a question, you know. I mean, the

795
00:39:06,973 --> 00:39:09,573
Speaker 2: whole idea of of the value that you're going to

796
00:39:09,573 --> 00:39:11,733
Speaker 2: get from places like townhouses, and there's a lot of

797
00:39:11,813 --> 00:39:14,373
Speaker 2: them popping up, is that you hope the population keeps

798
00:39:14,373 --> 00:39:16,613
Speaker 2: increasing and at the moment it is, but it is

799
00:39:16,653 --> 00:39:18,652
Speaker 2: slowing down. Thank you very much for your thoughts, Peter.

800
00:39:18,653 --> 00:39:21,413
Speaker 2: We'll keep this going for a little bit after two o'clock.

801
00:39:21,453 --> 00:39:25,933
Speaker 2: Renting versus owning? What is the more savvy financial strategy

802
00:39:25,973 --> 00:39:29,133
Speaker 2: for the long term? In twenty twenty six, a local investor,

803
00:39:29,493 --> 00:39:31,613
Speaker 2: he is in the renting camp, a camp as long

804
00:39:31,653 --> 00:39:34,933
Speaker 2: as you invest the extra money on a regular basis.

805
00:39:34,973 --> 00:39:37,773
Speaker 2: But do you think home ownership, the old brick and mortar,

806
00:39:38,373 --> 00:39:40,652
Speaker 2: the age old strategy that we've had in New Zealand

807
00:39:40,693 --> 00:39:42,933
Speaker 2: for some time. That still rings true for you. Oh

808
00:39:42,933 --> 00:39:44,732
Speaker 2: eight one hundred and eighty ten eighty is the number

809
00:39:44,773 --> 00:39:49,013
Speaker 2: to call. Nineteen ninety two is the text. News is next, look.

810
00:39:48,813 --> 00:39:53,493
Speaker 1: Big stories, the big issues, the big trends and everything

811
00:39:53,493 --> 00:39:57,253
Speaker 1: in between. Kids, Matt Heath and Tyler Adams Afternoon Squi

812
00:39:57,493 --> 00:39:59,213
Speaker 1: Shoder News Talk said, the.

813
00:40:00,693 --> 00:40:03,013
Speaker 2: Very good afternoon to you. Welcome back into the show

814
00:40:03,133 --> 00:40:06,453
Speaker 2: seven past. Too great to have your company, Thanks very

815
00:40:06,533 --> 00:40:09,212
Speaker 2: much for giving us a listen. Just he heads up,

816
00:40:09,253 --> 00:40:12,413
Speaker 2: Matt is off for today. Only my mate will be

817
00:40:12,453 --> 00:40:14,973
Speaker 2: back with me tomorrow. Missing him, but he's off for

818
00:40:15,093 --> 00:40:17,773
Speaker 2: just one day, so you've got me for another couple

819
00:40:17,813 --> 00:40:21,933
Speaker 2: of hours. And I'm grateful for the company as we

820
00:40:21,973 --> 00:40:25,973
Speaker 2: carry on our discussion about renting versus home ownership. So

821
00:40:26,053 --> 00:40:29,173
Speaker 2: this was after a New Zealand investor Luke Kemey's he

822
00:40:29,253 --> 00:40:32,533
Speaker 2: has challenged the long held belief that home ownership is

823
00:40:32,613 --> 00:40:35,973
Speaker 2: key to financial success. That's the adage we've long been told,

824
00:40:35,973 --> 00:40:38,413
Speaker 2: as kiwis is if you want to get ahead in life,

825
00:40:38,493 --> 00:40:40,813
Speaker 2: or you want to build some wealth or give yourself

826
00:40:40,893 --> 00:40:43,413
Speaker 2: some security when you get to retirement, you need to

827
00:40:43,413 --> 00:40:46,453
Speaker 2: get on the property ladder. But he's challenging them. He

828
00:40:46,493 --> 00:40:49,333
Speaker 2: says he chooses to rent rather than buy, and instead

829
00:40:49,573 --> 00:40:53,013
Speaker 2: invest his money elsewhere, arguing that home ownership comes with

830
00:40:53,093 --> 00:40:57,853
Speaker 2: significant hidden costs like rates, insurance, repairs, as well as

831
00:40:57,893 --> 00:41:00,732
Speaker 2: what he calls opportunity costs, the potential returns you give

832
00:41:00,813 --> 00:41:04,853
Speaker 2: up by locking money into property instead of investing it.

833
00:41:05,333 --> 00:41:07,373
Speaker 2: So has he got a point? When we look at

834
00:41:07,413 --> 00:41:11,013
Speaker 2: the property market now, particularly for first home buyers, the

835
00:41:11,053 --> 00:41:14,493
Speaker 2: calculations starting to swing in favor of renting as long

836
00:41:14,533 --> 00:41:18,853
Speaker 2: as you invest steadily across your life heading into retirement,

837
00:41:18,973 --> 00:41:20,933
Speaker 2: or does it still make sense to get into brick

838
00:41:20,973 --> 00:41:23,533
Speaker 2: and mortar property to give you that security. Oh, eight,

839
00:41:23,533 --> 00:41:25,373
Speaker 2: one hundred and eighty ten eighty is the number to call.

840
00:41:25,453 --> 00:41:27,413
Speaker 2: Nine ten ninety two is the text. Plenty of tents

841
00:41:27,493 --> 00:41:31,173
Speaker 2: coming through like this one, Hi Tyler. Yes, Luke the

842
00:41:31,253 --> 00:41:33,813
Speaker 2: investor is probably correct from a numbers point of view,

843
00:41:33,813 --> 00:41:37,093
Speaker 2: given capital gains have been absent recently. But good luck

844
00:41:37,173 --> 00:41:40,053
Speaker 2: renting with your family and having security of tenure for

845
00:41:40,133 --> 00:41:42,413
Speaker 2: the years you need to put your kids through school

846
00:41:42,453 --> 00:41:44,652
Speaker 2: and not be at the mercy of your landlord, who

847
00:41:44,653 --> 00:41:47,813
Speaker 2: at any moment may sell that home forcing you to move.

848
00:41:47,853 --> 00:41:50,133
Speaker 2: I think families need to own their own home, pay

849
00:41:50,173 --> 00:41:53,013
Speaker 2: down their mortgage and have that security long term. They

850
00:41:53,173 --> 00:41:55,853
Speaker 2: can always leverage their home to invest in other areas

851
00:41:55,933 --> 00:41:59,893
Speaker 2: later if need be. That's from Paul and this one here,

852
00:42:00,133 --> 00:42:03,252
Speaker 2: let's not forget a prominent New Zealand economist telling young

853
00:42:03,293 --> 00:42:06,613
Speaker 2: people about a decade ago not to buy house. Prices

854
00:42:06,653 --> 00:42:10,733
Speaker 2: have since doubled, and particular economist when to hit and

855
00:42:10,733 --> 00:42:13,013
Speaker 2: brought one anyway, that's from Simon, So keep those teachs

856
00:42:13,013 --> 00:42:16,093
Speaker 2: coming through on nine to nine to two, Bill, what's

857
00:42:16,093 --> 00:42:16,653
Speaker 2: your thoughts?

858
00:42:18,373 --> 00:42:21,293
Speaker 5: Hey, yeah, let's said right. I can remember a long

859
00:42:21,373 --> 00:42:24,573
Speaker 5: list of economists over the last twenty years he said

860
00:42:24,613 --> 00:42:28,013
Speaker 5: don't buy a house, just like this guy's challenging as

861
00:42:28,053 --> 00:42:31,252
Speaker 5: well and challenge all he wants his role. It's been

862
00:42:31,333 --> 00:42:34,293
Speaker 5: what forty years or thirty years would be told, make

863
00:42:34,293 --> 00:42:36,733
Speaker 5: sure you get a property. And the advice has always

864
00:42:36,733 --> 00:42:40,813
Speaker 5: been the same, and it's always been right. You had

865
00:42:40,813 --> 00:42:43,172
Speaker 5: a guy on earlier who said you make some money

866
00:42:43,173 --> 00:42:45,973
Speaker 5: when you buy it. It's exactly right there. My advice

867
00:42:46,053 --> 00:42:50,053
Speaker 5: has been very smart about how you buy in today's market.

868
00:42:50,413 --> 00:42:53,053
Speaker 5: You're going to be careful with flat zones and old

869
00:42:53,133 --> 00:42:57,413
Speaker 5: by Christ is just quite sting because what's happened down there.

870
00:42:57,693 --> 00:42:58,333
Speaker 10: But I would.

871
00:42:58,173 --> 00:43:01,693
Speaker 5: Definitely use a buyer's agent, never buy direct from the

872
00:43:02,013 --> 00:43:04,772
Speaker 5: from the listing agent. You're going to be smart about

873
00:43:04,773 --> 00:43:06,093
Speaker 5: how you do this, Tyler.

874
00:43:06,733 --> 00:43:09,173
Speaker 2: Yeah, and look if you if you do your research

875
00:43:09,253 --> 00:43:10,573
Speaker 2: and is smart about it. And it was a big

876
00:43:10,653 --> 00:43:13,413
Speaker 2: learning curve when we were purchasing our first, first property,

877
00:43:13,413 --> 00:43:15,652
Speaker 2: our only property. I've got to say bill and learn

878
00:43:15,693 --> 00:43:18,893
Speaker 2: a lot of things along the way. But can you

879
00:43:18,933 --> 00:43:21,933
Speaker 2: see can you see the argument that say first home

880
00:43:21,973 --> 00:43:24,133
Speaker 2: buyas there's you know, people in their twenties or even

881
00:43:24,173 --> 00:43:26,013
Speaker 2: thirties now they want to get into a home, but

882
00:43:26,053 --> 00:43:28,933
Speaker 2: they're looking at what the repayments will be and rates

883
00:43:28,933 --> 00:43:31,333
Speaker 2: and insurance are going up, and the strain that will

884
00:43:31,333 --> 00:43:33,813
Speaker 2: put on them. I can understand from that point of

885
00:43:33,893 --> 00:43:36,813
Speaker 2: view if they're getting messages like this that you can

886
00:43:36,933 --> 00:43:39,333
Speaker 2: rent and as long as you're disciplined and you'll invest

887
00:43:39,373 --> 00:43:41,773
Speaker 2: your money, you can build up some wealth. And it's

888
00:43:41,813 --> 00:43:43,413
Speaker 2: not the bill and end or to get into a

889
00:43:43,453 --> 00:43:46,732
Speaker 2: property straight away. And if you do that successfully, then

890
00:43:46,773 --> 00:43:49,093
Speaker 2: you'll have a greater depositor. Maybe you can get into

891
00:43:49,133 --> 00:43:51,893
Speaker 2: the property later. Ladder down the track that that to

892
00:43:51,933 --> 00:43:52,973
Speaker 2: me makes a lot of sense.

893
00:43:54,213 --> 00:43:56,533
Speaker 5: Look, I remember being scared as how buying my three

894
00:43:56,653 --> 00:44:00,693
Speaker 5: thousand ninety one you know, people saying that to me.

895
00:44:01,053 --> 00:44:04,893
Speaker 5: You know, I had five thousand dollars and I've bought

896
00:44:04,893 --> 00:44:06,853
Speaker 5: a house for one hundreds and ten thousand dollars.

897
00:44:06,893 --> 00:44:09,053
Speaker 7: At the time, I was scared as hell.

898
00:44:09,493 --> 00:44:10,013
Speaker 10: But I'm talking.

899
00:44:10,413 --> 00:44:13,373
Speaker 5: And my advice to those is do whatever you've got

900
00:44:13,373 --> 00:44:17,773
Speaker 5: to do, either scratch, implore someone's eyes out, and get

901
00:44:17,813 --> 00:44:20,613
Speaker 5: yourself into a house, no matter what it is, get

902
00:44:20,653 --> 00:44:21,373
Speaker 5: yourself in there.

903
00:44:21,853 --> 00:44:22,013
Speaker 10: And that.

904
00:44:22,173 --> 00:44:23,973
Speaker 2: Yeah, and that's a very fair point, Bill, that if

905
00:44:24,013 --> 00:44:26,493
Speaker 2: you're in that position, and even if you've over leveraged,

906
00:44:26,973 --> 00:44:30,133
Speaker 2: you do whatever you can to try and keep that

907
00:44:30,253 --> 00:44:33,293
Speaker 2: property right because you've got no other choice. So that

908
00:44:33,493 --> 00:44:36,133
Speaker 2: can I mean, there's no need for discipline at that point.

909
00:44:36,253 --> 00:44:37,973
Speaker 2: You do it because there's no other option.

910
00:44:39,373 --> 00:44:41,093
Speaker 10: Yeah, that's right. And make sure you can.

911
00:44:41,373 --> 00:44:45,172
Speaker 5: You can swing a hammer or screw a window action

912
00:44:45,573 --> 00:44:47,813
Speaker 5: and you've got a lot of made to a tradees

913
00:44:47,813 --> 00:44:49,773
Speaker 5: and you'll make some money and not on teen, you'll

914
00:44:49,773 --> 00:44:50,893
Speaker 5: make it in three or four years.

915
00:44:50,893 --> 00:44:51,493
Speaker 20: To be smart.

916
00:44:51,773 --> 00:44:54,293
Speaker 2: Yeah, Bill, thank you very much for giving me a call.

917
00:44:54,333 --> 00:44:57,253
Speaker 2: Interesting points are you with Bill that this has been

918
00:44:57,293 --> 00:45:00,053
Speaker 2: spoken about at length for the last twenty thirty years.

919
00:45:00,413 --> 00:45:03,573
Speaker 2: That is, you can get just as much wealth investing

920
00:45:03,613 --> 00:45:06,173
Speaker 2: and renting then you can buy in a property. Or

921
00:45:06,293 --> 00:45:09,373
Speaker 2: if you've got children who are looking at buying their

922
00:45:09,373 --> 00:45:11,853
Speaker 2: first time, are they seriously or perhaps you're looking at

923
00:45:11,853 --> 00:45:14,853
Speaker 2: the calculations as well and thinking maybe for the time being,

924
00:45:15,133 --> 00:45:18,133
Speaker 2: renting and putting all your extra money into the stock

925
00:45:18,173 --> 00:45:20,813
Speaker 2: market might be a better play. I think there's still

926
00:45:20,853 --> 00:45:24,973
Speaker 2: some worry about the share market. It has changed a lot,

927
00:45:25,053 --> 00:45:27,853
Speaker 2: but many people listening would have gone through some serious

928
00:45:27,893 --> 00:45:31,652
Speaker 2: stock market shocks, and there's another one happening right now.

929
00:45:31,813 --> 00:45:34,533
Speaker 2: Arguably there was one that happened about six years ago,

930
00:45:35,253 --> 00:45:37,213
Speaker 2: and in two thousand and eight before then, and you

931
00:45:37,213 --> 00:45:38,973
Speaker 2: can keep going back and back and back and back.

932
00:45:39,293 --> 00:45:42,533
Speaker 2: So I think that does put people some people off

933
00:45:43,533 --> 00:45:46,493
Speaker 2: trusting the share market again. But when you look at

934
00:45:46,533 --> 00:45:50,573
Speaker 2: the long term returns in the up and downs and

935
00:45:50,013 --> 00:45:53,652
Speaker 2: sitting in it for forty to fifty years, I think

936
00:45:53,653 --> 00:45:57,453
Speaker 2: it's been proven that the rate of return is fairly steady,

937
00:45:57,533 --> 00:45:59,413
Speaker 2: and some would argue better than property, But what do

938
00:45:59,493 --> 00:46:01,333
Speaker 2: you say, Oh, eight hundred and eighty ten eighty is

939
00:46:01,373 --> 00:46:04,933
Speaker 2: the number to call it is thirteen past two, Beavery, surely.

940
00:46:06,853 --> 00:46:11,213
Speaker 1: Your home of afternoon or mad Heathen Taylor Adams afternoons?

941
00:46:11,253 --> 00:46:14,053
Speaker 1: Call Oh, eight hundred eighty ten eighty used talk.

942
00:46:13,893 --> 00:46:16,933
Speaker 2: Said, be it is a quarter past two, and we're

943
00:46:16,933 --> 00:46:20,253
Speaker 2: talking about renting versus owning. An investor here in New Zealand.

944
00:46:20,293 --> 00:46:23,773
Speaker 2: He thinks the calculation shifted and it makes more financial

945
00:46:23,893 --> 00:46:26,773
Speaker 2: sense to rent and invest rather than buy a property.

946
00:46:26,773 --> 00:46:29,333
Speaker 2: Do you agree, Oh, eight hundred and eighty ten eighty

947
00:46:29,533 --> 00:46:31,813
Speaker 2: is that number to call? Nine two ninety two is

948
00:46:31,893 --> 00:46:32,813
Speaker 2: the text number?

949
00:46:33,053 --> 00:46:33,133
Speaker 21: Is?

950
00:46:33,333 --> 00:46:36,533
Speaker 2: Well? And the core of before bill he mentioned using

951
00:46:36,573 --> 00:46:39,652
Speaker 2: a buyer's agent. So if you've used a buyer his agent,

952
00:46:39,693 --> 00:46:41,493
Speaker 2: how does that actually work? We never did in the

953
00:46:41,573 --> 00:46:43,493
Speaker 2: end when we were looking at our property and going

954
00:46:43,533 --> 00:46:46,293
Speaker 2: to oh god, millions of different open homes. That was

955
00:46:46,333 --> 00:46:49,573
Speaker 2: punishing enough. But we saw a few people who had

956
00:46:49,613 --> 00:46:52,413
Speaker 2: buyers agents. Never thought about it ourselves. So what's the

957
00:46:52,453 --> 00:46:55,093
Speaker 2: actual advantage of using a buyers agent if you're in

958
00:46:55,133 --> 00:47:01,093
Speaker 2: the market right now? Jack Kida, mate, we are, yeah, good, goods.

959
00:47:01,933 --> 00:47:05,053
Speaker 2: Now you want to have a chat about renting versus property.

960
00:47:05,053 --> 00:47:05,933
Speaker 2: What's your thoughts on it?

961
00:47:07,133 --> 00:47:10,173
Speaker 10: Well, when we first brought our house, so I was

962
00:47:10,173 --> 00:47:13,493
Speaker 10: actually cheap with the pay of mortgages and pay rents, yeah,

963
00:47:14,413 --> 00:47:16,693
Speaker 10: a few years ago, but it makes more sense to

964
00:47:16,853 --> 00:47:22,773
Speaker 10: own the house then take somebody else's August then, also,

965
00:47:22,813 --> 00:47:27,573
Speaker 10: I think people producing financial security with financial success. You

966
00:47:27,693 --> 00:47:30,693
Speaker 10: need to be financially security before you get start gambling

967
00:47:30,773 --> 00:47:37,933
Speaker 10: a little bit of money. And so everybody's owned. That's

968
00:47:37,973 --> 00:47:38,773
Speaker 10: why I take care.

969
00:47:39,253 --> 00:47:41,693
Speaker 2: And that's a fair point. So the difference between financial

970
00:47:41,733 --> 00:47:45,733
Speaker 2: security and financial success. You're arguing the financial security is

971
00:47:45,733 --> 00:47:50,533
Speaker 2: owning your own property brick and mortar, and financial success

972
00:47:50,693 --> 00:47:52,253
Speaker 2: you know, that is something you can do when you

973
00:47:52,333 --> 00:47:56,853
Speaker 2: when you've got that security. I suppose this this particular investor,

974
00:47:56,893 --> 00:47:59,213
Speaker 2: he's arguing that the stock market is not quite as

975
00:47:59,293 --> 00:48:02,853
Speaker 2: volatile as as some people believe it is. Certainly is

976
00:48:03,093 --> 00:48:07,253
Speaker 2: in periods of history, and arguably it's starting to happen now.

977
00:48:07,293 --> 00:48:09,293
Speaker 2: But if you look at the long run of it,

978
00:48:09,693 --> 00:48:13,133
Speaker 2: so the average increase on a property in New Zealand

979
00:48:13,173 --> 00:48:17,133
Speaker 2: over fifty years versus being in an ETF in the

980
00:48:17,173 --> 00:48:19,973
Speaker 2: stock market over the same time, he's arguing, you can

981
00:48:19,973 --> 00:48:22,212
Speaker 2: actually do better in the stock market than you can

982
00:48:22,293 --> 00:48:25,573
Speaker 2: on a property.

983
00:48:25,613 --> 00:48:27,813
Speaker 10: You can, but how many stock market cross you have

984
00:48:28,053 --> 00:48:32,733
Speaker 10: there be where's housing values might have stagnated, but they

985
00:48:32,733 --> 00:48:36,493
Speaker 10: have never lost your firsty hors sixty percent of the value. Yeah,

986
00:48:37,013 --> 00:48:39,533
Speaker 10: that's where we're a stock market, anim I have some

987
00:48:39,613 --> 00:48:45,573
Speaker 10: money at stock that it's more I play thing really

988
00:48:45,813 --> 00:48:47,893
Speaker 10: and I make money. I don't lose money, but I

989
00:48:47,893 --> 00:48:48,813
Speaker 10: don't have fousands.

990
00:48:50,853 --> 00:48:53,413
Speaker 2: Yeah, and you know the tricky part is with the

991
00:48:53,413 --> 00:48:56,133
Speaker 2: share markets. You can have a steady rate of return

992
00:48:56,173 --> 00:48:58,613
Speaker 2: for those fifty years Jack, as you know, and then

993
00:48:58,693 --> 00:49:01,373
Speaker 2: it might get close to retirement time and there's a

994
00:49:01,733 --> 00:49:05,133
Speaker 2: global shock and that nesty egg takes a massive pummeling.

995
00:49:05,213 --> 00:49:06,853
Speaker 2: So that is a risk. But what do you say, Oh,

996
00:49:06,893 --> 00:49:09,293
Speaker 2: one hundred and eighty ten eighty is that number to

997
00:49:09,493 --> 00:49:12,293
Speaker 2: call Stephen? What's your thoughts?

998
00:49:12,413 --> 00:49:15,613
Speaker 22: Yes, No, I agree that you had a guy on

999
00:49:15,693 --> 00:49:18,733
Speaker 22: there before that he should do even possible to have

1000
00:49:18,813 --> 00:49:21,933
Speaker 22: your own house. Have you own it yourself? Because in

1001
00:49:22,053 --> 00:49:26,053
Speaker 22: ten years of paying rent you have nothing. It's gone.

1002
00:49:26,773 --> 00:49:30,053
Speaker 22: You never never see that money again. When I booked,

1003
00:49:30,093 --> 00:49:32,773
Speaker 22: when we did our house, I had to give up

1004
00:49:32,773 --> 00:49:34,853
Speaker 22: my trade and go and work in the freezing works

1005
00:49:34,893 --> 00:49:37,173
Speaker 22: at sixteen hours a day to try and get I

1006
00:49:37,173 --> 00:49:41,773
Speaker 22: couldn't get a mortgage. But now there's mortgages. They ask

1007
00:49:41,813 --> 00:49:46,053
Speaker 22: you how many barrel fools you want? But you must

1008
00:49:46,093 --> 00:49:49,813
Speaker 22: own your own house paying rent is no, it's not

1009
00:49:49,853 --> 00:49:50,813
Speaker 22: on not worth.

1010
00:49:50,613 --> 00:49:54,773
Speaker 2: It as it needs must situation Stephen As I agree

1011
00:49:54,813 --> 00:49:56,573
Speaker 2: with you and a lot of people say you've got

1012
00:49:56,613 --> 00:49:58,133
Speaker 2: to get into the property market if you want to

1013
00:49:58,133 --> 00:50:01,013
Speaker 2: get here to at least have a tangible secure as

1014
00:50:01,013 --> 00:50:03,613
Speaker 2: set later in life. But when I say needs must,

1015
00:50:03,773 --> 00:50:06,013
Speaker 2: I do look at people trying to young people trying

1016
00:50:06,013 --> 00:50:08,133
Speaker 2: to get into the property market now, and house prices

1017
00:50:08,773 --> 00:50:11,733
Speaker 2: fairly high in most places. The average house price is

1018
00:50:11,773 --> 00:50:13,692
Speaker 2: nine hundred and sixty thousand dollars down. And you look

1019
00:50:13,693 --> 00:50:16,133
Speaker 2: at what they're probably earning per year and the mortgage

1020
00:50:16,173 --> 00:50:18,733
Speaker 2: they have to take on, and whether it's a sound

1021
00:50:18,933 --> 00:50:21,733
Speaker 2: financial strategy or more sound at least it gives them

1022
00:50:21,733 --> 00:50:24,493
Speaker 2: a little bit of hope maybe that if they try

1023
00:50:24,533 --> 00:50:28,133
Speaker 2: that and they have some discipline investing and they get

1024
00:50:28,613 --> 00:50:32,333
Speaker 2: a bigger deposit, then that will set them up down

1025
00:50:32,373 --> 00:50:34,133
Speaker 2: the track to get into the property market.

1026
00:50:35,133 --> 00:50:35,973
Speaker 8: Nah.

1027
00:50:36,013 --> 00:50:38,133
Speaker 22: I turn, a lot of the young ones today are

1028
00:50:38,173 --> 00:50:40,133
Speaker 22: going about it the wrong way. They want the top

1029
00:50:40,173 --> 00:50:43,013
Speaker 22: of the line. You can't stop start at the top.

1030
00:50:43,213 --> 00:50:45,133
Speaker 22: You got to start at the bottom. I mean a

1031
00:50:45,213 --> 00:50:48,173
Speaker 22: house just down from me when it's gone as a rental,

1032
00:50:49,013 --> 00:50:51,453
Speaker 22: it would have been a perfect first home buyer's house.

1033
00:50:51,893 --> 00:50:54,333
Speaker 22: It went cheap, it didn't need work. It need quite

1034
00:50:54,333 --> 00:50:56,653
Speaker 22: a bit of work. If you can swing a hammer,

1035
00:50:57,453 --> 00:50:59,973
Speaker 22: that's where you start at the bottom, not the top.

1036
00:51:00,733 --> 00:51:03,212
Speaker 22: You start sweeping the floors and making the cup of tea.

1037
00:51:03,253 --> 00:51:04,732
Speaker 22: You don't start in the boss's chair.

1038
00:51:05,453 --> 00:51:08,333
Speaker 2: Yeah, and I agree that sweat equity and having those

1039
00:51:08,413 --> 00:51:11,893
Speaker 2: skills is something that they studying to fall by the

1040
00:51:11,893 --> 00:51:14,732
Speaker 2: wayside for a lot of people buying homes, no doubt

1041
00:51:14,733 --> 00:51:15,133
Speaker 2: about it.

1042
00:51:15,213 --> 00:51:17,613
Speaker 22: Oh, I think a lot of them are too lazy.

1043
00:51:18,013 --> 00:51:20,212
Speaker 2: But do you also think it's a fair argument. Our

1044
00:51:20,253 --> 00:51:24,212
Speaker 2: reliance on homes in New Zealand has been very good

1045
00:51:24,213 --> 00:51:25,973
Speaker 2: for a lot of people that have gotneto the property

1046
00:51:25,973 --> 00:51:29,413
Speaker 2: market and have that ass yet, but we're very reliant

1047
00:51:29,453 --> 00:51:31,772
Speaker 2: as a country on what happens to the property market.

1048
00:51:31,893 --> 00:51:35,493
Speaker 2: So then when you have big international shocks, the only

1049
00:51:35,573 --> 00:51:38,573
Speaker 2: real way to start to tackle that is interest rates

1050
00:51:38,613 --> 00:51:42,373
Speaker 2: on mortgages. Whereas if we're a bit more diverse and

1051
00:51:42,373 --> 00:51:44,533
Speaker 2: you had more people invested in the shear market, perhaps

1052
00:51:44,613 --> 00:51:48,133
Speaker 2: the new generation coming through that means we're a little

1053
00:51:48,133 --> 00:51:52,493
Speaker 2: bit more prepped to handle these big shocks because most

1054
00:51:52,533 --> 00:51:54,413
Speaker 2: of our money is not in one single as yet.

1055
00:51:55,613 --> 00:51:58,493
Speaker 22: Yeah, yes, in the way, but big shock. I mean

1056
00:51:58,533 --> 00:52:01,133
Speaker 22: I was paying twenty four percent interest, So these guys

1057
00:52:01,133 --> 00:52:04,893
Speaker 22: today don't know anything. Five percent, there's nothing. We got

1058
00:52:04,933 --> 00:52:08,613
Speaker 22: up to twenty four percent for more and on all

1059
00:52:08,693 --> 00:52:11,493
Speaker 22: mortgage for machinery, which is what I was into twenty

1060
00:52:11,533 --> 00:52:16,493
Speaker 22: eight percent. So no, you're really good. And let me

1061
00:52:16,533 --> 00:52:18,533
Speaker 22: tell you how good it is to feel when you

1062
00:52:18,613 --> 00:52:21,053
Speaker 22: pay the last payment? Man, is that good?

1063
00:52:21,333 --> 00:52:23,933
Speaker 2: I bet it is. Yeah. I mean to get there, Stephen,

1064
00:52:24,013 --> 00:52:26,373
Speaker 2: but maybe in another ten to fifteen years I'll be there.

1065
00:52:26,413 --> 00:52:28,053
Speaker 2: But thank you very much for giving me a call.

1066
00:52:28,253 --> 00:52:30,373
Speaker 2: So what do you say? Are you with Steven? Our

1067
00:52:30,413 --> 00:52:32,693
Speaker 2: home ownership all the way? You've just got to do

1068
00:52:32,733 --> 00:52:34,813
Speaker 2: whatever you can to get on the property ladder or

1069
00:52:34,853 --> 00:52:37,253
Speaker 2: if you are renting and you're investing, and you can

1070
00:52:37,293 --> 00:52:40,533
Speaker 2: see that the calculations are starting to work out. Really

1071
00:52:40,613 --> 00:52:42,732
Speaker 2: keen to hear you your story. Oh eight hundred eighty

1072
00:52:42,733 --> 00:52:44,973
Speaker 2: ten eighty is that number back? Very shortly? It's twenty

1073
00:52:45,013 --> 00:52:45,973
Speaker 2: two past two.

1074
00:52:50,573 --> 00:52:53,933
Speaker 1: Matt Heath and Tyler Adams afternoons call oh eight hundred

1075
00:52:53,973 --> 00:52:56,173
Speaker 1: eighty ten eighty on Youth Talk ZB.

1076
00:52:56,333 --> 00:52:59,652
Speaker 2: For a good afternoon. It is twenty four past two, Rich,

1077
00:52:59,733 --> 00:53:01,733
Speaker 2: what do you reckon property versus the share market?

1078
00:53:03,013 --> 00:53:06,693
Speaker 6: I just want to make the point that with shares

1079
00:53:06,733 --> 00:53:10,293
Speaker 6: you put on one hundred thousand so and over ten

1080
00:53:10,413 --> 00:53:14,133
Speaker 6: years you might so you get a two hundred and

1081
00:53:14,173 --> 00:53:18,093
Speaker 6: fifty percent return. That's great, isn't it. You know, so

1082
00:53:18,133 --> 00:53:21,613
Speaker 6: it's worth two hundred and fifty grand. But when you

1083
00:53:21,613 --> 00:53:24,252
Speaker 6: buy a property, you leverage the money because you're using

1084
00:53:24,293 --> 00:53:27,493
Speaker 6: the bank's money. So you've put one hundred a grand

1085
00:53:27,573 --> 00:53:31,093
Speaker 6: and buy a six hundred thousand dollars property and then

1086
00:53:31,213 --> 00:53:34,333
Speaker 6: in ten years that's worth one point two million traditionally

1087
00:53:34,373 --> 00:53:37,253
Speaker 6: in New Zealand or something like that. Well, what's the

1088
00:53:37,333 --> 00:53:39,573
Speaker 6: return on that one hundred grand? And you've made a

1089
00:53:39,813 --> 00:53:42,413
Speaker 6: six hundred grand? That's a six times return. That's because

1090
00:53:42,453 --> 00:53:45,933
Speaker 6: you've leveraged your money. You've used the bank's money to

1091
00:53:45,973 --> 00:53:48,293
Speaker 6: actually buy the house, not your own. You've just made

1092
00:53:48,293 --> 00:53:51,652
Speaker 6: a small deposit, whereas that doesn't happen with shares. So

1093
00:53:52,293 --> 00:53:53,933
Speaker 6: I don't know, you're sort of I've come in on

1094
00:53:53,973 --> 00:53:56,333
Speaker 6: the conversation, but you're talking about someone who's sort of

1095
00:53:56,853 --> 00:53:59,413
Speaker 6: reckoned shares are better. But I wonder if he's taken

1096
00:53:59,413 --> 00:54:00,533
Speaker 6: that into consideration.

1097
00:54:01,413 --> 00:54:03,652
Speaker 2: I don't think he has. And you're quite right, rich,

1098
00:54:03,733 --> 00:54:07,173
Speaker 2: that's something that is not forgotten about, but it's a

1099
00:54:07,173 --> 00:54:09,813
Speaker 2: big part of the equation and is leverage is one

1100
00:54:09,813 --> 00:54:11,973
Speaker 2: of the key parts of building wealth. Right that if

1101
00:54:12,013 --> 00:54:15,292
Speaker 2: you can leverage the deposit you've got to get into

1102
00:54:15,333 --> 00:54:20,373
Speaker 2: a home and in ten x your money hopefully, then

1103
00:54:20,413 --> 00:54:22,893
Speaker 2: that's going to be far more effective than whatever you've

1104
00:54:22,893 --> 00:54:26,173
Speaker 2: got it as a deposit putting into into the share market,

1105
00:54:26,253 --> 00:54:29,413
Speaker 2: because no bank is going to, you know, let you

1106
00:54:29,493 --> 00:54:31,413
Speaker 2: borrow against what you've got. You know, if you've got

1107
00:54:31,413 --> 00:54:33,093
Speaker 2: one hundred thousand dollars that you want to put into

1108
00:54:33,133 --> 00:54:35,093
Speaker 2: ETFs and you go to the bank and say, hey,

1109
00:54:35,093 --> 00:54:37,413
Speaker 2: can you please give me another five hundred thousands, they're

1110
00:54:37,413 --> 00:54:39,333
Speaker 2: just going to laugh because that's not the way banks

1111
00:54:39,333 --> 00:54:43,133
Speaker 2: do things. And you know, because they because the bank

1112
00:54:43,333 --> 00:54:45,813
Speaker 2: needs a tangible asset of things go wrong, like a

1113
00:54:45,853 --> 00:54:48,373
Speaker 2: house that if anything goes wrong you can't pay the mortgage,

1114
00:54:48,413 --> 00:54:51,213
Speaker 2: they'll take the house that is of value to the banks.

1115
00:54:51,253 --> 00:54:54,172
Speaker 2: Whereas the share market takes a dive, there's nothing left

1116
00:54:54,173 --> 00:54:54,493
Speaker 2: to take.

1117
00:54:55,453 --> 00:54:58,613
Speaker 6: Yeah, and of course if you've bought the house, you

1118
00:54:58,613 --> 00:55:00,733
Speaker 6: can rent it out and that pays the interest on

1119
00:55:00,773 --> 00:55:02,853
Speaker 6: the loan, where you can't do that with the share.

1120
00:55:02,893 --> 00:55:05,252
Speaker 6: You can't loan ow the share, rent out the share

1121
00:55:05,293 --> 00:55:06,773
Speaker 6: and get a return on it. You know, you might

1122
00:55:06,813 --> 00:55:10,573
Speaker 6: get a small dividend, but that's that's that's how people

1123
00:55:10,613 --> 00:55:12,613
Speaker 6: make it work, you know, unless you're living at it.

1124
00:55:12,653 --> 00:55:15,733
Speaker 6: But then it's providing you a home, you know, so

1125
00:55:15,973 --> 00:55:19,172
Speaker 6: which again she is don't do yeah.

1126
00:55:18,853 --> 00:55:21,133
Speaker 2: And that would be more you know. That's my argument, rich,

1127
00:55:21,293 --> 00:55:25,133
Speaker 2: is that even if the calculations work out that you

1128
00:55:25,293 --> 00:55:27,213
Speaker 2: may be better in the long run within the sheer

1129
00:55:27,213 --> 00:55:30,253
Speaker 2: market rather than property. I still think having your home own,

1130
00:55:30,893 --> 00:55:34,493
Speaker 2: your own home brings it, you know, that opportunity cost

1131
00:55:34,573 --> 00:55:36,453
Speaker 2: of having your own we slice of paradise. You're not

1132
00:55:36,493 --> 00:55:38,853
Speaker 2: going to be harassed by some landlord who wants to

1133
00:55:38,853 --> 00:55:40,933
Speaker 2: come in every three months to check out the property.

1134
00:55:40,973 --> 00:55:43,373
Speaker 2: You can do whatever you want to do that property,

1135
00:55:43,573 --> 00:55:46,453
Speaker 2: and it's yours, you know, even if there is a

1136
00:55:46,493 --> 00:55:49,173
Speaker 2: small price to pay with this guy's calculations. To me,

1137
00:55:50,253 --> 00:55:52,133
Speaker 2: I'm very much happy to pay that to have my

1138
00:55:52,173 --> 00:55:56,813
Speaker 2: own home. Yes, right, yeah, good on your rich, No,

1139
00:55:56,933 --> 00:55:59,933
Speaker 2: thank you very much for your phone call, Chris, would

1140
00:55:59,973 --> 00:56:00,573
Speaker 2: you agree with that?

1141
00:56:02,093 --> 00:56:05,493
Speaker 23: Absolutely? So for me, my wife and I were paid

1142
00:56:05,493 --> 00:56:09,013
Speaker 23: off our mortgage and we went really hardly missed out

1143
00:56:09,013 --> 00:56:12,533
Speaker 23: on so much with our friends over the years who

1144
00:56:12,613 --> 00:56:16,093
Speaker 23: wanted you to concerts and carrying on nights at the

1145
00:56:16,093 --> 00:56:17,933
Speaker 23: part and all the rest week. We were like, nah,

1146
00:56:18,373 --> 00:56:19,733
Speaker 23: like here's our budget.

1147
00:56:19,893 --> 00:56:20,493
Speaker 10: We stuck to it.

1148
00:56:20,533 --> 00:56:25,773
Speaker 23: So we're mortgage free. That's still paying rent. And the

1149
00:56:25,853 --> 00:56:28,172
Speaker 23: problem is is the property value goes up and it's

1150
00:56:28,253 --> 00:56:31,853
Speaker 23: harder and harder for someone to get their foot in.

1151
00:56:31,893 --> 00:56:34,173
Speaker 23: My opinion would be if you know, if you trusted

1152
00:56:34,213 --> 00:56:39,692
Speaker 23: your children, then you could use your your own home

1153
00:56:39,813 --> 00:56:42,893
Speaker 23: as a parent to use that as collateral for them

1154
00:56:42,933 --> 00:56:46,093
Speaker 23: to get a foot up into the market because properly

1155
00:56:46,133 --> 00:56:52,853
Speaker 23: housing prices transhacement, they're never going to go down. So yeah,

1156
00:56:52,973 --> 00:56:57,133
Speaker 23: it's it's a generation now where if you're not in

1157
00:56:57,213 --> 00:56:59,453
Speaker 23: the market, you might need a bit of a help.

1158
00:56:59,813 --> 00:57:02,933
Speaker 23: And like, there's parents out there that could help their kids,

1159
00:57:03,133 --> 00:57:07,373
Speaker 23: and I'd like to see more parents, you know, giving

1160
00:57:07,773 --> 00:57:11,933
Speaker 23: a little bit in that way, helping manage them through

1161
00:57:12,693 --> 00:57:17,253
Speaker 23: their own journey. Because when you get into the property market,

1162
00:57:17,333 --> 00:57:20,413
Speaker 23: once you've paid it off, you're not paying bills when

1163
00:57:20,453 --> 00:57:24,733
Speaker 23: you're in your late fifties and sixties. You're saving for

1164
00:57:24,893 --> 00:57:28,053
Speaker 23: your retirements, whereas people who are renting, they are going

1165
00:57:28,133 --> 00:57:31,333
Speaker 23: to be paying someone else's mortgage until the day they die.

1166
00:57:32,173 --> 00:57:35,213
Speaker 23: It's a terrible situation where if you're paying rent when

1167
00:57:35,253 --> 00:57:37,493
Speaker 23: you retire, you will be broke.

1168
00:57:39,213 --> 00:57:43,053
Speaker 2: Do you think though, the argument about future capital gains

1169
00:57:43,893 --> 00:57:47,653
Speaker 2: has some merit to a chris in that where is

1170
00:57:47,693 --> 00:57:50,893
Speaker 2: the cap for entry level homes? I mean, how high

1171
00:57:51,213 --> 00:57:53,973
Speaker 2: does it need to go before it literally locks out

1172
00:57:54,373 --> 00:57:56,413
Speaker 2: first time buyers in New Zealand. You know, if you're

1173
00:57:56,413 --> 00:57:59,813
Speaker 2: looking at a capital gain of doubling in the next

1174
00:58:00,013 --> 00:58:02,333
Speaker 2: ten to twenty years, so that then brings the average

1175
00:58:02,333 --> 00:58:04,773
Speaker 2: house price up to one point six million, and if

1176
00:58:04,813 --> 00:58:06,693
Speaker 2: wages were going up to the same level, there'd be

1177
00:58:06,733 --> 00:58:11,973
Speaker 2: no problem there. There must be a cap that too

1178
00:58:12,053 --> 00:58:14,173
Speaker 2: many people are locked out, so then you're not going

1179
00:58:14,253 --> 00:58:16,373
Speaker 2: to get much of a capital gain anymore. If you

1180
00:58:16,413 --> 00:58:19,213
Speaker 2: see what I'm saying that the market will self regulate that,

1181
00:58:19,373 --> 00:58:21,613
Speaker 2: and it can only self regulate to a certain point.

1182
00:58:22,053 --> 00:58:24,533
Speaker 2: So if you are looking at that capital gains, I

1183
00:58:25,253 --> 00:58:26,973
Speaker 2: worry that it's not going to be to the same

1184
00:58:27,053 --> 00:58:29,853
Speaker 2: level it was for the last forty years.

1185
00:58:29,613 --> 00:58:34,333
Speaker 23: I had the unfortunate circumstances. We sold a property in

1186
00:58:34,453 --> 00:58:38,373
Speaker 23: Victoria we bought, you know, eight nine years ago, and

1187
00:58:38,533 --> 00:58:41,813
Speaker 23: we've had to pay a capital gains tax on that

1188
00:58:42,653 --> 00:58:49,053
Speaker 23: and so profit from that property virtually made it like,

1189
00:58:49,173 --> 00:58:53,533
Speaker 23: here's a tax pill for no reason. And so I

1190
00:58:53,573 --> 00:58:56,733
Speaker 23: think a capital gains tax is basically just the government

1191
00:58:56,773 --> 00:59:00,333
Speaker 23: reaching out and making money off people who are trying

1192
00:59:00,373 --> 00:59:02,973
Speaker 23: to get ahead, and it's not going to rule anyone,

1193
00:59:03,013 --> 00:59:06,813
Speaker 23: and it does it inflates the market. So a capital

1194
00:59:06,893 --> 00:59:10,253
Speaker 23: gains tax is the stupidest thing you could do in

1195
00:59:10,333 --> 00:59:13,613
Speaker 23: New Zealand. If you don't have it now, don't ever

1196
00:59:13,653 --> 00:59:16,373
Speaker 23: bring it in. And it's just a cash grap for

1197
00:59:16,613 --> 00:59:22,253
Speaker 23: one political party because they support some people. But I

1198
00:59:22,333 --> 00:59:25,453
Speaker 23: want to encourage people to do well and I want people.

1199
00:59:25,213 --> 00:59:25,813
Speaker 20: To do well.

1200
00:59:25,853 --> 00:59:28,373
Speaker 23: And the probably market in New Zealand is very very

1201
00:59:28,853 --> 00:59:32,453
Speaker 23: Yeah it's up and down, but that's where your growth is.

1202
00:59:33,253 --> 00:59:41,013
Speaker 23: And to to tax that hard, well, it's a very

1203
00:59:41,053 --> 00:59:44,733
Speaker 23: short sighted mechanism and it's just going to hurt the

1204
00:59:44,773 --> 00:59:47,853
Speaker 23: people trying to get ahead, and it's not going to

1205
00:59:47,893 --> 00:59:49,933
Speaker 23: reward the ones that aren't trying to get ahead because

1206
00:59:49,973 --> 00:59:53,693
Speaker 23: they're just living for free off the doll or they're

1207
00:59:53,733 --> 00:59:55,693
Speaker 23: having to pay rent away because they can't afford it.

1208
00:59:55,733 --> 00:59:59,293
Speaker 23: So no one's being rewarded by a capital gains tax

1209
00:59:59,373 --> 01:00:03,693
Speaker 23: apart from a particular party in government. And the only

1210
01:00:03,733 --> 01:00:06,493
Speaker 23: blue at folks that are the ones who can't do

1211
01:00:06,613 --> 01:00:10,733
Speaker 23: it anyway. So to be honest, it would be putrid

1212
01:00:11,093 --> 01:00:14,093
Speaker 23: for our economy to accept the capital gains tax.

1213
01:00:14,333 --> 01:00:16,573
Speaker 2: Oh absolutely, I think there'll be a lot of people

1214
01:00:16,613 --> 01:00:18,893
Speaker 2: to that would agree with that. Chris, thank you very

1215
01:00:19,013 --> 01:00:22,013
Speaker 2: much for your thoughts. And just quickly, I've been looking

1216
01:00:22,093 --> 01:00:25,413
Speaker 2: for a graph which would indicate the returns on the

1217
01:00:25,453 --> 01:00:29,613
Speaker 2: share market versus the returns on the housing market. And

1218
01:00:29,773 --> 01:00:32,613
Speaker 2: Mary Home she's a well known financial writer in the

1219
01:00:32,653 --> 01:00:35,253
Speaker 2: New Zealand Herald, and she has run the numbers on this.

1220
01:00:35,933 --> 01:00:41,493
Speaker 2: So she says, the graph she's alluding to is from

1221
01:00:41,573 --> 01:00:44,013
Speaker 2: Stats New Zealand. So the graph shows total returns on

1222
01:00:44,053 --> 01:00:46,373
Speaker 2: New Zealand shares since the end of nineteen seventy nine,

1223
01:00:46,813 --> 01:00:49,973
Speaker 2: twice as big as house price increases. She said, shares

1224
01:00:50,253 --> 01:00:52,733
Speaker 2: look like a better bet to her in the long run.

1225
01:00:53,293 --> 01:00:55,293
Speaker 2: She then went on to say, Okay, you might say,

1226
01:00:55,493 --> 01:00:57,573
Speaker 2: but the graph also shows that she is a much

1227
01:00:57,613 --> 01:01:00,733
Speaker 2: more volunti volatile adding to risk, and she said that's true.

1228
01:01:00,773 --> 01:01:02,853
Speaker 2: Most landlords take on a different sort of risk by

1229
01:01:02,853 --> 01:01:06,533
Speaker 2: borrowing to invest, something that few share investors do. So

1230
01:01:06,573 --> 01:01:08,933
Speaker 2: that's just going by the graph, but clearly there are

1231
01:01:08,933 --> 01:01:12,053
Speaker 2: other elements there. But thank you to everybody who called

1232
01:01:12,093 --> 01:01:13,853
Speaker 2: and text on that. I think it was pretty clear

1233
01:01:14,373 --> 01:01:17,253
Speaker 2: ninety nine percent of people calling through and texting through.

1234
01:01:17,773 --> 01:01:21,373
Speaker 2: Home ownership is the way if you can get into

1235
01:01:21,413 --> 01:01:24,693
Speaker 2: a property, do whatever you can, whereas renting it seems

1236
01:01:24,733 --> 01:01:27,053
Speaker 2: like too many people are still dead money. So thank

1237
01:01:27,093 --> 01:01:29,733
Speaker 2: you very much for your calls and your texts. Coming

1238
01:01:29,813 --> 01:01:33,173
Speaker 2: up after two thirty an article in The Herald about

1239
01:01:33,173 --> 01:01:36,773
Speaker 2: the cost of pet ownership, many arguing it's now something

1240
01:01:36,933 --> 01:01:40,253
Speaker 2: only the wealthy can do. Eg have pets. So we're

1241
01:01:40,253 --> 01:01:42,373
Speaker 2: going to get into that next. Taking your calls, Oh,

1242
01:01:42,373 --> 01:01:44,573
Speaker 2: eight hundred and eighty ten eighty, it's twenty seven to three.

1243
01:01:45,693 --> 01:01:49,293
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1244
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1245
01:01:53,493 --> 01:01:57,653
Speaker 15: fuel supply had slightly dipped as of last Wednesday, with

1246
01:01:57,813 --> 01:02:01,213
Speaker 15: forty nine point five days worth of petrol, forty five

1247
01:02:01,293 --> 01:02:04,333
Speaker 15: point five days of diesel and forty four point seven

1248
01:02:04,373 --> 01:02:08,533
Speaker 15: of jet fuel. Iran's continuing to strangle global oil movement

1249
01:02:08,613 --> 01:02:11,373
Speaker 15: by blocking the Strait of Hormuz in response to the

1250
01:02:11,453 --> 01:02:15,533
Speaker 15: US and Israel's continued destructive bombardment. It says it will

1251
01:02:15,573 --> 01:02:18,573
Speaker 15: fully close the strait if Donald Trump carries out a

1252
01:02:18,613 --> 01:02:23,813
Speaker 15: threat to destroy Iran's power infrastructure. Nationals slip further in

1253
01:02:23,893 --> 01:02:27,133
Speaker 15: a new poll to thirty point eight percent that puts

1254
01:02:27,213 --> 01:02:31,093
Speaker 15: Labour on thirty five point six. The RNZ Red Research

1255
01:02:31,133 --> 01:02:33,933
Speaker 15: poll finds neither the left or right could form a government.

1256
01:02:34,933 --> 01:02:37,973
Speaker 15: The Foreign Minister is characterizing our tense relations with the

1257
01:02:38,013 --> 01:02:42,253
Speaker 15: Cook Islands as a spat between cousins. Prime Minister Mark

1258
01:02:42,293 --> 01:02:44,933
Speaker 15: Brown visited Winston Peter's home during a trip to New

1259
01:02:45,013 --> 01:02:48,533
Speaker 15: Zealand last week for an informal discussion on a relationship

1260
01:02:48,613 --> 01:02:49,973
Speaker 15: and ways forward.

1261
01:02:51,093 --> 01:02:51,893
Speaker 2: Power has been.

1262
01:02:51,813 --> 01:02:55,653
Speaker 15: Restored for Nelly half of the Cuban capital Havana, after

1263
01:02:55,653 --> 01:02:59,053
Speaker 15: the country's ten million people lost electricity over the weekend.

1264
01:03:00,253 --> 01:03:02,933
Speaker 15: Why conflict in the Middle East is putting upward pressure

1265
01:03:03,053 --> 01:03:07,933
Speaker 15: on mortgage rates regionate Tipschranee's explainer at Enzen Herald Premium

1266
01:03:08,533 --> 01:03:10,573
Speaker 15: to matt Ethan Tyner Adams.

1267
01:03:10,053 --> 01:03:12,293
Speaker 2: Thank you very much for Ayleen. So want to have

1268
01:03:12,333 --> 01:03:15,493
Speaker 2: a chat about the price of having a pet. This

1269
01:03:15,573 --> 01:03:17,733
Speaker 2: is on the back of an article in The Herald.

1270
01:03:17,853 --> 01:03:20,573
Speaker 2: In the face of astronomical vet bills that can leave

1271
01:03:20,653 --> 01:03:24,053
Speaker 2: pet owners in shock, some question whether owning a companion

1272
01:03:24,133 --> 01:03:27,893
Speaker 2: animal is now a luxury many can't afford. So the

1273
01:03:28,453 --> 01:03:31,493
Speaker 2: writer spoke to one pet owner for the story who

1274
01:03:31,573 --> 01:03:35,133
Speaker 2: was left stunned after facing these sourine vet bills when

1275
01:03:35,133 --> 01:03:38,853
Speaker 2: their animal required extensive treatment, ultimately forcing them to add

1276
01:03:38,853 --> 01:03:42,013
Speaker 2: around twenty thousand dollars to their mortgage just to cover

1277
01:03:42,413 --> 01:03:44,773
Speaker 2: those costs. And it goes on to say there's growing

1278
01:03:44,813 --> 01:03:47,533
Speaker 2: concern among vets and pet owners about the rising cost

1279
01:03:47,573 --> 01:03:50,733
Speaker 2: of animal healthcare in New Zealand and the difficult decisions

1280
01:03:50,733 --> 01:03:54,973
Speaker 2: people face when treatment becomes unaffordable. But the emotional attachment

1281
01:03:55,413 --> 01:03:58,493
Speaker 2: remains strong, as it does when it comes to our pets.

1282
01:03:58,973 --> 01:04:01,293
Speaker 2: So I want to discuss with you how expensive is

1283
01:04:01,333 --> 01:04:04,493
Speaker 2: it to own a pet in twenty twenty six. I mean,

1284
01:04:04,613 --> 01:04:06,693
Speaker 2: arguably it is very expensive for a lot of people.

1285
01:04:06,693 --> 01:04:09,333
Speaker 2: You've got food which has gone on up in price,

1286
01:04:09,413 --> 01:04:12,133
Speaker 2: so you've got the vet visits of course insurance. If

1287
01:04:12,173 --> 01:04:15,413
Speaker 2: that's the way that you go toys, kennels, it all

1288
01:04:15,453 --> 01:04:18,973
Speaker 2: adds up very quickly, So our pet's becoming a bit

1289
01:04:18,973 --> 01:04:21,573
Speaker 2: of a luxury only some people can afford. Oh eight,

1290
01:04:21,573 --> 01:04:23,533
Speaker 2: one hundred and eighty ten eighty is that number to call?

1291
01:04:23,613 --> 01:04:26,973
Speaker 2: Nine to nine two is the text. There's many people

1292
01:04:27,173 --> 01:04:29,573
Speaker 2: know where we've got a pet. Where it got our

1293
01:04:29,613 --> 01:04:33,133
Speaker 2: dog Pepper, who we adore, and at the moment we

1294
01:04:33,453 --> 01:04:36,573
Speaker 2: spend a fair bit on our dear Pepper, But that

1295
01:04:36,733 --> 01:04:40,053
Speaker 2: is only because we can. Right now, if we have

1296
01:04:40,213 --> 01:04:43,093
Speaker 2: a child or two that comes into our family, Pepper's

1297
01:04:43,133 --> 01:04:46,693
Speaker 2: life then becomes a lot less luxurious very quickly. She

1298
01:04:46,773 --> 01:04:48,893
Speaker 2: no longer gets the best dog food. She'll be getting

1299
01:04:48,893 --> 01:04:52,013
Speaker 2: the budget dog food, and she won't be getting the

1300
01:04:52,413 --> 01:04:55,053
Speaker 2: multiple treats, and she won't be getting all the toys.

1301
01:04:55,093 --> 01:04:57,133
Speaker 2: I mean, that's just the way it works in most households,

1302
01:04:57,253 --> 01:04:59,733
Speaker 2: right that you look after your dog to the best

1303
01:04:59,773 --> 01:05:02,693
Speaker 2: of your ability, but it's a budget option for looking

1304
01:05:02,733 --> 01:05:06,413
Speaker 2: after your pet, and there's always ways that you can

1305
01:05:06,453 --> 01:05:09,853
Speaker 2: provide what they need without blowing the budget. Is they're

1306
01:05:09,853 --> 01:05:12,213
Speaker 2: not Oh eight one hundred eighty ten eighty is that

1307
01:05:12,293 --> 01:05:14,773
Speaker 2: number to call? So I think we fall into particularly

1308
01:05:14,773 --> 01:05:18,773
Speaker 2: the last couple of years, their pets and the way

1309
01:05:18,773 --> 01:05:23,093
Speaker 2: that we treat them, it has become a luxurious existence

1310
01:05:23,173 --> 01:05:25,973
Speaker 2: for them. Last year, Key, we spent one point eight

1311
01:05:26,093 --> 01:05:29,853
Speaker 2: billion dollars on their pets. When it comes to new

1312
01:05:29,973 --> 01:05:34,133
Speaker 2: fancy treats and the food that is almost human greade

1313
01:05:34,173 --> 01:05:36,973
Speaker 2: at this point, sometimes better than what most people eat,

1314
01:05:37,813 --> 01:05:40,653
Speaker 2: the fancy kennels that they get taken to the dog

1315
01:05:40,813 --> 01:05:44,053
Speaker 2: care it adds up and up and up. Effectively, you

1316
01:05:44,093 --> 01:05:46,253
Speaker 2: were spending as much on an animal than you would

1317
01:05:46,293 --> 01:05:49,613
Speaker 2: on a child. So are we spending too much on

1318
01:05:49,693 --> 01:05:51,493
Speaker 2: these pets? Do we need to bring it back down

1319
01:05:51,533 --> 01:05:54,213
Speaker 2: to earth a little bit? Or is this article right

1320
01:05:54,333 --> 01:05:57,773
Speaker 2: that the cost of the vet bills and everything else

1321
01:05:57,773 --> 01:06:00,653
Speaker 2: that goes along with having a dog or a cant

1322
01:06:00,733 --> 01:06:03,093
Speaker 2: or whatever pet that you've got in house in your household.

1323
01:06:03,573 --> 01:06:05,533
Speaker 2: Is it becoming just too expensive for a lot of

1324
01:06:05,613 --> 01:06:08,253
Speaker 2: keys out there. Oh, eight hundred eighty ten eighty is

1325
01:06:08,493 --> 01:06:10,693
Speaker 2: the number to call, no doubt about it. The vet

1326
01:06:10,933 --> 01:06:13,173
Speaker 2: is something that you can't really get around if you

1327
01:06:13,213 --> 01:06:15,893
Speaker 2: love your animal, and most pet owners dearly love their animal.

1328
01:06:15,893 --> 01:06:18,573
Speaker 2: They're part of the family. When something happens and you've

1329
01:06:18,573 --> 01:06:22,573
Speaker 2: got to rush them to the vet. It is astronomically high.

1330
01:06:22,733 --> 01:06:24,453
Speaker 2: Last time we had to take people to the vet,

1331
01:06:24,573 --> 01:06:27,573
Speaker 2: she ran headfirst into a rock she didn't see in

1332
01:06:27,613 --> 01:06:30,853
Speaker 2: tall grass and smashed up your leg. And that was

1333
01:06:31,013 --> 01:06:33,773
Speaker 2: three visits at a cost of about four hundred bucks

1334
01:06:33,813 --> 01:06:36,573
Speaker 2: a pop, even to get a dressing. So the third

1335
01:06:36,653 --> 01:06:39,813
Speaker 2: time where that was just simply to get her wound redressed.

1336
01:06:40,213 --> 01:06:42,613
Speaker 2: And I said to my partner mate, bug of this,

1337
01:06:42,773 --> 01:06:44,493
Speaker 2: I'm just going to do it myself because I'm not

1338
01:06:44,493 --> 01:06:47,533
Speaker 2: going to pay four hundred bucks to have a bandage

1339
01:06:47,533 --> 01:06:50,173
Speaker 2: put over her leg. So what are you seeing out there?

1340
01:06:50,173 --> 01:06:52,413
Speaker 2: If you have a dog, you've got a cat, how

1341
01:06:52,453 --> 01:06:55,053
Speaker 2: are you dealing with vet bills when something goes wrong?

1342
01:06:55,693 --> 01:06:59,013
Speaker 2: And many people are already texting through? Is insurance the

1343
01:06:59,013 --> 01:07:02,013
Speaker 2: way to go? I mean insurance is a bit of

1344
01:07:02,053 --> 01:07:04,333
Speaker 2: a gamble for a lot of people that it only

1345
01:07:04,373 --> 01:07:07,973
Speaker 2: covers certain things. It's still a massive cost in itself

1346
01:07:08,413 --> 01:07:10,373
Speaker 2: upwards of one hundred and two hundred dollars a month.

1347
01:07:10,893 --> 01:07:13,293
Speaker 2: So is it better just to save yourself to have

1348
01:07:13,373 --> 01:07:16,733
Speaker 2: that as an aside if anything goes wrong, that you've

1349
01:07:16,733 --> 01:07:18,813
Speaker 2: got the money saved up there? Oh eight hundred eighty

1350
01:07:18,853 --> 01:07:21,013
Speaker 2: ten eighty is the number to call. Nine two ninety

1351
01:07:21,053 --> 01:07:24,493
Speaker 2: two is the text? Is having a pet becoming a luxury?

1352
01:07:24,573 --> 01:07:26,893
Speaker 2: In New Zealand? It is nineteen to three.

1353
01:07:27,493 --> 01:07:29,853
Speaker 1: Have a chat with Matt and Tyler on Oh eight

1354
01:07:29,973 --> 01:07:33,133
Speaker 1: hundred and eighty ten eighty Matt Eathan Tyler Adams afternoons

1355
01:07:33,293 --> 01:07:36,693
Speaker 1: with Skoda. Can you crack the scoder code us dog Z'd.

1356
01:07:36,493 --> 01:07:39,653
Speaker 2: Be afternoon to you. It is sixteen to three and

1357
01:07:39,693 --> 01:07:43,093
Speaker 2: we're discussing the costs of having a pet. Some people

1358
01:07:43,213 --> 01:07:47,133
Speaker 2: spoken to in a New Zealand Herald article say that

1359
01:07:47,213 --> 01:07:50,013
Speaker 2: pet ownership is now just for the wealthy. It's too

1360
01:07:50,053 --> 01:07:52,173
Speaker 2: expensive for a lot of people to own a pet,

1361
01:07:52,213 --> 01:07:55,213
Speaker 2: whether that's a dog or a cat. What's your thoughts

1362
01:07:55,213 --> 01:07:57,613
Speaker 2: on that? One O one hundred eighty ten eighty is

1363
01:07:57,653 --> 01:07:59,973
Speaker 2: that number to call? Quick a couple of texts, Get

1364
01:07:59,973 --> 01:08:03,133
Speaker 2: a Tyler. The pet insurance industry has caused ridiculous rises

1365
01:08:03,173 --> 01:08:06,413
Speaker 2: and vat costs. In my opinion, the way are now

1366
01:08:06,533 --> 01:08:09,133
Speaker 2: vets just order every test under the sun, instead of

1367
01:08:09,173 --> 01:08:12,293
Speaker 2: logical thinking, yes, I'm aware that they have more diagnostic

1368
01:08:12,333 --> 01:08:14,773
Speaker 2: tools available that cost, but just because it's there, it

1369
01:08:14,773 --> 01:08:17,412
Speaker 2: doesn't mean you have to charge it up every test

1370
01:08:17,452 --> 01:08:21,173
Speaker 2: available instead of actually using the brain and the study

1371
01:08:21,213 --> 01:08:24,772
Speaker 2: that the vets have. Carl, how are you this afternoon,

1372
01:08:25,812 --> 01:08:27,772
Speaker 2: I can get til yourself. Yeah, good mate. What do

1373
01:08:27,772 --> 01:08:29,492
Speaker 2: you reckon about the costs of having a pet?

1374
01:08:30,732 --> 01:08:33,093
Speaker 7: Yeah, I mean, I guess it is a bit up there.

1375
01:08:33,093 --> 01:08:35,253
Speaker 7: I mean, I don't have kids, so I've only got

1376
01:08:35,293 --> 01:08:36,933
Speaker 7: my dog, which is an American staff you know. And

1377
01:08:37,013 --> 01:08:39,692
Speaker 7: I guess he goes without wanting for anything, you know,

1378
01:08:39,772 --> 01:08:42,052
Speaker 7: like I mean, whatever you need to gets effectively he gets.

1379
01:08:43,853 --> 01:08:45,772
Speaker 7: But yeah, I guess I've noticed. I mean I've had

1380
01:08:45,933 --> 01:08:48,093
Speaker 7: this is my second dog. I mean, and I've noticed

1381
01:08:48,093 --> 01:08:49,852
Speaker 7: this really an increases fish over the last ten years,

1382
01:08:49,893 --> 01:08:51,372
Speaker 7: and especially in the last couple of years, it's been

1383
01:08:51,412 --> 01:08:52,892
Speaker 7: a bit of a hike in regards to your vet

1384
01:08:52,933 --> 01:08:56,772
Speaker 7: books and so forth. But you know, just when it

1385
01:08:56,812 --> 01:08:58,133
Speaker 7: comes down to it in the day, I suppose you

1386
01:08:58,173 --> 01:09:00,093
Speaker 7: need to factor these things in before you actually get

1387
01:09:00,133 --> 01:09:02,013
Speaker 7: a pit. I suppose it comes down to us. But

1388
01:09:02,213 --> 01:09:03,532
Speaker 7: you know, at the end of the day, like you

1389
01:09:03,532 --> 01:09:06,692
Speaker 7: can't afford to basically maintain or look after it than'm

1390
01:09:06,692 --> 01:09:08,253
Speaker 7: supposed to be things not to get one.

1391
01:09:08,692 --> 01:09:11,412
Speaker 2: So yeah, I agree, how I mean reading this article

1392
01:09:11,452 --> 01:09:14,372
Speaker 2: and mentioned our dog Pepper, and we don't have kids either,

1393
01:09:14,572 --> 01:09:16,772
Speaker 2: But in the back of my mind, I was just thinking,

1394
01:09:16,812 --> 01:09:20,812
Speaker 2: we all know how expensive vet bills are, and animals

1395
01:09:20,812 --> 01:09:23,013
Speaker 2: should be a part of your family, you know, you

1396
01:09:23,053 --> 01:09:25,732
Speaker 2: get pretty emotionally attached to them, which is part of

1397
01:09:25,732 --> 01:09:28,732
Speaker 2: the deal. Then it costs what it costs, right, So

1398
01:09:28,893 --> 01:09:32,293
Speaker 2: whatever treatment that dog may or may not need, you

1399
01:09:32,692 --> 01:09:35,812
Speaker 2: make it work. The cost to me is kind of irrelevant. Yes,

1400
01:09:35,853 --> 01:09:37,412
Speaker 2: it might put a strain on a lot of people,

1401
01:09:37,772 --> 01:09:39,812
Speaker 2: but that's a family member. I mean that, you know,

1402
01:09:40,213 --> 01:09:42,572
Speaker 2: not quite to the same extent, but the same you'd

1403
01:09:43,013 --> 01:09:46,133
Speaker 2: give your child or another person in your family. That's

1404
01:09:46,173 --> 01:09:48,852
Speaker 2: the deal. When you get a pit, oh, totally a

1405
01:09:48,853 --> 01:09:49,253
Speaker 2: great you know.

1406
01:09:49,293 --> 01:09:51,732
Speaker 7: I mean obviously everyone has a different take on an animal,

1407
01:09:51,772 --> 01:09:53,732
Speaker 7: you know or gifinitely a pet you know some obviously

1408
01:09:53,772 --> 01:09:56,412
Speaker 7: people don't probably necessarily look at them as being part

1409
01:09:56,452 --> 01:09:57,812
Speaker 7: of the family. But I mean, when you create that

1410
01:09:57,893 --> 01:09:59,532
Speaker 7: one would your pet, whether it be a cat or

1411
01:09:59,572 --> 01:10:01,892
Speaker 7: a dog or goldfish. Suppose when if it comes down

1412
01:10:01,933 --> 01:10:04,532
Speaker 7: to today like is, and there's nothing you wouldn't do

1413
01:10:04,612 --> 01:10:07,013
Speaker 7: for that bit, or nothing you wouldn't spend on that

1414
01:10:07,093 --> 01:10:08,732
Speaker 7: dead or if you needed to spend money that he

1415
01:10:08,732 --> 01:10:10,133
Speaker 7: didn't take the most soon he came up with the

1416
01:10:10,213 --> 01:10:11,812
Speaker 7: money one way or another. And you mentioned of asu

1417
01:10:11,893 --> 01:10:15,532
Speaker 7: filire someone, you know, increasing the the mortgage or taking

1418
01:10:15,572 --> 01:10:18,492
Speaker 7: a further loan to cover the costs. I mean, should

1419
01:10:18,532 --> 01:10:19,892
Speaker 7: I do the same thing? You know, I came down

1420
01:10:19,933 --> 01:10:21,213
Speaker 7: so you know, in the day you just.

1421
01:10:21,452 --> 01:10:22,253
Speaker 2: Have to Yeah.

1422
01:10:22,253 --> 01:10:25,732
Speaker 7: Well, but I mean it's justly pursing myself.

1423
01:10:25,732 --> 01:10:28,852
Speaker 2: I would you know, yeah, I mean as long yeah,

1424
01:10:28,973 --> 01:10:31,852
Speaker 2: as long as as the dog had a high potential

1425
01:10:32,173 --> 01:10:33,372
Speaker 2: having a good life after that.

1426
01:10:33,372 --> 01:10:34,173
Speaker 23: Treatment, of course.

1427
01:10:34,253 --> 01:10:37,293
Speaker 2: Yeah, yeah, but exactly, I mean, whatever it costs, you know,

1428
01:10:37,612 --> 01:10:39,053
Speaker 2: I would be the same tack it up on the

1429
01:10:39,093 --> 01:10:42,372
Speaker 2: mortgage because people is a part of our family, and

1430
01:10:42,853 --> 01:10:45,253
Speaker 2: you know, if we can make sure that she keeps

1431
01:10:45,293 --> 01:10:47,452
Speaker 2: going and has a good life, then that's that's the

1432
01:10:47,492 --> 01:10:48,133
Speaker 2: price to pay.

1433
01:10:49,133 --> 01:10:50,932
Speaker 7: Yeah, I mean, just the most recent ext year, I've

1434
01:10:50,973 --> 01:10:54,053
Speaker 7: just recently got pete insurance for my dog and this

1435
01:10:54,253 --> 01:10:56,892
Speaker 7: is the first time, my last time sort of I

1436
01:10:56,933 --> 01:10:58,973
Speaker 7: stopped it because there was a massive price increase that

1437
01:10:59,053 --> 01:11:00,772
Speaker 7: went from being like almost a dollar a day to

1438
01:11:01,053 --> 01:11:03,092
Speaker 7: it almost troubled in price over I'm in the premium

1439
01:11:03,173 --> 01:11:05,412
Speaker 7: roll ground, you know, but this time around, I talked

1440
01:11:05,412 --> 01:11:07,932
Speaker 7: with a local provider, and you know, they've got a reason.

1441
01:11:07,973 --> 01:11:09,812
Speaker 7: The goody sort of waited up and I was like, well,

1442
01:11:09,853 --> 01:11:11,532
Speaker 7: the amount of times he neighbors at the bat, you know,

1443
01:11:11,572 --> 01:11:14,293
Speaker 7: it's probably worth happening. But obviously understand not everyone can

1444
01:11:14,372 --> 01:11:16,772
Speaker 7: necessarily for that. But the same time, too, I came

1445
01:11:16,812 --> 01:11:18,652
Speaker 7: back to my original was like, you know, you need

1446
01:11:18,652 --> 01:11:21,093
Speaker 7: to protect these things, and when you consider or if

1447
01:11:21,133 --> 01:11:25,412
Speaker 7: you've product, you know, and that unfortunately a cost may

1448
01:11:25,452 --> 01:11:30,133
Speaker 7: occur that you're not aware of. Yeah, well that's fine.

1449
01:11:30,732 --> 01:11:32,293
Speaker 7: You know, you're a part of the family. There's nothing

1450
01:11:32,333 --> 01:11:33,173
Speaker 7: you wouldn't do for them, you know.

1451
01:11:33,333 --> 01:11:35,213
Speaker 2: I guess that's me at least an So yeah, no,

1452
01:11:35,333 --> 01:11:37,972
Speaker 2: good call girl, Thanks very much for giving me a buzz.

1453
01:11:37,973 --> 01:11:40,932
Speaker 2: Do you agree with Carl? And I agree with Carl

1454
01:11:40,973 --> 01:11:42,692
Speaker 2: as well that if they're a part of your family,

1455
01:11:43,372 --> 01:11:45,933
Speaker 2: then you just pay whatever you need to pay for

1456
01:11:46,053 --> 01:11:49,013
Speaker 2: the treatment that they need. So can you hear your view?

1457
01:11:49,053 --> 01:11:50,572
Speaker 2: O eight one hundred and eighty ten eighty. But there's

1458
01:11:50,572 --> 01:11:52,612
Speaker 2: also a few texts coming through laughing at the idea

1459
01:11:52,973 --> 01:11:57,732
Speaker 2: that pet ownership is just for the wealthy. I just

1460
01:11:58,053 --> 01:12:01,852
Speaker 2: had a great text here, No not that one kid,

1461
01:12:01,933 --> 01:12:05,173
Speaker 2: Ay Tyler. That makes me laugh that pets are only

1462
01:12:05,253 --> 01:12:09,173
Speaker 2: for the wealthy. I have three dogs and cats. I

1463
01:12:09,412 --> 01:12:12,213
Speaker 2: spend max per week around one hundred and twenty dollars

1464
01:12:12,253 --> 01:12:15,173
Speaker 2: that takes care of all their needs, that includes food,

1465
01:12:15,333 --> 01:12:17,572
Speaker 2: and yes I do have insurance as well. So this

1466
01:12:17,732 --> 01:12:20,693
Speaker 2: idea that it is just for the wealthy is laughable.

1467
01:12:20,812 --> 01:12:23,492
Speaker 2: Some people are paying far too much for a whole

1468
01:12:23,572 --> 01:12:25,892
Speaker 2: raft of things for their pets, whether that's food, whether

1469
01:12:26,013 --> 01:12:28,772
Speaker 2: that's doggy daycare. You need to learn how to budget

1470
01:12:28,812 --> 01:12:30,772
Speaker 2: when it comes to your animals. So what do you say?

1471
01:12:30,812 --> 01:12:33,173
Speaker 2: Oh what undred eighty ten eighty is that number to call?

1472
01:12:33,253 --> 01:12:38,053
Speaker 2: It is eleven to three, the issues that affect.

1473
01:12:37,732 --> 01:12:40,093
Speaker 1: You, and a bit of fun along the way. Matt

1474
01:12:40,133 --> 01:12:42,892
Speaker 1: Heath and Taylor Adams Afternoons News Talks.

1475
01:12:42,933 --> 01:12:45,933
Speaker 2: He'd be news Talks, said be it is nine to

1476
01:12:46,093 --> 01:12:48,452
Speaker 2: three and we're talking about the cost of animal ownership.

1477
01:12:48,532 --> 01:12:52,333
Speaker 2: In New Zealand's story in The Herald, it's headlined that

1478
01:12:53,213 --> 01:12:56,052
Speaker 2: it's effectively just for the wealthy now to own a pet.

1479
01:12:56,173 --> 01:12:59,652
Speaker 2: With the cost of vet bill's skyrocketing, one person spoken

1480
01:12:59,732 --> 01:13:02,652
Speaker 2: to had to take another part of or add it

1481
01:13:02,692 --> 01:13:05,092
Speaker 2: to the mortgage. Rather twenty thousand dollars for their dogs.

1482
01:13:05,133 --> 01:13:07,492
Speaker 2: So is it becoming too expensive for most people to

1483
01:13:07,572 --> 01:13:09,812
Speaker 2: have a pets? Oh eight hundred and eighty ten eighty

1484
01:13:09,933 --> 01:13:12,253
Speaker 2: is that number to call? Louise? How are you this afternoon?

1485
01:13:13,293 --> 01:13:13,772
Speaker 12: Good things?

1486
01:13:13,812 --> 01:13:14,173
Speaker 24: How are you?

1487
01:13:14,492 --> 01:13:14,692
Speaker 1: Yeah?

1488
01:13:14,772 --> 01:13:17,572
Speaker 2: Good? So you've got a couple of libradors, both adopted

1489
01:13:18,412 --> 01:13:23,293
Speaker 2: and if one did end up costing a fear wack

1490
01:13:23,372 --> 01:13:23,772
Speaker 2: of money.

1491
01:13:25,053 --> 01:13:28,372
Speaker 24: Yeah, we adopted two dogs, both change of career guide dogs,

1492
01:13:28,933 --> 01:13:31,972
Speaker 24: and our first one cost us thirty five thousand dollars

1493
01:13:32,133 --> 01:13:33,573
Speaker 24: and three major surgeries.

1494
01:13:34,133 --> 01:13:36,772
Speaker 2: And what happened with those surgeries? What went wrong?

1495
01:13:37,933 --> 01:13:41,093
Speaker 24: Well, the first two surgeries they weren't sure what it was.

1496
01:13:41,293 --> 01:13:43,692
Speaker 24: And on the third surgery they said, we're going to

1497
01:13:43,732 --> 01:13:45,772
Speaker 24: have to diagnose us because he got three ill in

1498
01:13:46,013 --> 01:13:48,572
Speaker 24: two years. So it was over the course of two

1499
01:13:48,652 --> 01:13:51,933
Speaker 24: years he fell l three times and each time it

1500
01:13:52,053 --> 01:13:54,372
Speaker 24: cost us ten to twelve thousand dollars. And on the

1501
01:13:54,492 --> 01:13:56,652
Speaker 24: final surgery, I said to them, okay, we need to

1502
01:13:56,732 --> 01:14:00,213
Speaker 24: diagnose us because we can't keep doing this. And so

1503
01:14:00,293 --> 01:14:03,093
Speaker 24: they did a biopsy to dia. Oh no, sorry, So

1504
01:14:03,133 --> 01:14:05,572
Speaker 24: they did a biopsy to diagnosis irritable.

1505
01:14:05,173 --> 01:14:11,253
Speaker 2: Bow right and so that's an on going thing. Ert, Yeah,

1506
01:14:11,333 --> 01:14:11,572
Speaker 2: it is.

1507
01:14:11,853 --> 01:14:14,572
Speaker 24: It is an ongoing thing. It's a special food and

1508
01:14:14,692 --> 01:14:17,813
Speaker 24: every six months it is a trip to the specialist

1509
01:14:17,933 --> 01:14:20,452
Speaker 24: to get a review and blood tests and.

1510
01:14:20,492 --> 01:14:21,932
Speaker 2: How much do you get to medicate?

1511
01:14:22,772 --> 01:14:27,972
Speaker 24: Four hundred and fifty dollars a time and that's food, Yeah,

1512
01:14:28,053 --> 01:14:31,293
Speaker 24: every six months, yep. Yeah, And his food's two hundred

1513
01:14:31,333 --> 01:14:34,293
Speaker 24: and fifty dollars a bag and that lasts us three weeks.

1514
01:14:35,452 --> 01:14:38,852
Speaker 2: These are big costs, Louise, But you know, look, I

1515
01:14:39,013 --> 01:14:41,053
Speaker 2: know and many other people that have a dog or

1516
01:14:41,173 --> 01:14:44,732
Speaker 2: any pets for that matter. You know, to me, you

1517
01:14:45,093 --> 01:14:46,452
Speaker 2: do what you've got to do, and you pay what

1518
01:14:46,492 --> 01:14:49,213
Speaker 2: you've got to pay because part of the family.

1519
01:14:50,492 --> 01:14:54,612
Speaker 24: Yeah, and we adopted him thinking, well, we've adopted him.

1520
01:14:54,812 --> 01:14:56,412
Speaker 24: As long as we give him a good life, that's

1521
01:14:56,452 --> 01:14:58,093
Speaker 24: our you know, that's what we want to do. He's

1522
01:14:58,133 --> 01:15:01,052
Speaker 24: part of our family. We don't regret spending the money.

1523
01:15:01,133 --> 01:15:03,133
Speaker 24: It's a lot of money, but it's I do it

1524
01:15:03,213 --> 01:15:06,133
Speaker 24: again and a heartbeat, I do it again. So it's

1525
01:15:06,772 --> 01:15:09,572
Speaker 24: one of those things that it's yeah, do.

1526
01:15:09,612 --> 01:15:10,133
Speaker 6: You just do it?

1527
01:15:11,013 --> 01:15:13,013
Speaker 2: Yeah. I mean, you're a great pet owner because the

1528
01:15:13,053 --> 01:15:15,093
Speaker 2: responsibility you've taken on and as you say, you just

1529
01:15:15,213 --> 01:15:17,253
Speaker 2: do it because they do become part of the family.

1530
01:15:17,333 --> 01:15:22,013
Speaker 24: Have you got insurance, Yeah, we have insurance, but by

1531
01:15:22,133 --> 01:15:24,933
Speaker 24: the time I claimed for the third operation, like, we

1532
01:15:25,013 --> 01:15:27,732
Speaker 24: didn't ever have full cover insurance because I just didn't

1533
01:15:27,772 --> 01:15:30,892
Speaker 24: think you needed it and it wasn't a common thing

1534
01:15:30,933 --> 01:15:32,452
Speaker 24: you took out. But by the time we claimed for

1535
01:15:32,532 --> 01:15:35,452
Speaker 24: the third operation, it's just got harder and harder to

1536
01:15:35,532 --> 01:15:38,653
Speaker 24: claim for the insurance. And so we've been seriously contemplating.

1537
01:15:38,732 --> 01:15:42,133
Speaker 24: He's six now, and we've been seriously contemplating getting rid

1538
01:15:42,173 --> 01:15:44,213
Speaker 24: of the insurance and just putting what we'd pay because

1539
01:15:44,213 --> 01:15:47,213
Speaker 24: it's gone each time we claimed, our premium's gone up

1540
01:15:47,253 --> 01:15:49,372
Speaker 24: and up and up. So we've just been thinking, Okay,

1541
01:15:49,372 --> 01:15:50,892
Speaker 24: we might just put that money aside now.

1542
01:15:51,372 --> 01:15:56,213
Speaker 2: Yeah, and the prognosis going forward, Louise, do you think

1543
01:15:56,253 --> 01:15:58,893
Speaker 2: he's You've got your six month checkups. But is he

1544
01:15:58,973 --> 01:15:59,852
Speaker 2: hopefully out of the woods?

1545
01:16:01,253 --> 01:16:02,852
Speaker 24: No, he'll never be out of the woods. And it's

1546
01:16:02,853 --> 01:16:06,372
Speaker 24: definitely quality over quantity. So we'll be they've said to us,

1547
01:16:06,412 --> 01:16:07,412
Speaker 24: we'll be like if we get to.

1548
01:16:07,572 --> 01:16:11,333
Speaker 2: Ten with him, right, Oh, And that's hard. That is

1549
01:16:11,772 --> 01:16:12,133
Speaker 2: so hard.

1550
01:16:12,253 --> 01:16:12,492
Speaker 25: It is.

1551
01:16:13,652 --> 01:16:15,412
Speaker 24: And I said to the Viet well, I think on

1552
01:16:15,492 --> 01:16:17,732
Speaker 24: the third operation, because each time he's been operated on,

1553
01:16:17,893 --> 01:16:21,732
Speaker 24: he's slowly the recovery period has got longer. And I

1554
01:16:21,812 --> 01:16:24,973
Speaker 24: said to the vet on the third time, well, you know, like,

1555
01:16:25,053 --> 01:16:28,213
Speaker 24: if we can't control this, am I making the wrong choice?

1556
01:16:28,213 --> 01:16:29,253
Speaker 24: Should I put him down?

1557
01:16:29,372 --> 01:16:30,333
Speaker 21: If he was your vet?

1558
01:16:30,492 --> 01:16:32,013
Speaker 24: If he was your pet, would you put him down?

1559
01:16:32,013 --> 01:16:33,572
Speaker 24: And the veted to me, nope, Let's give it one

1560
01:16:33,612 --> 01:16:35,572
Speaker 24: more shot. But if this doesn't work, we will be

1561
01:16:35,652 --> 01:16:38,852
Speaker 24: putting him down. And luckily it's worked for four years.

1562
01:16:39,572 --> 01:16:41,412
Speaker 2: And that's such a great question to ask the vet,

1563
01:16:41,452 --> 01:16:43,732
Speaker 2: isn't it. I've been in that situation where we asked

1564
01:16:43,772 --> 01:16:47,133
Speaker 2: that the vet that same question, and yeah, I mean

1565
01:16:47,253 --> 01:16:49,452
Speaker 2: sadly for us it went the other way. That Ceci,

1566
01:16:49,492 --> 01:16:52,093
Speaker 2: our previous dog. She was twelve years old, and the

1567
01:16:52,213 --> 01:16:55,372
Speaker 2: vet was was honest enough to say it could work,

1568
01:16:55,452 --> 01:16:57,053
Speaker 2: but the quality of life is not going to be

1569
01:16:57,093 --> 01:16:58,652
Speaker 2: great for sec He hit me like a ton of

1570
01:16:58,692 --> 01:17:01,572
Speaker 2: bricks and jeepers. Did I grieve? But at that point,

1571
01:17:01,893 --> 01:17:06,173
Speaker 2: you know, it makes an impossibly hard decision a little

1572
01:17:06,213 --> 01:17:08,892
Speaker 2: bit easier to say, you know, this is about the life.

1573
01:17:09,933 --> 01:17:11,532
Speaker 24: Yeah, And that's what I said to the vet, Like

1574
01:17:11,612 --> 01:17:13,732
Speaker 24: I said, to him. If you can't guarantee, you know,

1575
01:17:13,812 --> 01:17:15,173
Speaker 24: if you can't tell me he's going to have a

1576
01:17:15,213 --> 01:17:19,892
Speaker 24: good life, and you know you wouldn't you would recommend

1577
01:17:20,013 --> 01:17:21,852
Speaker 24: not keeping him here, then I need you to tell

1578
01:17:21,933 --> 01:17:23,933
Speaker 24: me that because I don't wanted to spend money for

1579
01:17:24,053 --> 01:17:24,612
Speaker 24: that outcome.

1580
01:17:24,853 --> 01:17:25,053
Speaker 2: Yeah.

1581
01:17:25,692 --> 01:17:28,492
Speaker 24: Yeah, And so it's definitely very much quality over quantity.

1582
01:17:28,532 --> 01:17:29,772
Speaker 24: He lived his very best life.

1583
01:17:29,893 --> 01:17:31,932
Speaker 2: I bet he does. He's got a great owner. Thank

1584
01:17:32,013 --> 01:17:33,852
Speaker 2: you very much for your call, Louise. We're going to

1585
01:17:33,893 --> 01:17:36,253
Speaker 2: carry this on. I W one hundred eighty ten eighty.

1586
01:17:36,412 --> 01:17:39,173
Speaker 2: So how much is too much to spend on your

1587
01:17:39,253 --> 01:17:42,612
Speaker 2: beloved pet? If you're in a situation where you've had

1588
01:17:42,652 --> 01:17:44,772
Speaker 2: to go to the vet multiple times? Is that just

1589
01:17:44,893 --> 01:17:47,612
Speaker 2: the price you pay because that dog all care as

1590
01:17:47,652 --> 01:17:49,612
Speaker 2: part of your family. I wait, one hundred eighty ten

1591
01:17:49,652 --> 01:17:52,093
Speaker 2: eighty is the number to call. Nineteen ninety two is

1592
01:17:52,213 --> 01:17:54,892
Speaker 2: the text new Sport and we're a fast approaching great

1593
01:17:54,973 --> 01:17:57,652
Speaker 2: joy of your company this afternoon. Stay right here. I

1594
01:17:57,692 --> 01:17:59,092
Speaker 2: will be back in a few minutes.

1595
01:18:04,293 --> 01:18:22,892
Speaker 26: The gas for a new person over again.

1596
01:18:24,412 --> 01:18:28,492
Speaker 1: Of big stories, the big issues, the big trends, and

1597
01:18:28,853 --> 01:18:32,573
Speaker 1: everything in between. It's Matt Heath and Tyler Adams afternoon

1598
01:18:32,772 --> 01:18:35,013
Speaker 1: SWI Skodder news Talk said the.

1599
01:18:36,652 --> 01:18:38,732
Speaker 2: Well get ata here, welcome back into the show. It

1600
01:18:38,893 --> 01:18:42,012
Speaker 2: is seven past three. My mate matter is off today.

1601
01:18:42,053 --> 01:18:44,852
Speaker 2: He'll be back tomorrow. So you got me four another

1602
01:18:44,973 --> 01:18:47,692
Speaker 2: hour before hither steps into the mix. And we are

1603
01:18:47,812 --> 01:18:52,052
Speaker 2: discussing the costs of healthcare when it comes to our pits.

1604
01:18:52,053 --> 01:18:53,732
Speaker 2: So an article and the Herald and the face of

1605
01:18:53,853 --> 01:18:57,333
Speaker 2: astronomical vit bills that can leave pit owners and shock

1606
01:18:57,452 --> 01:19:00,293
Speaker 2: some question with owning a companion animal. Is now a

1607
01:19:00,412 --> 01:19:03,492
Speaker 2: luxury mini can't of ford? So the article goes on

1608
01:19:03,572 --> 01:19:06,012
Speaker 2: to say, this growing concern among vits and pit owners

1609
01:19:06,293 --> 01:19:09,252
Speaker 2: about that rising cost of animal healthcare and the difficult

1610
01:19:09,253 --> 01:19:13,172
Speaker 2: decisions people face when treatment becomes unaffordable. But the emotional

1611
01:19:13,253 --> 01:19:17,333
Speaker 2: attachment is very strong. So our pet's becoming a luxury

1612
01:19:17,732 --> 01:19:21,572
Speaker 2: luxury rather only some people can afford. And just having

1613
01:19:21,572 --> 01:19:23,173
Speaker 2: a chance to a few people out in the office

1614
01:19:23,412 --> 01:19:25,932
Speaker 2: during the news and got to talking about the discussion

1615
01:19:25,973 --> 01:19:29,812
Speaker 2: about vet bells, et cetera, et cetera, and three people said,

1616
01:19:29,933 --> 01:19:32,093
Speaker 2: if you want to save on your vet costs, get

1617
01:19:32,173 --> 01:19:35,333
Speaker 2: out of the city. That if you drive south or north,

1618
01:19:35,452 --> 01:19:37,572
Speaker 2: wherever you are where stories just get out of the

1619
01:19:37,652 --> 01:19:40,213
Speaker 2: city center and go to a vets who's a little

1620
01:19:40,253 --> 01:19:43,253
Speaker 2: bit more rural. You can half the cost of what

1621
01:19:43,372 --> 01:19:46,732
Speaker 2: you're paying. So is that true. Let's do a bit

1622
01:19:46,812 --> 01:19:49,532
Speaker 2: of a look around the country and how much you're

1623
01:19:49,572 --> 01:19:52,612
Speaker 2: paying for general vet visits. Is it far cheaper to

1624
01:19:52,692 --> 01:19:55,572
Speaker 2: go to a rural vet than a right bang in

1625
01:19:55,612 --> 01:19:57,372
Speaker 2: the middle of whatever city that you live in. Oh,

1626
01:19:57,412 --> 01:19:59,732
Speaker 2: one hundred and eighty ten eighty A bit of a

1627
01:19:59,772 --> 01:20:02,333
Speaker 2: post code lottery when it comes to vet bills. But

1628
01:20:02,492 --> 01:20:05,532
Speaker 2: taking your calls as well on how much you've had

1629
01:20:05,612 --> 01:20:07,973
Speaker 2: to spend in terms of vet bills to keep your

1630
01:20:08,013 --> 01:20:11,173
Speaker 2: beloved pet going. Nine two ninety two is the text number,

1631
01:20:11,333 --> 01:20:15,492
Speaker 2: Tom afternoons. You there you go, mate, I'm good. What's

1632
01:20:15,492 --> 01:20:16,053
Speaker 2: your take on this?

1633
01:20:17,772 --> 01:20:19,772
Speaker 27: Yeah, I'm going to be the bad doy here.

1634
01:20:20,412 --> 01:20:22,932
Speaker 2: That's right, someone needs to Yeah.

1635
01:20:23,933 --> 01:20:27,532
Speaker 27: I actually hope the prices put people off pet ownership.

1636
01:20:27,612 --> 01:20:30,492
Speaker 27: I think New Zealand's pet ownership is far too high.

1637
01:20:30,652 --> 01:20:33,532
Speaker 27: There's far too many people with pets that shouldn't have pets,

1638
01:20:33,572 --> 01:20:35,253
Speaker 27: and I hope it puts a few off.

1639
01:20:36,572 --> 01:20:37,933
Speaker 2: A lot of people would agree with that, Tom. I

1640
01:20:37,973 --> 01:20:41,972
Speaker 2: don't know if that's that's that controversial because the people

1641
01:20:42,013 --> 01:20:44,692
Speaker 2: you're talking the people you're talking about, well, is this

1642
01:20:44,812 --> 01:20:46,452
Speaker 2: on the back of you know, we've seen the roaming

1643
01:20:46,532 --> 01:20:49,412
Speaker 2: dog situation, and we know a lot of the people

1644
01:20:49,452 --> 01:20:52,572
Speaker 2: who have those dogs or backyard breeders, they're pretty scummy

1645
01:20:52,612 --> 01:20:54,652
Speaker 2: type of people and they don't they don't give a

1646
01:20:54,933 --> 01:20:57,973
Speaker 2: shit about their dogs or their animals. Those are the

1647
01:20:58,013 --> 01:21:00,173
Speaker 2: people you're talking about that if it gets it gets

1648
01:21:00,293 --> 01:21:03,412
Speaker 2: high and there's some more regulations that come into play,

1649
01:21:03,812 --> 01:21:06,372
Speaker 2: then you've got people that generally love animals looking after

1650
01:21:06,492 --> 01:21:08,692
Speaker 2: them rather than people that just use them for whatever

1651
01:21:08,812 --> 01:21:10,812
Speaker 2: quick money making business or just don't care.

1652
01:21:12,133 --> 01:21:15,372
Speaker 27: Yeah, I'd add the I'll throw the cat argument in there.

1653
01:21:15,612 --> 01:21:17,333
Speaker 27: You know, if we don't have the natal species in

1654
01:21:17,372 --> 01:21:20,293
Speaker 27: this country that can handle cats, so I think cats

1655
01:21:20,293 --> 01:21:23,693
Speaker 27: should just about ben.

1656
01:21:23,973 --> 01:21:27,412
Speaker 2: That is controversial toime that that'll spark up the text machine,

1657
01:21:27,452 --> 01:21:28,053
Speaker 2: but nothing wrong with.

1658
01:21:28,093 --> 01:21:31,173
Speaker 27: That, that's all right. And then as far as the

1659
01:21:31,253 --> 01:21:33,333
Speaker 27: dogs go, I just look at the type of dogs

1660
01:21:33,372 --> 01:21:39,253
Speaker 27: that people have and the basic commands and things manners

1661
01:21:39,253 --> 01:21:40,732
Speaker 27: that the dogs have, and I just think you just

1662
01:21:40,772 --> 01:21:43,293
Speaker 27: should have known dogs. They just don't have basic training

1663
01:21:43,333 --> 01:21:47,213
Speaker 27: and manners in general. And you know, if you're not

1664
01:21:47,652 --> 01:21:50,372
Speaker 27: towing a sled. Why have you got a melonmou husky

1665
01:21:50,732 --> 01:21:52,692
Speaker 27: or you know, if you're not working cattle on the

1666
01:21:52,732 --> 01:21:55,732
Speaker 27: Ossi out back, what do you have a red merle

1667
01:21:55,853 --> 01:21:58,412
Speaker 27: or something? And these dogs are just horrendous pets.

1668
01:21:58,933 --> 01:22:01,732
Speaker 2: Yeah, yeah, no, no, that's fair time. I mean, I'm

1669
01:22:01,812 --> 01:22:03,732
Speaker 2: just thinking back to because you've raised a couple of

1670
01:22:03,812 --> 01:22:05,892
Speaker 2: categories there, and I think a lot of that's fair

1671
01:22:05,933 --> 01:22:08,412
Speaker 2: that if you've got a working dog and you you

1672
01:22:08,652 --> 01:22:10,532
Speaker 2: cannot you don't have the time to take them out

1673
01:22:10,572 --> 01:22:12,053
Speaker 2: three or four times a day, will give them a

1674
01:22:12,133 --> 01:22:14,852
Speaker 2: job to do, then that's going to cause a lot

1675
01:22:14,933 --> 01:22:17,492
Speaker 2: of anxiety for the dog and probably yourself, and it's

1676
01:22:17,492 --> 01:22:19,173
Speaker 2: going to tear the house apart. And then if you

1677
01:22:19,293 --> 01:22:21,572
Speaker 2: ever get into a position where you say I can't

1678
01:22:21,612 --> 01:22:24,093
Speaker 2: handle this dog and give it up to me, that

1679
01:22:24,412 --> 01:22:26,612
Speaker 2: is you know, I just I can't get my head

1680
01:22:26,612 --> 01:22:28,452
Speaker 2: around that. People that adopt a dog and then say

1681
01:22:28,492 --> 01:22:30,093
Speaker 2: it's too hard, I got to get rid of it. Clearly,

1682
01:22:30,093 --> 01:22:32,572
Speaker 2: if it's violent or it comes after a child, that's different.

1683
01:22:32,853 --> 01:22:35,692
Speaker 2: But just because it's too hard to handle, I think

1684
01:22:35,772 --> 01:22:39,293
Speaker 2: that's that's pretty disgusting in my opinion. But then you

1685
01:22:39,412 --> 01:22:41,372
Speaker 2: look at that yeah, sorry, you go.

1686
01:22:42,973 --> 01:22:45,732
Speaker 27: Yeah, people just need to do their research before they

1687
01:22:45,812 --> 01:22:49,253
Speaker 27: invest in this pet. You know, all breeds have a

1688
01:22:49,372 --> 01:22:52,892
Speaker 27: background pretty much. They're bred for certain traits over time

1689
01:22:53,572 --> 01:22:56,293
Speaker 27: and to be useful to humans pretty much. You know,

1690
01:22:56,412 --> 01:22:59,532
Speaker 27: So just do your research about exactly what you're buying.

1691
01:22:59,772 --> 01:23:01,932
Speaker 2: You know, what do you what do you do about

1692
01:23:01,933 --> 01:23:04,492
Speaker 2: the people that that never should own animals? You know,

1693
01:23:04,652 --> 01:23:07,452
Speaker 2: part of this this roaming dog situation, backyard breeding. They

1694
01:23:07,452 --> 01:23:09,692
Speaker 2: don't they don't give us stuff about the dogs that

1695
01:23:09,732 --> 01:23:12,333
Speaker 2: they've got in the backyard. What can you realistically do

1696
01:23:12,372 --> 01:23:15,213
Speaker 2: about those people? That's that's a tricky tricky you one, right,

1697
01:23:15,973 --> 01:23:18,532
Speaker 2: that the cost won't matter to them because that you

1698
01:23:18,612 --> 01:23:21,093
Speaker 2: know that the animal would would suffer it even if

1699
01:23:21,133 --> 01:23:23,333
Speaker 2: the costs go up, just means the dog's not going

1700
01:23:23,372 --> 01:23:25,532
Speaker 2: to get food or whatever else care it needs.

1701
01:23:27,093 --> 01:23:29,532
Speaker 27: To me, that's actually really simple. You just put the

1702
01:23:29,612 --> 01:23:32,412
Speaker 27: discretion at the dog control office. So who knows the

1703
01:23:32,492 --> 01:23:35,532
Speaker 27: local dogs and the local streets, and I'd just I'd

1704
01:23:35,572 --> 01:23:37,053
Speaker 27: be happy for him to make a call. Right, that

1705
01:23:37,173 --> 01:23:39,013
Speaker 27: dog's a menus and I don't trust it. It's in

1706
01:23:39,093 --> 01:23:41,572
Speaker 27: the back of the wagon, and she's a cheap fix.

1707
01:23:42,013 --> 01:23:44,412
Speaker 2: Yeah, fair enough, to Tom, thank you very much for

1708
01:23:44,772 --> 01:23:48,293
Speaker 2: giving us a buzz. So Tom said, someone's got to

1709
01:23:48,333 --> 01:23:50,253
Speaker 2: be the bad guy. Do you agree that some people

1710
01:23:50,333 --> 01:23:52,732
Speaker 2: should just not have animals? And if the price of

1711
01:23:52,853 --> 01:23:55,213
Speaker 2: owning an animal goes up and up and up, then

1712
01:23:55,333 --> 01:23:58,293
Speaker 2: maybe it's kind of self regulating that the only people

1713
01:23:58,372 --> 01:24:02,452
Speaker 2: that you have who are buying dogs or owning dogs

1714
01:24:02,933 --> 01:24:04,612
Speaker 2: are ones that are generally going to look after it

1715
01:24:04,652 --> 01:24:07,253
Speaker 2: and be good dog owners. Does that ring through? Ninety

1716
01:24:07,253 --> 01:24:10,812
Speaker 2: two is the text? Well, it is twelve past three.

1717
01:24:11,253 --> 01:24:14,452
Speaker 2: Back very surely, use dog said be it's a quarter

1718
01:24:14,532 --> 01:24:16,812
Speaker 2: past three, and we're talking about the cost of having

1719
01:24:16,933 --> 01:24:19,293
Speaker 2: an animal in New Zealand, particularly when it comes to

1720
01:24:19,572 --> 01:24:24,612
Speaker 2: vet bills. If you've had to take your dog, a cat, budgy,

1721
01:24:24,732 --> 01:24:27,532
Speaker 2: whatever into the vet recently, how shocked were you buy

1722
01:24:27,652 --> 01:24:29,333
Speaker 2: the bill? Love to hear from you old one hundred

1723
01:24:29,333 --> 01:24:31,093
Speaker 2: and eighty ten eighty is an able to call? Nine

1724
01:24:31,133 --> 01:24:32,612
Speaker 2: two nine two is the text as well. A couple

1725
01:24:32,652 --> 01:24:34,892
Speaker 2: of texts before we go back to the calls. Get

1726
01:24:34,973 --> 01:24:37,372
Speaker 2: Oo Tiler, our dog has diabetes. It costs US five

1727
01:24:37,492 --> 01:24:41,013
Speaker 2: hundred bucks a month for insulin. She is twelve years old.

1728
01:24:41,133 --> 01:24:43,293
Speaker 2: For Tim, that is a big cost. Five hundred bucks

1729
01:24:43,372 --> 01:24:46,053
Speaker 2: a month. This one suckers. If you have a pet,

1730
01:24:46,933 --> 01:24:50,293
Speaker 2: you need to not be held to ransom by vets.

1731
01:24:50,412 --> 01:24:52,972
Speaker 2: Let nature take its court. Of course, if the pet

1732
01:24:53,053 --> 01:24:56,692
Speaker 2: becomes ill, then let them go. Pet Owners are absolutely crazy.

1733
01:24:56,772 --> 01:24:59,333
Speaker 2: Most people would not even have insurance for themselves or

1734
01:24:59,412 --> 01:25:02,492
Speaker 2: their children. It is a rought. So keep those texts

1735
01:25:02,532 --> 01:25:04,892
Speaker 2: coming through A nine two nine two Sarah, how are

1736
01:25:04,933 --> 01:25:06,213
Speaker 2: you hi?

1737
01:25:06,452 --> 01:25:10,333
Speaker 21: Hello. I've been a pet owner for many, many years,

1738
01:25:10,452 --> 01:25:12,892
Speaker 21: pretty much since I was a teenager in first went setting,

1739
01:25:13,532 --> 01:25:16,972
Speaker 21: and we grew up with pets in the household as kids,

1740
01:25:18,093 --> 01:25:22,173
Speaker 21: and to me, it's you know, with I do have kids,

1741
01:25:22,213 --> 01:25:24,013
Speaker 21: and growing up through the years has been many of

1742
01:25:24,053 --> 01:25:28,293
Speaker 21: their friends that didn't have pets, and it's a real

1743
01:25:28,412 --> 01:25:32,052
Speaker 21: important part of the household. It's learning to look after something,

1744
01:25:33,173 --> 01:25:37,732
Speaker 21: being taught, you know, animals, living with animals, and just

1745
01:25:37,893 --> 01:25:42,892
Speaker 21: finding over the years with different parts of my work,

1746
01:25:42,933 --> 01:25:45,732
Speaker 21: I've come across people that don't have animals, and they're

1747
01:25:45,772 --> 01:25:50,933
Speaker 21: just the mentality and the outlook of someone's what's the

1748
01:25:50,973 --> 01:25:55,372
Speaker 21: words demeanor? If you like someone who hasn't animal, to

1749
01:25:55,452 --> 01:25:58,333
Speaker 21: someone who hasn't had an animal, I find their empathy

1750
01:25:58,412 --> 01:25:59,932
Speaker 21: is such a different level.

1751
01:26:01,372 --> 01:26:03,933
Speaker 2: I agree there, and study after study, I mean, the

1752
01:26:04,013 --> 01:26:05,772
Speaker 2: one I've just looked up is dog owners tend to

1753
01:26:05,853 --> 01:26:09,053
Speaker 2: live longer than non non dog owners. And you know

1754
01:26:09,173 --> 01:26:13,173
Speaker 2: this is across the course of the study, watching people

1755
01:26:13,213 --> 01:26:15,293
Speaker 2: for twenty years, but they found it was a twenty

1756
01:26:15,333 --> 01:26:18,253
Speaker 2: four percent lower risk of all cause mortality. And I've

1757
01:26:18,293 --> 01:26:21,093
Speaker 2: got some conclusions there, But I think I concur with

1758
01:26:21,173 --> 01:26:24,293
Speaker 2: you that having an animal, whether it's a dog, cats

1759
01:26:24,293 --> 01:26:25,732
Speaker 2: aren't for me, but they are for a lot of people.

1760
01:26:25,772 --> 01:26:28,892
Speaker 2: But there's a general sense of well being that comes

1761
01:26:28,933 --> 01:26:32,692
Speaker 2: with that animal that you know, I just couldn't put

1762
01:26:32,692 --> 01:26:34,293
Speaker 2: a cost on it, couldn't put a pass on that.

1763
01:26:35,133 --> 01:26:36,973
Speaker 21: And you know for some people that it might be

1764
01:26:37,133 --> 01:26:39,452
Speaker 21: that you and you draw the line, you know, what

1765
01:26:39,652 --> 01:26:42,612
Speaker 21: is too expensive? And except that you know, okay, well,

1766
01:26:42,612 --> 01:26:44,932
Speaker 21: well if that have a mouth had pit so many years,

1767
01:26:44,973 --> 01:26:48,852
Speaker 21: I've never had messes, vet girls touch would But I've

1768
01:26:48,893 --> 01:26:53,093
Speaker 21: also of the mindset that should it come to that

1769
01:26:53,253 --> 01:26:56,652
Speaker 21: and I cannot afford it, I have to be prepared

1770
01:26:56,692 --> 01:26:59,692
Speaker 21: to say goodbye. But I wouldn't like to not have

1771
01:26:59,853 --> 01:27:02,293
Speaker 21: all those years without an animal because it might cost

1772
01:27:02,372 --> 01:27:05,133
Speaker 21: so much, you know. I mean, that's the other thing

1773
01:27:05,173 --> 01:27:06,532
Speaker 21: is a lot of people say, oh no, I might

1774
01:27:06,652 --> 01:27:09,172
Speaker 21: end up with thirty five thousand all of that detourism

1775
01:27:09,213 --> 01:27:12,333
Speaker 21: from owning an animal, Whereas you know, I think that's

1776
01:27:12,412 --> 01:27:15,293
Speaker 21: really bad that people wouldn't have an animal just in

1777
01:27:15,452 --> 01:27:17,012
Speaker 21: case it might cost them a lot of money.

1778
01:27:17,213 --> 01:27:21,133
Speaker 2: Yeah. Well, I think most most animal owners, they might

1779
01:27:21,213 --> 01:27:23,133
Speaker 2: not think about it initially, but they come to the

1780
01:27:23,173 --> 01:27:26,293
Speaker 2: reality that they know they're going to outlive their pet, right,

1781
01:27:26,492 --> 01:27:29,253
Speaker 2: So that's something most animal owners think about when they

1782
01:27:29,333 --> 01:27:31,093
Speaker 2: take on a pet. You hope you're going to get

1783
01:27:31,293 --> 01:27:33,213
Speaker 2: as many years as you can, but on average for

1784
01:27:33,293 --> 01:27:36,372
Speaker 2: a dog, it's about eleven twelve years, so you know

1785
01:27:36,492 --> 01:27:38,852
Speaker 2: you're going to face that time eventually. But that is

1786
01:27:39,293 --> 01:27:42,852
Speaker 2: you know, for that grief when that time comes, compared

1787
01:27:42,893 --> 01:27:44,932
Speaker 2: to what you get for the well being and stress

1788
01:27:45,053 --> 01:27:47,612
Speaker 2: release and the happy times, that's that's an equation that's

1789
01:27:47,652 --> 01:27:48,173
Speaker 2: well worth.

1790
01:27:48,053 --> 01:27:49,492
Speaker 27: It, right, Yeah, for sure.

1791
01:27:49,612 --> 01:27:49,812
Speaker 6: Yeah.

1792
01:27:50,093 --> 01:27:52,253
Speaker 21: My daughter had rabbit after rabbit as a kurred and

1793
01:27:52,333 --> 01:27:54,293
Speaker 21: my husband used to get so upset when the animal

1794
01:27:54,333 --> 01:27:57,093
Speaker 21: would die. Oh, Amy's not having any more rabbits, you know.

1795
01:27:58,093 --> 01:27:59,372
Speaker 21: But I used to say to look at all the

1796
01:27:59,532 --> 01:28:01,692
Speaker 21: joy and you know, and that it britains of in

1797
01:28:01,732 --> 01:28:04,133
Speaker 21: the time that she has them, and an animal going

1798
01:28:04,253 --> 01:28:06,692
Speaker 21: is part of life, you know, And I think that

1799
01:28:06,853 --> 01:28:09,652
Speaker 21: you know, teaching kids that you know at some stage

1800
01:28:09,692 --> 01:28:11,972
Speaker 21: that animal, you're going to outlived that animal. I think

1801
01:28:11,973 --> 01:28:14,253
Speaker 21: it's just it's a good life still to learn too.

1802
01:28:14,652 --> 01:28:18,052
Speaker 2: Yeah, absolutely, it might be. Yeah, no, I agree, Sarah.

1803
01:28:18,093 --> 01:28:19,732
Speaker 2: Thank you very much for your call. I wait, one

1804
01:28:19,772 --> 01:28:22,852
Speaker 2: hundred and eighty ten eighty is that number? And I'll

1805
01:28:22,853 --> 01:28:24,652
Speaker 2: post a question before so, just having a chat to

1806
01:28:24,692 --> 01:28:27,093
Speaker 2: people out in the office, and the suggestion was if

1807
01:28:27,133 --> 01:28:30,572
Speaker 2: you want cheaper vet prices, then get out of the city.

1808
01:28:30,772 --> 01:28:33,093
Speaker 2: Is that really true that if you drive to a

1809
01:28:33,213 --> 01:28:35,452
Speaker 2: more rural VET you're going to get a better deal

1810
01:28:35,492 --> 01:28:37,293
Speaker 2: than what you pay in the city. If you found that,

1811
01:28:37,372 --> 01:28:39,732
Speaker 2: I wait, hundred eighty ten eighty is that number? Nine

1812
01:28:39,772 --> 01:28:41,612
Speaker 2: two niney two is the text? As well? A couple

1813
01:28:41,692 --> 01:28:43,532
Speaker 2: of texts before going to play some messages. Get a

1814
01:28:43,772 --> 01:28:47,772
Speaker 2: Tyler had pet insurance. It only covered fifteen hundred out

1815
01:28:47,812 --> 01:28:50,893
Speaker 2: of a fifteen thousand dollars operation. We sadly had to

1816
01:28:50,933 --> 01:28:52,973
Speaker 2: put our beloved dog down. The vet also advised that

1817
01:28:53,013 --> 01:28:55,812
Speaker 2: the odds of operation working were not very good. It's

1818
01:28:56,013 --> 01:28:59,932
Speaker 2: ten percent it covered. I mean, that seems like very

1819
01:29:00,053 --> 01:29:03,852
Speaker 2: poor coverage when it comes to pet insurance, get Tyler.

1820
01:29:03,893 --> 01:29:06,012
Speaker 2: My vet gives me options, and because I have insurance,

1821
01:29:06,053 --> 01:29:08,213
Speaker 2: I have the option to do everything. But you don't

1822
01:29:08,412 --> 01:29:11,772
Speaker 2: have to. You can do what's in your budget. And

1823
01:29:11,933 --> 01:29:15,092
Speaker 2: this one here. If you are responsible, you get pet insurance.

1824
01:29:15,093 --> 01:29:17,053
Speaker 2: I have a small dog. Pay fifty dollars a month

1825
01:29:17,133 --> 01:29:20,173
Speaker 2: for comprehensive coverage. Annual vet visit is one hundred and

1826
01:29:20,253 --> 01:29:22,692
Speaker 2: sixty bucks. I buy good pet food. She has three

1827
01:29:22,812 --> 01:29:25,372
Speaker 2: toys and one bed which I got free. People forget

1828
01:29:25,452 --> 01:29:28,812
Speaker 2: these are animals. They don't need fancy, over the top nonsense.

1829
01:29:28,893 --> 01:29:31,293
Speaker 2: My daughter has a cat and a large dog. They

1830
01:29:31,333 --> 01:29:33,812
Speaker 2: are insurance. They are well fared and have very few

1831
01:29:33,853 --> 01:29:36,772
Speaker 2: toys and a happy and healthy animals a company. They

1832
01:29:36,933 --> 01:29:40,492
Speaker 2: give unconditional love and emotional support. But they are not children.

1833
01:29:40,652 --> 01:29:44,213
Speaker 2: Keep those texts coming through. It is twenty pass three.

1834
01:29:44,412 --> 01:29:45,893
Speaker 2: Back to your calls very shortly.

1835
01:29:49,973 --> 01:29:53,333
Speaker 1: Mad Heath and Tyler Adams afternoons call oh eight hundred

1836
01:29:53,333 --> 01:29:56,013
Speaker 1: and eighty ten eighty on Youth Talk ZB it.

1837
01:29:56,093 --> 01:29:59,572
Speaker 2: Is twenty two pass three. Blinda, you've just spent fifteen

1838
01:29:59,652 --> 01:30:00,812
Speaker 2: thousand dollars on your cat.

1839
01:30:01,853 --> 01:30:04,693
Speaker 23: I have indeed, yes, and what happened.

1840
01:30:05,692 --> 01:30:08,812
Speaker 28: Well, I took out insurance and my cat's four years old.

1841
01:30:08,973 --> 01:30:13,293
Speaker 28: Took out insurance just before Christmas, so three months ago

1842
01:30:14,293 --> 01:30:16,333
Speaker 28: he was having some breathing problems and I went to

1843
01:30:16,412 --> 01:30:19,812
Speaker 28: the local vet, who straightaway said things are not good

1844
01:30:20,253 --> 01:30:23,492
Speaker 28: and it's not something we can do. And I said, well,

1845
01:30:23,492 --> 01:30:25,612
Speaker 28: I've got insurance, so yeah, I have a referral to

1846
01:30:25,692 --> 01:30:29,532
Speaker 28: a specialist. Got to the specialist the same day, and

1847
01:30:29,612 --> 01:30:35,053
Speaker 28: by then he was really in respiratory distress, really and

1848
01:30:35,372 --> 01:30:39,932
Speaker 28: they said they would tap his chest and do blood

1849
01:30:40,173 --> 01:30:42,093
Speaker 28: and he would need a see tea scan to see

1850
01:30:42,133 --> 01:30:46,293
Speaker 28: if he had this condition called kylo thorax. So of

1851
01:30:46,333 --> 01:30:48,692
Speaker 28: course I've got insurance. I said, yes, you'll go ahead.

1852
01:30:49,732 --> 01:30:53,093
Speaker 28: And they did all that and said, yes, he's got kylothorax.

1853
01:30:53,692 --> 01:30:56,532
Speaker 28: There's a very sort of iffy operation. We can try

1854
01:30:57,692 --> 01:31:00,452
Speaker 28: fifty to fifty as to whether it would fix it

1855
01:31:00,572 --> 01:31:04,652
Speaker 28: or not. I thought, well, you know, I've got insurance.

1856
01:31:04,732 --> 01:31:07,173
Speaker 28: But it turned out the insurance maxed out just having

1857
01:31:07,293 --> 01:31:12,692
Speaker 28: the CT scan and all the investigations. The insurance only

1858
01:31:12,732 --> 01:31:16,852
Speaker 28: covered five thousand dollars and the operation was.

1859
01:31:16,893 --> 01:31:19,692
Speaker 2: Fifteen I'm so sorry, Belinda.

1860
01:31:20,572 --> 01:31:22,972
Speaker 28: By that stage, you're down the track. You know, you're

1861
01:31:23,013 --> 01:31:26,572
Speaker 28: down the track of having lots of investigations and you

1862
01:31:26,652 --> 01:31:30,532
Speaker 28: know they're saving your pet's life and they're in oxygen

1863
01:31:30,652 --> 01:31:33,412
Speaker 28: and you've got to make a decision, and you know,

1864
01:31:33,732 --> 01:31:37,253
Speaker 28: so we went with it. I mean, luckily today it

1865
01:31:37,372 --> 01:31:40,213
Speaker 28: looks like he's one of the fifty percent that has survived.

1866
01:31:41,692 --> 01:31:44,372
Speaker 28: So we're very happy. But I've had to find the

1867
01:31:44,452 --> 01:31:48,372
Speaker 28: fifteen thousand dollars that I wasn't expecting, and what.

1868
01:31:48,532 --> 01:31:50,572
Speaker 2: Was the quality of life? You know, as you said,

1869
01:31:50,612 --> 01:31:52,093
Speaker 2: it was fifty to fifty on whether it was going

1870
01:31:52,133 --> 01:31:53,412
Speaker 2: to work, and that that is a heck of a

1871
01:31:53,452 --> 01:31:56,173
Speaker 2: lot of money. But the if it does work, the

1872
01:31:56,293 --> 01:31:58,492
Speaker 2: quality of life is going to be good going forward

1873
01:31:58,492 --> 01:32:00,692
Speaker 2: because four years old forever a cad is still young.

1874
01:32:01,452 --> 01:32:05,093
Speaker 28: Yeah, that's good as far as they can say, but

1875
01:32:05,732 --> 01:32:08,053
Speaker 28: they said, you know, never say never. She's obviously a

1876
01:32:08,133 --> 01:32:10,173
Speaker 28: very good surgeon and she's done.

1877
01:32:10,053 --> 01:32:10,612
Speaker 18: A great job.

1878
01:32:12,372 --> 01:32:17,772
Speaker 28: But yeah, we just have to hope. And also, of course,

1879
01:32:17,812 --> 01:32:20,052
Speaker 28: the other thing is every time we're going for follow ups,

1880
01:32:21,933 --> 01:32:24,893
Speaker 28: it's more cost fifteen thousand pers of the operation, but

1881
01:32:25,013 --> 01:32:28,372
Speaker 28: not for follow ups. And he's still got a port

1882
01:32:28,452 --> 01:32:31,892
Speaker 28: in his chest that needs removing. So that'll be another

1883
01:32:31,973 --> 01:32:33,452
Speaker 28: cost in the next couple of weeks.

1884
01:32:33,853 --> 01:32:36,333
Speaker 2: Did you know what the cap was on the insurance

1885
01:32:36,412 --> 01:32:38,492
Speaker 2: or did that take you by surprise when they told you.

1886
01:32:38,572 --> 01:32:39,652
Speaker 28: It took me by surprise.

1887
01:32:39,933 --> 01:32:41,972
Speaker 2: Yeah, it seems five thousand.

1888
01:32:42,772 --> 01:32:45,052
Speaker 28: Yeah, I mean that was probably on me. I probably

1889
01:32:45,093 --> 01:32:47,372
Speaker 28: didn't look at that very closely when I first took

1890
01:32:47,412 --> 01:32:49,293
Speaker 28: it out, and I probably thought, ill, five thousand or

1891
01:32:49,333 --> 01:32:52,012
Speaker 28: cover most things I'll have to see a vet about

1892
01:32:52,053 --> 01:33:00,133
Speaker 28: from a cat. But yeah, it didn't even touch the surface. Fella. Yeah,

1893
01:33:00,333 --> 01:33:03,893
Speaker 28: it just it just got as far as investigations and

1894
01:33:04,013 --> 01:33:06,533
Speaker 28: by then you've put him through you know, an anesthetic

1895
01:33:06,692 --> 01:33:10,013
Speaker 28: for a CT scan and bloods and all sorts of

1896
01:33:10,053 --> 01:33:12,772
Speaker 28: you're thinking, what are you going to do then? Yeah, so,

1897
01:33:13,772 --> 01:33:16,612
Speaker 28: I mean so far looking at him at this moment,

1898
01:33:16,772 --> 01:33:20,972
Speaker 28: I'm I don't regret it at all. But it was yeah,

1899
01:33:21,093 --> 01:33:21,612
Speaker 28: big shop.

1900
01:33:22,013 --> 01:33:23,692
Speaker 2: Yeah, what what's your kid's name?

1901
01:33:24,652 --> 01:33:25,132
Speaker 28: Winston?

1902
01:33:25,333 --> 01:33:28,412
Speaker 2: Winston. That's a great name for a deet. Well, Belinda,

1903
01:33:28,572 --> 01:33:31,052
Speaker 2: all the best for Winston and really hoping it works

1904
01:33:31,053 --> 01:33:32,612
Speaker 2: out and he is one of the yeah, one of

1905
01:33:32,652 --> 01:33:35,652
Speaker 2: the fifty percent because at four years old, hopefully he's

1906
01:33:35,692 --> 01:33:38,253
Speaker 2: got a you know, a good long life ahead.

1907
01:33:38,293 --> 01:33:38,492
Speaker 17: Of him.

1908
01:33:38,492 --> 01:33:40,213
Speaker 2: And as you say, once you're down that track, you're

1909
01:33:40,253 --> 01:33:42,013
Speaker 2: just got to keep doing what you're doing for for

1910
01:33:42,133 --> 01:33:43,613
Speaker 2: a pet that's part of the family.

1911
01:33:43,372 --> 01:33:46,732
Speaker 28: Right, Yeah, absolutely, yeah, thank you, yeah.

1912
01:33:46,612 --> 01:33:48,852
Speaker 2: Thank you very much for your phone calling. All the best, Belinda.

1913
01:33:49,812 --> 01:33:51,812
Speaker 2: We'll get Craig in before the headlines get to Craig

1914
01:33:53,572 --> 01:33:53,932
Speaker 2: good night.

1915
01:33:54,973 --> 01:33:58,333
Speaker 20: I've always said dogs my whole life. Dogs on head

1916
01:33:59,133 --> 01:34:03,812
Speaker 20: they're not expensive. I'll never have job sure, and I

1917
01:34:03,893 --> 01:34:06,133
Speaker 20: would take take them to the bed when they had

1918
01:34:06,213 --> 01:34:08,653
Speaker 20: to go, but it became the surgery.

1919
01:34:09,133 --> 01:34:10,572
Speaker 10: I would do what I can afford.

1920
01:34:10,652 --> 01:34:13,532
Speaker 20: If I can't afford it, unfortunately, the dog would have

1921
01:34:13,612 --> 01:34:16,532
Speaker 20: to be put down or you know, if we can

1922
01:34:16,692 --> 01:34:19,692
Speaker 20: live a life to a point, you know, without the surgery.

1923
01:34:20,933 --> 01:34:26,173
Speaker 20: But they're not expensive. We never buy dog boat. My

1924
01:34:26,333 --> 01:34:30,333
Speaker 20: wife will get three cooked chickens, f nerves, the tissory

1925
01:34:30,412 --> 01:34:31,933
Speaker 20: parts and the supermarkets.

1926
01:34:32,412 --> 01:34:33,333
Speaker 11: And our little dogs.

1927
01:34:33,372 --> 01:34:35,333
Speaker 20: You know, you get them on marked down when they're

1928
01:34:35,372 --> 01:34:39,053
Speaker 20: nearly expire and the old stay a week and they

1929
01:34:39,133 --> 01:34:42,492
Speaker 20: live on chicken, cooked chicken, and it's great when you

1930
01:34:42,612 --> 01:34:47,532
Speaker 20: feed them. You ever picked as well, it's it's only

1931
01:34:48,732 --> 01:34:52,532
Speaker 20: dogs are expensive. Pets are expensive through the marketing for

1932
01:34:52,652 --> 01:34:54,612
Speaker 20: all the adverts and this type of thing.

1933
01:34:55,133 --> 01:34:57,133
Speaker 10: You know. The bet said we.

1934
01:34:57,253 --> 01:35:00,173
Speaker 20: Had to do work or one of our dogs teeth

1935
01:35:01,093 --> 01:35:03,532
Speaker 20: and it was going to cost what a horrendous amount

1936
01:35:03,572 --> 01:35:05,652
Speaker 20: of money, and I said, no, We'll just go down

1937
01:35:05,732 --> 01:35:08,692
Speaker 20: to the butcher and get some feedboat and the next

1938
01:35:08,732 --> 01:35:11,452
Speaker 20: time we were back to thee were right.

1939
01:35:11,973 --> 01:35:12,133
Speaker 10: You know.

1940
01:35:13,772 --> 01:35:15,532
Speaker 2: So I think you're right on the food thing. We

1941
01:35:15,853 --> 01:35:18,333
Speaker 2: get a little bit caught up. Most When I say

1942
01:35:18,372 --> 01:35:20,492
Speaker 2: we most pet owners, I think get a bit caught up.

1943
01:35:20,572 --> 01:35:22,852
Speaker 2: And you know what food is going to be best,

1944
01:35:22,973 --> 01:35:24,732
Speaker 2: and if I spend more, it means they're going to

1945
01:35:24,812 --> 01:35:27,173
Speaker 2: live longer. I think a lot of that is just

1946
01:35:27,293 --> 01:35:29,892
Speaker 2: bunk them right there. As you say, just feed him

1947
01:35:29,893 --> 01:35:32,052
Speaker 2: a few scraps, a bit of chickens, some cheap cobble.

1948
01:35:32,133 --> 01:35:32,772
Speaker 2: They should be right.

1949
01:35:33,532 --> 01:35:35,692
Speaker 20: I'll badge them as well, because we went from the

1950
01:35:36,053 --> 01:35:39,732
Speaker 20: from town to rural and yes, the rural bits a

1951
01:35:40,333 --> 01:35:41,253
Speaker 20: hell of a lot cheaper.

1952
01:35:42,213 --> 01:35:45,333
Speaker 2: Yeah, yeah, exactly. Quick question for you, Craig though, So

1953
01:35:45,532 --> 01:35:47,333
Speaker 2: you said, you know, you do what you do when

1954
01:35:47,372 --> 01:35:49,173
Speaker 2: you love your animals to bits. But if it got

1955
01:35:49,213 --> 01:35:51,812
Speaker 2: too expensive, if you got to put them down, what

1956
01:35:52,173 --> 01:35:53,852
Speaker 2: what would you put first? Would you put your car?

1957
01:35:54,013 --> 01:35:54,412
Speaker 2: Or your dog.

1958
01:35:56,853 --> 01:35:57,492
Speaker 10: I would.

1959
01:36:00,013 --> 01:36:02,093
Speaker 20: The dog first over my car.

1960
01:36:03,492 --> 01:36:04,572
Speaker 10: Absolutely I would.

1961
01:36:04,692 --> 01:36:07,652
Speaker 20: But if there was a surgery that needed to happen

1962
01:36:07,772 --> 01:36:10,412
Speaker 20: right there and then that I hadn't trying to sell

1963
01:36:10,532 --> 01:36:11,613
Speaker 20: the car or something.

1964
01:36:11,372 --> 01:36:12,972
Speaker 10: And I couldn't aford the surgery.

1965
01:36:13,093 --> 01:36:16,052
Speaker 20: Unfortunately, I'd never go into debt for my animal.

1966
01:36:16,293 --> 01:36:19,053
Speaker 2: Yeah, yep, no good answer, Greg. I'll put you on

1967
01:36:19,093 --> 01:36:20,852
Speaker 2: the spot there, mate, But that's a good answer. Thank

1968
01:36:20,893 --> 01:36:24,053
Speaker 2: you very much for giving me a buzz Go well mate.

1969
01:36:24,093 --> 01:36:26,772
Speaker 2: That is Craig's thoughts. So keen on yours. Oh, eight

1970
01:36:26,893 --> 01:36:29,173
Speaker 2: hundred and eighty ten eighty And just while I was

1971
01:36:29,173 --> 01:36:31,213
Speaker 2: having a chat to Craig, I looked up we've got

1972
01:36:31,572 --> 01:36:33,732
Speaker 2: pet insurance for our dog, and on the back of

1973
01:36:33,812 --> 01:36:35,732
Speaker 2: Belinda who said it tapped out at five K, I've

1974
01:36:35,812 --> 01:36:39,452
Speaker 2: just had a look and it turns out ours caps

1975
01:36:39,452 --> 01:36:41,772
Speaker 2: out at fifteen thousand dollars, which was far lower than

1976
01:36:41,812 --> 01:36:44,772
Speaker 2: I thought. I mean, that's enough to do what needs

1977
01:36:44,812 --> 01:36:47,173
Speaker 2: to be done in case of emergency, but still, you know,

1978
01:36:47,253 --> 01:36:49,812
Speaker 2: if you're paying upwards of thirty five forty K, then

1979
01:36:49,933 --> 01:36:52,652
Speaker 2: that's going on the mortgage at this stage, and in

1980
01:36:52,772 --> 01:36:54,972
Speaker 2: terms of how much we pay for it, about six

1981
01:36:55,093 --> 01:36:57,812
Speaker 2: hundred and thirty bucks a year. So if you've got

1982
01:36:57,893 --> 01:36:59,852
Speaker 2: pit insurance, do you think that is worth it? Or

1983
01:36:59,933 --> 01:37:02,013
Speaker 2: it's all just a bit of bunker and you're better

1984
01:37:02,093 --> 01:37:04,093
Speaker 2: to put money aside. Oh eight hundred eighty ten eighty

1985
01:37:04,213 --> 01:37:04,732
Speaker 2: is that number?

1986
01:37:04,933 --> 01:37:05,213
Speaker 15: It is?

1987
01:37:05,412 --> 01:37:07,973
Speaker 2: Bang on three thirty headlines with Raylene coming up.

1988
01:37:09,973 --> 01:37:14,012
Speaker 15: You've talk sab headlines with your Ride, New Zealand's number

1989
01:37:14,093 --> 01:37:18,692
Speaker 15: one taxi app. Download your Ride today. Police data shows

1990
01:37:18,772 --> 01:37:23,333
Speaker 15: cocaine use as climbed to overtake MDMA use with water

1991
01:37:23,492 --> 01:37:26,732
Speaker 15: testing for the last three months of twenty twenty five,

1992
01:37:27,293 --> 01:37:31,093
Speaker 15: indicating nine point four kilos were consumed every week. It's

1993
01:37:31,093 --> 01:37:34,852
Speaker 15: almost double the average for the year before. Our fuel

1994
01:37:34,893 --> 01:37:38,692
Speaker 15: supply remains stable, with an average forty six point nine

1995
01:37:38,772 --> 01:37:42,013
Speaker 15: days of petrol, diesel and jet fuel here or on

1996
01:37:42,173 --> 01:37:46,093
Speaker 15: its way. Seven ships carrying twenty day supply were expected

1997
01:37:46,333 --> 01:37:50,972
Speaker 15: between last Thursday and this Wednesday. Consumer ENZ says breaking

1998
01:37:51,093 --> 01:37:55,652
Speaker 15: up electricity gent tailors could lower power prices, but what's

1999
01:37:55,812 --> 01:38:01,492
Speaker 15: most needed is more generation facilities. Radiocarbon dating's confirmed human

2000
01:38:01,612 --> 01:38:04,652
Speaker 15: remains found in a Wellington garden in or Federal Bay

2001
01:38:05,213 --> 01:38:09,053
Speaker 15: come from the sixteen or seventeen hundreds and possibly pre

2002
01:38:09,213 --> 01:38:13,732
Speaker 15: European one end Z's again warning its customers using three

2003
01:38:13,853 --> 01:38:17,572
Speaker 15: G network phones they can't contact one one one anymore

2004
01:38:18,013 --> 01:38:21,812
Speaker 15: or use their phones for calls, texts or data. The

2005
01:38:21,933 --> 01:38:25,852
Speaker 15: All Blacks who performed best and wild round of Super Rugby.

2006
01:38:26,293 --> 01:38:30,253
Speaker 15: Read Phil Gifford's analysis at Endzed Herald Premium mack nowt

2007
01:38:30,253 --> 01:38:31,572
Speaker 15: to Matt Eathan Tyler Adams.

2008
01:38:31,652 --> 01:38:34,013
Speaker 2: Thank you very much, Rayleen. It is twenty six to

2009
01:38:34,173 --> 01:38:37,412
Speaker 2: four and we were We started off this conversation talking

2010
01:38:37,412 --> 01:38:39,852
Speaker 2: about the cost of having a pet in New Zealand,

2011
01:38:39,893 --> 01:38:43,093
Speaker 2: an article in the Herald that said, effectively, it is

2012
01:38:43,213 --> 01:38:46,812
Speaker 2: now something only the rich can do, is have a

2013
01:38:46,893 --> 01:38:50,692
Speaker 2: pet because it's too expensive. But it has as often

2014
01:38:50,732 --> 01:38:55,052
Speaker 2: these conversations do gone into the idea of pet insurance.

2015
01:38:55,173 --> 01:38:57,732
Speaker 2: Is that a wise thing to have considering the cost

2016
01:38:57,812 --> 01:38:59,572
Speaker 2: of some of these vet bills that are coming through

2017
01:38:59,732 --> 01:39:01,852
Speaker 2: on the phones and on the text message. Is that

2018
01:39:01,933 --> 01:39:04,612
Speaker 2: a wise investment if you are a pet owner? Or

2019
01:39:04,692 --> 01:39:07,093
Speaker 2: is it better just to put money aside into a

2020
01:39:07,133 --> 01:39:09,452
Speaker 2: different account and pay for it yourself. Oh eight hundred

2021
01:39:09,452 --> 01:39:11,572
Speaker 2: and eighty ten eighty is that number of call penny?

2022
01:39:11,652 --> 01:39:12,013
Speaker 2: How are you?

2023
01:39:13,133 --> 01:39:13,412
Speaker 6: Thank you?

2024
01:39:13,532 --> 01:39:17,772
Speaker 9: Tyler. We used to have insurance with our first Jet Russell.

2025
01:39:17,853 --> 01:39:20,612
Speaker 9: She's now passed. But we had an incident with our

2026
01:39:20,893 --> 01:39:23,612
Speaker 9: rag doll cat who's only two years old, at the

2027
01:39:23,692 --> 01:39:28,812
Speaker 9: Vet need Rushman on a Sunday and we were debating then,

2028
01:39:28,853 --> 01:39:30,612
Speaker 9: you know, do we get insurance for him because there

2029
01:39:30,652 --> 01:39:34,692
Speaker 9: are other Bujet Russells of fourteen and fifteen and thirteen,

2030
01:39:35,612 --> 01:39:36,972
Speaker 9: so they won't cover them anyway.

2031
01:39:37,013 --> 01:39:38,293
Speaker 28: But they gave us the.

2032
01:39:38,372 --> 01:39:43,572
Speaker 9: Other option of paying into their account, into the vet

2033
01:39:43,652 --> 01:39:47,933
Speaker 9: account and whatever money we could weekly, monthly, whatever punt that.

2034
01:39:48,093 --> 01:39:51,133
Speaker 9: So we paid twenty five dollars a week into that

2035
01:39:51,372 --> 01:39:53,253
Speaker 9: and it's a crude over.

2036
01:39:53,133 --> 01:39:54,173
Speaker 17: The last two years.

2037
01:39:54,293 --> 01:39:58,012
Speaker 9: So yeah, so we haven't used it, but it's there if.

2038
01:39:57,973 --> 01:39:58,612
Speaker 22: We need it, you know.

2039
01:39:59,053 --> 01:40:01,372
Speaker 2: Yeah, and we you know, I had a call from

2040
01:40:01,412 --> 01:40:05,333
Speaker 2: Belinda before, who'd spent fifteen thousand dollars on Winston her cat,

2041
01:40:06,013 --> 01:40:08,092
Speaker 2: but then got a bit of surprise when she realized

2042
01:40:08,133 --> 01:40:10,532
Speaker 2: the policy only paid out for five K. That stops

2043
01:40:10,572 --> 01:40:12,253
Speaker 2: that sort of malarchy, right, Penny.

2044
01:40:12,732 --> 01:40:15,972
Speaker 9: It certainly goes yeah, yeah, because we had that same

2045
01:40:16,053 --> 01:40:18,772
Speaker 9: instance was one of our jet Russells many many years ago,

2046
01:40:18,853 --> 01:40:21,892
Speaker 9: and I claimed and it would only cover I think

2047
01:40:22,093 --> 01:40:25,732
Speaker 9: eighty it covered to cover eighty percent, but it was

2048
01:40:25,812 --> 01:40:28,492
Speaker 9: quite a big bill, and you know, I sort of thought, then.

2049
01:40:30,692 --> 01:40:33,372
Speaker 2: Yeah you do, yeah, yeah, well you're still going to pay.

2050
01:40:33,412 --> 01:40:36,293
Speaker 2: I think most of the pet insurance policies, unless you're

2051
01:40:36,293 --> 01:40:38,692
Speaker 2: paying a heck of a lot in premiums, most of

2052
01:40:38,772 --> 01:40:42,012
Speaker 2: them are that cost yer situation. Right as you say

2053
01:40:42,173 --> 01:40:44,892
Speaker 2: that the insurance company will pack up eighty percent, you're

2054
01:40:44,973 --> 01:40:48,133
Speaker 2: left with twenty. So that still can be a considerable

2055
01:40:48,133 --> 01:40:50,412
Speaker 2: amount of money. If you're in that situation where it's

2056
01:40:50,492 --> 01:40:53,692
Speaker 2: you know, an operation, it's thirty grand, insurance picks up

2057
01:40:53,772 --> 01:40:56,053
Speaker 2: maybe twenty. If you've got a good cap, then you've

2058
01:40:56,053 --> 01:40:57,692
Speaker 2: still got to pick up you know whatever it is

2059
01:40:57,732 --> 01:40:59,452
Speaker 2: another five six k. That's a lot for a lot

2060
01:40:59,452 --> 01:41:01,133
Speaker 2: of people, that is a lot.

2061
01:41:01,253 --> 01:41:02,772
Speaker 9: You know, we had an instance. It was one of

2062
01:41:02,853 --> 01:41:05,692
Speaker 9: our jet Russells is now fifteen, and she was only

2063
01:41:05,732 --> 01:41:07,973
Speaker 9: a year old and she was down to hang a

2064
01:41:08,053 --> 01:41:11,372
Speaker 9: beach and she swallowed what we could figure was a jellyfish.

2065
01:41:11,532 --> 01:41:14,012
Speaker 9: So and we had to Russia in the next station.

2066
01:41:14,213 --> 01:41:16,812
Speaker 9: Was very, very sick and that cost us. You know,

2067
01:41:16,933 --> 01:41:19,372
Speaker 9: it was for fourteen you go, that cost us two

2068
01:41:19,372 --> 01:41:21,652
Speaker 9: and a half three grand. Then you know, we read

2069
01:41:21,692 --> 01:41:23,732
Speaker 9: direct the credit card, because that's the only way we

2070
01:41:23,772 --> 01:41:24,293
Speaker 9: could pay.

2071
01:41:24,173 --> 01:41:24,572
Speaker 18: For it, you know.

2072
01:41:24,772 --> 01:41:27,692
Speaker 2: Yeah, did you say to Hunah Beach, Yeah, that's a

2073
01:41:27,772 --> 01:41:30,773
Speaker 2: great beach for dogs, that back beach wonderful and Nelson.

2074
01:41:31,093 --> 01:41:32,173
Speaker 21: Oh yeah, I loved it.

2075
01:41:32,253 --> 01:41:34,133
Speaker 2: Yeah, oh yeah, love it. There that is dog heaven

2076
01:41:34,173 --> 01:41:36,452
Speaker 2: out there. Penny, thank you, thank you very much for

2077
01:41:36,532 --> 01:41:38,652
Speaker 2: your call. You like Penny, is insurance a bit of

2078
01:41:38,692 --> 01:41:40,053
Speaker 2: a have that you can get a bit of a

2079
01:41:40,093 --> 01:41:42,412
Speaker 2: surprise if you need to tap into it and realize

2080
01:41:42,452 --> 01:41:44,333
Speaker 2: the cover is not there. So it makes more sense

2081
01:41:44,492 --> 01:41:46,412
Speaker 2: just to have your own account or do you do

2082
01:41:46,492 --> 01:41:48,732
Speaker 2: away with it all together? And if you have to

2083
01:41:48,812 --> 01:41:51,452
Speaker 2: make a hard decision, well then you cross that bridge

2084
01:41:51,452 --> 01:41:52,973
Speaker 2: when you come to it. Oh, eight one hundred and

2085
01:41:53,013 --> 01:41:56,652
Speaker 2: eighty ten eighty is the number. We'll come to Sandra next.

2086
01:41:57,213 --> 01:41:59,492
Speaker 2: And Sandra wants to have a chat about the animal

2087
01:41:59,532 --> 01:42:02,013
Speaker 2: ownership and the costs as well. And I'll get to

2088
01:42:02,053 --> 01:42:03,372
Speaker 2: a few of your text of the coming through. It

2089
01:42:03,572 --> 01:42:04,452
Speaker 2: is twenty three to.

2090
01:42:04,492 --> 01:42:07,732
Speaker 1: Four a fresh take on took Back Matt Heath and

2091
01:42:07,812 --> 01:42:11,772
Speaker 1: Taylor at Afternoons with Skoda Place Go to codes every

2092
01:42:11,853 --> 01:42:15,053
Speaker 1: day at Skoda dot co dot nzre have your say

2093
01:42:15,093 --> 01:42:17,532
Speaker 1: on eight hundred and eighty ten eighty news dogs that

2094
01:42:17,692 --> 01:42:18,452
Speaker 1: b it.

2095
01:42:18,612 --> 01:42:20,372
Speaker 2: Is twenty to four. Get a Sundra.

2096
01:42:21,173 --> 01:42:21,692
Speaker 21: Hi, how are you?

2097
01:42:22,053 --> 01:42:23,452
Speaker 2: I'm good, keen on your thoughts.

2098
01:42:25,253 --> 01:42:29,652
Speaker 3: We had some Cross pet insurance for our rescue cat

2099
01:42:29,812 --> 01:42:35,013
Speaker 3: now rescue dog. Our cat's on a lesser policy than

2100
01:42:35,053 --> 01:42:39,293
Speaker 3: our dog, but we had quite a few problems with

2101
01:42:39,452 --> 01:42:42,052
Speaker 3: our dog and had to we live a new promise,

2102
01:42:42,173 --> 01:42:46,213
Speaker 3: had to go to Auckland to v day and doesn't

2103
01:42:46,253 --> 01:42:50,213
Speaker 3: Cross were wonderful. They we've got eighty twenty so they

2104
01:42:50,412 --> 01:42:55,333
Speaker 3: pay eighty percent. We pay twenty percent yep, and up

2105
01:42:55,412 --> 01:43:00,532
Speaker 3: to fifteen thousand dollars and they pay for because he's

2106
01:43:00,572 --> 01:43:04,692
Speaker 3: on a special diet of biscuits, and they pay for

2107
01:43:04,853 --> 01:43:06,612
Speaker 3: that up to three hundred bucks a year.

2108
01:43:06,692 --> 01:43:09,372
Speaker 2: I think it's not bad. What does it cost? What

2109
01:43:09,412 --> 01:43:11,812
Speaker 2: does it cost for the biscuits over over a year

2110
01:43:12,333 --> 01:43:13,532
Speaker 2: without that three hundred bucks?

2111
01:43:14,652 --> 01:43:15,652
Speaker 19: Oh good, I don't know.

2112
01:43:15,692 --> 01:43:17,173
Speaker 9: About fifty bucks are bad?

2113
01:43:17,372 --> 01:43:18,052
Speaker 17: Which last?

2114
01:43:18,492 --> 01:43:19,932
Speaker 22: I don't know a couple of months.

2115
01:43:20,412 --> 01:43:22,213
Speaker 2: Oh that's not bad. From the insurance company.

2116
01:43:22,893 --> 01:43:26,812
Speaker 3: Yeah, yeah, it's not cheap. But you also, if you've

2117
01:43:26,812 --> 01:43:31,173
Speaker 3: got health insurance for yourself, you get a discount through

2118
01:43:31,253 --> 01:43:33,293
Speaker 3: Southern Cross for pet insurance.

2119
01:43:33,333 --> 01:43:33,692
Speaker 10: As well.

2120
01:43:33,812 --> 01:43:35,532
Speaker 2: Yeah, the old multi policy discount.

2121
01:43:36,053 --> 01:43:36,253
Speaker 9: Yeah.

2122
01:43:36,532 --> 01:43:40,692
Speaker 3: Yeah, but Southern Cross I couldn't talk highly about because they,

2123
01:43:41,933 --> 01:43:46,372
Speaker 3: I mean, it costs us a fortune. Our dog's liver

2124
01:43:46,772 --> 01:43:49,532
Speaker 3: was breaking down or his body was broaken, his liver down,

2125
01:43:50,093 --> 01:43:52,772
Speaker 3: and hence we go to a country vet. They can't

2126
01:43:52,853 --> 01:43:54,412
Speaker 3: do that sort of thing because they don't have the

2127
01:43:54,452 --> 01:43:55,412
Speaker 3: facilities for it.

2128
01:43:56,333 --> 01:43:59,293
Speaker 2: Right, So that puts paid to you know, having a

2129
01:43:59,412 --> 01:44:01,213
Speaker 2: chat with people in the office saying you can get

2130
01:44:01,213 --> 01:44:02,812
Speaker 2: it cheaper at a rural VET than you can the

2131
01:44:02,893 --> 01:44:06,532
Speaker 2: city thet that might be true, but if it's something significant, yeah,

2132
01:44:06,612 --> 01:44:07,972
Speaker 2: you have to go to one of the big guys.

2133
01:44:08,452 --> 01:44:10,612
Speaker 3: Yeah, well looks quite funny because they use a lot

2134
01:44:10,652 --> 01:44:14,612
Speaker 3: of public or private hospitals. The see tea scans and

2135
01:44:14,692 --> 01:44:17,772
Speaker 3: that's sort of thing where humans get c T skins is.

2136
01:44:18,053 --> 01:44:19,293
Speaker 19: Right, yeah.

2137
01:44:20,772 --> 01:44:24,933
Speaker 3: Scan, Yeah, it's got hospital is it scot Hospital and

2138
01:44:25,053 --> 01:44:28,492
Speaker 3: or somewhere like that. They take animals there when the

2139
01:44:28,572 --> 01:44:29,572
Speaker 3: humans aren't here.

2140
01:44:32,173 --> 01:44:32,372
Speaker 16: Vet.

2141
01:44:32,572 --> 01:44:36,253
Speaker 3: No, I didn't either, but vets don't have those sort

2142
01:44:36,293 --> 01:44:37,093
Speaker 3: of facilities.

2143
01:44:38,173 --> 01:44:40,012
Speaker 22: So yeah, quite.

2144
01:44:40,572 --> 01:44:44,132
Speaker 3: Learned quite a bit in that time. But our dog's

2145
01:44:44,213 --> 01:44:50,812
Speaker 3: still alive and doing good, and we coppers meals, we

2146
01:44:51,013 --> 01:44:54,972
Speaker 3: cook them tricken, comera, carrots, broccoli and rice.

2147
01:44:55,372 --> 01:44:55,652
Speaker 2: Geez.

2148
01:44:55,692 --> 01:44:58,973
Speaker 3: A lucky dog, yeah, and just mooly it all up

2149
01:44:59,213 --> 01:45:00,532
Speaker 3: and that's for dinner.

2150
01:45:00,812 --> 01:45:03,412
Speaker 2: Nice. Sounds like a very lucky dog. And glad that

2151
01:45:03,492 --> 01:45:05,492
Speaker 2: he's doing well now, Sundra. And as you say that

2152
01:45:05,652 --> 01:45:08,772
Speaker 2: insurance can be peace of mind. That eighty twenty cost

2153
01:45:09,293 --> 01:45:12,852
Speaker 2: payment situation. Yeah, you might still have a bill, but

2154
01:45:13,213 --> 01:45:14,852
Speaker 2: it's only going to be twenty percent instead of one

2155
01:45:14,893 --> 01:45:18,052
Speaker 2: hundred percent, So that works obviously for people like Sandra Kevin.

2156
01:45:18,093 --> 01:45:22,293
Speaker 25: How are you good afternoon, Tyler. We had a cat.

2157
01:45:22,893 --> 01:45:26,333
Speaker 25: His name is Monty. He lived for eighteen years. He'd

2158
01:45:26,412 --> 01:45:29,333
Speaker 25: only been to the vet once he had fixed up.

2159
01:45:30,213 --> 01:45:34,732
Speaker 25: He was well looked after. And what finally made us

2160
01:45:35,853 --> 01:45:42,173
Speaker 25: have to send them across the Rainbow Bridge was the

2161
01:45:42,253 --> 01:45:46,013
Speaker 25: fact that he had lost his mind and he was

2162
01:45:46,053 --> 01:45:51,173
Speaker 25: an old cat. He was a gift to my mississes

2163
01:45:51,853 --> 01:45:54,893
Speaker 25: for her birthday. But he was a brilliant cat. He

2164
01:45:55,013 --> 01:45:57,253
Speaker 25: never walked away from the property, and we live in

2165
01:45:57,333 --> 01:46:01,492
Speaker 25: the Tokaraha area. He never walked away. He used to

2166
01:46:01,652 --> 01:46:04,012
Speaker 25: chase rabbits over the back of the paddock and everything,

2167
01:46:04,452 --> 01:46:06,532
Speaker 25: and whatever he did with those rabbits, we don't know,

2168
01:46:06,772 --> 01:46:09,692
Speaker 25: and we don't want to know, but care is the

2169
01:46:09,853 --> 01:46:16,652
Speaker 25: major thing to all your pets. You know, if you

2170
01:46:17,013 --> 01:46:20,412
Speaker 25: if you if you've got a pet and you've got family,

2171
01:46:20,532 --> 01:46:23,412
Speaker 25: and you look after that pet more than family, then

2172
01:46:23,492 --> 01:46:27,572
Speaker 25: that's a bad thing. And like dog owners et cetera.

2173
01:46:28,452 --> 01:46:32,692
Speaker 25: You know, it's it's really hard on the on the

2174
01:46:32,812 --> 01:46:37,093
Speaker 25: family if you don't sort of mix your family with

2175
01:46:37,293 --> 01:46:40,053
Speaker 25: your pets. And then what I'm trying to say is,

2176
01:46:40,253 --> 01:46:42,452
Speaker 25: you know, if you're young and you've got a dog

2177
01:46:42,893 --> 01:46:45,933
Speaker 25: and you get a family, treat your family first, not

2178
01:46:46,133 --> 01:46:51,813
Speaker 25: like a dog. It's that's where a lot of animal cruelty,

2179
01:46:52,053 --> 01:46:55,293
Speaker 25: et cetera comes in because Okay, here comes a new

2180
01:46:55,372 --> 01:46:59,333
Speaker 25: baby on the block and oh sorry, doggie or cat,

2181
01:47:00,133 --> 01:47:01,572
Speaker 25: you've got to got to move a sight.

2182
01:47:01,853 --> 01:47:04,812
Speaker 2: Yeah, and I think that hierarchy is would be for

2183
01:47:04,933 --> 01:47:07,412
Speaker 2: most people like Kevin that even if they don't have children,

2184
01:47:07,452 --> 01:47:10,173
Speaker 2: of a child comes along. As much as you love

2185
01:47:10,372 --> 01:47:11,772
Speaker 2: the dog with a cat and you spend lots of

2186
01:47:11,772 --> 01:47:14,532
Speaker 2: money on them, they drop down the hierarchy. That's just

2187
01:47:14,652 --> 01:47:16,972
Speaker 2: the way. Unfortunately it goes not to say you're still

2188
01:47:16,973 --> 01:47:19,293
Speaker 2: not looking after the dog or cat, they just have

2189
01:47:19,372 --> 01:47:20,652
Speaker 2: a less luxurious life.

2190
01:47:20,732 --> 01:47:20,852
Speaker 14: Right.

2191
01:47:21,452 --> 01:47:27,893
Speaker 25: But the other thing is they're all anatom anatomal innaturally

2192
01:47:28,372 --> 01:47:35,053
Speaker 25: correct to the human. They've all got hearts, lungs, livers, nerves, feelings,

2193
01:47:35,812 --> 01:47:38,652
Speaker 25: they've even got a voice box. And it's sort of

2194
01:47:38,772 --> 01:47:41,852
Speaker 25: like you know, if you you know, if you if

2195
01:47:42,293 --> 01:47:45,452
Speaker 25: you run over or possum, you think you don't care

2196
01:47:45,492 --> 01:47:49,013
Speaker 25: about it, but you know, possums are piece sec But

2197
01:47:49,133 --> 01:47:52,172
Speaker 25: we also had another cat who was really, really strange,

2198
01:47:52,692 --> 01:47:56,532
Speaker 25: and her name was Pipper. She went next door to

2199
01:47:56,612 --> 01:47:59,732
Speaker 25: the neighbors. She got mauled by the neighbors. We're talking

2200
01:47:59,812 --> 01:48:02,412
Speaker 25: down to the vets. That was twilve hundred dollars piece

2201
01:48:02,452 --> 01:48:07,852
Speaker 25: of cake, just pay it. And she always slept up

2202
01:48:07,973 --> 01:48:11,253
Speaker 25: in the rafters of the garage. And then one day

2203
01:48:11,532 --> 01:48:16,253
Speaker 25: she must have missed a sleep spotle or something, and

2204
01:48:16,412 --> 01:48:19,212
Speaker 25: she just fell down. She broke a hip in three places,

2205
01:48:19,732 --> 01:48:22,612
Speaker 25: broke five ribs, and we just got to put down

2206
01:48:22,652 --> 01:48:27,572
Speaker 25: straight away. But a vet said that I can fix her,

2207
01:48:27,973 --> 01:48:30,333
Speaker 25: but I have to take her up to aalkland. Now

2208
01:48:31,692 --> 01:48:34,213
Speaker 25: what sort of a bill would that be and what

2209
01:48:34,452 --> 01:48:37,372
Speaker 25: sort of a pain would that cat be in all

2210
01:48:37,492 --> 01:48:41,133
Speaker 25: that time until such time she was fixed, And if

2211
01:48:41,173 --> 01:48:44,333
Speaker 25: she was fixed, would still be the same cat and

2212
01:48:44,412 --> 01:48:48,093
Speaker 25: the archers knows, so I wented the vets. Sorry mate,

2213
01:48:48,133 --> 01:48:49,372
Speaker 25: put her down straight away.

2214
01:48:49,652 --> 01:48:52,692
Speaker 2: Fair enough to Kevin, but thank you very much for

2215
01:48:52,812 --> 01:48:55,452
Speaker 2: your call. Well, I always say, you know, that is

2216
01:48:55,893 --> 01:48:59,093
Speaker 2: what I'm seeing comes from the text that you might

2217
01:48:59,173 --> 01:49:01,852
Speaker 2: love the animal, but it's still an animal, and saying

2218
01:49:01,933 --> 01:49:04,173
Speaker 2: it's a part of the family, or it's almost like

2219
01:49:04,492 --> 01:49:07,092
Speaker 2: a fur baby is going too far and that's the problem.

2220
01:49:07,812 --> 01:49:11,452
Speaker 2: But I I think when it is when you don't

2221
01:49:11,492 --> 01:49:15,852
Speaker 2: have children and it is genuinely such a big part

2222
01:49:15,893 --> 01:49:18,133
Speaker 2: of your life, I think for most a lot of

2223
01:49:18,213 --> 01:49:20,492
Speaker 2: people with pets there you just do whatever it takes

2224
01:49:21,093 --> 01:49:25,492
Speaker 2: because the pain of losing them when they're so young

2225
01:49:26,013 --> 01:49:28,772
Speaker 2: and they could have a lot of quality life in

2226
01:49:28,853 --> 01:49:32,293
Speaker 2: front of them. Then for me anyway, a lot of

2227
01:49:32,293 --> 01:49:34,253
Speaker 2: people won't agree with this, but for me, I'd just

2228
01:49:34,333 --> 01:49:36,452
Speaker 2: pay whatever whatever it cost. If they could have a

2229
01:49:36,492 --> 01:49:39,253
Speaker 2: good quality of life and they still had a good

2230
01:49:39,372 --> 01:49:42,133
Speaker 2: six or seven years left, then that to me is

2231
01:49:42,213 --> 01:49:44,372
Speaker 2: part of the deal of having an animal. But what

2232
01:49:44,452 --> 01:49:46,812
Speaker 2: do you say, Oh, one hundred and eighty ten eighty

2233
01:49:47,053 --> 01:49:48,572
Speaker 2: is that number to call? We're going to get a

2234
01:49:48,652 --> 01:49:50,372
Speaker 2: Matthew before we go to play some messages get a

2235
01:49:50,452 --> 01:49:52,852
Speaker 2: Matthew Yeah, Tyler.

2236
01:49:53,293 --> 01:49:55,852
Speaker 18: Yeah, I just bring it up. I've had a few animals,

2237
01:49:55,933 --> 01:49:59,572
Speaker 18: a few dogs, and that the vets have been very

2238
01:49:59,652 --> 01:50:02,612
Speaker 18: good in that. But you can, I think, if you

2239
01:50:02,732 --> 01:50:05,293
Speaker 18: talk hard enough, if you can get cheaper options and

2240
01:50:05,412 --> 01:50:07,772
Speaker 18: they can ask for quote, and that too before and

2241
01:50:09,053 --> 01:50:12,372
Speaker 18: we could throw the cavea afterwards too, because a two

2242
01:50:12,532 --> 01:50:13,852
Speaker 18: years ago I had a dog and he had a

2243
01:50:13,893 --> 01:50:15,572
Speaker 18: bit of a twisted gap and I took them in

2244
01:50:15,692 --> 01:50:18,852
Speaker 18: one night. So it was after years and then the

2245
01:50:18,933 --> 01:50:21,333
Speaker 18: dog was only five years old. And I said that

2246
01:50:21,853 --> 01:50:24,932
Speaker 18: how much it was gonna cost? And she says, oh,

2247
01:50:25,333 --> 01:50:27,572
Speaker 18: she wasn't too sure, but it could cost fifteen hundred

2248
01:50:27,572 --> 01:50:28,772
Speaker 18: and two thousand dollars or something.

2249
01:50:29,532 --> 01:50:29,732
Speaker 24: Yep.

2250
01:50:30,213 --> 01:50:32,532
Speaker 18: I said, oh, I said how much it cost to

2251
01:50:32,532 --> 01:50:35,692
Speaker 18: put down? She says, oh, it's only seventy dollars. And

2252
01:50:35,853 --> 01:50:37,732
Speaker 18: I said I wasn't going to it, but I sort

2253
01:50:37,772 --> 01:50:39,732
Speaker 18: of I said, oh, they have to do that. But

2254
01:50:40,853 --> 01:50:42,372
Speaker 18: then she said, oh, I see, you can give me

2255
01:50:42,452 --> 01:50:44,892
Speaker 18: a quote. I said, I'm not get the operation done.

2256
01:50:45,572 --> 01:50:48,492
Speaker 18: It was only twelve hundred, twelve hundred and forty something dollars.

2257
01:50:48,532 --> 01:50:51,492
Speaker 18: So I got there, I mean three days later, they

2258
01:50:51,572 --> 01:50:53,013
Speaker 18: rang the app and I said the dog was right

2259
01:50:53,053 --> 01:50:54,652
Speaker 18: to take up. And I asked him how.

2260
01:50:54,612 --> 01:50:55,093
Speaker 10: Much it was.

2261
01:50:56,093 --> 01:50:59,852
Speaker 18: It was two thousand and six hundred and forty or something, right,

2262
01:51:00,093 --> 01:51:02,293
Speaker 18: I said, I said to them, I said, I said,

2263
01:51:02,293 --> 01:51:04,932
Speaker 18: I can't be that match. I see, I said, I'm

2264
01:51:04,933 --> 01:51:06,812
Speaker 18: not daily father. But I said, the other day, I've

2265
01:51:06,812 --> 01:51:08,772
Speaker 18: got a quote off. Isn't they twelve one hundred and

2266
01:51:08,853 --> 01:51:11,892
Speaker 18: forty again? And so yeah, I went back and they

2267
01:51:11,893 --> 01:51:13,333
Speaker 18: had a look and I said, oh, yeah, no, that's

2268
01:51:13,333 --> 01:51:13,572
Speaker 18: all right.

2269
01:51:15,812 --> 01:51:17,532
Speaker 2: Well, yeah, I mean a quote a quote, isn't it like?

2270
01:51:17,612 --> 01:51:20,213
Speaker 2: And now I get things can go different when it

2271
01:51:20,333 --> 01:51:23,092
Speaker 2: comes to healthcare, even for animals. But I'm with you, Matthew.

2272
01:51:23,372 --> 01:51:26,093
Speaker 2: Stay quote their twelve hundred. Then I'm going to be

2273
01:51:26,213 --> 01:51:28,812
Speaker 2: fighting for twelve hundred because that's what you're working towards.

2274
01:51:29,293 --> 01:51:30,852
Speaker 2: And then then if they blow it out by that

2275
01:51:30,973 --> 01:51:32,572
Speaker 2: sounds like they blow it out by double, you know,

2276
01:51:32,652 --> 01:51:33,933
Speaker 2: someone hang on them. And I would have made it.

2277
01:51:34,013 --> 01:51:36,013
Speaker 2: I could have made a different decision if you'd told

2278
01:51:36,093 --> 01:51:37,772
Speaker 2: me it was going to blow out by that much.

2279
01:51:38,532 --> 01:51:40,333
Speaker 18: Well, for those of it, they've got to pay the

2280
01:51:40,452 --> 01:51:42,452
Speaker 18: vents and in the business itself, put the bloody cover

2281
01:51:42,612 --> 01:51:44,892
Speaker 18: on told of that the pay for themselves. But there's

2282
01:51:44,933 --> 01:51:47,093
Speaker 18: also like last week a cook of cats under the

2283
01:51:47,213 --> 01:51:50,492
Speaker 18: vet and that made the bloody being fixed. But I

2284
01:51:50,572 --> 01:51:52,173
Speaker 18: must have had an accent. It's got a bloody and

2285
01:51:52,213 --> 01:51:55,133
Speaker 18: testa one that's come those and so I had to

2286
01:51:55,133 --> 01:51:57,412
Speaker 18: talk to the ved about getting it. They're all fixed up,

2287
01:51:57,532 --> 01:52:00,492
Speaker 18: and she wasn't too sure and I said, well, look,

2288
01:52:00,492 --> 01:52:02,812
Speaker 18: I'm not buying any more than seven hundred four it no,

2289
01:52:03,053 --> 01:52:05,772
Speaker 18: so no what cost quarner. But when she come back says, oh,

2290
01:52:06,612 --> 01:52:09,452
Speaker 18: it's going to be a thousand dollars. And then I

2291
01:52:09,612 --> 01:52:12,053
Speaker 18: asked her a bit I don't She said, well, the

2292
01:52:12,133 --> 01:52:15,012
Speaker 18: cats all right as well as it doesn't just keeping

2293
01:52:15,053 --> 01:52:18,972
Speaker 18: one and there's anything else that's roll with it, keep

2294
01:52:19,013 --> 01:52:21,772
Speaker 18: it quice on. But that's just how much you want

2295
01:52:21,772 --> 01:52:23,812
Speaker 18: to spend, as long as you look after them.

2296
01:52:23,853 --> 01:52:29,652
Speaker 2: And yeah, not nicely, said Matthew. Matthew Reckon. Sometimes you

2297
01:52:29,652 --> 01:52:31,772
Speaker 2: just got to put the hard word on the vets

2298
01:52:31,812 --> 01:52:34,013
Speaker 2: to know what the true cause is going to be. Now,

2299
01:52:34,013 --> 01:52:35,732
Speaker 2: I mentioned a little bit earlier that I'm not much

2300
01:52:35,732 --> 01:52:38,412
Speaker 2: of a cat person, more of a dog person. But

2301
01:52:38,532 --> 01:52:40,652
Speaker 2: Mum has been listening and she's actually sent through a

2302
01:52:40,692 --> 01:52:43,692
Speaker 2: photo of me and our family cat, Midnight. So some

2303
01:52:43,853 --> 01:52:46,053
Speaker 2: cats are pretty good. Midnight was a good cat, but

2304
01:52:46,133 --> 01:52:47,812
Speaker 2: in general more of a dog person. So thank you

2305
01:52:47,853 --> 01:52:50,133
Speaker 2: for sending that through Mum. Right back very shortly. It

2306
01:52:50,372 --> 01:52:51,452
Speaker 2: is ten to four.

2307
01:52:52,973 --> 01:52:56,132
Speaker 1: The big stories, the big issues, to the big trends

2308
01:52:56,293 --> 01:52:59,973
Speaker 1: and everything in between. Matt Heath and Tyler Adams. Afternoons,

2309
01:53:00,213 --> 01:53:01,012
Speaker 1: news talks.

2310
01:53:01,013 --> 01:53:05,213
Speaker 2: Be news talks, there'd be. It is seven to four, Anna, Marie,

2311
01:53:05,253 --> 01:53:06,212
Speaker 2: how are you this afternoon?

2312
01:53:07,293 --> 01:53:10,652
Speaker 8: I'm good? Thank you really excited about your topic.

2313
01:53:11,133 --> 01:53:13,572
Speaker 2: Good. Well, I'm glad you've given given me a buzz.

2314
01:53:13,692 --> 01:53:17,692
Speaker 2: So hear your thoughts on this dog ownership or pete ownership.

2315
01:53:17,812 --> 01:53:18,452
Speaker 2: Is it expensive?

2316
01:53:19,772 --> 01:53:24,293
Speaker 8: It's very expensive. So we don't have grandchildren. So we

2317
01:53:24,452 --> 01:53:28,532
Speaker 8: bought a puppy and got the pet insurance before we

2318
01:53:28,652 --> 01:53:32,293
Speaker 8: got the puppy, and lo and behold, a month after

2319
01:53:32,372 --> 01:53:35,732
Speaker 8: we had puppy he broke his leg. I hadn't even

2320
01:53:35,893 --> 01:53:38,812
Speaker 8: started paying the insurance yet because we got three months

2321
01:53:38,893 --> 01:53:43,293
Speaker 8: free and had to take into the vet. And that's fine,

2322
01:53:43,372 --> 01:53:47,772
Speaker 8: it wasn't too expensive. But then two years later he

2323
01:53:48,372 --> 01:53:51,213
Speaker 8: first of all lost his eye at the doggie day care.

2324
01:53:51,452 --> 01:53:55,532
Speaker 8: Oh t and yeah, so that was an operation to

2325
01:53:55,692 --> 01:53:59,132
Speaker 8: have that removed, and then he got the stomach allergy

2326
01:53:59,253 --> 01:54:03,213
Speaker 8: and went to a hospital. Spent twenty days there. Every

2327
01:54:03,412 --> 01:54:05,812
Speaker 8: day they tell you your bill is now this, and

2328
01:54:05,933 --> 01:54:08,253
Speaker 8: your bill is now that. I knew that Maccover was

2329
01:54:08,452 --> 01:54:12,012
Speaker 8: only fifteen thousands. So when we getting to the top

2330
01:54:12,053 --> 01:54:16,412
Speaker 8: of the cup, I'm going like Coco curtains. If anything happens, now, boy,

2331
01:54:16,532 --> 01:54:21,253
Speaker 8: you're going to be curtains. But anyway, they've found the reason,

2332
01:54:21,893 --> 01:54:26,333
Speaker 8: and so now he's on a special diet. And a

2333
01:54:26,452 --> 01:54:28,213
Speaker 8: month after that we had to take him back and

2334
01:54:28,333 --> 01:54:31,892
Speaker 8: I said to him, hey, you remember it's curtains. Well,

2335
01:54:32,013 --> 01:54:33,092
Speaker 8: he spent the night.

2336
01:54:33,053 --> 01:54:34,333
Speaker 23: And he was right his rain.

2337
01:54:34,573 --> 01:54:36,293
Speaker 2: He must have heard. He must have taken it in

2338
01:54:36,413 --> 01:54:38,253
Speaker 2: and said, this was my last shot. I'm not even

2339
01:54:38,293 --> 01:54:41,012
Speaker 2: a cat, and I've used up five of my nine lives.

2340
01:54:42,333 --> 01:54:45,333
Speaker 8: Yeah, but very expensive because he's on a special diet.

2341
01:54:45,733 --> 01:54:47,493
Speaker 2: How did he lose his eye at the dog here?

2342
01:54:47,573 --> 01:54:49,453
Speaker 2: What even there? I mean, you just you breezed over

2343
01:54:49,533 --> 01:54:51,012
Speaker 2: there quite a falonth.

2344
01:54:52,213 --> 01:54:54,453
Speaker 8: Yeah, the dogs are playing, you know how to play.

2345
01:54:54,573 --> 01:54:57,733
Speaker 8: And because he's a little chiwaba, his eye am the

2346
01:54:57,933 --> 01:55:03,093
Speaker 8: eyes of protruding. So they scratched it and we're here,

2347
01:55:03,333 --> 01:55:07,693
Speaker 8: have it removed because youve a blind already.

2348
01:55:07,373 --> 01:55:10,453
Speaker 2: At that stage, right, Yeah, well that is that is

2349
01:55:10,453 --> 01:55:12,533
Speaker 2: a tough start to life for a puppy and a Marie.

2350
01:55:12,853 --> 01:55:15,333
Speaker 2: But I'm glad. I'm glad he's doing well, now, is he?

2351
01:55:15,893 --> 01:55:16,693
Speaker 2: That's that's mind?

2352
01:55:17,293 --> 01:55:19,932
Speaker 8: Yeah, yees, you can yeah, you he's in the car

2353
01:55:20,133 --> 01:55:21,932
Speaker 8: in his car seats because he gets.

2354
01:55:24,653 --> 01:55:29,093
Speaker 2: Ah, you're great. What's his name, Coco? That's a great

2355
01:55:29,173 --> 01:55:32,453
Speaker 2: name for a Chihuahua. Yeah, well, Coco is very lucky

2356
01:55:32,533 --> 01:55:36,573
Speaker 2: that you're you picked him up as the owner and

2357
01:55:36,653 --> 01:55:44,053
Speaker 2: hopefully it's sorry Coco, all right, Coco doesn't like that.

2358
01:55:44,293 --> 01:55:47,693
Speaker 2: Thank you very much, Maria. What did I say? That's Coco?

2359
01:55:47,812 --> 01:55:50,133
Speaker 2: Often that I mean Chiuah was the lovely dogs, but

2360
01:55:50,213 --> 01:55:52,613
Speaker 2: they are pretty tippermental, so anything could have sit off

2361
01:55:52,693 --> 01:55:55,932
Speaker 2: with Coco. But thank you very much. Everyone who called

2362
01:55:56,053 --> 01:55:59,892
Speaker 2: and text on that discussion really enjoyed it. Coming up next,

2363
01:56:00,093 --> 01:56:02,373
Speaker 2: the great Hither to Police Allen. Now she's going to

2364
01:56:02,373 --> 01:56:04,972
Speaker 2: be talking to Don McKinnon, the chair of the Indy

2365
01:56:05,053 --> 01:56:07,733
Speaker 2: twenty Establishment Committee, about getting one step closer to making

2366
01:56:07,893 --> 01:56:11,013
Speaker 2: the missed test cricket dream a reality. That's going to

2367
01:56:11,013 --> 01:56:14,493
Speaker 2: be a fantastic interview coming up after four o'clock. But

2368
01:56:14,653 --> 01:56:17,053
Speaker 2: that is me for today. My mate Matt will be

2369
01:56:17,133 --> 01:56:19,453
Speaker 2: back with me tomorrow, but looking forward to your company

2370
01:56:19,573 --> 01:56:23,133
Speaker 2: again live from midday. Have a great night, oh and

2371
01:56:23,253 --> 01:56:25,772
Speaker 2: going out. We are playing My House at our house,

2372
01:56:25,812 --> 01:56:28,053
Speaker 2: I should say by madness, because of course we had

2373
01:56:28,093 --> 01:56:31,573
Speaker 2: a great discussion about renting versus buying, and it seems

2374
01:56:31,653 --> 01:56:33,892
Speaker 2: most people coming through saying you've got to buy a house,

2375
01:56:34,013 --> 01:56:36,213
Speaker 2: no doubt about it. Thank you once again, have a

2376
01:56:36,293 --> 01:56:38,012
Speaker 2: lovely evening. We'll see you Becky tomorrow.

2377
01:56:43,573 --> 01:56:46,133
Speaker 1: For more from News Talk st B, listen live on

2378
01:56:46,293 --> 01:56:49,213
Speaker 1: air or online, and keep our shows with you wherever

2379
01:56:49,293 --> 01:56:51,853
Speaker 1: you go with our podcasts on iHeartRadio.