web analytics

Targeting deceased estates, divorcees and dummies

Written By: - Date published: 11:06 am, May 6th, 2017 - 30 comments
Categories: capitalism, class war, housing - Tags: , , , , ,

Good work by Lane Nichols in The Herald, a window into the minds of what we must hope is small subset of “property investors”:

Auckland property investors urged to target deceased estates, ‘dummies’ and ‘divorcees’

Property investors are being encouraged in a tutorial video to exploit the “seven Ds” – which include targeting “deceased estates”, “divorcees” and “dummies” who don’t know the real value of their home.

The advice has “appalled” the country’s largest bank which is now reviewing its sponsorship of the organisation that distributed the video, Auckland Property Investors Association (APIA), and its national body.

The video by Auckland property tycoon Ron Hoy Fong titled How to make massive profit in today’s property market says “desperate” homeowners forced to sell cheaply before banks step in are also prime targets.

So are cash-strapped families who’ve lost their homes in mortgagee sales, developers on the brink of bankruptcy and motivated sellers under pressure from looming “deadlines”. …

Read on for plenty more if you have a strong stomach.

30 comments on “Targeting deceased estates, divorcees and dummies ”

  1. dukeofurl 1

    They work in league with the agents to put in multiple offers under different names- the phrase they use in the sales contract where the name goes is ..
    Ron Hoy or nominee ,Ron Fong or nominee

    • Molly 1.1

      I’ve always wondered, does this use of nominees allow them to flip the property without ever having their names on the title?

      I mean, can they quickly onsell during the settlement process and replace the name on the contract with that of the buyer?

  2. One Anonymous Bloke 2

    Oh he’s a JP too. Pillar of the community. Probably gives generously to charity (and the National Party).

  3. Keith 3

    I cannot believe this example of pure capitalism has appalled NZ’s largest bank. Banks love it. They will be secretly rolling around in such abhorrent behaviour likes pigs in shit, chinking the champagne glasses together and calculating their next bonus.

    I think they mistakenly believe that we as a country still have morals and so want to look like they are doing the right thing. We don’t or National would have been history a long time ago.

  4. greywarshark 4

    Disclaimer:
    Please note that Auckland Property Investors Association (APIA) and its national body,
    has nothing to do with bees (genus Apis of which its colonies or hives are called an Apiary). These are sometimes sold but not by members of APIA, who may be addressed however by many names starting with ‘B’. /sarc

  5. Tamati Tautuhi 5

    Just parasites bottom feeding on the Auckland Housing Ponzi Scheme ?

  6. Sanctuary 6

    Wow, serendipity! Just this morning I was driving down our street when I noticed a guy in a shirt and tie standing on the road talking to the very elderly fellow who lives a few doors up. I didn’t like the body language so I wound down the window and asked the old fella if he was OK and he told me the guy wouldn’t leave him alone and go away. I was disgusted, and told the guy to leave. At first I thought he was going to make an issue of it, then he just got in his real-estate company marked car and drove off.

    Fucking ghouls and parasites!

    • Dv 6.1

      Good work sanctuary
      Name the company

      • tinfoilhat 6.1.1

        Agreed name and shame.

      • dukeofurl 6.1.2

        They do the same when they have an exclusive agency and a buyer lined up for a vendor who thinks the price is too low.
        Brow beat them into signing the deal, even if it takes hours. They do this sort of thing ( negotiation !)for a living while many people have had the same house for 15 years or more.

    • Pete 6.2

      I read the first bit and thought it must’ve been David Seymour. Then I got to ‘real-estate company marked car’ and thought that it wouldn’t be him.

  7. Wensleydale 7

    This shouldn’t surprise anyone. It’s the reality behind the slick facade that is the property market. Whenever I read advertising copy from real estate agents claiming they’re “motivated to find the absolute best price for our vendors”, I just roll my eyes. You’re motivated by your fat commission, and lying about it just makes you seem all the more obnoxious, especially when the same agent ends up on-selling it on behalf of the new owners. Given the number of cases before the REAA disciplinary tribunal in recent years, behaving like a greasy, smirking ethical wasteland is par for the course.

    • simonm 7.1

      And if a complaint does ever make it to the REAA, and the agent is found guilty, they always get told “Gosh, you’ve been a naughty boy or girl! Don’t do it again.” They’re then let off with $500 fine which makes a huge dent in the $30,000 commission they’ve just earned from their fraudulent behaviour.

      • saveNZ 7.1.1

        Forget any justice. The REAA is full of people like Aaron Bhavnagar, devoted Natz cronies. Like everything else the Natz have their fingers in these groups to make sure it’s dysfunctional and just a front for a pretend complaints procedure.

  8. RedLogix 8

    Years ago my partner and I got invited to a dinner party full of real estate agents. Rarely does ones prejudices about a whole profession get so amply and memorably fulfilled.

  9. Herodotus 9

    Has anyone else twigged , whilst many are surviving on minimal pay increases of 0-2%, what pay increase have realestate agents received ?
    when Auckland house prices have increased 10-20% pa over the last few years
    https://www.barfoot.co.nz/market-reports/2016/april/auckland-house-prices
    Even if future prices increase “only” 5% many agents are doing better than those working within the productive sector, and there’s is no increase to GDP, yet many of us are helping in out GDP growth for minimal recognition. 🙁

  10. Whispering Kate 10

    We are invaded every week by Realtors – there isn’t a week where we don’t have three homes at least on sale in our small enclave of streets – its harassment and an invasion of privacy. Because we are close to private schools and a university the immigrants just love the area. We are down to three families of the original who moved into the area twenty years ago.

    I agree that the elderly are vulnerable and I think there should be a code of ethics for the Real Estate Industry. They remind me of vultures circling just waiting for a partner to pop their clogs and then move in for the kill. I tell them if they can get me twenty million I might think about it and to shove off. A persons home is not safe from these predators. I will give them one thing – they are bloody persistent to the extent they can’t take the hint and have thick skins. It’s getting worse every week we live here.

  11. Whispering Kate 11

    Test

  12. Whispering Kate 12

    The Real Estate Industry are a plague upon our houses. They just never give up and invade our privacy on a daily basis. Our area is always busy with houses being sold and then flicked on – we live in a transient society these days. Gone are the days of a neighbourhood where people knew one another. Being close to private schools and a university the area is known for being popular with new immigrants. They (the realtors) remind me of vultures circling just waiting for an unfortunate situation to arise or for a spouse to pop their clogs and then they will go in for the kill.

    I would have thought if one wanted to sell their home then they would get in touch with a Realtor – not so these days, these real estate agents push their noses into our lives and positively make us feel like we are not wanted in the neighbourhood and that we should bugger off. I have told them time and time again if they are prepared to give me twenty million I might think about it – they think I am joking unfortunately, but I am not. Can a citizen get a trespass order out on them I wonder. The letterbox is stuffed with their junk and they hover around like a bad smell.

    Shouldn’t there be a code of ethics for these pests – there needs to be.

  13. keepcalmcarryon 13

    Capitalism.
    Our system rewards these behaviors financially, why are we surprised?
    This is the dirty side of your Auckland house prices ticking up.
    Nobody spook the horses.

  14. JanM 14

    There’s nothing new in all of this – this was normal thinking for real estate agents from my memory of associating with a group of them in the 80s

  15. KJT 15

    Well. When you have a Government which targets the poor, the homeless and the ill.

    To benefit the wealthy and the greedy.

    Real Estate agents are just following the example from the top.

  16. Wainwright 16

    Why “hope it’s a small subset”? This is the kind of behaviour capitalism rewards. The guy’s only crime is he ssaid it more openly than the rest of his crew. Owning a rental property isn’t a bad thing, but as soon as you thhink of yourself as ‘a property investor’ you’re well onthe slippery slope to slumlord status.

  17. John L 17

    So, what’s new? This has been going on almost as long as there’ve been real estate companies. Just now, there are more of them and it’s become more blatant. The number of “Realtors” on the North Shore who made fortunes doing this scullduggery back in the 70’s – 90’s (as long as I was there, before I headed for the bush, far away) are many….browbeat, recommend a deflated price, bought up by a mate who was often another agent (he’d do the same for you), then flick it on at top dollar……easy money. Ethical? Moral? No – but that’s the way it often works. They have to pay for their Mercs and beach homes somehow………

Recent Comments

Recent Posts

  • World-leading family harm prevention campaign supports young NZers
    Associate Minister for Social Development and Employment Priyanca Radhakrishnan has today launched the Love Better campaign in a world-leading approach to family harm prevention. Love Better will initially support young people through their experience of break-ups, developing positive and life-long attitudes to dealing with hurt. “Over 1,200 young kiwis told ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • First Chief Clinical Advisor welcomed into Coroners Court
    Hon Rino Tirikatene, Minister for Courts, welcomes the Ministry of Justice’s appointment of Dr Garry Clearwater as New Zealand’s first Chief Clinical Advisor working with the Coroners Court. “This appointment is significant for the Coroners Court and New Zealand’s wider coronial system.” Minister Tirikatene said. Through Budget 2022, the Government ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Next steps for affected properties post Cyclone and floods
    The Government via the Cyclone Taskforce is working with local government and insurance companies to build a picture of high-risk areas following Cyclone Gabrielle and January floods. “The Taskforce, led by Sir Brian Roche, has been working with insurance companies to undertake an assessment of high-risk areas so we can ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • New appointment to Māori Land Court bench
    E te huia kaimanawa, ko Ngāpuhi e whakahari ana i tau aupikinga ki te tihi o te maunga. Ko te Ao Māori hoki e whakanui ana i a koe te whakaihu waka o te reo Māori i roto i te Ao Ture. (To the prized treasure, it is Ngāpuhi who ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Government focus on jobs sees record number of New Zealanders move from Benefits into work
    113,400 exits into work in the year to June 2022 Young people are moving off Benefit faster than after the Global Financial Crisis Two reports released today by the Ministry of Social Development show the Government’s investment in the COVID-19 response helped drive record numbers of people off Benefits and ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Vertical farming partnership has upward momentum
    The Government’s priority to keep New Zealand at the cutting edge of food production and lift our sustainability credentials continues by backing the next steps of a hi-tech vertical farming venture that uses up to 95 per cent less water, is climate resilient, and pesticide-free. Agriculture Minister Damien O’Connor visited ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Conference of Pacific Education Ministers – Keynote Address
    E nga mana, e nga iwi, e nga reo, e nga hau e wha, tena koutou, tena koutou, tena koutou kātoa. Warm Pacific greetings to all. It is an honour to host the inaugural Conference of Pacific Education Ministers here in Tāmaki Makaurau. Aotearoa is delighted to be hosting you ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New $13m renal unit supports Taranaki patients
    The new renal unit at Taranaki Base Hospital has been officially opened by the Minister of Health Dr Ayesha Verrall this afternoon. Te Huhi Raupō received around $13 million in government funding as part of Project Maunga Stage 2, the redevelopment of the Taranaki Base Hospital campus. “It’s an honour ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Second Poseidon aircraft on home soil
    Defence Minister Andrew Little has marked the arrival of the country’s second P-8A Poseidon aircraft alongside personnel at the Royal New Zealand Air Force’s Base at Ohakea today. “With two of the four P-8A Poseidons now on home soil this marks another significant milestone in the Government’s historic investment in ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Further humanitarian aid for TĂźrkiye and Syria
    Aotearoa New Zealand will provide further humanitarian support to those seriously affected by last month’s deadly earthquakes in Türkiye and Syria, says Foreign Minister Nanaia Mahuta. “The 6 February earthquakes have had devastating consequences, with almost 18 million people affected. More than 53,000 people have died and tens of thousands more ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Community voice to help shape immigration policy
    Migrant communities across New Zealand are represented in the new Migrant Community Reference Group that will help shape immigration policy going forward, Immigration Minister Michael Wood announced today.  “Since becoming Minister, a reoccurring message I have heard from migrants is the feeling their voice has often been missing around policy ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • State Highway 3 project to deliver safer journeys, better travel connections for Taranaki
    Construction has begun on major works that will deliver significant safety improvements on State Highway 3 from Waitara to Bell Block, Associate Minister of Transport Kiri Allan announced today. “This is an important route for communities, freight and visitors to Taranaki but too many people have lost their lives or ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Ginny Andersen appointed as Minister of Police
    Prime Minister Chris Hipkins has today appointed Ginny Andersen as Minister of Police. “Ginny Andersen has a strong and relevant background in this important portfolio,” Chris Hipkins said. “Ginny Andersen worked for the Police as a non-sworn staff member for around 10 years and has more recently been chair of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government confirms vital roading reconnections
    Six further bailey bridge sites confirmed Four additional bridge sites under consideration 91 per cent of damaged state highways reopened Recovery Dashboards for impacted regions released The Government has responded quickly to restore lifeline routes after Cyclone Gabrielle and can today confirm that an additional six bailey bridges will ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Foreign Minister Mahuta to meet with China’s new Foreign Minister
    Foreign Minister Nanaia Mahuta departs for China tomorrow, where she will meet with her counterpart, State Councillor and Foreign Minister Qin Gang, in Beijing. This will be the first visit by a New Zealand Minister to China since 2019, and follows the easing of COVID-19 travel restrictions between New Zealand and China. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Education Ministers from across the Pacific gather in Aotearoa
    Education Ministers from across the Pacific will gather in Tāmaki Makaurau this week to share their collective knowledge and strategic vision, for the benefit of ākonga across the region. New Zealand Education Minister Jan Tinetti will host the inaugural Conference of Pacific Education Ministers (CPEM) for three days from today, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • State Highway 5 reopens between Napier and Taupō following Cyclone Gabrielle
    A vital transport link for communities and local businesses has been restored following Cyclone Gabrielle with the reopening of State Highway 5 (SH5) between Napier and Taupō, Associate Minister of Transport Kiri Allan says. SH5 reopened to all traffic between 7am and 7pm from today, with closure points at SH2 (Kaimata ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Special Lotto draw raises $11.7 million for Cyclone Gabrielle recovery
    Internal Affairs Minister Barbara Edmonds has thanked generous New Zealanders who took part in the special Lotto draw for communities affected by Cyclone Gabrielle. Held on Saturday night, the draw raised $11.7 million with half of all ticket sales going towards recovery efforts. “In a time of need, New Zealanders ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government delivers a $3 million funding boost for Building Financial Capability services
    The Government has announced funding of $3 million for providers to help people, and whānau access community-based Building Financial Capability services. “Demand for Financial Capability Services is growing as people face cost of living pressures. Those pressures are increasing further in areas affected by flooding and Cyclone Gabrielle,” Minister for ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Education New Zealand | Manapou ki te Ao – new Chair and member
    Minister of Education, Hon Jan Tinetti, has announced appointments to the Board of Education New Zealand | Manapou ki te Ao. Tracey Bridges is joining the Board as the new Chair and Dr Therese Arseneau will be a new member. Current members Dr Linda Sissons CNZM and Daniel Wilson have ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Scholarships honouring Ngarimu VC and the 28th (Māori) Battalion announced
    Fifteen ākonga Māori from across Aotearoa have been awarded the prestigious Ngarimu VC and 28th (Māori) Battalion Memorial Scholarships and Awards for 2023, Associate Education Minister and Ngarimu Board Chair, Kelvin Davis announced today.  The recipients include doctoral, masters’ and undergraduate students. Three vocational training students and five wharekura students, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Appointment of Judge of the Court of Appeal and Judge of the High Court
    High Court Judge Jillian Maree Mallon has been appointed a Judge of the Court of Appeal, and District Court Judge Andrew John Becroft QSO has been appointed a Judge of the High Court, Attorney‑General David Parker announced today. Justice Mallon graduated from Otago University in 1988 with an LLB (Hons), and with ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ still well placed to meet global challenges
    The economy has continued to show its resilience despite today’s GDP figures showing a modest decline in the December quarter, leaving the Government well positioned to help New Zealanders face cost of living pressures in a challenging global environment. “The economy had grown strongly in the two quarters before this ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Western Ring Route Complete
    Aucklanders now have more ways to get around as Transport Minister Michael Wood opened the direct State Highway 1 (SH1) to State Highway 18 (SH18) underpass today, marking the completion of the 48-kilometre Western Ring Route (WRR). “The Government is upgrading New Zealand’s transport system to make it safer, more ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Briefings to Incoming Ministers
    This section contains briefings received by incoming ministers following changes to Cabinet in January. Some information may have been withheld in accordance with the Official Information Act 1982. Where information has been withheld that is indicated within the document. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Teaming up for a stronger, more resilient Fiji
    Aotearoa New Zealand Foreign Affairs Minister Nanaia Mahuta reaffirmed her commitment to working together with the new Government of Fiji on issues of shared importance, including on the prioritisation of climate change and sustainability, at a meeting today, in Nadi. Fiji and Aotearoa New Zealand’s close relationship is underpinned by the Duavata ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Investment in blue highway a lifeline for regional economies and cyclone recovery
    The Government is delivering a coastal shipping lifeline for businesses, residents and the primary sector in the cyclone-stricken regions of Hawkes Bay and Tairāwhiti, Regional Development Minister Kiri Allan announced today. The Rangitata vessel has been chartered for an emergency coastal shipping route between Gisborne and Napier, with potential for ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Next steps developing clean energy for NZ
    The Government will progress to the next stage of the NZ Battery Project, looking at the viability of pumped hydro as well as an alternative, multi-technology approach as part of the Government’s long term-plan to build a resilient, affordable, secure and decarbonised energy system in New Zealand, Energy and Resources ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement from the Prime Minister on Stuart Nash
    This morning I was made aware of a media interview in which Minister Stuart Nash criticised a decision of the Court and said he had contacted the Police Commissioner to suggest the Police appeal the decision. The phone call took place in 2021 when he was not the Police Minister. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • CPTPP Trade Ministers coming to Auckland
    The Government’s sharp focus on trade continues with Aotearoa New Zealand set to host Trade Ministers and delegations from 10 Asia Pacific economies at a meeting of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission members in July, Minister for Trade and Export Growth Damien O’Connor announced today. “New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt approves $25 million extension for cyclone-affected businesses
    $25 million boost to support more businesses with clean-up in cyclone affected regions, taking total business support to more than $50 million Demand for grants has been strong, with estimates showing applications will exceed the initial $25 million business support package Grants of up to a maximum of $40,000 per ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More than 160,000 new Kiwis to call NZ home
    80 per cent of 2021 Resident Visas applications have been processed – three months ahead of schedule Residence granted to 160,000 people 84,000 of 85,000 applications have been approved Over 160,000 people have become New Zealand residents now that 80 per cent of 2021 Resident Visa (2021RV) applications have been ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Scholarships propel Kiwi students to NASA
    The Government continues to invest in New Zealand’s burgeoning space industry, today announcing five scholarships for Kiwi Students to undertake internships at NASA’s Jet Propulsion Laboratory (JPL) in California. Economic Development Minister Stuart Nash congratulated Michaela Dobson (University of Auckland), Leah Albrow (University of Canterbury) and Jack Naish, Celine Jane ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to attend regional security meeting in Australia
    The Lead Coordination Minister for the Government’s Response to the Royal Commission’s Report into the Terrorist Attack on the Christchurch Mosques travels to Melbourne, Australia today to represent New Zealand at the fourth Sub-Regional Meeting on Counter-Terrorism and Transnational Security. “The Government is committed to reducing the threat of terrorism ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Health and safety action plan for ports
    The health and safety practices at our nation’s ports will be improved as part of a new industry-wide action plan, Workplace Relations and Safety, and Transport Minister Michael Wood has announced. “Following the tragic death of two port workers in Auckland and Lyttelton last year, I asked the Port Health ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Bikes and scooters to be exempt from FBT
    Bikes, electric bikes and scooters will be added to the types of transport exempted from fringe benefit tax under changes proposed today. Revenue Minister David Parker said the change would allow bicycles, electric bicycles, scooters, electric scooters, and micro-mobility share services to be exempt from fringe benefit tax where they ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Foreign Affairs Minister to reaffirm our close relationship with Fiji
    Foreign Affairs Minister Nanaia Mahuta will hold bilateral meetings with Fiji this week. The visit will be her first to the country since the election of the new coalition Government led by Prime Minister and Minister of Foreign Affairs Sitiveni Rabuka. The visit will be an opportunity to meet kanohi ki ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New legislation to streamline Cyclone recovery
    The Government is introducing the Severe Weather Emergency Legislation Bill to ensure the recovery and rebuild from Cyclone Gabrielle is streamlined and efficient with unnecessary red tape removed. The legislation is similar to legislation passed following the Christchurch and Kaikōura earthquakes that modifies existing legislation in order to remove constraints ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cost of living package: More bread and butter support for Kiwi families
    Approximately 1.4 million people will benefit from increases to rates and thresholds for social assistance to help with the cost of living Superannuation to increase by over $100 a pay for a couple Main benefits to increase by the rate of inflation, meaning a family on a benefit with children ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Freeing up more government bandwidth and money to focus on the cost of living
    $1 billion in savings which will be reallocated to support New Zealanders with the cost of living A range of transport programmes deferred so Waka Kotahi can focus on post Cyclone road recovery Speed limit reduction programme significantly narrowed to focus on the most dangerous one per cent of state ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2023-03-22T03:31:58+00:00