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

    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
    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


  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

    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

  • Equitable response to Omicron vital
    The Green Party supports the Government’s decision to move Aotearoa New Zealand to traffic light level Red at 11.59pm tonight, but says its success will depend on the support that is made available to the most vulnerable. ...
    59 mins ago
  • How we’re preparing for Omicron
    As countries around the world experience Omicron outbreaks, we’re taking steps now to ensure we’re as prepared as possible and our communities are protected. ...
    3 days ago
  • What’s Labour achieved so far?
    Quite a bit! This Government was elected to take on the toughest issues facing Aotearoa – and that’s what we’re doing. Since the start of the pandemic, protecting lives and livelihoods has been a priority, but we’ve also made progress on long-term challenges, to deliver a future the next generation ...
    1 week ago
  • Tackling the big issues in 2022
    This year, keeping Kiwis safe from COVID will remain a key priority of the Government – but we’re also pushing ahead on some of New Zealand’s biggest long-term challenges. In 2022, we’re working to get more Kiwis into homes, reduce emissions, lift children out of poverty, and ensure people get ...
    2 weeks ago

  • New Zealand to provide further help for Tonga
    Aotearoa New Zealand is giving an additional $2 million in humanitarian funding for Tonga as the country recovers from a volcanic eruption and tsunami last weekend, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today. This brings Aotearoa New Zealand’s contribution to $3 million. “This support will ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Quarterly benefit numbers show highest number of exits into work
    The Government’s strong focus on supporting more people into work is reflected in benefit figures released today which show a year-on-year fall of around 21,300 people receiving a main benefit in the December 2021 quarter, Minister for Social Development and Employment Carmel Sepuloni said. “Our response to COVID has helped ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Northland to move to Orange, NZ prepared for Omicron 
    Northland to move to Orange Rest of New Zealand stays at Orange in preparedness for Omicron All of New Zealand to move into Red in the event of Omicron community outbreak – no use of lockdowns Govt planning well advanced – new case management, close contact definition and testing rules ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • RNZAF C-130 Hercules flight departs for Tonga as Navy vessels draw nearer to Tongatapu
    A Royal New Zealand Air Force C-130 Hercules has departed Base Auckland Whenuapai for Tonga carrying aid supplies, as the New Zealand aid effort ramps up, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today. “The aircraft is carrying humanitarian aid and disaster relief supplies, including water ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand prepared to send support to Tonga
    New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today. “Following the successful surveillance and reconnaissance flight of a New Zealand P-3K2 Orion on Monday, imagery and details have been sent ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Aotearoa New Zealand stands ready to assist people of Tonga
    The thoughts of New Zealanders are with the people of Tonga following yesterday’s undersea volcanic eruption and subsequent tsunami waves, Foreign Affairs Minister Nanaia Mahuta says. “Damage assessments are under way and New Zealand has formally offered to provide assistance to Tonga,” said Nanaia Mahuta. New Zealand has made an ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Record high of new homes consented continues
    In the year ended November 2021, 48,522 new homes were consented, up 26 per cent from the November 2020 year. In November 2021, 4,688 new dwellings were consented. Auckland’s new homes consented numbers rose 25 per cent in the last year. Annual figures for the last nine months show more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Report trumpets scope for ice cream exports
    Latest research into our premium ice cream industry suggests exporters could find new buyers in valuable overseas markets as consumers increasingly look for tip top quality in food. Economic Development Minister Stuart Nash has released a new report for the Food and Beverage Information Project. The project is run by ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Honouring the legacy of legendary kaumātua Muriwai Ihakara
    Associate Minister for Arts, Culture, and Heritage Kiri Allan expressed her great sadness and deepest condolences at the passing of esteemed kaumātua, Muriwai Ihakara. “Muriwai’s passing is not only a loss for the wider creative sector but for all of Aotearoa New Zealand. The country has lost a much beloved ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Have your say on proposed changes to make drinking water safer
    Associate Minister for the Environment Kiri Allan is urging all New Zealanders to give feedback on proposed changes aimed at making drinking water safer. “The current regulations are not fit for purpose and don’t offer enough protection, particularly for those whose water comes from smaller supplies,” Kiri Allan said. “This ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Planting the seeds for rewarding careers
    A boost in funding for a number of Jobs for Nature initiatives across Canterbury will provide sustainable employment opportunities for more than 70 people, Conservation Minister Kiri Allan says. “The six projects are diverse, ranging from establishing coastline trapping in Kaikōura, to setting up a native plant nursery, restoration planting ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand congratulates Tonga's new Prime Minister on appointment
    Minister of Foreign Affairs Nanaia Mahuta today congratulated Hon Hu'akavameiliku Siaosi Sovaleni on being appointed Prime Minister of the Kingdom of Tonga. “Aotearoa New Zealand and Tonga have an enduring bond and the Kingdom is one of our closest neighbours in the Pacific. We look forward to working with Prime ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • High-tech investment extends drought forecasting for farmers and growers
    The Government is investing in the development of a new forecasting tool that makes full use of innovative climate modelling to help farmers and growers prepare for dry conditions, Agriculture Minister Damien O'Connor said.  The new approach, which will cost $200,000 and is being jointly funded through the Ministry for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Support for fire-hit Waiharara community
    The government will contribute $20,000 towards a Mayoral Relief Fund to support those most affected by the fires in Waiharara in the Far North, Minister for Emergency Management Kiri Allan says. “I have spoken to Far North Mayor John Carter about the effect the fires continue to have, on residents ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Manawatū’s ‘oases of nature’ receive conservation boost
    The Government is throwing its support behind projects aimed at restoring a cluster of eco-islands and habitats in the Manawatū which were once home to kiwi and whio. “The projects, which stretch from the Ruahine Ranges to the Horowhenua coastline, will build on conservation efforts already underway and contribute ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand to continue Solomon Islands support
    A New Zealand Defence Force and Police deployment to help restore peace and stability to Solomon Islands is being scaled down and extended. The initial deployment followed a request for support from Solomon Islands Government after riots and looting in capital Honiara late last month. They joined personnel from Australia, ...
    BeehiveBy beehive.govt.nz
    3 weeks ago