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

  • EV road user charges bill passes
    Transport Minister Simeon Brown has welcomed the passing of legislation to move light electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) into the road user charges system from 1 April.  “It was always intended that EVs and PHEVs would be exempt from road user charges until they reached two ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Bill targets illegal, unregulated fishing in international waters
    New Zealand is strengthening its ability to combat illegal fishing outside its domestic waters and beef up regulation for its own commercial fishers in international waters through a Bill which had its first reading in Parliament today. The Fisheries (International Fishing and Other Matters) Amendment Bill 2023 sets out stronger ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Reserve Bank appointments
    Economists Carl Hansen and Professor Prasanna Gai have been appointed to the Reserve Bank Monetary Policy Committee, Finance Minister Nicola Willis announced today. The Monetary Policy Committee (MPC) is the independent decision-making body that sets the Official Cash Rate which determines interest rates.  Carl Hansen, the executive director of Capital ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Stronger protections for apartment owners
    Apartment owners and buyers will soon have greater protections as further changes to the law on unit titles come into effect, Housing Minister Chris Bishop says. “The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act had already introduced some changes in December 2022 and May 2023, and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Travel focused on traditional partners and Middle East
    Foreign Minister Winston Peters will travel to Egypt and Europe from this weekend.    “This travel will focus on a range of New Zealand’s traditional diplomatic and security partnerships while enabling broad engagement on the urgent situation in Gaza,” Mr Peters says.   Mr Peters will attend the NATO Foreign ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Keep safe on our roads this Easter
    Transport Minister Simeon Brown is encouraging all road users to stay safe, plan their journeys ahead of time, and be patient with other drivers while travelling around this Easter long weekend. “Road safety is a responsibility we all share, and with increased traffic on our roads expected this Easter we ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Cost of living support for over 1.4 million Kiwis
    About 1.4 million New Zealanders will receive cost of living relief through increased government assistance from April 1 909,000 pensioners get a boost to Superannuation, including 5000 veterans 371,000 working-age beneficiaries will get higher payments 45,000 students will see an increase in their allowance Over a quarter of New Zealanders ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Tenancy reviews for social housing restart
    Ensuring social housing is being provided to those with the greatest needs is front of mind as the Government restarts social housing tenancy reviews, Associate Housing Minister Tama Potaka says. “Our relentless focus on building a strong economy is to ensure we can deliver better public services such as social ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Kermadec Ocean Sanctuary plan halted
    The Kermadec Ocean Sanctuary will not go ahead, with Cabinet deciding to stop work on the proposed reserve and remove the Bill that would have established it from Parliament’s order paper. “The Kermadec Ocean Sanctuary Bill would have created a 620,000 sq km economic no-go zone,” Oceans and Fisheries Minister ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Cutting all that dam red tape
    Dam safety regulations are being amended so that smaller dams won’t be subject to excessive compliance costs, Minister for Building and Construction Chris Penk says. “The coalition Government is focused on reducing costs and removing unnecessary red tape so we can get the economy back on track.  “Dam safety regulations ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Drought support extended to parts of North Island
    The coalition Government is expanding the medium-scale adverse event classification to parts of the North Island as dry weather conditions persist, Agriculture Minister Todd McClay announced today. “I have made the decision to expand the medium-scale adverse event classification already in place for parts of the South Island to also cover the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Passage of major tax bill welcomed
    The passing of legislation giving effect to coalition Government tax commitments has been welcomed by Finance Minister Nicola Willis.  “The Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill will help place New Zealand on a more secure economic footing, improve outcomes for New Zealanders, and make our tax system ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Lifting economy through science, tertiary sectors
    Science, Innovation and Technology Minister Judith Collins and Tertiary Education and Skills Minister Penny Simmonds today announced plans to transform our science and university sectors to boost the economy. Two advisory groups, chaired by Professor Sir Peter Gluckman, will advise the Government on how these sectors can play a greater ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government announces Budget priorities
    The Budget will deliver urgently-needed tax relief to hard-working New Zealanders while putting the government’s finances back on a sustainable track, Finance Minister Nicola Willis says.  The Finance Minister made the comments at the release of the Budget Policy Statement setting out the Government’s Budget objectives. “The coalition Government intends ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to consider accommodation solution
    The coalition Government will look at options to address a zoning issue that limits how much financial support Queenstown residents can get for accommodation. Cabinet has agreed on a response to the Petitions Committee, which had recommended the geographic information MSD uses to determine how much accommodation supplement can be ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government approves extension to Royal Commission of Inquiry into Abuse in Care
    Cabinet has agreed to a short extension to the final reporting timeframe for the Royal Commission into Abuse in Care from 28 March 2024 to 26 June 2024, Internal Affairs Minister Brooke van Velden says.                                         “The Royal Commission wrote to me on 16 February 2024, requesting that I consider an ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • $18m boost for Kiwis travelling to health treatment
    The coalition Government is delivering an $18 million boost to New Zealanders needing to travel for specialist health treatment, Health Minister Dr Shane Reti says.   “These changes are long overdue – the National Travel Assistance (NTA) scheme saw its last increase to mileage and accommodation rates way back in 2009.  ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PM’s Prizes for Space to showcase sector’s talent
    The Government is recognising the innovative and rising talent in New Zealand’s growing space sector, with the Prime Minister and Space Minister Judith Collins announcing the new Prime Minister’s Prizes for Space today. “New Zealand has a growing reputation as a high-value partner for space missions and research. I am ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Concerns conveyed to China over cyber activity
    Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government.     “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity, attributed to groups sponsored by the Chinese Government, targeting democratic institutions in both New ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Independent Reviewers appointed for School Property Inquiry
    Independent Reviewers appointed for School Property Inquiry Education Minister Erica Stanford today announced the appointment of three independent reviewers to lead the Ministerial Inquiry into the Ministry of Education’s School Property Function.  The Inquiry will be led by former Minister of Foreign Affairs Murray McCully. “There is a clear need ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Brynderwyns open for Easter
    State Highway 1 across the Brynderwyns will be open for Easter weekend, with work currently underway to ensure the resilience of this critical route being paused for Easter Weekend to allow holiday makers to travel north, Transport Minister Simeon Brown says. “Today I visited the Brynderwyn Hills construction site, where ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the Infrastructure Funding & Financing Conference
    Introduction Good morning to you all, and thanks for having me bright and early today. I am absolutely delighted to be the Minister for Infrastructure alongside the Minister of Housing and Resource Management Reform. I know the Prime Minister sees the three roles as closely connected and he wants me ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Parliamentary network breached by the PRC
    New Zealand stands with the United Kingdom in its condemnation of People’s Republic of China (PRC) state-backed malicious cyber activity impacting its Electoral Commission and targeting Members of the UK Parliament. “The use of cyber-enabled espionage operations to interfere with democratic institutions and processes anywhere is unacceptable,” Minister Responsible for ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ to provide support for Solomon Islands election
    Foreign Minister Winston Peters and Defence Minister Judith Collins today announced New Zealand will provide logistics support for the upcoming Solomon Islands election. “We’re sending a team of New Zealand Defence Force personnel and two NH90 helicopters to provide logistics support for the election on 17 April, at the request ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ-EU FTA gains Royal Assent for 1 May entry to force
    The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand’s ratification of its free trade agreement with the European Union.    “I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • COVID-19 inquiry attracts 11,000 submissions
    Public consultation on the terms of reference for the Royal Commission into COVID-19 Lessons has concluded, Internal Affairs Minister Hon Brooke van Velden says.  “I have been advised that there were over 11,000 submissions made through the Royal Commission’s online consultation portal.” Expanding the scope of the Royal Commission of ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Families to receive up to $75 a week help with ECE fees
    Hardworking families are set to benefit from a new credit to help them meet their early childcare education (ECE) costs, Finance Minister Nicola Willis says. From 1 July, parents and caregivers of young children will be supported to manage the rising cost of living with a partial reimbursement of their ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Unlocking a sustainable, low-emissions future
    A specialised Independent Technical Advisory Group (ITAG) tasked with preparing and publishing independent non-binding advice on the design of a "green" (sustainable finance) taxonomy rulebook is being established, Climate Change Minister Simon Watts says.  “Comprising experts and market participants, the ITAG's primary goal is to deliver comprehensive recommendations to the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Chief of Army thanked for his service
    Defence Minister Judith Collins has thanked the Chief of Army, Major General John Boswell, DSD, for his service as he leaves the Army after 40 years. “I would like to thank Major General Boswell for his contribution to the Army and the wider New Zealand Defence Force, undertaking many different ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Minister to meet Australian counterparts and Manufacturing Industry Leaders
    25 March 2024 Minister to meet Australian counterparts and Manufacturing Industry Leaders Small Business, Manufacturing, Commerce and Consumer Affairs Minister Andrew Bayly will travel to Australia for a series of bi-lateral meetings and manufacturing visits. During the visit, Minister Bayly will meet with his Australian counterparts, Senator Tim Ayres, Ed ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government commits nearly $3 million for period products in schools
    Government commits almost $3 million for period products in schools The Coalition Government has committed $2.9 million to ensure intermediate and secondary schools continue providing period products to those who need them, Minister of Education Erica Stanford announced today. “This is an issue of dignity and ensuring young women don’t ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech – Making it easier to build.
    Good morning, it’s great to be here.   First, I would like to acknowledge the New Zealand Institute of Building Surveyors and thank you for the opportunity to be here this morning.  I would like to use this opportunity to outline the Government’s ambitious plan and what we hope to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pacific youth to shine from boost to Polyfest
    Minister for Pacific Peoples Dr Shane Reti has announced the Government’s commitment to the Auckland Secondary Schools Māori and Pacific Islands Cultural Festival, more commonly known as Polyfest. “The Ministry for Pacific Peoples is a longtime supporter of Polyfest and, as it celebrates 49 years in 2024, I’m proud to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 2024 Ngarimu VC and 28th (Māori) Battalion Memorial Scholarships announced
    ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Breast Cancer Foundation – Insights Conference
    Before moving onto the substance of today’s address, I want to recognise the very significant and ongoing contribution the Breast Cancer Foundation makes to support the lives of New Zealand women and their families living with breast cancer. I very much enjoy working with you. I also want to recognise ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kiwi research soars to International Space Station
    New Zealand has notched up a first with the launch of University of Canterbury research to the International Space Station, Science, Innovation and Technology and Space Minister Judith Collins says. The hardware, developed by Dr Sarah Kessans, is designed to operate autonomously in orbit, allowing scientists on Earth to study ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the New Zealand Planning Institute
    Introduction Thank you for inviting me to speak with you today and I’m sorry I can’t be there in person. Yesterday I started in Wellington for Breakfast TV, spoke to a property conference in Auckland, and finished the day speaking to local government in Christchurch, so it would have been ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Support for Northland emergency response centre
    The Coalition Government is contributing more than $1 million to support the establishment of an emergency multi-agency coordination centre in Northland. Emergency Management and Recovery Minister Mark Mitchell announced the contribution today during a visit of the Whangārei site where the facility will be constructed.  “Northland has faced a number ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Celebrating 20 years of Whakaata Māori
    New Zealanders have enjoyed a broader range of voices telling the story of Aotearoa thanks to the creation of Whakaata Māori 20 years ago, says Māori Development Minister Tama Potaka. The minister spoke at a celebration marking the national indigenous media organisation’s 20th anniversary at their studio in Auckland on ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Some commercial fishery catch limits increased
    Commercial catch limits for some fisheries have been increased following a review showing stocks are healthy and abundant, Ocean and Fisheries Minister Shane Jones says. The changes, along with some other catch limit changes and management settings, begin coming into effect from 1 April 2024. "Regular biannual reviews of fish ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-03-29T07:05:07+00:00