- Oct 7, 2002
- 15,909
- 16,353
- AFL Club
- Collingwood
Some people resent others getting ahead.
Kernel of truth to that. I don't want to have to get married to buy a house!
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Weekly Prize - Join Any Time - Tip Round 11
The Golden Ticket - MCG and Marvel Medallion Club tickets and Corporate Box tickets at the Gabba, MCG and Marvel.
Some people resent others getting ahead.
You should have a good hard look at yourself. It's unhealthy to resent other people's success.
You didn't address the point. Why did you bother replying? It would have been easier to say "I am resentful too". Or "I am so short sighted that when I see an idiot on TV I associate that with the majority of Australian Mum and Dad property investors".Nope, its the people like that Carmel lady from the Apprentice who was living it up in her mansion with her fancy car and such, all on borrowed money, that are greedy.
And there are too many out there like that.
unlikely.Don't worry, if things start to go pear shaped, bunsen will disappear from this forum.
I see. "Potential death trap" yet you are going in and buying? Do you have a split personality? How do you manage to balane the ledger here? You seem to be having a bet each way.Huh? I'm 27 and am just about to buy again after buying in at 23. I didn't do anything remarkable and am actually a bit embarrassed by my relative success in property. It's been through no great management on my part, but it looks likely to have set my family up.
So, despite me likely having 3 properties by 30 and seeing my parents houses up to about a million each in this boom, I think prices are too high, too restrictive and cutting too many families way to close to the edge. Just because I will benefit greatly doesn't mean I sit back and not concern myself with what these ridiculous prices and this completely un-sustainable rise will have on those looking and those buying into a potential financial death trap.
I'd say quite likely. You have form.unlikely.
I see. "Potential death trap" yet you are going in and buying? Do you have a split personality? How do you manage to balane the ledger here? You seem to be having a bet each way.
I see. "Potential death trap" yet you are going in and buying? Do you have a split personality? How do you manage to balane the ledger here? You seem to be having a bet each way.
You didn't address the point. Why did you bother replying? It would have been easier to say "I am resentful too". Or "I am so short sighted that when I see an idiot on TV I associate that with the majority of Australian Mum and Dad property investors".
In your deluded mind, yes. You guys said the maret would drop 30-40%. It dropped 5%. I said it was at the bottom of the downturn and I wasn't far off. I didn't come here for 6 months. So what? There wsnthing to talk about. Had someone started a property thred I most likely would ave.I'd say quite likely. You have form.
Unfortunately Nothbhoy is not talking about good deals and bad deal. e's having a stab at property investors and the market in general but then is going out and buying property. His actions and his opinions don't reconcile.There is a "smart buy" and a "bad buy"
I'd say NorthBhoy is looking at buying a cf + property, one that is cf- but undervalued or one that is cf- and has significant room for capital growth. Many people don't look to the future and just by what they see seems like good value now.
Actually champ, you said this:Not sure why you're angling for an argument, but very simply, I can afford it. I don't need to borrow from parents or ask them put up their joint for assistance. If rates went up 4% and my missus stopped working, we could still service our loan and then some.
As it stands, we have two very good incomes (she could double her weekly take home easily and will in the run up to the next buy) and not much else to spend money on. I have a fair idea on where we'll buy next and I think we'll do well. We might not, too. 13km's from the city is my limit ATM, must be near a train or tram line, infrastructure planned and committed to is an added bonus. If forced to buy in right now, it would be Fawkner, Hadfield, Glenroy. Biggest impediment for the first two is the shitness of the established housing, but it ticks every other box. Hadfield has some enormous blocks of land going. All 3 are undervalued. Coburg, Brunswick, Northcote, Preston will continue to grow but have, IMO, gone past being absolute musts.
I think the current housing climate has the potential to create a large group of working poor and physically stranded families living on the edge every month in s**t "suburbs" of Melbourne. This has huge social implications, even forgetting for a moment the obvious financial knock on effects.
I think prices are too high, too restrictive and cutting too many families way to close to the edge. Just because I will benefit greatly doesn't mean I sit back and not concern myself with what these ridiculous prices and this completely un-sustainable rise will have on those looking and those buying into a potential financial death trap.
Are you telling me that there aren't a ton of people out there who are living beyond their means?
Referring to both owner/occupiers stretching their budgets and investors leveraged to the hilt.
Come off it.
but Australians are greedy and ****ing stupid
Actually champ, you said this:
On one hand you think prices are too hgh and unsustainable yet you are buying a property?
Do you want to try again?
Then you need to do your figures again or get creative. That is plenty.I have 80k for a deposit and an annual salary 60k yet consider myself incapable of servicing a mortgage.
And?I'm certain there are people in worse situations than me who are in over their heads.
Where did I say that?In your deluded mind, yes. You guys said the maret would drop 30-40%.
Ha. Already documented earlier in this thread, but if you want to believe that you did, then fair enough.It dropped 5%. I said it was at the bottom of the downturn and I wasn't far off.
Try a year. There were plenty of property threads. You were relatively absent from this one during the period which prices were falling. Funnily enough, you've dug up material from that thread to use for the OP in this thread one a year later.I didn't come here for 6 months. So what? There wsnthing to talk about. Had someone started a property thred I most likely would ave.
No point being quixotic about it. If the government's going to load the dice such that always falls the way of the property owners, then why take a moral stand? Doesn't mean it's right though......And indeed fuelling and profiteering from the same property/housing climate he claims to be so detrimental to social fabric of the country and creating a working poor underclass.
Then you can go get a bigger place further out. But it looks like you're determined to argue it's not possible and then blame everyone else for why they have a hou/unit and you don'tI would not live there. Far too small.
That is your choice. But if you make htchoice you shouldn'tbe resenting others who do.Either way I'm not willing to put more than a third of my weekly disposable income towards it (this currently = $300p.w).
"Life is so tough, waaaah, waaaaah waaaaah"A guy my age used to be able to pay off a house and still have a life. Not anymore.
Nope. It typically takes sacrifice and short term pain to get into the market. That often ans moving to undesiable areas or rnting a room or two out to cover the repayments, or scrimping on spending.Aren't all those people with less financial comfort than me yet still in the market living beyond their means?
Why are youso worried about everybody else?How are they going to be if we go up another 3 percentage points in not much time? If they have to get out then they shouldn't have been in in the first place...
No point being quixotic about it. If the government's going to load the dice such that always falls the way of the property owners, then why take a moral stand? Doesn't mean it's right though.
Of course it is. In the long run, your only duty is to yourself and your family. That doesn't make it right for the govt to manipulate markets for the benefit of a certain group of people...... umm so it's okay to take advantage of something for personal gain whilst being disgusted by it and knowing/arguing about it's wrongness at the same time?
For someone who is nominally right-wing, you seem quite happy with the government intervening on your behalf. You should be puckering up for Rudd.Seems like the eternal internal struggle left wing politicians and highly paid public servants have to deal with everyday.
Then you can go get a bigger place further out. But it looks like you're determined to argue it's not possible and then blame everyone else for why they have a hou/unit and you don't
That is your choice. But if you make htchoice you shouldn'tbe resenting others who do.
"Life is so tough, waaaah, waaaaah waaaaah"
Nope. It typically takes sacrifice and short term pain to get into the market. That often ans moving to undesiable areas or rnting a room or two out to cover the repayments, or scrimping on spending.
Obviously you're not mature enough accept that this is how it is and how it's going to be.
Why are you so worried about everybody else?
:Actually champ, you said this
On one hand you think prices are too hgh and unsustainable yet you are buying a property?
Do you want to try again?