Mega Thread The Random Thoughts Thread Part 1

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Doctor Feel

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Shoulda been, it would be no less worthy of a subtext examination than anything else studied, where it either wasn't there at all and the teacher was a stoner, or it was as subtle as a sledgehammer.

Looking for Alibrandi ffs.
Don't talk shit about Alibrandi, i'll wreck you 1v1 m8.
 

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sobrave

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Seriously though, negative gearing only affects property closer to the city in good high growth areas. People refuse to suck it up and buy a shithole in a below average suburb to get their foot in the property door. Live there for a while, do some work on it, turn it around and boom you've got fire-power to attack the inner city market. It's a long road and so many I've spoken to have unrealistic expectations of what their first house will be/where they want to live. Your first house should ******* suck, but it will generate you mad equity if you do the right things, and you bunny hop to your next house.
until the inevitable bubble burst and you're left with repayments you can't afford on a mortgage bigger than what your home is worth
 

edgie

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Seriously though, negative gearing only affects property closer to the city in good high growth areas. People refuse to suck it up and buy a shithole in a below average suburb to get their foot in the property door. Live there for a while, do some work on it, turn it around and boom you've got fire-power to attack the inner city market. It's a long road and so many I've spoken to have unrealistic expectations of what their first house will be/where they want to live. Your first house should ******* suck, but it will generate you mad equity if you do the right things, and you bunny hop to your next house.

Also you might learn a few basic DIY tricks and to be a handyman.

Australia is by and large a country full of young people with unrealistic expectations because the oldies were a bit spoiled because the oldies before them had to fight in wars and live through awful times.
 

Steve Dore

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..... Don't they want self funded retirees? The aging population is causing a massive drain with health care and the age pension particularly big, and growing bigger, problems. And yet we try our guts out to self fund and get punished for it. ......
This.
 

Doctor Feel

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until the inevitable bubble burst and you're left with repayments you can't afford on a mortgage bigger than what your home is worth
lol, not being able to afford a 200k mortage even with massive interest rate hikes. You shouldn't even have a house in the first place. I live over an hour from work in an absolute shithole that is Elizabeth Downs - purchased the house for 210k with my partner. Sunk 30k into it 2 years after purchase and have held for a further three. Now we are looking at selling and it's valued at 250k, so we have only made 10k (taking investment into reno away) - but it's the equity that we've gained over the five years that will help us out here. We're gonna sell and pocket about 65-70k post sale due to the deposit and equity gained, and put it straight towards our next house deposit. Done.

We purchased the house while earning 27k and 30k respectively - we were both at Uni! We made many sacrifices to afford it but in the end I haven't even noticed. I've honestly got no time for people who whine about house prices. You want it bad enough, you ******* do it.
 

Magus

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Seriously though, negative gearing only affects property closer to the city in good high growth areas. People refuse to suck it up and buy a shithole in a below average suburb to get their foot in the property door. Live there for a while, do some work on it, turn it around and boom you've got fire-power to attack the inner city market. It's a long road and so many I've spoken to have unrealistic expectations of what their first house will be/where they want to live. Your first house should ******* suck, but it will generate you mad equity if you do the right things, and you bunny hop to your next house.

A deposit for a 200-250k house is **** all (especially with the stupidly low deposit homeloans these days), if you have to go down that route and don't have a parents house to borrow against their equity with.
A 200-250k house? A flat or townhouse maybe.
 

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Magus

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See above. My 3 bedroom house was 210k 5 years ago. Masonettes are good little money makers too. You can buy brand new rivergum style homes in my area for between 230 and 300k.
Must be a Northern Suburbs thing. I couldn't find anything for less than 270 a couple of years ago when I was looking to buy in the southern suburbs.
 

Doctor Feel

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Must be a Northern Suburbs thing. I couldn't find anything for less than 270 a couple of years ago when I was looking to buy in the southern suburbs.
The south is probably 1 step up from the north in terms of prices and quality of surrounding areas. I'm probably looking at Coromandel Valley for my next house, keen on leafy burbs, well used to a bit of a drive to work so it's no biggie. Get a nice house in a leafy area, I can deal with the drive, because of the distance from the city the prices are still great too.
 

sobrave

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lol, not being able to afford a 200k mortage even with massive interest rate hikes. You shouldn't even have a house in the first place. I live over an hour from work in an absolute shithole that is Elizabeth Downs - purchased the house for 210k with my partner. Sunk 30k into it 2 years after purchase and have held for a further three. Now we are looking at selling and it's valued at 250k, so we have only made 10k (taking investment into reno away) - but it's the equity that we've gained over the five years that will help us out here. We're gonna sell and pocket about 65-70k post sale due to the deposit and equity gained, and put it straight towards our next house deposit. Done.

We purchased the house while earning 27k and 30k respectively - we were both at Uni! We made many sacrifices to afford it but in the end I haven't even noticed. I've honestly got no time for people who whine about house prices. You want it bad enough, you ******* do it.
so all it took was 5 years of hard work slaving away and living in a shithole? and now, 5 years later, you're ready to move a couple of kms closer to the city?

sounds ******* fantastic!
 

Doctor Feel

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so all it took was 5 years of hard work slaving away and living in a shithole? and now, 5 years later, you're ready to move a couple of kms closer to the city?

sounds ******* fantastic!
Boo hoo, hard work - what, you expect to own a house and be rich after 5 years? Be real. I'm 27 and have a lot of working life ahead of me, this next house will not be my last. I'm a realist and I don't expect to have a house close to the city for **** all dough. This way I have no mortgage stress and can spend cash on the finer things in life. **** a big mortgage. There are other ways to make cash anyway like shares, term deposits, bonds, FOREX.

Many many ways to skin a cat.
 
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The south is probably 1 step up from the north in terms of prices and quality of surrounding areas. I'm probably looking at Coromandel Valley for my next house, keen on leafy burbs, well used to a bit of a drive to work so it's no biggie. Get a nice house in a leafy area, I can deal with the drive, because of the distance from the city the prices are still great too.
good choice
 

sobrave

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Boo hoo, hard work. I'm 27 and have a lot of working life ahead of me, this next house will not be my last.
look, i'm not really having a go at you and good on you for making it work. reckon you'll do well and you deserve it

but there's no disputing the facts around housing prices and the average wage. in adelaide we're still pretty lucky that the outer suburbs are actually affordable and you've been able to take advantage of that

nationally, it's pretty much a shitfest.
 

Doctor Feel

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I like the idea of going off the grid and doing arts n' crafts in the tassie wilderness like sobrave wid me collection of bad cardigans, **** ebay though.
ha, this reminds me of a Boro Postman Pat episode where he's asked to deliver a package and he's like "Ohhh, not ******* Ebay again. I'm going to jail for this shit, i'm ****in tellin ya."
 

Eddie Dingle

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so all it took was 5 years of hard work slaving away and living in a shithole? and now, 5 years later, you're ready to move a couple of kms closer to the city?

sounds ******* fantastic!
Sit back and whinge about it or do something like feel has.

No campaigner is going to walk up and hand it to because you are so brave.
 

Doctor Feel

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look, i'm not really having a go at you and good on you for making it work. reckon you'll do well and you deserve it

but there's no disputing the facts around housing prices and the average wage. in adelaide we're still pretty lucky that the outer suburbs are actually affordable and you've been able to take advantage of that

nationally, it's pretty much a shitfest.
I completely agree that other states may be a different kettle of fish all together, housing prices are hilarious over there. Selling Houses goes to all sorts of semi-rural areas around Melbourne and fix up some real shitholes that are priced in the 400's before they even sink a cent into them.
 
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