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#391 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
Oh, my last few days went like this, got up at 6am Wednesday, drove for 660k's to hay, had a 6pack of Jimmy's, looked around a while, spent the night in a tidy little lotel, got up yesterday, drove 400k's to Yass, had a look around, got up this morning, drove the rest of the way to Sydney, and spent the afternoon watching my Daughter compete for SA against the rest of the nations elite juniors, will do the same tomorrow and the day after, and the day after that amd then on Tuesday i'll begin the 3 day slow cruise home to Adelaide. Then i'll load up the camper trailer and boat and head up the river for a week. I'm 41 and don't even have a job at the moment, nor do I receive 1 red cent from Centrelink, we do it all on 1 wage, the Wife is happy as a pig in **** because the housework is done in her absence and the dinner is cooking when she gets home mid arvo. Last edited by BENT_8; 29-09-2017 at 09:51 PM. |
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#392 | ||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,442
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Depends on how much work is required and what is happening...
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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#393 | ||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,442
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Kids are 12 and 14, late 40's at this stage, but cut down on the long hours when they were still young, roughly 10 years ago, so in my late 30's.
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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#394 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
It's a good life.
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#395 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
My eldest is 19 and I'm 41, if he has kids at 22 like I did, i'll be enjoying my grandchildren at the same age as you are now. How old will you be when your grandkids want to play footy or cricket in the back yard...60? Hey, look on the bright side, you'll be able to pay me or some other spring chicken to have a kick with them whilst you tend your Geraniums...lol The sunset over Botany Bay was awesome this evening, not as nice as Sydney Harbour from the deck of the Pacific Jewel last November, or from the Carnival Legend in February but cant be too picky. Horses for courses pal, horses for courses. Last edited by BENT_8; 29-09-2017 at 10:19 PM. |
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#396 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Better to have no kids.
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#397 | ||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,525
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#398 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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#399 | ||
FF.Com.Au Hardcore
Join Date: Jul 2009
Location: melbourne
Posts: 4,648
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#400 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,059
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What is happening in 2018?
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#401 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Bubble deflating..…banking royal commission will claim some scalps. I alread know of one person forced to sell in Melb as the banks called in the interest only loans.
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#402 | ||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Nothing will happen in 2018, prices on housing will stabilize a little but nothing dramatic.
The property market operates in cycles lasting on average 18 years. The cycle is divided into 3 phases;
The GFC started in 2007... So in 2018, we are in year 11, and still on the upward cycle. Interest rates will start to rise in 2019 - 2020, and cool the level of growth a little. House prices will again start to fall in 2021 or another 3 years and will continue to fall for 4 years, till the 18 year cycle starts all over again. |
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#403 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,059
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Quote:
Mate, don't hold your breath as those interest will NOT be rising any time soon.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#404 | |||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
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Quote:
I was never that together and just struggled holding down my job and keeping sanity and head above water. Years ago in late 20's my brother commenced investment property investing- interest only, leveraged to eyeballs. Leveraged against his family home. Invested in some good properties in Melbourne and wider afield. Banks called in the mortgages this year- sold the good Melbourne Coburg investment property to pay off the other mortgages which were in the red. He is 50, managed to keep the family home in Melbourne but is now saddled with a sizeable mortgage-so much for his plans to be retired by 40. Wonder how many other stories there are like this happening/about to happen....
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Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender |
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#405 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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There are and will be countless stories as such asagaai but as you know these are people who go out on the limb far too much, they also think they are very smart, greed comes to mind as well.
Its not the fault of the banks, nor the RB regards to interest rates, its about not going over your head and how many are - living off credit, living beyond their means. I'm sorry for your bro but then again not, more so I hope his family doesn't have to suffer due to being a big shot ( I mean no offense please understand but its a general overall POV on these type of circumstances)
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#406 | |||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
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Quote:
1. Avoid following the innate human frailty of being a sheep. Apply your life experience and use your brain to assess and determine your own course based on what you value in life. 2. Generally people who are self made with no silver spoon and are successful in business/work generally got there by hard work and skills. Not everyone has both the hard work ethic AND the skills in required proportions. 3. That I am unsure- as to what is more stressful in life- financial stresses, or the horror stresses of daughters in that puberty to age 20ish odd....
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Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender Last edited by asagaai; 31-05-2018 at 12:04 PM. |
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#407 | ||
Fossil fuel consumer
![]() Join Date: Jul 2005
Location: Mod For: Pub, Bar, Sales Yard, Show 'N Shine, Photoshop, AU to BF, FG to FGX, Territory & Sports Bar
Posts: 17,038
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Rule #1, borrow what you can afford, on one income, factored on a high theoretical interest rate, then make extra repayments. Never borrow high amounts just because the bank says you can. Just because you can, doesn't mean you should. Words to live by.
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#408 | |||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Quote:
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#409 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,250
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RBA will raise rates in Decemeber because economy is going so well due to all the new infrastructure we ALL 'desperately' need.
Interest rates could'nt stay 0.25 forever???? |
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#410 | |||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,525
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Quote:
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#411 | ||
Guest
Posts: n/a
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https://www.brisbanetimes.com.au/mon...27-p4zhtx.html
nice. young people have no chance of entering the property market and now they're criticised for staying at home longer than previous generations. |
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#412 | |||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
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Quote:
They came here young-ie 17-21 -often by themselves-and worked their ****s off- in menial jobs and doing what they could to get better paid jobs-because all they had known was insecurity- and they wanted security above all else- and their first aim was to buy out a home outright. A lot of youth and man-woman childs in Australia are leading very sheltered privileged cushioned lives living at home and those not wise and perceptive do not realise how hard life will be for them in the future and just laze about. The wise ones realise life will be very hard and push themselves hard to set themselves up. I state this based on my household- I have 1 child in both camp.
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Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender |
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#413 | |||
Bolt Nerd
![]() Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 14,616
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Quote:
Though I agree it is tougher than years ago to buy a house/mortgage... It IS still possible, once they set their sights a little, realistically lower! This “young people have no chance” , “woe is me” crap really annoys me... They DO and they CAN with a bit of “get off ya a rse” and smarts! I have 2 in their late 20s that have.
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Current vehicles.. Yamaha Rhino UTV, SWB 4L TJ Jeep, and boring Lhd RAV4 Bionic BF F6... UPDATE: Replaced by Shiro White 370z 7A Roadster. SOLD Workhack: FG Silhouette XR50 Turbo ute (11.63@127.44mph) SOLD 2 wheels.. 2015 103ci HD Wideglide.. SOLD SOLD THE LOT, Voted with our feet and relocated to COSTA RICA for some Pura Vida! (Ex Blood Orange #023 FPV Pursuit owner ![]() |
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#414 | ||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Incorrect. The economy is not meeting the governments targets, and it's highly unlikely the interest rates will be moving any time soon.
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#415 | |||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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Quote:
I see the journo has a hyphenated surname, say no more. Wonder what they would have said that my brother stayed home till 30yrs and countless others back in the days, who wrote about that back then ? no one for there are countless reasons why not just because of affording a property. In saying that, leesa, young people not having a chance. Another generalised comment. There will always be those who get themselves in a position who can and those who cannot. If everyone was the same we'd be in a sorry place I suppose thankfully not. As Charliewool quotes, his own boys have. Late last year my late 20's niece and new hubby just bought a run down semi in inner Sydney - from saving their ****'s off for a number of years - funny just as myself and wife not a the time did as well way back then when it was meant to be affordable. I say that for when we were saving I thought FFS this will take forever....but alas in time it didn't AND I thought signing for that 1st mortgage dump was like signing away for a million bucks back then. My eldest son @ 25 is nearing his target with his girlfriend/wife sooner or later to putting down a deposit but I suppose they had no chance as well.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#416 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
Any of these have kids of their own mate? So would i be right in assuming the key is to spend the first 20 years in nappy's or school, the next 10 years saving every dollar for a run down house, the next 30 years paying off that overpriced rundown house and then what, life begins at 60 if (insert incurable medical condition) doesnt get you first? Happy days! |
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#417 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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Quote:
And that isn't simply because they waste money. Houses as a proportion of income cost 3-5x MORE than 20 years ago, so all things being equal, it would take 3-5x LONGER to raise that deposit. All the while, prices keep rising (often faster than the rate at which people can save). I'm happy for people to pint out how much money people waste... I agree, there shouldn't be anywhere near the market for silly services like professional dog washing/grooming, or lawnmowing, etc. People outsource an awful lot of stuff they could well do for themselves. But even for those that do everything right, they're still so far behind the curve now, its truly depressing as a parent, and my daughter is nowhere near moving out age yet. I can only imagine how bad it will get in another 10 years.... |
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#418 | |||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,334
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Quote:
Whats wrong with a run down house ? I started the same feeling broke and forever paying off, did as much reno myself in 5yrs sold it just under double but spent minimal, made some extra, back into mortgage and bought suburb better but ordinary house again. What do you expect. The rest of your bottom paragraph is life mate. Just some get less debt sooner than others - some even from back in the day probably never paid off their house and have just the pension to live on, some obviously own their properties and are self funded retirees, takes all types. Some die younger with nothing due to incurable decease as mentioned, some don't and have it all but pay through the nose. As I said, thats life make of it what you will, up to you, before and today.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" Last edited by FTE217; 01-06-2018 at 06:09 PM. |
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#419 | |||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Quote:
Available to first home buyers only and means tested. But instead of buying the land, offer the housing blocks on a "99-year lease", plus an annual levy to go towards the cost of developing the land, (roads, services, sewerage, etc). So the Government always owns the land (like in China) and is not selling off Australia. Then the first home buyers only have to pay for the cost of building the home, which can be done for $200K. After 99 years, their kids or grandchildren who inherit the property can arrange a new lease on the land. This would more than half the cost of affordable housing for young people. Sure, a lot of this crown land might not be close to the major cities and be in rural areas... But its a start for those currently priced out of the home market. .... Anyone want to vote for the "Go Further party". ![]() |
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#420 | |||
FF.Com.Au Hardcore
Join Date: Jul 2009
Location: melbourne
Posts: 4,648
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Quote:
That's a terrible idea, the government getting in the real estate market with leases. Releasing land is good. If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand. - Friedman Most land around cities is in private hands so its not doable anyway. Let's not kid ourselves into thinking that more government interference in the market is the solution. The cost of buying a standard housing lot in Melbourne's greenfield suburbs increased by a whopping 36 per cent in 2017 – AFR can't link to paywall The average Melbourne lot price of $329,500 is rapidly catching up with the $480,000 cost of a new lot in Sydney. This is in contrast to the costs of new housing blocks in those US cities which have a permissive approach to new development on their outskirts. Thus, in Australian dollars, fully developed lots in Houston and Atlanta sell for $70,000 – $100,000 and average house prices in those two cities are $300,000 and $350,000 respectively. The difference in prices between Australian cities and those of Houston and Atlanta is solely due to government planning policy. Although high levels of immigration are sometimes blamed for house price escalation in Australia – and demand is certainly important – the fact is that both Houston and Atlanta are cities that are growing faster than Sydney and Melbourne. Australia has not only heaps of land but other natural resources that we are putting so many regulations around that we are restricting our citizens from being industrious and give us some of the higher incomes in the industrial world. |
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