![]() |
|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
The Bar For non Automotive Related Chat |
![]() |
|
Thread Tools | Display Modes |
![]() |
#421 | |||
Guest
Posts: n/a
|
Quote:
I don't date so buying a house with a partner isn't going to happen and it's impossible to buy on your own unless you earn the income of two people. When my dad was young he bought a house 5km from the city, on one income. I would just like to be able to do what the previous generations told me as I was growing up.... study hard, work hard and you can buy a house... but that's not necessarily true anymore, is it? When looking at income/house price/interest rates, I earn more than he did back when he bought, comparatively speaking and even taking the high interest rates into account, so back then I would have easily been able to do what he did but I can't buy somewhere by myself even within 45 minutes of the city. I would just like the same opportunity as the previous generation - work hard and buy a house... but I can't. Lots of people can't, despite working really hard which is apparently all it should take. I also rent by myself which doesn't help. It just annoys me that the housing industry has become an investment industry for people who don't need any more money. They've got a house but they want multiple houses so as to ride the equity wave to make them rich without them having to lift a finger. They're not even working hard to make that money! It's just greed, pure and simple. I'm not a greedy person so I have trouble understanding how people can morally gather more resources than they themselves need, at the expense of others. At a fundamental level it's not a trait that I have so to see that it's an every-man-for-themselves type society is a bit devastating I guess, yeah. So now I just blow lots of money on hobbies and toys, knowing that the market is probably not likely to correct within my lifetime. And yeah, it does make me bitter, I can't seem to help it. |
|||
![]() ![]() |
3 users like this post: |
![]() |
#422 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
|
We also have to remember us middle age and older folk had long term jobs, pretty much guaranteed for life if we wanted them which helped in the repayments of big ticket items.
Younger generations now have short term work contracts which don't lend (no pun) themselves to saving and favourable mortgages. FYI. my older brother (59 now) has never moved out of home, public servant for 40 years and never paid rent.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
|
||
![]() |
![]() ![]() |
![]() |
#423 | ||||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
|
Quote:
![]() Quote:
![]() |
||||
![]() |
![]() ![]() |
8 users like this post: |
![]() |
#424 | |||
Guest
Posts: n/a
|
Quote:
That part is definitely not true anymore. You have to study, get hired and then job-hop every few years to chase a pay increase. Life is nothing like what I was told growing up so I feel a bit rorted, yeah. |
|||
![]() ![]() |
![]() |
#425 | |||
Guest
Posts: n/a
|
Quote:
As for you both working hard and now you're financially secure... that's great but did you do it by yourself? You saved a deposit and bought a house on one income? Not two? If so, may I ask what your line of work is? |
|||
![]() ![]() |
![]() |
#426 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
|
Quote:
You don't have to be houseless, but you're choosing to be so because you can't buy where you want to live. |
|||
![]() |
![]() ![]() |
5 users like this post: |
![]() |
#427 | ||
FF.Com.Au Hardcore
![]() Join Date: Nov 2007
Location: Riff
Posts: 12,354
|
^^ This.
__________________
FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
||
![]() |
![]() ![]() |
5 users like this post: |
![]() |
#428 | |||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,985
|
Quote:
i done it all myself am i cool?? |
|||
![]() |
![]() ![]() |
5 users like this post: |
![]() |
#429 | |||
Guest
Posts: n/a
|
Quote:
I'm not choosing to be houseless because I can't buy where I want to live. I lacked foresight when picking a career to study (before housing went up) and have later discovered that the job doesn't exist outside of capital cities. If I moved away I wouldn't find work. I don't think I'd have any trouble getting a regular job but it'd pay a lot less than I already earn and so I'd probably be in the same boat. It's not all grim though. I'm shuffling across to a related industry that should have more work prospects in other regions. |
|||
![]() ![]() |
2 users like this post: |
![]() |
#430 | |||
Guest
Posts: n/a
|
Quote:
If I may ask, what is your line of work? What year did you buy and did you also rent while you saved for the deposit? |
|||
![]() ![]() |
![]() |
#431 | ||
FF.Com.Au Hardcore
![]() Join Date: Nov 2007
Location: Riff
Posts: 12,354
|
Only cause you got a VT shaggin bus.
__________________
FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
||
![]() |
![]() ![]() |
3 users like this post: |
![]() |
#432 | ||||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,985
|
Quote:
![]() Quote:
![]() |
||||
![]() |
![]() ![]() |
![]() |
#433 | |||
Guest
Posts: n/a
|
Quote:
If within the past 10ish years you've started saving a deposit, also paid rent and all other living expenses and then finally bought a house without any outside source of help and on one income..... you should be very proud of yourself. Share your secrets! |
|||
![]() ![]() |
![]() |
#434 | |||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,985
|
Quote:
less shiny stuff make it happen ![]() |
|||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#435 | |||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,527
|
Quote:
|
|||
![]() |
![]() ![]() |
8 users like this post: |
![]() |
#436 | |||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
|
Quote:
So I moved to Newcastle where I was able to afford a house reasonably close in to the Newcastle CBD. But I had the opportunity of obtaining similar work to that in Sydney for similar $$$. So I feel for you- but as others have said- do not be a victim and no point frittering money away giving up. That is a bit like being a drug addict- giving up for instant gratification. Plan and implement steps now to maximize flexibility in your earning capacity so that you can derive an income in other cities/towns where you can get a foot in the market. And you may well find that your life improves by living in much nicer environment. The earlier you stop being victim, take control, and start the better off you will be when you set yourself up.
__________________
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 |
|||
![]() |
![]() ![]() |
5 users like this post: |
![]() |
#437 | ||
The Terrain Tamer
![]() ![]() Join Date: May 2013
Posts: 36,364
|
Leesa,
I'm not going to say what is right or wrong, because everyone's situation is different... I bought my first investment property at the ripe old age of 19 back in 1987 at 17.5% interest on a wage of roughly $1000 / month. It wasn't a house, it was a one bedroom flat. Yes, I still lived at home at the time and yes my parents gave me great financial advice (bricks & mortar are a safe investment), but my point is you can do it. I didn't go out partying with my mates, I didn't buy fancy cars (although I wish I did in some ways - hindsight is a wonderful thing), I just put every spare penny I had into supplementing the mortgage over and above the rent I was collecting... If you want to buy a house (property), you can do it. It might not be the dream house that we all want, but you have to start somewhere. The hardest part about owning a house is starting... You may be surprised how much "rent" would get you if you could top that up slightly to cover a mortgage... ![]() Have you spoken to a bank / financial adviser?
__________________
Current Ride : A Ford owned D3... |
||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#438 | ||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,527
|
Mate, that statement was my initial thoughts buying a house in Sydney but I work in high rise commercial buildings (as an electrician) so I made the sacrifice to continue working in the better environments. Yes travel sucks, but I dont have to pay anything car related for work because I drive a company vehicle. Fair enough if you have to pay your own way to work and the extra distance adds to your growing list of expenses, but in my case it just eats into my personal time which doesn't have a dollar value. But it's the price I pay for the better work (not better pay unfortunately).
|
||
![]() |
![]() ![]() |
2 users like this post: |
![]() |
#439 | |||
Guest
Posts: n/a
|
Quote:
That sounds... intense. How do you service a 500'000 loan on 77k combined income? That'd be almost $600 a week. My income is more than your combined income was but I couldn't imagine paying $600/week. After you take out electricity, gas, phone bill, rego, fuel, insurances and groceries you'd have barely a dollar to your name. What happens if you have an emergency? |
|||
![]() ![]() |
![]() |
#440 | |||
FF.Com.Au Hardcore
![]() Join Date: Nov 2007
Location: Riff
Posts: 12,354
|
Quote:
__________________
FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
|||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#441 | |||
Guest
Posts: n/a
|
Quote:
For every person that I ask how they managed to get into the housing market, there always seems to be one big factor or lucky break in their lifestyle. Like they got to live rent-free at home while they saved a deposit, or they got an inheritance, or they have a company car which frees up their own money. I'm not disputing that you had to have worked hard to get your house but if you had that company car back when you first got your house... that's a massive advantage that the average person doesn't get. |
|||
![]() ![]() |
This user likes this post: |
![]() |
#442 | ||
Regular Member
Join Date: Dec 2011
Location: country nsw
Posts: 191
|
move bush you can still get a home for 100 to 200 thousand
|
||
![]() |
![]() ![]() |
![]() |
#443 | ||
Regular Member
Join Date: Dec 2011
Location: country nsw
Posts: 191
|
i would like a house at the gold coast or coffs or any other coastal town but 600plus is just a joke
|
||
![]() |
![]() ![]() |
![]() |
#444 | |||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,985
|
Quote:
*a mirror has all your answers |
|||
![]() |
![]() ![]() |
3 users like this post: |
![]() |
#445 | ||
Guest
Posts: n/a
|
Judging by your post history you've got to be around 50 years old, hardly a comparable experience to what later generations are going through in the current housing market given the income/house ratio is far worse than it was.
How can you even comment knowing that 'your time' was prior to when the housing market inflated? |
||
![]() ![]() |
![]() |
#446 | |||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,527
|
Quote:
|
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#447 | ||
Regular Member
Join Date: Dec 2011
Location: country nsw
Posts: 191
|
the housing market in nsw first got inflated in the 80s due to the first home buyers payment from the government dropped then reintroduced in 2000 was house prices go up by 3 fold due to anyone able to buy without saving a cent
|
||
![]() |
![]() ![]() |
![]() |
#448 | |||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,527
|
Quote:
|
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#449 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
|
Quote:
Leesa, which part of 17.5% versus 4% interest is it that you don’t understand? You’ve fallen in love with your problem. Stop being a victim. |
|||
![]() |
![]() ![]() |
![]() |
#450 | ||
Guest
Posts: n/a
|
You're brave. far braver than I. I wouldn't risk that size of a mortgage.
|
||
![]() ![]() |
This user likes this post: |