|
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 |
05-11-2021, 07:03 PM | #1711 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
|
Quote:
__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. |
|||
This user likes this post: |
05-11-2021, 07:04 PM | #1712 | |||
Banned
Join Date: Nov 2016
Location: Perth Australia
Posts: 3,618
|
Quote:
|
|||
05-11-2021, 07:24 PM | #1713 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,434
|
This thread was started not long before I bought my house. I'd been searching for quite a while passing over properties which had good potential before you get some experience.
I only got mine because of that, I saw potential in what it could be and not what it was. I know others who are still looking including a work mate who looked at the same house I bought and didn't even offer. Interest rates are better for sure but because of the growth instead of building equity they now have reduced options or and/or paying more like it ended up being for me. As far as house prices are concerned, the only thing you get from looking back is a sore neck I'm ideologically opposed to people building wealth this way with existing stock but I don't hate the player or even hate the game as I would say. Life is a lot easier if you deal with reality than what you want it to be. There is no incentive for politicians to make this better since they are into it themselves. Hoping for better won't change anything. In the interest of disclosure I did live at home while I saved up but I also paid my way. Too many don't use this to their advantage. |
||
6 users like this post: |
05-11-2021, 07:35 PM | #1714 | |||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,987
|
Quote:
congrats |
|||
05-11-2021, 07:49 PM | #1715 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,434
|
Quote:
Even my mum says it is ****ed these days but there are plenty who don't fully apply themselves. Funnily enough she is a boomer who bought an investment property to top up her retirement which is a flop and she won't get **** from it I live on the **** end of Canberra which is probably not as bad a deal as other cities but that is the trade off. |
|||
5 users like this post: |
05-11-2021, 07:50 PM | #1716 | |||
FF.Com.Au Hardcore
Join Date: Nov 2007
Location: Riff
Posts: 12,395
|
Quote:
please explain.
__________________
FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
|||
7 users like this post: |
05-11-2021, 07:56 PM | #1717 | |||
WT GT
Join Date: Jan 2006
Location: The GSS
Posts: 17,773
|
Quote:
Billy, When I’m looking over lake Como at breakfast deciding if it’s Russian or Hungarian caviar that’s on my toast I’ll reflect on my investment sins and remember your sage words about how unhappy I am. |
|||
11 users like this post: |
05-11-2021, 08:06 PM | #1718 | ||
FF.Com.Au Hardcore
Join Date: Nov 2007
Location: Riff
Posts: 12,395
|
__________________
FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC |
||
05-11-2021, 08:33 PM | #1719 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,660
|
Quote:
My reasoning is if you are prepared to make sacrifices and work hard you can achieve most things you desire, not whinging about how life owes you a living. Cold hard facts but true. I don't need yours or anyone else's sympathy. |
|||
05-11-2021, 08:53 PM | #1720 | ||
FF.Com.Au Hardcore
Join Date: Nov 2007
Location: Riff
Posts: 12,395
|
quoting you above in bold.
Yes it is. whilst people walk the earth, houses will be built to accommodate. Living within your means is the key. We cant all live on beachfront and walk to work, You do what you need to do. I think the thread title needs to have the "bubble" bit taken out of it.
__________________
FGII XR6 IN LIGHTNING STRIKE R52 SIII IN GUN METALLIC Last edited by russellw; 06-11-2021 at 05:29 AM. |
||
05-11-2021, 08:55 PM | #1721 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,224
|
Any chances of the bubble bursting is now over as the inflation genie has finally been released from the bottle. 13 years of loose monetary policies was always going to result in what is coming.
__________________
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 |
||
05-11-2021, 09:05 PM | #1722 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
|
Quote:
What's that property mob in China called? Evergrand or something? They owe hundreds of billions to creditors and it looks like they will collapse. Couple of weeks ago another Chinese property group defaulted owing over $200 million. Most of our borrowed money comes from international markets. Corona didn't work out so lets just crash the money markets... What was that phrase they used before, when another country we rely on sneezes we catch a cold?
__________________
___________________________ I've been around the world a couple of times or maybe more....... |
|||
05-11-2021, 09:07 PM | #1723 | |||
PURSUIT 250
Join Date: Mar 2009
Location: sydney
Posts: 5,827
|
Quote:
I want financial freedom. I want to live without worrying about a pension. I want to go to the shops and buy the best of the food. I want to not be worried about getting sick because I can afford the care. I don’t want to rely on anyone for anything. I don’t want to be a bitter old man wishing I tried harder when I was younger. Wishing that I took a risk. Mostly. I want to holiday. I don’t want to be stuck in a house watching tv like so many oldies Also a little about me and my wife. I’m a construction manager. Catherine is a director at a law firm. Both of us have never stopped educating ourselves and working hard. I’m not the smartest bloke in the world but I give it my all. Catherine on the other hand is one of the smartest and an even hard worker. We don’t waste money but we also don’t go with out or miss out on what I see as necessary Mum works for a book company. Dad was a printer Mil never worked. Fil is a mechanic. Never had a hand out or spoon in our mouths Last edited by Giant Cranium; 05-11-2021 at 09:12 PM. |
|||
12 users like this post: |
05-11-2021, 09:28 PM | #1724 | |||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 604
|
Quote:
If this whole buying investment properties is just a recent thing from last couple of decades, why is the game Monopoly turning 117 years old? Can't afford Mayfair, but I'm going to get Old Kent Rd and put a medi-hotel on it. |
|||
6 users like this post: |
05-11-2021, 09:34 PM | #1725 | |||
PURSUIT 250
Join Date: Mar 2009
Location: sydney
Posts: 5,827
|
Quote:
Honestly. Half of what you write I agree with. The other half I just can’t be bothered. If you are happy where you are at life and don’t want the cream that giving it a crack can do then thats on you. Cheer up and move on and care less what others do. We live in a country that can be what ever you make it. It’s not a dictatorship. If the world didn’t have people pushing forward and trying to be better than what they were given we wouldn’t have left the trees. Last edited by Giant Cranium; 05-11-2021 at 09:47 PM. |
|||
11 users like this post: |
05-11-2021, 10:06 PM | #1726 | ||
FF.Com.Au Hardcore
Join Date: Mar 2012
Posts: 5,069
|
|
||
3 users like this post: |
05-11-2021, 11:03 PM | #1727 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,434
|
Again you can live in a ideal world that doesn't exist or the real world.
The real world is I bought my house for $430k in 2017 and I reckon I could ask at a stretch for $700k right now no worries. I'm living in this place posting this **** on my unlimited NBN after many beers and owning nearly 40% of it. All the people who were looking for a bargain are ****ed I worried about it a lot but once I jumped in I just don't give a **** until I have to |
||
4 users like this post: |
06-11-2021, 12:07 AM | #1728 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Perth
Posts: 1,669
|
This is pointless because the 'haves' believe in the "just world" fallacy and think they worked harder. You won't convince them otherwise.
The poor, the younger generations, homeless or unemployed don't work hard enough you see. Everyone should fight each other for the crumbs, they did and won. Turn off social media and read a book. i recommend cav's "Fun Fear and Frivolity". Lots of good stuff to read rather than spending too much time on forums or social media. Most literary classics are free to get. (E: I got about 80 last week). Read a book or swing a spanner; most other things online are all doom and gloating, too much of the worst of people are all you get online these days. |
||
3 users like this post: |
06-11-2021, 01:35 AM | #1729 | ||
FF.Com.Au Hardcore
Join Date: Feb 2013
Location: Perth
Posts: 830
|
I don't want to work until I'm 65, I've got better things to do with my time which is why we invested in property. We busted our chops for 10 years to set ourselves up, now our kids are primary school aged and still enjoy spending time with us so I would rather spend my time doing stuff with them than working. Buying and selling our rental allowed us to do this. Whether or not someone else missed out on buying a house or not was not a consideration at all.
|
||
8 users like this post: |
06-11-2021, 08:03 AM | #1730 | ||
If it ain't broke........
Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,715
|
Just be thankful we live in a place called Australia instead of the likes of somewhere like Afghanistan . Then you would have something to complain about.........
__________________
Visitors welcome Relatives by appointment only |
||
7 users like this post: |
06-11-2021, 09:56 AM | #1731 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
|
It will burst in a bag way if we see successive rate rises over a short period. There's inflation, but not in wages, it's in goods because producer prices are what's going up.
|
||
06-11-2021, 10:46 AM | #1732 | ||
Moderator
Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
|
With rising property prices, pricing many first home buyers out of the market, especially younger couples, it's time to think outside the square.
For example... Two couples (that are friends and can get along), get together and build a home that is designed as "dual accommodation". Ownership as joint tenants or tenants in common. That $700,000 land house package... Now becomes $350K per couple. One block of land, half the deposit required each, 50% mortgage repayments for each couple, 50% each in utility costs, council and water rates, insurance, etc. Thus allowing each couple to save even more, for their own home later. Not the ideal living solution of course, but a way to at least get a foot into the market. Then sell a few years down the track, and use the capital gains to hopefully afford a place of their own. I'm surprised, that property developers have not started to look at designing and offering more dual accommodation floor plans, and marketed this solution. |
||
5 users like this post: |
06-11-2021, 11:03 AM | #1733 | ||
Banned
Join Date: Nov 2016
Location: Perth Australia
Posts: 3,618
|
I know a family in Sydney's Western suburbs who did that, but a brother and sister bought 2 sise by side blocks, built 2 duplexes and each lived in one and rented the other 2 which paid for them both, that was 10 years ago, they took the 2 adjoining duplexes and had it unfenced so they had one combined backyard!
Good idea too! Plus you keep an eye on your investment!.... |
||
This user likes this post: |
06-11-2021, 11:11 AM | #1734 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
|
They have. Check out how many granny flats are for sale or for rent nowadays. Around here people are paying a premium for 450m2+ blocks with wide frontage specifically to be able to do this.
|
||
2 users like this post: |
06-11-2021, 01:36 PM | #1735 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
|
My Son built his first house on a single retail salespersons wage 18 months ago so its still easily doable.
Sure its in a lower class area and only a townhouse so no real land but what 21yo wants to do gardening anyway. It was never meant to be a forever home but makes an ideal stepping stone. Costs him $260pw in repayments, what he saves in living and working 40 minutes from Adelaide he uses for holidaying when/where possible. The design he chose has 2bdrms each with its own ensuite, the long term plan is to use the equity to build in a better location and rent the rooms out to overseas students. It can be done but comes with sacrifice |
||
8 users like this post: |
06-11-2021, 03:55 PM | #1736 | |||
Guest
Join Date: Aug 2018
Posts: 1,892
|
Quote:
I've had to do It All Myself.. As a result of My having the foresight to have; 1) a Long range plan. 2) the self Discipline to see It through. I now have. A reasonable Property & Share Portfolio. That should enable Us to have a self Funded Retirement without been a burden to the taxpayers of Australia.. If Not for our Investment Properties. (that you so clearly disapprove of) We'd end up In a Renter relying on Rent assistance & the Old age Pension, to Live... I'm pretty sure We've more productive members of Society & a lessor burden to the Govt that the Guys who've spent their Lives ****ing it up the wall.. |
|||
5 users like this post: |
06-11-2021, 04:06 PM | #1737 | |||
Guest
Posts: n/a
|
Quote:
I'm not sure how not having investment properties results in you being a renter and relying on the old age pension, my entire point is that if housing isn't used as investment then it would be affordable for anyone on even a modest wage. There wouldn't be a reliance on rent assistance and old age pensions to have a house to live in. |
|||
This user likes this post: |
06-11-2021, 05:49 PM | #1738 | |||
Guest
Join Date: Aug 2018
Posts: 1,892
|
Quote:
|
|||
This user likes this post: |
06-11-2021, 06:40 PM | #1739 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
|
I think what Leesa is saying is that the option to make a self contributiin to a super fund was there, but the choice was made to invest in property instead.
Or, that money could have been invested in non essential areas. Whilst i fully support the ability for people to enter the housing market for owner occupier reasons, it would be a lot easier if housing wasnt used as a wealth building tool where those lucky enough to have benefitted from the last 25yrs of extraordinary growth have artificially inflated the market. Whilst a portfolio will support retirement, its also the reason a can of coke costs $3.50 and a coffee $6, neither are really worth that, its relevant to inflation of perceived wealth but thats affordable to people in that position, however the price isnt specific to people with investment properties. |
||
06-11-2021, 06:59 PM | #1740 | |||
FF.Com.Au Hardcore
Join Date: Jun 2013
Location: Adelaide
Posts: 1,614
|
Quote:
__________________
____________________ 2019 LDV G10 2009 Mitsubishi Express-GONE 2011 Honda Jazz ____________________ |
|||
This user likes this post: |