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08-02-2023, 10:25 AM | #2281 | |||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,362
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Second hand appliances. Plenty of bargains, plenty of perfectly good reasons stuff is for sale. Get over the pride, clean it mercilessly and it’s your win for the budget - no longer someone else’s cast-off.
FWIW my parents had no TV until Quote:
Last edited by Citroënbender; 08-02-2023 at 10:38 AM. Reason: Amended date |
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08-02-2023, 11:08 AM | #2282 | ||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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Drop the idea getting a loan for new car, dead loss for the privilidge.
Wait till you can actually afford the hit. That must do a OS trip. Drop Uber eats. Do you really have to have those "branded" clothes and 250up Nikes or McQueens. Women or your partners spenditure on salons,make up,lashs,injections. Gyms are OTT cost today, do it at home, YT is your friend. App expenditure. CB mentioning retro or Op Shops. To this day my wife loves visiting Vinnies/Smith family shops. Passing on our great condition cast offs for someone's good use she buys bargains every time be it brick or brak and clothing new countless times. Another money spinner she use's FB market place to de clutter, the quick 1 $200 always pays for a take away night for eg or a Dan M visit.
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08-02-2023, 11:25 AM | #2283 | ||
#neuteredlyfe
Join Date: Apr 2012
Posts: 10,625
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For the millennials...
FTE217 and Citreonbender have suggested buying second hand. This does not mean go shopping at a hipster 2nd hand shop and buying something 'retro'. |
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08-02-2023, 11:57 AM | #2284 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,362
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Some yard things are not so good second-hand unless you’re well-skilled and tooled up. Fencing (metal, including aluminium) is one example, decking materials another. You’re generally saddled with unsuitable dimensions or age related deterioration. I notice people often ask too-high prices for used modular retaining wall components.
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08-02-2023, 12:55 PM | #2285 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
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08-02-2023, 01:01 PM | #2286 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Plus, the more you deal with people on a more direct personal level and try to mix with that a business relationship the more you hate dealing with people and regret taking on the tenants.
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08-02-2023, 01:06 PM | #2287 | ||||
Guest
Join Date: Aug 2018
Posts: 1,892
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Quote:
We just take it Home & freeze It, Quote:
Absolutely, The Flavour gets a Chance to Infuse itself throughout the Meal.. |
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08-02-2023, 01:12 PM | #2288 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Was $72k (total) if I recall. I had the cash to buy it outright yet I failed the loan application as I was working casually (full time or more hours). So I bought it outright to not lose the sale then refinanced it several months later for a valuation of $93k. Last year (or late 2021??) I applied for a $6k travel credit card (the lowest you could apply for). I applied for it after not working almost 4 months due to a period of holiday time off then 3 months of lock down. I failed the application due to not having an income, but with having a 7 digit bank balance earning interest. "The computer says no"... Interest (nor the actual money) wasn't factored in as income or assets because it was not secured or guaranteed "I could pull it out and spend it tomorrow". I don't have many kind words to say about the banking industry as a whole.
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08-02-2023, 01:22 PM | #2289 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Went to 4 auctions last weekend.
The market is very strong between the $900k-$1.2m bracket. Lots of bidders and vendors still getting decent money. I think once you go over $1.3m things get much harder. (SW Sydney). Many of my saved properties are also selling prior to auction. Another agent I'm dealing with did the right thing and messaged me with a pre-auction sale offer that I had the option to beat. The other sale I missed out on last week was almost certainly an inside job as the price they got was well below value and less than I would have paid had it went to auction or had I been offered the chance to counter offer. I have removed all saved properties from that agent and will refuse to deal with them. What I have also noticed is that my notifications for properties that match my criteria has all but dried up. Where I would get 10 matches a week late last year it has fallen to 2 or 3 matches a week. Got another open this afternoon and will be a little bit more forceful in seeing if they will entertain offers prior to auction. It 90% matches what I need but if the price is right I will have some play money left over to fix up what's lacking. And it's from the same agent that gave me the courtesy of a text message for the other place I inspected so lets see what happens.
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08-02-2023, 01:25 PM | #2290 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
I'm a member of a tight a$$ FB group - some of their discount finds really put me to shame lol. Needs to be right place at right time.
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08-02-2023, 01:26 PM | #2291 | ||
The 'Stihl' Man
Join Date: Jan 2005
Location: TAS
Posts: 27,585
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08-02-2023, 01:39 PM | #2292 | ||
Donating Member
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,813
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Live within your means, simple really.
I'm in my late 30's. I support my wife and two kids on my single income, which for Canberra is considered below average. We have a mortgage for investment properties and rent where we live for about half the market rate of rent. We shop at Aldi, fresh food markets, get petrol from Costco. We are smart with our money. Coffee machine at home, instead of getting it when out. When COVID hit we lost $1800 a month because on of our investments is a hotel. We managed to survive without dipping into savings, thanks to low interest rates. Our mortgage has gone up by $850 a month. We aren't stressed about it because we survived on 2k less a month through COVID. Flip that to all our friends who are constantly crying poor. We are the only single income family out of all our friends. They all have new cars, go out for meals all the time, have all the fancy stuff in their houses. It drives me crazy when they whinge about being poor, in reality they are not, neither am I. My kids are lucky, they don't miss out on anything from the sacrifices we've made. We don't go to the shops on the weekends. We are out hiking, fishing, surfing, spending time as a family and giving them experiences they will remember rather than things that will get thrown in the bin. Everyone is different, but some need a reality check. I remember not eating red meat as a kid for 12 months because the farm was so far in debt. I remember eating rice and pasta for most meals and only having jam sandwiches for lunch when times were tough etc etc. We didn't even have a TV until I turned 13 (remember i'm still young now). None of this changed the way I grew up other than making me realise that you can't have what you want without hard work.
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Proud owner of the ugliest Ford ever made Last edited by fordomatic; 08-02-2023 at 01:46 PM. |
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08-02-2023, 01:53 PM | #2293 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
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Good ideas on how to cut spending but I fear the bigger issue is convincing people to consider it in the first place.
Theres a whole generation of young adults out there who've never experienced the need to tighten spending, they also make up a good percentage of those who only buy the latest of everything to compete with their friends. As if any of them will be the first to be 'that' person in the group and buy 2nd hand or not at all. I think its more likely people will opt for 2nd jobs to support their current spending habits than consider spending less, unfortunately the collateral will be the children who are already suffering the effects of attention deficits. |
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08-02-2023, 02:22 PM | #2294 | |||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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Quote:
As for "systems" this is life no matter how cashed you are or not as you know. Why wouldn't you have drawn $6k out into a debit card unless there's other techicalities I don't know. Agreed re the $900 - say 1.3 segment, thats the volume good entry price staying solid, the open days we've attended is damn busy with interest, I just wonder how many are actually ready and serious to buy. Alot of compramise at that price level might I add but thats the segment in Sydney. Having just been in the GC week before last, looking in areas such as Currumbin/Elanora/Palm Beach, just west off the Hwy being the beach a block off east side you can get into 2/3bed house's easy that kind of budget and under 900k. Waterways are close by, you'd be a 10min drive to the beach. Apartments your in easy 900k and obviously if you want beachside you pay 1M up but its nice not in burbs like Sydney.
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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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08-02-2023, 02:56 PM | #2295 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
So was trying to save a bit on the fees when travelling. Have gone OS 5x since borders opened so as you can imagine I would have racked up quite an amount of fees. Oh well, I guess there are worse things I could whine about.
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08-02-2023, 03:48 PM | #2296 | |||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Quote:
I know of a better one
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08-02-2023, 03:59 PM | #2297 | |||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Quote:
There's just a few itty bitty little details that can easily be overlooked in your poor estimation of boomers. For a start we didn't have paid parental leave,,,gymnasiums in the workplace...childcare subsidised or...on site in the workplace...etc etc etc And after all that I clearly remember working on a Sunday, double time...and bringing home less than a single time hourly rate. WHY? Because we endured a 60% income tax rate above $35k a yearr. Add in 17% interest rates and that makes those comparisons a little more equitable now doesn't it...
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08-02-2023, 04:28 PM | #2298 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,375
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Quote:
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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08-02-2023, 04:57 PM | #2299 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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Quote:
https://www.abs.gov.au/ausstats/abs@...3!OpenDocument What is it today? $70-185 per DAY?
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~~~~~~~~~~~~~~ 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. |
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08-02-2023, 05:08 PM | #2300 | ||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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ah the ol gov stats like wiki is the oricle......
Its a general overview and typically Gov right. Most of us/parents like to have your son/daughter in a clean well run one and also depends on your location and facilities available with spaces etc.. The figures in the Gov doc who knows where they based it from but a general rule of thumb. We were paying $70 a/w daycare, my wife looked high and low and close enough proximity from our place regards transport, no traffic you might get there in 20min with luck, traffic 30+, worse late arvos picking up 5.30/6pm.. I wouldn't be feeling smug and loling that you got him for for us, we were busting our guts and I used to say to the wife is this worth it how much it eroded into her wage but we had no choice.
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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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08-02-2023, 05:18 PM | #2301 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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I can all I like because some of the stuff being sprouted is laughable.
ABS is Australian Bureau of Statistics. Its actual data from government agencies. Quote:
Smug is when boomers or the likes, who reaped the rewards of the biggest boom time, telling kids they can own their own home only if they were willing to give up their lattes and smashed avos. And you wonder why kids these days are feeling disillusioned.
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~~~~~~~~~~~~~~ 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. |
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08-02-2023, 05:35 PM | #2302 | ||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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all power to you, not sure you come across well but thats your type making point of cheap milk and avo's I didn't.
Water off a ducks back you da kid.
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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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08-02-2023, 07:18 PM | #2303 | |||
Moderator
Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Quote:
All my kids are Millennials in their 40's, late 30's and late 20's. They are all in their first homes. So, going not only by my firsthand experience as a Boomer, but also seeing how my millennial kids are doing, I can definitely say we boomers in general had it a lot easier back in our day. I bought my first home in a well to do, upper middle class suburb, just 20kms from the Melbourne CBD. Cost me $39,000, and I put down a $9,000 deposit, which only took me less than a year to save for on an average wage. Interest rates started for me in 1984 at just under 11% and rose to 17% by 1990. By contrast, My kids all have $500K plus mortgages at circa 5% at today's rates. If I asked my Millennial kids the following question, I know what their answer would immediately be... "Would you rather have a mortgage of $30,000 at 17% or a $500,000 one at 5%?" Life is a 30 year mortgage... It's not so much the interest rate that's important. It's really the amount you need to borrow today and the huge monthly repayments you need to find for every month of those 30 years. (Not to mention the much harder to attain 20% deposit needed today). Even allowing for higher income tax rates and lower average incomes back in the 80 -90's, than today, Boomers were still better off IMO. You said. "WHY? Because we endured a 60% income tax rate above $35k a year" That was true... But the difference was, you did not have to earn more than 35K back in those days, to comfortably get into your first home and meet the repayments. Taking into account that the average adult Australian wage was only $27,000 back in 1990. Boomers also had the added benefit of seeing some of the best boom years in Aussie Real Estate, building their equity and wealth a lot quicker. The first home I bought in 1984 for $39K, I sold 18 months later for $68K... A massive 74% increase in less than 2 years. Took the $68K and bought a bigger home for that amount (but a little further out were land was cheaper)... Sold that 4 years later for $133K... A 95% capital gain. And both of those were including doing no renovations or major improvements other than a lick of paint. So in reality, although interest peaked at around a high 17% during that time... I never really paid any interest in real terms after taking the huge boom years of capital gains into the equation. Many Boomers did equally well in Real Estate that set them up for life, if they are totally honest. There is no question in my mind that the Boomers had it the best, in all the 7 generations from The Greatest Generation to the present Gen Alpha's. |
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08-02-2023, 08:20 PM | #2305 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,661
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Quote:
In those days both of us were low wage earners, I won't bother with figures but trust me not all boomers were getting an easy ride as some think. |
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08-02-2023, 09:11 PM | #2306 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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So Kerri from Coogee has caused quite a stir. Interesting comments from boomers and the likes. Good to see some can park their ego and acknowledge the challenges of today's generation.
https://twitter.com/abcnews/status/1...689612800?s=20 Quote:
I know how hard it was. Dad worked over time satdays and sundays for 10+ years just so he could pay off the mortgage, get us to school, give us the luxuries we wanted, and have enough to retire. We hardly got to see him which strained the relationship, but I am forever grateful. Despite all that, he is not lecturing the current generation on how much easier it is today. In fact, he
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~~~~~~~~~~~~~~ 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. |
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08-02-2023, 10:00 PM | #2307 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,661
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Quote:
Probably not much choice where you want to live but still obtainable in reason, no different in our day, you went where it was affordable. |
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08-02-2023, 10:16 PM | #2308 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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I could banter with you all day and pick things apart but wil just quote that bit and agree with you
I have three millenial kids. one earned 500k last year the other earned 450k. No sympathy from me....both are renting...FFS
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08-02-2023, 10:22 PM | #2309 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Yep. Stop being an employee..start a business. Else you are destined to be just another loser,
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08-02-2023, 11:29 PM | #2310 | ||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,661
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