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#121 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,368
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anyone can do a general google search eh bOson.....
http://www.telegraph.co.uk/business/...us-conditions/ Japan has been a unique case for quite sometime. Heres some more https://resources.realestate.co.jp/b...ousing-market/ Hey settle XB GS, please were all not tarred with the same brush here in Syd, I'm sure you don't mean that ![]() I agree, its becoming a messy metropolis, some parts are woeful but as we know thats typical Cap cities. Like you I agree, its no luck what you end up having - its bloody hard work ! Same for myself and the wife, its work work work, were living good now due to that. I could re locate just as yourself on acreage, have my monster shed, increase my fleet of loved ones etcetc but were happy here still, in a good quiet pocket. Living my dream,yep, kids are healthy, doing ok, were healthy doing ok, got some toys, its is a great city but next is back to northern beachs living, we still like being close to what suits US thanks very much.
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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; 08-06-2017 at 04:30 PM. |
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#122 | ||
All Bran = Regular Member
Join Date: Feb 2006
Location: BrizVegas
Posts: 1,970
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Yep.
Been working for myself for 45 years (doing different things). Often been told how "lucky" I am to have this that or the other. As my old man said "You'll find in life that the harder you work the luckier you get..."
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#123 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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#124 | |||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,442
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Quote:
![]() I have never been 'given' anything nor have I been lucky. It's all been planning and hard work.
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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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#125 | |||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,442
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Quote:
A mate of mine calls it the 'boiling a live frog effect' put the frog in a pot of cool water and sit it on the fire, poor frog does not realise he is getting cooked till it's too late. At the end of the day everyone likes different things, even going to Sydney for a day trip makes me sad for our country, the stench of raw sewerage and exhaust fumes makes me feel sick to my stomach, If they were giving away free houses in Sydney they seriously could not give me one if you had to live in it
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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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#126 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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Property has been anything but risky. The beneficiaries have ridden a 20 year boom that in combination with favourable taxation, has required very little capital to build wealth. I can only therefore assume by risk, you mean the card game.
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#127 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#128 | ||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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Its all relevant. Every generation has barriers to deal with, I don't subscribe to the theory ''its harder today than in the past''. That's for whingers who don't know how to say no and insist on having everything now. Everything worthwhile takes time, and the pleasure from earning something through hard work cannot be measured I believe. My wife and I decided not to have children which has made things a lot easier. I don't know why so many people have kids when so many complain how hard it is. Not many people these days think before they leap it seems. Mortgages, cars, kids, pets, then all the technology. People need to slow down, simplify their lives and concentrate on the things that really matter.
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#130 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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#131 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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Man I love all these threads.
I've managed to buy three properties by just working hard. Everyone whines about not being able to afford a house but my generation will not compromise on things to be able to afford it. I started from nothing, had a job when I was 15 and started saving, got my first house at 22. I don't have a 100k job, i simply have a rule, for every $ I spend, I save a $. In my early 20's I worked away from home more than I was home, but it was worth it. I have lived, I like to think I have a good work/life balance. I have travelled the world, and I have done some amazing things over the years. I'm not trying to blow my trumpet i'm just saying I am over people saying it's too hard, it's not. I'm a simple bloke with a simple job, if i can do it anyone can, seriously. If you want something bad enough you will get it. Last edited by fordomatic; 09-06-2017 at 12:12 PM. |
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#132 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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Quote:
We are at record low interest rates, and affordability is about as bad as it was when we had record high interest rates (which went back down fairly soon after). Back then, we would have advised the young not to get in over their heads, today we criticise them for not doing it. Cherry picking the hipsters that throw their money around doesnt change the fact that someone entering the property market now is at a profound disadvantage economically compared to someone 20 years ago. |
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#133 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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Quote:
Lets say cars cost 1 year of pay, and have done for years and years. You buy one. Lets say for whatever reason, something happened to start to push up the price of cars and now they cost 3 years of pay. Lets say it takes you 5 years to pay off your car. The guy who decides to buy a car now that they cost 3x more, will be repaying his for around 20 years. Now lets compare you with him. Over a 20 year period, you have 15 years of not having to make payments, that you can now save/invest/etc. The guy that paid 3x more is still just paying his off. When you both retire, you will do so with the advantage of 15 years extra $$$ saved on those repayments you didnt have to make. Are you going to say you both lived under the same economic conditions, and that you simply worked harder to account for your greater prosperity? |
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#134 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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Quote:
Why would I say I lived under the same economic conditions? I'm only 30 mate. My brother is 24, had a 65k job for 6 years and almost owns his first house, through hard work and dedication and choosing somewhere to live that isn't 1million just to buy in. His house is only 2 bedroom, who actually "needs" a 4 bedroom house, no one. |
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#135 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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I also appreciate those who like a bigger property as well, i'm just saying you buy what you can afford at the time, and you make sacrifices to be able to afford that, whatever it is.
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#136 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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Reductio ad absurdum....
At some point, the only way for someone to buy is somewhere out in the sticks, possibly hours away from work, because there's no work in the sticks. Hell, just a couple weeks ago when I received a delivery, the driver commutes from Newcastle to Sydney because he cant find work there. How is that in any way reasonable? |
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#137 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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Double post
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#138 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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Quote:
YOU choose your own path in life, what you choose to do with it is up to you. I'm a simple country kid who chose the path I now lead and I did it my way because I chose too. Everything in life has a trade off for the solution, you choose what that is. You can't keep blaming society and the government for what is happening, you will never win. |
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#139 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,565
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So when you say you own three houses, is that outright?
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#140 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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I wont go into details on here but almost, if all was said and done and i sold all three which are very close to the same worth I would get to keep the cash from 2 of them. Retire at 45 is my plan and i'm well on the way to achieve that. I also have a wife and son so i'm not a single guy with zero outgoings.
Further to this, I actually think the house market will pop in the future, but it will recover like it always does. I'm in it for the long haul so it doesn't phase me. I also don't have all my eggs in the one basket. |
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#141 | ||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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Always amazed how many become righteous when they see a error or a quote. For ''Non automotive chat'' it quickly degenerates into attacks on who has/hasn't and how they came to be in that position or not.
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#142 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
It doesn't matter how many times you unlock the front door of your new purchase, it will never come close to holding your own child for the first time. I rent by choice and have 4 kids, none of which i'd give up to have my name on a property title. Life is short and no matter how much you invest, save and go without, in less than 70yrs we'll both be dead, only i'll have a family to grieve for me and you'll have a fancy coffin and a big fat bank balance you can no longer spend. Who's missing out on the things that really matter? |
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#143 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,368
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Great to see some Good news stories coming from knuckling down, focus, goals.
b0son just as fordomatic quotes, not wishing to go back and forth BUT all I'll say is this short snap shot of my ride. Started later than many re 1st house. Partied, travelled,surfed but worked hard, cars galore up to 5 owned at once regoed insuranced. @ 28yrs met "that girl"..... My bank was empty but I was ready to marry. Cried to Dad, well not that but asked can we live with you for a year so as to savesavesave. When I think about what it costed back then to get into our 1st place I shuddered the thought of THAT much debt, I recall sitting in the bank to sign the mortgage papers like it was a sentence ! The old man said you got 2 choices, miles away from our areas or be prepared to buy the worst house on a good street. We bought a s-hitter ! Within the 1st year of marriage @ 30 no 1 son coming, I/we had a mortgage out of our a rse's...... Worked on this place with our bare hands, lived tight ! Spent $20k on it over 5yrs - doubled our money on the sale. Next purchase - much better area but again the worst house in a good street. Same again, by then no2 arrived and before we knew it no 3. I never thought we would make it ! Life has so many Sky is Falling scenarios, be it the economy, personal hurdles, job, you got keep your head UP, be positive and strive what you Want. We felt no different to what you harp on about, you hate hearing this but thats life ! I bitched to my old man, why do I have to buy a house, why do I have to be in debt because you did it and most others. Well, thats your choice eh. Stop crying us a river ! My eldest near on mid 20's now, he knows what he needs to do and is getting on with it. Great saver, expect marriage soon with girlfriend of last 3yrs, great couple, grounded and have their goals set. We will gladly dip in to help them but TBH I know my son will likely say no thanks Dad we have it covered ! Whining gets you no where.
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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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#144 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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Quote:
You simply cant compare that with someone trying to enter now at the top of a market thats the worst its ever been in terms of price versus income (and thats before we bring up the possibility of a rate rise). The lack of empathy in this thread depresses me frankly. You'd never know any of you were parents. |
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#145 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,368
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FFS, in one ear out the other !
Ever had 15+% interest rates on cards for starters ? nope. Our mortgage interest rates also were higher through those early times. The point is not comparing the past to the present by facts and figures alone otherwise yes shoot yourself BUT to just get ON with it - someone else is right now at your age thats the point........ There will always be those who get on with it no matter the hurdles ahead and those who are beaten even before making effort to the start line. I don't think most good natured parents is happy of the current climate ahead but I sure wouldn't be saying to mine its hopeless case !
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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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#146 | ||||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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Quote:
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#147 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,368
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yep ok......
What type of post would suit you ? What do you wish to read.
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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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#148 | ||
Lyminge, Shepway, Kent
![]() ![]() Join Date: Oct 2008
Location: Geelong - Go Cats
Posts: 3,197
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I'm in property finance in Geelong and the key is to focus on what you can do.
Subject to adequate income and I can get you into a 2 bedroom unit (not in an ex-housing commission area) at a purchase price of $250,000 with a $19,000 all up contribution. The $19,000 doesn't need to be savings, it can be a gift. If you can afford it, you can even put the deposit on a credit card. Get in, spend 3 years paying the debt down as quickly as you can. At the end of that time, if you have paid everything off except your mortgage and you have seen a 10% increase in the value of your property, you can buy another one and rent the existing one out. You are off and running then. For sure you won't start with a great house in the perfect street, but you'll get a start. My first house was on a busy street next to a car yard and down wind from a stink pipe. Focus on what you can do, not on how hard it is to get everything you want right now.
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Mel Brooks sums it up best; "Comedy is when you fall into an open sewer and die, tragedy is when I get a paper cut" |
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#149 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#150 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,696
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Quote:
I live in a very "posh" area, I rent, the amount of mid to late 20's that are in the cafes every day of the week astounds me. The wife and I go for coffee on the weekends and eat at home when we go out with friends, it's all compromises. When i'm 50 and retired doing whatever i want to do i will not regret not going for smashed avo on a Saturday and i won't regret doing our overseas travel on a budget. |
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