Australian Politics Forum - House Prices on the move... UP!

Sir lastnail

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Re: House Prices on the move... UP!
Reply #105 - Feb 14^th, 2013 at 1:33pm

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

Now we are told by the experts that Australia is so special and house prices never collapse of course Cheesy

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

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longweekend58

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Re: House Prices on the move... UP!
Reply #106 - Feb 14^th, 2013 at 5:46pm

Carl D wrote on Feb 14^th, 2013 at 1:24am:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

what I said is that she is - like - you - paying for her past mistakes in not buying her own home. When Im her age I will own my own home and probably downsize and take $300,000 in cash as the difference. I will live rent-free while she has to pay continually and has nothing. it has been just a lifetime of bad financial decision-making.

Past mistakes... past mistakes... "shoulda coulda woulda"... blah blah blah...

Firstly, I do not have the time or inclination to explain my life story to you or anyone else.

With that said... OK, Mr. Big Financial Advisor (lol)... let's have it... what advice do you have for me about being able to afford to buy my own home RIGHT NOW. Not decades ago but RIGHT NOW.

1. I'm 55 years of age with no other family here except my 83 year old aunt.

2. If I had a full time job with my present qualifications I would probably earn no more than $40,000-$45,000 per annum. Is that enough to get a home loan? Nah... didn't think so.

Mind you, I'm still laughing about what happened after I finished my last full time job at the end of 2006 (the place closed). I went to the bank to see them about something and while I was there I started discussing houses and house prices and the bank lady (who I'd only told 5 minutes earlier that I was out of work) said "Do you need a home loan? We can arrange one for you". Grin

3. I have about $20,000 in savings and about $30,000 in superannuation so far.

4. I am taking care of my abovementioned elderly aunt and she has NO INTENTIONS of EVER moving house again. We've moved twice since 2005.

I'm starting to think that all this wonderful financial advice (lol) you've been giving people here over the years has mainly consisted of telling them what they should have done years ago and the mistakes that you think they've made.

While you're pondering all that I'll just keep working on that time machine...

so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

you COULD actually buy a home now but you woudl need to buy a smallish place and you might even have to get a full-time job. but no... in 25 years time you wil be 80- and exactly the same as your aunt. ho home, no capital and destitute.

where have you been the lat 30 years while everyone else was buying a hosue?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: House Prices on the move... UP!
Reply #107 - Feb 14^th, 2013 at 5:48pm

Sir lastnail wrote on Feb 14^th, 2013 at 10:23am:

Carl D wrote on Feb 14^th, 2013 at 1:24am:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

what I said is that she is - like - you - paying for her past mistakes in not buying her own home. When Im her age I will own my own home and probably downsize and take $300,000 in cash as the difference. I will live rent-free while she has to pay continually and has nothing. it has been just a lifetime of bad financial decision-making.

Past mistakes... past mistakes... "shoulda coulda woulda"... blah blah blah...

Firstly, I do not have the time or inclination to explain my life story to you or anyone else.

With that said... OK, Mr. Big Financial Advisor (lol)... let's have it... what advice do you have for me about being able to afford to buy my own home RIGHT NOW. Not decades ago but RIGHT NOW.

1. I'm 55 years of age with no other family here except my 83 year old aunt.

2. If I had a full time job with my present qualifications I would probably earn no more than $40,000-$45,000 per annum. Is that enough to get a home loan? Nah... didn't think so.

Mind you, I'm still laughing about what happened after I finished my last full time job at the end of 2006 (the place closed). I went to the bank to see them about something and while I was there I started discussing houses and house prices and the bank lady (who I'd only told 5 minutes earlier that I was out of work) said "Do you need a home loan? We can arrange one for you". Grin

3. I have about $20,000 in savings and about $30,000 in superannuation so far.

4. I am taking care of my abovementioned elderly aunt and she has NO INTENTIONS of EVER moving house again. We've moved twice since 2005.

I'm starting to think that all this wonderful financial advice (lol) you've been giving people here over the years has mainly consisted of telling them what they should have done years ago and the mistakes that you think they've made.

While you're pondering all that I'll just keep working on that time machine...

yes longloser always talks about the one property purchase he made in the past as though it applies now. My parents paid 5000 pounds for their joint in the 50's and now it's worth over 2 million !! To me it's not worth a tenth of that just to get a roof over your head !!

Successive governments have done nothing to curtail house prices. In fact they have done everything to pump them up and that includes medaling in the background to stop prices from crashing. Negative gearing scams, first home buyers scams, changes to foreign investment rules etc are all designed to keep the bubble pumped up and make people pay through the nose. Little wonder there are now 850,000 in mortgage and rental stress Sad

So like you say what great financial words of wisdom does longloser have for anyone today when buying a roof over their head ? Perhaps a time machine might be handy Grin

it still wouldnt do u any good. you are that arrogantly stupid that if you went back in time 15 years when you could buy a house for 30% of what you do now, you STILL wouldnt do it. tell me Im not right!

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: House Prices on the move... UP!
Reply #108 - Feb 14^th, 2013 at 5:50pm

Sir lastnail wrote on Feb 14^th, 2013 at 1:33pm:

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

Now we are told by the experts that Australia is so special and house prices never collapse of course Cheesy

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

did I actually read you saying that we should have ENCOURAGED our property market to collapse??? you are aware are you not that the GFC didn't cause the property collapse but rather the property collapse caused the GFC?

are you really that bitter that you would happily cause a severe recessions/depression JUST so you could see housing prices crash?

ironic thing is you still wouldn't buy. because you'd still have no money

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Bobby.

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Re: House Prices on the move... UP!
Reply #109 - Feb 14^th, 2013 at 5:52pm

Longweekend,
My place hasn't even doubled in the 10 years since I bought it -
in fact it went down in price 16% last year compared to 2011.

Many people are under mortgage stress & I think we'll see quite a few fire sales this year.

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

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longweekend58

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Re: House Prices on the move... UP!
Reply #110 - Feb 14^th, 2013 at 6:01pm

Bobby. wrote on Feb 14^th, 2013 at 5:52pm:

Longweekend,
My place hasn't even doubled in the 10 years since I bought it -
in fact it went down in price 16% last year compared to 2011.

Many people are under mortgage stress & I think we'll see quite a few fire sales this year.

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

what has it risen in the last 10 years?

bet you cant even answer it.

btw YOUR house is not indicatiove of the 10million other houses in the country. PLus I dispute your 16% drop in price. how did u even get that figure? do you get a professional valuation each year or are you as I suspect simply making it all up... again.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Bobby. Gold Member Offline Australian Politics Posts: 104726 Melbourne Gender:	Re: House Prices on the move... UP! Reply #111 - Feb 14^th, 2013 at 6:02pm Answer my question - not a question with a question.. Question: if property was so good why didn't you buy up a few houses 15 years ago?
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Carl D

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Re: House Prices on the move... UP!
Reply #112 - Feb 14^th, 2013 at 6:17pm

Quote:

longweekend58: so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

I didn't say either of us have made bone-headed or any other kind of financial decisions. And, where did I say I haven't worked in 7 years? I said I haven't worked FULL TIME since the end of 2006. Do you like altering the facts to suit your own agenda?

Quote:

longweekend58: you COULD actually buy a home now but you woudl need to buy a smallish place and you might even have to get a full-time job. but no... in 25 years time you wil be 80- and exactly the same as your aunt. ho home, no capital and destitute.

If I could afford to buy a place right now I'd certainly be destitute long before I reached 80. Let's see... I'd get $45,000 a year tops for a full time job. What's the average mortgage repayments these days? $3000 a month?

So, that's $36,000 a year alone just for mortgage repayments. That leaves me $9000 a year for everything else... food, water, electricity, gas, car running costs, etc. etc. Can't see that working out too well, can you? And, what happens when I retire at 65? And yes - I am retiring at 65. I am not going to work a day longer than I have to. To hell with it. I've worked since I was 16 and I plan on enjoying my retirement.

At least with public housing I will only ever pay a quarter of my income in rent, whether it be from paid work, unemployment benefits if I lose my job, and the pension when I retire.

Quote:

longweekend58: where have you been the lat 30 years while everyone else was buying a hosue?

As I have said in a previous post... I do not have the time or inclination to tell my life story here (even if it were any of your business to start with).

That's it. I'm done here. It's like trying to have a discussion with a chimp.

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John Smith

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Re: House Prices on the move... UP!
Reply #113 - Feb 14^th, 2013 at 6:34pm

Sir lastnail wrote on Feb 14^th, 2013 at 1:33pm:

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

what exactly did labor do for property that wasn't already in place before the GFC?

Now we are told by the experts that Australia is so special and house prices never collapse of course Cheesy

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

no one said you cannot lose .... you always lose if you don't buy right ... you need the right plan for the right property at the right time... lets not confuse losing money to a property market collapse

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longweekend58

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Re: House Prices on the move... UP!
Reply #114 - Feb 14^th, 2013 at 7:27pm

Carl D wrote on Feb 14^th, 2013 at 6:17pm:

Quote:

longweekend58: so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

I didn't say either of us have made bone-headed or any other kind of financial decisions.

no, I did and all you ahve done is confirmed it. you could have bought a house 30 years ago and had it all paid off now but just like youru aunt, you didnt and for the same reasons. DUMB. so now you get to live in govt accomodation paying rent for the rest of your life. great decision? no. it was a BONE-HEADED one.

And, where did I say I haven't worked in 7 years? I said I haven't worked FULL TIME since the end of 2006. Do you like altering the facts to suit your own agenda?

Quote:

longweekend58: you COULD actually buy a home now but you woudl need to buy a smallish place and you might even have to get a full-time job. but no... in 25 years time you wil be 80- and exactly the same as your aunt. ho home, no capital and destitute.

If I could afford to buy a place right now I'd certainly be destitute long before I reached 80. Let's see... I'd get $45,000 a year tops for a full time job. What's the average mortgage repayments these days? $3000 a month?

So, that's $36,000 a year alone just for mortgage repayments. That leaves me $9000 a year for everything else... food, water, electricity, gas, car running costs, etc. etc. Can't see that working out too well, can you? And, what happens when I retire at 65? And yes - I am retiring at 65. I am not going to work a day longer than I have to. To hell with it. I've worked since I was 16 and I plan on enjoying my retirement.

At least with public housing I will only ever pay a quarter of my income in rent, whether it be from paid work, unemployment benefits if I lose my job, and the pension when I retire.

Quote:

longweekend58: where have you been the lat 30 years while everyone else was buying a hosue?

As I have said in a previous post... I do not have the time or inclination to tell my life story here (even if it were any of your business to start with).

That's it. I'm done here. It's like trying to have a discussion with a chimp.

so with all these financial challenges ahead what do you do? you work part-time. it is a bit hard to take your probems seriously when you are totally unprepared and unwilling to take the stpes to fixing them. you wont even work fulltime!!!!

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sir lastnail

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Re: House Prices on the move... UP!
Reply #115 - Feb 14^th, 2013 at 10:32pm

longweekend58 wrote on Feb 14^th, 2013 at 6:01pm:

Bobby. wrote on Feb 14^th, 2013 at 5:52pm:

Longweekend,
My place hasn't even doubled in the 10 years since I bought it -
in fact it went down in price 16% last year compared to 2011.

Many people are under mortgage stress & I think we'll see quite a few fire sales this year.

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

what has it risen in the last 10 years?

bet you cant even answer it.

btw YOUR house is not indicatiove of the 10million other houses in the country. PLus I dispute your 16% drop in price. how did u even get that figure? do you get a professional valuation each year or are you as I suspect simply making it all up... again.

and how much has bank debt gone up as a result of house prices going up ? Somehow you think your house has magically gone up in value just because you live in australia and not because it has been fueled by huge amounts of debt which by the way has to be paid back one day + interest of course Wink

anyway let me help you answer your question Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Frances

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Re: House Prices on the move... UP!
Reply #116 - Feb 14^th, 2013 at 10:46pm

John Smith wrote on Feb 13^th, 2013 at 9:52pm:

I believe you were looking in Sydney

Yes, but we're not settled on exactly where. We were considering the inner west, but all the places we've seen that we like are at least $1.2m and we don't want to spend quite as much as that (we saw one place at Canada Bay that was for sale for $950,000 and it was practically falling apart). So far we've looked at Eastwood, Epping, Cherrybrook, Turramurra, Pymble and Oatlands. We also saw a lovely Californian bungalow in North Parramatta - it was very original with all the fancy woodwork but the rooms were a bit on the small side - I don't think all our furniture would have fitted in the dining room and lounge room.....

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Sir Spot of Borg

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Re: House Prices on the move... UP!
Reply #117 - Feb 15^th, 2013 at 4:27am

longweekend58 wrote on Feb 14^th, 2013 at 7:27pm: