Australian Politics Forum - Best way of realising equity in a home?

Jovial Monk

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Re: Best way of realising equity in a home?
Reply #30 - Sep 22^nd, 2023 at 7:32am

There is no arid land in Tasmania.

I am 76 not 80. YOU, Larry, are obviously facing some landmark age and are afraid of it and, as is your cowardly wont, you project that onto others.

I do not have dementia, I am glad to say.

YOU are the one spouting absolute crap and because of your autism and drug abuse think you speak perfect sense.

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Lisa Jones

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Re: Best way of realising equity in a home?
Reply #31 - Sep 22^nd, 2023 at 9:18am

Gordon wrote on Sep 21^st, 2023 at 6:04pm:

Jovial Monk wrote on Sep 21^st, 2023 at 4:06pm:

freediver wrote on Sep 21^st, 2023 at 8:55am:

Borrow the money from your beneficiary. Or get an unconventional mortgage. eg a reverse mortgage. If you are only borrowing a small fraction of what the place is worth, you should be able to get a reasonable deal.

But if you are short on cash, I would just refrain from spending the money unless you have to. It's not an investment, it's an upgrade.

Beneficiary is an 11yo girl Grin

. Her mother doesn’t have a spare $80K just lying around.

If you are in Melbourne or Sydney you can sell a share of your equity in your home.

Say house is $1m, you can sell a 20% share but not for $200K, for less than that—the equity sold increases in value as house prices rise.

If you are on the age pension you can get like $500 per fortnight, tax free, paid to you, also secured by your property.

Or there is the reverse mortgage—the interest really grows if you make no payments. However, the debt cannot exceed the total equity of your property. Interest rates currently are around 9%

That is what I found using Google.

The 11 year old girl will get nothing because you'll drink your house.

The demented dhead is referring to his freaking bloody dog ffs!

Dumbarse Drunk is yet to realise that within a yr or 2 his current house will be forced to sell (given its position and state of disrepair it will probably sell for around $450K max). Said money will have to go into a nursing home deposit scheme for Drunk’s upkeep.

Of course I’m assuming the Drunk doesn’t drop dead in his lonely igloo which is so close to Antarctica in the mean time 😐

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If I let myself be bought then I am no longer free.

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Lisa Jones

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Re: Best way of realising equity in a home?
Reply #32 - Sep 22^nd, 2023 at 9:20am

Lisa Jones wrote on Sep 21^st, 2023 at 8:46pm:

Jovial Monk wrote on Sep 20^th, 2023 at 9:22am:

I have a long wooden shed could be a small residence—after $15–20K renovations.

I could rent out a bedroom I suppose.

But I need cash—a new car, renovations/extensions

Why don’t you pretend to make lots of Christmas cakes with 20 eggs in each cake and get prospective gullible recipients to deposit $60 directly into your bank account before you pretend to start making their cakes?

THEN pretend to send them their cakes or even the return of their $60.

$60 x 200 gullible victims = $12 000

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Jovial Monk

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Re: Best way of realising equity in a home?
Reply #33 - Sep 22^nd, 2023 at 9:51am

Lisa Jones wrote on Sep 22^nd, 2023 at 9:18am:

Gordon wrote on Sep 21^st, 2023 at 6:04pm:

Jovial Monk wrote on Sep 21^st, 2023 at 4:06pm:

freediver wrote on Sep 21^st, 2023 at 8:55am:

Borrow the money from your beneficiary. Or get an unconventional mortgage. eg a reverse mortgage. If you are only borrowing a small fraction of what the place is worth, you should be able to get a reasonable deal.

But if you are short on cash, I would just refrain from spending the money unless you have to. It's not an investment, it's an upgrade.

Beneficiary is an 11yo girl Grin

. Her mother doesn’t have a spare $80K just lying around.

If you are in Melbourne or Sydney you can sell a share of your equity in your home.

Say house is $1m, you can sell a 20% share but not for $200K, for less than that—the equity sold increases in value as house prices rise.

If you are on the age pension you can get like $500 per fortnight, tax free, paid to you, also secured by your property.

Or there is the reverse mortgage—the interest really grows if you make no payments. However, the debt cannot exceed the total equity of your property. Interest rates currently are around 9%

That is what I found using Google.

The 11 year old girl will get nothing because you'll drink your house.

The demented dhead is referring to his freaking bloody dog ffs!

Dumbarse Drunk is yet to realise that within a yr or 2 his current house will be forced to sell (given its position and state of disrepair it will probably sell for around $450K max). Said money will have to go into a nursing home deposit scheme for Drunk’s upkeep.

Of course I’m assuming the Drunk doesn’t drop dead in his lonely igloo which is so close to Antarctica in the mean time 😐

No, Larry, I am talking about my great niece. Anybody with two active braincells could have worked that out.

The house is fine. It could do with some redecorating/renovation but all houses that have some age need that. The building inspection report showed nothing serious wrong with the house.

You know nothing about the position of my house. This is the autism making you think you know something.

Weatherwise I am 5500Km from Antarctica, about 400Km south of Melbum.

Healthwise I am OK. Unlike you I am not obese and apart from joints not being their best there is nothing wrong with my physical and mental health, again unlike poor you.

My trees are largely in leaf and some are even blossoming! I love it here!

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« Last Edit: Sep 22^nd, 2023 at 10:56am by Jovial Monk »

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If you don’t like abortions ignore them like you do school shootings.

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Gordon Gold Member Offline Australian Politics Posts: 20496 Gordon Gender:	Re: Best way of realising equity in a home? Reply #34 - Sep 22^nd, 2023 at 9:58am The only person who will get a penny out of Monk is Dan. DAN MURPHY
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Jovial Monk Gold Member Offline Dogs not cats! Posts: 45888 Gender:	Re: Best way of realising equity in a home? Reply #35 - Sep 22^nd, 2023 at 10:43am The slimy grub also sounds jealous.
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Lisa Jones

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Re: Best way of realising equity in a home?
Reply #36 - Sep 22^nd, 2023 at 10:53am

Gordon wrote on Sep 21^st, 2023 at 6:04pm:

Jovial Monk wrote on Sep 21^st, 2023 at 4:06pm:

freediver wrote on Sep 21^st, 2023 at 8:55am:

Borrow the money from your beneficiary. Or get an unconventional mortgage. eg a reverse mortgage. If you are only borrowing a small fraction of what the place is worth, you should be able to get a reasonable deal.

But if you are short on cash, I would just refrain from spending the money unless you have to. It's not an investment, it's an upgrade.

Beneficiary is an 11yo girl Grin

. Her mother doesn’t have a spare $80K just lying around.

If you are in Melbourne or Sydney you can sell a share of your equity in your home.

Say house is $1m, you can sell a 20% share but not for $200K, for less than that—the equity sold increases in value as house prices rise.

If you are on the age pension you can get like $500 per fortnight, tax free, paid to you, also secured by your property.

Or there is the reverse mortgage—the interest really grows if you make no payments. However, the debt cannot exceed the total equity of your property. Interest rates currently are around 9%

That is what I found using Google.

The 11 year old girl will get nothing because you'll drink your house.

The demented dhead is referring to his freaking bloody dog ffs!

Dumbarse Drunk is yet to realise that within a yr or 2 his current house will be forced to sell (given its position and state of disrepair it will probably sell for around $450K max). Said money will have to go into a nursing home deposit scheme for Drunk’s upkeep.

Of course I’m assuming the Drunk doesn’t drop dead in his lonely igloo which is so close to Antarctica in the mean time 😐

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Lisa Jones

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Sydney
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Re: Best way of realising equity in a home?
Reply #37 - Sep 22^nd, 2023 at 10:54am

Lisa Jones wrote on Sep 21^st, 2023 at 8:46pm:

Jovial Monk wrote on Sep 20^th, 2023 at 9:22am:

I have a long wooden shed could be a small residence—after $15–20K renovations.

I could rent out a bedroom I suppose.

But I need cash—a new car, renovations/extensions

Why don’t you pretend to make lots of Christmas cakes with 20 eggs in each cake and get prospective gullible recipients to deposit $60 directly into your bank account before you pretend to start making their cakes?

THEN pretend to send them their cakes or even the return of their $60.

$60 x 200 gullible victims = $12 000

Back to top

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Best way of realising equity in a home? Reply #38 - Sep 22^nd, 2023 at 10:54am Gordon wrote on Sep 22^nd, 2023 at 9:58am: The only person who will get a penny out of Monk is Dan. DAN MURPHY 😂🤣😆
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Gordon Gold Member Offline Australian Politics Posts: 20496 Gordon Gender:	Re: Best way of realising equity in a home? Reply #39 - Sep 22^nd, 2023 at 11:11am Jovial Monk wrote on Sep 22^nd, 2023 at 10:43am: The slimy grub also sounds jealous. You're a drunk and you'll drink yourself broke.
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John Smith Gold Member Offline Australian Politics Posts: 74257 Gender:	Re: Best way of realising equity in a home? Reply #40 - Sep 22^nd, 2023 at 11:24am Gordon wrote on Sep 22^nd, 2023 at 11:11am: Jovial Monk wrote on Sep 22^nd, 2023 at 10:43am: The slimy grub also sounds jealous. You're a drunk and you'll drink yourself broke. Says the forums resident druggo
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Jovial Monk Gold Member Offline Dogs not cats! Posts: 45888 Gender:	Re: Best way of realising equity in a home? Reply #41 - Sep 22^nd, 2023 at 11:30am Why are these idiots so jealous of my house? Really weird. Well, Larry’s is explicable: he rents a squalid HC flat.
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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Best way of realising equity in a home? Reply #42 - Sep 22^nd, 2023 at 11:35am Gordon wrote on Sep 22^nd, 2023 at 11:11am: Jovial Monk wrote on Sep 22^nd, 2023 at 10:43am: The slimy grub also sounds jealous. You're a drunk and you'll drink yourself broke. Dumbarse Drunk is already broke. That’s why he’s into thieving.
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Lisa Jones

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Re: Best way of realising equity in a home?
Reply #43 - Sep 22^nd, 2023 at 11:38am

Lisa Jones wrote on Sep 21^st, 2023 at 8:46pm:

Jovial Monk wrote on Sep 20^th, 2023 at 9:22am:

I have a long wooden shed could be a small residence—after $15–20K renovations.

I could rent out a bedroom I suppose.

But I need cash—a new car, renovations/extensions

Why don’t you pretend to make lots of Christmas cakes with 20 eggs in each cake and get prospective gullible recipients to deposit $60 directly into your bank account before you pretend to start making their cakes?

THEN pretend to send them their cakes or even the return of their $60.

$60 x 200 gullible victims = $12 000

FMD not once have I ever taken money from a human being in my life!

If anything I have always helped others financially by giving them e-gift vouchers to help them buy groceries at either Coles or Woolworths. The process takes under 60 seconds too. You simply text them the voucher code, the 4 number PIN code and the amount it’s for.

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Lisa Jones

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Australian Politics

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Re: Best way of realising equity in a home?
Reply #44 - Sep 22^nd, 2023 at 11:41am

Jovial Monk wrote on Sep 22^nd, 2023 at 11:30am:

Why are these idiots so jealous of my house? Really weird.

Other only thing that’s weird is that your last alcohol fried brain cell has convinced you that we are all idiots and you’re not AND we are all jealous of an 80 yr old alcoholic pensioner who waited for his 100 yr old mum to die before he could buy an old hovel in Antarctica that’s not even worth 400K and needs heaps of repairs. Drunk Dufus!

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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