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Patrick and Aimee Taskunas - three properties by age 22; Just do it. Don’t wait for the moment to pass, or try to “time the market”
Topic Started: 20 Sep 2014, 12:32 AM (13,271 Views)
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http://www.news.nom.co/first-time-buyer-profile-22-year-12324576-news/

First time buyer profile: 22 year old Patrick Taskunas and his three properties

While a running theme is that you should never compare yourself, or benchmark, based on other investors, it’s pretty hard to not be amazed at first time buyer Patrick Taskunas’ determination.

[Edit by Alex: Article text deleted at the request of Jennifer Duke (Property Observer)]
Edited by Admin, 7 Oct 2014, 02:43 PM.
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bundy
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Alex Barton
20 Sep 2014, 12:32 AM
I purchased a book called From 0-130 properties in 3.5 years...
Oh dear.
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Garden Variety
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We were basically saving our whole pays, whilst living with our parents.


Sounds like yer oldies put 6 months of rent and board into ya first property.

I reckon they prolly went guarantor for ya too ... but mebbe banks are lending to part time shelf stackers these days ...

bank will come and take yer oldies house when it goes pear shaped, but onya mate for 'avin a go
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peter fraser
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bundy
20 Sep 2014, 12:41 AM
Oh dear.
Yep there is risk. Tasmania isn't exactly an investors heaven, and the vacant land will weigh them down, plus other possible problems with inexperience.
Any expressed market opinion is my own and is not to be taken as financial advice
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Veritas
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What is the obsession in this country with referring to wives and boyfriends/girlfriends as partners?

The guys is 22 ffs. Its his girlfriend!

Also, who is giving these children the money?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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SittingOnDeFence
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They forgot to ask him about possible rate rises too
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newjez
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Veritas
20 Sep 2014, 12:51 AM
What is the obsession in this country with referring to wives and boyfriends/girlfriends as partners?

The guys is 22 ffs. Its his girlfriend!

Also, who is giving these children the money?
I have a friend at work who always referred to her partner. I had assumed she was gay until her belly started to swell.

I hate these crappy stories. They are like the little shits who go to uni at 15. What's wrong with having a life ffs?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Lef-tee
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peter fraser
20 Sep 2014, 12:49 AM
Yep there is risk. Tasmania isn't exactly an investors heaven, and the vacant land will weigh them down, plus other possible problems with inexperience.
If you buy a house in Tassie, use it for what houses are meant for - live in it. Tassie is a damn nice place and I have a mate (older than me, sold his business and retired) who is moving there from Adelaide. Not so scorching hot as Adelaide and much greener.
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peter fraser
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Lef-tee
20 Sep 2014, 07:48 AM
If you buy a house in Tassie, use it for what houses are meant for - live in it. Tassie is a damn nice place and I have a mate (older than me, sold his business and retired) who is moving there from Adelaide. Not so scorching hot as Adelaide and much greener.
Tasmania is kinda like a death trap for retirees. They move there because it's cheap, then they miss their family and friends, but then they can't sell to move back to the mainland, and so they die there.

Great place to go for a couple of weeks, but if you get the urge to buy a house there, hit yourself three times on the forehead with a lump of 3X2.
Any expressed market opinion is my own and is not to be taken as financial advice
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zaph
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Nothing about what Aimee earns. I doubt Patrick would have qualified for loans on these places with only his income. Maybe Peter can comment.
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