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Prices expected to accelerate in Sydney’s Spring quarter; NOW OR NEVER FOR WORRIED BUYERS
Topic Started: 25 Sep 2016, 09:17 AM (7,491 Views)
skamy
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Mick
25 Sep 2016, 04:37 PM
He didnt have a mortgage thats the sad part, he bought his house in 1999 and had it paid off in 2010
Sold it in 2011 thinking prices were going to crash and banked the money but the interest he gets after tax on the savings doesnt cover the rent so his capitals getting eaten away
Cant buy back in now because he has less capital and the house prices near doubled since he sold
f***ed basically !


Not even close and it gets less each year as the capital get eaten away :(
Plus his interest on his cash is taxed to boot. Whereas that saving in rent was not taxed at all when he was living mortgage free
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Simon_S
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skamy
26 Sep 2016, 12:44 AM
Plus his interest on his cash is taxed to boot. Whereas that saving in rent was not taxed at all when he was living mortgage free
LOL......yes you pay tax on INCOME

You know that stuff you get up every morning to go to work for?

The stuff you get taxed on too........

Edited by Simon_S, 26 Sep 2016, 09:02 AM.
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Rufus
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Simon_S
26 Sep 2016, 09:02 AM
LOL......yes you pay tax on INCOME

You know that stuff you get up every morning to go to work for?

The stuff you get taxed on too........
Rent saved is better than income because it isn't taxable in Australia, but for the intellectually challenged that may be a difficult concept to come to grips with.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
26 Sep 2016, 09:05 AM
Rent saved is better than income because it isn't taxable in Australia,
Yes you pay Tax on INCOME

Do you go to work to create a savings....................

People go to work to create INCOME

Can I spend all that saved Rent?...................Oh But I need to go to Work to Earn an Income first.

Yes life is automatically FREE after you pay off your PPOR...............Isn't it Rufus.

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Bardon
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John Frum
25 Sep 2016, 09:23 PM

Huh? Oh yeah, you're one of those elliot wave/cycle wack-jobs, right?

Guess it gets boring living in a backwater swamp like Brisbane. Crazy charts can help pass the time.
I guess when you get over the worry of the now of never decision as to whether or not you will ever own a property in Sydney, there is a lot to be said for the other aspects of this decision. There is some upside to being a life renter as things have moved on for you lot since the dark old Dickensian times. At least when renting you dont need to worry about:

- estate planning, as its more about covering your funeral expenses, lease break fees and car registarion payments after you have gone
- housing improvements, you just have to make the most of what you can rent for now in life
- keeping up with the Jones, this stops
- making financial decisions for the better
- or fitting in with the more financially successful rentier society.


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Rufus
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Simon_S
26 Sep 2016, 09:38 AM
Yes you pay Tax on INCOME

Do you go to work to create a savings....................

People go to work to create INCOME

Can I spend all that saved Rent?...................Oh But I need to go to Work to Earn an Income first.

Yes life is automatically FREE after you pay off your PPOR...............Isn't it Rufus.
All you are doing is proving to the world just how intellectually deficient you really are.

But go ahead, I'm enjoying watching you unravel before my eyes. You don't have to pretend you are acting dumb Simon, you really are dumb.

Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
26 Sep 2016, 10:09 AM
All you are doing is proving to the world just how intellectually deficient you really are.

But go ahead, I'm enjoying watching you unravel before my eyes. You don't have to pretend you are acting dumb Simon, you really are dumb.
Yes of course I am........

So your saying I need to save money in my retirement not make it...........

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Rufus
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Simon_S
26 Sep 2016, 12:57 PM
Yes of course I am........

So your saying I need to save money in my retirement not make it...........
I couldn't give a hoot what you do Simon, your welfare is no concern of mine.

But if you are serious about developing an understanding of finance you really have to go back to square one and start again, because your knowledge is about where a five year old is.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
26 Sep 2016, 01:09 PM
I couldn't give a hoot what you do Simon, your welfare is no concern of mine.

But if you are serious about developing an understanding of finance you really have to go back to square one and start again, because your knowledge is about where a five year old is.
Hmmm.......

Nothing like Owning an Asset as you approach your retirement that Generates no Income.............



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Trollie
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Simon_S
26 Sep 2016, 09:38 AM
Can I spend all that saved Rent?
If rent is $400 a week and you only longer have to spend that $400 a week, of course you can spend it on something else you f*cking retard

Does mummy still tie your shoe laces?
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