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23 Years Old. Should I buy a home or load up on IPs?
Topic Started: 30 Dec 2016, 04:32 PM (4,106 Views)
newjez
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Khaderbhai
31 Dec 2016, 08:56 AM
Even if you can save $100K+ a year, it's a waste of time if house prices in the price range you're looking at are increasing by $200K+ a year.
But obviously not if they are decreasing. Can you see the future?
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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Ex BP Golly
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Bardon
31 Dec 2016, 01:33 PM
Get yourself into as much property debt as early as you can, as safely as you can and never ever pay it back.

This year will be a year where observers stop discussing how low prices could go and will rather be chattering about how high they can go. This will be the year of realisation that the boom has indeed begun.
I wait with bated breath.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Khaderbhai
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Wealthy Suburbanite

newjez
31 Dec 2016, 01:52 PM
But obviously not if they are decreasing
Obviously. That's why I said if house prices are increasing...

And if they increase by $200K a year forever, as Rastus suggested, then saving $100K a year will be a waste of time forever.
Chris
31 Dec 2016, 01:14 PM
Then this followed:

Rastus2

forever ?
Yes. And?
Edited by Khaderbhai, 31 Dec 2016, 02:04 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Rastus2
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Khaderbhai
31 Dec 2016, 09:10 AM
Yes.

you - "increasing by $200K+ a year."

Me - "forever ?"

You "yes."


I seriously doubt that... lets see your proof.
Edited by Rastus2, 31 Dec 2016, 07:01 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rastus2
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Khaderbhai
31 Dec 2016, 02:02 PM
Obviously. That's why I said if house prices are increasing...

And if they increase by $200K a year forever, as Rastus suggested, then saving $100K a year will be a waste of time forever.

Yes. And?

lol,

right... so your comment was of no help to the poster at all...

*if* aliens invade and enslave us next year, then buying a property is of little help... *if* the poster dies tomorrow, then best not bother looking for a property today.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
31 Dec 2016, 08:11 PM
Khaderbhai
31 Dec 2016, 02:02 PM
Obviously. That's why I said if house prices are increasing...

And if they increase by $200K a year forever, as Rastus suggested, then saving $100K a year will be a waste of time forever.

Yes. And?

lol,

right... so your comment was of no help to the poster at all...

*if* aliens invade and enslave us next year, then buying a property is of little help... *if* the poster dies tomorrow, then best not bother looking for a property today.
It's still more helpful than your post.
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Rastus2
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Trollie
31 Dec 2016, 09:05 PM
It's still more helpful than your post.
care to explain exactly why it is better than my post ?

K simply said buy now and implied that price rises *might* go on forever at 200k per year... and covered his arse by using the "if" word instead.

About as helpful as a steaming turd really...

or is it just that you are so biased that you are unable to do so....
Edited by Rastus2, 31 Dec 2016, 09:18 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Chris
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Bardon
31 Dec 2016, 01:33 PM
Get yourself into as much property debt as early as you can, as safely as you can and never ever pay it back.

This year will be a year where observers stop discussing how low prices could go and will rather be chattering about how high they can go. This will be the year of realisation that the boom has indeed begun.
You are either admitting property is a scam or your a bigger f***wit than I ever thought, I'm really not sure which one it is.

Hopefully we'll figure it out in 2017?!

HAPPY NEW YEARS 🙃
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herbie
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K said wot he said.

'N some stated how they interpreted it.

Then K repeated wot he said.

'N after another 20 pages of shit bein' writ on it, nuthin' will have changed - LOL

Tho welcome ta 2017 anyways (well almost at least) ... Wif a supposed wise man's thought coming ta my mind at this time being that (well in some pretty basic ways at least):

"There Is Nothing New Under The Sun" ... :)

Ecclesiastes 1:9

Or more fully:

"What has been will be again,
what has been done will be done again;
there is nothing new under the sun."

PS: Ole Jethro ain't quick, but even he eventually starts ta figure out how some things work ... LOL
Edited by herbie, 1 Jan 2017, 12:19 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Khaderbhai
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Wealthy Suburbanite

Rastus2
31 Dec 2016, 09:15 PM
K simply said buy now and implied that price rises *might* go on forever at 200k per year
No, my original statement was even if you can save $100K+ a year, it's a waste of time if house prices in the price range you're looking at are increasing by $200K+ a year.

Then you introduced the idea of it going on forever. If prices increase by $200K a year forever, as you suggested, then saving $100K a year will be a waste of time forever.

Edited by Khaderbhai, 1 Jan 2017, 09:17 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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