20yrs ago you brought your house f***knuckle so are you telling the forum that your ability to buy a house in 1996 in Perth would be equal to or harder than any FHB looking to buy in Perth in 2014-15?
Our first loan was 4.5x our combined gross wage. Adjusting our salaries at that stage with wage price growth over the time that would allow us to buy a house today for $537,470.10. That would give us around 5,000 options in the current Perth market.
Variable interest rate was either side of 10%. Today it is either side of 5%.
On any objective measure there is no noticeable difference in ability to buy a house. Where that house would be located is the difference.
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You are a simple pathetic loser
You are an immature whiny bitch who wants everything for nothing
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because there was no internet
We had the internet. 56kb dial up modem at a price far higher than todays in relative terms
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other modern day essentials you weren't forced to pay for
nobody forces you to pay for anything kid. Life is full of choices.
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mobile phones
We had mobile phones. And absent of todays bundle deals and plans we paid a far higher price than todays in relative terms
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private health
We had private health.
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and smashed avo on toast accompanied by an almond chai latte
A Big Breakfast and Flat White cost $10 at our local. It was a treat. Indexed for inflation that is far more than a similar breakfast in a similar establishment today.
Grow up kid.
My only hope for my three boys is that they turn out nothing at all like Chris.
And your right, at the time there were no forums because there was no internet, other modern day essentials you weren't forced to pay for include, mobile phones, private health, and smashed avo on toast accompanied by an almond chai latte.
I had a smashed avo this morning, it was pretty good actually.
I know, I'm addicted to them and that's why I can't buy a home, I mean an appreciating asset to leverage debt from
Chris it is fortunate in this country that your home is often an appreciating asset - this is not true everywhere. We live in growing cities where the people wishing to live in them are increasingly wealthy. Australian's are lucky, they can and do build wealth much more easily than people from most places in the world.
This is an opportunity not available to many country towns or less popular cities.
You act as if this opportunity is a dreadful thing.
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.
Chris it is fortunate in this country that your home is often an appreciating asset - this is not true everywhere. We live in growing cities where the people wishing to live in them are increasingly wealthy. Australian's are lucky, they can and do build wealth much more easily than people from most places in the world.
This is an opportunity not available to many country towns or less popular cities.
You act as if this opportunity is a dreadful thing.
Unless I'm leveraging the value of my home to buy IPs or shares it does not matter whether my home appreciates by 300% in 10yrs or whether it doesn't appreciate a cent. You see shammy my house will rise and fall just as much as most other homes in price brackets above and below mine. As long as I'm paying down the loan I will still be able to upgrade no matter what, I dint expect you to understand this concept.
The ONLY time price rises are beneficial is when it affects investment properties or allows for more to be purchased, any assertion otherwise is just pure bullshite. This disgusting lie that people like you sprout that suggest you are richer if the home you live in rises in value, if you have no other investments leveraged off of it this is just a lie.
This is an extremely bad thing because this will financial devastate this country and many of its citizens when the music stops.
Anyway your beloved Perth will show you how wrong all this has been over the next 12 month. It will give you a great preview for Sydney/Mekbourne 2018
Unless I'm leveraging the value of my home to buy IPs or shares it does not matter whether my home appreciates by 300% in 10yrs or whether it doesn't appreciate a cent. You see shammy my house will rise and fall just as much as most other homes in price brackets above and below mine. As long as I'm paying down the loan I will still be able to upgrade no matter what, I dint expect you to understand this concept.
It's been explained to you, everyone has been very patient, you are demonstrably wrong with these statements.
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