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All things avocado (thread); Thinking of giving up the smashed avo and coffee to buy a house?
Topic Started: 1 Jun 2017, 01:06 AM (15,889 Views)
Trollie
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Ex BP Golly
3 Jun 2017, 01:06 PM
Just added that up, and sacrificing that expenditure would take 13 years to save a 20% deposit for the $600,000 wrist slasher above.

Enjoy the good food kiddies. You'll live longer and be happier than uptight, skin flint Trollie

Nope, I'm clear.

I bought well, and at a good time, and made sacrifices.

Idon't see why the next generation has to do it two or three times harder than me to get what they need, just because human excrement like you wants to be rich.

Explain how that is being a hypocrite?




I see Tyson has pissed of, and won't say what he thinks that hovel is worth.
You're no different to any other investor, refusing to sell for below market value holding on to more than a ppor.
Everything you call scum.
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Ex BP Golly
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Tyson
3 Jun 2017, 01:42 PM
Damn you guys get a bit feisty when someone doesn't reply straight away.

What would I like to pay for it? The value of the land minus the costs to tear down that POS so that I could replace it with something nice.

But given the reality of the situation, I'd be assessing the cost of similar houses, figure out if I could renovate that place and have it looking pretty nice for less than buying a post-renovation house.

I don't believe people should be given a turnkey home as their first home. In previous generations, they'd constantly renovate and upgrade their house to suit their needs. Today people want a modern, turnkey home at unrealistic prices.

Now how about you answer my questions Golly, I'm only expecting a Yes or No, you can elaborate if you wish though.

Do you think you should pay more for a house within closer proximity to the city?
Do you think you should pay more for a house if it's in a city with better facilities? We all know Melbourne and Sydney offer more then all the other cities.
Do you think city homes should be more expensive than regional homes?
Do you think first home buyers should be able to afford a brand new turnkey home, suitable for a future family (so let's say 3+ bed, 2+ bath, a dining room, living room, plus maybe a study) within 10 - 15km radius of the city?

I don't know how old you are Golly, but based on your posts I'm guessing you're a generation older than me. Unless you had a privileged upbringing, surely you made do with less than what Chris expects a first home buyer to be able to afford? Surely you couldn't afford to buy a home to rival your parents in a better location than your parents as your first home?

I'm realistic so I can say a POS is a POS, but if I want to live close to Melbourne, I need to buy that POS and put in the elbow grease to get it to a liveable standard, or I live outside of the city until I can afford to move into a nice house closer in. I sure as hell don't expect to be able to afford the exact same house my parents can afford at their age, immediately upon being in the market for my first house. I reckon if you're going to buy a POS and renovate, then that house that was linked is a pretty good place to start. Looks like it has a decent enough floor plan so that you don't have to spend as much on renovations. Also the stains on the concrete, with a renovation budget and some DIY skills, you can fix that up/replace it for not a huge cost.


Obviously the answer to all your questions is yes. But a city is made up of numerous markets, and markets within markets (ie main feeder into an arterial in a rundown suburb of dying industry now moving to warehousing/transportation of consumer goods).

One of the reasons for living in a city is the higher wages.

Altona North median single wage tells you what you need to know about that market, as does the physical condition of that house.

It requires more than a clean up of the concrete, it requires subsurface drainage on a property that has a house and hard surface that takes up 80% of the site.

I'd guess looking at the mess it presents, that drainage is the problem, so you'd need a sump and dedicated pump to keep it dry. Councils no longer like runoff going into their stormwater or sewer and often require soak pits.

I still maintain the property is worth what I said it is worth.

That dump is already 5x the wage of the area before interest, & renovation costs are taken into account.

I should imagine it's full of dry rot, and like you, all I'd do is bulldoze it.

Value is an interesting concept, and when the market is full of people who don't understand value, and aren't using their own money, you can see the results.

$550,000 to $600,000 for that shit hole!

Trollie
3 Jun 2017, 02:40 PM
You're no different to any other investor, refusing to sell for below market value holding on to more than a ppor.
Everything you call scum.
Dude, I've got all the property I want, and again will tell you, I don't intend to sell them. When I go they will go into what we used to call the National Estate (they are all in world heritage listed areas)

So another one or two in an area I don't want is just a windfall.

Lucky for me it's North Shore....& If it sells at the top of the market, so be it.

Sadly, I'm getting to that age where there will be some more inheritance in the next decade or so. I tell them to sell while alive and live it up & spend it all..... But older people will be older people!
Edited by Ex BP Golly, 3 Jun 2017, 02:49 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Chris
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Jimbo
3 Jun 2017, 11:50 AM
Or maybe they need to live near the city or in the city due to work?

On a long weekend, when most of us get three days of no work, does everybody rush towards the city or away from it?

Do people dream of retiring in a one bed unit next to the freeway or a remote surf shack?

As automation makes us less reliant upon work and as transport links improve and open up the vast amounts of habitable land in this massive country, what price is the one bed unit next to the freeway?
Contender for post of the year!
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Matthew
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Ex BP Golly
3 Jun 2017, 11:59 AM
Do you think someone with dreams would drop $600,000 on this?

Posted Image
You miss the point entirely. Chris' bitch is that he needs to spend $800k for an average house as a FBH, and that the average house is 40km from the city. I have provided two examples that are 14km from the city, substantially cheaper and perfectly adequate for a FHB.

Altona is an industrial suburb. But it is well located, close to Williamstown which has a $1.2m median. Don't like the old house, $100k more gets you the brand new one.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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Ex BP Golly
3 Jun 2017, 02:42 PM
I don't intend to sell them.
You're no better than every other property investor you've mouthed off to over the years profiting from limiting supply.
Ex BP Golly
3 Jun 2017, 02:42 PM


Lucky for me it's North Shore....& If it sells at the top of the market, so be it.
So much for not selling, but then again your just a hypocrite so this is exactly inline with your character.
Matthew
3 Jun 2017, 04:26 PM
Chris' bitch is that he needs to spend $800k for an average house as a FBH, and that the average house is 40km from the city. I have provided two examples that are 14km from the city, substantially cheaper and perfectly adequate for a FHB.

Altona is an industrial suburb. But it is well located, close to Williamstown which has a $1.2m median. Don't like the old house, $100k more gets you the brand new one.
Here's an idea, you can sell one of your's at cost price, chris get's his house at 3x income and you get to prove your not a hypocrite.
Ex BP Golly
3 Jun 2017, 01:06 PM

I bought well, and at a good time, and made sacrifices.
No different to The Mighty Shadow then.
Edited by Trollie, 3 Jun 2017, 05:24 PM.
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Ex BP Golly
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Trollie
3 Jun 2017, 05:18 PM

No different to The Mighty Shadow then.
Trust me, I'm much better than that rodent.

I own outright so don't care what happens to prices. I hope...nah wish.... that they crumble so as to wipe out dross like you.

Edited by Ex BP Golly, 3 Jun 2017, 06:10 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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herbie
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Ex BP Golly
3 Jun 2017, 02:00 AM
I'm about to receive my first inheritance property.
My condolences on your loss Golly.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Ex BP Golly
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herbie
3 Jun 2017, 06:41 PM
My condolences on your loss Golly.
thanks Herbie.
Still in the process of happening.
A great person who has had a wonderful life.
Edited by Ex BP Golly, 3 Jun 2017, 06:59 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
3 Jun 2017, 06:07 PM
I'm much better than that rodent.
You're a property investor who sells for capital gain and charges rent.

The only difference is you're two faced about it.
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Matthew
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Trollie
3 Jun 2017, 05:18 PM
Here's an idea, you can sell one of your's at cost price, chris get's his house at 3x income
Why would I do that?

Quote:
 
you get to prove your not a hypocrite
How exactly am I a hypocrite?

My only hope for my three boys is that they turn out nothing at all like Chris.
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