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Are an awful lot of us who comment here just maybe a bit aberrant?; Irrespective of what we might or might not be bearish or bullish on
Topic Started: 18 Jun 2017, 02:17 PM (1,589 Views)
herbie
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With this being a question I'm personally asking myself given that youngs in my family are keen to buy in what to me (and to them) is a falling market that still has 'some way' to fall yet.

Hmmm - But that just isn't phasing them. With the logic seeming to be Well we can afford it and it's a most suitable property in an area has very good long term prospects and we ARE buying for the long term.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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A Lurker
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herbie
18 Jun 2017, 02:17 PM
With this being a question I'm personally asking myself given that youngs in my family are keen to buy in what to me (and to them) is a falling market that still has 'some way' to fall yet.

Hmmm - But that just isn't phasing them. With the logic seeming to be Well we can afford it and it's a most suitable property in an area has very good long term prospects and we ARE buying for the long term.
They are smart.

If they can afford it, they like the area, they like the property that is available to buy and the bank is 'open' it's a good time to buy.

Putting it off and attempting to predict the future - time the purchase is risky.
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Chris
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herbie
18 Jun 2017, 02:17 PM
With this being a question I'm personally asking myself given that youngs in my family are keen to buy in what to me (and to them) is a falling market that still has 'some way' to fall yet.

Hmmm - But that just isn't phasing them. With the logic seeming to be Well we can afford it and it's a most suitable property in an area has very good long term prospects and we ARE buying for the long term.
You're pretty much buying for them Herb, they don't give a fluck as it's not their money to lose. They are also surrounded by a family network that have groomed the idea of ownership into them and are fundamentally forcing them to do so. By the same token they know that this family network will not allow the process to fail and will be a financial safety blanket if things go to shit (worst case scenario).

I think your view in these matters a very distorted. It also appears you are torn about getting involved in assisting younger family members and are looking for solice in others to affirm your doing the right thing, maybe knowing the inherent dangers and the fact you maybe unintentionally setting them up for a financial hit.
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herbie
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Chris
18 Jun 2017, 09:18 PM
You're pretty much buying for them Herb, they don't give a fluck as it's not their money to lose. They are also surrounded by a family network that have groomed the idea of ownership into them and are fundamentally forcing them to do so. By the same token they know that this family network will not allow the process to fail and will be a financial safety blanket if things go to shit (worst case scenario).

I think your view in these matters a very distorted. It also appears you are torn about getting involved in assisting younger family members and are looking for solice in others to affirm your doing the right thing, maybe knowing the inherent dangers and the fact you maybe unintentionally setting them up for a financial hit.
I'll contribute $30K ta tha deposit Chris - Interest free. (Wif 'em havin $50K 'emselves.)

'N be supportive of them regardin' whacking tha balance inta their offset account 'n 'only' chargin' 'em 2.75% on it - Where a bank would charge 'em rather more. (But wif that also bein' more than a bank would pay me given tha flexibility it gives me.)

'N Yeah, as a family we surely DO see value in home ownership - 'N pretty much have done for all tha 65 plus odd yrs I can easily trace that attitude back thru me own olds at a minimum.

Tho wif me personal attitude ta it wif tha youngs being rather more laid back than me old man's ta me I'd reckon ... :) - Wif him just pretty much giving me no choice in tha decision I woz gunna get inta property at tha age of 25. [Or a bit younger even? - Like sheesh it woz a while back now.] (Wif him just maybes figurin' I woz a late bloomer or some such regardless? - LOL. But anyways wif me bein' a pretty compliant young lad 'n sayin' "Yes Dad!" :D )
Edited by herbie, 18 Jun 2017, 10:27 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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newjez
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herbie
18 Jun 2017, 02:17 PM
With this being a question I'm personally asking myself given that youngs in my family are keen to buy in what to me (and to them) is a falling market that still has 'some way' to fall yet.

Hmmm - But that just isn't phasing them. With the logic seeming to be Well we can afford it and it's a most suitable property in an area has very good long term prospects and we ARE buying for the long term.
I'm not abberant.
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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herbie
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Anyways, on a somewot hopefully positive note ('n hopin' 'n expectin' ya's will all wish us well of course ... 'Cept for all youse truly misery gutted whingey whiny Sydvegas/Melvegas cnts of course ... :) ), it just looks like we may very soon get ta get our very youngest little just turned 18 yo inta her very first very own little property ... Oh alright, in half shares wif us olds alright if ya INSISTS on gettin' all whingey 'n whiny 'n picky about it ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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herbie
20 Jun 2017, 10:15 PM
Anyways, on a somewot hopefully positive note ('n hopin' 'n expectin' ya's will all wish us well of course ... 'Cept for all youse truly misery gutted whingey whiny Sydvegas/Melvegas cnts of course ... :) ), it just looks like we may very soon get ta get our very youngest little just turned 18 yo inta her very first very own little property ... Oh alright, in half shares wif us olds alright if ya INSISTS on gettin' all whingey 'n whiny 'n picky about it ... :)
That's about the best thing I've heard in a long while herb. As Hughesy would say 'good on yoooooouuuu' 🙈

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herbie
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Chris
20 Jun 2017, 11:06 PM
That's about the best thing I've heard in a long while herb. As Hughesy would say 'good on yoooooouuuu' 🙈
Ta Chris - 'Tho I's expectin' tha market she ('n we's wif her) buyin' inta ta take a hit meself personally (As mentioned above) - But hey, she's up 'n runnin' 'n outa tha blocks real nice 'n early. 'N it could even translate over inta her own business type activity stuff one day??? (Wif it not bein' too long before she's gunna have her trade behind her.) 'N I for one's sure as shit not gunna knock that (Well not if she genuinely feels ta proceed regardless of tha cautions she's had regardless).

Sheesh, go for it girl, if ya's got that sorta get up 'n at your age then you just could be tha one ta make 'tha family fortune' (so ta speak ... Wif me not wantin' none of it as I's got me own thrupences stashed so ta speak ... :) ) - But anyways ya can be sure as f*** ya cautious ole Unca herbie never weren't gunna do it - LOL

Edited by herbie, 20 Jun 2017, 11:38 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Amanda
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18 Jun 2017, 08:45 PM
They are smart.

If they can afford it, they like the area, they like the property that is available to buy and the bank is 'open' it's a good time to buy.

Putting it off and attempting to predict the future - time the purchase is risky.
proper guidance will be perfect for these millennials
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Bardon
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herbie
20 Jun 2017, 11:32 PM
Sheesh, go for it girl, if ya's got that sorta get up 'n at your age then you just could be tha one ta make 'tha family fortune' (so ta speak ... Wif me not wantin' none of it as I's got me own thrupences stashed so ta speak ... :) ) - But anyways ya can be sure as f*** ya cautious ole Unca herbie never weren't gunna do it - LOL
Is she in offer or contract mode?
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