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Cutting down on frivolous spending to keep up with first home mortgage wasn't easy; But he doesn’t regret the sacrifices made to enable him to get on the ladder and build wealth in Sydney's housing boom
Topic Started: 16 Sep 2017, 11:42 AM (1,822 Views)
herbie
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hidflect
17 Sep 2017, 08:14 PM
I actually clicked that video Herbie.
I like this one too Hidflect: https://www.youtube.com/watch?v=I-8yx5K_LCo

Shadow'd not approve (I reckons) ; Being a natural born Ulsterwoman - But I reckon it's a catchy tune anyways ... :)

But this one's better: https://www.youtube.com/watch?v=4rhp7Q7Ceq8 - For mine at least.
Edited by herbie, 17 Sep 2017, 08:30 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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hidflect
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herbie
17 Sep 2017, 08:23 PM
I like this one too Hidflect: https://www.youtube.com/watch?v=I-8yx5K_LCo

Shadow'd not approve (I reckons) ; Being a natural born Ulsterwoman; - But I reckon it's a catchy tune anyway ... :)

But this one's better: https://www.youtube.com/watch?v=4rhp7Q7Ceq8 - For mine anyway.
I think I prefer Foxy's videos. More love, less militancy.
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herbie
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hidflect
17 Sep 2017, 08:30 PM
I think I prefer Foxy's videos. More love, less militancy.
Oh well, one little man just can't keep all of tha peoples happies all of tha times as they says I 'spose ... :)

Hmmm - How about this one? : https://www.youtube.com/watch?v=CKgXldJb5p4

Or this? : https://www.youtube.com/watch?v=JEgXAu30yuY

Or even: https://www.youtube.com/watch?v=hHTojtx89Cw and https://www.youtube.com/watch?v=Urtiyp-G6jY ?

'N if ya wants ta play REAL hard ta gets, these? : https://www.youtube.com/watch?v=1rmo3fKeveo and https://www.youtube.com/watch?v=XnPh3GGykaI - Wif me reckonin' EVEN Musty would appreciate that last one ... :)

Tho I reckons ya'll hafta get some more migrants in ta do them last two ... LOL
Edited by herbie, 17 Sep 2017, 09:05 PM.
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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zaph
17 Sep 2017, 01:37 PM



I'm more included to listen to an anecdote from Rufus who sees how hundreds of equity withdrawals are spent than you who have seen, how many?
Because a mortgage broker posting propaganda on a pro/staunched property forum would be inclined to state impartial 'truths'?!

So you're plain gullible.
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herbie
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Chris
17 Sep 2017, 10:09 PM
Because a mortgage broker posting propaganda on a pro/staunched property forum would be inclined to state impartial 'truths'?!
That's incoherent babble Chris - I can only suggest ya tries agin ...

Hmmm - 'N after gettin' yaself an 'edumacation' a bit above Grade 3 level just maybes?
Edited by herbie, 17 Sep 2017, 10:52 PM.
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
17 Sep 2017, 10:47 PM
That's incoherent babble Chris - I can only suggest ya tries agin ...
Not my finest moment but you get the general gist. Rufy is not impartial and nor am I, besides he has proven himself to be unwavering in his stance that mortgage brokers do not falsify docs as a common practise (not suggesting he does, those who have dealt with him vouch he is upstanding) disregarding significant evidence it is rife nationally. Just because he doesn't resort to it doesn't mean it's not happening hence my inability to accept his assessment that it isn't common place for individuals to purchase high value discretionary items with 'equity'.

He either lives in a very sheltered existence or he is dealing out his own dosages of propaganda?!
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herbie
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Chris
17 Sep 2017, 10:57 PM
Not my finest moment ... BLAH BLAH ...
Couldn't be bothered reading the rest - Good night!
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
17 Sep 2017, 11:00 PM
Couldn't be bothered reading the rest - Good night!
I know you read it all.

Night herb.
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Foxy
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Zero is coming...

Bardon
16 Sep 2017, 11:42 AM
A few home truths here.

Post-crisis home buyers ‘more satisfied’ with finances

Cutting down on holidays and weekend drinks with friends to keep up with the mortgage on his first home wasn’t always easy for accountant Hadi Prayoga.

But he doesn’t regret the sacrifices that enabled him to get into the Sydney property market and build wealth in the city’s housing boom, instead of paying rent that he sees as “dead money”.

Mr Prayoga, 30, is part of a generation of post-crisis home buyers that the Reserve Bank singled out this week as being in better financial shape than renters once they managed to take the plunge.

The RBA acknowledged worries about rising levels of household debt — even as potential interest rate rises loom that could put pressure on stretched mortgage holders — while also highlighting surprising bright spots in first-home buyers’ financial health.

Those who bought their first home between 2008 and 2014 were more likely to be satisfied with their financial situation than renters, the RBA said in a report titled “The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK”.

Post-crisis first-home buyers were also more likely to feel satisfied with their finances than those who bought their first home before 2007, the RBA said.

They were less likely to make late mortgage repayments or ask for financial help than first-home buyers in previous years.

After buying his two-bedroom apartment in Maroubra, in Sydney’s southeast, with the help of his parents in 2009, Mr Prayoga worked hard to pay down his debts to the bank and his family.

He is glad to have made the decision to buy rather than rent, and now to fund a start-up business he is selling his home through Century 21.

“I grabbed this opportunity when I was 22 and now that I need more capital I have it,” Mr Prayoga said. “I was quite lucky because I was being guided by my father … Now that I’m paying off my own mortgage I don’t see it as dead money.”

First-home buyers have been coming back into the market more recently after east coast state governments offered stamp duty savings, with ABS data showing the proportion of loans to first-home buyers hit its highest point in four years in July.

Century 21 agent Nick Pappas has noticed a rise in first-home buyers “genuinely looking”. “With what the government’s been doing that’s probably helped them to get into the marketplace,” he said.

The RBA acknowledged the difficulty of getting into the property market. “Our results support the hypothesis that higher housing prices have crowded out potential first-home buyers from the market,” report authors John Simon and Tahlee Stone wrote.

The bank warned that first-home buyers were taking on more debt than in the past as housing prices had outpaced incomes.

The RBA found that some buyers who received help from their parents were more likely to face cashflow problems than those who had the discipline to save the money themselves.

Australia’s household debt is one factor in focus for the RBA as it prepares to lift interest rates from historic lows. Rates are likely to start rising around the December quarter of next year, said AMP Capital chief economist Shane Oliver and this will “have a further dampening impact on the property market”.

http://www.theaustralian.com.au/business/property/postcrisis-home-buyers-more-satisfied-with-finances/news-story/d0bf2441f1617e4798e65ce8734228e6
So crimp on your life so you can pay more for a house???

:wak: :wak: :wak:
Bardon
16 Sep 2017, 11:42 AM
A few home truths here.

Post-crisis home buyers ‘more satisfied’ with finances

Cutting down on holidays and weekend drinks with friends to keep up with the mortgage on his first home wasn’t always easy for accountant Hadi Prayoga.

But he doesn’t regret the sacrifices that enabled him to get into the Sydney property market and build wealth in the city’s housing boom, instead of paying rent that he sees as “dead money”.

Mr Prayoga, 30, is part of a generation of post-crisis home buyers that the Reserve Bank singled out this week as being in better financial shape than renters once they managed to take the plunge.

The RBA acknowledged worries about rising levels of household debt — even as potential interest rate rises loom that could put pressure on stretched mortgage holders — while also highlighting surprising bright spots in first-home buyers’ financial health.

Those who bought their first home between 2008 and 2014 were more likely to be satisfied with their financial situation than renters, the RBA said in a report titled “The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK”.

Post-crisis first-home buyers were also more likely to feel satisfied with their finances than those who bought their first home before 2007, the RBA said.

They were less likely to make late mortgage repayments or ask for financial help than first-home buyers in previous years.

After buying his two-bedroom apartment in Maroubra, in Sydney’s southeast, with the help of his parents in 2009, Mr Prayoga worked hard to pay down his debts to the bank and his family.

He is glad to have made the decision to buy rather than rent, and now to fund a start-up business he is selling his home through Century 21.

“I grabbed this opportunity when I was 22 and now that I need more capital I have it,” Mr Prayoga said. “I was quite lucky because I was being guided by my father … Now that I’m paying off my own mortgage I don’t see it as dead money.”

First-home buyers have been coming back into the market more recently after east coast state governments offered stamp duty savings, with ABS data showing the proportion of loans to first-home buyers hit its highest point in four years in July.

Century 21 agent Nick Pappas has noticed a rise in first-home buyers “genuinely looking”. “With what the government’s been doing that’s probably helped them to get into the marketplace,” he said.

The RBA acknowledged the difficulty of getting into the property market. “Our results support the hypothesis that higher housing prices have crowded out potential first-home buyers from the market,” report authors John Simon and Tahlee Stone wrote.

The bank warned that first-home buyers were taking on more debt than in the past as housing prices had outpaced incomes.

The RBA found that some buyers who received help from their parents were more likely to face cashflow problems than those who had the discipline to save the money themselves.

Australia’s household debt is one factor in focus for the RBA as it prepares to lift interest rates from historic lows. Rates are likely to start rising around the December quarter of next year, said AMP Capital chief economist Shane Oliver and this will “have a further dampening impact on the property market”.

http://www.theaustralian.com.au/business/property/postcrisis-home-buyers-more-satisfied-with-finances/news-story/d0bf2441f1617e4798e65ce8734228e6
So crimp on your life so you can pay more for a house???

:wak: :wak: :wak:
Edited by Foxy, 18 Sep 2017, 01:42 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Ex BP Golly
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Rufus
17 Sep 2017, 04:49 PM
People of middle class wealth don't spend that much. The people you normally see in the restaurants and pubs are from lesser suburbs, they are swanning in a better suburb pretending to belong there, as you probably were.
That stupid thinking makes you feel justifiably relevant.

Poor people spent big just to pretend they can hand out with you :wak:

Please, tell me something a little more interesting and believable you sad dislikeable person
Edited by Ex BP Golly, 18 Sep 2017, 06:18 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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