Can I ask how much you got off the asking price deadcat (if any).
$10k. I got them to fix some small issues too.
I'm still very happy I made the purchase, although the buses suck in this part of town. Last week a car accident caused traffic to back up, so it took 1 hour 20 minutes to get to work instead of 40.
You will most likely not regret it. Not because it's your 'house and not an investment', but because it will most like won't go down in value. Prices will likely start rising now with low interest rate and even lower rates to come.
You will actually regret it for not waiting a bit longer if the price falls 40% irrespective of the fact that it is your home. Most people would.
Funnily enough, even if it fell 40%, I still wouldn't regret it.
The rental I moved from was freezing in winter, and very cramped. If I hadn't bought, I would still have had to move.... then I would have to move again soon after when I did buy. Pregnant wife would not be impressed!
. I rent high cost houses and quality comes with it but I do not run the risk of owning a 1m + house in this climate of uncertainty.
At some point I will buy and that will be when it makes sense and suits my lifestyle.
if you can't afford a 1m+ house it won't make sense in any market, ever. renting because you want to appear like some kind of big shot is the height of wankery.
I am the love child of Tony Abbott and Pauline Hanson
Funnily enough, even if it fell 40%, I still wouldn't regret it.
The rental I moved from was freezing in winter, and very cramped. If I hadn't bought, I would still have had to move.... then I would have to move again soon after when I did buy. Pregnant wife would not be impressed!
Yours appears to be an emotional decision to purchase rather anything financial - as you have said you are very happy to potentially lose tens if not hundreds of thousands of dollars over the next 12 months.
I know your wife is happy to have a house, but how will she feel about losing that kind of money ? Waiting 12 months is not that big a deal, the crash has been on for only one year in earnest, and looking at the US it was four years for the steep declines to flatten out to moderate losses.
For myself I intend to buy back into a falling market, absolutely, however I intend to by at the end of the steepest declines, not right before them, and as emotional as we are about wanting to return to outright ownership we are looking to maximise our life style - that will include a new house in a good location and a new coastal property for the price of one shitty property now.
Your call - I feel it was a bad one - especially in Brisbane, could have been worse though, you could have bought into Melbourne.
Funnily enough, even if it fell 40%, I still wouldn't regret it.
The rental I moved from was freezing in winter, and very cramped. If I hadn't bought, I would still have had to move.... then I would have to move again soon after when I did buy. Pregnant wife would not be impressed!
Nothing like a pregnant wife to realise there are other benefits to buying your own home than just purely financial. p.s. I had a friend who was given notice to vacate the rental property when the girlfriend was 8 months pregnant
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Nothing like a pregnant wife to realise there are other benefits to buying your own home than just purely financial. p.s. I had a friend who was given notice to vacate the rental property when the girlfriend was 8 months pregnant
Moved countries while wife was 8 months pregnant - and ? Its not like its the 1940's and are strapped to a bed....
Any wife who says to their partner I want to own a home and all the massively increased risks associated with that, along with the ridiculous financial losses associated with that decision is not thinking rationally - ...... -> pregnant wife.
Moved countries while wife was 8 months pregnant - and ? Its not like its the 1940's and are strapped to a bed....
That's pretty amazing considering that most airlines won't carry women who are 36 weeks or more pregnant on flights longer than 4 hours?
Quote:
Any wife who says to their partner I want to own a home and all the massively increased risks associated with that, along with the ridiculous financial losses associated with that decision is not thinking rationally - ...... -> pregnant wife.
That's pretty amazing considering that most airlines won't carry women who are 36 weeks or more pregnant on flights longer than 4 hours?
I'm guessing you may not be married now?
Well I can't answer for audas, but certainly things can happen to pregnant women. A recent event in the USA was the unexpected birth of a child to a lady well known to my family at just 24.5 weeks and the problems that has caused are just massive, despite the fact that they had insurance and the insurance company was told of the pregnancy when they accepted the premium.
That is correct - most airlines - we pay for quality. You might try it, makes flying so much easier,
Really? I thought it was normally the dodgy airlines like Garuda etc that don't care about those sorts of rules? The good ones know that most of their passengers don't particularly want to be dealing with an unexpected in-flight child birth in the row in front of them!
PS: Most long haul flying I have done in the last 10 years has either been work/business related, so business class and occasionally even first after a lucky upgrade (now THAT'S how to fly!), or personal but upgraded to business class using all the FF points I seem to accumulate, and always on premium airlines (Qantas, Singapore, Emirates, Etihad). So please tell me what else I am doing wrong to be missing out on this "paying for quality" thing that I should try sometime?
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