Feel Better:Complain About Anything

Originally posted by Joannie ↑

@Lady Penny, could not reply, so a copy and paste here, sorry.

This awful housing situation, will take many years to fix. I would not, if asked, encourage anyone to build or buy a land and home package. A bit like buying a new car, as soon as you drive it out of the showroom, the value drops, well normally. But in the last year there have been odd cases of secondhand cars being worth more than new ones? So many builders going into administration too.If I were young and trying to get ahead, I would buy a cheap rural block and put a donger or container on it and work from there.Pearls are the most beautiful things, even if fake. I still have shares in Atlas pearls, if only my mean (not really) husband had allowed me to blow more money, it would have been a great opportunity to top up in the last couple of weeks. But basically, the share market is so corrupt, that I am quickly losing interest in it.Many areas in Perth which were considered to be the last resort, way away from infrastructure and with dodgy reputations have gone crazily up in value, far more than the values which have been reported. It is just desperation.I love the idea of the small homes, where young couples can build or convert an old caravan into something really liveable and then trade around Australia, doing fruit picking etc, yeah it is hard work, but when you are young you should be up for this.

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A lady I know is building her 7th home. She has sold a few and done very well. Understands the housing market way more than I do. Never gives up. She'll take a break if materials are too high or labour too high. Then she'll go ahead when things calm down. Her new place is starting to take shape.

We drove around early this morning and I noted some older style homes have been done up really well. Kept the old style verandahs and continued it to the garages or addons. Also noted quite a few for sale. They weren't there a month ago.

With shares it's better to read as much as you can in the way of books and research. I think at this time there's too much uncertainty in the world and that makes a nervous market. China put out better than expected economy figures but that's really hard to believe. I think until we get some signs of peace deals the market will continue to fray.

There was one share I watched and it couldn't get funding as costs were too high for the project and now it's on the radar again after a year. They must have come up with a way around the high costings.

I'm about to write to a friend in the US and ask how the housing market is there.