Ok so one option is move to another town...so whats the option for everyone else my wage...move to another town?
Get a job in the mining industry somewhere like the pilbara...i worked in the pilbara before and remember when all the mines closed down last time and nobody could get a job after that...Im not prepared to get a mortgage for a few hundred k and then find my work runs out.
Have you seen the rents in mining towns do a search on port hedland and karratha...so my choice is fly in fly out and see the keed 1 week every 2...what a great option for parents these days.
I live in a major city...rent here is $300 per week on average for a unit and there is vacancy rates of about 1% If the wife goes out to work then we might maker an extra $200 a week but the 11 month old girl goes to childcare so whats the point in having kids anymore...so you can adopt them out to childcare?
I remember my mum and all my friends mums pretty much being stay at home mothers...and my grandma was the same and all her friends...cant you see the difference now(they all were paying off houses)?
And if parents want to help there kids why is this generation(baby boomers) the first ones called skids spend the kids inheretence...cause they are selfish!!
Once again with the 18% thing you still dont get it...our repayments now are higher on a house than when rates were 18% (takes up more of your income)...secondly you only had 18% rates for short period and a lot of that time they were capped by the RBA at 13% or so. We have the highest ever repayments and rates are expected to rise again (inflationary cycle)
Yes houses have risen in price...in fact about double the price in the last 6 or 7 years...this is an anomoloy if you lookm back at house prices in australias past.
And why am i better off in than out? Can you say that to those who bought in western sydney in 2003...or perth/darwin in the last year...or the UK or USA in the last few years...or ireland...or japan in the 90's?
"Im sure comparably my situation was just as difficult. Do I make the a+se hole generation you hate ? ..lol "
It may have been but do you have record high fuel prices...rents taken up and higher portion of pay than ever...repayments taking up a higher portion of pay than ever...inflation running at 10 year highs and need a mortgage of 7x your income to get in the market?
On the dole...it has hardly risen in the last 7 eyars...howard has brought in the work for the dole scheme...we cant just go on the dole surfing and travelling like you guys once did.
How can i shell out 50% of my wage in rent...because that is the average rent for a unit in the city i live as vacancy rates are 1%...i can move further out of town but then fuel costs pretty much eat up the difference.
I remember most mothers were stay at home until kids started going to school...the average age must be about 1 or 2 years now.
The 5k handout was to try and stimulate the economy by costello because we werent having enough kids..i dont want the baby grant or the fhog...scrap them both i say....why is everyone subsidised for everything all it does is inflate inflated things even more.
So just buy a unit now for $250k...costs ontop around 10k so 260k...repayments around $450 a week...rates $20 a week...insurance $10 a week..the unit will cost $480 a week ontop of that rates are about to rise again in feb so lets just say $500 a week to live in a crappy unit when i take home $750 a week. Electricity$15 Car/fuel/maintenance/tyres $80 Food $100 Phone $10 clothes $5 Insurance $10 Rego $10
Just for these basics/essentials will leave $20 a week to live on...what if my car breaks down...what if the washing machine stops or the oven...or heaven forbid rates rise once or more...then what...im completely broke from just buying a crappy unit?
What if there is a recession and i get laid off and so do heaps of other people...then im finished?
You got all the easy answers dont you cause howard has feathered your nests.
How about these for some answers...we slowly get rid of negative gearing unless its for new properties...we bring back full cgt like there was pre 98...we get rid of the fhog etc...how do you like my answers...bet you dont caause your investment properties might fall in value.
