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I have given up buying a house

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I have never had a mortgage, never bought a property. I have super but only the 9% or whatever my employer ensures is removed from my salary, and I have a share portfolio I manage myself. I also invest in art and have a very good australian contemporary art collection. HOwever, I do not know if all the money I've invested in art is going to pay off, as selling it is not easy - one needs 'connections' with the right people in the right places. I have rented in past and loved the mobility it provides. I currently live in a home which my elderly mum owns and is my future inheritance - yes I love the security that provides too. If I had been paying a mortgage I would not have the share portfolio which since past four years, after restructuring following heavy losses a while ago, is now in profit between 86-98% (current volatility) and I trust it will improve on that during 2007. Now and then I think of investing in a property but i like the lightness of being i currently feel, which becoming a property owner may take away. A mortgage is a lifetime burden.

Stop_the_clock said:
Silly boy, thats not how you read the chart.

This chart is about Maslow's theory in regards to the Hierarchy of Human Needs.

For sure...the need for sex, rates higher than love, but to have more sex doesn't always mean you are going to find more love either now does it?

The chart defines the most basic human needs and moves upwards. I posted this charts as I believe the cost of housing is having a direct effect on how humans are failing at following a simple theory.

Ask a homless person, a stressed out morgagte holder, or a renter (paying over priced rent) how they feel about their personal safety, their sense of beloning, their self esteem etc...bet its very different to the relaxed home owner.
Click to expand...
 
Stop_the_clock said:
Silly boy, thats not how you read the chart.

This chart is about Maslow's theory in regards to the Hierarchy of Human Needs.
Click to expand...

Sorry boss...I thought it was a scientific break thru...proof of what I'd suspected for a long time already ;)
 
I'd love to own my own house and investment property but for now i need to build up the $$$$, Did any one see that episode on ACA i think, where there was that loophole in the law where anyone could claim they had rights to your land and home and pretty much sell it out from under you. One minute your on Holidays living it up only to find out when you get back that your on the street homeless because some C%&T has sold your house on you :eek: . Life stinks when the Crooks have more rights then genuine law abiding citizens. :confused:
 
To run your own super fund it cost around $600 per year, you cannot gear and you cannot get the super co-contribution payment either...thats why!
 
Management FEES? SUPER? :confused:
If you own your own home Better just double check to see if you still own it, You may have to pay rent to your new landlords, It looks like the only way to own your own home these days is to steal it. :banghead:
I knew i should have put my money into my SUPER F%$# The house. :banghead:
 
nizar said:
Brother from my understanding, Mofra wasnt recommending you to BUY A HOUSE RIGHT NOW, but simply stating that home ownership for you is possible and is a viable option, and this was in response to your comment:
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Nizar, exactly. In two threads I hear STC talk constantly about about how unaffordable housing is (I believe in many cases it is overpriced).

Now everyone is free to make whatever choice they like, but to deny the choice exists in the first place is ignorance. "Giving up" on the "dream" (his words, not mine) of home ownership is fine, but that is a choice STC has made and that is not anyone elses fault.
 
Ahhh but when is a choice, not a choice...that is the BIG question. At the point when something becomes over-priced for the majority, thats when a choice seizes to exists.

Why is it that more and more people cannot afford a normal family sized home?

Why is it that we see people living in tents, shipping containers and caravans. Sure some is by choice but the majority would rather a family home.

So again when does choice become choice...at the point of something being affordable, then turning un-affordable.
 
Stop_the_clock said:
Ahhh but when is a choice, not a choice...
Why is it that we see people living in tents, shipping containers and caravans. Sure some is by choice but the majority would rather a family home.
Click to expand...

From the W.A paper on 15 Jan..2006...
The demand for mining and resources workers in the Pilbara is so strong that a dishwasher can earn $100,000 a year.
As resources companies scramble for skilled labour, the need for support staff is also growing.`
In some cases, unskilled wages in remote areas are rivaling those paid to enty-level surveyors.
On resource construction sites, house-keepers,kitchen-hands, cleaners and dining-room attendants can earn $80,00-$100,000...
Click to expand...

I know, I know, it is easier to complain and whinge about the situation you have been placed in by others rather than get out and do something about it yourself.
The real problem is not the problem, the real problem is the way you deal with the problem.
 
Kauri said:
From the W.A paper on 15 Jan..2006...

I know, I know, it is easier to complain and whinge about the situation you have been placed in by others rather than get out and do something about it yourself.
The real problem is not the problem, the real problem is the way you deal with the problem.
Click to expand...

80 to 100k is nothing when you have to fork out $500k for the house, then why bother.

My brother lived in Sydney on 80K a year and said it was impossible to buy a house, so your point is?

Its all relative right.

You go some place where the jobs pay higher, but then the cost of living are much higher too!
 
Stop_the_clock said:
80 to 100k is nothing when you have to fork out $500k for the house, then why bother.

My brother lived in Sydney on 80K a year and said it was impossible to buy a house, so your point is?

Its all relative right.

You go some place where the jobs pay higher, but then the cost of living are much higher too!
Click to expand...
Just look for one you can afford, not one to keep up with the Johnses
 
Stop_the_clock said:
80 to 100k is nothing when you have to fork out $500k for the house, then why bother.

My brother lived in Sydney on 80K a year and said it was impossible to buy a house, so your point is?

Its all relative right.

You go some place where the jobs pay higher, but then the cost of living are much higher too!
Click to expand...

The cost of living for you in the mines.... free accomodation, free food, free transport, mind you if you drink to drown your sorrows it could get expensive.
$80,000 in Sydney whilst living in Sydney with the costs involved is hardly comparable to living in the Pilbara on $80,000-$100,000 with the minimal costs involved for someone like you.
$500,000... for a house..... you want to start half way up the ladder??? I'm sure $300,000 will buy you something better than a shipping container. If you want to make the effort.
Yes, it is relative. Relative to how much you prefer to be a victim of circumstances as opposed to being master of them.
Any other excuses????
 
Stop_the_clock said:
80 to 100k is nothing when you have to fork out $500k for the house, then why bother.

My brother lived in Sydney on 80K a year and said it was impossible to buy a house, so your point is?

Its all relative right.

You go some place where the jobs pay higher, but then the cost of living are much higher too!
Click to expand...

Hi STC

Sounds like you are very comfortable living the way you are and as long as you are comfortable there is no way you will consciously or unconsciously allow change. BTW are you living at home? If however, things changed, then I am sure you would be asking the question "how can I afford to buy a house?" From that perspective anything is possible.

Cheers
Happytrader
 
Kauri said:
The cost of living for you in the mines.... free accomodation, free food, free transport, mind you if you drink to drown your sorrows it could get expensive.
$80,000 in Sydney whilst living in Sydney with the costs involved is hardly comparable to living in the Pilbara on $80,000-$100,000 with the minimal costs involved for someone like you.
$500,000... for a house..... you want to start half way up the ladder??? I'm sure $300,000 will buy you something better than a shipping container. If you want to make the effort.
Yes, it is relative. Relative to how much you prefer to be a victim of circumstances as opposed to being master of them.
Any other excuses????
Click to expand...

Yep just like the guy I saw on TV, who was working in the mining industry in QLD, on a great wage of $100k. The mining company did not offer any accomodation, so he was forced to rent a run down caravan for $500 per week. So you take out the taxes on 100k and the 25k for accomodation and what have ya got left...an average wage. Like I said its all relative!
 
By the way I am no victim..I am a survivor...I live very well on a low wage and save so much more money than many around me on an average wage.

Hey just 12 years ago I left home with nothing more than a garbage bag full of clothes and 12 years on I am living in one of the most wealthiest suburbs in Adelaide in an appartment over-looking the city lights...with views stretching to the sea. Sometimes its not how hard you work, or what ya do with your money, or how good you were bought up...sometimes luck just deals you a good hand!

I live within my means, but its not my problem that wealthy people around me what to share their lives with me.

Yep even the wealthy boat owner needs a sailingl crew!
 
Stop_the_clock said:
Yep just like the guy I saw on TV, who was working in the mining industry in QLD, on a great wage of $100k. The mining company did not offer any accomodation, so he was forced to rent a run down caravan for $500 per week. So you take out the taxes on 100k and the 25k for accomodation and what have ya got left...an average wage. Like I said its all relative!
Click to expand...
Ah, you saw it on T.V... I stand corrected... :D
Have you ever been to the mines in the Pilbara, or even the gold mines throughout the goldfields? Unless you want to commute out of a regional centre such as Kal. it goes no accomadation, no job.
If you are not a victim stop acting one, it's the greedy Baby-Boomers fault, it's the greedy developers fault, it's the real estate investors fault.
 
Thats why i am sticking my fingers up to people like yourself who are critical of the way I live my life and clicking the Bpay button transerfing more money over to my super fund...each to their own.

I was a victim once, always blaming somebody else, but now I am doing something about it. I am making the best of my life...the best way I know how.

Thanks again for your concern, its much appreciated.

Were you born with a silver spoon in your mouth?

Walk a day in my shoes and you might know what life is really like. Having the crap beaten out of me as a child and watching my mum being beaten up by my father....no you wouldn't have a clue.

I really do appreciate the Aussie batler!

Now move on, I have a life to live and you are getting in the way!
 
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