Kudos to this young man

[tech/a]

Building it himself he would do it for around $700/ square meter.
For reasonable quality.

A project builder would do it for 650 ish for fair quality.
Work on 250 square meters for an average place and 300-400 for a more lavish ponderosa.

 

[schnootle]

He has balls i will give him that - but what bank lends an 18 year old with 20k that much money. This shouldn't be allowed. Such easy access to so much money is what has caused house prices to have so little correlation to any inherent value, not to mention the near destruction of the worlds financial system.

 

[alwaysLearning]

Hi Mr J,

here's an idea for you.

marry a girl with more dosh than you

then if it doesnt work out, you can asset strip her!

seriously though, if you ever want to own the roof over your head, it really helps to have 2 wages, so a lady with professional qualifications is ideal.

Its older kids that really shred your wallet, or divorce.

I guess to make this into a trading equation we would need to look at the risk to reward ratios lol

Also look at the probability of the marriage sticking holding together over time.

A stop loss would be handy too

Too much trading on my mind all day every day

edit: I think that I'll stay single

 

[ojm]

He has balls i will give him that - but what bank lends an 18 year old with 20k that much money. This shouldn't be allowed. Such easy access to so much money is what has caused house prices to have so little correlation to any inherent value, not to mention the near destruction of the worlds financial system.

The government's $32k builder-developer-fat-wallets-bonus or whatever it is for new houses helps.

And his parents could go be guarantors (either asset, income or a combination).