Amazulu

That's f**king nuts! I bought a 2nd hand dining table with 6 chairs for GBP50 for my first home. We still use it to this day although it is due a replacement.

sr71

I think I've made this comment before, but surely property prices must have a big effect on the make-up of society.

I mean, for example, you could be a high income earner like a doctor, lawyer etc earning $150K (and no bravado please - this is still a high income) and yet they are only able to afford a home in a shitty area, rather than a leafy suburb of which their predecessors were probably used to.

ozzieeagle

You could be correct... Plenty of Doctors residences in Coburg and Preston. I was actually quite surprised at the amount of mail that goes through our hands to their home addresses in these areas.

mrsridge

what a waste of $90K - and its only going to lose value as time goes by

Lord_Farquar

Unless it was made out of gold.

comet555

It's might not necessarily be because that's all they can afford.

Our family is in that income bracket you mentioned and yet we still bought in the cheapest subdivision in our area. Could we have afforded to get a house with twice the mortgage in a nicer area closer to the ocean? Yes, we could have easily done that. But we chose to buy in a cheaper area so that we could get the same house for less money and have more disposible income and pay off our house sooner.

So... you can't always judge a family's situation based on where they live. I know families that make half what we do and yet live in a nicer area, have nicer houses (and bigger mortgage) and send kids to private school. Most of them are just barely earning more than their lifestyle requires.

However... I know what you're getting at. In the big cities I'm certain it's common for the typical high income earners to be priced out of the nicer areas and be forced outwards. Not normally what you would expect if it weren't for the high cost of housing.

sr71

So what would be a reasonable amount to furnish a 4 bedroom McMansion with 2-3 lounges, a dining area, an outdoor dining area, a study, 4 bedrooms, home theatre, rumpus, bathrooms etc. And not using Fantastic Furniture, but stuff of a reasonable quality that would last.

And you'd probably have to include appliances like TVs, BBQs, American Fridge/Freezer, Home Theatre etc

Amazulu

My take on this is that you don't need it all, at the beginning. You accumulate stuff as you go along. Borrowing $90k to furnish a house in one hit is being a f**kwit.

sr71

Surely it's 'living the dream'?

Amazulu

But a 'nightmare' to pay back!

comet555

We furnished our 4 bed, 2 bath house for about $15-20k. Completley from scratch as we arrived with just our clothes.

I can see how someone could spend that much if they bought all top of the line items. There's just no reason for it though when you could do it for a quarter of that and still have nice stuff.

king kong

that right a mcmansion would swallow 90000 like a bogan swallows a qtr pounder.

Geelong Gent

Angus now isn't it? Just that little bit fancy. 3 pounder

Geelong Gent

Isnt that the dream




From Elmstreet

king kong

lol , its the dream everywhere now .Get now at all cost .