Go Back  British Expats > Living & Moving Abroad > Australia > The Barbie
Reload this Page >

Do you live in a home or a property?

Do you live in a home or a property?

Old Sep 8th 2008, 3:29 pm
  #1  
Australia's Doorman
Thread Starter
 
Hutch's Avatar
 
Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,054
Hutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond reputeHutch has a reputation beyond repute
Default Do you live in a home or a property?

Was reading an article in The Guardian the other day and it struck a chord with me. The basic upshot of it was that we British had, at some point over the last 20 years or so, changed from being home owners, to property owners. We had stopped thinking of the place we lived in as somewhere to live and raise kids, and instead looked on it as the pension we never saved for or the Spainish holiday flat to be. The article suggested that most of the stuff happening due to the so-called credit-squeeze becomes totally irrelevant if you think of your house as a home rather than an investment. As long as you can comfortably afford the mortgage - everything else is secondary. Or is it?
Hutch is offline  
Old Sep 9th 2008, 3:50 am
  #2  
Banned
 
GinaUK's Avatar
 
Joined: Dec 2004
Location: Tapping (Perth)
Posts: 2,619
GinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond reputeGinaUK has a reputation beyond repute
Default Re: Do you live in a home or a property?

Speaking for myself: We currently live in "a rental" (it's definitely not home and never will be).

When our house is built, we'll live again in "a home" (definitely not a property). Never saw our UK home as an investment and won't look at our Australian home as an investment either.

But I can see where the Guardian article is coming from and sadly they are probably right.

Gina
GinaUK is offline  
Old Sep 9th 2008, 4:12 am
  #3  
Crazy Cat Lady
 
moneypenny20's Avatar
 
Joined: Apr 2004
Posts: 65,493
moneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond reputemoneypenny20 has a reputation beyond repute
Default Re: Do you live in a home or a property?

First and foremost it's a home. The chances are it will be a property as well though, unless I win Lotto
moneypenny20 is offline  
Old Sep 9th 2008, 4:18 am
  #4  
Gutter Gob!!
 
northernbird's Avatar
 
Joined: Feb 2005
Location: Perth
Posts: 13,098
northernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond reputenorthernbird has a reputation beyond repute
Default Re: Do you live in a home or a property?

Looking around the place at the moment I would say I live in a craphole Seriously though it's my home and every place we have owned has been the same.
northernbird is offline  
Old Sep 9th 2008, 4:19 am
  #5  
Lost in BE Cyberspace
 
Joined: May 2006
Posts: 6,600
spartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond repute
Default Re: Do you live in a home or a property?

Originally Posted by Hutch View Post
Was reading an article in The Guardian the other day and it struck a chord with me. The basic upshot of it was that we British had, at some point over the last 20 years or so, changed from being home owners, to property owners. We had stopped thinking of the place we lived in as somewhere to live and raise kids, and instead looked on it as the pension we never saved for or the Spainish holiday flat to be. The article suggested that most of the stuff happening due to the so-called credit-squeeze becomes totally irrelevant if you think of your house as a home rather than an investment. As long as you can comfortably afford the mortgage - everything else is secondary. Or is it?

In some ways yes.

Brits are obsessed with house prices, who bought what for how much, and in an appreciating market generaly feel quite chuffed with the (deluded) idea that they're in some way making money. So conversely in a depreciating market, the thought of losing money which they'd never really owned, makes them feel like jumping off a bridge. Keeping up with the Jones' has prompted them to turn 'unreal money' into very real debt, spent on worthless chattels.

But in others no.

Virtually all possessions devalue over time, my own vintage collection of erotica excepted; cars for example hideously so. Why should we view a house as being any different?
spartacus is offline  
Old Sep 9th 2008, 4:23 am
  #6  
BE Enthusiast
 
tictac's Avatar
 
Joined: Sep 2006
Location: Pine Rivers
Posts: 845
tictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond reputetictac has a reputation beyond repute
Default Re: Do you live in a home or a property?

Could you please post the link to this article? I'd be very interested to read it.

Like the poster above, we're currently living in a rental and do not see it as a 'home'.

What makes a property a home - an emotional bond; the security of knowing that you cannot have it taken away from you; having the ability to add touches to the property as an extension of your character/personality/interests etc

We do not envisage ourselves becoming homeowners in Australia

This in turn means that we will not be able to call Australia our home.

Though we may choose to stay here for a while and continue to live in a rental 'property'

Does that make sense?
tictac is offline  
Old Sep 9th 2008, 4:25 am
  #7  
Lost in BE Cyberspace
 
Joined: May 2006
Posts: 6,600
spartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond repute
Default Re: Do you live in a home or a property?

Originally Posted by tictac View Post
Could you please post the link to this article? I'd be very interested to read it.

Like the poster above, we're currently living in a rental and do not see it as a 'home'.

What makes a property a home - an emotional bond; the security of knowing that you cannot have it taken away from you; having the ability to add touches to the property as an extension of your character/personality/interests etc

We do not envisage ourselves becoming homeowners in Australia

This in turn means that we will not be able to call Australia our home.

Though we may choose to stay here for a while and continue to live in a rental 'property'

Does that make sense?
Only to you, but that's ok.
spartacus is offline  
Old Sep 9th 2008, 4:28 am
  #8  
BE Forum Addict
 
Petals's Avatar
 
Joined: Jul 2008
Location: Westernport Mornington Peninsula
Posts: 1,761
Petals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond repute
Default Re: Do you live in a home or a property?

We definitely live in a home not an investment a home. Not up with the latest furnishing fashions so not a furniture showroom ,lots of books, papers etc dogs cats kids when they are home its home.
Petals is offline  
Old Sep 9th 2008, 5:11 am
  #9  
(It's not my real name)
 
renth's Avatar
 
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
renth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond repute
Default Re: Do you live in a home or a property?

Good article, it's here:

http://www.guardian.co.uk/society/20...ng.houseprices
renth is offline  
Old Sep 9th 2008, 5:13 am
  #10  
BE Forum Addict
 
rabsody's Avatar
 
Joined: Apr 2007
Location: Brisbane, Australia
Posts: 3,521
rabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond repute
Default Re: Do you live in a home or a property?

Definitely a home (been in this house 7 years now ) but I still like to keep one eye on overcapitalising in case we did need to sell it at some stage.

My mum back in UK has spent silly amounts on doing up their property which she knows she will never make back on the house but she doesn't care because she says she'll never move again so for them it's all about enjoying the quality of life in a nice house rather than any money they will make/lose.
rabsody is offline  
Old Sep 9th 2008, 5:30 am
  #11  
 
asher's Avatar
 
Joined: May 2006
Location: in the Sydney asylum
Posts: 20,690
asher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond reputeasher has a reputation beyond repute
Default Re: Do you live in a home or a property?

my house was always my home I decorated to my taste not with an eye to selling, improvements were done to make it more comfortable ignoring what would add value when we sold.
I would hate to live in a bland to everyones taste property I always loved my cosy home.

Now i live in a rental I just worry about how high the rent will go when we come up for renewal
asher is offline  
Old Sep 9th 2008, 5:33 am
  #12  
Lost in BE Cyberspace
 
Joined: May 2006
Posts: 6,600
spartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond reputespartacus has a reputation beyond repute
Default Re: Do you live in a home or a property?

Originally Posted by Hutch View Post
Was reading an article in The Guardian the other day and it struck a chord with me. The basic upshot of it was that we British had, at some point over the last 20 years or so, changed from being home owners, to property owners. We had stopped thinking of the place we lived in as somewhere to live and raise kids, and instead looked on it as the pension we never saved for or the Spainish holiday flat to be. The article suggested that most of the stuff happening due to the so-called credit-squeeze becomes totally irrelevant if you think of your house as a home rather than an investment. As long as you can comfortably afford the mortgage - everything else is secondary. Or is it?
That Sarah Beeny's got a lot to answer for.

spartacus is offline  
Old Sep 9th 2008, 8:04 am
  #13  
Has left the building
 
Geelong Gent's Avatar
 
Joined: Mar 2007
Posts: 4,079
Geelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond reputeGeelong Gent has a reputation beyond repute
Default Re: Do you live in a home or a property?

Originally Posted by spartacus View Post
That Sarah Beeny's got a lot to answer for.

http://www.coolsmartphone.com/images...eeny-other.jpg
Yes tell her to keep jumping up and down
Geelong Gent is offline  
Old Sep 9th 2008, 8:48 am
  #14  
Forum Regular
 
storms's Avatar
 
Joined: Feb 2006
Location: Perth
Posts: 255
storms has a brilliant futurestorms has a brilliant futurestorms has a brilliant futurestorms has a brilliant futurestorms has a brilliant futurestorms has a brilliant futurestorms has a brilliant futurestorms has a brilliant future
Default Re: Do you live in a home or a property?

I think of my house as my home, not as an investment, as your property is always a liability, (it always costs money on a daily basis to run!)

I doubt me it will become an asset to anyone.....until I pass over that is!!
Bj
storms is offline  
Old Sep 9th 2008, 9:10 am
  #15  
BE Forum Addict
 
rabsody's Avatar
 
Joined: Apr 2007
Location: Brisbane, Australia
Posts: 3,521
rabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond reputerabsody has a reputation beyond repute
Default Re: Do you live in a home or a property?

Originally Posted by spartacus View Post
That Sarah Beeny's got a lot to answer for.

http://www.coolsmartphone.com/images...eeny-other.jpg
I'd like an answer as to why she's not wearing a bra!
rabsody is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.