Obessesion With Houses and Money
Apr 27th 2009, 12:23 pm
#1
Account Closed
Thread Starter
Joined: Mar 2009
Posts: 383
Obessesion With Houses and Money
Two things in life are a neccessity these days cashflow and a roof over your head to bring comfort and security.
Now, what I am finding reading these boards and the web news, is a complete obsession we have with property, a keeping up with Jones type attitude.
Talking to a few RE agents, they also tell me due to the influx of poms in some of the Northern Suburbs, demand is always high, so prices increase accordingly.
So POM+FHOG+NO STAMP DUTY= OVERINFLATED HOUSE PRICE.....
whats happened to the 3.25 X's combined income rule.... whats going on here, whys is it near 5 times... is everyone on 6 figure salaries or something...
Now, what I am finding reading these boards and the web news, is a complete obsession we have with property, a keeping up with Jones type attitude.
Talking to a few RE agents, they also tell me due to the influx of poms in some of the Northern Suburbs, demand is always high, so prices increase accordingly.
So POM+FHOG+NO STAMP DUTY= OVERINFLATED HOUSE PRICE.....
whats happened to the 3.25 X's combined income rule.... whats going on here, whys is it near 5 times... is everyone on 6 figure salaries or something...
Apr 27th 2009, 12:34 pm
#2
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Obessesion With Houses and Money
Two things in life are a neccessity these days cashflow and a roof over your head to bring comfort and security.
Now, what I am finding reading these boards and the web news, is a complete obsession we have with property, a keeping up with Jones type attitude.
Talking to a few RE agents, they also tell me due to the influx of poms in some of the Northern Suburbs, demand is always high, so prices increase accordingly.
So POM+FHOG+NO STAMP DUTY= OVERINFLATED HOUSE PRICE.....
whats happened to the 3.25 X's combined income rule.... whats going on here, whys is it near 5 times... is everyone on 6 figure salaries or something...
Now, what I am finding reading these boards and the web news, is a complete obsession we have with property, a keeping up with Jones type attitude.
Talking to a few RE agents, they also tell me due to the influx of poms in some of the Northern Suburbs, demand is always high, so prices increase accordingly.
So POM+FHOG+NO STAMP DUTY= OVERINFLATED HOUSE PRICE.....
whats happened to the 3.25 X's combined income rule.... whats going on here, whys is it near 5 times... is everyone on 6 figure salaries or something...
http://britishexpats.com/forum/showt...09#post7457509
....and didn't you buy the WRX for $40000?
http://britishexpats.com/forum/showt...33#post7447833
Amazing how things change.
Apr 27th 2009, 12:37 pm
#3
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Thread Starter
Joined: Mar 2009
Posts: 383
Re: Obessesion With Houses and Money
Ah yes the rental in negative equity and a shortfall.
The new car well, it is a recession.
As for house prices, these are inflated my firend as you well know.
Trying to buy a home isnt an easy task when its total shit unless your paying over 500k... didnt seem to the case in qld.
The new car well, it is a recession.
As for house prices, these are inflated my firend as you well know.
Trying to buy a home isnt an easy task when its total shit unless your paying over 500k... didnt seem to the case in qld.
Apr 27th 2009, 12:45 pm
#5
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Thread Starter
Joined: Mar 2009
Posts: 383
Re: Obessesion With Houses and Money
Bottom of the ladder, I am trying believe me... we are below that step too...
Apr 27th 2009, 8:29 pm
#7
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: Obessesion With Houses and Money
Why do you have this problem with what complete strangers want, have or expect? Who cares if someone wants a big house or is prepared to have a huge mortgage, or who only needs a mini but has decided to by a Land Cruiser? It's surely irrelevant to you It is to me, but maybe I'm the one with the problem 
It is to me, but maybe I'm the one with the problem
Apr 27th 2009, 9:08 pm
#8
BE Forum Addict
Joined: Nov 2003
Location: Lower Chittering, Perth
Posts: 4,646
Re: Obessesion With Houses and Money
I dont give a hoot as to what other people have, thats their business not mine!
And yes, we have the 'big' 5 bedroomed house, the nice cars, the investment properties...............but then again we both work bloody hard (not saying that no-one else does).............so what I do with my money is up to me!!
And yes, we have the 'big' 5 bedroomed house, the nice cars, the investment properties...............but then again we both work bloody hard (not saying that no-one else does).............so what I do with my money is up to me!!
Apr 27th 2009, 9:16 pm
#9
Forum Regular
Joined: Feb 2009
Posts: 152
Re: Obessesion With Houses and Money
Why do you have this problem with what complete strangers want, have or expect? Who cares if someone wants a big house or is prepared to have a huge mortgage, or who only needs a mini but has decided to by a Land Cruiser? It's surely irrelevant to you It is to me, but maybe I'm the one with the problem
It is to me, but maybe I'm the one with the problem Could I suggest that it is not just you who are operating in a paralell universe? I believe that the OP is in another universe and is sufferring from SMS or some other form of inferiority complex as well as disillusional and psycotic tendencies.
If I have to operate in such an environment, may I please join your universe!!!!
Apr 27th 2009, 9:59 pm
#11
Lost in BE Cyberspace
Joined: Jun 2007
Location: Tropical North QLD
Posts: 21,434
Re: Obessesion With Houses and Money
Two things in life are a neccessity these days cashflow and a roof over your head to bring comfort and security.
Now, what I am finding reading these boards and the web news, is a complete obsession we have with property, a keeping up with Jones type attitude.
Talking to a few RE agents, they also tell me due to the influx of poms in some of the Northern Suburbs, demand is always high, so prices increase accordingly.
So POM+FHOG+NO STAMP DUTY= OVERINFLATED HOUSE PRICE.....
whats happened to the 3.25 X's combined income rule.... whats going on here, whys is it near 5 times... is everyone on 6 figure salaries or something...
Now, what I am finding reading these boards and the web news, is a complete obsession we have with property, a keeping up with Jones type attitude.
Talking to a few RE agents, they also tell me due to the influx of poms in some of the Northern Suburbs, demand is always high, so prices increase accordingly.
So POM+FHOG+NO STAMP DUTY= OVERINFLATED HOUSE PRICE.....
whats happened to the 3.25 X's combined income rule.... whats going on here, whys is it near 5 times... is everyone on 6 figure salaries or something...
It seems to me that the only one obsessed with houses, money, working wives etc is you!
Stop worrying about what everyone else has or is doing & just get on with it!
Apr 28th 2009, 12:01 am
#12
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: Obessesion With Houses and Money
Dear Moneypen
Could I suggest that it is not just you who are operating in a paralell universe? I believe that the OP is in another universe and is sufferring from SMS or some other form of inferiority complex as well as disillusional and psycotic tendencies.
If I have to operate in such an environment, may I please join your universe!!!!
Could I suggest that it is not just you who are operating in a paralell universe? I believe that the OP is in another universe and is sufferring from SMS or some other form of inferiority complex as well as disillusional and psycotic tendencies.
If I have to operate in such an environment, may I please join your universe!!!!
Apr 29th 2009, 5:15 pm
#15
BE Enthusiast
Joined: Jul 2007
Posts: 866
Re: Obessesion With Houses and Money
We managed to get a very nice 3 bedroom place within 15 minutes drive of the centre of Perth for $370k.
We'd love to have a large property with heaps of bedrooms etc. But to be honest don't need that, so looked at what we could get realistically without over-burdening ourselves.
We'd love to have a large property with heaps of bedrooms etc. But to be honest don't need that, so looked at what we could get realistically without over-burdening ourselves.
