No probs, JacM, opinions are free . R U coming on Friday?

D

I think you should remember as well that not everyone wants to buy a house. Not everyone wants the great Ozzy dream of a lifetime mortgage. Renting no longer has the stigma attached to it that it did years and years ago. My parents bought their first house when I was 18. They rented for ever until they could afford to buy in the sticks after the 90's recession. Years ago you only rented coz you were poor.

A lot of people won't ever own their own home as they simply don't want to. There are also a lot of people who don't want to invest in property. An ex friend of mine refused to buy property as she did not like rental managers. She bought her own home but boughts shares as her investment. There are many people who simply believe (dumb yes) that property is a bad investment and that tenants will trash the place and you will lose lots of money.

Then there are the people who get moved around the country for work. You can pretty much count them out for buying a home to live in as they might have to sell in a year or two. They might buy investments but still never own their own home.

Try not to get too down on this Sash. Yeah I see what you mean, but try to distance yourself from the herd "oh man I will MISS OUT" mentality. Those people who really want to own property will beg, borrow and create ways to own what they want. You only get as far as you want to in life. And in investing. And plus there is still plenty of cheap properties to buy. It is just that nobody wants to own an investment first or a house that is further out or that needs work.

You are doing great, I wish at 21 I'd gone for investing and not listened to every other idiot. Now I listen to me. (And a heap of people who have been there and done that)

D

There is a documentary on people living in Lagos. There is about 1000 people living on top of the tip in houses made form scrap. There is 16 million people living in the city. The future where you can't afford to live in a house?

D

What like the flat lining that happened after 2003 and took this long to get going again?

 I have to say that yes property will look cheap (GOM I am playing devils advocate here BTW) compared with Pakistan but the average wage there is like $15 a week.

Look it is great that we can afford property and all have jobs (mostly) to repay loans for 30 years. But that is the whole point. We are basically signing up for indentured slavery to pay off somewhere to live for 30 years. 30 years.

30 years! It is a long time. That means that the whole country HAS to work to pay for their PPOR. This is great for the govt. They have a whole country of people that have to work and pay tax because they have to pay off their house.

Just putting a different perspective on this whole affordability thing.

Property is nice and affordable in USA………….shame it is because their country is in the toilet.

GOM how many have you bought this year? (if you don't mind me asking?)

D

Hi all,

Had a quick look, I was directed to their website rather than this post. They seem to deliver only new builds in newly developed areas so they must have an agreement with developers. I don't think a rent guarantee automatically means it is a good location and I would read the fine print as to what exactly they pay when the property is empty. They also target first home buyers which means as an investor buying into an area you are competing with buyers buying on emotion rather than facts and figures.

Better off doing your own homework or at worst using a buyers agent.

BTW I would never ever use a conveyancer or solicitor recommended to me by a vendor. 

Just my opinion.

D

KRUDD has proved he is a Dancing Queen after this. Sidestep, backflip, waddle, go slowly, go softly, slither.

Bring on the election, one term wonder.

D

Hehe 2.5…. political blah.

D