Forum Replies Created
nazzysmith0153,
It is just that I am worried for my sons, that’s all.
I read a news that a 19-year-old boy was bashed because of how he looked (lebanese), even though he argued that he is an Australian, too.
I know there are lots of, lots of wonderful Australian people (well, who are the Australian now?) but we, as an Asian, encounter some unpleasant experiences sometimes and that makes me worried for my sons.
There was a writing on a toilet door saying “Asians! Go back to your own country!”. (and someone replyed “You first.”)
Well, I can go back. But my children have no where else to go back.
When my friend’s little girl was playing with an “Aussie” little girl in a pool and the “Aussie” mum shouted “don’t play with asian girl!”. Even though the little girl looks like an “Aussie” as her dad is an “Aussie”.
An “Aussie” lady pointed at me on a train and started giving out a speech about how asians are invading Australia.
There are more.
My sons have to go through this sort of experiences because of how they look, and that breaks my heart sometimes.Appearance is everything, huh?
So those children who have European appearance get to call themselves as “Aussie” and people accept it, but those children who don’t have European appearance won’t get to call themselves as “Aussie” because some people won’t accept it.
Oh dear, dear.
His dad traveled around several countries as he grew up and calls himself a Chinese even though he has never lived in China, and
he sometimes says he is a Malaysian, too, as people want to “label” him as something but an Australian.
So my son was born in Australia and grew up in Australia, but has to call himself something else, huh?
Well, maybe “it is not a big deal” as you say, depreciator.
And it should not be a matter anyway.I feel it is already wrong that people call each other as Lebanese, Aussie,or Asian, especially in this topic.
I prefer not to be called “Asian” because I am a Japanese and not a Chinese or Korean.
But normally people call us “Asian” and think we are all same.
My son says, “My mum is a Japanese and my father is a Chinese, but I am an Australian.”
How about people from Europe?
They look like so called “Aussie”, but they can be a Spanish, German, Italian, etc.
When I travel to other countries and when people ask me “where are you from?
” I say, “I’m from Australia.”
When people ask my son “what nationality are you?”, can’t he just say “Australian”?
Does he have to explain the whole bunch of family history? His dad is already mixed with Taiwanese, Malaysian, and others I don’t even know.
I am really confused with this nationality topics.I am a Family Day Care carer.
Started in year 2000. I wanted to work in a child care centre, but I didn’t want to leave my own children to anyone else, so started looking after other children at home, too.
The reality of looking after 5 children all under 5 years old at a time is not that simple.
I get very depressed in winter time when all 5 children come in with runny nose and all I do for a whole day is to keep wiping their noses every second before they touch it (and touch my toys, sofa, carpet or me with the hands).
I meet some unreasonable and insensitive parents who treat me like a servant as well.
I feel miserable when I wonder what had happened to the degree I got at university….
But now I have another meaningful purpose to work, which is to invest my “such a small amount of money for such huge responsibility” income in properties, and that helps me overcome all the miserable feelings on bad days.I am not a seasoned investor at all, but I made a written offer to a real estate agent with just $3,000 deposit for $93,000 property, which was accepted without any problems.
I heard before somewhere that agents don’t mind as long as the deposit covers their commission.
I read in a book even $1,000 should be all right.Sorry, the building inspection was from NQBR.
TKO did the pest inspection.Hello.
I recently settled on one bedroom unit in Manoora.
I simply asked the same agent I bought from to manage it.
They charge 7.5%.
I am not sure if they manage the unit well or not as the unit’s condition was not so perfect when I bought. I had to ask the vendor to fix the leaking shower wall and replace the hotwater tank as it was leaking and leaving stains on the floor.
(Thank you, Shwing, for introducing TKO pest management to do the building inspection.They were really good.)
If the agent was managing the unit very well, from my opinion, it should not be any repairs required when the vendor decided to sell…Maruco
Thank you very much, everyone.
I will send an e-mail to Derek for “Trust Magic Index”.
First I study about trusts, and then I will go and talk to an accountant.Thank you everyone.
I feel much better now.BDM:
Even a hastily built apartment block will probably last longer than you or I.Well, that was a relief!
Thank you, Finance Friend.
It means investing in units is not so attractive, doesn’t it?
After owning units for some time and it became too old, what’s going to happen?Thank you, Anne and Celivia.
But I didn’t inspect or never been to the city.
I just picked on internet and called agents to get more information about what I needed to know.
I made sure to include escape clauses such as “subject to finance” in case a bank think it doesn’t worth the price, “subject to building inspections” to be sure the building is structurely O.K. and in case some repairs needed, and “subject to my solicitor’s approval on strata details”.
I am happy with the location and the choice I made, which is important to me.
Thanks everyone.Yeah, that’s right.
It is just I am so used to live in a small space like Hong Kong, Japan, I actually enjoy living in a small unit. You know, you can reach everything if you stretch your arms.
When people get older, warm climate, handy location to CBD & hospital, a little walk on a beach sounds very nice.
Now I’m really looking forward to retiring!Thank you very much everyone.
I called another agent and she said 90% of 1 bed units in the city are less 50sqm. And the one she was selling was also only 40sqm and the price was $16,000 more than the one I was considering…
Well, my wonderful mortgage broker (he is from this forum) got an approval of 80% loan from a good bank, so I made an offer to another unit which is 46sqm, slightly better than the other one (39sqm), and the vendor accepted.
The offer was just $5,000 below the asking price, though.
If I could get a loan, I’m sure most of people can get one, so it won’t be a too much trouble in case when I want to sell it in the future.
Lots of warnings regarding the capital growth of this kind of units…. Well, I think I chose to learn it in the hard way….
Probably I would live there when I retire.Thank you for your opinions.
In relation to the bargaining power, I thought in the same way.
I offered $8,000 below the asking price and the vendor counter offered just $2,000 below the original asking price.
I went up $2,000 more, but he didn’t accept it.
The prop is in market more than 2 1/2 months because of the size problem, but the vendor is not willing to negotiate much.Yes, the unit has BC fee.
If I calculate including the BC fee and the vendor’s counter offer, the yield is 6.9%
If I don’t include the BC, the yield is 8.38%.It looks like the same type of person as my friend who keeps one of his IP vacant and unsold for more than 3 years, yet refuses to lower his sale price.
Thank you so so much, Shwing.
I’d like to start negotiating.Thank you, Celivia and Mortgage Hunter.
I will send an email to Depreciator and ask when is the good time to obtain the depriciation schedule.
The house balcony needs a bit of repair.
So now or after the repair….It seems that many investors are active contacting PM often, but don’t they think of you a fussy investor or busybody?
I was trying NOT to contact them too often…. I thought I might be interfering their business…I should feel more confident to contact them often now after reading this post.
Thanks.Yes, you are right.
I will go there next week and have a look around the area.
The agent told me that a few houses were actually burned down on this particular street…..
Hmmmmm, do I make an offer?????
I’ll think about it…Thank you very much for all the information.
With your info, I contacted another agent and asked “which area to avoid”.
The agent put up the exact street name the properties were on.
It seems the particular street is really rough.
Probably “the worst area of the town”.How positive?
If I calculate with the asking price, the yield is 8.76%.
If I negotiate well, it might fit in the “11 seconds rule”.Well, it seemed that the town has another commission housing area which is better than the other area.
The yield is lower but sounds safer.
The agent is going to send me a town map where she highlights the areas to avoid.I want to rush into the town to have a look at the area, but it takes a half day to get there by car. And my child’s soccer team’s BBQ is on this Saturday, so I can’t goooooooo. (Frustrating.)
Well, thanks again for your help.
I misunderstood what the agent said.
It was a privately owned house but in commission area.
I thought if it was a commission house, normally government has a long waiting list, so no need to worry about vacancy.
However, if it was privately owned in commission area, the question is “who want to live in those area when they have other choices?”
The agent said, “when tenants move out, quite often has a broken window.”
That suggests that it is not safe to live there.
It is a possitive cashflow in a reasonable sized town, but hmmmmm…..
