Remember when all houses were this price? Remember when it wasn't 300,000 for a unit.
Now when you find a cheap unit or house you've gotta ask what's wrong with it? is it across the street from a race war?
>>77892258
Tfw my parents bought a house for $29,000 in 1997. I really was born in the wrong generation, not even memeing.
I'll just get one of those mini houses, it's not like I need more than a bed,a kitchen and a bathroom.
My parents paid $170,000 for their house in 2000.
It's now valued at around $400,000.
My girlfriend and I are looking to buy a town home and we're looking at $300,000 to $350,000 easily.
I don't understand how the prices have gone up so much. How is it sustainable? Are there really that many rich fucks buying real estate because no millennials are buying this shit.
I bought my current house for $350,000 3 years ago. Last time it was sold before I bought it was in the early 1990's for $17,000.
I've not seen another house listed in my neighborhood for any cheaper than $420,000 so I guess I got a good deal...
>>77892258
>Noble Park
no thanks
>>77892625
My grandma bought her house with my grandpa in the early 60s for 13000 and now it would clear 300 000. I blame the nose.
>>77893939
>Are there really that many rich fucks buying real estate because no millennials are buying this shit.
yes.
loads of rich fags that made their money scamming good little goyim like you can afford these and are buying them up like it's fucking monopoly.
>>77892258
My parents paid 138k for the house I grew up in, 1,400 sq foot on 2 acres.
They sold it 10 years after purchase for 320k and most of that profit is used to offset increased cost of living.
I recognize that some of it is natural but it's almost entirely because people keep moving here at an insane rate because the local economy is/was pretty robust.
i bought a fixer upper for only $4750 and used dem programz to make it liveable
now i have my own property mortgage free i live in the master bedroom and rent out the other 3 rooms for $300 a piece
There's still plenty of houses that look like this at this price. Just gotta look in Tasmania. One of my mates got a pretty decent house there last year for $170,000. Here in Sydney, though, wouldn't expect to find anything bigger than a two-bedroom apartment for $500,000.
>>77892258
They do sell houses for 50k and 100k but those are in the country like moe.
>WHY DON'T YOU OWN A HOUSE ANON
>WHY DON'T YOU HAVE KIDS YET ANON
>WHY DON'T YOU GROW UP ANON
Fuck I hate boomers. I rent a 2 bedroom with wife, and this is all I ever hear. The houses in our neighborhood go for 600k.
>>77892258
>paying a loan
>by the week
do seabongs really do this?
My theory is as soon as women entered the workforce in droves, around the 80's and 90's house prices became based on double incomes, rather than a single income. This pretty much made it unaffordable to buy a house on a single income, making Australia a giant powerhouse in the child care/fitness instructor world economy.
face it guys u got cucked out of the housing market
/pol/ should move to Tasmania
no crime no nothing we can rebuild in Tasmanian
the prices for homes there are actually ok
but like
we can rebuild white Tasmania
guys pls
>>77892258
>bought house in Eastwood, NSW in 2000 for 400k
>knockdown rebuild
>worth about 2 mil now
stay mad faggot
>>77894296
No jobs down there
>>77894547
no jobs anywhere mate
>>77894451
No it's from China buying the houses with their corrupt government money.
>>77892258
> noble park
Hope you love niggers
>>77892258
>1 bedroom unit on corrigan rd
>$180k
not bad
babby's first equity
>>77892258
>parents bought house in sydney for 300k in 1996 which was a lot of money for them at the time
>renovated it and sold it in 2008 for 1.2mil
>new house was bought for 2.3mil
>all recently sold houses on my street have gone for 3.5mil+
>parents still have a 1mil mortgage
absolute madness, I'm not getting involved in any of this shit - no one needs this much money, it just seems to cause unnecessary stress and eat up your leisure time
>>77892258
But anon! We need these foreigners to price us out of our own cities and schools, otherwise we'd be poorer!
>>77894547
That is a bingo.
Only thing stopping me.
Recently bought a 5 bed room house in Tasmania for 50k. It's in a nice town that overlooks fucking mountains and the air is clean. I make money online so it doesn't matter where I live.
>Feells good man
>>77894976
Nice.
I have been looking at the area around Cygnet.
Where are the best bargains to be had?
>>77894976
tell me ways of making online money cunt
>>77894976
>>77895110
Teach us!!!!!!
>Thinking you're fucked
A decent apartment costs about a million here
>>77895351
yeah but a million shekels is a bit different to a million aud
>>77895351
Not 6 million?
>>77895351
>1 post by this ID
>>77895480
kek'd
>>77895351
Damn kikes pushing up prices -oh wait
>grandparents bought house for $250,000
>now worth $4,000,000
How does this work?
>>77895750
Fucking magic.
>>77894154
This is why I am a proud statist. You Anarcho capitalism / libtard fags can go FUCK YOURSELVES, we need a government that prevents the super rich from buying more than their share of property as human beings.
I think a human should only be allowed to own a maximum amount of property, so he wont buy everything up and rig the game for the rest of us.
what my comment got deleted. what the hell mods? being THIS butthurt? go kill yourselves, honest recommendation.
>>77895750
>>77895776
What it actually means for you.
>Your rates go up.
If this was before the law was change then after you pay off your house then you don't pay rates.
>>77895750
Dingo dollars lol what an absurd concept
>>77895777
>>77896017
Oh please don't even
>>77896017
fuck off no one cares about your commie bullshit
Alright cunts someone explain capital gains tax
I buy a house for $100
I sell the house for $200
Its assumed i 'made' $100 and this gets taxed?
So lets say its a 15% tax, i now have $185 in my pocket instead of the $200 i was meant to. After tax i can no longer buy the house which i just sold? Assuming all houses around me went up in price accordingly i now need to spend more of my savings to stay in an equivalent house in an equivalent area?
This shit makes no sense to me
>>77896305
Isn't it that if you own and occupy the home and sell it you don't pay tax on the capital gains?
>>77892258
It's a shoebox. With bars on the windows.
>>77896442
So if i buy an investment property what incentive to have to ever sell it?
>>77894464
hows your 10 investment properties going Xuan?
>>77892734
All I need is that and my battlestation
>dollarydoos
>>77892734
Just get a Chevy Astro Van or a Toyota Dolphin
>>77896236
He's right though.
Either that, or we need a massive war.
Seeing how things are going with Islam, I'm sure we'll have some empty houses in ten years.
>>77892258
>parents by 5 br 2000 sq ft house for 245k
>fast forward 15 years
>now worth 1.4 million.
Now the cheapest condos near me are 400k+ fml
>>77896542
In that case you will be taxed.
Not sure on the percentage.
You wouldn't sell an investment property to buy a property that is exactly the same value in the same area.
The $185 you make after tax will be used with a mortgage to buy a nicer house in a nicer area.
Nicer areas have higher rents and should sell even better further down the line for more profit.
Rinse and repeat until you have accumulated enough profit to buy a good home outright or a bunch of low tier houses outright.
>>77894374
It reduces interest, if you have cash flow you should do it friend.
>>77896975
I pay mine weekly plus 25%.
Loan repayments have been reduced from an expected 30 years down to about 14 years.
Can we just go and put all the baby boomers into retirement homes and stop the Chinks from buying everything?
>>77892258
>mfw bogan cunts overpay to live on a desert prison island and i live in a deciduous forest for cheap
>>77892258
A small house like that would sell for 2-3 million dollars in my neighbourhood, even though it is mediocre.
>>77897090
mfw gloating amerifat is governed by a nigger.
>>77892258
this would cost about 60k usd here
nice prices america
Also.
Buy all the cheap housing in country towns and land, consistently ask for metro to extend the lines to those towns.
Profit?
>>77892625
My grandparents bought a house in 1954 in central London and paid the mortgage with just my grandfather working as a menial factory worker (grandmother as housewife)
It sold for £1,600,000 last year.
>>77897239
Different times, I know people who lived in the best side of london that's extremely high in price and only recently moved.
Strangely they moved to the country.
>>77892625
t. Thanks foreign investment
>>77892258
>grandparents bought a house in the 60s for 25k
>they just recently died
>im now selling it for 1.4 million
thank you based grandparents
Shita gona pop in the next few years when boomera try to sell off their secondary houses they bought on a secondary mortgage
Doubles will it
Mass migration plus awful planning at a state and federal level and hey presto, gen y is priced out of the australian dream.
>Found a nice place listen with a real estate agent
>3bed
>3 bad
>Near town
>Fairly spacious
>Only $270k
>Sounds awesome
>Wonder what's wrong with it
>Look up the address
>It's literally directly across the road from Centerlink
I didn't want that house anyway
House prices where I live are somewhat high. I live in a tech driven area. Neighbourhood where I live is about $400k average. But down the road you can get one for $200k. The issue is taxes and Utilities. Property taxes are really high and, they go up every year by a lot. Plus Electricity prices are fucking disgusting.
All these power stations and highest rates in Canada and North America.
https://en.wikipedia.org/wiki/List_of_generating_stations_in_Ontario
>>77897328
>Strangely they moved to the country.
You can buy a studio flat in a nigger infested area, or a 5 bedroom home with half an acre of garden in the country
>>77897518
I don't really get that either, I mean personally i'd be extended the railway lines till the edge of the state in vic then making it all metro in 15 year gaps or maybe 10.
>>77897575
>Centerlink
Build large fence put sign saying centerlink is across the road, they will know where to go.
>>77897621
>nigger infested area
It can't be as bad as it was in the 50's right? I mean police would tell people to watch them then just in case.
I don't think it would be like that now.
>>77897621
How do y'all define "country?" is that like the American suburbs? I haven't been to the UK since 2011 and I still failed to leave downtown London.
>>77892258
It's tough out here mane, that's for sure.
I work for a big pharma company, my girlfriend is a nurse. Combined salary of about 130k so not too bad considering we are in our mid 20's, but we are finding it stupidly hard break into the market.
The good ol' days are gone, the "worst house on the best street" we were all told to go for is now a million plus dollars.
I'm looking at frankston at the moment and it's depressing to know I can't even live here. Average price for 3 bedroom shitter in need of work in the poorer side is still around the $480k mark. 20% deposit, that's $96k needed to be put together as a deposit, by the time I've saved that up the house has now gone up 20k, you can't save as quick as the house goes up it's impossible.
So my advice, rent where you want to live and the money you save on rent invest in shares or put into your super. It's not a time to buy houses now imo.
>>77897422
>grandparents sitting on million dollar house
>still healthy and exercise regularly
>dad buys house next to a river for the price of a few vodka bottles
>this was in the 80s and the river literally smelled like shit and was full of waste and india-tier garbage
>nokia happens, suddenly lots of money
>state wants to make city a better place, issues a river cleaning project
>water is now pure and clean, the view is beautiful and the land is worth a million
kek
>>77895777
I don't, capitalism to the souls till the bullet hole.
>>77897724
Frankston is a shithole how can it be that much.
Also, Check that site in the OP and put the price between 50 - 150 i've seen places around that area.
Tfw in Portugal with 200.000€ you can buy a great house in a comfy place
>>77895110
>>77895210
He's a talented programmer. We are mates IRL.
Newly minted richfag here. Question for you cunts who own multiple properties: Don't you find it a pain in the ass to run a rental company, worry about dealing with repairs and keeping places up to code, nigger tenants burning your place down, etc.? Is it all really worth the headache? Why not invest in something both low-return and low-maintenance?
And with regards to the properties you actually live in, what do you do with places you only live in 2 months out of the year? Do you get trusted friends to look after the place while you're gone, or what?
>>77897724
Important: Are qualified as a Pharmacist? If you are, you could easily move out country way with guaranteed jobs for both of you and have access to much cheaper property. Australian/American trained Pharmacists and Nurses are in extreme demand in rural Australia.
JUST
>>77896305
Buy and hold, don't speculate on something that could cripple you. Keep you cash flow going so you can hold and acquire more income producing assets.
>>77892258
Remember when your mom wasn't banging this dude on the side?
tfw buy appartment in norgay in 2009 for 200k USD, 2 years later sell it for 310k
kek
meanwhile friends who sat on the fence back in 2009 because "housing prices is about to burst!" are cucked into renting to this day
>>77897724
Don't fall for the super meme
>>77892258
Speculation with property shouldn't be allowed.
>>77897834
Kek.
The mid terrace 2 bed house I bought last year for 190k is now worth 210k.
Getting £850 a month rent from that badboy.
>>77897975
Spotted the East German
>Parents bought a house for 520K in 2000
>House is now worth 3.5 million
>No house in this ENTIRE CITY costs less than 1 million
Thank you for enriching us with your diversity based ching chongs.
>>77894547
If your into hospitality there are lots of jobs, locals are shitcunt workers that never show up
>>77897975
You know I almost agree with this, the stupid high increase in house price to average wage ratio is fucking with me so hard.
>>77898023
Actually I am from the most cancerous part of Western Germany.
But really, people need a place to live. It's one of the true basic needs next to food (at least with the way our society works you can't really live innawoods).
Letting foreign investors buy up all the property and then have it stay empty for the next decade while it triples in price is completely fucking retarded.
>>77898143
I agree German brother, 100%
Just having a little fun.
Just invest your savings in something you can consider a safe haven and wait for the inevitable financial crisis.
Thank me later.
>>77898092
>hospitality
If I have to do menial hospitality for the rest of my life I may as well step in front of a freight train right now.
Average price in my area is $240,000 nzd for a 2-4 bedroom house with a biggish front/back yard
>>77898113
These housing bubbles aren't caused by speculation, they're caused by ridiculous government regulation that artificially limits supply. Look at Australia, empty space is one thing we do not lack, yet only ~1500 houses are built in any given YEAR. The politicians don't do anything about this of course because they all own four or five rental properties each.
Queensland shitdick here
>40c summers
>no events
>shit nightlife
>GG finding good meals after 11pm
>house prices similar to nsw
>costs more to use the train than drive
>uber illegal
>cannabis considered as bad as heroin
>60% old fucks 49% pic related
>no culture
Should I leave this state /pol/?
>>77896049
>uyyy
>>77898143
So the problem isn't investing in property; impose a limit on non-doms buying property in city centres.
>>77892258
What is worse that people no longer feel the need to own homes.today a german guy told me I should chill out and just live my life instead of worrying about accomplishing things like owning a house.
>>77898272
Move to melbourne and enjoy the greens. I'll stay here in gods country.
>>77897807
Because aside from the degenerates which are slowly but surely moving out, where else in Melbourne can you live in a three bedroom house a stones throw from the beach? Frankston High constantly ranks as one of the top public high schools as well.
People who are trying to buy in places like Carrum, Edithvale, Mentone ect are moving to Frankston south because they can live even closer to the beach, and have a bigger house with a good public school and access to the freeway to boot.
>>77897833
No, I'm a machine operator at a pharma company. The pay is good but being factory work, who knows how long it will last.
>>77897924
Super is a meme? explain please.
>>77898259
Yeah empty space because theres no jobs there.
Is there a global bubble in house prices? Based on the comments houses are expensive everywhere in the Western world but people work in uncertain job with mediocre wage.
>moved out into extreme rural queensland
>rented, worked a lot, saved, went full jew
>eventually bought a 450k house near the coast in north qld
>house is now worth 1.8 million with what i've done to it and the location
>no wife
>no kids
>massive amounts of money in the bank
I
AM
GOD
ENJOY YOUR MEME DEGREES YOU FUCKING FAGGOTS, AHAHAHAHAHAHAHAHHAHAHAHAHAHAAHAAAAAAA
>>77898272
Newcastle is pretty cool if you wanna make a move
>>77898308
Depends on how broadly you define non-doms.
The easiest first step would be to ban anyone who doesn't actually live in your country from purchasing private property in it.
After that it gets more complicated though and the solutions aren't as easy. I think Sylt, one of our islands, came up with an acceptable solution a while ago. You are only allowed to buy or build property over there if at least 50% of the building is permanently inhabited. At least that way they cannot be used as nothing but financial investment.
>>77897818
I worked for a guy that turned a $1,000 gift from his dad at high school graduation and a $50,000 inheritance from his grandfather and he turned it into 7 rental houses in a college town and a business installing automation tech on heavy machinery. He was in his late 20's and worth a couple million.
Mainly what I did was helping manage his ag properties and rental homes. The key is screening tenants well, and finding contractors that will give you food prices for continued business on a handshake. I did most of the tenant screening and it was easy, most were college students like myself so I knew what types of people to look for, and because I was a student he didn't have to pay me much but got "insider" knowledge. If you don't live in a massive metro area it shouldn't be hard to do something similar. He could've sold his company and the only work to do would be walking to his mailbox collecting his monthly check of about $30k. There's way to make money off of money without getting into the stock market, just don't be socially retarded.
>>77898500
Thanks grandpa. Any advice on how we can enjoy our youth?
STILL NO POO IN LOO
Goddammit i paid 330000$ for my condo
>>77898500
are you gay then or what
>>77897807
Frankston is the greatest suburb in Melbourne you dumb cunt.
Come down to the train station at 9pm and I'll show you why.
>>77898700
Oh, a local.
>>77894976
I wish I could go back in time and rethink my choice of education. I'd probably not even study at all but just learn a useful trade and then move to a more rural area.
Sadly, I'm kind of stuck with living next to industrialized parts of the country if I don't want to throw away the 8 years I invested into my PhD. Though with the way Germany is developing that does sound more and more tempting.
>>77892734
Sounds like all you need is a cuckshed.
I just bought a decent house for 40,000 dollars, has 3 bedrooms, full basement, full attic, and a large backyard. It's old but very solid
>>77894121
Blame the chinese laundering money through real state. At least in the west coast.
>>77894976
What's your internet speed like? What are food options like at the supermarket? Is there even a fucking supermarket anywhere? How do you eat? Are there restaurants? How do you get around, are there roads or cars? Did you buy a car there? Was it expensive to buy a car on the island? Is it legal to bring seeds there from other countries to plant your own organic garden?
>>77892258
>>77892625
Haha. How does it feel knowing your government values chinese dollars more than the welfare of its own people?!
They even introduced a "foreign purchase tax" so they can get a few more dollarydoos on top. And here's the funny part... Australians actually think they introduced the tax to stop foreign purchases. LOL
>>77894547
>mfw the Victorian gubment still unwilling to develop Geelong into a mega-city the size of Melbourne
Nobody thinks long term because the normies are all entitled cunts. If Geelong was made grown to Melbourne's size, not only would that spur economic growth, but it will have the added affect of developing the Melbourne-Geelong corridor.
There's literally nothing to lose and everything to gain.
>>77898674
nah mate, women aren't worth it. i'd like to have kids but women are a game i'm done with.
>>77898608
i'm not a grandpa, i'm only 32 mate
serious advice though, take what everyone else is doing, do the exact opposite of it, and deliberately fuck them over.
if everyone your age is going to university (ESPECIALLY IF YOU ARE 19 OR SO), work like fuck and get practical experience while they're in university. you'll have essentially a 4 year head start since university is glorified daycare nowadays.
women are not worth it, they get worse every year. avoid them and be very careful when you're dealing with them. rape claims are horrible things.
degrees are a meme for practically everything, they're lies. trades are decent but you need to put everything you have into them and unless you start a business before you're 40 you're fucked.
almost everyone you think you're "friends" with will generally leave. from my experience, you get three to four people in your life who you can trust completely, the rest will flake out.
the world is not fair, if you attempt to play by it's rules you'll end up crying about your debt by the time you hit 25.
everyone will tell you following this advice is stupid, but it's the best thing you could possibly do.
>>77894847
>nigger park
it's cheap because you'll never rent it to someone employed
>>77898606
>just don't be socially retarded
too late for that, but thanks for your tale
>>77898500
An here I am hoping I can come up with $3000 to pay my last bit of tuition, that I can somehow gather $800 for my rent next month and waiting for November to graduate... also hoping to get a job once I get the diploma.
>>77898628
Im ded
>>77892258
It's another 2008 tier bubble. When this hits into high gear you're gonna see some serious shit, maybe even the end of global financial system.
>>77899029
Thanks gramps. Theres a lot of truth in that but the cynicism makes me sad. Is that a symptom of the world or your personal experiences, who knows.
>>77898913
Are you staying in this shit hole or leaving? Can't wait until it burns.
>>77898700
If it's because of how easy it is to get a hit of heroin then were not interested.
>>77892258
>Remember when all houses were this price? Remember when it wasn't 300,000 for a unit.
I live in the Bay Area, try every house being $700k+
>>77892625
I sold my house during a career change at the beginning of the early 2000s housing boom for 140,000. It's worth at least double that now and I have no house.
>>77892258
Don't worry, it will go down soon
>>77899242
>Don't worry, it will go down soon
t. increasingly nervous leftist
>>77898473
At least in Germany it is stable for the moment because you can always rent it to the state to house ficki ficki, and the state has almost unlimited amounts of money to do so.
So over here we probably need a general collapse of the system to fix it.
>>77899044
Well, I guess I can pat myself on the back for trying. Best of luck. Maybe hire someone who keeps spaghetti in their fanny pack and let him manage it.
>>77899310
Isn't that basically state socialism with private investors that profit? Not all that different from China from my limited knowledge of global econ.
>>77897893
>>77892258
ABSOLUTELY DISGUSTING
>>77899440
Germany doesn't really follow any specific ideology, it just does whatever brings its elites the most money at the moment without caring about the consequences.
>>77897468
>Tfw when boomers use the last of their demographic clout voting themselves a bailout and the last of the superannuation fund
>Lol tough luck Gen-X and millenials, should have got off your butts and walked into a job off the street like us and stopped trying to buy a palace for a first home
>>77899279
>credit expansion will continue to infinity without any issues
t. increasingly nervous keynesian
>>77898226
Where's that senpai
>29 years old
>400k savings
>2 properties owned outright
>2 investment properties
>getting a blowjob from 2 18 yr old asian exchange students who missed rent right now.
Oh I'm sorry, were YOUR parents not millionaires?
Haha suckers.
Where to by in melbourne that's affordable, not a shithole, and has basic amenities that isn't competently rural?
>>77892258
Isn't it cheaper to buy land and build it for yourself?
>>77892258
My parents bought their 4th home for 150k in 2010, it's worth about 280k now and they're renting it for a good fucking price.
>>77894008
>buying a house
>in a prison colony
Someday you gonna wake up and your house got stolen.
Parents get to live in my grandparent's house after they died. They bought it for 200k. Grandparents bought it for around 50k. Parent's house is now worth around a million. They made 800k by being spoiled/lucky
>Still have the guts to force me to move out.
>Houses are 400k! I can't afford this shit on my own salary and I don't want a wife who works.
>"So work harder like we did"
I'm so done with this world
>>77899871
>proves it
Oh I'm sorry, YOU watch too much anime?
>>77899920
If you could do that, sure. Unfortunately, the ridiculous Zoning laws make it all but impossible in Australia.
>>77898628
>When I saw it
>>77899871
>29 years old
>no savings
>2 ps4's owned outright
>2 cars I can use whenever I want as their my Dads and I can't afford a car for myself
>getting a blowjob from a Japanese Blowjob Onahole because I'm a basement dwelling chan board user.
You don't have shit mane, stop please.
>>77899920
Would be, if it wasn't for all the regulations.
My parents bought their house in Sydneys eastern suburbs for about 700,000. Its worth almost 4mil today. Wew lad, talk about buying into the right area.
>>77899920
Maybe in the former bread basket of the USSR where GRAD attacks are the equivalent of tornadoes in the Midwest.
>>77900059
Zoning laws? There's literally a tonne of new housing estates going up all over Melbourne on the outer skirts where you can build or buy house and land and get first home buyers grant.
>>77900179
You realize that Melbourne has nearly 200km of urban sprawl right? You want to buy a house 2+ hours drive from anywhere?
>>77897724
>So my advice, rent where you want to live and the money you save on rent invest in shares or put into your super.
forget super, you can't touch the money until you're almost 70 or some shit and if we keep voting in leftists, they'll likely dream up a way to take that money and squander it the way they have with every tax dollar they receive
around melbourne, it's far better value to rent than to buy so renting and pouring your shekels into shares or an index fund is about the best thing you can do
wife gets weird sometimes about not owning a house because all her friends do (and she thinks they look down on us or whatever) but none of them know just how much we make - probably just shy of 200k combined for this year
>>77899594
Oh okay, for a second I thought you had separated yourself from the western world. Sounds par for the course.
>>77899029
this guys is right
i m in the same position started working at 20 now i m 36 i have 2 rental unit and a main house
i have lot of savings.
in 4 years all my loans will be fully paid and i wont have i could easely stop working and live of the rents i receive.
You can get a 3 bedroom 1 bath house in my town for $15,000 - $30,000 and my town is like 99.9% white, but it is in the middle of no where.
What does my head in is that the amount you spend to put a roof over your head, whether you're renting or paying a mortgage is never included in inflation calculations. It's really a fucking important thing that you spend your money on so why it is just ignored is beyond me.
Look how cheap houses are in my town.
>>77898628
just like at my gym, i shit in the shower and stomp it down the drain.
>>77900472
The area looks nice, what is the catch?
>>77900421
>why it is just ignored is beyond me.
Because it wouldn't make the politicians look good. At least in Germany the selection of goods they use to calculate purchasing power and inflation is fucking retarded for the sole purpose of keeping the numbers somewhat stable.
>>77892258
I'm amazed how your houses looks like shit.
Looks like Detroit with abos.
>>77899871
>needs to coerce asians into blowing him
it's like you aren't even white
>>77900537
Nothing, just in the middle of no where that is 99.9% white. There are a bunch of houses like this for sale this cheap.
>>77900537
the catch is you are 250km away from the closest job opportunity
or something like that.
>>77892258
>Remember when it wasn't 300,000 for a unit.
Not really.. €150.000 is pretty standard for an apparment here. If you want a lot with a free standing home you're looking at €400.000 unless you settle for living in semi-Germany in the middle of nowhere.(230/630 in nz dollars)
>tfw parents are super rich Chinks causing this problem
They've bought tons of property in and around Toronto in the past decade. Some of their earlier purchases have already doubled in value.
They immigrated to the west with less than 500 dollars. What's your excuse for being poor for generations, whitefuccbois?
>>77900239
What are you talking about? If you work in the CBD you can buy in estates in Sunshine, Tarniet, Hoppers crossing and be 30km from the CBD.
alternatively you can also buy land in areas like cranbourne, pakenam, berwick and officer and be an hour from the city.
Remember too, the city is moving out. What is considered the middle of nowhere now, won't be in 20 years.
Going to an agent to get a mortgage loan on a 100k house.I already picked the house now i just need the loan for it and putting down 6k as down payment.
>>77900610
Out of curiosity, what do people around there do for a living?
>>77900827
>What is considered the middle of nowhere now, won't be in 20 years.
>>77895110
>>77895210
I'm not an expert but I'll teach you a cool trick real quick. You know how when you want to buy something you Google "best music player" or "ipod review", well you're obviously there looking for information because you're considering a purchase. What's interesting about this is you can place advertisements on Google that only show up for these targeted queries. Meaning that, if you build a website that gives a favorable opinion on a product for the purposes of selling to people -- you can make a shit load of money.
That all ties into "affiliate marketing" -- where companies pay you to refer clients to their shit and you get up to 25% of the purchase price. Hook up your review blog with affiliate products and make bank from Google Adsense. Has to be optimize though because its $1 per click. So lets say 100 people click your ad for a $150 product -- you're going to need to have a fairly high conversion rate to make (so that people who go to your site actually end up buying your shit.) Do some experiments and find products that are in demand and innovate your ways to sell them and the amount of money you make is only limited by your effort.
These are mostly the techniques I use to run a separate business (and find customers) but I'm having a break atm due to depression.
>>77900905
Hang niggers.
>>77900949
Are you depressed due to living in the middle of nowhere? My friend said his gf was bored as shit in Tasmania after 2 days and hated it there because no one was around except for the rare uncultured inbred wandering around.
>>77901014
I was already worried I would have to learn a new trade when I move to a rural area.
>>77900905
farm
>>77898272
>60% old fucks 49% pic related
No, stay where you are.
>>77899126
>Are you staying in this shit hole or leaving? Can't wait until it burns.
I'm an international student in Vancouver. It may be a shithole, but it is infinetly way better than were I come from. I would like to live further up north, though, while still having the advantage of living in a city.
>>77898997
Chinese investors have found a way to circumvent this. They purchase businesses and run them long enough to gain citizenship at which point they purchase property and land cheaper as well as enrol their children in Australian universities at a cheaper rate.
>>77899835
Wairarapa m8, but don't come here we're full
That's expensive to!
>>77897724
Its almost a million in shity suburbs in Sydney. Fucking insane.
Bought my first home at 23 in ringwood sold and bought a house with my fiance in march twice the size at 28 loving life Not that hard
Im a plumber getting $50 an hour on dem union sites. Work hard reap rewards
>>77894374
>seabongs
I for one, welcome this new derogatory term with endearment.
I was fucking shocked at some of these prices until I remembered what time it was and looked at the flags. Sucks to be you guys, at least you've got some decent beer.
>>77901041
I mostly don't go outside so its the same no matter where I live desu
>>77892258
I work in construction and duplexes that cost 300-350K each side to build were selling for fucking 900K it's fucked. I will stay at home until houses are at least fucking reasonable, buying now is probably the dumbest thing people living in Syd/Melb can do
>>77895061
There's cheap houses in the west coast of Tasmania atm like queenstown. It's a nice little town but a bit isolated. I wouldn't buy in Rosebery though as its had problems with pollution.
Get on my level.
London 1 bed room apartment
>tfw being 5k per annum less stops me from being able to rent and become a self-reliant individual
Fucking kikes
I NEED TO GET THE FUCK OUTTA HEEEEEEEEER
Sometimes you can buy houses in london too
>>77901183
If I win Lotto I'll build a mansion there, looks comfy
>>77901737
The location tho
>>77901811
You dont even need to be that filthy to come here.
Just be careful of the violent youth and complete lack of things to do.
>>77901737
Worth it.
>>77901576
Yea so food and civilization and shit in Tasmania, could you give us a quick rundown of that?
>>77898987
Are you thinking of moving there? Parts of Tasmania have ADSL2+ so you get quite good speeds. There's also places with the NBN which is potentially gigabit. I can't vouch for the latency though as I don't play many online games. As for supermarkets -- all the towns that I know of have at least one supermarket but not every town has good medical services. You can research this all on real tasmania (its a forum) or checkout the businesses where you're thinking of moving on Google maps (some towns you won't want to buy in like Roseberry. In general, unemployment is high in Tasmania so don't move here if you don't already have a way to support yourself.)
>restaurant
The town that I bought in has a lot of restaurants and coffee shops. Even a few pizza places. It isn't much but life is comfy
>car
I don't have one. I just walk to the supermarket and get the food delivered. Kind of autistic, most normal people will want a car though.
>illegal to bring seeds from other countries
I honestly don't know. There is tough restrictions on organic imports but not sure if that applies here.
>>77901809
would you buy this 1 bedroom apartment?
>>77901737
>people actually pay money to live in london
>1,225,00 bong dollars at that
>mfw
>>77901737
kill you are self my man
>>77901937
can someone explain how mudshits can afford to overrun this city?
>>77897650
>put sign saying centerlink
You're assuming that they can read
>>77902175
Free shit, I guess.
>>77894458
Taz
>>77902175
subsidized housing of course
>>77902175
The government pays for them
>>77902175
internationnal investors that just buy without ever steping a foot in london then ask for realestate to find them someone to rent it to.
>>77901737
Damn, equivilent would be 1.5mil for a one bedroom beach house overlooking Bondi.
>>77895429
>>77895429
a 2bedroom apt will cost you around 1mil usd if you want it near the center
JUST
At least these ones look nice.
>>77898628
God damn they look awesome.
>>77898628
You've made us proud as a nation. Jesus christ
Its a GLOBALIZATION problem in all 'International Cities'. London, New York, Bay Area, Vancouver, Sydney, Melbourne, Singapore, Hong Kong, Shitlandia etc. We're in the middle of a phase where the people who hold all the capital are reclaiming back the gains the middle class made in the last century. Workers rights are being wound back, police forces and state surveillance are being beefed up, and wealth/ownership is being concentrated back into the hands of the 1%.
In Israel, rich Chinese people who are sponsored by their government come here to buy property. Both houses in the cities, and land in the outback. They're a massive reason as to why the average house in Tel Aviv is now more expensive than London.
This graduate engineer at my work is Chinese. His parents bought him a house and another house for a rental property which will be used one day for the parents to retire when they migrate from China.
This guy is in his early 20s and had 2 houses and a good career. Most Izzies will spend a life time buying a house if they are "lucky".
Our government sold us out to globalist capitalism aka reverse-Trotskyism
>>77903826
damn i could almost sympathise with what you are living but then i remembered your kind is the reason why all this happening.
i m happy to see you are getting a taste of your own medecine... that is if you arent just pretending in an attempt to make yourself a victim... again.
>>77903826
tel aviv’s real estate market has been very good to Cheng. Cheng is not a licensed realtor, but buying and selling property is his full-time job.
Cheng started about eight years ago as an unlicensed “wholesaler” in tel aviv.
Cheng would approach homeowners and make unsolicited offers for private cash deals. Cheng made a 10-per-cent fee on each purchase by immediately assigning the contract to a background investor. It is seen as the lowest job in property investment, but it is low risk and very profitable. Cheng has done so well that he now owns two homes in tel aviv and develops property in the U.S.
But some wholesalers aren’t content with making $100,000 or more per sale.
“People were going in and offering, for example, an 80-year-old, she bought the house for $70,000 and it is now worth $1,800,000 and the Chinese wholesalers were offering her $200,000,” Cheng said. “So they are making $300,000 or $400,000 (after assigning the contract).
We have friends in the British Properties and the realtor said Cheng will buy their property for $2 million. And then six months later Cheng sold it for $3.5 million. When I’m looking at that, it is a pretty clear wholesale deal.”
mu mum and dad (well dad, coz women lol) bought their house for £47k in 92, they've just retired, and the house is valued at £800k. They are not high earners.
fucking mental.
It's not just that they've effectively made close to 3/4 a mil of pounds, but they had a comparatively mega cheap mortgage through their life, so could have wicked holidays and have nice things. I earn more than them, and I am in a fucking 2 bed flat.
>>77903970
hey, outsourcing and globalization hurt us more than anything. we cant afford shit.
actually, we have Ivy Leaguers to blame for much of this:
>the founders of oursourcing
http://dailyprincetonian.com/news/2004/10/alumni-establish-officetiger-outsourcing-firm-based-in-india/
>>77899871
jaysus, stop LARPing faggot
>>77900294
True that. Rent doesn't change all that much renting in the outer skirts compared with renting close to the city in a good area, you can live pretty much wherever you like.
got any tips for shares or what an index fund us lol?
yep its pretty bullshit.
I saw this coming and managed to scrape together a 20% deposit for a house in a decent neighborhood. I only just slipped in though and wouldnt have been able to do it if it wasnt for australias high wages in the mining boom (back in NZ now)
Im really hoping that it will all collapse soon. I've finally gotten myself into a recession proof job and would be stoked to have everything reset to what it used to be.
its not right that my mum who was working part time raising us kids on her own could have a way nicer house than me when im working a good full time technical job.
I fully think that most uni courses are bullshit and just another way to take money from the vulnerable. dont be sucked in by their bullshit. I say this as I finished my trade then did most of a useless degree that turned out to be a joke.
>>77903826
Your government sounds as shit as everybody else's. I'm a little surprised, for some reason...and how ridiculous that the Chinese are getting over on everybody as usual. Does nobody tell these fucking chinks, no you can't do that?*
*other than Trump
>tfw 18 and reading this thread
>>77906192
I hope you've been saving m8.
>>77906192
just kill yourself now and save time and money
>>77906192
anon, can I see your benis
>>77901041
>no one was around except for the rare uncultured inbred wandering around.
oi cunt stop describing me. i didn't touch your friend.
To everyone who is wondering why houses in Australia cost so much, just take a look at the Liberal parties new add.
https://www.youtube.com/watch?v=5ENRH26XwGc
>>77901520
Pricing in Sydney is never going to drop. Sydney is what Hong Kong and New York are. It's where everyone the world over wants to live. It's just a lot of dipshits don't realise they don't get to buy where their parents bought the same as they didn't get to buy where your grandparents bought for even cheaper. If your on good money seriously get in now, and Melbourne is literally cheap as fuck. $200k for a unit in the middle of Melbourne? How cheap do you want.
I've got a couple properties south of Syndey and only 28, next will be in Melbourne but in the slump and oversupply it's hitting at the moment. This is a 30 year investment not 3.
>>77906192
>tfw also 18 and have no form of savings and facing homelessness in a week
How does housing commission work? I just went in there today and they gave me a metric fuckton of paperwork for me to fill out. I don't even have any form of ID as I don't have a proof of age card and my original birth certificate went missing during moving a year ago.
I'm currently on the dole since I can't find a job either. What are my options aus/pol/?
>pic related goal body when I'm older
>>77907647
you want to be 2D when youre older?
>>77907718
Of course. I want to make an effort though instead of taking the quick route and being thrown off a building in Israel.
>>77907718
If that isn't what you aspire to, then you've no business calling yourself the most powerful race.
>>77907639
>muh opera house
>muh Sydney Harbour Bridge
The roads are fucking atrocious, the city is boring as fuck, night life is practically non existent, and the houses are the absolute insanity.
People go their because when they think of Australia they think Harbour Bridge, Oprah house but then once you've seen that, what's Sydney got? Nothing.
Why the fuck is it so expensive? Melbourne is better in every single way.
can some please explain?
1973 - $15,000
2016 - $650,000
>mate's parents bought their house for £200k in 2002
>spent about £100,000 on extension and refurb a few years ago
>valued last week at £1.4mil
I live in fucking Merseyside. You'd think we'd be safe from the house price bubble but it still happens in pockets.
Tbh, I wouldn't mind a heavy tax on owning unused properties. In London there are whole skyscrapers with only a few people actually living in them.
Maybe go even further and tax all secondary properties.
>>77895776
Fucking magnets, how do they work?
>>77907570
This ad fucking boiled my blood. I was probably gonna vote for Turnbull before this, now fuck them. I'll throw my vote away to some third party candidate.
>Have a small loan of a million dollaru.
>Buy a bunch of shitty houses in New york or London.
>Spend some of it on stockmarketing.
>Wait a few years.
>Watch your money get doubled while mastrubating.
God damn i wish i could get a big loan.
Even right now as i'm playing with the stockmarket using fake money i've made 300 fake euro within a month investing only a 1000 of it.
>>77892625
My grandpa built a fucking three story house (no wooden shit) for his wife and future family. He had a bad back for the rest of his life though.
>>77908481
Ad in a nutshell: "I don't know much about politics but labor is threatening my multibillion dollar employers and not letting me jump into a broken economy that is simply fucked but i want a turn of that fuckery".
>>77900905
>Start webshop or become webdesigner.
>Just do your job at home with your beautiful blond aryan wife, making babies all day long.
>Live in the middle of nowhere with just green fields acres and forest in your cheap farm were you can do your farming on the side as a hobby.
Muh dream.
>>77894976
Hey tasbro In hobart glad there are other pollacks in my state
>>77908701
He dug out the cellar with a shovel and a wheelbarrow.
>>77908822
This. You can charge normies out the ass for a wordpress site you put together in an hour. I'm talking 3-4 grand for 90 minutes of work, tops. Then offer to do site "maintenance" which is really you sitting on your ass while your team of flips handles that shit for a small share of the revenue.
>>77904509
>got any tips for shares or what an index fund us lol?
google "index investing" and prepare yourself for a few lifetimes' worth of info
tl;dr: you're buying a bit of everything instead of putting your shekels into each company individually and over the long term it averages out in your favour
>>77906192
Avoid debt, ignore the property meme and learn to invest properly, the earlier you start the better it will work.
If I'd started at like 21 I'd be a millionaire now at 31, but I was fucking stupid like most people here and didn't learn this shit until I was 28.
>>77909251
>learn to invest properly
If you're feeling generous, would you care to share any tips?
>>77892625
>>77893939
>>77894008
My parents bought their house in 1991 for 75,000 dollars, now my city is trendy and gentrified and the house next door to me sold for 620,000 dollars. I'm going to have to move out to the spic filled out city if I want to move out of my parents house
>>77897422
>Grandpa took over company of his dad and grew further and further, buying his dream house of 250k which was a lot back in his time.
>Turned into a millionare with a multi-national company that sells gravestones and marble kitchen tables.
>He dies and the company passes over to his son (My uncle) but during this progress the city is going to shit because of mudslimes and the housing prices rapidly drop. (House value is 900k) now.
>He dies too and his sons are too incapable of taking over the family business because they're drug addicts, the business gets into a deficit and is sold, and the city i live in has become shit tier, so the house drops back to a net worth of 300k and is sold to make up for the loss.
I think my grandpa would turn in his grave.
>>77893939
It's all sounding so familiar. My Dad paid 114,000 for his house in 99 which is now valued at 380k.
All he says is "Muh interest rates back then"
Boomers need to die but that will take another good 20 years at least and no one can wait that long.
>>77892258
Why would anybody pay $180,000 to live in Noble Park?
>>77908918
3-4 grand is a lot, but i did make a bunch of wordpress websites that i managed to finish in a few days and sold them individually for just 300 euro, it's easy money indeed.
>>77908863
p-plz come live with me, ill suck your dick
>>77902447
The former Swiss Grand hotel rooms overlooking the beach apparently were sold off for $23 million each so you're a little bit off there.
>>77908701
>thinking that building is hard
it really isn't
building your own house should be a pol rite of passage
>>77908799
>>77908481
spot the millennials
just because your too stupid/lazy to understand or work negative gearing/salary sacrifice in your favour we should just shitcan it because babby can't have their lolly pop straight away
shitcunts
>>77909251
>investing
>>77896236
I'm very pro capitalism but there is something very wrong about the super rich buying property and then never living in it or letting it out.
>>77899005
but Geelong is a shit hole.
>>77909819
would be great to sharehouse with a pollack, Wouldn't have to hide in my room to watch trump vids or have anexity attack everytime someone touches my phone /computer... Wouldn't it be a dream to actually talk politics with people
>>77909851
You're right, and what's wrong with it is called property tax.
Any rich asshole that buys up a shitload of property and does nothing with it just hemorrhages money via property tax. Thus, your fictional situation doesn't happen.
>>77909851
supply / demand, my friend
>>77910136
We could wear our nazi uniforms with pride anon and then at night we could cuddle while watching hitler documentaries
>>77892258
a unit downstairs from me sold for over 600K.....
prices here in sydney are absolutly fucked and its all the fucking chinese faults.
>>77909418
my tip is to google that shit and read about it
i'm terrible at explaining this stuff
also https://www.vanguardinvestments.com.au/retail/jsp/investments/retail?portId=8129
>Bought 3 bedroom house for £75,000 in 1995
>Sold for £250,000 last year
>>77899029
fuck this nigga speaks the truth.
Play to win, be ruthless and put yourself first over others.
Can't agree more about the uni shit. Getting a degree is worthless these days and just makes you debt ridden. Having a job straight out of school gets you the exp which is looked higher upon a piece of paper...
>you will never go back in time to win the lotto and buy a shitload of property in sydney and become the next trump
>>77898628
10/10 bants
>>77909849
What do you mean building it yourself?
You could hire a contractor and select the materials. In the US a standard home would cost somewhere around $240,000 USD using basic materials. Anything fancy or larger can quickly get to $400,000. A standard lot of land with a build permit, maybe around .3 acres, would cost around $25,000 USD when it's all closed. However, if you want any prime real estate (lake or downtown), it quickly goes north of $100.000. Ocean front or prime real estate anywhere near water exceeds $300,000.
You could also buy the materials yourself and build it yourself. But that option is risky and expensive too. First, you have to know how to build shit or spend the entirety of your free time learning. Non builders, and DIY'ers don't know it all. You might know how to lay brick and tile, but you don't know the latest in roofing or drywall. You could do it yourself, but you know how your learn from your mistakes on your first job learning to build something? You don't want to do that on your dream home. Also, if you're not HVAC certified AND an electrician, legally you can't do that part yourself. You need to do landscaping and you don't know the risks involved where to build on the land. You also need to spend a shit ton of money renting the equipment. You have to get all of it certified every step of the way. You might not do something right and have to do it. Or skip a necessary inspection and tear it down. When it's all done with, you have a substandard home and spent way more money on the house than if you would have paid a contractor. They cut costs to gain profit.
Real estate developers cut even more cost via economy of scale with good logistics and less material and blueprint variety. They maximize their profit by cramming as many new houses as they can in a culdesac. But it's the cheapest new house you can buy. But remember, the community isn't tested yet, and property value can go down.
>>77897924
>having a retirement fund is a fucking meme
have fun living off the pension when you are 70
>>77892258
yeah whats happening is we're developing a caste system. the only way in the future to obtain a house/unit will be to inherit wealth. we're 1-2 generations away from being indians.
>>77905815
R A R E
A
R
E
>>77892258
I remember a 2-bed place like that going for $45K (c.1995)
>>77893939
Immigration and foreign investment is what is driving the prices up. The US population is increasing by 250,000 a month almost exclusively due to immigration. All these termites need to live somewhere
>>77901737
>spending that amount of money to live in a box surrounded by pakis, concrete and smog
>not just going UP NORF and spending less for a shit ton of land overlooking a lake and a comfy country house surrounded by white people
>>77892258
You do realize there is an oversupply of apartments in Melbourne - the prices will keep dropping. I think the large house dream is dead for a lot of Australians but the majority of them would all be able to purchase a 2 bedroom apartment close to the city.
>>77910865
I want to compare this to what it was like before liberals shit everything up in a giverment and add too much litigation to everything.
So as I was saying, every step of the way, you need inspections, permits, and approval from your local governments and from federal regulations. The local governments take their cut. But..
In the US, people claimed land, others bought portions and divided those up and so on. Some land was unclaimed. So you either paid hardly anything, or nothing at all. Mostly hardly anything. And you would chop down the trees around it, grab some buddies, and lay those fucking logs on top of each other and seal them with shit, making floors with logs too. Now keep it mind, your family would have to live in it, so you'd take care that it was structurally stable and that there weren't any defective parts so your wife would get impaled by a rogue stake while giving you a bath. And you did so without the government having to tell you to do so. Because the government didn't give a shit. Nobody gave a shit. If you went to someone's house and it looked rickety, you'd be more careful or maybe not go there at all.
The logs were thick and sturdy. Now you're stuck with developments that research year round on what the thinnest, cheapest material they can make your floor out of while still adhering to federal regulation by not killing you. They also fuck you over by charging you for more expensive insulation, while putting the cheap shit in, knowing full well that 99.9% of people won't notice unless they tore a wall out and actually knew what they were looking at.
>>77892625
You can still get homes for under 50k in my state, but you have to live in Topeka.
>tfw this thread has made me browse the property sites looking at massive country homes I will never be able to afford
>>77912074
Don't say never. You can make some good choices and work hard. You'll be able to own one if you put your mind to it, you just won't be able to enjoy life cause you'll be working too hard and overcoming personal barriers.. which hurts, a lot.
>>77910865
>What do you mean building it yourself?
I wasn't being ironic, just a straight forward call to self sufficiency
thanks for highlighting the pitfalls of owner building, It really highlights what i think to be the recurring theme of big vs small when it comes to the market and who our legislators cater to.
>>77911341
There's an over supply of them because no one wants them. You could barely call them habitable, they're the size of a shoe box.
Yes they are cheap, and they'll get cheaper. Another reason no one wants them, why would I buy something that is known to loose money?
>>77911341
How fun, a 2 bedroom where you have to like under another person's arbitrary rules. Basically the same as living with your parents, just exchange money for the ability to get laid....
>>77892258
maryland here. if you want a house under 200k then you'll have to go out almost as far as west virginia. and even then it's probably a "fixer upper"
>>77911341
>>77912386
we have the opposite problem in the states: there are tons of apartment units available, but the demand for them is so high that the rents are exorbitant and show no signs of decreasing. basically what's happened is that older people with more money don't want to own anymore after the housing bubble burst, so now they're all renting luxury apartments. developers knows there is no money to be made making affordable housing.
>>77904004
This triggered me
>tfw own 3 houses and 3 apartments in a dying city
>>77892258
You cunt's have nothing to complain about.
Living in Auckland, one of the most overpriced places to buy land on earth.
fallen down house on a small section u the road just sold for 1.5 mil (NZD)
lucky im loaded
>>77894976
I'm going to move to Tas after a few years at the bar and reskill to get barrister's work down there. Just got to survive this shitshow until then.
inner city sydney.
Parents bought house in 1985 for 100,000.
Sold it recently for 2 million
what the very fuck...
Bought my house for $600,000 3 years ago
now valued at 1.4 mil
>>77911312
>mowing that fucking lawn
Fuck that
>>77904779
Congrats on being on your way to owning your own house famalam.
>>77913274
REEEEEEEEEEEEEEEEEEEEEEEE
>Mfw if everyone on pol bought property in Queenstown tasmania we could probably control the entire town
>>77913397
Its fucked man, the only people who own houses in the inner west are gooks and fucking yuppies. No working class folk anymore. sad timez bro
>>77913788
I'm honestly surprised that people aren't taking advantage of a generally cash rich but physically feeble minority.
You'd think there would be more muggings and home invasions.
>>77892258
It seems the only people to make money on real estate are the super rich whose multi-million dollar homes sell for multi-million dollar gains. The people starting out with starter homes are getting fucked. Buy a house for $180k, pay $10k closing costs additional. Pay $3-6k a year in taxes, not to mention what you pay in repairs and updates to the home. Then you go to sell and you pay another $10-12k in closing costs again. how did it get to be this way?! how are you supposed to get a return on your investment?! Aaaaaaand, not to mention what you pay in interest on a $180k loan. It's a starter home, you don't usually plan to live there for the rest of your life.
23 here, I don't think I'm ever going to make it
>>77914528
You're not, at least not if you keep living in the major cities.
While you are still young: move. Go somewhere cheap and ply a trade that is in demand. The cities are a trap and white collar work is a dying game.
>>77914330
that s key point of the ponzi
people are told that in a housemarket that has price increasing by 10% every year they can by starter house/appartement (usually a shitty) one
and in a few year sell it and buy bigger
problem the bigger house has also increase by 10%/y so you sell your shitty appartement to get a little return but have to take an even bigger mortgage to get the new appartement
and the one winning is the bank
2010 buy for 100k a 1 bedroom sell it for 160k in 2016 retract the interst rate the taxes and then buy a new 3 bedroom appartement that was 200k in 2010 for 320k you have to get a bigger loan than what you would have to if there was no increase in the market
I m a mutli owner and i want to see the market crumble so i can sell even at a loss a shitty 2bedroom for -15% and buy 2 1bedroom for -15% each wich would yeld much better investement return.
>>77894457
Says the Canadian, or should I say foreign Chinese PR. 欢迎!
>>77913070
>Living in Auckland, one of the most overpriced places to buy land on earth.
Melbourne and Sydney are more expensive but Auckland beats us in the "fucking unaffordable" ranks because NZ wages are lower.
Wouldn't mind your tax rates though senpai, closing in on 200k and it fucking hurts here
>>77894457
the ones getting cucked arent the ones that cant afford right now
it s the one that entered recently cause their no way it ll keep increasing
so the one renting an appartement as long as the rent isnt prohibitive is the winner cause when the market will go down a few % every year they will be able to buy while the one that bought at the peak will end up in negative equity
>>77894121
A gallon gas also cost a nickel back then
>>77915287
Except that Australia works illogically. Owners will not treat reduced demand in the rental market as a signal to reduce rent prices, they'll instead react in panic and increase rent beyond sustainability and further disrupt the possibility of renters' savings being realised to the point of entering the market. (To illustrate the point, look into our brick and mortar retailer market and its reaction to the internet: they'd prefer to drown with the current business model than adapt.)
The current owners will do their best to suck the blood out of tenants, which will cause vacancies and attrition of people from the cities and inevitably foreclosures as the landlords start drowning. Three investment properties leveraged to the eye balls and incomes that can't support the repayments without tenants' dues.
During this period, most renters have burnt through 2/3rds of their monthly income to keep living in the cities, so they aren't buying up the houses from the banks at reduced rates: that's when foreign capital enters the arena.
Sydney is currently the destination de jour for Chinese criminals to flee the jurisdiction, we're like their Mexico. They don't care about the stability of our housing market, it's all just about getting money off shore and having a place to flee to after you've made bank. They'll buy up every reduced price square acre in the city.
I bought a 2 bedroom, 1200sq ft home in Saint Paul MN in 2005 for 174K, zillow appraised it at 134K.
I will never see my equity appreciate.
s-someone come be my room mate in tasmania.
>>77897756
>parents get a house on the ladder of a small mountain in exchange of around 6 months of unpaid salary
>city starts receiving a shit ton of tourists and commerce and everyone runs away from the center
>suddenly all the richfags of the city start building in said ladder
>house is now valued 14M USD
Die already pls
>>77915836
Same shit in France. in Paris a lot of empty appartement cause "i refuse to lower the rent and would rather die than make a concession"
but it s been going on for a while and now the market is eroding rent are dropping like 2% a year same with the price of a house/appartement.
it s not a huge crash but a small decrease that allow the latest to have enter to cut some of their loss
>>77892258
Negitive Gearing is ruining the housing market its driving prices up because the demand is sky high since buying investment property's is not a risk with negative gearing
>>77916414
Maybe. I'd imagine Paris would have similar issues as Sydney. Lots of foreign investment, unattractive satellite suburbs and an economy focused on the cbd.
>>77916775
exactly
aside from the very old familly and the very rich there is no one that is able to buy in paris intramuros unless you are part of the elite
some area in paris are litterally 15k€ /m2 and some private hotel/house go for 60+million €
the parisians are forced to live 1 or 2hours away from paris in enriched area.
Thanks god i live near Lyon and the bubble is there but not as big as the parisian one.
