Jump to content
SAU Community

Recommended Posts

9 minutes ago, TiTAN said:

 

But it has to appreciate to double its original value to cover the interest assuming you are just paying the minimum monthly with principal and interest.

As in over the 25/30 year loan period? historically haven't they been doubling every 10 years anyway?

You can only double every 10 years for so long until it's completely unaffordable for 90% of the market.

If all the places that are currently asking 1 million are suddenly asking 2 million you are looking at 10k a month for the repayments and a 200k deposit.

1 hour ago, TiTAN said:

You can only double every 10 years for so long until it's completely unaffordable for 90% of the market.

If all the places that are currently asking 1 million are suddenly asking 2 million you are looking at 10k a month for the repayments and a 200k deposit.

I thought this was VWL, 200k is pocket money m8 

Seriously though, yeah I see what you're saying has to stop somewhere but we keep hearing that for how long now? Do people need to wait 10? 20? 30 years for this crash then another 5 for it to become affordable to them? 

  • Like 1
4 hours ago, UNR33L said:

Why not just invest in property so you make some money 

dezz likes f**king over other shareholders by investing his curse in their stock

  • Like 1
1 hour ago, TiTAN said:

You can only double every 10 years for so long until it's completely unaffordable for 90% of the market.

If all the places that are currently asking 1 million are suddenly asking 2 million you are looking at 10k a month for the repayments and a 200k deposit.

The 10% of the market who could afford in that scenario are pretty much the ones who have been driving it up in the first place. They have disproportionately expansive wealth compared to the rest. I agree it will slow down eventually, but for other variables, like a downtrend in foreign investment. I think majority market affordability will have little to do with it, without government intervention.

Also the more Melbourne sprawls, the more inner suburban properties will push up by virtue of comparison. I think it's gonna take a recession or a serious drop off in the rentals market to stop this train.

As for rentals, there's good reasons to rent, but don't fool yourself into thinking it's financially better over the long term than paying a mortgage, unless your interest is more than a month's rent for the same kind of place (unlikely). You might waste a lot of money on interest but you end up with an asset or at least a redeemable share in an asset.

Disclaimer: everyone's situation is different. Consult your product disclosure statement. Past performance is not a reliable indicator of future performance.

 
But it has to appreciate to double its original value to cover the interest assuming you are just paying the minimum monthly with principal and interest.


Find me a property that hasn't doubled in the last 30 years.... I'll wait here

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • After using a protractor for an actually accurate assessment of what is required,  and by NOT using my uncalibrated eyeball I worked out I need a 25° silicone bend from the TB ro the MAF, but, my choice was either a 30° or a 23° (23° is a weird spec), so I grabbed the 23° one from Raceworks I also grabbed 1mtr of 3" straight from Just Jap, I needed 350mm, but they only had 300mm, or 1mtr lengths....meh Also ordered a 1/2" hose bulkhead fitting from fleabay, this has a smoothish mushroom looking head (they are designed for below the water line of boats) that will fit inside the bend, the hose bit and threaded bit looks to long, but nothing that a hacksaw cannot fix if required, the hose will then just get jamed on the threaded bit up to the retaining nut Fingers crossed and the unsightly amount of hose clamps will be reduced down to 4 once all the parts arrive 
    • Oil change does not trigger code 21. Code 21 is for coilpacks primary side connection. You can try to clear the code with a battery disconnect, hold down the brake pedal to drain capacitors through the brake lights with the ignition on for 10-15 seconds before you reconnect the battery. I have seen R35 coil conversion permanently cause this code with no ill effects so it might be the resistance it wants to see isn't quite right on one or more coilpacks. Could be inside the ECU, could be the harness, could be a coil. You can test it all if you want or just ignore until the car actually starts misfiring.
    • I forgot you have a Nistune ECU. Use Nistune to do all the tests I mentioned instead of faffing with 30+ year old electrical connectors. You can read MAF volts off that too, there are reference values in the service manual to tell you roughly what it should be in different conditions.
    • No. I think it might be the AFM. Hence the use of the terms "swaptronics", which implies the use of swapping out electronics for the purpose of diagnosis. It's about the only way to prove that a small/niggling/whatever problem with an AFM or a CAS or similar is actually caused by that AFM/CAS/whatever. A known good item swapped in that still gives the same problem is likely to be caused somewhere else. They're all the same. Spraying AFMs with cleaner is an each way bet between cleaning it and f**king it.
    • Oh wow! This might actually work amazingly. Do you know the ratio of the diff? I was told the only thing you need to make sure of is if the front & rear diff ratios are the same. Ours is a 4.083 Thanks!
×
×
  • Create New...