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

    • Cheers. Skyline is back on the menu, can’t get rid of it. It’s like a child you don’t want, or herpes 
    • I got back to Japan in January and was keen to get back on track as quickly as possible. Europe is god-awful for track accessibility (by comparison), so I picked up a first-gen GT86 in December just to have something I could jump into right away. The Skyline came over in a container this time and landed in early January. It was a bit battered after Europe, though—I refused to do anything beyond essential upkeep while it was over there. The clutch master cylinder gave out, and so did the power steering. I didn’t even bother changing the oil; it was the same stuff that went in just before I left Japan the first time. Naughty. Power steering parts would’ve cost double with shipping and taxes, so knowing I’d be heading back to Japan, I just postponed it and powered through the arm workout. It took a solid three months to get the car back on the road. Registration was a nightmare this time around. There were a bunch of BS fees to navigate, and sourcing parts was a headache. I needed stock seats for shaken, mistakenly blew 34k JPY on some ENR34 seats—which, of course, didn’t fit—then ended up having the car’s technical sheet amended to register it as a two-seater with the Brides. Then there’s the GT86. Amazing car. Does everything I want it to do. Parts are cheap, easy to find, and I don’t care what anyone says—it’s super rewarding to drive. I’ve done a few basic mods: diff ratio, coilovers, discs, pads, seat, etc. It already had a new exhaust manifold and the 180kph limiter removed, so I assume it’s running some kind of map. I’ve just been thrashing it at the track non-stop—mostly Fuji Speedway now, since I need something with higher speed after all that autobahn time. The wheels on the R34 always pissed me off—too big, and it was a nightmare getting tires to fit properly under the arches. So I threw in the towel and bought something that fits better. Looks way cleaner too (at least to me)—less hotboy, less attention-seeking. Still an R34, though. Now for future plans. There are a few things still outstanding with the car. First up, the rear subframe needs an overhaul—that’s priority one. Next, I need to figure out an engine rebuild plan. No timeline yet, but I want to keep it economical—not cutting corners, just not throwing tens of thousands at a mechanic I can barely communicate with. And finally, paint. Plus a bit of tidying up here and there.  
    • Nope, needed to clearance under the bar a little with a heat gun, a 1/2" extension as the "clearancer", and big hammer, I was aware of this from the onset, they fit a 2.0 with this intake no problems, but, the 2.5 is around 15mm taller than a 2.0, so "clearancing" was required  It "just" touched when test fitting, now, I have about 10mm of clearance  You cannot see where it was done, and so far, there's no contact when giving it the beans Happy days
    • It's been a while since I've updated this thread. The last year (and some) has been very hectic. In the second-half of 2024 I took the R34 on a trip through Germany, Italy, France and Switzerland - it was f*cking great. I got a little annoyed with the attention the car was getting around Europe and really didn't drive it that much. I could barely work on the car since I was living in an inner-city apartment (with underground parking). During the trip, the car lost power steering in France - split hose - and I ended up driving around 4,000kms with no power steering.  There were a few Nurburgring trips here and there, but in total the R34 amassed just shy of 7,000kms on European roads. Long story short, I broke up with the reason I was transferred to Europe for and requested to be moved back to Japan. The E90, loved it. It was a sunk cost of around EUR 10,000 and I sold it to a friend for EUR 1,500 just to get rid of it quickly. Trust me, moving countries f*cking sucks and I could not be bothered to be as methodical as I was the first time around.
×
×
  • Create New...