Thread: Mortgage Repayments

those 18-28 year olds are one day going to be paying for the medical bills of 80+ year old baby boomers... thats when it really going to hit the fan....

Originally Posted by BigJon

I am glad you added that last line, my girlfriend is 26 and has a very level financial head on her shoulders .

Originally Posted by BigJon

I am also very impressed that people are playing the ball, not the man. The level of maturity shown is pleasing.

I hate sterio typing but unfortunately the ABS is a veritable storehouse of sterio types.

Like your 26 yo GF there some absolute gems amoungst the Gen y's. They are clever, well educated, got common sense and best of all they understand allegience. To their employers, parents, community and the the environment etc. They are the sort of ppl whose hands I'd put my life in @ 80 something years of age.

Cheers,

my two pence,

1; absolutely nothing! and l mean nothing justifies a bonus to ceo's, in the millions !

2; lf you were given 5 grand for nothing from the tax man, I'm sure "you" wouldn't say, hey take it back Mr tax man "lm fine l don't need it" mmmmmm thought so!

3; if anyone was retrenched tomorrow and were going to lose your house, you would be the first to ask for help if needed and don't give me the crap that

"oh no l don't need the help of others, I'm a clever boy, ill work it out for myself"

if you needed it, you would ask. So if others need it they should be allowed to ask yhea!

4; ls it only people over the age of 40 that are allowed to buy a big screen tv! jesus god help, theres no law that says people have to own a house to succeed, you'd be better off putting it all in your super and enjoying life.

well I'm tried, have to much to say and cant type fast enough, but l guess that makes me a sinker hey, better go drown myself so as not to be a burden on society

cheers

Originally Posted by cucinadio

theres no law that says people have to own a house to succeed, you'd be better off putting it all in your super and enjoying live.

mmmm but owning a house is part of the best super. After all 25 years of paying rent to someone else is a complete waste of monay. Where as paying a mortage aleast you are getting somwhere

The other thing is a mortage might be alot now but that mortage will be the same amout in 10 year. My mortage is $2000 a month and it will be that in 10 years (when due to life my wages will have gone up and that figure will be alot less percentage of my wage than it is now) Where as if you rent the rent will go up with the inflation every year. So you will be able to save alot more for your super if you own a house and of course you will have the house for part of your super as well.

That is why it is good to buy a house. May be its a pom thing but i was surprised when i got here how many people rent , and not because they can't afford to buy , just they like to rent, mmm semse mad to me . But as i say maybe its a pom thing

Originally Posted by Reads90

... But as i say maybe its a pom thing

It's not a Pom thing. It is (or perhaps was) the great Aussie dream.

We've just sold ours at a tidy profit after some extensive reno's. Now about to build. BUT the actual mortgage remains the same, we're only upgrading by the amount of profit we made. We're not struggling because we've kept a level head, but when we start a family soon and drop back to one income sure it will get tighter, and having lived thru watching my folks paying 18% in the 80's I'm always wary of what it could be like if things spiral again.
As someone else has said, homeowners will be less of a burden on society in their old age (and my generation will not get a pension), it just makes sense to me that we should encourage and help people to buy their own house.

Originally Posted by Numpty's Missus

What? Don't you think the older generation ever struggled to cope? We paid our mortgage at 18%...we never had assistance for child care like you do these days...there was no consideration for families in the workplace, you worked what you could so me for example worked night shift so I could be at home with the kids during the day while Numpty worked. We had no family to mind the children as both my parents worked fulltime, and we didn't get govt assistance to pay for childcare, so we did what we did and struggled to cope. When your family is grown and you own your own home I bet you'll enjoy spending your hard earned because you can

We still do the same NM there are couples working day shift night shift to make ends meet nothing other then 18% intrest has changed

Originally Posted by Disco_owner

ROVERNT

Stevo is right

it's the young people spending big on LCD Plasma TV's , Consumer goods such as Mobile Phones, ipods , electronic goods in general , also car sales hit a record high last year in 2007

All-Time Record First Quarter for Car Sales | Media Release | FCAI

but what really pees me off is how my mate gets a $5K baby grant from our Tax money and he buys himself a LCD 46" TV and none of that money goes towards the child

hay i'll buy that, piont made in that case should GST falctuate to stop spending or is that a flog of the dead horse also.
Oh by the way blame Alan Jones from 2GB for that view he said I bought it

Originally Posted by cucinadio

my two pence,


lf you were given 5 grand for nothing from the tax man, I'm sure "you" wouldn't say, hey take it back Mr tax man "lm fine l don't need it" mmmmmm thought so!


cheers

It's a baby Grant to assist you to feed and cloth your baby , and my point was why should the Government hand out to ones who are not in the need of this Grant , he works with me and is on a Extremely good Salaray , between him and his wife they earn a 5 figure salary & he already had a Nice Television but that wasn't enough, he had to keep up with the Jones and Bought a 46" Television from your taxes. so if i took 5K from your Tax money was spent on a LCD TV , Would you be happy with that? come'on Cuciandio...