Thread: So what will a depression do to you.

Originally Posted by scarry

I know the price of property here is rediculous,read somewhere the average price in Brisbane for a house is 450k

If you saw Rudd on at the end of 60 minutes tonight,he recons property prices will drop & unemployment will rise,so suppose we have to wait & see.

The only good news is he has guarranteed our money in the bank,only for the next 3 years.

I'm over 100k ahead of my property value, that's cold hard cash, without inflation of the value, with 126k to go, I own everything else, the costs in the near future will be kidlets, beer and fuel going up and that's it

Having a loan of 450k, means over 40k p/a gone in interest, thats my rangie sport in 4 years of payments wasted

If you live within your means, you'll be fine, Overcomitted? your screwed

Originally Posted by LandyAndy

NOT REALLY LOOKING FORWARD TO MY NEXT SUPER STATEMENT DUE ANYTIME
BRING IT ON
Andrew

I just checked mine today (on-line) - another $30 lost in the past 10 days.

i have about $18k fixed rate personal loan and $1500 on credit card... the credit card is being paid off as a priority (it's the one thing i regret). i don't want to buy a house any time soon and i just got into a job with an oil and gas company* that is so desperate for people you can pretty much go anywhere you want with them (if you are a hard worker - the way it should be. not like my last job. lies. all LIES! but that's another story). the company should be safe for the next 80 years or so, until we run out of oil. hopefully by that time i will be out of this semi-skilled rubbish and into a career. or dead...

...yes, i'll be 101 in 80 years, so i think i will be very nearly dead. but i digress.

to top it all off i have about $2000 in super as i've only been working for 3 years - easy come, easy go.

*i know - i would quit if i could but i think i'm in a good position financially with them, i shall have to leave my personal hatred of US oil companies at home until things are more secure

i think i'll be fine. i have very little to lose and my debt is not enourmous, seems to be a good position

Not looking really good here.
I had a good business going up until a year ago with disabled transport buses. The Govt has since then provided my customers with low cost vehicles and volunteer drivers.
So, no business+1 idle bus+1Tax debt=bad news.

Hey SenatorKang
Any more jobs going at your company?
Have computer, HR, admin and management experience! Oh, also bloody hard worker! (or so I was always told)

Well I am screwed! And I know that. Invested in an nice property a while ago (ocean views yadayada) but partner's illness meant several bouts of refinancing due to her inability to work. Then she shot through last year, so am now trying to sell a property in a depressed market being crushed by interest rates and the collapse - with no option.

Then leave secure job for the promise of something bigger and better (should be able to afford house on my own) and company falls over! So currently doing courier work - not to make ends meet, but to try to slow the rate they are retreating from each other.

If I could have stayed here I'd have a million $ property in a few years for a very minimal intial investment. Clearly Karma had other plans...

Still as long as I can keep hold of the D2 and the Heep...
Mike

2Rocks, there's heaps of jobs! PLUS, if i recommend you and you pass 3 months, i will get $500 they're really screaming for people. PM me if you want and i will tell you more - i'm very low in teh chain though!

Hmm, I'm going to be over there in March. I need a change of scenery.

I'm afraid I think shares are going to continue to eat curry. We now have to inject liquidity back in (govt) which will dilute shares, dropping prices further.

Throw the retirees to the wolves.