another young person story

Discussion in 'Living Room' started by TMNT, 26th Nov, 2016.

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  1. Sackie

    Sackie Well-Known Member

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    hmm... you've just given me a brilliant idea....that would throw off the whole auction lol!! :D
    16122146398_d6ba26e19a_m.jpg
     
    Last edited: 29th Nov, 2016
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  2. Ouchmyknees

    Ouchmyknees Well-Known Member

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    Some designer label handbags are good investment as well, especially flagship ones.

    Chanel Price Increase Over The Years | Bragmybag

    A lot of girls in HK and Japan buys a good handbag, use it for a few years and maintain it well, then sell it to a secondhand shop for the same purchase price or even higher as the price has increased.

    The mother of all bags (that you can readily purchase in a shop) is Hermes which the basic ones costs about 30k. The collector's versions are very hard to find hence are in very high demand with very staggering price tags.
     
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  3. TMNT

    TMNT Well-Known Member

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    i wouldnt consider selling a bag for the same price after a fyears to be a good investment,
    but if you can get one that increases in value say 25% in a year, then that would be awesome!
     
  4. TMNT

    TMNT Well-Known Member

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    thats no different to saying why would I pay $30 for a steak at a restaurant when I can get it for $5 at the supermarket
     
  5. TMNT

    TMNT Well-Known Member

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    oops, post was written on a 1960s smart phone,

    and yes, have you spoken to me in person, look up the word "ugly" in the dictionary, they have a pic of me ther
     
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  6. Dan Donoghue

    Dan Donoghue Well-Known Member

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    It's very different, you have a cooked steak dish ready for your consumption vs the raw materials that go into said steak dish. Both handbags are finished products and ready for use.

    A better analogy would be a piece of minute steak vs a piece of wagyu technically the same thing and technically do the same thing (put protein in your belly) but different quality and label.
     
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  7. kierank

    kierank Well-Known Member

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    I'm so glad the wife is not on PC. If she read the above sentence, she would be off buying a $3,000 handbag in a flash.

    I don't like your analogy:) :).
     
    Last edited: 29th Nov, 2016
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  8. TMNT

    TMNT Well-Known Member

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    well fair enough, the point was, value is subjective
    the wagyu beef tastes better, then a non wagyu,
    the hand bags may be of identical quality as well, just one is produced by a famous branded company and has a 100x price tag, which people will pay

    the fact that people will comment on how expensive the bag is or portray an image of being posh/rich may be a high priority for them
     
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  9. TMNT

    TMNT Well-Known Member

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    im curious whether she realistically believes that she can buy 2 per year, let alone 1 per two years, or its just "another" statement for 15 mins of fame
     
  10. Marg4000

    Marg4000 Well-Known Member

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    So what if she doesn't?
    At least she has made a start and is also saving money.
    She is probably ahead of many others her age.
    I hope she succeeds.
    Marg

    PS. And journalists never exaggerate, do they!
     
  11. JDP1

    JDP1 Well-Known Member

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    its not newsworthy.
    The reason why its on the news is because she is reasonably pretty ( that always sells- has for thousands of years and will for the next thousand) and that she is in the secretarial/admin asst. -thus middle class income. Its not like she is a doc, banker, mgt. consultant etc...
    Its more of a 'look at me, im young, single, with a middle-low income and I have got on the property ladder- so can you' type story- one which seems to be very popular these days with FHB and the like.
     
    Last edited: 29th Nov, 2016
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  12. Elives

    Elives Well-Known Member

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    turns out the young person the story is written about works at binvested hahah
     
  13. Ted Varrick

    Ted Varrick Well-Known Member

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    I feel it's very different, unless there are people who enjoy covering their handbags in sauce....
     
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  14. TMNT

    TMNT Well-Known Member

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    iut doesnt bother me if she doesnt but , going from superficially shallow to ive saved up $20k at doesnt meen 2 props per year is going to happen,

    shes chosen a different path now and if she can get to her goals, then thats kudos to her
     
  15. TMNT

    TMNT Well-Known Member

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    good find!

    from binvested site

    Welcome to a new week everyone!! If you're in need of a little inspiration for this Monday morning, check out this awesome article featuring our very own Customer Care Legend, Kate! --> http://bit.ly/2g7Umvg

    We're so proud of what Kate has achieved so far and so excited for what's to come ... it just goes to show what a bit of motivation and determination can do for you! #LiveLifeOnYourTerms
     
  16. Mindplay

    Mindplay Active Member

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    what asset increases value 25% a year?? all the realestate investments all the time? who gets solid 25% gain after selling a house in a super growth area considering all the associated costs?!!
     
  17. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    This ^^^^^ sentence is what is sadly missing when it comes to parenting. I have 4 children and another on the way and I know what advice and guidance they need at each particular life stage. Whether they listen and apply it is up to them.

    This is the best approach imo. Always keep your cards close to your chest.
     
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  18. Sackie

    Sackie Well-Known Member

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    That, I don't think exists.
    Many people get alot more than 25% growth after selling a property even including all holding costs. That's nothing uncommon.
     
  19. Angel

    Angel Well-Known Member

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    I was hoping for an update on Miss Kate. Wonder how many she bought this year given her servicability and how much her unit is worth.
     
  20. Otie

    Otie Well-Known Member

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    Glad to hear that. I often worry my kids (still primary school aged) will not have the motivation or drive to do anything. We try not to spoil them, but I can't think of anything they go without. I always thought I had to buy a house because thats what my parents did, however I never even thought about investing til about 2 years ago (parents paid off PPOR, never invested, and drummed into me that all debt was bad etc), I bought my 1st IP in melb, now I have 2 IPs and a PPOR here (bought PPOR when I was 23, I'm now 30). Im looking for the third IP at the moment. I worry that because I have done this the kids will have the mindset of "why bother, we will end up with mum and dads properties anyway".
     
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