Badly burned by investing

Discussion in 'Introductions' started by Bounce, 15th Jun, 2016.

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  1. RetireRich101

    RetireRich101 Well-Known Member

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    now how do i get myself out of this one :oops:
    i didn't check your profile picture before i commented... now i did...you are amazingly awesome!!

    i am loving your personalty. keep up this great attitude, and you will bounce back in no time...
     
    RetireRich101, 16th Jun, 2016
    #61
    MTR likes this.
  2. chindonly

    chindonly Well-Known Member

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    WHy sell the PPOR? I went through a divorce many years ago, and fought hard to keep the PPOR. Was a great decision in the end. I would only sell if I absolutely had to.
     
    chindonly, 16th Jun, 2016
    #62
  3. Azazel

    Azazel Well-Known Member

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    Nice save!
    I think you did just fine.
     
    Azazel, 17th Jun, 2016
    #63
    JenW likes this.
  4. Bounce

    Bounce Well-Known Member

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    No plans yet legallyblonde as have to weigh up what to do with the 3 properties we have atm. Selling PPOR is first.
     
    Bounce, 18th Jun, 2016
    #64
    legallyblonde likes this.
  5. Bounce

    Bounce Well-Known Member

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    :D
     
    Bounce, 18th Jun, 2016
    #65
  6. Bounce

    Bounce Well-Known Member

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    Thanks Retirerich101 all is forgiven;)
     
    Bounce, 18th Jun, 2016
    #66
    RetireRich101 likes this.
  7. Bran

    Bran Well-Known Member

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    Come along to some meet ups as well. Don't rule out a partner, wouldn't be the first PC romance :)
     
    Bran, 18th Jun, 2016
    #67
    Phantom likes this.
  8. Bounce

    Bounce Well-Known Member

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    Unfortunately to clear debt we have to sell but I'm OK with that anyway....I'm sick of cleaning this big house:p
     
    Bounce, 18th Jun, 2016
    #68
    Perthguy and chindonly like this.
  9. Bounce

    Bounce Well-Known Member

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    Great idea Bran ;)
     
    Bounce, 18th Jun, 2016
    #69
  10. Gockie

    Gockie Life is good ☺️ Premium Member

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    If the Brisbane house is the ppor, I reckon try to hold it for another 12 months and continue to assess the market conditions as I think its still a rising market. If you sell now you could be giving up 100k or more by selling too early in a rising market. (Ps. I dont know what part of Brissy you might be, just speculating on growth).
    Note, I am assuming the other properties arent bleeding you completely to death though. And this assumption is wrong and you really need to sell, do it. But if you have other avenues, pursue them first.
     
    Last edited: 18th Jun, 2016
    Gockie, 18th Jun, 2016
    #70
  11. Bounce

    Bounce Well-Known Member

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    Thanks Azazel:)
     
    Bounce, 18th Jun, 2016
    #71
  12. Bran

    Bran Well-Known Member

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    @Bounce - mind sharing the suburb of the Brissy house?
     
    Bran, 18th Jun, 2016
    #72
  13. Bounce

    Bounce Well-Known Member

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    Due to X's great paying job we have kept our heads above water. We do need to sell as a new start is necessary to move on. Plus like I said before I'm sick of cleaning this place The Dysart property is vacant and we have a $390k mortgage on that so that hurts! Selling it isn't an option atm because we would be lucky to get $100k for it, X wants to sell them all which would mean splitting the debt, yikes I think that would be crazy! The unit in Bris is going along smoothly but once again X wants that sold too:eek:
     
    Bounce, 18th Jun, 2016
    #73
  14. Bounce

    Bounce Well-Known Member

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    Brisbane
    Cashmere
     
    Bounce, 18th Jun, 2016
    #74
  15. Azazel

    Azazel Well-Known Member

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    Azazel, 18th Jun, 2016
    #75
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  16. Bounce

    Bounce Well-Known Member

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    That's funny Azazel but I like Stairway to Heaven better:)
     
    Bounce, 18th Jun, 2016
    #76
  17. Azazel

    Azazel Well-Known Member

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    Everyone does.
    But Babe I'm Gonna Leave You is their best.
     
    Azazel, 18th Jun, 2016
    #77
  18. Bounce

    Bounce Well-Known Member

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    Will have to check that one out as I am not familiar with the name
     
    Bounce, 18th Jun, 2016
    #78
  19. WattleIdo

    WattleIdo midas touch

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    Riverina NSW
    Whole lotta love!
     
    WattleIdo, 18th Jun, 2016
    #79
    Azazel likes this.
  20. MTR

    MTR Well-Known Member

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    I think its actually a good idea to sell the primary residence if it helps you financially moving forward, mental health is far more important than money and with your positive attitude you are bound to recover from this.

    MTR:)
     
    MTR, 18th Jun, 2016
    #80
    Perthguy, Matt Ad, Bounce and 2 others like this.
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