Good on these guys for saving money for a deposit

Discussion in 'Investment Strategy' started by big max, 12th May, 2017.

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  1. big max

    big max Well-Known Member

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  2. erorxxx

    erorxxx Well-Known Member

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    another lessons are
    - your first home doesn't have to be your dream home
    - sometime it's worth to pay LMI , as long as your LVR no more than 89%
     
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  3. MTR

    MTR Well-Known Member

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    Decline, are you referring to what they are buting?
     
  4. jaybean

    jaybean Well-Known Member

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    You wouldn't believe how many people I've head say, with quite convincing authority "but you know of course, LMI protects the bank, NOT you?!"

    Well damn, I feel pretty well protected with a few hundred thousand sitting in my offset.

    All these know-it-alls are just making it harder for first home buyers.
     
  5. big max

    big max Well-Known Member

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    Yes. I'm assuming they will buy in as soon as they have saved their deposit. Save 100k, buy a place for 1m, then have it decline to 750k. Not a great scenario which might well happen ...
     
  6. MTR

    MTR Well-Known Member

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    Apartments wrong product, already oversupply in most capital cities
     

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