Why work, just buy property!

Discussion in 'Property Market Economics' started by Ummm, 1st Dec, 2019.

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  1. twww

    twww Member

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    Yeah, mate. Like the average Joe with no assets could do the same...
     
    twww, 1st Dec, 2019
    #21
  2. Kelvin Cunnington

    Kelvin Cunnington Well-Known Member

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    I heard the prices double approx every 7-10 years.
    I think if we look at the cost of a house 70 years ago, it would be approx 10 times more today?
     
    Kelvin Cunnington, 1st Dec, 2019
    #22
  3. kierank

    kierank Well-Known Member

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    But I didn’t say that :D.
     
    kierank, 1st Dec, 2019
    #23
    Reddy, craigc, Sackie and 2 others like this.
  4. Jana

    Jana Well-Known Member

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    I took mine, Damn, he said not possible..
     
    Jana, 1st Dec, 2019
    #24
  5. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    John_BridgeToBricks, 1st Dec, 2019
    #25
    Kelvin Cunnington likes this.
  6. Someguy

    Someguy Well-Known Member

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    House price in well located suburbs yes, home prices no! With enough population growth this makes sense. A house in an in demand suburb will be a massive luxury, density grows, opposition to density is defeated by land tax on OO.Only the elite will own a freestanding house and the price for this type of dwelling will represent that.
     
    Someguy, 1st Dec, 2019
    #26
    Kelvin Cunnington likes this.
  7. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 1st Dec, 2019
    #27
    Reddy, Mel_C, croseks and 3 others like this.
  8. Sackie

    Sackie Well-Known Member

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    You better make good on my loan....
     
    Sackie, 3rd Dec, 2019
    #28
    Kelvin Cunnington likes this.
  9. kierank

    kierank Well-Known Member

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    Have another look at the loan agreement.

    Clause 123.4 states:- NEVER TO BE REPAID
     
    kierank, 3rd Dec, 2019
    #29
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  10. Sackie

    Sackie Well-Known Member

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    Doh! You've learnt my tricks well. :p
     
    Sackie, 3rd Dec, 2019
    #30
    kierank likes this.
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