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Out of context: Reply #69145
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- thumb_screws10
I bought a house. Now i have to pay the fucker off.
Housing market in Australia is fucked. The whole experience of trying to buy a house and compete against cashed up baby boomers that are buying their 12th investment property is awful.- I'm on the same boat, tired of renting an apartment. Bought a plot and hired an architect, going through the process of licensing...dmay
- It's cheaper than buying a finished house, but it will take about a year to get it donedmay
- congrats. I haven't dared to enter yet... need to a multi millionaire these days.inteliboy
- Would love to build my own place at some point dmay. Now that I’m in I can use the equity on this place for a shackthumb_screws
- Would love to build my own place at some point dmay. Now that I’m in I can use the equity on this place for a shackthumb_screws
- @intelliboy, i made the move to a regional city a few years ago, only reason I could get into the market. Bit cheaper.thumb_screws
- https://www.rethinkt…ArchitectofFate
- < whoah!!!!thumb_screws
- I'm like you, thumb_screws, I can only afford this because I live in a small city away from Lisbon.dmay
- ^^ architect - we;ve been thinking of that.mugwart
- ^ dmay - would love to do that. UK land is crazy thoughmugwart
- Edinburgh prices sky high at the moment. We bought at end of last year, place needs a small fortune spent on it. It'll be our long-term home though...microkorg
- ... not looking to sell it in near future as probably wouldnt make anything on it. Work just started a few weeks ago. Finishes about March/Aprilmicrokorg
- is it still the same in oz where you buy the house with all the furniture in it?ben_
- my wife and I bought our place about 16 years ago now. at the time, it was worth about 270k...it's now upwards of 900k..freaks me out thatexador1
- If i tried to buy my own house now, I likely couldn't afford it.exador1
- the housing market is fucking crazy... our place is almost identical to my childhood home...which my dad BUILT himself, for about 20k (including the price ofexador1
- the land/property) so i was pissed at the time that ours cost SO much more for the same fucking thing... but time has made the investment worth it...exador1
- and most importantly, our kids love it, and love the neighbourhood...it's home :) not as big as most of our friends houses, but I've never been one for bigexador1
- mansions etc...or that 'keeping up with the Jonses' kind of mentality...exador1
- @exador1 thats what I'm expecting to happen, at least to some point... Its my retirement plandmay
- @dmay, you're on the right track dude. :)
takes a while, but the years pass by quick. and suddenly you're in your mid-late 40's, close to paying it all off...exador1 - and you realize it was ALL worth it :)exador1
- i think when you buy now the investments get up for sure (place matters) but never like that what we saw in the last 20 years....api
- Yeah, I'm not expecting to get that kind of appreciation, but in Portugal the rents are allmost as high as mortgages. Instead of paying a rent I'm "saving"...dmay
- As someone starting a new job in London, zero chance of even being able to afford a house. Can't even afford to rent my own place. Flatshare while making £60k+shapesalad
- = :-(shapesalad
- I'm london + work in film (not so much money) + with family = not able to even able to get on the property ladder. Its fucked, I want a yellow jacket movement!mugwart
- Good for you, thumbs!stoplying
- Farking hell the place has been revalued 50k more than what bought it for in the space of 2 months. Its madnessthumb_screws
- You guys need to get the fuck outta london!microkorg
- ^ cant afford to!!mugwart