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I think Japan ticks most of the above :) Edit: No lootings, riots after the earthquakes/ tsunami/ nuclear happened! I don't think this would happen anywhere else nowadays (excluding non-nuclear places eg Tibet).

There is no truck :) All I'm saying is that you understand the moral dilemma more that you realise.

You understand more than you admit: The situation is bad for them (flood victims). They're selling because they must (ie insurance doesn't pay, bank sells it, etc). It's morally wrong to take advantage of these people. And: You said it yourself. Buying from these people means taking...

The answer is a collective yes :) Question is what can we do about it? I plan to start with my kids (when we have them that is).

I don't think you need to worry about racism with your post jigglypuff - I can see it's about smell, never race. It's true that cooking smell can linger around for a long time (years) because the vapours are absorbed by the house (porous materials - internal walls, grouts etc) . It depends on...

Morality & capital :) I want to be a whale. I just want to do it nicely - keeping a balanced life, my partner happy, not stuffing others (ie. buy from natural disaster victims) etc. Yes it would take longer, but it makes me feel better (no point being filthy rich if I'm not happy with...

Ah got it. Thanks for the clarification :D

jrc, what is "net income" in the formula - rental income, profit if selling, or household income (wages)?

Have you consider putting it in offset account instead? Same effect as redraw but more flexible. It depends :p All things being equal, I always go for house (land).

Well done on the savings :) IMO it's too early to spend (waste?) it on reno. The fact that you're contemplating reno or investment means that you could 'suffer' without reno a bit longer. I say get an investment as long term, it's better for building wealth (assuming that's your goal). Given...

Hi Gabstar, a different opinion here. I don't like Henley's houses. I find that they're not bright enough and look too similar (different house, same color scheme :eek:). I think you have to decide how reliable the reviews are and go from there.

It's normal to hesitate, and I'm sorry to say that you won't find the one. I'm not being mean, it's like finding a partner where your 'the one' has positives & negatives (more of the former of course ;)). Have a list of must-have's, nice-to-have's, reno-to-have's etc (I prefer in that order...

Never took it for one :D I also have a trading account but leave $0 in it - otherwise I forget that it's earning taxable interest no matter how small :eek:

I wouldn't say no one :) I believe most mortgages come with free savings accounts. That covers most people in this forum (myself included). Also like I mentioned in my last post, ING has Orange Everyday account which is free & may suit you.

Had a quick look at ingdirect.com.au and it seems like we're talking about 2 different things: I was talking about their "Savings Maximiser" account and you the "Orange Everyday" account so we're both right (now that doesn't happen very often :p).

Maybe stating the obvious: accounts like ING needs to be linked to an existing savings account - you cannot close your old account and keep the ING one.

What does your contract say? My understanding is "normally" the buyer must pay interest for every day settlement got delayed. It's worth asking the solicitor to negotiate - you might be able to get away without paying/ paying less.

JIT, I think it's too late (was in similar situation 3 years ago) - VIC - not sure about other states.

Thanks for the link Terry - bookmarked (and I now know that all costs are tax-deductible if it's for investment purposes)!

Kudos @ your ability to save - and I thought I'm a penny pincher :eek:. Your saving ability is a GREAT skill to have, so keep at it. I think "you're over it" because you don't reward yourself. How about setting a path eg. if I could save $300 a week for the next 6 months, I'll get myself a DS...