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Did Beebop really say that, I mustn't have been paying attention. You know what my forecast is Beebop, your attitude is going to cost you ten wasted years of your life, plus however long it takes to to recover from any damage it causes. If I were you I wouldn't make any life setting decisions...

Yes and even when you flick the switch on, sometimes the dimmer is down :D

You've shown us a whole new way of thinking that we never thought was possible!

Trying is the first step towards failure! :D .

My God do we have a break through ?! You say you "Can't afford anywhere" and what ?! "thats the problem" !!!!! All along we all thought the problem was that no-one else could afford anywhere, because of greedy land owners, and pending disasters. The world's about to end...

Beebop I obviously have to say this once more with feeling. Its a given that many people cant afford all suburbs. As a suburb goes up in value some people cant afford it. But as land is released, subdivided and developed, land is made much more affordable for many people. Nothing new about that...

Beebop I think we are doing starter a disservice by focussing purely on his situation, which in any case is not the point but rather one illustration. But if you must refer to starters situation then you should be accurate. He did not specify how much he borrowed but the purchase price was...

Well I could make an arguement about your figures but that's beside the point. You obviously have a different point to make than the rest of us Beebop, so here is the point that I am making. People in Prahan, as well as right through the ACT, as well as mostly everywhere else, are buying in...

I don't know and I fail to see the relevance. The point here is the other people that are buying in that suburb can pay more, and are paying more, so they are not whittling away starter's investment by lowering prices. The average is only paying 20% of income and recent buyers are happily paying...

BTW Beebop "% of Mortgage Repayments to Total Household Income" in starters chosen suburb of Prahran is just 20%. Just thought you'd like to know. Oh and Praharan buyers paid 1.45% more this quarter than last, so presumably new buyers can afford to pay extra. I guess you could argue that...

starter well done and thanks for sharing your story.

They haven't been defaulting Beebop, that's my point, I use facts. Look if you want facts about the most recent buyers here is the best you're going to get. According to RPData quoted in this months YIP magazine, of the 84 ACT suburbs only 16 recorded negative quarterly growth (81% positive...

To you they're random numbers, to everyone else they show that people in the ACT can afford their repayments, including the people who bought in the last few months, who continue to pay "high prices", because they can afford it. And this says that Australians can afford their repayments...

"der"? What are you a teenager? No wonder you can't afford it. If you'd read my post beyong the first sentence you'd realise that I did address your arguement that those people had bought before the capital gains. And the fact is that people are paying near the asking price RIGHT NOW...

The figures show that other people living in YOUR area can afford the repayments on their mortgages. That is regardless of whether they've had capital gains since purchasing. Why would having capital gains make it any more or less affordable for them, their repayments will still be the same...

@Beebop, you wanted my survey of suburb affordability to be more comprehensive. Below are ALL postcodes in the ACT listed along with "% of Mortgage Repayments to Total Household Income Before Tax", the figures are forecast to 2011 from census data (from Here). It seems to me that people in...

Not 13 silly boy. 13 is merely the positive count out of a sample of 101. The positives in case you didn't bother to read it, were suburbs that recorded above 30% of income spent on repayments. You must be tired, it's past your bed time. How many of the posts that you've replied to in such a...

The fact that you're posting an article about Grantham as evidence for your view, AFTER I already gave evidence in this thread that Grantham's method is flawed, and his results show a horrible level of risk, shows to me that you pay very little attention to what people are actually saying. I...

bop, I think you miss the point of my post mate. I'm saying to everyone else here that you have hijacked a thread that is not about affordability for FHBers. We investors have gotten sidetracked into believing that your desperation is our peoblem, whereas in fact we don't/shouldn't care if...

Lies, Damn Lies & Statistics A RE agent who's into statistics told me this about averages, "If you put one hand into a bucket of boiling water, and the other into a bucket of iced water, according to the average you should be feeling just nice". A title we could do without: Brisbane...