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It'd be pretty stupid / naive to think someone would argue most people earn over 100k after uni. I simply said there are people who do. Subtle alterations to my statements can change its meanings enormously. You're not a journalist are you? Whether I was arguing is very subjective. I...

Hmm yea... can find the data again?

Too hard to find data on old stuff. But here's some articles. Average wage 1999 = 31,722 http://www.abcdiamond.com/australia/australian-median-wage/ Median Toorak price 1999 = 787k...

Be good to get the 1999 figure, as that was one significant boom.

Insightful As always

Hmm the point about wages vs prices is this. Prices tend to move faster than wages in these capitalist societies. Today the average salary's probably around 60k now. That average price in Toorak is, let's say $3m. In 1999, the average Toorak price was $750k (ie 1/4 of $3m). But average...

Well that wasn't me. But anyway I'm calling it quits tonight. Still got to make a living tomorrow unfortunately.

Well of course you buy within your means. But you sound like you have some financial background. If that's the case you can look at it another way. A theoratical way. High risk, high return. They took high risk. Didn't turn out well. Too bad. Nothing to feel sorry for because if they turned...

At that level (ie 1 house vs 2 houses), I would've thought the risk lies with things like structural faults etc. Insurance passes on the risk to a third party. That's the 'pooling effect' of insurance. Other than that, the riskiness of 1 Flemington house vs 2 Flemington houses is more or less...

Well ... he's just saying his opinion, that's all. It's like education. Going to certain schools yields better results than going to some other schools. I don't know what deehwa's view is but as I said, my view is just because reality is like that doesn't mean you should change your life to...

Well I don't know if that's a fair way to look at the optimal risk portfolio theory. Sure, the one house has more unsystematic risk. But it's probably more to do with the structural integrity of the house and similar issues. I would've thought it's still too similar a class of investment...

Yep that's true too, I completely agree.

Perfect. Point vidicated. To revert back to earlier discussion, people out of uni do not make big money. Thanks for your help pickle.

Well... put it this way, good on them if that's what they have. But you know it's not that special, that's all it is. If it takes say 15 years to accumulate that, well that's more or less the same as the salaryman with a paid-off mortgage in Cantebury, whose house is worth around the same...

Really it's not about boasting rights. It's just about quality of living, though I must admit boasting rights add to that. You're talking about investing here. I'm talking about quality of life and consummerism. Oh and I use the word quality loosely so don't take offense like some here who...

Relevance? But if you must, let me have a shot. I would measure success on the relative impact on people's lives. And on JIT's point, I wouldn't consider 100k 'big bucks' But that probably has more to do with your personal expectations. It's like that thread about desirable places to...

Some do, didn't you know? But most don't. Again, didn't you know? Gee I have to explain things everytime... patience, patience** Not everyone's seen as much as some people.

LOL! Settle down. I was talking about people who just come out of uni, which is what the poster I quoted was talking about. Btw, are you young and hip people that poster was referring to? Not 25+ yea?

That they don't actually make big bucks.

Haha if only you knew