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  1. kathryn d

    Investors keep first-timers out of market

    Sorry lizzie...I think your mum was keeping you in the dark. I'm way older than you (53) and we had these..well in Canada anyways.
  2. kathryn d

    Investors keep first-timers out of market

    Thank you. If I still worked at that factory, I would be making around 15.50 an hour.. (32k) It is still an average wage. Minimum wage there is $10.30 an hour In 1990 we sold that house and bought a larger one. We took our first ever mortgage for $45k My parents gave all us kids a...
  3. kathryn d

    Investors keep first-timers out of market

    Cimbon, Ok...I just thought everyone thought my husband and I earned $80k each. I stated clearly we made a combine $23k + any overtime in 1982. Minimum wage was $3.75 an hour, in our province, and we would be around the $5.50 hr mark. Our work weeks are based on 40 hrs.
  4. kathryn d

    Investors keep first-timers out of market

    This is post #269...I think everyone bypassed it? I searched yesterday and found examples of rentals to live in and a house to buy. On a google search, it stated $57K was an average Australian wage. Another google gave me how much tax to be deducted. Since Cimbon is in Canberra..I picked...
  5. kathryn d

    Investors keep first-timers out of market

    Here is how 2 median Australian paid workers can own a house in 7 years. The numbers aren't exact. $57k is considered median wage? I used Canberra for this example. $57k= $10,972 tax =46,028 x 2 people=92,056 net $75 food wk=$3900 $50 misc wk=$2600 $100 transport wk= $5200 granny...
  6. kathryn d

    Investors keep first-timers out of market

    Remember...our wages were average..not lower than average. We were about 40-50% above minimum wage. There were also 2 of us on this wage. People will always make excuses, as to why it can't be done. We also didn't start out with a house. We bought a mobile, and basically lived in for...
  7. kathryn d

    Investors keep first-timers out of market

    Thank you :)
  8. kathryn d

    Investors keep first-timers out of market

    We paid off our 52'x12' mobile home in 2 years. Paid $6500 for it and sold it for $7800. Also in this time period, we bought a piece of land and paid it off, which I think was $5600. We had to clear the land and put in a septic and well. I remember one week having $5 for groceries. Bills...
  9. kathryn d

    Investors keep first-timers out of market

    Great post lizzie. We had our house almost paid off by the time baby #1 came along. I went back to work for 1 year, working mostly opposite shifts to my (then) husband.It was hard, and we wanted me to be a SAHM. So we decided I would quit work. As someone said, by the time childcare costs...
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