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Haha, if it makes you feel any better, I know one who is 64 with a huge chip on her shoulder as well as a victim mentality. Always on Facebook telling the world of her woes. Has been evicted many times for non payment of rent, yet has bought a brand new Harley Davidson as well as four pairs of...

Haha, OK then. I was thinking that you had to pay it back. I wasn't thinking about the part when others got married, because we all do that anyway, that's why I was confused.

I'm not having a dig here, just curious. Why do you need to pay it back. It was a gift wasn't it? In lieu of a present. Or am I missing something?

It is easier to 'get into the market' these days due to the abundance of 95% loans available and a FHOG. Back then you had to have 20% deposit, even if you could prove that you had the ability to make the payments on a higher lend, and you had to show it had come from savings, not as a...

I know, right?:rolleyes:

I know Sanj, and I apologise. I did say that it was hard then, same as it's hard now. It just set me off when I was told that it WASN'T hard. Unless someone has walked the walk of those that were purchasing at that point in time, they don't know what they are talking about. Like I said...

So.....you paid off a home while paying 17.5% interest rates, did you? No?......Well then you've got absolutely NO IDEA of what things were like back then.:rolleyes:

No barrow, just plain sick of people crying about it being so hard. YES, IT IS HARD! It is hard now, it was hard then. And as for the travel to the city, well, if my Husband can do it, and my neighbour can do it, and many other people I know can do it, what on earth makes you think that you...

I'll just add a few things here. No, that would be silly, but I CAN tell them to buy on the outskirts and commute. I know plenty that have realistic expectations and do this. Obviously you weren't paying for the phone 30 years ago. Believe it or not, it is actually much cheaper. I...

Really? Sorry, you are showing just how na?ve you are with this comment. Pinched this quote from another thread. As you can see, I'm not the only one sprouting this. It is what it is. Call it a correction, or call it a slump. Whatever you want to call it, it happens, & like I said...

And for around the last........fill in the blanks, because it's different in different markets, housing prices were stagnant. You need to understand the cycles. Home prices do not work on CPI, and they do not move upwards in a straight line. Often, people start buying into a market when...

Sadly Redom, you appear to be the second type, as noted in my post above. Congratulations Tyla, you are obviously the same calibre of the investors I met at the meetup. You will do very well for yourself.

I think it depends at what time in the property cycle you bought into, as well as the area. When I was looking for my first home, they were almost three times the average wage, and that wasn't in a desirable area. Mine was in the outer suburbs of Wollongong. I could have got a nicer home...

No, it won't be because that area is most probably not in the outer suburbs anymore. BUT there's other estates with established homes in most capitals that FHO's CAN afford. Also, when I bought my first home, it was a LOT more than 1 x average single wage, and it was the crappiest house in...

Actually, there are a lot of very young investors on here at the moment, and they're not the sooky whinging kind. There's a whole heap of them that are buying multiple properties and doing very well for themselves. At the recent Sydney meetup I was very surprised. I felt like I was old enough...