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I have just seen this all unfold with our son and his first mortgage. He has made choices that I would not make, but is making ends meet. Without the new car, expensive iPhone etc, he would have more money, no doubt. His choice. EDIT: Whilst I don't disagree with some of what you are saying...

I don't think he was asking you, but interesting to hear your thoughts anyway :rolleyes:. Isn't it you on another thread seemingly asking how to be a bit sneaky with self-managing? Will that be helping house prices? Will you accept some blame in making house prices "bubble"?

Why did the ban only last a week :D? Send him on his way..... off with his head :D.

Beebop, you really have no idea. It is fun though. I am enjoying this, but I do really want to give you a good slapping. Yep, everybody should wait until they are 45 and can REALLY afford the plasma AND the babies. Shame your parents didn't wait. You would not be here.

Assuming your year of your first job, you must be about 25. That probably means your parents are in their 40's which could make your grandparents baby boomers. If your grandparents were indeed handed everything on a plate, then they are the ONLY baby boomers I have EVER heard of who didn't have...

Please tell us your parents' ages. This is another load of rubbish. My parents drank beer, went to concerts, had pre-marital sex and worked at Coles.... yeah right!! Oh, that's right, Dad's second job was at Coles to keep the bessa block garage heated for the three littlies. Go away...

Another load of ABSOLUTE bollocks. You obviously don't know any baby boomers. I could tell you stories of my parents having to live in a bessa block garage with three children in the back yard of dad's brother's house, but I don't think I'll bother. Then when they bought their first crappy...

FFS Beebop, we might have bought the bloody place for 1/10 of the price, but we were earning 1/10 of the income. It was just as hard for us.

HELLOOOOO!!!! I would think that most people on this forum, and everywhere else had a similar budget when they first bought their first home. I certainly did. It isn't until my income increased that things got better, and then I married, and there were two incomes. Of course, then we had...

Why oh why would you use an internet loan calculator, which I assume is what you have done. My son used one of those and his loan amount was piddling. Maybe you need to see a broker?

ONLY because I used his example to help someone on another thread, and YOU keep wanting to challenge his choices. Stop banging on about it, and let it rest and you won't have to keep reading about him. Does his having the balls to buy threaten you????

Beebop..... I'll say it AGAIN, and SLOWLY..... maybe you will understand this time :rolleyes: Our son had no "deposit" to show the bank because he had been paying off a car loan at hundreds per week more than required. We know that is why he didn't have a deposit. DO YOU UNDERSTAND???? Can...

He understands all this, we have discussed it. If we all counted the tens of thousands of dollars we have lost through various choices, buying instead of renting, staying at home with the children, etc we would go mad, no? I believe if he outgrows it, he will keep it as an IP and use his...

I take all your points on board, but I am not "encouraging" people that buying property is the way to go. Those who want to buy, like my son, but who are fearful just need to see the figures on someone who has only just bought, in an apparently weak market. Son bought in November and moved in...

Hi Cupcakes. I'm not sure where you live, and I'm not sure who is talking about buying a "one beddy" as Beebop is rabbiting on about. You were not here when I posted about our son, who at 22 bought a two bedroom unit with balcony in Greenslopes, four minute drive from the city, for $292K. For...