Not sure if you meant interest + repayment, but $600 a week in repayments = buying a $800k property or so. Won't be renting that for $200.
The great Oz property crash of 2005.
- Thread starter InnerWestie
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Not sure if you meant interest + repayment, but $600 a week in repayments = buying a $800k property or so. Won't be renting that for $200.
Not sure for you, but when I was around 21 and earning 6-figures, I'd save around $2k a week?
'maby' you do...
i'm not a 40 year old - i only graduated from uni in 2001. vastly more intelligent? - i was the top graduating student in banking and finance 1st class honours in year 2000 - got degrees in accounting, finance, marketing and IT and errr a certificate in interior design and carpentry.... Was recruited in an internship with an global investment bank out of 5000 applicants across australia and have have worked for multinational companies ever since. 6 figures big deal - that's an old story. how about you?
well 6 figures range from 100k-999k
wow - and just think where you'd be asset-wise if you'd bought a couple more little units before 2003 ... and then again in 2009 during the "recession".
i don't "get" the mentality of this whinging younger generation. i am not that old (an x-er) but "way back when" you just decided to buy a house and did whatever you needed to do to buy one that you could afford, wherever it was located within bus distance of work. my first house was a very little 3/1/1 on the side of an unlandscaped cliff in the outer burbs. no carpet, no curtains, cheap kitchen - and then laboured every weekend for years to bring it up to something we found pleasant to live in.
it never crossed our minds to lust after something we couldn't afford and then whinge to all and sundry about unaffordability.
came across this little quote this morning and just had to post it:
Breaking News:. The Pity Train has just derailed at the intersection of Suck It Up & Move On, and crashed into We All Have Problems, before coming to a complete stop at Get the Heck Over It. Any complaints about how we operate, can be forwarded to 0800-waa-waa with Dr. Snivill. Reporting LIVE from Quitchur Bitchin'
His 6 figures could be 100,001 per year
True... I guess if it's $100k you can't.
Yea, well, when people say 6 figures you normally don't think of barely 6 figures I guess.
i actually did.
agree with you - i know like young dudes who are racking in past 500K that's why not sure why he's boasting so much
ive got my economics degree honors, starting my masters in eco, done the whole internship with big multinationals selection process yada yada, now work for probably the largest private fund in Australia (no investor cash)... we are not special by doing this, it is quite common among young people
I wouldn't base intelligence on this at all
Well said Deltaberry, I couldn't agree more.
There seems to be a lot of type casting into generations particularly in this thread, but guess what? We're NOT all the same.
Hey well said. I used to think like him too when I was 20. These days I just put my head down. I probably have a similar background to you and made more than him at 21, not to mention time value of money... but in hindsight it was so silly to think anything of it. Exchanging time for money in a non-scalable way.
Fair call - besides i reckon you've got the most potential among many others aged 20-30 after hearing a bit of your background.
another economist?
Yea, though I do agree most are like that and it's probably a fair call. However, not all are like that.
Well I wouldn't too, if that's all there was to it.
the you've done well (i assume). so what's the problem?
