Thats incorrect. In Sydney, there reaches a plateau in prices high end houses with high end suburbs.
Agreed.
Curious... where is your ideal house and suburb China? Got a pic of a place that would meet your satisfaction?
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Thats incorrect. In Sydney, there reaches a plateau in prices high end houses with high end suburbs.
Agreed.
Curious... where is your ideal house and suburb China? Got a pic of a place that would meet your satisfaction?
Me, I tend to live very frugally as I am saving for retirement. This means that I tend to have a modest PPOR. But if I hit the jackpot, I would like something with access to the water, sweeping views of Sydney Harbour, modern and close to the city. With high end houses, there isn't much difference between a 20m or 30m house. Whereas, there is a sharp difference between a 5m and 2m house.
You're probably referring to the retiree teacher who has lived in their Hawthorn home on one acre since 1930.The only problem with expensive PPOR is that you cannot really access it to buy cars, flights to Europe and groceries without incurring significant interest costs. So if a person's net worth is all tied up in their 5mil PPOR and there were no other assets nor income, their lifestyle would be significantly impaired. In fact, they would qualify for the age pension. Selling to downgrade to a 2mil ppor to free up funds for living would mean immediate downgrade of lifesyle.
Oh ... and bought a new puppy last week from rescuepet ...
Well done lizzie, im sure that sooky lil guy will give you more enjoyment than anything else in the world!
Good on you for getting the car you want - and under a novated lease then it doesn't cost much more ... although we went off novated after a few years and worked out it was cheaper to just buy with cash and hold.
Personally a car is a means to get from A to B and nothing more (although I do like to do it in moderate comfort and reliability) ... but I didn't hesitate to buy a new rug I liked yesterday - although it was marked down by 70% in a sale ... and bought a horse float the other week - although was worth around $5 and we managed to score it for $2k ... and we don't hesitate to now head out to dinner once a month where a posh restaurant has "locals night" on Sundays for half price ... to me, financial freedom means being able to take advantage of opportunities when they arise without having to think about it.
Oh ... and bought a new puppy last week from rescuepet ...
I've just bought my first "nice car". Audi a4 avant. Sat here thinking it over for weeks. Should I shan't I ? Then decided its now or never! At what time in our lives do we decide to go for the little luxury s ? What's the point in all this investing and saving if we're going to get to 70 years old and finally discover we can now afford to get that soft top Merc or the boat or whatever? Will we be too old to appreciate them?
I managed to salary package it. I could have gone for the new falcon or such like but thought what the hell! It's not going to hinder my investing in the near future too much so I went for it.
I think there might be a few better options than the Novated lease system out there but at the moment this suits me.
So! At what point do we say its time to cash in a bit?
I would rather spend money on a nice bottle of wine than something that tastes like vinegar,
Hmmm - and on the subject of Corolla Hatchback (the other thread) ... the wine sales are starting in our neck of the woods so thought I'd start restocking the wine cellar.
Average $5.50/bottle and tastes blimin' good too! Glad we can financially afford to take advantage - and hence drink the good stuff for 1/4 (or less) of the normal price
T
The poverty mentality is really a disease, penny pinching, I can't stand being around people like this, who needs it, don't shoot me
I would rather spend money on a nice bottle of wine than something that tastes like vinegar, or a good cut of steak than something that tastes like cardboard.
MTR
Hmmm - and on the subject of Corolla Hatchback (the other thread) ... the wine sales are starting in our neck of the woods so thought I'd start restocking the wine cellar.
Average $5.50/bottle and tastes blimin' good too! Glad we can financially afford to take advantage - and hence drink the good stuff for 1/4 (or less) of the normal price
Hmmm - and on the subject of Corolla Hatchback (the other thread) ... the wine sales are starting in our neck of the woods so thought I'd start restocking the wine cellar.
Average $5.50/bottle and tastes blimin' good too! Glad we can financially afford to take advantage - and hence drink the good stuff for 1/4 (or less) of the normal price