Meanwhile in Australia

User avatar
StCapps
Posts: 16879
Joined: Wed Nov 30, 2016 10:59 am
Location: Hamilton, Ontario

Re: Meanwhile in Australia

Post by StCapps » Sat Sep 18, 2021 8:26 am

Smitty-48 wrote:
Sat Sep 18, 2021 8:25 am
StCapps wrote:
Sat Sep 18, 2021 8:19 am
Smitty-48 wrote:
Sat Sep 18, 2021 8:11 am
don't do anything until you a) have seed money to play with, then b) have done your own research
haven't done the research

don't do anything it is

I'll stick to MMA gambling for now

I've done that research

and it's a proven cash cow for me
whatever you make on gambling, role that into the downpayment on a fully detached home

a savings account which you could live in for the rest of your days, is the first step on the ladder

if you have excess funds which you need to park somewhere, only then do you look at the equity markets

the first equity to acquire is the home, without that, you're a hobo forever
that's the plan

my brother did that

and that is paying off rather nicely
*yip*

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Meanwhile in Australia

Post by Smitty-48 » Sat Sep 18, 2021 8:27 am

StCapps wrote:
Sat Sep 18, 2021 8:26 am
Smitty-48 wrote:
Sat Sep 18, 2021 8:25 am
StCapps wrote:
Sat Sep 18, 2021 8:19 am
haven't done the research

don't do anything it is

I'll stick to MMA gambling for now

I've done that research

and it's a proven cash cow for me
whatever you make on gambling, role that into the downpayment on a fully detached home

a savings account which you could live in for the rest of your days, is the first step on the ladder

if you have excess funds which you need to park somewhere, only then do you look at the equity markets

the first equity to acquire is the home, without that, you're a hobo forever
that's the plan

my brother did that

and that is paying off rather nicely
bear in mind, Millennials are now getting into bidding wars just to rent an apartment

the fully detached savings account which you can live in, is the escape route from the Millennial trap
Nec Aspera Terrent

User avatar
Montegriffo
Posts: 18716
Joined: Wed Nov 30, 2016 7:14 am

Re: Meanwhile in Australia

Post by Montegriffo » Sat Sep 18, 2021 8:29 am

What's wrong with being a hobo?
Bloody snobs. :snooty:
For legal reasons, we are not threatening to destroy U.S. government property with our glorious medieval siege engine. But if we wanted to, we could. But we won’t. But we could.
Image

User avatar
StCapps
Posts: 16879
Joined: Wed Nov 30, 2016 10:59 am
Location: Hamilton, Ontario

Re: Meanwhile in Australia

Post by StCapps » Sat Sep 18, 2021 8:30 am

Montegriffo wrote:
Sat Sep 18, 2021 8:29 am
What's wrong with being a hobo?
Bloody snobs. :snooty:
house > van

house > apartment

it ain't rocket surgery bro

obvious upgrade is obvious
*yip*

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Meanwhile in Australia

Post by Smitty-48 » Sat Sep 18, 2021 8:32 am

StCapps wrote:
Sat Sep 18, 2021 8:30 am
Montegriffo wrote:
Sat Sep 18, 2021 8:29 am
What's wrong with being a hobo?
Bloody snobs. :snooty:
houses > vans

it ain't rocket surgery bro
persuant to that, start preparing to live much further out in the GTA

average fully detached home price in Hamilton is $894,000

that will leave you house poor

so start planning to live further out, past where I am, like Stratford, or Mount Forest
Nec Aspera Terrent

User avatar
Montegriffo
Posts: 18716
Joined: Wed Nov 30, 2016 7:14 am

Re: Meanwhile in Australia

Post by Montegriffo » Sat Sep 18, 2021 8:34 am

StCapps wrote:
Sat Sep 18, 2021 8:30 am
Montegriffo wrote:
Sat Sep 18, 2021 8:29 am
What's wrong with being a hobo?
Bloody snobs. :snooty:
houses > vans

houses > apartments

it ain't rocket surgery bro
Depends where the van's parked.
For legal reasons, we are not threatening to destroy U.S. government property with our glorious medieval siege engine. But if we wanted to, we could. But we won’t. But we could.
Image

User avatar
StCapps
Posts: 16879
Joined: Wed Nov 30, 2016 10:59 am
Location: Hamilton, Ontario

Re: Meanwhile in Australia

Post by StCapps » Sat Sep 18, 2021 8:35 am

Smitty-48 wrote:
Sat Sep 18, 2021 8:32 am
StCapps wrote:
Sat Sep 18, 2021 8:30 am
Montegriffo wrote:
Sat Sep 18, 2021 8:29 am
What's wrong with being a hobo?
Bloody snobs. :snooty:
houses > vans

it ain't rocket surgery bro
persuant to that, start preparing to live much further out in the GTA

average fully detached home price in Hamilton is $894,000

that will leave you house poor

so start planning to live further out, past where I am, like Stratford, or Mount Forest
yeah

getting out of Hamilton

and buying a house further out

is just a smart move
*yip*

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Meanwhile in Australia

Post by Smitty-48 » Sat Sep 18, 2021 8:41 am

StCapps wrote:
Sat Sep 18, 2021 8:35 am
Smitty-48 wrote:
Sat Sep 18, 2021 8:32 am
StCapps wrote:
Sat Sep 18, 2021 8:30 am
houses > vans

it ain't rocket surgery bro
persuant to that, start preparing to live much further out in the GTA

average fully detached home price in Hamilton is $894,000

that will leave you house poor

so start planning to live further out, past where I am, like Stratford, or Mount Forest
yeah

getting out of Hamilton

is just a smart move
I'm bullish on Mount Forest, it's just up the road from here

right now it is still the old Townies, it's a bit of a trailer park socially

but the location itself is spectacular, and it's commutable to the 401

it's not quite affluent right now, but it will be in the future

it's undervalued at $324,000 average home price right now
Nec Aspera Terrent

User avatar
SuburbanFarmer
Posts: 25249
Joined: Wed Nov 30, 2016 6:50 am
Location: Ohio

Re: Meanwhile in Australia

Post by SuburbanFarmer » Sat Sep 18, 2021 6:17 pm

Smitty-48 wrote:
Sat Sep 18, 2021 7:48 am
speaking of that, there could be some contagion coming from the Chinese real estate bubble imminently

so if you are in the stock market right now, go defensive, prepare to short

a correction is actually overdue, and this is correction season, so stay frosty
Image
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Meanwhile in Australia

Post by Smitty-48 » Sat Sep 18, 2021 6:21 pm

SuburbanFarmer wrote:
Sat Sep 18, 2021 6:17 pm
Smitty-48 wrote:
Sat Sep 18, 2021 7:48 am
speaking of that, there could be some contagion coming from the Chinese real estate bubble imminently

so if you are in the stock market right now, go defensive, prepare to short

a correction is actually overdue, and this is correction season, so stay frosty
Image
how is that a flip flop ?
Nec Aspera Terrent