Who Wants To Be A Mortgagee?
Housing in capital cities is too expensive for cops, nurses and teachers.
So obviously the cities should become upper-middle-class havens where everyone pays for private security firms, private schools and private hospitals, the employees of which all also are part of upper-middle-class households. Even the cleaners.
All households earning under $100,000 can rent units in the Latrobe Valley or farmhouses for $1, and gaze forlornly at each other whilst providing childcare, healthcare and public order to their fellow I-can't-believe-$99,000-won't-get-us-an-average-suburban-home plebs.
We'll have capital cities the size of Toorak where all the nation's important business such are share trading and corporate law is undertaken in luxury, and flood the dwindling rural towns with shell-shocked essential service workers.
I live in this bubble of hope in which I imagine T's projected income circa 2013 and me returning to work three days a week is going to get us a mortgage, perhaps even where Zone 1 meets Zone 2. Sure, it'll be further north and much further west than I'd prefer, but we'll find a house to turn into our home! I've even been wondering this week if I could build up Cravings Frocks over the next four years to bring in as much income as working outside the home 20 hours a week.
Ha!
Maybe we'll move to Violettown and T can commute in to the Big Smoke of Broady.
I'm glad the extensive first home buyer grants are over. Browsing Domain over the last month there's not a property in our imaginary price range that isn't emblazoned with the words, "Take advantage of the first home buyers' grant!" It's usually followed by a description of a 2.5br villa unit for $300,000.
When you give all first home buyers a free $14,000 to $28,000, lower-end house prices inevitably inflate by $14,000 to $28,000. Yes, I'll gladly take whatever the grant is in four to six years' time. Until then I'll embrace the much more sober and sustainable First Home Saver Account scheme and get my deposit the hard way - scrimmaging for several years - with the added bonus of juicy interest and government contributions.
It reminds me of the spruikers promoting KMart's big toy sale this week. They'll happily explain to every person entering the store the six months interest free layby plans. On the one hand, it might lead people to buy more than they planned to - plus, even if you do all Christmas shopping in July it's hard to resist picking up some last-minute bargains the week before Christmas. But the larger picture is these extended layby plans help thousands of young families avoid credit card debt. They have the option of allocating money from the next six months' pay packets to Christmas, already knowing exactly how much Christmas will cost this year.
Of course they might not plan ahead and wind up dashing in the week before Christmas with credit cards in hand to pay off their purchase, but you can't coddle every parent in the country. The fact the option is available pleases me. T tells me layby doesn't exist in the UK, so I'm grateful we've got it.
So obviously the cities should become upper-middle-class havens where everyone pays for private security firms, private schools and private hospitals, the employees of which all also are part of upper-middle-class households. Even the cleaners.
All households earning under $100,000 can rent units in the Latrobe Valley or farmhouses for $1, and gaze forlornly at each other whilst providing childcare, healthcare and public order to their fellow I-can't-believe-$99,000-won't-get-us-an-average-suburban-home plebs.
We'll have capital cities the size of Toorak where all the nation's important business such are share trading and corporate law is undertaken in luxury, and flood the dwindling rural towns with shell-shocked essential service workers.
I live in this bubble of hope in which I imagine T's projected income circa 2013 and me returning to work three days a week is going to get us a mortgage, perhaps even where Zone 1 meets Zone 2. Sure, it'll be further north and much further west than I'd prefer, but we'll find a house to turn into our home! I've even been wondering this week if I could build up Cravings Frocks over the next four years to bring in as much income as working outside the home 20 hours a week.
Ha!
Maybe we'll move to Violettown and T can commute in to the Big Smoke of Broady.
I'm glad the extensive first home buyer grants are over. Browsing Domain over the last month there's not a property in our imaginary price range that isn't emblazoned with the words, "Take advantage of the first home buyers' grant!" It's usually followed by a description of a 2.5br villa unit for $300,000.
When you give all first home buyers a free $14,000 to $28,000, lower-end house prices inevitably inflate by $14,000 to $28,000. Yes, I'll gladly take whatever the grant is in four to six years' time. Until then I'll embrace the much more sober and sustainable First Home Saver Account scheme and get my deposit the hard way - scrimmaging for several years - with the added bonus of juicy interest and government contributions.
It reminds me of the spruikers promoting KMart's big toy sale this week. They'll happily explain to every person entering the store the six months interest free layby plans. On the one hand, it might lead people to buy more than they planned to - plus, even if you do all Christmas shopping in July it's hard to resist picking up some last-minute bargains the week before Christmas. But the larger picture is these extended layby plans help thousands of young families avoid credit card debt. They have the option of allocating money from the next six months' pay packets to Christmas, already knowing exactly how much Christmas will cost this year.
Of course they might not plan ahead and wind up dashing in the week before Christmas with credit cards in hand to pay off their purchase, but you can't coddle every parent in the country. The fact the option is available pleases me. T tells me layby doesn't exist in the UK, so I'm grateful we've got it.