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Ridiculous Australian house prices.

red750

By red750
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facthunter Grand Master

facthunter

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Always pay off what is not tax deductible first.. Its DEBT. They might be jealous of a new car too. You don't run around shouting "I've Paid MY house off". . Most of a house payment is INTEREST. . You pay down the capital OFF over many years..  so lots of Interest paid. Nev

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nomadpete
nomadpete

In that way, things have not changed all that much financially. When I was raising a family, I worked two jobs to keep ahead of the bills. Drove old cars (rings n bearings on Saturday  night, drive it

old man emu
old man emu

My son told me this week that he was not thinking of purchasing a house in the current economic climate. He said that it would be stupid to pay upwards of $1M for a postage stamp-sized block with a 2-

facthunter
facthunter

You are now considered  LUCKY for skimping and saving to pay your house off. WHAT BS!. I've only had ONE set of proper curtains  in my entire life. Most new cars I bought had to be sold early because

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