On 3/12/2009 3:06 AM, terryc wrote:
On Wed, 02 Dec 2009 06:26:06 +0000, Jonthe Fly wrote:


Yeah we should all be renting...

If superannuation is to work, then yes.
Superannuation is like a horse race with only a percentage of punters
actually being able to get a full employment payout.
The unfortunate unstable employment ranks are ripped of all the way
through, by "administration costs" to support those with stable
government jobs to support their super.
Owning a home in australia is a gamble, unless you have stable
government employement or are in a trade.

It really helps if you buy within your means from the beginning. This
includes leaving room for interest rate increases. Naturally, have two
incomes reduces the risk.
Having an income and preventing people with two jobs, allows others to
work.
It would also make housing affordable by lowering housing costs.
The next problem is rip of banks who will through the life of a loan
charge two to three time's the cost of the home in "interest". I'd be
interested too.