On Wed, 02 Dec 2009 22:51:23 +0000, Jonthe Fly wrote:

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.

That is how the existing schemes work, the peeps at the top rort clean it
off and the plebs get very little.

The fundamental problem with superannuation is that unless it is invested
in something that is actually producing concrete goods, it is just
another bubble waiting to burst. Aus

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.

Join an industry fund where you do not pay commissions to brokers.

Owning a home in australia is a gamble, unless you have stable
government employement or are in a trade.


It would also make housing affordable by lowering housing costs.

Never, ever going to happen. Finite land, ballooning population and more
and more competition is going to come from "superannuation funds" buying
properties for the rental income.

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.

The trick is to buy a cheaper car, do not take os holidays, smaller Tv,
no bigpond/foxtwel and pay a little extra off the home loan each month.
BTDT twice.