quote:
Originally posted by Shrewd Crude
Quote:
quote:coge Posted - 19/01/2007 : 7:25:38 PM
For Gods' sake, Shrewd Crude, toughen up!
If I'm employing a professional, I want one who tells me what I can do, not what I can't do. The latter type gets the sack, cos they're no use to me. Concentrate on what you can do & take it from there. So what's your plan? Define your goals for us.
Coge- 1st of all, thankyou for showing interest on my outlook...
I study finance and economics at canterbury Uni.... I previously worked at a bank for 6 months... now working part time.... over the last two years I was able to get away investment equal to the total value of my student loan,(after a careful 2 year research and just watching stocks) and I have almost doubled it.. I'm looking at three more years in volitle stocks..I want 5 years work experience...I want to be a employer not an employee....
I can understand that many think property is god, and always will be...
I just cannot understand why other posters can't see it from the 1st homebuyers point of view... If you put aside the leverage, the past performance of housing, the benefits of rental savings... And look at it from my view, in that i'm looking at debt, to 52years of age... I get a larger asset, but I also pay debt equal to 2.4 times the value of the house... I'm tied down to paying the house off, and can't free the dough up for other opportunities.... My whole arguement has been that house prices are out of reach for the income that we earn to pay the loans off...
in 1976 my dad bought his first house for 16,000 his individual income was 5,000
.... house value is now at 350,000 income 40,000(max) 35k if your early 20's,
the more that these barriers get streached, the more people will choose to rent instead...
My barriers have been met at this stage...
Coge would you buy a house for 350k (average house price in NZ) if your income was 35k?.... im sure you would have to think about it... in 1976 there was nothing to think about!
[8D]
.^sc