Australian Politics Forum - Not all boats lift by rising tide. Some go under

Svengali

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Not all boats lift by rising tide. Some go under
May 5^th, 2015 at 10:13pm

Here is one young woman with a $300,000 mortgage living on the edge. Owning a home is not for everyone.

http://www.smh.com.au/business/meet-the-rich-and-poor-of-generation-y-20150505-g...

Quote:

Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.

The 27-year-old has more than $20,000 owning on credit cards and less than $2000 in the bank. And she blames her woes on a single decision she made six years ago.

"I got in [to the Brisbane property market] by myself at the age of 21. Biggest regret and mistake of my life," she says. "I've spent my 20s slaving away for a mortgage on a place that hasn't gone up in value and missed out on so many experiences, like living overseas."

With more than $300,000 in mortgage debt to add to her woes, Just places herself firmly among the have-nots of her generation, aged 18-29.

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We first fought the heathens in the name of religion, then Communism, and now in the name of drugs and terrorism. Our excuses for global domination always change.
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mothra Gold Member Offline Australian Politics Posts: 36398 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #1 - May 5^th, 2015 at 10:16pm It's becoming an age in which kids are going to have to live at home until they're 30 then move out just in time to have their aged parents move in with them. Ahh well, keep it in the family i suppose.
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rhino

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Re: Not all boats lift by rising tide. Some go under
Reply #2 - May 5^th, 2015 at 10:39pm

Svengali wrote on May 5^th, 2015 at 10:13pm:

Here is one young woman with a $300,000 mortgage living on the edge. Owning a home is not for everyone.

http://www.smh.com.au/business/meet-the-rich-and-poor-of-generation-y-20150505-g...

Quote:

Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.

The 27-year-old has more than $20,000 owning on credit cards and less than $2000 in the bank. And she blames her woes on a single decision she made six years ago.

"I got in [to the Brisbane property market] by myself at the age of 21. Biggest regret and mistake of my life," she says. "I've spent my 20s slaving away for a mortgage on a place that hasn't gone up in value and missed out on so many experiences, like living overseas."

With more than $300,000 in mortgage debt to add to her woes, Just places herself firmly among the have-nots of her generation, aged 18-29.

yeah, nothing to do with the $20,000 credit card bill at 27 percent interest. Its the house mortgage she should not have gone into, after all big screen tvs and designer clothes are much more important than a mortgage and a place to live for the rest of your life.. Roll Eyes

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Svengali

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Re: Not all boats lift by rising tide. Some go under
Reply #3 - May 5^th, 2015 at 10:42pm

rhino wrote on May 5^th, 2015 at 10:39pm:

Svengali wrote on May 5^th, 2015 at 10:13pm:

Here is one young woman with a $300,000 mortgage living on the edge. Owning a home is not for everyone.

http://www.smh.com.au/business/meet-the-rich-and-poor-of-generation-y-20150505-g...

Quote:

Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.

The 27-year-old has more than $20,000 owning on credit cards and less than $2000 in the bank. And she blames her woes on a single decision she made six years ago.

"I got in [to the Brisbane property market] by myself at the age of 21. Biggest regret and mistake of my life," she says. "I've spent my 20s slaving away for a mortgage on a place that hasn't gone up in value and missed out on so many experiences, like living overseas."

With more than $300,000 in mortgage debt to add to her woes, Just places herself firmly among the have-nots of her generation, aged 18-29.

yeah, nothing to do with the $20,000 credit card bill at 27 percent interest. Its the house mortgage she should not have gone into, after all big screen tvs and designer clothes are much more important than a mortgage and a place to live for the rest of your life.. Roll Eyes

The Rhino life philosophy. Scrimp and save and deprive yourself of luxuries for 40 years so you can own a house.

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We first fought the heathens in the name of religion, then Communism, and now in the name of drugs and terrorism. Our excuses for global domination always change.
Serj Tankian

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mothra

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Re: Not all boats lift by rising tide. Some go under
Reply #4 - May 5^th, 2015 at 10:45pm

rhino wrote on May 5^th, 2015 at 10:39pm:

Svengali wrote on May 5^th, 2015 at 10:13pm:

Here is one young woman with a $300,000 mortgage living on the edge. Owning a home is not for everyone.

http://www.smh.com.au/business/meet-the-rich-and-poor-of-generation-y-20150505-g...

Quote:

Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.

The 27-year-old has more than $20,000 owning on credit cards and less than $2000 in the bank. And she blames her woes on a single decision she made six years ago.

"I got in [to the Brisbane property market] by myself at the age of 21. Biggest regret and mistake of my life," she says. "I've spent my 20s slaving away for a mortgage on a place that hasn't gone up in value and missed out on so many experiences, like living overseas."

With more than $300,000 in mortgage debt to add to her woes, Just places herself firmly among the have-nots of her generation, aged 18-29.

yeah, nothing to do with the $20,000 credit card bill at 27 percent interest. Its the house mortgage she should not have gone into, after all big screen tvs and designer clothes are much more important than a mortgage and a place to live for the rest of your life.. Roll Eyes

How could you possibly know what she spends her money on or how she racked up debt on her card?

.. or what her interest rate is for that matter.

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If you can't be a good example, you have to be a horrible warning.

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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #5 - May 5^th, 2015 at 10:46pm yawn Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.
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mothra Gold Member Offline Australian Politics Posts: 36398 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #6 - May 5^th, 2015 at 10:48pm That's not an answer as to how you know what she spends her money on or what has contributed to her debt. How on earth did you think it was?
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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #7 - May 5^th, 2015 at 10:51pm I will leave you to work out what the opposite of fiscally conservative is.
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mothra

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Re: Not all boats lift by rising tide. Some go under
Reply #8 - May 5^th, 2015 at 10:54pm

rhino wrote on May 5^th, 2015 at 10:51pm:

I will leave you to work out what the opposite of fiscally conservative is.

How do you know her credit card debt isn't from trying to make ends meet? Or to make mortgage repayments?

You're the one talking about big screen tvs. Go on, justify it. How do you know?

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If you can't be a good example, you have to be a horrible warning.

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mothra Gold Member Offline Australian Politics Posts: 36398 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #9 - May 5^th, 2015 at 10:55pm .. and designer clothes mind you.
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rhino

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Re: Not all boats lift by rising tide. Some go under
Reply #10 - May 5^th, 2015 at 10:58pm

Svengali wrote on May 5^th, 2015 at 10:42pm:

rhino wrote on May 5^th, 2015 at 10:39pm:

Svengali wrote on May 5^th, 2015 at 10:13pm:

Here is one young woman with a $300,000 mortgage living on the edge. Owning a home is not for everyone.

http://www.smh.com.au/business/meet-the-rich-and-poor-of-generation-y-20150505-g...

Quote:

Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.

The 27-year-old has more than $20,000 owning on credit cards and less than $2000 in the bank. And she blames her woes on a single decision she made six years ago.

"I got in [to the Brisbane property market] by myself at the age of 21. Biggest regret and mistake of my life," she says. "I've spent my 20s slaving away for a mortgage on a place that hasn't gone up in value and missed out on so many experiences, like living overseas."

With more than $300,000 in mortgage debt to add to her woes, Just places herself firmly among the have-nots of her generation, aged 18-29.

yeah, nothing to do with the $20,000 credit card bill at 27 percent interest. Its the house mortgage she should not have gone into, after all big screen tvs and designer clothes are much more important than a mortgage and a place to live for the rest of your life.. Roll Eyes

The Rhino life philosophy. Scrimp and save and deprive yourself of luxuries for 40 years so you can own a house.

If you have to, sick of whingers. Home ownership isnt a "right". work hard and sacrifice , you get somewhere. This hasnt changed, home ownership is as affordable as it was 25 years ago, the difference is expectations and work ethics.

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mothra

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Re: Not all boats lift by rising tide. Some go under
Reply #11 - May 5^th, 2015 at 11:07pm

rhino wrote on May 5^th, 2015 at 10:58pm:

Svengali wrote on May 5^th, 2015 at 10:42pm:

rhino wrote on May 5^th, 2015 at 10:39pm:

Svengali wrote on May 5^th, 2015 at 10:13pm:

Here is one young woman with a $300,000 mortgage living on the edge. Owning a home is not for everyone.

http://www.smh.com.au/business/meet-the-rich-and-poor-of-generation-y-20150505-g...

Quote:

Most members of Generation Y are 'fiscally conservative' and have more money than debt, a new study has found - but Alexandra Just is not of their number.

The 27-year-old has more than $20,000 owning on credit cards and less than $2000 in the bank. And she blames her woes on a single decision she made six years ago.

"I got in [to the Brisbane property market] by myself at the age of 21. Biggest regret and mistake of my life," she says. "I've spent my 20s slaving away for a mortgage on a place that hasn't gone up in value and missed out on so many experiences, like living overseas."

With more than $300,000 in mortgage debt to add to her woes, Just places herself firmly among the have-nots of her generation, aged 18-29.

yeah, nothing to do with the $20,000 credit card bill at 27 percent interest. Its the house mortgage she should not have gone into, after all big screen tvs and designer clothes are much more important than a mortgage and a place to live for the rest of your life.. Roll Eyes

The Rhino life philosophy. Scrimp and save and deprive yourself of luxuries for 40 years so you can own a house.

If you have to, sick of whingers. Home ownership isnt a "right". work hard and sacrifice , you get somewhere. This hasnt changed, home ownership is as affordable as it was 25 years ago, the difference is expectations and work ethics.

Home ownership is more expensive than it was 10 years ago let alone 25. What are you smoking?

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If you can't be a good example, you have to be a horrible warning.

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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #12 - May 5^th, 2015 at 11:08pm rubbish. actually cheaper.
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mothra Gold Member Offline Australian Politics Posts: 36398 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #13 - May 5^th, 2015 at 11:10pm You can't honestly believe that.
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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: Not all boats lift by rising tide. Some go under Reply #14 - May 5^th, 2015 at 11:45pm 2 percent interest rate. Lowest in history.
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