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THE WITZL
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Re: Housing - who can afford it? Mon, 16 May 2005 06:45 Go to previous messageGo to previous message
Interesting theories toooooobs. It seems very similar in nature to what smart (young) investers have been doing for ages, but far better controlled such that risks are minimised when multiple parties invest into said fund.

I like it. It gives young people like us the opportunity to really do something substantial with our incomes and build ourselves up to a point that makes buying a house on your own easy or part of your super investment plan.

- Using your 9% of income (super) as part of loan repayments
- Putting extra money in from your own pocket, to which the government is supposed to BACK up $ for $ (up to some amount)
- Building capitol with 5-10 other people, makes large investments easy.
- you could plan to retire at 40-45 with a decent plan and set goals!!

But what has me thinking is.... what happens when you want to buy a place of your own BEFORE you retire?
All your investment is locked up in this super trust, and you would still have to BORROW money again to buy the house... and it wouldnt be as good as you want cos you on your own cant afford it - your money is in the super trust remember, and is NOT liquid.
So could you live in your investment properties? Would you have to pay rent to the super trust as toobs suggested?

This is something to talk to an good accountant about. Im liking it up until the living in part Smile
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SubjectPosterDate
Read Message   Housing - who can afford it? soarerchicSat, 14 May 2005 11:55
Read Message   Re: Housing - who can afford it? BlackGT4Sat, 14 May 2005 12:10
Read Message   Re: Housing - who can afford it? riverSat, 14 May 2005 12:15
Read Message   Re: Housing - who can afford it? thechucksterSat, 14 May 2005 12:20
Read Message   Re: Housing - who can afford it? ConquestSat, 14 May 2005 14:34
Read Message   Re: Housing - who can afford it? jackelSat, 14 May 2005 21:33
Read Message   Re: Housing - who can afford it? ApolloSun, 15 May 2005 04:40
Read Message   Re: Housing - who can afford it? soarerchicSat, 14 May 2005 13:16
Read Message   Re: Housing - who can afford it? sleeker162Sat, 14 May 2005 13:50
Read Message   Re: Housing - who can afford it? ShrakaSat, 14 May 2005 14:32
Read Message   Re: Housing - who can afford it? JDM hachiSat, 14 May 2005 23:17
Read Message   Re: Housing - who can afford it? Cyber-punkSun, 15 May 2005 00:47
Read Message   Re: Housing - who can afford it? Corona RT142Sun, 15 May 2005 01:14
Read Message   Re: Housing - who can afford it? dravenSun, 15 May 2005 02:36
Read Message   Re: Housing - who can afford it? M.J.HSun, 15 May 2005 05:13
Read Message   Re: Housing - who can afford it? JDM hachiSun, 15 May 2005 05:51
Read Message   Re: Housing - who can afford it? soarerchicSun, 15 May 2005 10:59
Read Message   Re: Housing - who can afford it? soarerchicSun, 15 May 2005 11:00
Read Message   Re: Housing - who can afford it? dimmy77_03Sun, 15 May 2005 12:05
Read Message   Re: Housing - who can afford it? oldcorollasSun, 15 May 2005 15:22
Read Message   Re: Housing - who can afford it? soarerchicMon, 16 May 2005 01:35
Read Message   Re: Housing - who can afford it? oldcorollasMon, 16 May 2005 13:21
Read Message   Re: Housing - who can afford it? ToobsMon, 16 May 2005 03:22
Read Message   Re: Housing - who can afford it? thug_immortalMon, 16 May 2005 04:44
Read Message   Re: Housing - who can afford it? ToobsMon, 16 May 2005 06:13
Read Message   Re: Housing - who can afford it?  THE WITZLMon, 16 May 2005 06:45
Read Message   Re: Housing - who can afford it? ToobsMon, 16 May 2005 07:27
Read Message   Re: Housing - who can afford it? ConquestMon, 16 May 2005 07:44
Read Message   Re: Housing - who can afford it? ToobsMon, 16 May 2005 13:10
Read Message   Re: Housing - who can afford it? ConquestMon, 16 May 2005 13:51
Read Message   Re: Housing - who can afford it? ZZT231Mon, 16 May 2005 07:51
Read Message   Re: Housing - who can afford it? dimmy77_03Mon, 16 May 2005 09:13
Read Message   Re: Housing - who can afford it? Ko KoMon, 16 May 2005 12:54
Read Message   Re: Housing - who can afford it? ZZT231Mon, 16 May 2005 13:09
Read Message   Re: Housing - who can afford it? SupraPeteTue, 17 May 2005 03:18
Read Message   Re: Housing - who can afford it? Corona RT142Tue, 17 May 2005 03:26
Read Message   Re: Housing - who can afford it? Corona RT142Tue, 17 May 2005 03:30
Read Message   Re: Housing - who can afford it? SupraPeteTue, 17 May 2005 03:35
Read Message   Re: Housing - who can afford it? SupraPeteTue, 17 May 2005 03:36
Read Message   Re: Housing - who can afford it? ShrakaTue, 17 May 2005 03:36
Read Message   Re: Housing - who can afford it? ZZT231Tue, 17 May 2005 23:09
Read Message   Re: Housing - who can afford it? ShrakaFri, 20 May 2005 09:53
Read Message   Re: Housing - who can afford it? SupraPeteTue, 17 May 2005 03:38
Read Message   Re: Housing - who can afford it? Corona RT142Tue, 17 May 2005 03:39
Read Message   Re: Housing - who can afford it? lumpyTue, 17 May 2005 05:27
Read Message   Re: Housing - who can afford it? RibfeastTue, 17 May 2005 09:56
Read Message   Re: Housing - who can afford it? THE WITZLTue, 17 May 2005 11:15
Read Message   Re: Housing - who can afford it? thechucksterTue, 17 May 2005 11:24
Read Message   Re: Housing - who can afford it? Corona RT142Tue, 17 May 2005 23:15
Read Message   Re: Housing - who can afford it? soarerchicSun, 22 May 2005 11:17
Read Message   Re: Housing - who can afford it? thechucksterSun, 22 May 2005 11:34
Read Message   Re: Housing - who can afford it? soarerchicSun, 22 May 2005 11:38
Read Message   Re: Housing - who can afford it? thechucksterSun, 22 May 2005 12:09
Read Message   Re: Housing - who can afford it? soarerchicFri, 27 May 2005 07:18
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