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lumpy Forums Junkie Location: Adelaide, SA Registered: May 2002	Re: Housing - who can afford it? Tue, 17 May 2005 05:27 You could just go the lumpy way and buy a little "character home" in Prospect and then spend the next few months fixing salt damp, re-wiring, re-plumbing, re-flooring, re-painting etc etc and still not be living in it because every time you touch something it falls apart! Keep in mind that whatever you buy you need to afford the repayments and also have some money spare to fix it up, pay the bills etc. Don't spend your max limit on the house. Strata fees aren't so bad, it shares the costs if something major f**ks up and if you have a reasonable group then you're set. Check the strata info before buying a place though, often owners sell when there is a major expenses (levy) on the way. I can't see interest rates rising too high (like early nineties) because a lot of people are leveraged pretty high on their loan and a small rate increase makes a big difference to the economy. The chuckster has a great idea, my mates brother and two firends are doing this - buying houses between them, fixing them up, renting them out and buying another one. They've figured by the end of it they'll each have a house of their own. [Report message to a moderator]

	Subject	Poster	Date
	Housing - who can afford it?	soarerchic	Sat, 14 May 2005 11:55
	Re: Housing - who can afford it?	BlackGT4	Sat, 14 May 2005 12:10
	Re: Housing - who can afford it?	river	Sat, 14 May 2005 12:15
	Re: Housing - who can afford it?	thechuckster	Sat, 14 May 2005 12:20
	Re: Housing - who can afford it?	Conquest	Sat, 14 May 2005 14:34
	Re: Housing - who can afford it?	jackel	Sat, 14 May 2005 21:33
	Re: Housing - who can afford it?	Apollo	Sun, 15 May 2005 04:40
	Re: Housing - who can afford it?	soarerchic	Sat, 14 May 2005 13:16
	Re: Housing - who can afford it?	sleeker162	Sat, 14 May 2005 13:50
	Re: Housing - who can afford it?	Shraka	Sat, 14 May 2005 14:32
	Re: Housing - who can afford it?	JDM hachi	Sat, 14 May 2005 23:17
	Re: Housing - who can afford it?	Cyber-punk	Sun, 15 May 2005 00:47
	Re: Housing - who can afford it?	Corona RT142	Sun, 15 May 2005 01:14
	Re: Housing - who can afford it?	draven	Sun, 15 May 2005 02:36
	Re: Housing - who can afford it?	M.J.H	Sun, 15 May 2005 05:13
	Re: Housing - who can afford it?	JDM hachi	Sun, 15 May 2005 05:51
	Re: Housing - who can afford it?	soarerchic	Sun, 15 May 2005 10:59
	Re: Housing - who can afford it?	soarerchic	Sun, 15 May 2005 11:00
	Re: Housing - who can afford it?	dimmy77_03	Sun, 15 May 2005 12:05
	Re: Housing - who can afford it?	oldcorollas	Sun, 15 May 2005 15:22
	Re: Housing - who can afford it?	soarerchic	Mon, 16 May 2005 01:35
	Re: Housing - who can afford it?	oldcorollas	Mon, 16 May 2005 13:21
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 03:22
	Re: Housing - who can afford it?	thug_immortal	Mon, 16 May 2005 04:44
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 06:13
	Re: Housing - who can afford it?	THE WITZL	Mon, 16 May 2005 06:45
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 07:27
	Re: Housing - who can afford it?	Conquest	Mon, 16 May 2005 07:44
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 13:10
	Re: Housing - who can afford it?	Conquest	Mon, 16 May 2005 13:51
	Re: Housing - who can afford it?	ZZT231	Mon, 16 May 2005 07:51
	Re: Housing - who can afford it?	dimmy77_03	Mon, 16 May 2005 09:13
	Re: Housing - who can afford it?	Ko Ko	Mon, 16 May 2005 12:54
	Re: Housing - who can afford it?	ZZT231	Mon, 16 May 2005 13:09
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:18
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 03:26
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 03:30
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:35
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:36
	Re: Housing - who can afford it?	Shraka	Tue, 17 May 2005 03:36
	Re: Housing - who can afford it?	ZZT231	Tue, 17 May 2005 23:09
	Re: Housing - who can afford it?	Shraka	Fri, 20 May 2005 09:53
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:38
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 03:39
	Re: Housing - who can afford it?	lumpy	Tue, 17 May 2005 05:27
	Re: Housing - who can afford it?	Ribfeast	Tue, 17 May 2005 09:56
	Re: Housing - who can afford it?	THE WITZL	Tue, 17 May 2005 11:15
	Re: Housing - who can afford it?	thechuckster	Tue, 17 May 2005 11:24
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 23:15
	Re: Housing - who can afford it?	soarerchic	Sun, 22 May 2005 11:17
	Re: Housing - who can afford it?	thechuckster	Sun, 22 May 2005 11:34
	Re: Housing - who can afford it?	soarerchic	Sun, 22 May 2005 11:38
	Re: Housing - who can afford it?	thechuckster	Sun, 22 May 2005 12:09
	Re: Housing - who can afford it?	soarerchic	Fri, 27 May 2005 07:18

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