Re: Finally, someone telling it as it is....
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Quote:
Originally Posted by mcnews
So what cheapest house near a major city that would be liveable these days is what $300,000 minimum? Mortgage repayments on that even at these low interest rates are going to be over $500 a week and probably close to $600 a week. So realistically a young person right now, after tax, super and modest living expenses including food, power, rates, water etc. would need to be on at least $1100 a week to make ends meet and that's if they walked everywhere and didn't have a car to maintain, insure and pay rego on.... And that is if they can get a deposit.....
Negative gearing was a scam in the first place, and still is, and it has no place.
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More like $350 a week for the full 300k...
Which would be cheaper or on par with renting
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(Ex Blood Orange #023 FPV Pursuit owner  : )
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