Post what you are thinking at this very moment

[lost in melb.]

Well.... After enjoying a couple months of being home and sleeping in my own bed every night, I got "the call" last night. Was asked to start staying overnights at work.

We're starting to lose seasonal staff at work due to school and expiring Visas. Including ALL the Americans that were running the golf cart business and one that was assistant managing. So guess who has to do the jobs of 4 staff on top of his own?

Back to 14+ hour days I guess.....

Does this come with a pay rise??

[Teh One Who Knocks]

Well.... After enjoying a couple months of being home and sleeping in my own bed every night, I got "the call" last night. Was asked to start staying overnights at work.

We're starting to lose seasonal staff at work due to school and expiring Visas. Including ALL the Americans that were running the golf cart business and one that was assistant managing. So guess who has to do the jobs of 4 staff on top of his own?

Back to 14+ hour days I guess.....

Only 14 hours? Are you part time?

[Teh One Who Knocks]

It's funny, sky-rocketing house prices don't benefit you at all if you are actually living in the house

Exactly. The absolute only time it's beneficial is if you are selling. And usually it ends up that when it's time to sell, the market is in a down period.

In 2012 we bought our house for $195K which I think is a reasonable price for the house considering the size and the location. Maybe even up to $250K for a price. Fast forward 9 years and 2 houses on our block just sold in the last 45 days and both went for over listed asking price and both sales were for more than $500K for similar homes. It's ridiculous. There's no way these houses are REALLY worth more than a half million dollars.

[Griffin]

Investment companies have been out bidding potential home owners all across the country for over a year. Sometimes buying up entire blocks to turn into rentals. Seems that property management could be the career of the future.
I've been getting offers in the mail to buy my house. Not sure what their end game is but at least I'm content where I am with no plans of moving.

[Teh One Who Knocks]

Investment companies have been out bidding potential home owners all across the country for over a year. Sometimes buying up entire blocks to turn into rentals. Seems that property management could be the career of the future.
I've been getting offers in the mail to buy my house. Not sure what their end game is but at least I'm content where I am with no plans of moving.

Not sure why anyone would want to get into rental property anymore know that the precendent has been set that the feds can just say whenever they want the tenants don't need to pay rent because reasons.

[Muddy]

Exactly. The absolute only time it's beneficial is if you are selling. And usually it ends up that when it's time to sell, the market is in a down period.

In 2012 we bought our house for $195K which I think is a reasonable price for the house considering the size and the location. Maybe even up to $250K for a price. Fast forward 9 years and 2 houses on our block just sold in the last 45 days and both went for over listed asking price and both sales were for more than $500K for similar homes. It's ridiculous. There's no way these houses are REALLY worth more than a half million dollars.

Im in the same boat.. The bad thing though is if you sell your house then you have to go buy someone elses over inflated property.

[Teh One Who Knocks]

Im in the same boat.. The bad thing though is if you sell your house then you have to go buy someone elses over inflated property.

That's just it, if you want to sell, sure, you get a good price for your home, but the house you end up wanting is now selling at $700K or $800K so you aren't really making any gain, you're in the same amount of debt owed, possibly going into more debt depending on the house you end up buying.

[Muddy]

That's just it, if you want to sell, sure, you get a good price for your home, but the house you end up wanting is now selling at $700K or $800K so you aren't really making any gain, you're in the same amount of debt owed, possibly going into more debt depending on the house you end up buying.

So Im in a situation where I could sell and cash out and move to the river house... Until...... I get hit with the capital gains tax... Can't win, man.

[Teh One Who Knocks]

That's the double edged sword of owning a house. It's great to build up equity in and can turn into a nice little profit if it works out right, but unless when you sell you put that profit right back into buying another house, they screw you on those capital gains.

[Muddy]

That's the double edged sword of owning a house. It's great to build up equity in and can turn into a nice little profit if it works out right, but unless when you sell you put that profit right back into buying another house, they screw you on those capital gains.

Fkn govt.. They think they are entitled to everything you work for..

[Teh One Who Knocks]

[Muddy]

What happened to "taxation without representation"..?

[Teh One Who Knocks]

What happened to "taxation without representation"..?

Oh we're represented, they just don't care what we think or want.

[DemonGeminiX]

There's too many men, too many people, making too many problems
And not much love to go around
Tell my why this is the land of confusion

[Teh One Who Knocks]

Blah