Vic Wasteland Thread

[HEKT1K]

Nah I'd rather educate myself, work hard, make good life decisions, and become successful

I agree though, unfortunately those lifelong welfare flogs do exist. However, some magical 'solution' to the affordability 'problem' isn't going to help them and you know it

[Rekin]

At 375k - let's call it 420k now (blaze it fgt) - even a conservative 50k wage working as a receptionist with 30% living expenses; a well budgeted individual would have it paid off in 15 years or less...this is assuming you don't earn a promotion or get a better paying job, and that you don't board out the second room or end up with a partner who can co-contribute for a massive dent on the principal and loan term.

What about glorified pa's?

[Rekin]

with the drop in interest rates, my interest repayment on my investment property is equal to the rental income.

Am close to converting from negative to positive geared.

There goes more of my money to tax

#vwlbc problems

[Birds]

What about glorified pa's?

They fked

[Rekin]

They fked

Happy 32,000 post

[Birds]

with the drop in interest rates, my interest repayment on my investment property is equal to the rental income.

Am close to converting from negative to positive geared.

There goes more of my money to tax

#vwlbc problems

Are you not saving more money off the repayments than negative gearing would give you in tax credits?

[joeyjoejoejuniorshabadoo]

Nah I'd rather educate myself, work hard, make good life decisions, and become successful

I agree though, unfortunately those lifelong welfare flogs do exist. However, some magical 'solution' to the affordability 'problem' isn't going to help them and you know it

Me too, and this is what we have both done... but there are those that either cant or won't. Trust me working in kitchens i have seen many people (usually dishies) that simply will never earn above minimum wage and not due to laziness. They were just not born all that smart (or gifted).

I'd rather attempt to have affordable housing than pay for them just to mooch later on because they have no choice. That also extends to bludgers.... id rather have affordable housing and have them afford a small mortgage than have to pay for them in full.

[Birds]

I wouldn't distinguish laziness too far from brain smarts; I think they are both personality traits whether you inherited genetically or through nurture...a lazy person can become motivated no more easily than someone can improve their smarts with knowledge. Ergo some of these people are perpetually fked regardless of being lazy or not!

[Rekin]

Are you not saving more money off the repayments than negative gearing would give you in tax credits?

Sounds like a question for my accountant.

Speaking about accountants, haven't seen Toby on VWL for a while

[L33SH]

I wouldn't distinguish laziness too far from brain smarts; I think they are both personality traits whether you inherited genetically or through nurture...a lazy person can become motivated no more easily than someone can improve their smarts with knowledge. Ergo some of these people are perpetually fked regardless of being lazy or not!

You're lazy and smart!

[joeyjoejoejuniorshabadoo]

You're lazy and smart!

"If only he applied himself"

[joeyjoejoejuniorshabadoo]

Wtf is this shit...

http://junkee.com/waleed-aly-has-directly-called-on-tony-abbott-to-confirm-or-deny-that-australias-paid-people-smugglers/59241

Why is there the "not the bees" gif in the middle?

And while I agree with the sentiment... wankleed has got such a way of getting under my skin with the delivery....

[HEKT1K]

These uppity Wesley graduates mang

[alr33x]

Sounds like a question for my accountant.

Speaking about accountants, haven't seen Toby on VWL for a while

Probably in the caymans smokin a blunt lookin down on us plebs

[joeyjoejoejuniorshabadoo]

These uppity Wesley graduates mang

I hate those guys

[dezz]

Mate of mine just bought a house

[Rekin]

http://www.businessinsider.com.au/mother-of-two-calls-out-treasurer-joe-hockey-with-an-open-letter-doing-the-maths-on-sydney-housing-affordability-2015-6

Poor woman had to borrow money from her family to buy her first house...shock horror

Uses as an example the most expensive housing market in the country weighed against the average nationwide wage for a single university graduate

#leftylogic

Why do people think being able to easily buy an inner city property as a single person with any old job is a god given right? And when did this mentality begin? I can't remember my parents wanting to live in Toorak on average wage - they bought on the fringe with decent jobs, which 35 years later happens to be a very good area...now!

How is this even classified as news? Someone rants on facebook, gets a couple of likes & now its mainstream news.

We should just make VWL thread a news page. Make some money off the advertising to pay for houses.

[alr33x]

Mate of mine just bought a house

Must have a good job

[joeyjoejoejuniorshabadoo]

Lol

[dezz]

Sweeps up the hair at a barber shop