New Posts For Thread: Do not buy a house.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-houseUnless you have already sold one at current prices or you are basically doing a swap.Cameron is preparing the nation for the usual Tory slash and burn approach. Spending power will be massively reduced and there will be no money to buy houses.He is gof course its not a good idea in Aust Mrben because the 7% capital gain figure is an estimate. Its an estimate based on the past when the level of debt incurred by property buyers was modest and more importantly based on the return that the propertyhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453699629#453699629of course its not a good idea in Aust Mrben because the 7% capital gain figure is an estimate. Its an estimate based on the past when the level of debt incurred by property buyers was modest and more importantly based on the return that the propertySat, 26 Jun 2010 06:18:35 -0500mmmmmm I was hoping someone could crunch the numbers and make some kind of conclusion.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453683741#453683741mmmmmm I was hoping someone could crunch the numbers and make some kind of conclusion.Sat, 26 Jun 2010 00:58:02 -0500try earls court.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453498997#453498997try earls court.Thu, 24 Jun 2010 17:07:06 -0500maybE id even Rent it frm you.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453474717#453474717maybE id even Rent it frm you.Thu, 24 Jun 2010 14:15:11 -0500yeah lots of aussies here ..lol.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453422893#453422893yeah lots of aussies here ..lol.Thu, 24 Jun 2010 07:46:06 -0500heres a question.If the cost of capital is 7.25% mortgage rates in aust.And the return on capital is 3.5%- net rent returns in aust on average.And average capital gains is 7% but capital gains tax is 24% and the cost of buying and selling is 3%{onehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453372789#453372789heres a question.If the cost of capital is 7.25% mortgage rates in aust.And the return on capital is 3.5%- net rent returns in aust on average.And average capital gains is 7% but capital gains tax is 24% and the cost of buying and selling is 3%{oneWed, 23 Jun 2010 19:49:08 -0500CrediterAre you saying you never bought a home ?Are you also saying that people should buy a home when they can affird to and pay it off as soon as possible, so that you can live a comfortable retirement with no rent or mortgage to pay??Are you sayinhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453265921#453265921CrediterAre you saying you never bought a home ?Are you also saying that people should buy a home when they can affird to and pay it off as soon as possible, so that you can live a comfortable retirement with no rent or mortgage to pay??Are you sayinWed, 23 Jun 2010 06:01:11 -0500yes ..dont buy a house....and live later with no motgage or rent to pay and retire early....that would be silly ...like me.https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453209589#453209589yes ..dont buy a house....and live later with no motgage or rent to pay and retire early....that would be silly ...like me.Tue, 22 Jun 2010 17:05:14 -0500Or "bad" for those that want to make CAPITAL GAINS off increase in value of property.................and what good are they to society?https://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453132253#453132253Or "bad" for those that want to make CAPITAL GAINS off increase in value of property.................and what good are they to society?Tue, 22 Jun 2010 06:00:42 -0500Lori Joined: 20 Apr 04Replies: 19888 07 Jun 10 08:59 Not many people can afford to buy a house anyway thanks to the previous government, so the advice is a bit redundant. ============================================= Lori Joined: 20 Apr 04Replieshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/24977857/do-not-buy-a-house?post_id=453132145#453132145Lori Joined: 20 Apr 04Replies: 19888 07 Jun 10 08:59 Not many people can afford to buy a house anyway thanks to the previous government, so the advice is a bit redundant. ============================================= Lori Joined: 20 Apr 04RepliesTue, 22 Jun 2010 05:58:48 -0500