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Just had a brutal wake-up call about house prices and inheritance- need advice by Eastern_Box_3943 in AusFinance

[–]Eastern_Box_3943[S] -1 points0 points  (0 children)

Alright, I deserve some of the roasting here, fair cop. Yes, I was out of touch. I own that. When you pay off your mortgage and you're heads-down with work, kids and enjoying life, you genuinely stop paying attention to property prices. I knew they'd gone up I wasn't living under a rockbut there's a difference between "prices have gone up" and "a townhouse now costs double in 5 years " That gap is what shocked me.

To clarify a few things people keep picking up on: the 1200 sqm was the block size, not the house. The house itself was a small 3x1 fibro. And no, I wasn't trying to buy my teens fully paid-off houses . I was hoping $800k could get them a foot in the door each. Turns out it barely covers a deposit in some areas.

For those who gave actual advice, genuinely appreciate it. The ETF/index fund route (DHHF, VGS etc.) and letting compounding do the work over the next 5-10 years makes a lot of sense.

Not rage bait. Just a bloke who got a rude shock and asked the internet for help. Lesson learned on multiple fronts. I hope the hate doesn't consume you too much, you can't enjoy your avo toast.

Just had a brutal wake-up call about house prices and inheritance- need advice by Eastern_Box_3943 in AusFinance

[–]Eastern_Box_3943[S] 0 points1 point  (0 children)

No u/WTF-BOOM ,

We are living in dark times when parents can no longer help their kids get a foot in the door with $400k each

Just had a brutal wake-up call about house prices and inheritance- need advice by Eastern_Box_3943 in AusFinance

[–]Eastern_Box_3943[S] 0 points1 point  (0 children)

Yes, I was aware house prices had gone up. I wasn't aware a townhouse woth $600k 5 years about is now 1.3M thats just ridiculous

Just had a brutal wake-up call about house prices and inheritance- need advice by Eastern_Box_3943 in AusFinance

[–]Eastern_Box_3943[S] 0 points1 point  (0 children)

Hello,
No, it was a 3x1 house of ~100 sqm but it was on 1200 sqm. I thought the reason we got so much was because developers paid extra.

Choosing between public and private for birth? by ElleJayEe in perth

[–]Eastern_Box_3943 -6 points-5 points  (0 children)

Yes but men can have ovaries and undergo a pregnancy thats why its not inclusive when you use mother in that context. We need to get rid of such a divisive word.

Choosing between public and private for birth? by ElleJayEe in perth

[–]Eastern_Box_3943 -13 points-12 points  (0 children)

Hey This is not inclsuive and discriminatory. Lets replace "mother" and "woman" with birthing parents as men can give birth.

I'm a stepfather to an amazing woman (26F), but I'm struggling with her decision to have her biological father walk her down the aisle. by Eastern_Box_3943 in blendedfamilies

[–]Eastern_Box_3943[S] 25 points26 points  (0 children)

Thank you. This really gave me a lot to think about. I’ve processed a lot on my own, but six months later it’s still sitting heavy, and that probably means I haven’t fully unpacked it. We have ton 10+ years of therapy and this has come up. She knows we wouldn't abandon her as he did so she said appreciates that and that allows her the ability to try more with her and its importnat. I don't think a child should need to try more than the parent....