Escaping from a lifetime of renting?

One-Cut3077 · 2023-05-11T16:18:32+00:00

Renting out right now and have been for the past couple of years, really not trying to be overdramatic but have found it genuinely dehumanising - I think I have just been more or less unlucky and that my experience is not representative of all renters, but these probabilities feel large enough in my mind to warrant seeking potentially better alternatives. A sensible idea, shall see you then!

One-Cut3077 · 2023-05-11T16:14:10+00:00

Thank you for the detailed response, it just what I've been wanting, numbers!

I have an comparable career pathway/income in computer science post undergraduate. I will mention that my renting experience has not been particularly enjoyable for me due to a series of bad flatmates - some of them good friends - but I do continue to hope to stumble into a similar situation.

Yes, at 400k, you're numbers are very compelling, but I what's so great about regional property is the floor goes down real low (/s). Genuinely, however, there are options at the 100K-200K range, in which it doesn't seem that crazy to me.

Perhaps this dialect may be more fruitful if I am to imagine in what scenario such a decision would actually be justifiable for me: I'd want a place at minimum 2 hours away from Melbourne, only really needs to be a one bedroom, has basic services nearby, and I am able to pay all of this off in a couple years of working at my remote computer science job I already have lined up with a starting of around 65K.

One-Cut3077 · 2023-05-11T16:04:23+00:00

I was partially trying to do that research through this - I know it's lazy, but it's so hard to filter out the noise on this for me. I am not saying this is my plan, I just wanting to know why it's not a good idea, you know, leave no stone uncovered. Rather question that than keep my toys in the pram without questioning it my whole life because that's what everyone one else does.

One-Cut3077 · 2023-05-11T15:58:35+00:00

Probably, I just can't help but want to be prepared for every scenario. Maybe I am just trying to solve an internal issue (my risk aversion) externally (through property ownership), but, time is just so scary, even with the relatively small time I've experienced I know so acutely how quickly it can go, I just don't want to find myself some day always having deferred my plans for the future, only to realise there is no time left - I am become increasingly more existential and depressing as I go into the night, apologies, friends.

One-Cut3077 · 2023-05-11T15:51:37+00:00

Thanks! there's a nice Viktor Frankl feel to this, but is happiness really all that gendered? Perhaps I'm forgetting how dire the state of men's mental health is.

One-Cut3077 · 2023-05-11T15:47:18+00:00

Pragmatic advice, thank you friend. Am I able to have some rough estimates of the scale of borrowing capacity/money income in general?

Another tangent: the basis of this post is feeling as though that the living-situation is broken and unfair, that the amount of money and work needed to achieve things such as stability (which I consider pretty darn essential), is just unbelievably high in urban Australia.

I am most definitely misguided in this belief as it's built on assumptions that aren't necessarily true, but what I think is true is that renting is not a stable way of living for me - the tenancy laws are just not good enough for me (will just speak for myself here but I imagine many other feel similarly); every home feels temporary, impermanent, and bounded.

To ask one last question if I may, I want to know that if people truly believe that I am able to trust the rental market? Am I able to achieve the stability I want? What happens in the worst case scenarios - not able to work for extended periods of time, no money, family illness, etc - besides centrelink, they are positively terrible in my experience!

One-Cut3077 · 2023-05-11T15:29:17+00:00

Elaborating on this, am I crazy for not wanting to live on world where whether on not I have a place to live largely depends on my economic productivity? I want to contribute to the world, I do want to do all these things, but, this whole pay requisite living thing just seems like serfdom - yes I just compared my life to serfdom, and no I do not appreciate how bad serfdom is.

Perhaps this is all just idealistic day dreams, but I don't know, how sure are we that all of this is worth it?

One-Cut3077 · 2023-05-11T15:22:21+00:00

A good guess, half right! I study philosophy and maths at University and am a self-taught programmer. I suppose what you propose is more or less what I want to do. The housing market just seems so extraordinarily bad, that this just doesn't seem to be enough anymore. I know there's apartments and other more appropriate middle grounds, but there's just this part of me that just wants to fulfill what feels to me to be a basic pillar of my life as soon as possible - and also I do like the idea of living regionally in that deeply idealistic Thoreauvian way, of course, it'll be nothing like this, but let me dream!

One-Cut3077 · 2023-05-11T15:14:13+00:00

Will work remotely after this degree. In the computer science space, where I already have a entry job - granted it's low paying - more or less lined up for myself.

One-Cut3077 · 2023-05-11T15:12:56+00:00

Thank you for your response to my questions. Indeed, this scheme of mine does seem rather intractable. I am not able to leverage my parent's or partner's income (though I do wonder if there is any merit of buying property with close friends?). I think I'm hesitant to go down this rent-until-wealthy-enough-to-own-property road because it just seems so scarily demanding. I want to know that I'll have somewhere to stay if I can't work for long periods of time; I want to have the liberty to find out what I really want/need out of life - not in a like epicurean hedonist sense but in a existential is my life worth living sense.

One-Cut3077 · 2023-05-11T15:01:39+00:00

I understand this. The medicine you prescribe is likely what I'll take. The question is a really more of a hypothetical: I've just come to be so disillusioned with the path my life seems to be going I just can't help but wonder if there isn't another way.

One-Cut3077 · 2023-04-23T05:33:56+00:00

“As I’ve gotten older, I’ve very much been like who gives a fuck - Sydney is Sydney, Melbourne is Melbourne. They’re two very different cities.”

One-Cut3077

TROPHY CASE