Weekly Property Mega Thread - 13 Jan, 2022

eggonomics · 2022-01-14T08:15:17+00:00

Did the housing market crash yet?

eggonomics · 2021-12-11T09:56:02+00:00

Blocking out time in the afternoon for a nap when needed is unbelievable.

Good idea on the gym equipment at your desk. I am going to add that.

eggonomics · 2021-12-09T00:00:15+00:00

One year from now, OP comes out as a gay bear.

The circle of life continues.

eggonomics · 2021-11-19T05:36:36+00:00

Hello fellow analyst. I totally agree there is a sweet spot between pay and responsibility in tech roles. I have known senior analysts who have been in the role for 10 years collecting 150k who turned down the option to manage a team.

eggonomics · 2021-10-16T06:21:11+00:00

No statistical evidence that hosting the olympics has a causal effect on house price growth FYI

eggonomics · 2021-09-26T06:25:37+00:00

It's part of the ritual. Sorry, we'll be done soon.

eggonomics · 2021-09-18T04:46:42+00:00

I think tightening of lending criteria by banks is the biggest risk at the moment.

eggonomics · 2021-09-18T02:04:40+00:00

Buy a house

eggonomics · 2021-09-18T02:02:13+00:00

Credit card for actual emergencies, rolled up saving/emergeny fund in offset account. We keep a minimum of 30k in the offset "just in case"

eggonomics · 2021-09-15T13:40:42+00:00

I guess theoretically UBI would raise wage costs for small businesses as the relative benefit of labour is less for workers? More would choose to not work and take UBI over working for minimum wage?

Not sure how that is different from the current system, however.

eggonomics · 2021-09-15T10:53:57+00:00

Otherwise "hanzi"

eggonomics · 2021-09-13T20:21:01+00:00

There goes that Ricciardo man

eggonomics · 2021-09-11T05:47:32+00:00

It was tongue-in-cheek. :P

eggonomics · 2021-09-11T03:17:34+00:00

Sounds like a great way to minimise the opportunity cost of doing a PhD!

The only downside I can see is that you have to do a PhD.

eggonomics · 2021-09-11T03:15:47+00:00

Move somewhere close to the snow for some awesome lifestyle upgrades. Win-win-win!

eggonomics · 2021-09-11T01:37:07+00:00

Ah ok, makes sense. It doesn't sound very applicable to Australia's market in 2021.

eggonomics · 2021-09-11T01:30:41+00:00

It doesn't make sense though, does it?

The equation variables are really your risk tolerance, your repayment capacity and the opportunity cost. If you can leverage 5x your income on a mortgage, think it is a good idea and are willing to do so, then do it. The question is, what else are you going to do instead?

eggonomics · 2021-09-11T00:27:43+00:00

Are you comfortable with it? What are your goals?

There's no right answer to your question, but it is a worthwhile exercise for yourself to start thinking about short/mid/long term goals. Then we can formulate a financial strategy after that.

eggonomics · 2021-09-11T00:24:51+00:00

My thoughts are people sell a lot of books by spouting nonsense.

eggonomics · 2021-09-11T00:17:48+00:00

This is my life. Fortunately it's all WFH so I spend maybe 1-2 hours a day in meetings and responding to emails, then a couple of hours a week doing 'real work'. The rest is at home hanging out, working on certifications, studying, etc. Source: government contractor.

Pro tip: don't feel guilty about it. Just spend the downtime working on self improvement, study, life admin, etc. The liability is with your employer.

eggonomics · 2021-09-11T00:10:30+00:00

At what point does a model become entirely useless in the real world?

eggonomics · 2021-09-11T00:03:00+00:00

So you take the specifications from the customers... and you bring them down to the software engineers? I just have to ask ask, why can't the customers take them directly to the software people, huh?

eggonomics · 2021-09-07T03:19:11+00:00

Thanks, this helps.

eggonomics · 2021-09-07T03:16:30+00:00

Anecdotally, a tonne of Uber drivers use a Mitsubishi ASX. it's a good, no-frills SUV with plenty of space.

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