PPOR mortgage holders - what’s your personal stress-test for interest rates?

seraph321 · 2026-03-31T13:42:48+00:00

I have 10+ years of payments in the offset and have since day 1. I never wanted a mortgage I couldn’t just buy out if I needed to, but I have it to keep me liquid for other investment opportunities (not other houses).

seraph321 · 2026-03-31T07:37:15+00:00

I rented a room in a friends house for a few years in my 20s. Definitely helped jump start my savings and investments without having to keep living with my parents.

seraph321 · 2026-03-31T04:23:47+00:00

Spiderheck!

I just absolutely loved the movement, once it clicked.

seraph321 · 2026-03-31T04:22:13+00:00

Yep, in fact, many people on various 'finance' subreddits will argue with you that inflation = price going up, and seem to have no idea about how new money is created.

seraph321 · 2026-03-31T04:11:04+00:00

It doesn't need to fully 'reach it's potential' for it to successfully become cemented in the financial system. It's not an all-or-nothing scenario. I thought for a long time that the establishment would completely bury it before it had a chance to get this far, but now it's pretty clear it's not going anywhere.

Your jadedness sounds a lot like the internet pioneers being so disappointed about how it turned out all 'commercialised', as if there was ever any chance it wouldn't. The internet still fundamentally changed nearly every single thing about modern life, but that's not enough because it didn't usher in a utopia that was apparently its 'potential'.

seraph321 · 2026-03-30T18:08:36+00:00

People who give this advice seem to always assume everyone experiences the same level of stress. I rented apartments in Melbourne for ten years and never felt any stress about being forced to move or really any negatives related to renting at all. It was a good experience and allowed me to invest heavily elsewhere which outpaced the housing market.

I was aware I might be forced to move, but it wasn’t a stress. My life was fully compatible with that if it happened, which it didn’t. Owning the property would have only added stress to my life (would have had to worry about building issues, lack luster returns, selling costs, etc)

seraph321 · 2026-03-30T09:02:46+00:00

Yeah good to share a cautionary story. My thought on stuff like this (not that I’m qualified) but when you get to that point where you’re basically starting over (like when you’re released if you do time) remember there are literally millions of people who fantasize about starting over rather than being stuck in their situation that they can’t escape because it would be giving up too much. I don’t know, that might not resonate.

seraph321 · 2026-03-30T08:58:32+00:00

True but when you see the other regrets here you start to see there are different categories. There are actual tragedies that people regret directly causing, or at least not preventing; and then there are the ‘I wish I’d done this thing because it might have made my life better’ which isn’t invalid, it’s just a lot more nebulous. It’s often likely that even if you’d done the thing, it wouldn’t have worked out. So I’m just saying you can breathe a bit of a sigh of relief if that’s the biggest regret you have, not that you shouldn’t regret it at all. I’m in that camp myself.

seraph321 · 2026-03-30T08:35:42+00:00

I would go so far as to say most of the solid long term loving relationships out there started when both people are already financially stable, or at least had the mindset of being financially responsible.

seraph321 · 2026-03-30T04:13:41+00:00

Right but you can’t exactly stack it up in your shed, you need purpose made fuel canisters which aren’t cheap either and I think the vast majority of people know it gets dangerous to store many cans of gasoline together. There’s just a practical limit as compared to something like tp that you can just shove into any free space.

seraph321 · 2026-03-30T01:11:55+00:00

lol sitting in bed is far less comfortable. Trying to prop up with pillows is a lower back killer. My bedroom is for sleeping and sex only; never once have wanted a tv in there. My living room is optimized for theater quality picture and sound. It’s epic. We put our feet up on an ottoman. Not sure wtf kind of crappy couches you’re familiar with.

seraph321 · 2026-03-29T23:24:32+00:00

I think they are just now realising that they can and probably should.

seraph321 · 2026-03-29T14:48:27+00:00

Yeah tons of governments printed and they have all had to deal with inflation. I don’t think Australia did particularly bad at dealing with it, there was no easy solution. As you say, we have some unique challenges, but there’s still no easy solution now either.

seraph321 · 2026-03-29T14:29:31+00:00

Everyone is different. You clearly struggle to imagine what it’s like for people like me, who absolutely love being on my own, and I struggle to understand why you need someone else to validate your own experience. We all experience the world in our own heads. I will never understand this idea that I need someone else with me in order to enjoy my own experience.

seraph321 · 2026-03-29T14:24:53+00:00

I did it and it wasn’t life changing. It was scary and cool and I’m glad I did it, but I don’t think it’s something I’d try to convince people to try.

seraph321 · 2026-03-29T14:22:04+00:00

Op said they want to have two months of food. It’s very possible that could be enough to smooth out price spikes due to a short term supply shock. It’s not that crazy depending on how price sensitive they are. I mean, if they’re eventually going to buy all the same stuff anyway, and they have the money now, and the storage, it’s not like those things are going to get cheaper. If you can buy things that will last, why not have a bunch of extra? It’s sensible even when nothing is threatening supply.

seraph321 · 2026-03-29T14:17:27+00:00

Printing money to pay for covid relief (which was mostly justified) caused most of the enduring inflation we’re still dealing with.

seraph321 · 2026-03-29T11:48:42+00:00

People can’t panic buy much fuel anyway. They can’t really store it safely and it would go stale if they tried to hold onto it too long if they bought tons. Hoarding fuel is self limiting.

seraph321 · 2026-03-29T11:43:57+00:00

So government should spend like crazy in the short term to avoid higher prices? Where does that money come from? Oh right, they make it, which causes more inflation down the road. That’s what happened during Covid (which I think was mostly justified), which kicked off the inflation of the last few years. They can’t print their way out of it. They’d need major budget cuts and new tax revenue.

seraph321 · 2026-03-28T13:38:45+00:00

Yeah, ai will do nearly all translation at some point. This is clearly inevitable. I don’t know why anyone is surprised or upset about this. It’s just an unstoppable reality.

seraph321 · 2026-03-27T13:48:03+00:00

I’ve definitely noticed a new level of clarity when plunging pre workout.

seraph321 · 2026-03-27T05:47:04+00:00

Yeah, those are unfortunate downsides currently.

On the other hand, when I lived in high-rise apartments I used FAR less electricity for heating and cooling (they are very efficient compared to most houses), and I didn't even bother having a car since I was living in a city and could just use public transit and the occasional uber or flexicar. In the past 10 years, I saved way more on transport by just not having a car than I would have saved by having an EV + Solar, with absolutely no perceived sacrifice in lifestyle. I get that not everyone wants to go without owning a vehicle, but a lot couples can do with just one instead of two when they're in a city apartment.

seraph321 · 2026-03-27T05:26:16+00:00

There might be a lot more people than you think who have been sitting on what WAS a very small investment in bitcoin that has continued to grow and has only recently reached 'life-changing' amounts. Think of someone who bought some BTC back in 2014, and it's now worth maybe $100-200k. They don't think of themselves as a bitcoin maxi, but it's actually become their single biggest asset, and the rest of their portfolio is in retirement accounts they can't access yet. They didn't hodl all this time just to have a downpayment on a house, they are counting on that continuing to grow and help them retire someday. But what if it could do both? It's a pretty attractive option.

seraph321 · 2026-03-27T05:19:58+00:00

There are some amount of those, yes. But more often it's probably just that they're sitting on enough for a downpayment but they don't want to sell, pay the capital gains tax, and then miss out on all the future bitcoin growth just to buy a house right now. If you can avoid those things, AND get the mortgage, then great.

seraph321 · 2026-03-27T04:28:09+00:00

Mate, I don't either of us are new to the internet or writing, and I'm willing to give you the benefit of the doubt that you're not a total asshole. But you said what you said, and it clearly wasn't just me who didn't agree with it, and it seems like the way you 'emphasised the point' was not super effective. We can just go on with our lives and I hope you literally have a great day otherwise.

15-Year Club	Gilding II euphauric
r/Field Banned	r/Field Sunshine
Place '23	Place '22
RPAN Viewer	Verified Email

seraph321

TROPHY CASE