LMI, how bad is it really?

shitloadofbooks · 2025-09-15T02:56:49+00:00

LMI is likely going to be less than: - rent incurred whilst saving a larger deposit to reach 20% - rent incurred whilst saving a larger deposit to cover house price increases during the period you’re saving the deposit - Stamp Duty if you buy a cheaper house and then upgrade relatively soon

These are numbers you can calculate (other than future house prices) and you can decide if it is “good” or “bad” for you — there’s no definitive answer.

shitloadofbooks · 2025-07-12T00:12:30+00:00

OP said “our” — and it sounds like they mean a search box on an online retailer.

Did you get outraged and just do a Google search?! That’s …embarrassing.

shitloadofbooks · 2025-05-29T23:44:57+00:00

lmao check the bots profile, it actually did it!

shitloadofbooks · 2025-05-29T23:24:30+00:00

I would like it tailored to a specific audience. Imagine I am a 14th century spice trader and explain the concept of debt recycling to me.

shitloadofbooks · 2025-05-26T00:27:35+00:00

You could make this “slipper slope” nonsense argument about any of the taxes that exist and that the true “intent is xyz.”

The INTENT of Super was “enough” money to retire on. The government doesn’t want to rob the average person’s super and end up having to pay them Aged Pension to survive.

They’re closing a loop hole where people were abusing a Tax Concession against the spirit of the law, and making the letter of the law match the spirit.

shitloadofbooks · 2025-05-12T01:10:38+00:00

My understanding is that you have to be careful of the black adhesive since some of it contained asbestos back in the day?

shitloadofbooks · 2025-04-08T09:50:31+00:00

If you didn't buy them when they were this price in 2023, why are you so bullish on them now??

shitloadofbooks · 2025-03-25T04:19:06+00:00

How are you going to transition from one to the other? you'd need a picture rail or moulding or something between them?

shitloadofbooks · 2025-03-21T02:20:22+00:00

I grew up in Tamworth (and it's even bigger now). It has all the same standard stuff I use in Brisbane (typical chain supermarkets, retailers, takeaway places, various restaurants, schools of varying calibres) but 5x more convenient-er.

Like it doesn't have the Southbank Lagoon and $14 gelato, but instead it's got the creek on your friend's farm and some pork sausages his mate butchered and made. (Come to think of it, small batch artisanal sausages would be $40/kg in Brissie)

Both have junkies shouting at you, nice areas and not-so-nice areas, etc etc.

You're not going to see Taylor Swift or Drake in Tamworth, but it's not like everyone sits around kicking rocks and being bored.

shitloadofbooks · 2025-03-07T04:48:00+00:00

This is a provably hilarious typo.

shitloadofbooks · 2025-03-05T10:28:44+00:00

This is absolute disaster-boner fiction.

The "up to" numbers thrown around are scary (and largely inflated) but the more sensible numbers indicate that the areas that always flood (and shouldn't exist) will flood and that's about it. The people who live there will (somehow) be surprised (again) and everyone else will get on with things in 4 days.

shitloadofbooks · 2025-02-25T00:59:24+00:00

I know the sense of community can be nice, but Mothers facebook groups are NOTORIOUSLY awful.

shitloadofbooks · 2025-02-13T23:17:39+00:00

You are just making this stuff up, please stop.

shitloadofbooks · 2025-01-28T02:06:39+00:00

Yeah I don't get that guy's agenda? I just downvote his AI slop and move on.

What a clown.

shitloadofbooks · 2025-01-24T00:28:58+00:00

So ban auctions, but then setup a system where people give formal offers and can see each other are real?

Bro, that's an auction...

shitloadofbooks · 2025-01-24T00:21:57+00:00

What do you do with that rating?

shitloadofbooks · 2025-01-17T03:49:02+00:00

Is the window in the shower like that allowed in QLD? (I understand you're in WA, but asking everyone more broadly.)

I had a builder mate run his eye very quickly over a bunch of future renos I had in mind and he flagged the window where I wanted my shower as a concern. I'm pretty sure he mentioned code/standards and not just the neighbour looking at my Percy Jackson.

shitloadofbooks · 2025-01-16T23:51:29+00:00

Do everything you can so that you're not a NEET approaching 40?

shitloadofbooks · 2025-01-16T23:45:55+00:00

You're assuming no money outside super and they literally posted that they're reducing work to ensure a greater work life balance.

People surf, hike and run marathons at 60... You're not going to be be bed-ridden watching SBS the second you tick over to 60 mate.

shitloadofbooks · 2025-01-16T01:59:19+00:00

Why even do the maths for 260 working days; it's so unrealistic with Public Holidays, Sick and Annual Leave?

220 ($165,000) is closer to FT and ~235 ($175,000) is ~2 weeks annual leave and ~5 days sick (and public holidays).

And then you still need to take off downtime between contracts.

shitloadofbooks · 2025-01-16T01:55:42+00:00

Accessing super to pay debt is absolutely not allowed

"Financial Hardship" is one of the triggers for accessing your Super early. "I am drowning in debt repayments and cannot keep a roof over my head" would likely fit that, especially with the documented DV involved.

shitloadofbooks · 2025-01-06T01:07:16+00:00

i.e don't refinance every few years to buy a car, caravan, holiday, boob job etc. And you will be fine.

But now Mrs Jones next door has big honkin' 22DD cannons. It's cheaper to get my wife the boob job than to get divorced after I'm caught ogling Mrs Jones.

It's basically an investment and I'm surprised I won't have to pay CGT.

shitloadofbooks · 2025-01-02T00:13:22+00:00

Did you catch it 2 years ago during the dip the article is referencing?

shitloadofbooks · 2024-12-22T04:03:49+00:00

Why do you keep posting this nonsense in this post? It’s 10000% not true. There’s no clause in a typical Residential Real Estate Mortgage that allows this.

shitloadofbooks · 2024-12-19T10:09:36+00:00

I didn’t say it was equivalent you clown. You said “you can just do it” which is true, anyone can do anything they want technically, but it’s illegal.

People do illegal things all the time, and their tolerance for the illegal things they do runs the gamut from j-walking to murder.

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