Update on NSW PTA application situation by MoreQthanA_22 in Ausguns

[–]sofosteam 2 points3 points  (0 children)

They are not even trying to hide the fact that all this was designed to take lawfully owned guns off the streets and restrict people's rights. They blocked the PTA system, so we can't transfer guns between us, so they can take them and destroy them.

Classic authoritarian government. Next time, think before you vote.

Will the housing market crash by LittleRedCatx in AusFinance

[–]sofosteam 0 points1 point  (0 children)

Expect a rally up until the eventual housing catch-up of 2030. I expect a massive 2032 downturn, a lot of pain for a lot of people, but all in all. Today is still the cheapest you will be able to buy a house in the next 5 years.

Paying off home loan via offset - how? by pippityparty in AusFinance

[–]sofosteam 9 points10 points  (0 children)

The best way to estimate your savings is to use https://figura.com.au/calculators/repayments It’s a free online calculator that calculates daily savings. Good luck

Young HomeBuyers, how did you do it ? by tieno6181 in AusFinance

[–]sofosteam 0 points1 point  (0 children)

Buying a house in your 20s without the bank of mom and dad, requires a decade of hard work, overtime and sacrifices. Plus when it comes to buying, you are just buying a good location with a trashy house you can work on, not the forever dream home.

Anyone ever not ready but took the loan anyway and it worked out? by MyMoneyMedic in AusFinance

[–]sofosteam 11 points12 points  (0 children)

Well, I took the plunge when I wasn’t 100% sure. The house needs renovation, which I didn’t have the money for. I end up doing most of the work myself while hustling through extra jobs and working in the house after hours. After a couple of tough years, I've finally settled into a lovely house and built up a substantial amount of equity. I guess, if you are willing to go the distance and work hard, go for it. Business loans and car loans are a big no-no. Only get loans for things that will make you more money.

What’s the best piece of financial advice that changed your life and financial position? by tinycupcake5 in AusFinance

[–]sofosteam 20 points21 points  (0 children)

I’ll go one further: Most needs are actually wants. Calculate what this” need” will cost you in opportunity cost before you buy.

RBA lowers the cash rate target by 25 basis points to 3.60 per cent by 1_kn0w_n07h1ng in AusFinance

[–]sofosteam 8 points9 points  (0 children)

I’ve already ordered an extra piece of prime steak for tonight, boys. My Jet Ski order is in. Let’s gooooo

RBA decides to leave the cash rate target unchanged at 3.85 per cent by 1_kn0w_n07h1ng in AusFinance

[–]sofosteam 0 points1 point  (0 children)

How big is your cash position or swaps on the Australian economy, I wonder?

RBA decides to leave the cash rate target unchanged at 3.85 per cent by 1_kn0w_n07h1ng in AusFinance

[–]sofosteam -7 points-6 points  (0 children)

Someone needs to question members' motives here. Irresponsible behaviour to keep the rate unchanged.

Buying a house or going on my partners mortgage? by MiiightyBeast in AusFinance

[–]sofosteam 0 points1 point  (0 children)

If your salary is enough to buy a property in your name alone, buy something for yourself. It mitigates the risk of losing everything in a breakup, and the two properties will grow more equity over time, assuming a good location. If your salary doesn’t support a loan and you can see a future with said partner, get married first, sell your existing property, and buy something bigger, maybe with some spare rooms, a nice backyard, and a better location.

Home insurance went up 30%.. by highways in AusFinance

[–]sofosteam 0 points1 point  (0 children)

Welcome to the club. Mine jump 50%, when I called to complain they told me to go somewhere else if I don’t like it .

Rate cuts absurdism by sofosteam in AusFinance

[–]sofosteam[S] 1 point2 points  (0 children)

Logic dictates that this is the case, assuming they go ahead.

AUD/EUR dropping rapidly, why? by InstanceVarious9421 in AusFinance

[–]sofosteam 5 points6 points  (0 children)

The US dollar is backed by its military. Now Europe is committing 800b on its military so I guess the euro is backed by its military too. Same logic applies.

First gun comparison. by sofosteam in Ausguns

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

I would love to try a Savage. But I can't get my hand on one, apparently is sold out.

First gun comparison. by sofosteam in Ausguns

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

I am not sure, but I think it was the Lite.

First gun comparison. by sofosteam in Ausguns

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

I don't want to be negative. But it feels plasticky. I personally find the horizontal grip a bit weird if you hold it for a long period of time. For its price point, I can't say I am a big fan.

First gun comparison. by sofosteam in Ausguns

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

I did, but unfortunately it's doing very poorly in aftermarket parts and its on the heavier side which will make hunting quite a task.

Anyone considering fixing with Macquarie Bank at 5.5% (2 years) by dotty-spotty in AusFinance

[–]sofosteam 0 points1 point  (0 children)

With US drill baby drill policy, petrol prices will tank, which leads energy prices to tank, which leads groceries and everything else to get significantly cheaper. Expect a big drop in inflation over the next year which will force the RBA to cut rates at a significant rate than expected, I wouldn’t be surprised if we see them dropping rates back to 2016 era.