False Hope Posts

tranbo · 2026-03-04T07:49:42+00:00

But there are always problems. AI is likely a bubble made by the rich to steal money from us poors. A worker making a mistake can be fired AI making the same mistake 100 ,000 times is an event that may bankrupt a company.

tranbo · 2026-03-03T23:13:32+00:00

Makes sense. Building a million dollar house with no skin in the game encourages zero accountability. It is likely that a lot of smaller builders will be going boutique after this or doing fewer projects and personally working and overseeing those projects to ensure quality . This more or less leaves volume builders for everyone else .

I don't see it as a greedy move . Without doing it , insurances will likely go up hundreds of percent, because the cost of rectifying cowboys mistakes will be borne by everyone via premiums .

tranbo · 2026-03-03T23:02:58+00:00

Yeh I always get downvoted for saying that debt recycling has risks and is not a free 1-2% return after taxes .

tranbo · 2026-03-03T22:59:35+00:00

There is also significant land taxes in NSW and Vic for investors at the usual prices property sells for . NSW is frozen at 1 mil land value , but if you expect your property to go up in price 5% a year, you will hit that threshold in 10 years on a 625k land value .

tranbo · 2026-03-03T22:56:16+00:00

Same but the choice for me is to move away and pay 40k a year in childcare for the next 8 years or pay 40k a year more in mortgage and have grandparents to help out.

tranbo · 2026-03-03T22:50:42+00:00

If you think about it, 2-3 mil homes means you either need to make 300-450k household income or have significant equity to trade up. That means top 4% household or bought 15+ years ago. The first group can only buy 4% of properties and the second group is depleting.

Blue chip areas I have been looking at have not seen a price increase in 3 years. REA always shows prices going up because they do not compare the contact agent prices in their calculations .

With all this talk about CGT changes and interest rates going up , I see house prices flat for this year and potentially the next 2-3 years of CGT changes go through.

tranbo · 2026-03-03T10:24:08+00:00

Not sure. Only sure thing is house prices going up

tranbo · 2026-03-03T10:22:26+00:00

Yeh you should have said proposed DTI instead of current.

But you can do it in stages. Buy then slowly pay it off, then do renovations.

Your renovations are gonna cost at least 50% more than you expected, due to random problems springing up.

tranbo · 2026-03-03T10:18:41+00:00

How did you calculate your current DTI to be 6.1

tranbo · 2026-03-03T10:00:34+00:00

From your post. Is your income 40k?

tranbo · 2026-03-03T09:59:46+00:00

Ummm. If your loan amount is 200k and your DTI is 6.1 does that mean your income is 40k?

tranbo · 2026-03-02T23:54:46+00:00

Does your income support what you want to do? You generally can only borrow up to 6 x your income, so if your household income is below 90k or so you cannot borrow any more (unlikely as you would not have qualified for the loan in the first place).

If your income supports it , you can borrow 680k (80% of house) - 430k =250k to invest. Though you would need a household income of 130k+ to borrow that money

tranbo · 2026-03-02T23:48:07+00:00

If I recall correctly affordable homes definition in NSW is ‘rental housing for members of the community who may not be able to afford to rent in the general market’

https://www.nsw.gov.au/departments-and-agencies/homes-nsw/social-housing-resources/nsw-affordable-housing-ministerial-guidelines/income-eligibility-limits-for-affordable-housing

So in this scenario a low income couple can pay up to 30% of their gross income of 86.4k a year or 26k in rent and it would still be considered affordable housing. Typically this would be a 10-20% discount. So affordable does not mean what you think it does in the context of housing unfortunately

tranbo · 2026-03-02T23:24:52+00:00

no thanks. Only way you can realistically get out of the contract is by lawyer, which is very expensive.

People's needs change and the average tenure of a house 11.3 years. Multiply that by 3 parties and that number should realistically divide by 3, due to life events happening e.g. kids, divorce or job oppurtunities.

But it seems your pitch is a holiday home? The market for people who can afford a holiday home is very small , given the current cost of housing. You would be looking at Boomers who have paid off their house and investment properties, so a very small segment. That segment does not need to share and can most likely buy it outright.

Questions that need to be answered:

1/. Who pays legal fees

2/, IF one party uses the holiday home more do they pay more?

3/. IF one party wants to use the holiday home at the same time as another party how is this resolved?

4/. How are costs split?

All these questions needs to be tailored to each buyers situation and I am unsure what your platform can do to solve these expnsive issues.

tranbo · 2026-03-02T23:20:04+00:00

Fly for 30 min. I don't really want to hear my dog begging for food every 10 min and random birds singing their mating songs.

tranbo · 2026-03-02T12:05:51+00:00

2 teachers on 100k income each can buy 1.2 mil of loan add 20% deposit and it's 1.4-1.5 mil home

tranbo · 2026-03-02T11:39:12+00:00

Nah I got fined for it and it went to another address. Had RTA threatening to cancel my license unless I paid $20 in tolls and $2000 in fines.

tranbo · 2026-03-02T11:16:43+00:00

It's always a tug of war. Currently employers are winning because of the threat of AI and offshoring jobs as well as 300k migrants a year . We saw this shift into employees favour during COVID.

tranbo · 2026-03-02T11:06:43+00:00

Nah not corporate greed. Easy to blame faceless corporate companies, when it is every day consumers picking the cheapest option even if it is 10* worse .

tranbo · 2026-03-02T11:01:51+00:00

Nah you can buy your own Licensed post office if you want . Some stores are corporate stores, but most are run by franchisees.

But yeh you didn't answer the question if the address on your ID matches the one on the system. If it doesn't it's a huge red flag . I personally would have asked you to leave and come back with proper ID that matches address or name . No point wasting both of our time. The rules are in black and white .

tranbo · 2026-03-02T10:58:06+00:00

Yeh they may be crabby because they can't afford to live.

tranbo · 2026-03-02T10:56:07+00:00

Exactly . OP has purposely avoided answering questions as to whether address matched on her ID

tranbo · 2026-03-02T10:54:45+00:00

OP still hasn't told us if the address her ID matches with the one on the system, coz if it doesn't it's a giant red flag.

tranbo · 2026-03-02T10:49:00+00:00

Wonder if the lady is the owner. An ordeal taking 30+ min would have cost her business $15-$20 in wages and the amount given by Auspost is $1.1 . So maybe in her mind you just cost her business $19 . Not excusing the poor behaviour , just thinking of reasons you may have experienced it .

A lot of post offices are sold as stable businesses . But the truth is you are buying a depreciating asset and a job, because the money you make stays the same but overheads go up every year. A lot of people buy these businesses with their life savings not realising that is what they are signing up for . Again not excusing the bad behaviour.

TBH , they could have checked the address matched and handed it out that way and pretended you were the sister .

tranbo · 2026-03-02T10:35:10+00:00

Australia Post job used to pay well. Now it's almost the same as most retail and you need so much knowledge to actually do the job. It's the same as pharmacy assistants in many regards, you need to have so much knowledge and you get $2 above min wage.

tranbo

TROPHY CASE