Bought a house

[Oracle]

Possession date Feb 25.

Small 1.5 level (~800sqft). Large double lot (6300sqft?).

Figured I had to get in the market soon because housing prices are finally starting to catch up to the rest of the country here (Average house 2 or 3 years ago was about $90,000, now it's $210,000 with an expected 15% jump this spring. Remember, that's AVERAGE, not NICE).

Now my girlfriend an I just need to pick out carpet.... god I never thought I'd say that shit.

Anyway, just thought I'd provide an update.

[Flip]

Awesome, its great to be a home owner! Me, OTOH, am just about to sign a contract on the sale of mine. I'd love to buy again, but i'll probably rent for a year or two and re-evaluate things in my life.

[Andrew, Killer Bee]

Haha, congrats, dude!

Fea and I bought a house early last year. We've had similarly insane house price increases in Brisbane in the past few years; I'm glad we got in when we did. I'm just praying that we're not in a bubble that's about to burst, now!

[Oracle]

Haha, congrats, dude!

Fea and I bought a house early last year. We've had similarly insane house price increases in Brisbane in the past few years; I'm glad we got in when we did. I'm just praying that we're not in a bubble that's about to burst, now!

I was worried about the bubble too, so I bought a house that if I lose money on it, it won't be a whole lot (no, I didn't buy a shithole, I just didn't buy at the upper limit of what I could afford).

[Andrew, Killer Bee]

Yeah, we did the same. We bought well within what we could afford. The brokers we spoke to told us we'd be able to borrow something approaching 500K, which is just madness — our repayments would have been over 90% of our combined wages. We ended up borrowing about 280K. At our current wages, interest rates could get up over 10% without killing us financially. When Fea stops working full-time is another matter, heh!

[bovine]

deborah wants to see the house, tell me when it's all ready for us to come visit.

[Lox]

That's cool. Owning a house is fun and annoying at the same time, but at least you have something to invest in that is worth it instead of a car or something else that's guaranteed to depreciate.

[Julius Seeker]

Possession date Feb 25.

Small 1.5 level (~800sqft). Large double lot (6300sqft?).

Figured I had to get in the market soon because housing prices are finally starting to catch up to the rest of the country here (Average house 2 or 3 years ago was about $90,000, now it's $210,000 with an expected 15% jump this spring. Remember, that's AVERAGE, not NICE).

Now my girlfriend an I just need to pick out carpet.... god I never thought I'd say that shit.

Anyway, just thought I'd provide an update.

Wohoo! Road trip! We're all going to tear things up with a tows party, it is going to be an awesome time! Booze! Music! Hookers! Super-soakers! Cocaine! I bet you can't WAIT Oracle =P

[SineSwiper]

Heh, yeah, dealing with the bullshit of stuff breaking is annoying, but at least you can replace whatever you want. I still have a few projects in the "95% complete" range (including this TV room) because I got lazy and just said the hell with it.

Got a loan 3 years ago, just as the interest rates were beginning to rise.