G’day everyone – Question

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  • Thu, May 13, 2010 - 12:33am

    #11
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: G’day everyone – Question

[quote=davos]A plotted course into the worst economic hurricane ever simply equates to insurance and preparation. Insurance is always cheaper before the insurance companies realize you live in a hurricane zone. Preparation is easiest before everyone runs out to do the same.[/quote]

excellent way to put it.  that analogy might actually help me get through to some friends.  thanks dave

  • Thu, May 13, 2010 - 01:20am

    #12
    Peak Prosperity Admin

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    Re: G’day everyone – Question

I would recommend Steve Keen’s blog http://www.debtdeflation.com/blogs for anyone who wants to keep an eye on Australia’s economy, specifically the housing bubble that will inevitably pop. It’s sad but funny how the officials over there are trying to blame high home prices on under supply rather than a massive debt bubble.

  • Mon, May 17, 2010 - 03:49am

    #13
    Peak Prosperity Admin

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    Re: G’day everyone – Question

Hey all,

Thanks again for all the great replies. Its funny how people’s grand plans can go by the wayside. I just found today my place in W.A is worth pretty much what I paid for it… sigh I wish I knew what I knew now say 5-6 yrs ago, I would have been one smart 17 yr old.

I think I agree with the comments that say I have left it too late to try and live off the land, I am an optimist though and feel I am lucky enough to have been willing and able to get debt free (Barr mortgage) in the short time I have had in the workforce.

So, where does that leave me? Well like I said I am still in a  good position financially compared to a lot of my peers and fellow GEN Y’s, I really think selling my place back in W.A is still a good idea, but I don’t know selling it for breakeven is a good idea. 

Do you all think it will be a mistake on selling on my gut feeling? I believe I am an reasonably intelligent kid and really feel like we cannot sustain the way of life my parents have enjoyed but when 99% of the people you talk to on this global economics(uneducated on the subject) feel that the housing boom will go on forever or say that “oil companies will just switch to something else when the oil runs out” its really hard to not double guess yourself…..     

Viewing 3 posts - 11 through 13 (of 13 total)

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