What are the circumstances of your housing?
With the cost of living crisis, house price crisis, rental crisis, housing availability crisis and homelessness crisis, I thought it would be good to understand where OzBargainers are in all this.
Do you own your own home, have investment properties, rent, etc?
Nearly everyone I know lives in a sharehouse (myself included). I think this would be an important distinction from 'renting' because there's no way I could afford to rent a place by myself.
Family owned house in inner Melbourne bought 70 years ago. 5000 guineas then. Now ?
Plus investment property
Guineas! In case anyone is wondering, that's just over one pound.
Wikipedia:
'Although guinea coins had not been made for a long time, prices often continued to be shown in guineas until British prices became decimal in 1971. A guinea was worth £1,1s (one pound and one shilling). This is the same as £1.05 in modern money.'
So under $200k in today's dollars, depending on the inflation model used (RBA's calculator only goes back to 1966).
Male full time workers earned about 15 pounds per week in 1955, or about 780 pounds per year. So that house was about 6.5x income. Much better than today's ratios, but it would have been considered a fairly expensive house at the time.
According to the poll, 74% of OzBargain users own property, and the other 26% are probably just renting from them 😂
Where is Living with family/friends (for free) + own investment property/ies?
I own (mortgage) my place but am going away to travel for a longer period. I’d like to rent it while I’m away but the hassle and risk is a lot… feels like a waste for someone who could use it especially in this climate but I want to be carefree while away and not come back to my place wrecked (can’t engage a property manager for the amount of time away so keeping an eye on it is hard).
How long for?
Ideally 3 months lease then ongoing month by month. I get it’s not ideal for everyone but could suit someone who just needs a place interim or an exec flying in for work.
Either way I’m not complaining, it’s a lucky problem to have.
Maybe AirBNB it.
@JimB: WA.
I won’t be around to clean or administer it though, so it would be the biggest hassle. As lucrative as it is.
@zfind: You can hire cleaners who specialise in airbnb properties.
I've stayed in some where the second bedroom or the linen cupboard is locked (presumably where the owner keeps their more personal / valuable stuff while they're away).
can you please add a "living in ikea showroom" option
Are you lost? Do you need someone to send a search-and-rescue team?
unsure if i'm lost or at home. Been living off of half price swedish meatballs
There should be an option for sleeping in a van, as that’s one step up from homeless sleeping on the streets. I see so many vanlifers all along east coast refuse to pay rent and are able to travel more.
Once upon a time my father came over to my house for a visit and went absolutely nuts at me. I had an old hills hoist in the back yard and when I bought the washing in that morning I left the pegs on the line. Back then you could buy 100 for $1 or so.
The rant went something like "if you keep leaving your pegs on the line they will get destroyed and you will forever be needing to buy new ones - ergo you will never be able to save up enough money to own anything".
He would give anybody the shirt off his back but he had/s quite a few frugal habits likely leftover from the Depression years.
These days he still rips up used envelopes to use as notebooks beside the phone and always has one in his top pocket.
Grandma used to use the same tbag three or four times, dad really pushes boundaries and will only use one twice.
He keeps a ledger of every cent he spent and where he spent it. His ledgers are legendary, he can go back 20 or more years and tell you where he was, how much petrol he bought at what price, how many miles to the gallon, anything else he did or spent money on whilst there.
He begrudges none of us anything. It's not that he is stingy and I was certainly never hard done by, but dad (and I assume his era) just learned how to make things go a long way and that need and want are different things.
He tracks his water and energy usage etc and can guard a 20c plastic pen better than a pit bull with roo ribs.
I got caught stealing 60c off my grandma when I was 8. Dad made me wash up out the back of the butcher shop every Saturday to "learn the value of money" after that.
Then we get to my kids… they think turning on the air conditioning is code for "open up every door in the house so we can cool down the rest of Australia".
And get them to believe only rich people had two house phones and those phones had no caller id and were attached to a wall so you couldn't walk around the place or expect any level of privacy when using one….
@Mugsy: Well done to you too.
When I mean flipping, I mean upgrading the PPOR and also selling an investment property to build a new house.
Yes, I've heard using FF points to upgrade but my friends who do it tell me about it I zone out because it's seems complex and you are restricted to certain dates etc. One day I'll get around to it when I'm flexible on my travel dates.