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| Thread ID: 98003 | 2009-03-07 03:32:00 | In these financially trying times..... | andrew93 (249) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 754348 | 2009-03-07 04:56:00 | I do. Its not the card thats the problem, its having it in debt. Mine is used for those online things you can't do with Internet banking, and I pay the money onto the card first, then use it. One of those prezzie cards whatever they're called may have come in handy. One of the Xbox cds I have (PGR4) is scratched (its unreadable). Rang MS the other day (It's on the replaceable disk program, whatever its called). It'll cost $28 to replace it. Only prob, you can only pay for it with a cc. So, guess its going in the bin. No point having it, if you cant play it |
Speedy Gonzales (78) | ||
| 754349 | 2009-03-07 04:58:00 | I am not that impressed by the dropped in interest rates even if I have a mortgage. The main culprit are the house prices are extranomical. I did some maths out of interest before, for a 40yr mortgage, taking house prices as they are, comparing 9% as it was before to say 5% there is really not a lot in it. You may end up 6 years better off but practically for myself, the diff between 40 or 35yr mortgage is bugger all. Definitely it helps but it is not a life changing factor. The main factor is house prices, those who bought houses in say 2001 are the winners or even in 1998 post 1998 I think house prices started increasing like mad. They have dropped but from what I have seen not that much if one wanted a avg family home in a suburb. I rather have low house prices and high interest rates. |
Nomad (952) | ||
| 754350 | 2009-03-07 05:00:00 | One of those prezzie cards whatever they're called may have come in handy . One of the Xbox cds I have (PGR4) is scratched (its unreadable) . Rang MS the other day (It's on the replaceable disk program, whatever its called) . It'll cost $28 to replace it . Only prob, you can only pay for it with a cc . So, guess its going in the bin . No point having it, if you cant play it Kiwibank Zero Mastercard is free if you use it at least once each 4 months I think . |
Nomad (952) | ||
| 754351 | 2009-03-07 05:07:00 | Same here, never had one, dont intend to get one either I've got what I wanted (when I used to work). Got nothing hanging over my head, no mortgage, never had / owned a car, (why get one, the bus stop is outside, if I want to go wherever), not married, no kids, no house. Only a few bills While I basically agree with you Speedy some people live in different circumstances. There are no buses where I reside to get me to work and there is no bus to get me home. Not in my domicile therefore I elected to buy a form of transport. |
Sweep (90) | ||
| 754352 | 2009-03-07 05:11:00 | I work in one of the "safe" industries. My job (and my prospects within the sector) will not be affected by a recession. | Deane F (8204) | ||
| 754353 | 2009-03-07 05:13:00 | Well I didnt say you HAD to catch a bus, (its my choice, I didnt say it was yours or anyone else's). Since I dont even know where most of you live. You could be living in a cave, for all I know |
Speedy Gonzales (78) | ||
| 754354 | 2009-03-07 05:22:00 | My view is that individuals and orgs should be more accountable. The cycle is that there are times that are tougher and others are are more boyant. One should plan for contengencies. Ie., use the golden era and ride the bumps off in the bad times. I am not a huge supporter of income protection, because that may distort the structure and raise unnecessary cost. Surely financial companies and employers may take advantage of it. There is WINZ for that and what is the difference between jobless in 2005 or 2009, a benefit is paid out for the need. If they cannot afford to stay where they are, they can think of relocating or a mortgage sale. There are plenty of people that are working who don't own their own home and just rent. Even before the property crash, when I was working and I was not, even if I was working and I forecast down 30-40yrs, it was going to be very tight that raised the question to myself, from a risk management perspective, if I lose my job I am stuffed and if I did wing it I won't gain much apart from retirement not needing to pay rent and perhaps I have a form of investment that I could access in whatever form of way. I think I also ended up thinking, get in early, inflation works with you, buy the home early, inflation = increase but less proportionally of income and possible job promotion via the years. During the golden years, sure, I could of gotten a mortgage, perhaps not for a house, well maybe a small one in the outer suburbs but most definitely for a small CBD apartment pad. But it was the cost from my calculations. Plus the reason is that I still live at home, I contribute to bills, it is less of an incentive so in good or bad times, I save my deposit up and buy it later, I also still single, if I am not, I guess I may of gotten a mortgage already and just dealt with it. If I means I am jobless it may mean, I need to move to someplace cheaper, or move in with family, force to sell the house, spend my assets or put to a trust account and apply for the dole .. just like any other needing household. I also believe in capital gain tax for properties. At the moment if you held it for some years, and you are not continually buying and selling you escape tax apart from rental income which are taxed. For me, what is the difference between, savings accounts / shares and having a 2nd property or technically even the 1st for that matter. A individual may have $10,000 in a savings account. They gain bugger all and it is taxed. But if have a $400,000 house they gain much more and it is not taxed. On top of that they use legal schemes to minimise tax. |
Nomad (952) | ||
| 754355 | 2009-03-07 05:24:00 | I work in one of the "safe" industries. My job (and my prospects within the sector) will not be affected by a recession. I don't know what industry you work in but even the govt sector are facing cuts to save money which may end up in restructuring and potential job loses. |
Nomad (952) | ||
| 754356 | 2009-03-07 05:35:00 | I don't know what industry you work in but even the govt sector are facing cuts to save money which may end up in restructuring and potential job loses. I don't work in the govt sector. |
Deane F (8204) | ||
| 754357 | 2009-03-07 06:17:00 | There is no safe industry, he is just trying to wind people up. | prefect (6291) | ||
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