k31th less WHY; more WOT Site Developer 28,318 Member For: 16y 20d Gender: Male Location: Melbourne Posted 10/04/24 11:39 PM Share Posted 10/04/24 11:39 PM yeah... only other option is to save-up+invest and see how that goes long term and then "buy" the same house for more than the mortgage value in ~10+ years time, haha, but a lot less interest, but paying rent the whole time ... hmm Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,141 Member For: 9y 3m Gender: Male Location: South Australia Posted 11/04/24 12:07 AM Share Posted 11/04/24 12:07 AM Yes it is a sticky situation and not the good kind Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,318 Member For: 16y 20d Gender: Male Location: Melbourne Posted 11/04/24 12:11 AM Share Posted 11/04/24 12:11 AM yep, or move out to the middle-of-nowhere and get a MUCH cheaper mortgage haha 1 Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,141 Member For: 9y 3m Gender: Male Location: South Australia Posted 11/04/24 01:27 AM Share Posted 11/04/24 01:27 AM That's what I would do Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,318 Member For: 16y 20d Gender: Male Location: Melbourne Posted 11/04/24 02:44 AM Share Posted 11/04/24 02:44 AM it's not what I would generally choose haha Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,141 Member For: 9y 3m Gender: Male Location: South Australia Posted 11/04/24 06:22 AM Share Posted 11/04/24 06:22 AM You'd have a big yard for the doggos, lots more disposable income for a home gym and it might be more scenic. Could have less road noise at night, be darker for better sleeping and closer to the twisties for that extra ease of hooning cruising. Big yard means swimming pool too which is pretty much mandatory in summer. Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,318 Member For: 16y 20d Gender: Male Location: Melbourne Posted 11/04/24 06:36 AM Share Posted 11/04/24 06:36 AM There's a huge list of "pros" like you've listed for the country-living, but a huge list of "cons" as well, same as for living nearer to the city... I'll weigh it all up and spend heaps of money either way haha. 1 Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,141 Member For: 9y 3m Gender: Male Location: South Australia Posted 11/04/24 10:41 AM Share Posted 11/04/24 10:41 AM What areas are you thinking of, city and country? Link to comment Share on other sites More sharing options...
k31th less WHY; more WOT Site Developer 28,318 Member For: 16y 20d Gender: Male Location: Melbourne Posted 11/04/24 11:33 AM Share Posted 11/04/24 11:33 AM Probably if I stay in this relationship, east-ish ~30km from the Melbourne city, ~1mil homes... ~900k interest if standard amortization loan with ~6% interest... would pay heaps more in the first ~10 years to smash that interest down to say ~400k... paying ~5.5k per month standard repayments, +3k extra to smash the interest down. Will probably not go with such a specific loan type but you get the gist. Country not sure, trying not to consider it too hard as I know how much less I could spend haha Link to comment Share on other sites More sharing options...
Puffwagon Puff Gold Donating Members 15,141 Member For: 9y 3m Gender: Male Location: South Australia Posted 11/04/24 11:04 PM Share Posted 11/04/24 11:04 PM (edited) Yay Friday Buying a house that has your internet requirements is probably a major factor in decision making. Edited 11/04/24 11:04 PM by Puffwagon Link to comment Share on other sites More sharing options...
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