Posted to The Age (14/4/2012) on 17/4/2012 at 5:46 PM
Commenting on "Feeling weak"
http://theage.domain.com.au/real-estate-news/feeling-weak-20120414-1x0g2.html
@Garry, I'm glad that all the young people you know are sensible and save a lot. Very likely they can save more, because one cannot have a cake and eat it too. You see, how can they really save a lot if "They are saving, and living their lives."
Although the duration of the loan may last for 30 years, good sensible people with reasonable income should pay off the primary residence between 7 and 10 years. There is plenty of time left even after 10 years of financial burden.
If people don't start saving as much as possible when they are young, don't expect to have spare cash left after they get settled, or start a family. Job hopping will become a thing of the past as time catches on.
My views may not apply to many, but I still like to share with people who can see value in them. For the first 25 years, it's time for study and pursue of knowledge to establish a career launching pad; 25 years of career ladder climbing, financial building and investment, solid work with some travelling; 25 years of active relaxation, travelling and volunteering.
After which, I can't guarantee my body can still cope with active life style, and my bones won't need a grease change.
I am in my third phase of the cycle; otherwise I don't have the time to comment on this news article.
Commenting on "Feeling weak"
http://theage.domain.com.au/real-estate-news/feeling-weak-20120414-1x0g2.html
@Garry, I'm glad that all the young people you know are sensible and save a lot. Very likely they can save more, because one cannot have a cake and eat it too. You see, how can they really save a lot if "They are saving, and living their lives."
Although the duration of the loan may last for 30 years, good sensible people with reasonable income should pay off the primary residence between 7 and 10 years. There is plenty of time left even after 10 years of financial burden.
If people don't start saving as much as possible when they are young, don't expect to have spare cash left after they get settled, or start a family. Job hopping will become a thing of the past as time catches on.
My views may not apply to many, but I still like to share with people who can see value in them. For the first 25 years, it's time for study and pursue of knowledge to establish a career launching pad; 25 years of career ladder climbing, financial building and investment, solid work with some travelling; 25 years of active relaxation, travelling and volunteering.
After which, I can't guarantee my body can still cope with active life style, and my bones won't need a grease change.
I am in my third phase of the cycle; otherwise I don't have the time to comment on this news article.
