Monthly Archives: October 2011

Reasons to be happy you’re not stuck renting, like your kids will be

A glorious morning, where everything has turned out for the best. A couple of unions have been crushed – this time for daring to demand Australian jobs in a company that trades on the record its Australian workers have built up for safety. Glamorous and wealthy people will be visiting Melbourne for a horse race. And people questioning the status quo are being moved on wherever they gather.

So I thought I’d get in the spirit by sharing with you some happy thoughts to make you feel better about your lot in life, so long as you’re not a renter, locked out of owning your own home by the non-portability of your job and the ludicrous prices in Australian capital cities.

  • You own an asset that’s priced by real estate agents at a ludicrous figure! If you can find a buyer wealthy enough to pay it. And if you don’t mind the inflated house prices making your rates higher for pretty much no realisable gain for you.
  • Your housing costs remain roughly stable over the term of your mortgage. You can’t have your rent raised every year at the whim of a landlord. (And if a bank threatens raising interest rates on your mortgage, every politician in the land will fight to prevent it.)
  • You can save money by planting your own vegetables and trees and other things in your own back garden, not limited to pots but in the ground, where they can flourish – if you were a renter, you’d probably be prevented from doing this. And if you weren’t, and spent money nurturing such a garden, the landlord could, with a few months’ notice, just take it from you.
  • You can put up pictures without asking permission.
  • You can install air conditioning without the landlord raising the rent because the house now has air conditioning.
  • You can install solar panels and water tanks and otherwise reduce your living costs.
  • You can have pets without asking someone for permission as if you were a child.
  • You can relax, because you can’t be kicked out at a few months’ notice on the whim of a landlord.

See? Things are pretty good, after all. For you.