Tim Wright

*fed up with bullies on x* Financial counsellor, ex Product Manager Ex Xero | MYOB . Love beautiful, funny and thoughtful. Husband, Dad and life learner

[Tim Wright @allwright99]

@TheIPA Appointing Tony Abbott was bad.. putting him in front of the camera as some kind of talisman is even worse -sets liberals back even further
who, what and how actually matters..
Abbot talking is like getting Erin Patterson to cater your dinner.

Could be worse could be sco mo.

[Tim Wright @allwright99]

@gregmushen See the world .. without experiencing other cultures!

[Tim Wright @allwright99]

@RickyKay2020 @tanya_plibersek Let’s see what the law of (un)intended consequences on inflation and unemployment ( remembering RBA what one to go down and the other to go up ) maybe both will go up!

[Tim Wright @allwright99]

@0xDavecryps Really? What value property needs $320k down?

I saved 20% to buy $200k first home in ‘04. very modest 50’s 3 bedroom place, on divided block. Interest was ~6% (I factored 10).

Same property today need $27k as 5% deposit

Maybe expectation has risen more than prices

[Tim Wright @allwright99]

@angelar68197975 Somehow letting the inflation elephant in the room balloon invisibly; caused by inflationary spending, expansive/expensive policies and waste, driving up the cost of living for that family

Yeah.. it’s the liberals running the economy

Labor rustsards can’t have it both ways

[Tim Wright @allwright99]

@lesstenny ITS IN THE MODELLING

[Tim Wright @allwright99]

@omgsidewalks Think it would depend on the level.
Most billionaires don’t get taxed like you or I.
They have structures and entities set up like companies that employ people & acccountants, lawyers & lobbyists.
Wealth taxes see the wealth moved and a greater burden on the poorer.

[Tim Wright @allwright99]

@Tank9999 @AustralianLabor I think you have some incorrect belief that every renter can either afford to buy, wants to buy and that there’s enough available existing/new stock

Any buyer that’s bought on the 95% mortgage faces big headwinds; falling prices, rising unemployment, interest rates and inflation

[Tim Wright @allwright99]

@angelar68197975 This doesn’t make much sense
Does one mean neither gets what they need?

A private rental provider needs people to rent & people want a place to rent
There’s no sides
One exists for the other

Unless you only want rentals provided by the government
Good luck with that

[Tim Wright @allwright99]

@angelar68197975 I’d love to hear the views of someone that’s just bought their first home at the peak of the market with a 95% mortgage

They’re staring down the barrel of rising unemployment, negative equity and due to ongoing inflation potentially 2 more rate rises this year

[Tim Wright @allwright99]

@SincDavidson Equally, why is not ok or even desirable to do both? ( work and invest)

It’s like some deranged binary argument ..
that an investor is not and cannot be a worker .. and it’s abhorrent/alien that a worker might invest their taxed income to try to improve their financial future

[Tim Wright @allwright99]

@mark_melbin IT’S IN THE MODELLING

[Tim Wright @allwright99]

@cmdibley If only we could have more politicians with integrity and calm leadership like David Pokock leading the nation and all major cabinet posts..

[Tim Wright @allwright99]

@notjasond100 Sure.. why not.. They are an adult , they are contributing to costs & they can contribute to the household- financially and non financially .. because that’s what being an adult is about.
We now own the house so we’re saving most of the money for them.

[Tim Wright @allwright99]

@MisinfoFact ITS IN THE MODELLING!

[Tim Wright @allwright99]

@Kinza1278 How much you it cost you to drive yourself or get yourself to work?

[Tim Wright @allwright99]

@WorkElizab Another thought, see if the loan provider and /or insurance company can also pursue the responsible party for the remaining credit owing .. they are at fault.. not you.

[Tim Wright @allwright99]

@WorkElizab Sucks but common loan more than vehicle value. Debt trap.
Check the loan, any credit insurance that covers the residual?

You can ask the loan provider for long term affordable plan. If you’ve had the loan for a while (paid lots), ask for a waiver or offer full & final, say $5k

[Tim Wright @allwright99]

@Wheelykingwayne @WorkElizab I think whenever someone says that can be easily done for a certain price, from 1 picture, they should be contractually bound to do it to the pre accident condition for the price they quote, or pay for the proper repair.
It crazy to make such wild statements.

[Tim Wright @allwright99]

@MmisterNobody All the first home buyers with 95% mortgages now the big bad investors have been vanquished - if you believe the government .