Quote Originally Posted by AB View Post
My olds bought their property back in 1975 for $8000. Dad earn't a decent wage back then with computer engineering roughly $250 a week. They moved to France for work for a year and had the property paid off in just over a year to build their mudbrick house when they returned.

Now, in my generation I would like to see anyone buy a block of land and pay it off in one year...LMAO

If expenses and wages are supposed to incline together then I would go buy a block for around $200,000-$400,000 and pay it off in one year I would need to be on around $450,000....LMAO
Dad and mum bought the house I (mostly) grew up in in 1976 for $63000 - just after that, dad had an opportunity to buy a "couple of acres" in a place called Bli Bli in Queensland (those who know the area will know where I'm going!!). He simply couldn't even afford the deposit having just bought the house, but was interested. Long and short of it was they decided not to 'waste' money on a potential investment in what was then remote bush land, and subsequently didn't buy it. That same parcel of land today has houses on it on standard 800 square metre blocks and each one (land alone) is worth about $450-500K!! 5 of them to an acre, just under 3 acres equates to about $6-7 million in value!!!

Those fools!!!!!!!!!!!! lmao