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PRO
Creative Living by Gabrielle East

Barbara, you are so right. I'm sure that the shire is in cahoots with the banks lol. It seems sometimes that they just don't like owner/builders. Sounds like you have a great building inspector, I've not heard of private inspectors like that. As long as there is progress, then why shouldn't it be fine. You see builders have insurance to cover the unfortunate event of not being able to complete a home, but the owner builder doesn't.

I used to be a mortgage broker and would be astounded at what young kids wanted, not just the huge house but fully furnished and landscaped, some of them had all these Credit cards and store cards. One couple I met had $50,000 in available Credit or store cards and had no idea that it would affect their borrowing power. I explained the situation and give them suggestions and to contact me later. I left hoping they listened and they did, they chopped up most of their cards got their finances and priorities sorted and came back to me and they got the loan. Some people just don't realise these things. What a great example you are to your family.

Good luck with the build and hope you get to enjoy your home for many debt-free years! :-)

   
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Barbara Dunstan

Gabrielle East Designs,

Ha-ha, not sure that hubby would agree that our inspector was great, he picked one of our projects to pieces, even though we had used timbers that had been computated by a truss company for the spot, he made us upgrade to steel which wasn't easy but we did it but all in all, he isn't too bad, a failed builder turned inspector who can tell you what to do but can't actually do it himself, so hubby was a bit indignant that his ability was being questioned lol!!!

I hear you about the credit card crisis and our young ones who simply MUST have everything immediately and give absolutely no thought about how on earth they are going to pay the money back at a HUGE interest if they don't pay it back in time and only pay the minimum!!

They don't seem to understand if the money isn't theirs, they shouldn't be spending, as that means they really can't afford what they are using the cards for!!

So pleased your clients listened to you and pulled their act together before it was too late. Such a large debt inevitably leads to a relationship breakdown and it is so easily avoided if people could learn to wait but our modern society can't seem to do that anymore!!

Cheers,

Barbara

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Kat

An observation: I heard an old man saying that the younger generation expect the government to keep them, with current situation of JobKeeper and JobSeeker. As an "older" person myself, I can say that yes we lived through 22% interest rates, but things when I was younger were never as hard as today. There were jobs for starters, a lot of young men could get a trade. What a lot of older people forget, is when they or perhaps their parents were younger, there was no building covenants, people could buy a block of land, live in a tent for a while, then build part of their house, or a garage, live in that for a while, then build the home as they went, even holding off putting in the windows until they could afford to do so, friends with skills could help you out and you would help them out with building. Now-days most councils expect you to build to a certain standard, employ fully licenced builders, nothing under a certain size, build in a certain material, brick for example, and won't even let you install a front fence in a lot of cases. Also people did not have to travel 2 hours+ to work, as they do now due to the urban spread. With only a radio or perhaps the beginnings of TV, there wasn't the hounding by advertisers to the extent as there is today, telling people to be successful, they need to have this or that. It was much simpler times, so you cannot just make a blanket statement to compare. Our present throw away society, with appliances with inbuilt chips which simply stop the machine after it has reached it's "maximum" usage, only helps the huge conglomerates bottom lines. The quality of things back when I was young were unbelievably good compared to now, I had leather everything and high quality fabrics in my clothes, many things would last many many years or even a lifetime. It gave you a great appreciation of things you worked hard to afford, I don't think many young people get to experience or learn appreciation, when things are or need to be replaced yearly or sooner. I personally believe it is harder now and our quality of life has greatly diminished.

   

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