Afterpay

[Lil Ms Fabulous]

Anyone else love using this laybuy shopping option?

 

[Alan79]

The only thing I've ever bought with credit of any kind is a car. I might be a bit old school in thinking you are better off not owning something you don't have the money for now.

 

[Wahesh]

Anyone else love using this laybuy shopping option?

What the? You're back???

 

[belmore_utd]

Ha!

I was pretty sure this thread was about credit before I peaked in to have a look, but my footy season brain was like wtf, who is thinking what comes after Dean already

 

[Mr Invisible]

I don't even own a credit card and I'm damn proud of that.

 

[Wahesh]

I've only owned a Credit Card once in my life and that was the first time I went to Europe. I had cash with me and cash on Euro travel cards, however I had that CC with me (and a 2nd back-up one) just in case. I didn't need to use it. As soon as I got back home, it copped the scissors treatment.

 

[Mr Beast]

credit cards are awesome if you use it properly, there are many benefits ie earn frequent flyer points for travel, like upgrading to business class flights.

If you pay it off in full and not let it roll over paying interest you're winning with points

 

[Mr Beast]

afterpay is a good business model IF you pay it back on time over the 4 payments every two weeks. its a win for you. they make money by late payments and merchant fees which is 10$ and 7$ there after.

merchant fees is about 5-7% which is a lot, but its in demand by consumers therefore merchants accept it as a payment method.

 

[BELMORE]

Yeah Afterpay is great.

The only thing I've ever bought with credit of any kind is a car. I might be a bit old school in thinking you are better off not owning something you don't have the money for now.

What about a house?

 

[Alan79]

Yeah Afterpay is great.

What about a house?

I don't really desire home ownership at the moment. I think the only thing that is keeping prices at the level they're at now is negative gearing and I don't think that it will keep prices as inflated as they are forever. So I kind of expect that at some stage in the not too distant future prices will drop quite a lot. My thoughts are that getting a loan now might result in me paying huge interest on something I'll never regain my money for. If I change my mind it will be the second thing that I'll probably get a loan for.

 

[BELMORE]

I don't really desire home ownership at the moment. I think the only thing that is keeping prices at the level they're at now is negative gearing and I don't think that it will keep prices as inflated as they are forever. So I kind of expect that at some stage in the not too distant future prices will drop quite a lot. My thoughts are that getting a loan now might result in me paying huge interest on something I'll never regain my money for. If I change my mind it will be the second thing that I'll probably get a loan for.

Mate i didn’t ask for your thoughts on the housing market wherever you are... lol. Anyways, as real estate does, the trend will long-term go up as it has historically almost everywhere.

 

[CroydonDog]

I don't really desire home ownership at the moment. I think the only thing that is keeping prices at the level they're at now is negative gearing and I don't think that it will keep prices as inflated as they are forever. So I kind of expect that at some stage in the not too distant future prices will drop quite a lot. My thoughts are that getting a loan now might result in me paying huge interest on something I'll never regain my money for. If I change my mind it will be the second thing that I'll probably get a loan for.

If you want to buy a 2 bedroom house in Croydon, mine goes for Auction on 17 March. I'll do you a deal.

 

[CroydonDog]

A few years ago when my financial position was a lot more week to week, I might have used something like Afterpay - but its probably the same as using your credit card and making sure its paid off before the due date.

If you are disciplined it would be fine (same with credit cards), but if you aren't it could be a disaster (not as bad as payday loans though!)

 

[Mr Invisible]

Speaking of not using credit... my grandfather bought his car years ago (Commodore Wagon), and wanted to pay in cash as he didn't have a credit card or cheque account.

Got the money out, took it to dealers and they are like "uhhh ummm we can't accept this you'll need a bank cheque!"

Him and my grandmother bought everything (even a home) without a credit/debt card. Nan (up to when she passed away in 2015) still used a bank book!

 

[Brycycles94]

Afterpay goes alright only if you can repay the repayments. I'm pretty sure payments are fortnightly and weekly it's up to you. There's tons of handy stores available on there including the Bulldogs store. Would be awesome around Crissy time with all the presents.

 

[El_Magic]

Yea I love it. Buy heaps of shit with it. I have the money to comfortably pay it back so why not.

 

[Alan79]

Mate i didn’t ask for your thoughts on the housing market wherever you are... lol. Anyways, as real estate does, the trend will long-term go up as it has historically almost everywhere.

Your question was very broad so you can count my thoughts on the housing market as a bonus. The trend is for prices to rise, but usually that rise follows inflation. At the moment the rise in prices hasn't really followed inflation it's jumped way ahead of it. I know that in parts of Australia prices have already dropped. You must never have heard of housing bubbles if you think that real estate prices never face drastic drops.

 

[BELMORE]

Your question was very broad so you can count my thoughts on the housing market as a bonus. The trend is for prices to rise, but usually that rise follows inflation. At the moment the rise in prices hasn't really followed inflation it's jumped way ahead of it. I know that in parts of Australia prices have already dropped. You must never have heard of housing bubbles if you think that real estate prices never face drastic drops.

Why are you going on about it? You said you don’t buy things you can’t afford and I asked if you get a home loan as that would go against your philosophy...

Yeah real estate drops and rises every single week, but long term it’s an upward trend.

Housing bubble is a term used by the media so people like you can go on the internet and tell everyone how the property market is going to crash any minute for the last few years

 

[Lil Ms Fabulous]

What the? You're back???

I’ve been around. Just haven’t posed over the off season

 

[Mr Invisible]

If people have the money to pay for things, why not just pay for them and bypass Afterpay?