If you have to ask what middle class is then you aren't middle class.[/QUOTE] Its a legit question. If you own property and no mortgage in sydney are you middle class or still poor if have to keep working?
But you would be presuming that Kent can remember the clubs that lobby him AND count that high. Two presumptions that I doubt could hold water.
Well its all irrelevant, we all will be dead at some point right? So i dont get the whole collection and ownership if things. Its as pointless as life itself.
[/QUOTE] My barometer has always been: Own house outright, have no significant debts and holiday wherever you want = Well Off Don't stress about finding next months mortgage payment, have credit card and small personal loan and carefully choose to holiday where you would mostly want = Middle Class Struggle to meet rent and/or mortgage payments, go into debt to put petrol in car and don't know what a holiday is = Poor.
The family home is a peasant asset. If it happened to jump in value from $20k to half a million in forty years you're not an investor. You're a cashed up bogan par excellence.
Exactly. I guess if own and dont have rent to pay or mortgage more disposable income. But moneys easy to get isnt it?
Its a legit question. If you own property and no mortgage in sydney are you middle class or still poor if have to keep working?[/QUOTE] Do only the poor work? Smdh
