Life comes at you fast when you’ve got a brain the size of a planet. Content generator and
Mumsnet poster Sydney Morning Herald economics writer, Jess Irvine is dipping a Rubenesque toe into the property market again.
She starts today’s masterclass in gonzo economics writing with a flashback to the halcyon days when she first set out on her real estate journey:
….A few days after my unsuccessful bid, I bit the bullet and inspected a few properties in a suburb one out from my preferred location. I found a unit I liked, of similar size and age to my unsuccessful bid. I made an offer the same day of $870,000. It was accepted. I found my forever home.
“Forever” is doing a lot of work in that paragraph; she bought an entry level tiny apartment 10km from the Sydney CBD, not some grand estate in the Home Counties or a bijou apartment in the Eighth Arrondissement. It shows a lack of life ambition or understanding of the English language if that’s where she thinks she’ll retire.
Flush with the success of that canny investment, she’s quietly abandoned her previous public decision to show everyone how to make a fortune in the stock market, and has now decided to stick with just a single asset class, real estate.
Amongst the Dear Diary teenage girl writing style, she makes a serious point; the financial incentives are weighed against true investment and rewards property speculation.
T’was ever thus in Australia though. The amazing thing is that it’s taken an “economics journalist” 41 years to notice.
What’s more interesting through is how we are quietly informed she’s now a single Mum. This is a bit of a shock, frankly, particularly after all those Instagram posts and column inches dedicated to telling us how awesome she is at life. This one, for example, where she explains she can lose weight because she’s clever and you’re not.
But then there’s this fiction. My bullshit radar is flashing red:
“Fixed income sources”, for example. Most of us would call that line “salary”. It’s uncharacteristic of our Jess to not overshare, what’s being hidden in that number do we think? Cough, child support, cough.
“Mortgage interest” suggests a little less financial canniness too. So, she’s renting from the bank, in effect. Interesting that the “mortgage principle” line item is classed as “savings” and counts to her smug 31% of income saved each month.
Someone less kind than me might suggest the “food” line item seems a little short too. Good to see she’s teetotal though.
Don’t take financial or life advice from someone who pays union fees, has a love/hate relationship with their weight and has been rejected by every single man in the Greater Sydney area.
True? Of course it is, that’s just unconscious knowledge.