Lexifabricographer For when the right word just won’t do…

July 10, 2009

Further Magnatery

Filed under: property magnatism,Uncategorized,wordsmithery — lexifab @ 1:36 am

We put in an offer on some flats in southern NSW this week, thus kicking off the tedious and terrifying property buying circus yet again. Assuming these ones aren’t crawling with rats or about to collapse, this buy will chew up the remainder of our equity, making it our last investment property for some time. We won’t be in a position to buy again until either we pay down a considerable amount on our home mortgage (you pay that one out first because interest charges on one’s ‘principle place of residence’ are not tax deductible) or something we own appreciates in value, or – preferably, and in accordance with ‘The Plan’ – a little of both.

That’s a bit of a relief actually, because predictably the places we have bought already have not been miraculously cheap to own and maintain. Quite the opposite, of course – they’ve all required numerous small fixes, and a couple have called for rather more expensive interventions. Nothing has exceeded our budgets yet – we were pretty careful and quite conservative in working out what we could comfortably afford to maintain – but all the same each new invoice provokes a reaction somewhere between a resigned sigh and an acutely pained wince. I have to keep reminding myself, over and over, to chant the ‘short term pain for long term gain’ mantra, and picture myself some day in the not-quite-unforseeable future sitting in a cafe somewhere writing the Next Great American Novel* unencumbered by a need to do something more financially reliable for a living. It’s a nice dream, and it helps control the tooth-grinding.

* Fi insists that it has to be an American novel because she is not convinced that sales of the Next Great Australian Novel would keep her in the manner to which she would prefer to become accustomed.


  1. Of course, all truly great art is created by people starving in garrets… If you end up writing the Great American Novel from a position of financial looxury, it will be doubtless nothing more than mass-market best-selling airport pap. But which will, er, probably make you a squillion dollars. Which might be your plan, I guess. 🙂

    Comment by His Former Clamness — July 15, 2009 @ 12:04 pm

  2. I have no pretensions to art (and fortunately it’s too late to get an option on a garret). Something between those two extremes will do nicely. As long as I can slip in the occasional clever turn of phrase and frequent explosions, I suspect my gnawing hunger to write will be satiated.

    Comment by lexifab — July 20, 2009 @ 9:34 pm

  3. So has Matthew Reilly written anything lately?

    Comment by winstoninabox — July 30, 2009 @ 12:50 pm

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