Money magazine Comments - The Barefoot guide to buying your home in 20 months For many people the great Australian dream may seem out of reach. But Barefoot Investor Scott Pape says you can buy your own home, you just need a plan. https://www.moneymag.com.au/feed/latest?story=141427950 Thu, 07 Sep 2017 05:10:41 +1000 Thu, 07 Sep 2017 05:10:41 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - The Barefoot guide to buying your home in 20 months https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by zibi ()

Hi Scott,

I followed your path intuitively and still do.

As a happy owner of more-than-decade home I cannot agree more with everything you said. Some guardian angel saved me from major mistakes.

It's also interesting to know that the market and problems in Au and in Europe are very similar.

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]]> zibi () Thu, 07 Sep 2017 05:10:41 +1000 Comment by mick stewart ()

Hi Scott couldnt agree more.

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]]> mick stewart () Wed, 13 Dec 2017 18:26:47 +1100 Comment by Jessica ()

I am currently reading your book and have just got to this section, I would like to know why we shouldn't have our parents go guarantor for us? I have been told that we won't need to pay LMI if we use our parents?

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]]> Jessica () Mon, 19 Mar 2018 17:02:49 +1100 Comment by Randolph ()

Property prices have now been falling for approximately 18 months...

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]]> Randolph () Wed, 06 Mar 2019 08:12:50 +1100 Comment by Liam ()

Hi Scott

Regarding "Mistake 4: They rent but forget to save" - if someone decides to rent instead of paying off a mortgage, how much extra do they need to save to ensure they're no worse off down the track? Instead of 20% going into Fire Extinguisher for investing should it be 25%? 30%? And therefore should our Daily Expenses be reduced from 60% to 55 or 50%?

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]]> Liam () Mon, 15 Apr 2019 06:17:52 +1000 Comment by Yeah nah NH ()

Three years later none of this advice is solid. Houses prices currently rise.more than $1200 a day! I am writing this at at the end.of 2021. Labour just folded on scrapping negative gearing. All the advice is now "use your parents property as a garuntee"

Game over.

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]]> Yeah nah NH () Sat, 31 Jul 2021 00:25:46 +1000