|
SynthOrange posted:A national tragedy: I will not be surprised when it turns out that Clive accidentally burnt Jeff down while riding him naked with sparklers in his anus.
|
#
?
Mar 2, 2015 23:55
|
|
|
|
| # ? May 20, 2024 20:38 |
|
|
SynthOrange posted:A national tragedy: 
|
|
#
?
Mar 2, 2015 23:57
|
|
|
It was a women on Qanda. Cambell Newman got his revenge on the Trex.
|
|
#
?
Mar 2, 2015 23:57
|
|
|
Government, Labor block calls for investigation into Adani coal development http://www.theage.com.au/business/m...source=facebook quote:The federal government and Labor have used their numbers to block an inquiry into which companies or individuals control Australia's largest coal development.
|
|
#
?
Mar 2, 2015 23:58
|
|
|
Labor.  Comstar posted:
Gonna lol when this turns out to be what happened.
|
|
#
?
Mar 3, 2015 00:13
|
|
|
Halo14 posted:Government, Labor block calls for investigation into Adani coal development Dodgy as gently caress. Here's hoping that Queensland Labor has the guts to look into this shitstain of a company.
|
|
#
?
Mar 3, 2015 00:20
|
|
|
Dinosaur revealed to be robot in disguise.
|
|
#
?
Mar 3, 2015 00:27
|
|
|
Mithranderp posted:Dodgy as gently caress. They've at least already decided not to give them a billion dollars for literally no reason.
|
|
#
?
Mar 3, 2015 00:30
|
|
|
Goodnight sweet prince
|
|
#
?
Mar 3, 2015 00:31
|
|
|
Status on Cleivs titanic II? 
|
|
#
?
Mar 3, 2015 00:34
|
|
|
SynthOrange posted:Dinosaur revealed to be robot in disguise. RIP Jeff. I'll pour out some beer at TONIGHT'S ADELAIDE GOON MEET.
|
|
#
?
Mar 3, 2015 00:40
|
|
|
Mad Katter posted:RIP Jeff. Unfortunately I can't make it. Hope everyone has a good time.
|
|
#
?
Mar 3, 2015 00:51
|
|
|
V for Vegas posted:That site has been writing Australian property bubble stories for 5 years. They'll be right eventually! No one in history has ever thought that their over-inflated market is the exception before!
|
|
#
?
Mar 3, 2015 01:08
|
|
|
I think the housing bubble popping and a subsequent recession would actually be a good thing for me personally so for purely selfish reasons I'm all for it.
|
|
#
?
Mar 3, 2015 01:17
|
|
|
hiddenmovement posted:I think the housing bubble popping and a subsequent recession would actually be a good thing for me personally so for purely selfish reasons I'm all for it. You mean so already wealthy people can buy up more property at deflated prices while everyone else struggles with job security?
|
|
#
?
Mar 3, 2015 01:23
|
|
|
Yeah, the only people who would benefit from a recession are people with the capital to buy up a bunch of property at low prices and wait for the next bubble.
|
|
#
?
Mar 3, 2015 01:25
|
|
|
Ragingsheep posted:You mean so already wealthy people can buy up more property at deflated prices while everyone else struggles with job security? I expect it would mean a drop in the value of the dollar sending all that foreign currency I've got surging without impacting my day to day income. I mean for all of you regular job havers it would suck but I did say it was utterly selfish.
|
|
#
?
Mar 3, 2015 01:26
|
|
|
Is it not typical for young people to be hoping for a bubble burst so that we can actually afford our own homes one day like our parents did? I know I am. How else are going to end the current unjust system, i.e. the bubble, if not by it bursting? I know it would have all kinds of horrible flow-on effects but I don't want to rent my entire life. And sure the massively wealthy would also benefit by hoovering up properties, but they benefit from the current system, and they will always benefit under any economic cirumstances, by dint of being massively wealthy, so, um?
|
|
#
?
Mar 3, 2015 01:29
|
|
|
Mad Katter posted:RIP Jeff. I have to work - have a beer for me and Jeff
|
|
#
?
Mar 3, 2015 01:30
|
|
|
If the bubble bursts people like me who have a mortgage on their one and only home will see their interest rates skyrocket and that's going to suck  Plus our houses will be worth less then what we're paying for them. The bubble bursting will be good for those looking to get into the market, and as you've said the wealthy can absorb the shock, it's those in the middle who'll cop it. You'll see a lot of people unable to pay back their home loans.
|
|
#
?
Mar 3, 2015 01:32
|
|
|
So far in it's short history the NTATA* government has lost two ministers: Arthur Sinodinos - Assistant Treasurer. David Johnston - Defence. One for findings of corruption that are only being stalled from going further by a claim of blatant incompetence. The other for what amounted to political suicide by incompetence. Muppet Ministry blah blah blah. Unfortunately this doesn't gel well with their previous dialogue about why they have so few women in cabinet. You might remember the reason given was there was such a huge number of talented people.  Now I'm not having a go at Sussan Ley here but it was more a case of so little talent they had to try and fill spots with who ever they thought looked most believable and being staunch patriarchs to a man it was inevitably a man.You can't defend Sinodinos on the basis of a surfeit of talent, well not with out reopening the pesky corruption question to further scrutiny. I hear people who should know tell me Johnston was an actual defenc-phile and had a broad knowledge of the portfolio that was quite unprecedented in a minister. That unfortunately doesn't make him a competent minister. His gaff was so spectacular that even the crown prince of gaff had to throw him under the bus. If they go forward with a spill it will be fascinating to see who gets pushed in and out of the ministry but I assure you there won't be a surfeit of talent, not even if they only elevated women. I previously mentioned Josh Frydenberg and his 'trajectory' for surplus. I really wish that our media pack would listen for and identify the upcoming buzz words and stomp them into the ground as a matter of course. He was on the radio again talking about the new trajectory to surplus and it is such a load of twaddle that he needs to be picked up on it every time. The official dumping of the Medicare co-payment and 46 billion in previous budget measures remaining unpassed are just towering stacks of embarrassment waiting to be dropped on this muppet by an alert and informed journalist. Has there ever been a less successful government? I really don't know what the Tele thinks it is playing at here.  Lets assume they have fingered the right bloke. If I was his defence council I'd have this front page out of my briefcase and in front of the judge before you can even think 'mistrial'. Even worse if it turns out the po po stitch him up Lindi Chamberlain style on the basis of hostile media reporting. Australian's seem to have the shallowest understanding of due process and judicial fairness of anywhere in the universe. Could this be the straw that forces the press council's hand -/- Property bubble anecdote. It has already burst here on the Mid North Coast. The state valuations office has written millions of dollars off local commercial real estate and prices in both residential and commercial are lower than they were twenty years ago. There was a sustained rise due to Sydney-siders buying up 'cheap' properties but it ran out of steam about ten years ago. Maybe the state government should consider a massive tax on Sydney properties to slow sales volumes. That's what conventional economics would suggest as a break on run away growth. Dropping federal interest rates may actually crash the whole economy. The RBA's statement this time will be very sobering reading. * Noted Torture Apologist Tony Abbott
|
|
#
?
Mar 3, 2015 01:36
|
|
|
Why did you get a mortgage?
|
|
#
?
Mar 3, 2015 01:39
|
|
|
freebooter posted:Is it not typical for young people to be hoping for a bubble burst so that we can actually afford our own homes one day like our parents did? I know I am. How else are going to end the current unjust system, i.e. the bubble, if not by it bursting? Slow deflation of the bubble is probably more desirable.
|
|
#
?
Mar 3, 2015 01:39
|
|
|
Yeah, there will be defaults across the board if the bubble pops. People are failing to pay their utility bills in record numbers as it is. I'm really not enamoured with the idea of owning property though, I think I would prefer a more liquid form of investment like stocks, and rental prices at the moment are very competitive with rent. My Nepalese housemate has to go home today due to a serious illness within the family. He's having a very hard time of it right now. So naturally his shithead employer is refusing to pay him a good chunk of last weeks salary because he 'failed to give adequete notice of at least 3 weeks'. Good ppl us Aussies.
|
|
#
?
Mar 3, 2015 01:40
|
|
|
Welsper posted:Why did you get a mortgage? Home loan, sorry.
|
|
#
?
Mar 3, 2015 01:41
|
|
|
freebooter posted:Is it not typical for young people to be hoping for a bubble burst so that we can actually afford our own homes one day like our parents did? I know I am. How else are going to end the current unjust system, i.e. the bubble, if not by it bursting? How are you going to afford a house during a recession when unemployment rises and young people are the first to get cut? The best way to increase affordability of housing would be a combination of gradually removing investment incentives for second hand property such as negative gearing, the discount on capital gains, etc while at the same time increasing the supply of housing, especially to first home buyers (somehow). MysticalMachineGun posted:If the bubble bursts people like me who have a mortgage on their one and only home will see their interest rates skyrocket and that's going to suck Rates won't increase. They'll decrease and if you're lucky enough to keep your income stable, then you'd do quite well. Also the value of your property falling has little impact on you if you don't plan/need to sell during the downturn. Ragingsheep fucked around with this message at 01:45 on Mar 3, 2015 |
|
#
?
Mar 3, 2015 01:43
|
|
|
I want to watch the bubble burst and the Australian economy implode into a gaping black hole just because some men want to watch the world burn
|
|
#
?
Mar 3, 2015 01:44
|
|
|
Cartoon posted:
That van actually says Peddo's?
|
|
#
?
Mar 3, 2015 01:48
|
|
|
The government could build a bunch of social housing that approved (lower incomes, don't own any other property) people could occupy and choose to buy at very favourable rates. Of course if they did this I'm sure we'd end with some sort of 1960s tower block nightmare, but it's a possibility.
|
|
#
?
Mar 3, 2015 01:49
|
|
|
Zenithe posted:That van actually says Peddo's? That's probably the entire reason he's a suspect
|
|
#
?
Mar 3, 2015 01:50
|
|
|
hiddenmovement posted:Yeah, there will be defaults across the board if the bubble pops. People are failing to pay their utility bills in record numbers as it is. I'm really not enamoured with the idea of owning property though, I think I would prefer a more liquid form of investment like stocks, and rental prices at the moment are very competitive with rent. I want to buy a home, not an investment. Renting isn't as bad as older Australians seem to think it is, but I hate having to prove myself as worthy to real estate agents. (In fact I've never managed to do so; I've always moved into pre-existing sharehouses.) I know it's fashionable to scoff at the Great Australian Dream but I honestly think you'd be nuts to want to rent your entire life. It's all well and good when you're young and it's not such a big deal if your landlord decides not to renew your lease, but I can't imagine that's much fun if you have kids, or are elderly. I feel bad for the people that bought into the "buy low on the ladder and move up" idea, who will be stuck living in some lovely two bedroom unit for decades to come and/or lose hundreds of thousands of dollars, but, well, shouldn't have bought during a bubble. And even if the bubble pops, I will still never buy a house unless I'd be comfortable settling down there for decades. You never know what might happen.
|
|
#
?
Mar 3, 2015 01:52
|
|
|
Ragingsheep posted:Rates won't increase. They'll decrease and if you're lucky enough to keep your income stable, then you'd do quite well. Also the value of your property falling has little impact on you if you don't plan/need to sell during the downturn. Rates can't decrease/stay low forever. Forgive my economic ignorance, but if house prices are down and people are taking out smaller loans, wouldn't banks want higher interest rates to keep their profits coming in? We're not really thinking of moving or selling any time soon (haven't even been in this house for one year) but it'd suck if we needed to get a bigger place or had to move for any other reason and the new place is out of our range due to falling house prices meaning our home is not worth what we're currently paying off.
|
|
#
?
Mar 3, 2015 01:53
|
|
|
Even if the bubble pops, we're never actually going to go back to the days of our parents and grandparents where a house cost maybe 4x your annual salary, are we? Because I feel like that was a situation of low population and small cities, which is simply over unless you're buying in Bunbury or Bathurst. Like, I know the market is officially "over-valued," but what does that mean it should "properly" be?
|
|
#
?
Mar 3, 2015 01:55
|
|
|
freebooter posted:I want to buy a home, not an investment. Renting isn't as bad as older Australians seem to think it is, but I hate having to prove myself as worthy to real estate agents. (In fact I've never managed to do so; I've always moved into pre-existing sharehouses.) I know it's fashionable to scoff at the Great Australian Dream but I honestly think you'd be nuts to want to rent your entire life. It's all well and good when you're young and it's not such a big deal if your landlord decides not to renew your lease, but I can't imagine that's much fun if you have kids, or are elderly. The possibility that your landlord kicks you out is a pain, I'll give you that, but it cuts both ways. If you own a home and want to move, you've got to call the estate agent, pay them a gently caress load, have a photographer around arrange viewings wait with baited breath throughout an auction etc etc. It's a gigantic gently caress off pain in the arse. If you want to move when renting, you wait for the lease to expire and you're free to go (and deal with all the bullshit that comes with househunting but you do that in both scenarious anyway).
|
|
#
?
Mar 3, 2015 02:03
|
|
|
If you guys like I can do a housing bubble effort post tonight about it all.
|
|
#
?
Mar 3, 2015 02:05
|
|
|
Les Affaires posted:If you guys like I can do a housing bubble effort post tonight about it all. Never not effort post.
|
|
#
?
Mar 3, 2015 02:06
|
|
|
Les Affaires posted:If you guys like I can do a housing bubble effort post tonight about it all. I'd love to see it.
|
|
#
?
Mar 3, 2015 02:07
|
|
|
MysticalMachineGun posted:Rates can't decrease/stay low forever. Forgive my economic ignorance, but if house prices are down and people are taking out smaller loans, wouldn't banks want higher interest rates to keep their profits coming in? The national interest rate is set by the reserve bank which loans money to the other banks. They then loan out that money at whatever rate they want, which tends to hug the national rate pretty closely because if they had their rates too high then a competitor would undercut them and people would move their loans over to the competitor. Of course with 4 big banks controlling most of the loans they have a tendency to agree to sometimes not lower their rates together when the reserve bank does, but you won't see them suddenly increasing their rates by a large amount if the reserve bank keeps their rates down.
|
|
#
?
Mar 3, 2015 02:11
|
|
|
Alright, I'll write one up. It'll be about 11pm EST tonight so bear that in mind. If somebody wants to do one sooner then by all means.
|
|
#
?
Mar 3, 2015 02:11
|
|
|
|
| # ? May 20, 2024 20:38 |
|
|
Zenithe posted:That van actually says Peddo's? 
|
|
#
?
Mar 3, 2015 02:17
|
|