Bogan King posted:

Actually he was told by DIBP this was the fastest way to get him a visa.

------------------------------

https://twitter.com/NickEvershed/status/863916337755705344

JBP posted:

poetry.

Bogan King posted:

NTRabbit posted:

The reason Brandis is done is because of his role in helping the WA state government to try to steal the Alan Bond money via midnight legislation, by trying to instruct the solicitor general to tank the case in the high court, everything else is a distraction so nobody asks.

quote:

A YOUNG rich lister who made his fortune off the back of Australia’s capital city property boom says his generation needs to stop buying $4 coffees and travelling if they want to own a home.

Developer Tim Gurner, 35, is worth nearly half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market.

“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” he told 60 Minutes in a segment exploring Australia’s housing affordability crisis.

“You have to start to get realistic about your expectations. There is no question we are at a point now where the expectations of younger people are very, very high.

quote:

He started out by taking over a lease on a suburban gym as a 19-year-old, using $34,000 given to him by his grandfather.

quote:

“You might have to buy an investment property first, you might have to share with mum and dad, you might have to buy with a friend, but you’ve got to get your foot in the door and you’ve got to slowly get up the ladder.”

quote:

“I always wanted to be in every state,” he said back in 2014. “I tried Sydney but it’s virtually impossible to buy up there."

Zenithe posted:

Watch This Immediately

Blair Cottrell went on talkback radio. It's hilarious.

JBP posted:

I love that Blair has been taking elocution lessons online or something.

CrazyTolradi posted:

Even then he still comes across as a rambling tin foil idiot.

Don Dongington posted:

My dad, in response to that article:

"When I was a young adult starting out in my first home, I earned $90 a week.

Our mortgage was $32 a month. I spent more money on hi fi gear than housing."

Guardian posted:

Cory Bernardi has said his Australian Conservative party has had a surge of more than 700 new members in the days since the Coalition’s budget, with many of them resigning from the Liberal party.

The former Liberal said there had been huge pushback from the Liberal party base over the budget – which increased taxes on banks and the Medicare levy for the National Disability Insurance Scheme.

“There’s huge pushback,” Bernardi told Guardian Australia. “A lot of people are copying me into emails to local Liberal branches announcing their intention to finally resign.”

Bernardi said while he had not had a chance to look at all the emails, new members tended not to nominate a particular budget measure – it was more about the vibe.

“It is a bit like the Castle, it was the vibe,” Bernardi said. “It could be commitment to new taxes, the abandonment of principle, the idea that the Liberal party is not the party they were meant to be.”

He described John Howard’s criticism of the budget as extraordinary. “I think the Liberal base are thinking this is not the party we joined, we didn’t join the Malcolm Turnbull Lib team, we didn’t join an imitation of the Liberal party that believes in these things,” Bernardi said.

“They might not be the 51% of Australia but they are a substantial minority. They are saying we are concerned at the level of taxes and the size of government and the major parties seem to have thrown up their hands.”

The South Australian senator said his new members had come largely from Victoria, New South Wales and Queensland.

So far, the reaction on the government benches to the budget has been mostly supportive. While some MPs privately report that the Liberal base has been unhappy about the tax increases, there has been little overt criticism of individual budget measures.

While Tony Abbott quipped about his less than enthusiastic applause for the treasurer, he endorsed some budget measures such as the welfare changes, the infrastructure package, small business tax breaks and the defence spending.

Liberal MP Craig Kelly said during his electorate events over the weekend, constituents were concerned about the level of debt but could not agree on what needed to be done.

“I was at a number of street stalls and everyone was concerned about level of debt, saying more needs to be done,” he said. “But when you ask them where the cuts should be, everyone comes up with a different answer.”

He said there seemed to be general support for the increase in the Medicare levy by 0.5% to fully fund the National Disability Insurance Scheme but there was some concern over the effect of the $6.2bn bank tax on superannuation funds and the share prices.

Bogan King posted:

Bogan King posted:

700 new members join Bernardi Party, taking membership up to a record 701

JBP posted:

$500 a week for 5 years is what it takes in Melbourne ($142,000).

If someone gave me $140k the last thing I'd do it buy a house. You can turn that poo poo into a pretty decent passive income, work part time and do poetry.

hooman posted:

Surely you can't get a great deal of passive income off 140k?

Don Dongington posted:

Reposted that article on Faceboomer - here's some fun responses from brainwashed Gen Ys:

"Who saves 20% for a house deposit though? Pretty much no one that's why mortgage insurance is a standard option and the one off premium capitalized on top of the mortgage amount. Should be able to save 5% in a little over a year. Which is all you really need to own your own home. Also the median house price of 500k is not what you need to get into the market either. Plenty and plenty of nice and decent established homes in various suburbs under 400k."

"Who the hell is buying a median price house for their first?!? Houses just sold in Girrawheen - brand new for $370k. It's partly the weird urge to buy the home you'll die in, when you don't have to..."

Trying to explain to these morons (who, incidentally, live in much nicer houses than the ones they're suggesting people buy) that those sub-400k houses in suburbs that 15 years ago were a long distance call from the city are a really poor investment. The bottom and top of the market always falls the hardest when a housing bubble bursts, and those people buying at 95% LVR are now closer to 110 or worse, in a market that's not loving moving. Most of the people in my suburb would be lucky to get $330 for a house that was valued at $450 last winter.

This poo poo is terrible advice, and you only see it from fuckheads in their late 30s that got it before poo poo got bad.

Lid posted:

QandA tonight will feature loud protests so thats going to be a thing.

Lid posted:

QandA tonight will feature loud protests so thats going to be a thing.

JBP posted:

It depends what you do with it, but if you put it in an investment account that mirrored my super fund's mix of investments it would make more than $10k a year, which is all my rent paid in full.

Lid posted:

QandA tonight will feature loud protests so thats going to be a thing.

JBP posted:

What is the theme for tonight's episode of Unwatchable poo poo Factory?

Futuresight posted:

I see you don't live in Sydney.

JBP posted:

I live in Melbourne, which isn't as bad (it's not quite in full, but it's 90% of my rent). Do Sydney rents run over $1000 a month for sharing with another person??

Futuresight posted:

That actually sounds about right if you're sharing in Sydney, depending on various factors of course like where exactly in Sydney.

JBP posted:

I just smashed Redfern into the rental house website and a 2br rough looking townhouse was $650p/w lmao.

Holy poo poo if you want to live off the street in a tiny apartment they're charging $650p/w... Magnificent.