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So what political party should I join in Queensland.
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# ? Jun 26, 2017 10:28 |
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# ? Jun 5, 2024 05:06 |
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Start your own and run as an independent.
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# ? Jun 26, 2017 10:30 |
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I hear the LNP are cool and good.
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# ? Jun 26, 2017 10:30 |
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Anidav posted:So what political party should I join in Queensland.
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# ? Jun 26, 2017 10:46 |
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We demand doctors that are adequate!
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# ? Jun 26, 2017 10:46 |
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I would blow Dane Cook posted:We demand doctors that are adequate!
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# ? Jun 26, 2017 10:49 |
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We will deliver improve law and order
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# ? Jun 26, 2017 11:00 |
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bowmore posted:We will deliver improve law and order Resurrect jerry orbach
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# ? Jun 26, 2017 11:06 |
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Detainees at manus got knifed, waiting for medivac (if ever)
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# ? Jun 26, 2017 11:19 |
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Lid posted:Timeline doesnt line up. quote:GNSW position on Gonski, May 3rd fuckin hell m8
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# ? Jun 26, 2017 11:20 |
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Birdstrike posted:At present we're in this sort of weird equilibrium position where the RBA can't raise interest rates because the economy and wages are underperforming but it can't raise rates (by say .5%) because the housing market will tank. Interest rates are already rising on the international bond markets which raises the cost of borrowing for our banks because they borrow money through those to lend to people. Our banks aren't just going to sit there and cop a hit to their revenue so they'll pass on those rate rises on to people who borrow from them. freebooter posted:Looking at the graphs, Japanese land did fall back to the mean in the same amount of time it went up - which I guess is what a deflating rather than bursting bubble is. EoinCannon posted:I don't know much about economics but are real estate bubbles different from other kinds of bubbles due to the fact that every person needs a dwelling and the amount of people will always (for the forseeable future) increase? It's not like other speculative bubbles where the commodity has no real value and it bursts dropping prices down to zero/gently caress all, like the tech bubble or the Dutch Tulip mania. The number of investors relying on a capital gain make our situation unique. A plateau or slow decline risks causing a rapid sell off by investors looking to cash in before their capital gain is whittled away. It all stems from negative gearing and the capital gain discount, most of these investors are making losses to reduce their effective income in the short term and cash in eventually when they sell their properties for a big, fat, favourably taxed profit. Without that capital gain at the end they've just been making losses for a decade or so, so you can imagine they'll be pretty quick to sell if they think the market has peaked. From memory something like 40% of properties in Australia are owned by investors. A sizable chunk of those are bought using interest only loans, which leaves the investor dependent on rising house prices in order to not go completely underwater. So in some respects the housing market is like a speculative bubble - they've speculated that prices will keep rising forever and left themselves horribly exposed in the event that it doesn't. I guess in some ways it's worse than a share market bubble because where most of those leave you with just a bunch of worthless shares (assuming you haven't borrowed to buy in), this has the potential to leave people with debt worth far more than the asset i.e. less than nothing.
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# ? Jun 26, 2017 11:23 |
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Quantum Mechanic posted:fuckin hell m8 read what was quoted mate, the position isnt the GNSW six weeks ago it was LEE six weeks ago. if you're going to continue this bad faith bullshit please just leave in on facebook with the rest, or continue to say "everyone could see it" in a folder draw guarded by a sign labelled beware of the panther quote:The Greens party room is considering expelling New South Wales senator Lee Rhiannon because she has already been censured twice for breaking party rules. Lid fucked around with this message at 11:34 on Jun 26, 2017 |
# ? Jun 26, 2017 11:23 |
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https://twitter.com/SkyNewsAust/status/879266366787690497 Who's the biggest tosser in this video?
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# ? Jun 26, 2017 11:42 |
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Lee's position is the GNSW position The GNSW position was made up 6 weeks ago Therefore you're literally being pissflaps
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# ? Jun 26, 2017 11:44 |
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gay picnic defence posted:Lots of explanation... Thanks!
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# ? Jun 26, 2017 11:47 |
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I so want to see a government slap down a ban on residential investment property. Just BAM no more owning residential property you don't live in. Oh, this property you own is classified as residential and you don't live in it? Well you better sell it to someone who will right sharpish or it's government property for free and we'll auction it off with no minimum, or turn it into social housing. You'd be able to see the toff meltdowns from space.
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# ? Jun 26, 2017 11:48 |
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Futuresight posted:I so want to see a government slap down a ban on residential investment property. Just BAM no more owning residential property you don't live in. Oh, this property you own is classified as residential and you don't live in it? Well you better sell it to someone who will right sharpish or it's government property for free and we'll auction it off with no minimum, or turn it into social housing. You can probably achieve more or less the same thing without turfing every tenant in the country onto the street by implementing a Great Big New Tax on vacant properties
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# ? Jun 26, 2017 11:51 |
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Aesculus posted:Lee's position is the GNSW position Except they bound her five days ago, and the argument was "she was bound nothing could be done". Either she'd been arguing she didn't know what was happening for the last six weeks, or she was deliberately lying to the party and not presenting in good faith hence why the nine other federal members told her to go jump. She never told them she was going to consciously oppose, she broke their rules, they're mad at her for acting in bad faith and lying to them. Calling it a pissflaps is a stretch and everyone now saying "oh she was always going to do this" seems to be acting on knowledge they had that the 9 others didn't or that she specifically misrepresented to them. Edit: not aided by earlier Quantum saying blame us, not her, because we bound her which was five days ago. There is something fishy as hell there, and either we accept Lee has been mislead by the NSW Greens and is going to take the punishment for it, or both were misleading and she's going to take the fall while they argue NO DON'T BLAME LEE IT WAS USSSSSSS.
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# ? Jun 26, 2017 11:53 |
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That is less fun. But I see your point on the tenants so we can just give them the right to refuse sale of the property they live in. So every rental property would revert to social housing unless the tenants wanted to move out.
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# ? Jun 26, 2017 11:54 |
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TF2 HAT MINING RIG posted:I don't see how house prices "plateauing" is supposed to fix things, without endless growth where will the endless profit come from? "Fix things" implies that people see a problem in the first place. When a majority of citizens are Gen X or older and are doing fairly nicely out of rising property prices, they don't care that the younger generation are locked out of the market. If prices remain at the $1 million plus mark, they can just pass their own million-dollar brick shithouse onto their kids when they die, and all the poorer people whose parents never got into the market remain locked out and nobody cares... ...although I suppose then when you're splitting a $1 million property amongst two or three kids, and they have to sell it to divvy it up, they only get half a mil each? So in this non-bubble bursting scenario they can then only afford a smaller house or an apartment themselves, and then maybe it takes, like, two generations for wages and inflation to catch up to plateauing house prices in the year 2060, at which point an ordinary twentysomething on ordinary wages can buy a house again. 2060 sounds about right. Except I don't think this will actually happen because there are far more factors at play in propping up the bubble than just the iron willpower and belief of the boomers. gay picnic defence posted:So in some respects the housing market is like a speculative bubble - they've speculated that prices will keep rising forever and left themselves horribly exposed in the event that it doesn't. I guess in some ways it's worse than a share market bubble because where most of those leave you with just a bunch of worthless shares (assuming you haven't borrowed to buy in), this has the potential to leave people with debt worth far more than the asset i.e. less than nothing. Aren't all bubbles speculative bubbles? This one certainly is - as you point out, the prevalence of interest-only mortgages alone is proof of that.
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# ? Jun 26, 2017 11:56 |
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IMO make mortgages like HECS, and wipe out CG discounts and negative gearing entirely. Of course people with the means to do so will still be able to invest, but it'll put an end to twats with a few bob in equity from chaining multiple mortgages and turning the whole thing into a loving joke.
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# ? Jun 26, 2017 12:00 |
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The shame of it is that when it all collapses like a house of cards you can guarantee the government of the day will ride up and bail all the shithead property flippers out of their millions of dollars in debt and they'll probably increase HECS repayments or something to pay for it all
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# ? Jun 26, 2017 12:07 |
Aesculus posted:
loving steady on mate, Lid's got a while to go to master that concern trolling / just asking questions / pedantry that pissflaps has mastered to a loving art form
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# ? Jun 26, 2017 12:14 |
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gay picnic defence posted:The shame of it is that when it all collapses like a house of cards you can guarantee the government of the day will ride up and bail all the shithead property flippers out of their millions of dollars in debt and they'll probably increase HECS repayments or something to pay for it all I've never marched a protest in my life but I'd loving march for this edit - god that makes me as bad as the boomers doesn't it? go ahead and gently caress up the planet but don't you dare touch my bank balance
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# ? Jun 26, 2017 12:29 |
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# ? Jun 26, 2017 12:47 |
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Keep going.
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# ? Jun 26, 2017 12:50 |
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PaletteSwappedNinja posted:Keep going. swan b dent greens dish
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# ? Jun 26, 2017 12:52 |
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PaletteSwappedNinja posted:Keep going. Red Dingbats Hens News
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# ? Jun 26, 2017 13:08 |
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gay picnic defence posted:You can probably achieve more or less the same thing without turfing every tenant in the country onto the street by implementing a Great Big New Tax on vacant properties Vacant properties in Paris get taxed at 60% of the expected rental return.
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# ? Jun 26, 2017 13:31 |
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Bandt Whinges Redness
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# ? Jun 26, 2017 13:31 |
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Do ones for "Disband the New South Wales greens", I need a U to make dingus.
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# ? Jun 26, 2017 15:12 |
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Last nights mediawatch is worth a watch. It's on the lovely, lovely response of Australian columnists to the Grenfell Tower fire.
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# ? Jun 26, 2017 22:54 |
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I would blow Dane Cook posted:https://twitter.com/SkyNewsAust/status/879266366787690497 I didn't watch it, as it's both News Corpse and Bolt, but I'm guessing there's no winner. Only losers.
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# ? Jun 26, 2017 23:19 |
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Zenithe posted:Last nights mediawatch is worth a watch. It's on the lovely, lovely response of Australian columnists to the Grenfell Tower fire. Umm, every mediawatch is worth a watch.
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# ? Jun 26, 2017 23:54 |
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# ? Jun 27, 2017 00:11 |
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We'll start to see all levels of government shift their policy decisions based on this data any day now
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# ? Jun 27, 2017 00:19 |
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Looking forward to PHON response
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# ? Jun 27, 2017 00:21 |
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The swamping has begun.
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# ? Jun 27, 2017 00:21 |
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noice
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# ? Jun 27, 2017 00:28 |
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# ? Jun 5, 2024 05:06 |
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I would blow Dane Cook fucked around with this message at 00:31 on Jun 27, 2017 |
# ? Jun 27, 2017 00:28 |