|
What's the issue with using immigration as a policy lever to achieve some objective? In the current context of low wage growth and high under employment it makes sense to squeeze the labor pool a bit by reducing the intake of immigrants, and if we ever have another mining boom and unemployment falls to 3% or whatever it would make sense to increase our immigration intake.
|
#
?
Mar 12, 2018 03:37
|
|
|
|
| # ? May 23, 2024 12:49 |
|
|
Population growth isn't the same as immigration. Immigration as a part of population growth is the number that was lowballed. Population growth from births is fairly accurate on the other hand.
|
|
#
?
Mar 12, 2018 03:37
|
|
|
gay picnic defence posted:What's the issue with using immigration as a policy lever to achieve some objective? In the current context of low wage growth and high under employment it makes sense to squeeze the labor pool a bit by reducing the intake of immigrants, and if we ever have another mining boom and unemployment falls to 3% or whatever it would make sense to increase our immigration intake. idk controlling people in/out is a default racist policy.
|
|
#
?
Mar 12, 2018 03:39
|
|
|
Stop saying that building more roads will fix congestion. TIA.
|
|
#
?
Mar 12, 2018 03:39
|
|
|
Periphery posted:Stop saying that building more roads will fix congestion. TIA. gently caress off.
|
|
#
?
Mar 12, 2018 03:40
|
|
|
Build more trains
|
|
#
?
Mar 12, 2018 03:41
|
|
|
This may shock you but roads actually cause more congestion.
|
|
#
?
Mar 12, 2018 03:41
|
|
|
This may shock you but infrastructure includes roads, rail, schools, hospitals, services, etc.
|
|
#
?
Mar 12, 2018 03:43
|
|
|
Anidav posted:This may shock you but roads actually cause more congestion. unless you make all the new roads one way, and they all go into the sea
|
|
#
?
Mar 12, 2018 03:44
|
|
|
Ok so the solution is to build one really long train with a series of carriages equipped as hospitals and another series of carriages equipped as schools. I call it the Infrastructure Train.
|
|
#
?
Mar 12, 2018 03:47
|
|
|
Build a train Bunnings imo
|
|
#
?
Mar 12, 2018 03:48
|
|
|
GoldStandardConure posted:unless you make all the new roads one way, and they all go into the sea Start The Cars
|
|
#
?
Mar 12, 2018 03:50
|
|
|
hyperloop but for 24/7 sausage sandwich delivery
|
|
#
?
Mar 12, 2018 03:52
|
|
|
https://twitter.com/Studio10au/status/971892265290313728
|
|
#
?
Mar 12, 2018 03:56
|
|
|
Um he is actually a semi professional pornographer.
|
|
#
?
Mar 12, 2018 03:57
|
|
|
Tokamak posted:hyperloop but for 24/7 sausage sandwich delivery The Alameda-Weehawken Burrito Tunnel posted:The story begins in any of the three dozen taquerias supplying the Bay Area Feeder Network, an expansive spiderweb of tubes running through San Francisco’s Mission district as far south as the “Burrito Bordeaux” region of Palo Alto and Mountain View. Electronic displays in each taqueria light up in real time with orders placed on the East Coast, and within minutes a fresh burrito has been assembled, rolled in foil, marked and dropped down one of the small vertical tubes that rise like organ pipes in restaurant kitchens throughout the city.
|
|
#
?
Mar 12, 2018 04:00
|
|
|
Where did the "Infrastructure PM" go...
|
|
#
?
Mar 12, 2018 04:41
|
|
|
JBP works for Transurban.
|
|
#
?
Mar 12, 2018 04:42
|
|
|
No one in the thread had said anything remotely like roads will fix congestion during that discussion about immigration, but ok dude.
|
|
#
?
Mar 12, 2018 04:55
|
|
|
Anidav posted:Ok so the solution is to build one really long train with a series of carriages equipped as hospitals and another series of carriages equipped as schools. Snowy Mountain Piercer. JBP I can understand where you are coming from. It's quite possible that you're right and we've all been so primed by toxicity over the last few years that articles about the problems with a lack of investment in infrastructure (which is the actual problem) discussing immigration seems like it's setting up political goalkicking from Tony Abbott et al. In the context of the recent rhetoric coming out of them to me it feels gross, but that might just be because I expect the worst these days.
|
|
#
?
Mar 12, 2018 05:15
|
|
|
https://twitter.com/DeaExLena/status/973001995622608898
|
|
#
?
Mar 12, 2018 05:58
|
|
|
There's an article up on the Brisbane times at the moment about how two university drop outs are making a gently caress load of money growing legal Hemp. The article ends noting how their parents gave them $100k. Every successful young person article ends like this.
|
|
#
?
Mar 12, 2018 07:07
|
|
|
JBP posted:No one in the thread had said anything remotely like roads will fix congestion during that discussion about immigration, but ok dude. JBP posted:They do if you don't have enough roads. It's not simply fine to blame planning and previous policy for everything then do nothing to address it in the now. Unless you've got a time machine to fix the past, immigration is a stressor on cities and their ability to service growing populations. Ok dude
|
|
#
?
Mar 12, 2018 07:20
|
|
|
JBP posted:No one in the thread had said anything remotely like roads will fix congestion during that discussion about immigration, but ok dude. Hmm, yes just let me check... Birdstrike posted:The previous Lib MP for Lindsay said in 2013 that refugees cause traffic congestion and now the ABC is presenting the dog-whistle as serious journalism. JBP posted:They do if you don't have enough roads.  Edit: I'll get you for this, Knobb Manwich!
|
|
#
?
Mar 12, 2018 07:21
|
|
|
hooman posted:Snowy Mountain Piercer. This is absolutely playing into the conservative hands as well, given they use immigration to distract people from inadequate and crumbling infrastructure.
|
|
#
?
Mar 12, 2018 07:22
|
|
|
Love to welcome highly skilled workers into my country where graduate jobs are extremely hard to come by. Baby boomers need more money from their shares. Even caring for a second about the middle class youth of our country is dog whistling. Genius Australian guide to fixing expertise shortages: let companies bring in mid level people with skills for cheap in perpetuity while graduates are never given jobs or skilled up gucci bane fucked around with this message at 08:12 on Mar 12, 2018 |
|
#
?
Mar 12, 2018 08:07
|
|
|
At 71, Linda Schmidt should be enjoying retirement. But for the past two years the Perth nurse has been crippled by debt, and fighting the banks. "I just survive from day to day, black dog trotting around behind me," she told 7.30. She owes more than $3 million to half a dozen lenders. The loans cover her own home and, not one but 11, investment properties. Her superannuation has plummeted from more than $500,000 in 2012 to just $540. Now she is faced with the prospect of losing her home. Growing mortgage stress has led to consumer advocates calling for the banking royal commission, which meets for public hearings in Melbourne tomorrow, to examine irresponsible mortgage lending and the way banks assess whether loans are affordable. So, how did a woman in her late 60s on a nurse's salary manage to borrow so much money? Ms Schmidt started investing in property years ago as a way of earning a passive income. At one point she had 14 investment properties, most of them serviced by interest-only loans with half a dozen different lenders. Her plan was to build a portfolio of investment properties and retire early — a strategy she had learned over years of attending wealth creation seminars. It all seemed possible during WA's mining boom years. But then the downturn came and her properties became harder to rent. Today, instead of retiring early, Linda Schmidt is still working night shift as a nurse trying to service an enormous debt. Many of her loans are thousands of dollars in arrears because she cannot meet the repayments. "I'm exhausted. I'm so tired, I can't sleep," she said. "I feel like a punchbag." One of Ms Schmidt's most recent loans was taken out with Westpac four years ago through a mortgage broker. Despite already owing the bank close to $ 1 million, at the age of 67 she managed to secure another loan for $360,000 to buy yet another investment property through her self-managed super fund. She now sees how unrealistic her plan was. "Oh, absolutely, but I relied upon the banks to work this out," she said. "I relied upon the banks to sit down and work it all out with me." The loan was approved after Ms Schmidt met Westpac's criteria, and the property was initially rented out but it later became vacant and lay empty for 18 months. Now her payments are in arrears and Westpac is threatening to take possession of the property. Ms Schmidt has taken her case to the Financial Ombudsman Service claiming the loan was unaffordable in the first place. She claims she only saw three pages of the loan application form which she signed. When she applied recently for the full form, she said she was shocked by its contents. Ms Schmidt claims the document overstated her assets, including her superannuation, and underestimated her existing debts. Westpac said privacy provision meant that it could not discuss individual customer issues. At the same time, Ms Schmidt is caught up in another dispute with WA members' bank, P&N. P&N has repossessed two of her investment properties and has given her until April to pay her debts or lose her own home in Darlington. The case is currently before the ombudsman. From a cottage in WA's wheatbelt, veteran consumer advocate Denise Brailey is taking on the banks on behalf of distraught borrowers like Ms Schmidt. "The point is the banks have a duty to ensure that they don't approve inappropriate loans," Ms Brailey said. "From the income she had, they were using projected rentals to suggest she may afford it, but there were huge risks which were not explained to her at that time and should have been." She is trying to negotiate with the banks to help Ms Schmidt keep her home. "I think the solution is to try and get the banks involved to have a look at a process that might see her keep her home," Ms Brailey said. P&N, which refinanced three of Ms Schmidt's Westpac loans in 2015, said it was committed to the principles of responsible lending. The Australian Banking Association's Tony Pearson offered a word of warning for potential borrowers. "I can't comment on the specific details of this case, but banks do take their responsible lending obligations very seriously," he said. "We also would counsel borrowers, though, to be prudent in their borrowings and not to bite off more than they can chew." Finance sector analyst Martin North runs a rolling household survey and has found that nationally more than 145,000 households will fall outside current interest-only assessment criteria when they come to reset their loans over the next four years. The borrowers will either have to sell or switch to principal and interest. He predicts this, and falling demand from investors generally, will have a big impact on the market. "That is going to put significant downward pressure on property prices and my central case for the next 12 to 18 months is that we are going to see a 10 to 15 per cent drop in property prices directly as a result of this," Mr North said. Ms Schmidt does have some equity in at least two of her remaining properties. But there will little left for retirement once all her debts are paid. "I've been pretty down and very humiliated, because I'm a fighter and I've tried very hard to do the right thing," she said. "It's been enormously difficult."
|
|
#
?
Mar 12, 2018 08:16
|
|
|
"My plan expected banks to not behave irresponsibly" Boy, do I have some bad news for you.
|
|
#
?
Mar 12, 2018 08:20
|
|
|
Not content with every other industry they've recklessly destroyed, Millennials are now killing the rent industry too, by spending all their money on smashed avo and living with parents, instead of moving out and renting homes from hard working boomers like Linda. How much longer will society continue to let them leech from true Aussie battlers?
|
|
#
?
Mar 12, 2018 08:21
|
|
|
When I go to the ABC home page the top 3 stories for me are that lady and her 12 investment properties, a union boss getting charged half a million on corruption and the top 10 growth suburbs to buy property in Brisbane
|
|
#
?
Mar 12, 2018 08:31
|
|
|
This article pisses me off for a number of reasons. I'm going to say this knowing that banks are scum, and there's a reason I'm a proud unionist in that sector. But banks can only work off the information that you or your representative give you. Anidav posted:"Oh, absolutely, but I relied upon the banks to work this out," she said. poo poo attitude - it's not the banks duty to work it out for you. You see an asset, you go to a lender, you work out a proposition. If you can afford it, it'll generally get approved. quote:Ms Schmidt has taken her case to the Financial Ombudsman Service claiming the loan was unaffordable in the first place. your statement of position is your responsibility to complete, no one else's for just this reason. It is your responsibility to know your incomings and outgoings, it is your responsibility to know your assets and liabilities. the bank can only reasonably work off what it's been given, and if you're going to willingly lie on your statement of position to get a loan, you cannot be surprised by the outcome. If you're going through a broker and the broker lies, that is an issue with the broker that needs to be addressed because the bank is as much a victim in that transaction as you are. quote:At 71, Linda Schmidt should be enjoying retirement. loving hell, what dumb loving mutt gives a 71 year old any sort of loan and expects it to be repaid. Those loving idiots.
|
|
#
?
Mar 12, 2018 08:32
|
|
|
Wangaroo
|
|
#
?
Mar 12, 2018 08:47
|
|
|
Anidav posted:At 71, Linda Schmidt should be enjoying retirement. “I've tried very hard to do the right thing” lol yeah, I’ll bet.
|
|
#
?
Mar 12, 2018 09:00
|
|
|
"Hmm, is 13 investment properties enough? No, clearly I need more."
|
|
#
?
Mar 12, 2018 09:04
|
|
|
Also lol at wealth creation seminars.
|
|
#
?
Mar 12, 2018 09:06
|
|
|
AgentF posted:Wangaroo He's heading for the bush.
|
|
#
?
Mar 12, 2018 09:06
|
|
|
LIVE AMMO ROLEPLAY posted:“Now that I'm in the poo poo, I've tried very hard to do the right thing”
|
|
#
?
Mar 12, 2018 09:09
|
|
|
https://twitter.com/KHandozo/status/972207750284394496
|
|
#
?
Mar 12, 2018 09:12
|
|
|
“Property can only go up and booms last forever.” Sucked in dickhead. Zero sympathy here.
|
|
#
?
Mar 12, 2018 09:12
|
|
|
|
| # ? May 23, 2024 12:49 |
|
|
I’m sure when one of her 13 tenants has a broken sink she would be a real attentive landlord (in the alternate universe where she could get renters.)
|
|
#
?
Mar 12, 2018 09:15
|
|