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Jumpingmanjim posted:Coming soon to a property bubble near you: As someone who wants to own a home, explain why this is bad for me.
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Jul 31, 2014 07:16
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Define home and why you want to buy one?
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Jul 31, 2014 07:17
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Sir Shion posted:As someone who wants to own a home, explain why this is bad for me. It makes housing less affordable since everyone will now use their super for property investment.
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Jul 31, 2014 07:18
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BCR posted:Define home and why you want to buy one? Kind of a dumb question. Ragingsheep posted:It makes housing less affordable since everyone will now use their super for property investment. The article specified first home buyers. Presumably those with properties are excluded.
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Jul 31, 2014 07:20
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Sir Shion posted:The article specified first home buyers. Presumably those with properties are excluded. What makes you think it will play out differently than how the first home buyer's grant played out? http://www.businessinsider.com.au/nick-xenophons-idea-to-let-first-home-onwers-access-super-to-buy-a-house-is-misguided-helpfullness-2014-7 Also, note that it says that it has to be paid back into your super in 15 years. So what is that, an additional debt? Something else you've gotta pay back on top of your mortgage? Are you going to be able to afford that?
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Jul 31, 2014 07:23
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What it is proposing is supposed to make housing more affordable. what it will achieve is higher house prices as real estate agents realise they can now charge the existing amount for property + a portion of everyone's super. Also, young people will now be at even more of a disadvantage in the market, as it will favour those with more super in their accounts.
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Jul 31, 2014 07:24
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Sir Shion posted:The article specified first home buyers. Presumably those with properties are excluded. Fine, it makes housing less affordable since FHBs will now use their super for their first house.
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Jul 31, 2014 07:24
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Home; apartment overlooking the cbd near X to have wild cocaine parties, beach house in Newcastle because its the only four bedroom place you can afford, one room crack den above a kebab shop. Why; somewhere to live, investment property can only go up,up,up!
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Jul 31, 2014 07:26
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Sir Shion posted:Kind of a dumb question. Still though, since housing's been so unaffordable that should still be a lot of first home buyers looking to cash in on it. It could help keep the bubble propped up a little longer through first home buyers that were previously unable to buy in at all. Instead of prices dropping due to the lack of demand, more of us get roped in while prices are high. And at the cost of chipping away at our own super profits... Those On My Left posted:Also, note that it says that it has to be paid back into your super in 15 years. So what is that, an additional debt? Something else you've gotta pay back on top of your mortgage? Are you going to be able to afford that? Oh yeah, that part makes me really nervous. Paid back or else what? It might be nice if they still leave this option open after a crash, though! Cause at the rate things are going, by the time that ever happens I could have enough saved up to buy the drat house outright.
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Jul 31, 2014 07:29
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Pickled Tink posted:Well, I just got back from my appointment with my JSA. They have decided that they are going to throw me into one of those in-house training courses, and my consultant let me read the course description thing. It was initially presented as a choice, but my consultant said he'd sign me up anyway. Hey Tink I'm just coming to the end of a two-week version of it. I've had a couple of bites and one interview next week. For me the value of it was the genuine attempt to improve my morale and free clothes and maybe a few tips and tricks to my arsenal. If you get that much you'll be doing well.
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Jul 31, 2014 07:35
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Thanks thread, you reminded me to use myGov to transfer my other super into my first state account.
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Jul 31, 2014 07:50
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Now it’s ‘Sarah Hanson-Harm’: Spike in detention centre ‘incidents’ when Greens senator visits, report reveals EXCLUSIVE SIMON BENSON NATIONAL POLITICAL EDITOR THE DAILY TELEGRAPH JULY 30, 2014 11:30PM AN internal report provided to the Immigration Department has warned that, when Greens Senator Sarah Hanson-Young turns up at a detention centre, there is a corresponding spike in “incidents” involving asylum seekers. The operational brief provided by the security company Serco to the Department of Immigration and Border Protection claimed “high profile” visits to detention centres sparked an increase in report-able “incidents” and “adverse behaviour” among detainees. The report, obtained by The Daily Telegraph, cites lawyers and refugee groups among those considered high profile, and who are believed to prompt spikes in incidents at the centres during and after a visit. But it singled out Ms Hanson Young, naming her as the “Greens Senator from South Australia”, and citing a visit to Christmas Island in January this year as being a catalyst for serious disturbances among the detainees. The department yesterday refused Ms Hanson-Young entry into Curtin detention centre in Western Australia after she demanded access to the 157 Tamil asylum seekers brought to the mainland after three weeks at sea aboard a Customs vessel. The Serco report, however, revealed that, during a visit by the Senator to Christmas Island between January 24 to 28 this year, the number of incidents more than doubled to 15 from an average of around six. An accompanying graph showed the number of incidents peaked at 15 on the second day of her visit. It did not specify the types of incidents but claimed the visits caused “anxiety” and “elevated levels of adverse behaviour”. It claimed that one ”incident of significance” required crowd control. Ms Hanson Young yesterday claimed to have flown to Broome from Adelaide and then driven to the Curtin centre before she was told she would be denied entry. She said she was concerned about the welfare of a number of children in the centre and claimed it was the first time she had been denied access. “I have been there a number of times. I wanted to speak to the new asylum seekers detained there,” she said. “This is highly suspicious that I have been denied access today. This is a political move by the Immigration Minister. What is he hiding? What doesn’t he want me to see?” Immigration Minister Scott Morrison’s office said he had sought advice from the department when he became aware of Ms Hanson Young’s request to visit Curtin: “The minister was advised that access would not be appropriate in the interests of the good management and safety of the centre.” Ms Hanson-Young could not be contacted for comment on the Serco report.
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Jul 31, 2014 08:16
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Mad Katter posted:Now it’s ‘Sarah Hanson-Harm’: Spike in detention centre ‘incidents’ when Greens senator visits, report reveals Listening to her speak makes me want to kill myself as well.
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Jul 31, 2014 08:19
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Mad Katter posted:Ms Hanson-Young could not be contacted for comment on the Serco report. http://www.abc.net.au/radionational/programs/breakfast/hanson-young-denies-her-presence-in-detention-centres/5637132 quote:Hanson-Young denies her presence in detention centres results in 'incidents' Listen to the Audio. Now imagine that the Allison Carabine attacked Tony Abbott like that in an interview....
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Jul 31, 2014 08:21
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EvilElmo posted:Listening to her speak makes me want to kill myself as well. Shut up.
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Jul 31, 2014 08:25
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Bifauxnen posted:Still though, since housing's been so unaffordable that should still be a lot of first home buyers looking to cash in on it. It could help keep the bubble propped up a little longer through first home buyers that were previously unable to buy in at all. Instead of prices dropping due to the lack of demand, more of us get roped in while prices are high. And at the cost of chipping away at our own super profits... I would also point out that the enterprising first home buyer would start salary sacrificing into super as a method of saving for their first home. This isn't bad as such, just that higher earning FHB's will increasingly avoid paying taxes since salary sacrifices into super are taxed at 15%. Super is already a rort without encouraging the latest generation to get a head start.
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Jul 31, 2014 08:35
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Using super to help buy a home won't go through because it only benefits FHB and not the fatcat boomers LNP caters to.
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Jul 31, 2014 08:40
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CrazyTolradi posted:Using super to help buy a home won't go through because it only benefits FHB and not the fatcat boomers LNP caters to. It will support the fatcat boomers by inflating the prices of their many houses
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Jul 31, 2014 08:45
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After diving back into reading political news again for the last couple of weeks, now the biggest internal conflict raging within me is whose death to celebrate more when it finally happens? Rupes? Morrison? Hockey? Abbott? I mean obviously there'll be cake and sailing regattas all round because it'll be a tremendous occasion worth celebrating regardless of which of the aforementioned perishes first, but who am I going to bust out the
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Jul 31, 2014 09:18
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Just think, if they all died at once there'd be loving in the streets.
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Jul 31, 2014 09:21
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Morrison, Murdoch, Abbott, Hockey from most to least evil
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Jul 31, 2014 09:21
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Haters Objector posted:Morrison, Murdoch, Abbott, Hockey from most to least evil It's most evil -> most idiotic
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Jul 31, 2014 09:22
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After reading that horrendous poo poo about the 3 year old having medication destroyed and then suffering seizures for MONTHS, I can't stop fantasizing about ramming a soldering iron up Morrison's urethra
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Jul 31, 2014 09:26
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Pandemic Diagram posted:I have heard that his father is a big spender at Adelaide casino so yeah. Yup, I used to work at Adelaide Casino and his dad put a lot of money through tables I was a dealer on.
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Jul 31, 2014 09:55
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EvilElmo posted:Listening to her speak makes me want to kill myself as well. https://www.youtube.com/watch?v=4EJcLBGAWKM
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Jul 31, 2014 09:56
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With all this super talk, please recommend me a better fund. BT's performance last FY:quote:Performance summary
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Jul 31, 2014 10:10
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my stepdads beer posted:With all this super talk, please recommend me a better fund. BT's performance last FY: Any of these should be fine http://www.industrysuper.com/choose-a-fund/ Or if you want to save the world: http://www.australianethical.com.au/super
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Jul 31, 2014 10:14
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Thank you.
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Jul 31, 2014 10:16
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How do you chaps deal with the realisation that there are real people you really know that think unemployment welfare is a waste for "dole bludgers"? Because I got very angry on facebook at somebody and now I feel dizzy.
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Jul 31, 2014 10:30
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Quantum Mechanic posted:I have to post this somewhere or I'll pop; avoiding family conflict by not unleashing a tirade on every single one of my wife's relatives posting pro-Israel hasbara bullshit is actually coming close to killing me. 
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Jul 31, 2014 10:39
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Endman posted:How do you chaps deal with the realisation that there are real people you really know that think unemployment welfare is a waste for "dole bludgers"? I think of the inversion of that opinion, which is that now they are very very scared of being unemployed and will do anything asked of them for less money to avoid it. Which was the desired response. And which is what I am even angrier about. And now they think Labor's Dementia Supplement was a bad idea because everyone wants it and they didn't put in a test on providers that should have been there. But instead of fixing it, they're scrapping it.
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Jul 31, 2014 10:42
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I think a lot of you guys are deluding yourself if your think there is going to be a massive crash in housing prices. A lot of people will not sell their house for a loss even if it makes sense. Interest rates are low and people are paying off their debt. Even when the GFC hit there wasn't a massive crash though a few people who were leveraged to the hilt got taken to the cleaners. If we have a sustained recession maybe but if the dollar corrects itself that's not even on the cards at the moment.
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Jul 31, 2014 10:42
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my stepdads beer posted:With all this super talk, please recommend me a better fund. BT's performance last FY: Rest wins a whole bunch of awards so have a look too I guess. http://www.rest.com.au/
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Jul 31, 2014 10:43
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 whereas this is condemned as anti-semitic.
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Jul 31, 2014 10:50
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Scapegoat posted:I think a lot of you guys are deluding yourself if your think there is going to be a massive crash in housing prices. A lot of people will not sell their house for a loss even if it makes sense. Interest rates are low and people are paying off their debt. Even when the GFC hit there wasn't a massive crash though a few people who were leveraged to the hilt got taken to the cleaners. If we have a sustained recession maybe but if the dollar corrects itself that's not even on the cards at the moment. Surely prices can only go up, up, up! That's why the government is considering a policy where you can pay for a house with your retirement money. If no one can afford to buy a house and you are looking to sell, the only thing you can do to get offers is to lower the asking price... Really now
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Jul 31, 2014 10:56
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Scapegoat posted:I think a lot of you guys are deluding yourself if your think there is going to be a massive crash in housing prices. A lot of people will not sell their house for a loss even if it makes sense. Interest rates are low and people are paying off their debt. Even when the GFC hit there wasn't a massive crash though a few people who were leveraged to the hilt got taken to the cleaners. If we have a sustained recession maybe but if the dollar corrects itself that's not even on the cards at the moment. This is the sad truth. Until there is another major global financial crisis, you won't see housing prices decrease.
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Jul 31, 2014 10:59
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Jumpingmanjim posted:
Spoiler: Palestinians are semites too 
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Jul 31, 2014 11:00
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Scapegoat posted:I think a lot of you guys are deluding yourself if your think there is going to be a massive crash in housing prices. A lot of people will not sell their house for a loss even if it makes sense. Interest rates are low and people are paying off their debt. Even when the GFC hit there wasn't a massive crash though a few people who were leveraged to the hilt got taken to the cleaners. If we have a sustained recession maybe but if the dollar corrects itself that's not even on the cards at the moment. The GFC was very well managed. It's not a choice between "business as usual" and "massive crash".
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Jul 31, 2014 11:05
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Pictured: my brain after seeing the previous comic post.
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Jul 31, 2014 11:05
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my stepdads beer posted:With all this super talk, please recommend me a better fund. BT's performance last FY: Just a basic note about finance; don't look at the returns so much as the fees you are paying. One of them you have control over and the other you don't. I've got a Hostplus account mainly because they have a dirt-cheap index fund, over 30+ years the difference in fees will make a massive difference.
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Jul 31, 2014 11:21
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