Auspol March - fuck the poor, fuck the SDA - The Something Awful Forums

Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.

The Something Awful Forums > Discussion > Debate & Discussion > Auspol March - fuck the poor, fuck the SDA

Zenithe: Feb 25, 2013; _{Ask not to whom the Anidavatar belongs; it belongs to thee.}

Amoeba102 posted:

Eric Abetz has said no worker should be worse off under the penalty rate cuts, and thus they should only apply to new workers.
So he is acknowledging the the change to penalty rates makes workers worse off, but is advocating for wages to shrink in the future.

Incentive both for workers to feel trapped in their jobs and incentive for business to cycle through staff to keep costs down, clear win win.

# ? Mar 1, 2017 23:45

Adbot: ADBOT LOVES YOU

# ? May 2, 2024 02:19

Les Affaires: Nov 15, 2004

I just found out that the email I sent to my 88 year old grandma back home that I haven't seen for almost 9 months didn't get through because she is having trouble with the NBN being installed at her house. Her old internet connection mustn't be working anymore.

I'm so loving angry.

# ? Mar 1, 2017 23:50

Bogan King: Jan 21, 2013; I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.

The AFR posted:

The federal government will urge the Fair Work Commission to avoid a reduction to take-home pay by phasing in the cut to penalty rates over such a long time that it's masked by annual wage increases.

With his government under growing political pressure to take a stance on the decision, Malcolm Turnbull said he was favourably disposed towards the phase-in option and would most likely recommend it when it made a submission to the Commission on how to implement the cuts.

Mr Turnbull said on Thursday that no reduction in take-home pay was an objective of any change to modern awards and the government supported mitigating or offsetting a reduction "as far as possible".

This could mean phasing in the reduction over two to five years.

So I guess this means over the next 2 - 5 years the minimum wage is going to go up by $100 pw so :toot:

:toot:

# ? Mar 2, 2017 00:09

Anidav: Feb 25, 2010; ahhh fuck its the rats again

Power walk: Dutton, Cormann in secret talks

KEY conservative powerbroker Mathias Cormann and Liberal leadership aspirant Peter Dutton have been meeting for secret talks most mornings this week.

After a week of leadership turmoil for Prime Minister Malcolm Turnbull, The Courier-Mail can exclusively reveal the pair has been meeting, early morning for a walk and talk.

Finance Minister Senator Mathias Cormann was the numbers man for former Prime Minister Tony Abbott during the 2015 spill and remained with him until the end.

Immigration Minister Peter Dutton has been shaping up as the favourite to be the next Liberal leader, particularly among conservatives, because of his ability talk straight and cut through.

This morning the pair continued with the early morning walk down Red Hill towards Parliament, dressed in exercise gear, joggers and baseball caps pulled down.

Neither Minister responded when asked for comment this morning on what brought them together.

While there has been little mood among Government MPs for a leadership change, Mr Turnbull has been dogged by agitation from his predecessor Tony Abbott, who last week accused the Turnbull Government of being “Labor lite” and at risk of a “drift to defeat”.

Senator Cormann dramatically shut down the former leader, calling his comments “sad” and “destructive”.

But on Monday a Newspoll revealed the Government was trailing Labor by 10 points on a two-party preferred basis, while its Coalition’s primary support was at 34 per cent — five points lower than when Mr Turnbull successfully challenged Mr Abbott.

The Prime Minister warned his Liberal colleagues against further disruption, telling their party room meeting on Tuesday “disunity is death”.

The leadership questions have given more ammunition to the Opposition, with Mr Shorten having his own message for Caucus this week.

“Malcolm Turnbull’s only achievement this year as Prime Minister has been to make Peter Dutton look like a candidate for the leadership,” he told his colleagues this week.

# ? Mar 2, 2017 00:10

Bogan King: Jan 21, 2013; I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.

The ABC posted:

Australia's gender pay gap has narrowed slightly � including those in top-tier managing roles � but only because of an economic downturn, according to researchers.

Maybe the LNP really are for women and they're tanking the economy for everyone so that it's equally poo poo for everyone. Makes you think.

# ? Mar 2, 2017 00:16

Zenithe: Feb 25, 2013; _{Ask not to whom the Anidavatar belongs; it belongs to thee.}

Anidav posted:

“Malcolm Turnbull’s only achievement this year as Prime Minister has been to make Peter Dutton look like a candidate for the leadership,”

In his defense, that is an incredibly impressive achievement

# ? Mar 2, 2017 00:26

Cartoon: Jun 20, 2008; poop

If only the union movement in Australia hadn't been coopted by a bunch of greedy corrupt catholics (That would be the National Civic Council btw They are having a convention in Brisbane Saturday week, 11 March, At the RSL in Springhill, byo gallows pole.):

http://www.abc.net.au/news/2017-03-02/barangaroo-death-union-claims-inspection-blocked-november/8317516

quote:

Barangaroo death: Union claims it was blocked from inspecting work site Updated 29 minutes ago

The Maritime Union of Australia says it was recently prevented from conducting a safety inspection at the construction site at Sydney's Barangaroo where a 30-year-old worker was killed yesterday afternoon. The man was crushed to death when a large metal beam fell on top of him at the Barangaroo Ferry Hub worksite. Emergency services were called to a barge � near one of the city's main areas of water traffic � about 4:40pm. The man left behind a young family. MUA spokesman, Paul Keating, said he attempted to inspect the site when his union was notified in November 2016 about concerns that the barge being used on the site did not comply with maritime standards. "At the time I came down with another official to speak with the workers to have a look at the barge to assess if it was up to maritime standard and to make sure that the operation was safe," he said. "I was met with opposition from the contractor, McConnell Dowell, in accessing the site, after which I contacted Roads and Maritime Services to find out whether the vessel was up to standard. These companies refuse our right on entry even when we raise these issues of safety with them," he said.

In a statement, contractor McConnell Dowell's Australian managing director, Jim Frith, said the company's thoughts were with the man's family. "We are providing his employer with all the assistance they need to support his family, and all affected staff are being offered support and counselling,'' the statement said. "The full circumstances are unknown at this time and McConnell Dowell will continue to work with the authorities as they investigate the incident." SafeWork New South Wales inspectors have spent the night at the barge in Darling Harbour to continue investigations. Work is expected to remain suspended today at the site.

Workplace deaths 'unacceptably high'

The CFMEU's state secretary Brian Parker said there has been an unacceptable spike in deaths at building sites in NSW, and across Australia. "It's running at over one a week at this point in time," he said. SafeWork NSW statistics showed that 60 people died at workplaces during 2015/2016, and 12 of those were in the state's central west. SafeWork agreed the number of deaths was "unacceptably high" and this week launched a $3 million campaign in response to the statistics.

The construction site is part of the Barangaroo Ferry Hub � a NSW Government project designed to make the area where a casino is also being built, more accessible.

So the maritime union and the construction unions, both in the radical right's crosshairs find that the employers are utter murdering poo poo stains. To the surprise of nobody because after all access to casinos is more important than a few peasant's lives.

We could do with a good round of general strikes. Oh wait we can't because they are illegal in Australia. I used to support the amalgamation of unions. I was talking into it during the late nineties by the same people who sold me the pup that was the second tier agreement. Fewer bigger unions has meant that the far right nut jobs in the labour movement have been able to wield disproportionate power for the good of nobody.

http://www.abc.net.au/news/2017-03-01/finance-department-spends-thousands-on-excruciating-video/8314672

Oh the pain, the pain. I personally didn't think it was any more excruciating than most of the reality TV shows I've had the misfortune to glimpse while trying to change channels.

This, this .... :psyduck:

:psyduck:

http://www.abc.net.au/news/2017-03-02/government-cracking-down-on-457-visas-for-fast-food-workers/8317432

quote:

457 visa crackdown coming for fast-food workers, Peter Dutton says By political reporter Dan Conifer Updated about an hour ago

The Federal Government is cracking down on the number of 457 skilled worker visas handed out to McDonald's and other fast-food chains. More than 500 skilled worker visas have been approved for fast-food outlets over the past four years. Nearly 300 have worked at McDonald's, almost 100 at KFC and more than 70 at Hungry Jacks. More than 300 individual stores employ foreign staff. There had been a fast-track visa process for the industry after Julia Gillard's Labor Government approved the Fast Food Industry Labour Agreement in 2012, but the Immigration Minister Peter Dutton has recently scrapped it. "Australian workers, particularly young Australians, must be given priority," Mr Dutton said. "The Turnbull Government is committed to ensuring that career pathways are available for young Australians. Fast-track arrangements for the fast-food industry put in place by Bill Shorten and Chris Bowen in 2012 are not consistent with putting Australian workers first." Prime Minister Malcolm Turnbull said he commended Mr Dutton for taking action on the agreement. Fast-food businesses can still apply through the regular 457 process.

Fast food vending - A career - Peter Dutton - "Do you want to fry with that?" - Actual cannibal.

And Ms. Gillard, what the gently caress? from https://www.border.gov.au/Trav/Visa-1/457-

quote:

The Temporary Work (Skilled) visa (subclass 457) allows skilled workers to come to Australia and work for an approved business for up to four years.

I have a certificate in beverage capping from McUni I better go help out those poor unskilled colonials. Do I live in this world? What the gently caress? When did things get this hosed up?

# ? Mar 2, 2017 01:01

Capt.Whorebags: Jan 10, 2005

Cartoon posted:

That would be the National Civic Council

Is the prevalence of the phrase "Judeo-Christian values" because it's frowned upon to hate on the Jews?

Clearly it's okay to paper over the history of anti-Semitism, and well, anti-Catholic (or anything not CoE) that prevailed in this country.

# ? Mar 2, 2017 01:17

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Kafka Syrup posted:

Roberts is pretty clearly having a different conversation in his head than the one happening in the chamber.

He prattles on, looms over his spectacles and tries to sound like a British investigator and I want to punch his loving face.

# ? Mar 2, 2017 01:18

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Bogan King posted:

So I guess this means over the next 2 - 5 years the minimum wage is going to go up by $100 pw so

Two years would mean

A) you work full time hours over five days of the week
B) FWC increases wages by 4.5% a year

Yeeeeeaaaaaahhhhhhhhhh naaaaaahhhhhhhhhhhhhhhhhhhhh

# ? Mar 2, 2017 01:22

Cartoon: Jun 20, 2008; poop

Capt.Whorebags posted:

Is the prevalence of the phrase "Judeo-Christian values" because it's frowned upon to hate on the Jews?

Clearly it's okay to paper over the history of anti-Semitism, and well, anti-Catholic (or anything not CoE) that prevailed in this country.

Well interesting you mention anti catholic sentiment because rather than just saying outright they are a Catholic group they would rather hide behind the more inclusive sounding "Judeo-Christian". I think it has also become a dog whistle for meaning Old school christian as well.

# ? Mar 2, 2017 01:55

hakimashou: Jul 15, 2002; Upset Trowel

I saw on twitter some australian lady said she hated america because she got hassled at immigration lol.

# ? Mar 2, 2017 02:12

BBJoey: Oct 31, 2012

ok thanks for the update

# ? Mar 2, 2017 02:14

Halo14: Sep 11, 2001

Cartoon posted:

http://www.abc.net.au/news/2017-03-01/finance-department-spends-thousands-on-excruciating-video/8314672

Oh the pain, the pain. I personally didn't think it was any more excruciating than most of the reality TV shows I've had the misfortune to glimpse while trying to change channels.

I made it 1 minute...Ugh

# ? Mar 2, 2017 02:22

hakimashou: Jul 15, 2002; Upset Trowel

I thought it was funny because you guys have concentration camps for immigrants and horrible poo poo like that and 'stop the boats.'

# ? Mar 2, 2017 02:23

Recoome: Nov 9, 2013; Matter of fact, I'm salty now.

hakimashou posted:

I thought it was funny because you guys have concentration camps for immigrants and horrible poo poo like that and 'stop the boats.'

thankfully we aren't shooting/gassing out protestors yet, or blowing their arms off with concussion grenades.

# ? Mar 2, 2017 02:30

Bogan King: Jan 21, 2013; I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.

https://twitter.com/G_Parker/status/836742000342814721

Guess we're not going to see more jobs after all.

# ? Mar 2, 2017 02:55

Wrestlepig: Feb 25, 2011; my mum says im cool; Toilet Rascal

https://twitter.com/lanesainty/status/837105289077805056

# ? Mar 2, 2017 03:05

Bogan King: Jan 21, 2013; I'm not racist, I'm mates with Bangladesh, the guy who sells me kebabs. No, I don't know his real name.

Vic Premier posted:

Victorian renters will finally be able to enjoy the safety and security of long-term leases.

Announced today by the Andrews Labor Government, a new long-term standard tenancy agreement will be developed for leases of more than five years. The Government will also amend the Residential Tenancies Act to ensure it covers leases for longer than 5 years.

The change will mean greater security for both tenants and their landlords, providing stability for renting families and a more steady income source for property owners.

While short-term leases remain the norm in Victoria, it�s clear that many Victorians want a more permanent option, with more than one in five renters in their home for five years or more.

The new standard tenancy agreement will be developed in consultation with stakeholders and implemented in 2018. A website will also be developed to connect people looking for long-term leases with available properties.

The announcement comes as work to update the Residential Tenancies Act continues. By introducing long-term leases earlier, renters will have security sooner, and the remaining issues with the Act can be given the attention they deserve.

Today�s announcement continues the rollout of the Labor Government�s housing strategy.

The Government has already committed to the creation of a $1 billion Social Housing Growth Fund that will provide dedicated assistance to community housing associations to help support up to 2,200 households.

100,000 lots in Melbourne�s north have also been rezoned to create 17 new suburbs, boosting land supply and making housing more affordable for Victorians.

Quotes attributable to Premier Daniel Andrews

�Raising a family is stressful enough without worrying about whether you need to move every 12 months. Long-term leases will end that uncertainty.�

�There are 884,000 Victorians who rent, or own a rental property. This change will give renters the chance to put down roots and landlords a more certain income.�

Quotes attributable to Minister for Consumer Affairs Marlene Kairouz

�More than 25 per cent of Victorians rent. They should be able to have the security that comes with a long-term lease, and that�s exactly what we�re doing.�

�This is about giving Victorian renters and landlords the security they need� the ability to lease a property long-term and a way to help renters find their future home.�

# ? Mar 2, 2017 03:07

Capt.Whorebags: Jan 10, 2005

Cartoon posted:

Well interesting you mention anti catholic sentiment because rather than just saying outright they are a Catholic group they would rather hide behind the more inclusive sounding "Judeo-Christian". I think it has also become a dog whistle for meaning Old school christian as well.

I think it's a phrase most often used in place of "whites only".

# ? Mar 2, 2017 03:13

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Bogan King posted:

https://twitter.com/G_Parker/status/836742000342814721

Guess we're not going to see more jobs after all.

Incredibly enough, Harvey was actually saying it's a pissy amount of money for a company making $260m in profit and won't make difference.

# ? Mar 2, 2017 03:14

WhiskeyWhiskers: Oct 14, 2013; "هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)

Capt.Whorebags posted:

Is the prevalence of the phrase "Judeo-Christian values" because it's frowned upon to hate on the Jews?

Clearly it's okay to paper over the history of anti-Semitism, and well, anti-Catholic (or anything not CoE) that prevailed in this country.

It's because the American right uses it. That's literally it.

# ? Mar 2, 2017 03:40

I would blow Dane Cook: Dec 26, 2008

https://twitter.com/heldavidson/status/837131773343498240

https://twitter.com/heldavidson/status/837131210417561601

# ? Mar 2, 2017 03:52

Zenithe: Feb 25, 2013; _{Ask not to whom the Anidavatar belongs; it belongs to thee.}

That's a fairly impressive level of incompetence.

# ? Mar 2, 2017 03:57

WhiskeyWhiskers: Oct 14, 2013; "هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)

Zenithe posted:

That's a fairly impressive level of malice.

# ? Mar 2, 2017 04:03

hooman: Oct 11, 2007; This guy seems legit.; Fun Shoe

So the whole "we released this after extensive consultation with our lawyers" was just a flat lie?

Why the hell would you lie about it instead of just saying "This was a terrible mistake and these people were never meant to receive this private information"

# ? Mar 2, 2017 04:05

norp: Jan 20, 2004; TRUMP TRUMP TRUMP

let's invade New Zealand, they have oil

You are reversing the proverb there, pretty sure incompetence is the highest achievable standard for this mob

# ? Mar 2, 2017 04:05

WhiskeyWhiskers: Oct 14, 2013; "هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)

It's an incompetent lie about their malicious leak of her private information.

# ? Mar 2, 2017 04:07

You Am I: May 20, 2001; Me @ your poasting

Bogan King posted:

Victorian renters will finally be able to enjoy the safety and security of long-term leases.

loving finally

# ? Mar 2, 2017 04:17

ewe2: Jul 1, 2009

You Am I posted:

loving finally

Now let them have cattes and hang pictures on the wall and not be inspected at the whim of the landlord.

# ? Mar 2, 2017 04:29

Zenithe: Feb 25, 2013; _{Ask not to whom the Anidavatar belongs; it belongs to thee.}

ewe2 posted:

not be inspected at the whim of the landlord.

This is pretty reasonable in QLD, they have to give seven days notice and there has to be a fair time between inspections. Is it different in other states?

# ? Mar 2, 2017 04:33

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

ewe2 posted:

Now let them have cattes and hang pictures on the wall and not be inspected at the whim of the landlord.

I had to live with a cat in an apartment for 6 months. You should be able to get a ten year lease and make minor alterations to the property, but cats loving stink, scratch poo poo and make noise and they're not allowed near my property.

# ? Mar 2, 2017 04:47

Lid: Feb 18, 2005; And the mercy seat is awaiting,
And I think my head is burning,
And in a way I'm yearning,
To be done with all this measuring of proof.
An eye for an eye
And a tooth for a tooth,
And anyway I told the truth,
And I'm not afraid to die.

Liberal senator Eric Abetz has dramatically intervened in the penalty rates debate, calling for workers' existing rates to be protected, and creating a fresh political headache for Prime Minister Malcolm Turnbull.

lol wedge lol

# ? Mar 2, 2017 04:49

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Zenithe posted:

This is pretty reasonable in QLD, they have to give seven days notice and there has to be a fair time between inspections. Is it different in other states?

That's the same in Melbourne. Inspections should be on set dates and given to you at the start of lease. It's bullshit because sometimes you don't check your mail or whatever and are like oh a stranger is coming inside my house in two days, neat.

# ? Mar 2, 2017 04:49

NPR Journalizard: Feb 14, 2008

Zenithe posted:

This is pretty reasonable in QLD, they have to give seven days notice and there has to be a fair time between inspections. Is it different in other states?

Yeah, two weeks minimum notice in WA.

# ? Mar 2, 2017 04:52

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Lid posted:

Liberal senator Eric Abetz has dramatically intervened in the penalty rates debate, calling for workers' existing rates to be protected, and creating a fresh political headache for Prime Minister Malcolm Turnbull.

lol wedge lol

I mean I didn't expect this to come from a dude like Abetz, but his proposal allows a business to dismiss casuals and get new ones that don't have the protected rate. Considering that casuals are the real losers through anything like this, it's a bit of a "but see I'm a nice guy" play.

# ? Mar 2, 2017 04:53

Ora Tzo: Feb 26, 2016; HEEEERES TONYYYY

Possibly Abetz and a contender are starting to make their moves?

# ? Mar 2, 2017 05:00

xPanda: Feb 6, 2003; Was that me or the door?

Does LF Economics have some connection to our favourite erstwhile subforum?

http://www.abc.net.au/news/2017-03-02/housing-why-are-we-still-buying-properties-we-cant-afford/8289634

quote:

House prices: When will we get to the point that we just say NO?

By Lucia Stein
Posted about 9 hours ago

House prices can't keep rising forever. At some point, everyone will just calm down and refuse to pay way too much for a tiny place that isn't even in the area they really wanted to live.

Right?

We talked to two experts about how prices can keep rising, if a price drop is inevitable � and whether it will cause a US-style collapse.

People are acting irrationally

Any rational person might look at what's happening in the housing market on face value and refuse to buy.

But this just isn't the case. The latest house price figures for February shows prices � particularly in Sydney and Melbourne � rising. Again.

"We're in a pit of irrational exuberance," LF Economics property economist David Lindsay says.

Basically, he thinks people aren't acting in the way you would normally expect and so, despite house prices becoming increasingly unaffordable for most Australians in some areas, people are still buying property.

Why? Mr Lindsay says the problem lies squarely with the banks.

"[Not only] have you got a very irrational, exuberant population when it comes to housing, [but you've also got] a banking system that is running like a Ponzi finance scheme," he says.

"These things keep on going until a) these banks cannot keep lending to speculative home buyers or b) we get to a point where people say 'this is crazy, I'm not going to buy in this housing market'."

But maybe this isn't the doomsday scenario some think it is

But it is important to note that not all economists are agreed on this point.

RMIT property economics professor Chris Eves says the situation is not the catastrophe that some say it is.

"One of the things that sets Australia apart is that there are sectors that are currently oversupplied [too many houses] and there is potential that there won't be much market demand for those types of properties, which could lead house prices to fall," he says.

"But it's not going to be across the board."

Instead Mr Eves thinks this is just a part of the nature of housing prices � which go through ups and downs.

He says the Gold Coast is a typical example of an area where there are regular changes in demand.

When foreign buyer demand goes down because prices have maybe gone too high or there is not enough supply, buyers withdraw from the market.

This can have some impact on the market, which then forces developers to pull back for a while, but once prices have fallen you get people coming back into the market and prices rising again.

This is known as the housing cycle.

What are the signs that we're coming to the end?

It is mathematically impossible to predict when this housing boom will end, according to Mr Lindsay.

The problem so far is that while first-time buyers have been priced out of the market, investors are able to use their existing house to get another loan.

That is, if you buy a $1 million house and you're not making a profit from it and the bank re-values your house and says it is now worth $1.1 million, that extra $100,000 of your unrealised capital gains can be leveraged against now.

You also have foreign buyers who may be seeing the boom in Australian housing prices as an investment opportunity.

If, as some have called for, the banking regulator steps in and tightens the investor market and the foreign buyer market, this might see a slowing in house price growth.

In this case, Mr Eves says that those pockets of cities where housing prices are too high will be balanced out by more reasonable prices in other suburbs.

"It's not going to be across the board. If you look at a lot of the areas where house prices have gone up, they've gone up in relation to people's ability to afford and repay," Mr Eves says.

"There will always be high-priced areas that will remain high priced. We've seen some movement in middle-priced suburbs through trends that some may become less popular, but again if something becomes a little less popular what you see is a bit of movement in the market."

So is this like what happened in the US?

Mr Lindsay warns this has the potential to be like what happened in the US � maybe even worse.

"In Sydney, Brisbane and Melbourne it's nothing but a speculative, credit-fuelled housing bubble. It's what happened in Ireland and what happened in a lot of parts of the US in the past decade," he says.

"A lot of people thought the housing market was invincible and it could only go up and one day it crashed and it burned a lot of people, and the financial system along with it."

But Mr Eves offers a more tempered view.

"No, basically the underlying factors in Australia when compared to the US are completely different," he says.

"One of the biggest differences is the fact we don't have no-default loans. There were developers in the US building stuff willy-nilly and banks even giving unemployed people loans before the housing price collapse there.

"So what happened with no-default loans is that if you owed the bank $400,000 and you purchased a home for $450,000 and then that value dropped to $350,000, then you could just walk away and the bank couldn't chase your remaining debt.

"That doesn't happen here."

Should we still be worried?

Absolutely.

A lot of property is still being developed, particularly in CBDs and inner-city areas, for the foreign investor market.

"The issue there is that if they leave the market, would the domestic market be able to take over that demand?" Mr Lindsay says.

"And the bottom line there is, it's not."

If there are fewer people buying properties, and more supply, then it follows that prices will go down. This is problematic if you own a property in one of these areas � it is basically worth less.

The problem also extends to those suburbs where housing has become unaffordable, and not just because of the gentrifying process that is going on in some Australian cities.

Eventually prices will reach a point where people won't buy and then you will see a slow-down in growth.

But this might not happen for some time and, as Mr Eves suggests, what it means for first-time homebuyers is that they may be renting for the foreseeable future.

# ? Mar 2, 2017 05:12

Wheezle: Aug 13, 2007; 420 stop boats erryday

I hope Abetz Creans himself.

# ? Mar 2, 2017 05:13

Adbot: ADBOT LOVES YOU

# ? May 2, 2024 02:19

hiddenmovement: Sep 29, 2011; "Most mornings I'll apologise in advance to my wife."

Cats are very unlikely to damage the fixtures and fittings of a property, they will almost certainly just target the tenants on stuff (i.e rip my poor couch). Cat poo poo reeks though and you cant really put the tray out on the balcony because they will inevitably decide to climb over the ledge. You probs shouldn't have one in an apartment.

# ? Mar 2, 2017 05:15

The Something Awful Forums > Discussion > Debate & Discussion > Auspol March - fuck the poor, fuck the SDA

Powered by: vBulletin Version 2.2.9 (SABB-v2.24.05)
Copyright ©2000, 2001, Jelsoft Enterprises Limited.
Copyright ©2024, Jeffrey of YOSPOS