Non Footy Chat Thread II

[Poupou Escobar]

It is politics that primarily benefits privileged urban white people while pretending to be for the benefit of the less fortunate. You're welcome Bethany.

 

[Poupou Escobar]

It's fine you're wealthy privileged white man who is all about equalities.
When your next trip to Europe? Bit cold? Turns the heater on. How was your $1,000 dinner?

I FIGHT FOR EQUALITY

I am also privileged. Atleast I accept it and don't carry on like rabbit

People generally become more conservative when they become parents. The notable exceptions are the ultra-wealthy.

 

[Gronk]

Merkin I vote Greens (at State level) and I'm not woke. But I am a twat.

This true, cos I have often voted Greens at council level. So maybe I am the sum of some.

 

[Gronk]

A bit of it ... i think its a bit dumb tbh .... just another opportunity to hang shit on people - rats in a cage

Really.

Let’s talk about this poor girl. Please read all the immediate replies to this post and then we can talk more.

 

[Twizzle]

you saying the lie circulating has been started by @hindy111

Can a real mod please remove these unsourced claims

where did he say it ?

 

[Bandwagon]

Rates up again. Did they not see this coming 4yrs ago when they dropped rates to below 2% and threw money to anyone?
Now we are all getting screwed. I dont know enough about it all but I can't help but feel this was planned. I mean if they know what stops inflation they also know what would cause it.

Someone with more knowledge on this I would love to hear why all this has happened.

Most central banks were still running with inflation being a temporary blip on account of covid at the beginning of last year.

They neither have a workable general theory of inflation that applies here, nor the tools to specifically address it. Interest rates will eventually bring it down, but they will do damage in the meantime. Kinda like lobbing a grenade into a crowd to kill a bad guy, sure you blow the merkin up, you also get the merkins around him.

But I know people who borrowed 750k to get their first home and on salaries. Every rise is $35 a week out of pocket. May not sound a lot but there has been 11 so $400 gone or 20k a year.
I feel for them. They didn't go over their heads.
I also know of someone who took a 1.5mill. Like you said people do stupid things when moneys cheap. I think some people also have champagne taste on beer money.

The rate of rises aside, home loans are for like 20 - 30 years, if rates didn't begin rising last year, and started rising in 2024, these people would have the same problem. Five years into a home loan you haven't reduced it all that much unless you're pumping in a fair bit extra anyways.

Anyone who budgeted relying on rates staying in the 2 - 3% range for a decade or so was always taking a huge risk.

I totally hear you, but how are tomorrow’s generation going to survive and buy houses.


only way I’ll be able to help my kids is to keep working till I’m 80 ffs. Ffs.

100%, who'd a thought decades of addressing housing affordability by handing merkins more money to buy a house would have led to house prices going up? It's that dumb a concept you can only conclude the intention was always the current result.

 

[IFR33K]

where did he say it ?

He didn’t say that, but there was no need to quote him again. He was insinuating it’s people like hindy spreading rumours


Two years ago, everybody had an opinion and wanted to Know the vax status of others. Especially the vaccinated themselves.


now media outlets seem to report early or unexpected death amongst celebrities as ‘shock’. They’re doing it for a reaction and to create something.

If people were interested in the vax status of others when they were alive, why wouldn’t they be interested in their status after they’ve died? People want to know what effects, if any, the vax is having. Especially when there seems to be more than normal amount of deaths amongst the young.

if gronk was so concerned about hindys comments, then why post the tweet or source in the first place if he’ll get easily offended? Me personally I’ve never heard of the deceased.

 

[hindy111]

Most central banks were still running with inflation being a temporary blip on account of covid at the beginning of last year.

They neither have a workable general theory of inflation that applies here, nor the tools to specifically address it. Interest rates will eventually bring it down, but they will do damage in the meantime. Kinda like lobbing a grenade into a crowd to kill a bad guy, sure you blow the merkin up, you also get the merkins around him.



The rate of rises aside, home loans are for like 20 - 30 years, if rates didn't begin rising last year, and started rising in 2024, these people would have the same problem. Five years into a home loan you haven't reduced it all that much unless you're pumping in a fair bit extra anyways.

Anyone who budgeted relying on rates staying in the 2 - 3% range for a decade or so was always taking a huge risk.



100%, who'd a thought decades of addressing housing affordability by handing merkins more money to buy a house would have led to house prices going up? It's that dumb a concept you can only conclude the intention was always the current result.

I said 3-4% range so when at 2% then 4% is double.I think its fair to think well yeah it may double. It's 7% now which is more then tripple. Nobody expected that.
Also in 5yrs people are paid more. At 2% a year that's 10% more money. So average person probably has $100-$150 a week more. I think most expected them to go up. And most would of felt around 4% would be most likely.

 

[strider]

Really.

Let’s talk about this poor girl. Please read all the immediate replies to this post and then we can talk more.

Yeah its not nice ..... as i said it would be equally not nice if they were proposing another cause of death ... but i dont think it is uncommon for people to wonder why. When you see a story of a famous persons death, particularly a young one, do you wonder why? I do. And no not since covid. They usually say in first few paragraphs, and if not you scroll to bottom and look for the lifeline message, cos young deaths are uncommon and thats a sad reality with younger deaths.

Why dont you question why limited news are even tweeting this? You think there might be a reason? Im betting they make a choice which stories end up on social media for public comment. I notice they didnt open for comments on their own site though.

 

[Bandwagon]

I said 3-4% range so when at 2% then 4% is double.I think its fair to think well yeah it may double. It's 7% now which is more then tripple. Nobody expected that.
Also in 5yrs people are paid more. At 2% a year that's 10% more money. So average person probably has $100-$150 a week more. I think most expected them to go up. And most would of felt around 4% would be most likely.

Historically 4% is still low, and when you talk about "double", you're talking about from what is basically emergency levels. when you signed on @2%, the RBA target rate was 0.10%, that's not just low, it's lower than it's ever been by some margin. The target rate is now 3.75, the average over the last few decades is 3.85%, plenty will have expected retail rates of around 7% as shit returned to normal, though obviously not as soon as it has, it's also right around historical average for a mortgage for the last few decades.

Why wouldn't you expect rates to return to around their historical average?

As for wages rising, sure they do, but it aint that simple, wages haven't kept pace with inflation for last decade or so, so whilst you're earning more, it buys you less. Your example, 2% PA, with inflation now at 7%, you're literally going backwards 5% a year.

The upside of that is that your debt gets devalued at the same rate, though that aint helping a great deal in terms of repayments if you're also earning comparatively less.

 

[hindy111]

Historically 4% is still low, and when you talk about "double", you're talking about from what is basically emergency levels. when you signed on @2%, the RBA target rate was 0.10%, that's not just low, it's lower than it's ever been by some margin. The target rate is now 3.75, the average over the last few decades is 3.85%, plenty will have expected retail rates of around 7% as shit returned to normal, though obviously not as soon as it has, it's also right around historical average for a mortgage for the last few decades.

Why wouldn't you expect rates to return to around their historical average?

As for wages rising, sure they do, but it aint that simple, wages haven't kept pace with inflation for last decade or so, so whilst you're earning more, it buys you less. Your example, 2% PA, with inflation now at 7%, you're literally going backwards 5% a year.

The upside of that is that your debt gets devalued at the same rate, though that aint helping a great deal in terms of repayments if you're also earning comparatively less.

So they've chose to punish people with mortgages only? What about wealthy people or boomers who have no mortgage.
All of a sudden they have a heap more money as they get 4% on interest and higher rental returns on investment properties.
Seems stupid

 

[Barry O'Speedwagon]

So they've chose to punish people with mortgages only? What about wealthy people or boomers who have no mortgage.
All of a sudden they have a heap more money as they get 4% on interest and higher rental returns on investment properties.
Seems stupid

Well....the cost of servicing the loans on their rental properties also goes up (though that is tax deductible).

I'm getting 4.25% interest at call at the moment.

 

[hindy111]

Well....the cost of servicing the loans on their rental properties also goes up (though that is tax deductible).

I'm getting 4.25% interest at call at the moment.

Sure and they put rent up also to help cover it.

 

[Bandwagon]

So they've chose to punish people with mortgages only? What about wealthy people or boomers who have no mortgage.
All of a sudden they have a heap more money as they get 4% on interest and higher rental returns on investment properties.
Seems stupid

What they're targeting is making money more expensive, mortgage rates are the headline but it's not the limit of what's affected.

But yeah, like a said a coupla posts ago, they don't have the tools to target precisely, so they lob grenades and merkins who aren't the problem get blown up alongside merkins that are the problem.

 

[Gary Gutful]

Yeah its not nice ..... as i said it would be equally not nice if they were proposing another cause of death ... but i dont think it is uncommon for people to wonder why. When you see a story of a famous persons death, particularly a young one, do you wonder why? I do. And no not since covid. They usually say in first few paragraphs, and if not you scroll to bottom and look for the lifeline message, cos young deaths are uncommon and thats a sad reality with younger deaths.

Why dont you question why limited news are even tweeting this? You think there might be a reason? Im betting they make a choice which stories end up on social media for public comment. I notice they didnt open for comments on their own site though.

Tend to agree that it's somewhat inevitable that people will ask the question wrt vaccines, which is fine.

As with most things there will always be merkins who take it too far and spread bullshit but that happens in all facets of life and on both sides of virtually every issue of importance.

 

[Twizzle]

He didn’t say that,

thank you, I'll take the appropriate action

 

[Gronk]

Yeah its not nice ..... as i said it would be equally not nice if they were proposing another cause of death ... but i dont think it is uncommon for people to wonder why. When you see a story of a famous persons death, particularly a young one, do you wonder why? I do. And no not since covid. They usually say in first few paragraphs, and if not you scroll to bottom and look for the lifeline message, cos young deaths are uncommon and thats a sad reality with younger deaths.

Why dont you question why limited news are even tweeting this? You think there might be a reason? Im betting they make a choice which stories end up on social media for public comment. I notice they didnt open for comments on their own site though.

Tend to agree that it's somewhat inevitable that people will ask the question wrt vaccines, which is fine.

As with most things there will always be merkins who take it too far and spread bullshit but that happens in all facets of life and on both sides of virtually every issue of importance.

If you take Anthony Bourdain as an example, he died in 2018. There was none of this. Some whispers of self harm, but on day one 99% of people were focused on the deceased, not the cause. How shocked they were. Sympathies for his family, reflecting on his career. Now if anyone dies twitter threads and comments on news articles / facebook are flooded with #diedsuddenly hashtags etc as if death for anyone under 60 is a new post pandemic phenomenon.

Plenty of tragedies have come out of the pandemic and this is definitely one of them. LINK and LINK and LINK.

 

[Gary Gutful]

If you take Anthony Bourdain as an example, he died in 2018. There was none of this. Some whispers of self harm, but on day one 99% of people were focused on the deceased, not the cause. How shocked they were. Sympathies for his family, reflecting on his career. Now if anyone dies twitter threads and comments on news articles / facebook are flooded with #diedsuddenly hashtags etc as if death for anyone under 60 is a new post pandemic phenomenon.

Plenty of tragedies have come out of the pandemic and this is definitely one of them. LINK and LINK and LINK.

I remember quite a few Bourdain conspiracy theories at the time of his death. Some shit about his Mrs and Me Too that is too dumb to repeat.

Also Bourdain died at 61 so I don't understand the relevance of his case to the subsequent point you are making.

 

[Gronk]

I remember quite a few Bourdain conspiracy theories at the time of his death. Some shit about his Mrs and Me Too that is too dumb to repeat.

Also Bourdain died at 61 so I don't understand the relevance of his case to the subsequent point you are making.

Yes, I saw a merkin say something about the Illuminatii taking him out too. Whatever that means. However the magnitude of this #diedsuddenly movement is a thousand (million ?) fold larger.

The 60 number was arbitrary FFS.

 

[IFR33K]

thank you, I'll take the appropriate action

I requested it from a proper mod. Not from another with his head up his ass.

but thank you.