hineyrulz
Post Whore
- Messages
- 149,500
The look on your face when i waffle stomped it into your front seat will br something i take to my grave.
You think a second wave of COVID-19 is impossible?
Nup, lost me right there...Not all. If you actually read my posts you will see that I was trying to drill down on what sort of a second wave would need to hit to cause a 30-40% drop on property values. It would need to be a catastrophic death toll. In the GFC prices dropped in Melbourne 30%, but the market felt that there was a correction needed in that city anyway.
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You dickhead.You and your mate can f**k right off if you come anywhere near Woody Pt.
Well I don't want to use the old 'that escalated quickly' thing but..... How about them Lakers?Too harsh?
Yeah, Kobe is primed for a big season.Well I don't want to use the old 'that escalated quickly' thing but..... How about them Lakers?
Not in the slightest. I find it very exciting!Too harsh?
Not all. If you actually read my posts you will see that I was trying to drill down on what sort of a second wave would need to hit to cause a 30-40% drop on property values. It would need to be a catastrophic death toll. In the GFC prices dropped in Melbourne 30%, but the market felt that there was a correction needed in that city anyway.
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What are your thoughts on our handling of this? Is the cure worse than the disease?The GFC wasn't accompanied by a major shock to employment in Australia. The big issue here is how many defaults eventually occur, and then how many people can actually afford a mortgage worth 80% of today's value of the property offered. I suspect that prices will fall by a reasonable margin, but on very low volumes of trade .Wouldn't take a lot for that to become more severe though, given the reduction in overseas demand accompanying the fall in temporary migration of overseas students....and the cash that comes from their parents buying property here.
What are your thoughts on our handling of this? Is the cure worse than the disease?
I agree with most of that. Although I think we've gone beyond buying breathing space and shifted to almost eradication. And we were only doing this to flatten the curve. But we seem to have forgotten that.I don't think anybody has enough information to make a definitive statement on that question. So I'm not going to make one up. My take on the situation is that we really had to buy breathing space to allow us to expand capacity in intensive care wards etc, and that we took a pragmatic approach to achieving it. We will never know whether that was necessary or not. You can't rewind reality and watch it again after changing one variable. There are reasonable arguments regarding how we trade-off lives now v future prosperity (and lives), but they're also hard to assess. We make these trade-offs in normal circumstances too (e.g. we could save lives by reducing speed limits to 40km/h and locking up anyone who speeds....but we don't). I'm not a fan of ScoMo at all, but I think we've done ok thus far....not a fan of the latest renovation stimulus.
I agree with most of that. Although I think we've gone beyond buying breathing space and shifted to almost eradication. And we were only doing this to flatten the curve. But we seem to have forgotten that.
I think we're in a quandary. We got lucky and now our measures are too effective. Not enough of us have been exposed and now we don't really know where to go from here..You gotta remember that there is a considerable lag in the data required to work out whether you have, actually, flattened the curve. The situation was complicated by the cluster f**k arising from the 'let everybody off the Ruby Princess' farce. If we were trying to eradicate the virus we would not be relaxing shit now. We will inevitably have a significant number of cases over the next 6 months. It's not as if other countries' approaches have left their economy in a better state. Part of the pain we are going to feel is not directly caused by our shutdown.....it will result from the economic contraction of our trading partners...and that has bugger all to do with our policies.
I don't think anybody has enough information to make a definitive statement on that question. So I'm not going to make one up. My take on the situation is that we really had to buy breathing space to allow us to expand capacity in intensive care wards etc, and that we took a pragmatic approach to achieving it. We will never know whether that was necessary or not. You can't rewind reality and watch it again after changing one variable. There are reasonable arguments regarding how we trade-off lives now v future prosperity (and lives), but they're also hard to assess. We make these trade-offs in normal circumstances too (e.g. we could save lives by reducing speed limits to 40km/h and locking up anyone who speeds....but we don't). I'm not a fan of ScoMo at all, but I think we've done ok thus far....not a fan of the latest renovation stimulus.
Agree.
If someone can afford a 150k reno they do not need 25k boost