Non Footy Chat Thread

[I'm a loser baby...]

Ladbrokes and its 2 clone sites doing it again this weekend. I chose $130 to $280 in free moneys. Not huge, but for 10 minute's work, not bad. Get on it. Or not.

 

[Suitman]

Ladbrokes and its 2 clone sites doing it again this weekend. I chose $130 to $280 in free moneys. Not huge, but for 10 minute's work, not bad. Get on it. Or not.

You'll have to change your name soon if you keep winning.

Suity

 

[I'm a loser baby...]

You'll have to change your name soon if you keep winning.

Suity

I'm sure they'll close my accounts soon, so that might not be a problem. :lol:

Anyway, I think it's only fair compensation for those bloody annoying ads they've been running.

 

[Poupou Escobar]

The UK's first-past-the-post system being shown to be thoroughly undemocratic, with geographically based parties gaining an inordinate amount of influence compared to ideological parties that win more votes.

 

[Incorrect]

SMH.com.au have live coverage of Andrew Chan's funeral, there's a link to it top right of the home page...


FMD - that will do me. Mainstream media outlets now deem it in the public's interest to cover the funeral of an arrogant lowlife drug smuggler. Spare me.

Fairfax should be ashamed... though they are just another sensationalist tabloid outlet these days trying to win the race to the bottom against the other mob...

 

[SDM]

On the welfare discussion, the system is stupid, it makes no sense.

I work full time and my wife works a few days a week, we only pay for childcare 2 days a week, and household income is about 105k.
We have friends who pay for childcare 5 days per week, and mum and dad both work full time for a household income of about 80k.

The government pays us about 3 times the amount the other family gets per annum in childcare rebates, family tax benefits (both A&B), I even get part of my power bill paid.

It is based on the stupid means test that my wife earns under a threshold of about 20-25k, and household income is under 150k or somewhere near that. Yet if someone else has both parents on 27.5k per year, they are too well off to qualify. WTF?

How is this system fair? Its not.

 

[Joshuatheeel]

On the welfare discussion, the system is stupid, it makes no sense.

I work full time and my wife works a few days a week, we only pay for childcare 2 days a week, and household income is about 105k.
We have friends who pay for childcare 5 days per week, and mum and dad both work full time for a household income of about 80k.

The government pays us about 3 times the amount the other family gets per annum in childcare rebates, family tax benefits (both A&B), I even get part of my power bill paid.

It is based on the stupid means test that my wife earns under a threshold of about 20-25k, and household income is under 150k or somewhere near that. Yet if someone else has both parents on 27.5k per year, they are too well off to qualify. WTF?

How is this system fair? Its not.

Definitely needs to be reviewed. The system also gives you extra because you pay extra tax, eg your friends are only earn $80k combined but $40k each (just a guess) thus they pay less tax then you, if you are earning $90000k, so the extra takes this into consideration also.

My brother in law was getting benefits on $150k as the wife was not working - crazy!!

 

[Joshuatheeel]

Have to love footy. My son who is no superstar, but loves his footy, scored the winning try for his side today.

He was so proud of himself!!

 

[Suitman]

Had the pleasure of selling an investment property today in Sydney's ridiculous property market.
Went to auction. Bidding went stupid and went well over an already inflated reserve.
I'm a happy camper tonight, but I really worry for my kids, and how they will ever manage to get into the market. Real estate prices in Sydney are beyond comprehension.

Suity

 

[Poupou Escobar]

Tell them to buy where they can afford. The market is only up because desperate people are willing and able to borrow so much. If interest rates ever go up again it will put the brakes on housing prices quick smart.

 

[Suitman]

Tell them to buy where they can afford. The market is only up because desperate people are willing and able to borrow so much. If interest rates ever go up again it will put the brakes on housing prices quick smart.

Sage advice Pou, which is what I did when I first got into the Sydney market. I bought, and moved to an area 30 km's from where I grew up. Within 4 years, I had made a capital gain and moved again. A bit closer to where I grew up.
Then I sold again, and built my own property, even closer.
I suppose once you are in the market, it's hard to lose.
This investment property was a stretch at the time, but the tenants helped pay it off.
I'm still in shock though at how much people are prepared to pay. What was paid today is far above what my little 2 bedroom unit should really be worth. I'll take it though.

Suity

 

[Avenger]

What suburb, Suity?

 

[Suitman]

Inner West.

 

[Hollywood Jesus]

Your kids would be alright if you kept those properties and passed them on instead of selling them to make yourself money, Suity.

In an unrelated note, next time I see you you're f**king buying.

 

[Avenger]

Your kids would be alright if you kept those properties and passed them on instead of selling them to make yourself money, Suity.

In an unrelated note, next time I see you you're f**king buying.

Maybe he is leaving them a substantial deposit or making then pay board like you skippies.

 

[Poupou Escobar]

Clearly Suity decided it's a better time to sell a property than it is to own one. Get out while the going's good. He might be right.

 

[yy_cheng]

Had the pleasure of selling an investment property today in Sydney's ridiculous property market.
Went to auction. Bidding went stupid and went well over an already inflated reserve.
I'm a happy camper tonight, but I really worry for my kids, and how they will ever manage to get into the market. Real estate prices in Sydney are beyond comprehension.

Suity

Well done. THe wife and I are planning to sell one of ours probably in Spring this year.

However, what do you do with the cash? I would like to pump some of it into Super so come retirement age, it will be tax free. (Hopefully since it is post tax dollars).


Suity, I believe you have a company right? Don't pay yourself this year to reduce CGT (if that's possible).

I started in property when I first got a job after uni. My parents put down a deposit for a 2 bedder flat in Ashfield. The kids (4 of us) paid the balance of the mortgage after rent and expenses. When we all got married, parents sold the property and gave us equal portions of the gain.

From that, we bought our first home.

I think a crash in bonds, equities and possibly property is coming this year or next.

When the unemployment rate goes up, and bonuses are reduced and people begin losing their jobs, the investors may start selling their investment properties.

 

[Suitman]

I think a crash in bonds, equities and possibly property is coming this year or next.

When the unemployment rate goes up, and bonuses are reduced and people begin losing their jobs, the investors may start selling their investment properties.

And that's when I'll buy back into the property market and get another stupid merkin to pay it off for me.

Suity

 

[yy_cheng]

I'm looking at how super works, in particular SMSF.

May look at buying property in that.

Did you know if you sell your business you can move the proceeds into Super and pay little to no tax?

My parents have a number of investment properties all paid off.

They are in their seventies and they still pay tax. Their friends moved all their money into super before they retired and pay no tax at all.

I plan to balance it. Some in some out.

 

[Poupou Escobar]

And that's when I'll buy back into the property market and get another stupid merkin to pay it off for me.

Suity

Are you saying rent covers your mortgage?