Ot- qantas

[blacktip-reefy]

Hi risk my arse Honourable Reefy Son... the world is lining up to invest in us. .

Who? Other than Countries trying to take over FMG & ATlas & smaller miners who the f**k wants to invest in a country where a huge percentage of the real estate is held by the banks?
Where a small war somewhere could tear the guts out of what is left our heavily in debt economy with no surplus left at all.

 

[Quigs]

Huhhh !!!

 

[The Masked Avenger]

Interest rates are particularly irrelevant when the banks do not pass on cuts or mysteriously cut by around the same rate each time. No collusion there.
One of the only reasons other countries invest here is that our interest rates are higher than pretty well anywhere else.
This brain dead gutless government should have taxed the banks rather than the mines. Oh but hang on the banks are dealing In a captive market (us) and would have all been able ( due to their non colluding nature and lack of competition) passed on this tax to all of us.

If this government had any nuts (Juliar excluded) they would make the banks pass on interest rate cuts by threatening to remove all the lovely risk reducing measures afforded to them during the GFC.

And reefy is right they are tightening up on lending criteria and have been for some time now. I have first hand experience in this and it is not advertised. My house burnt down 2 years ago. Paid out under insurance and then went to reload some money to rebuild the house I had only financed 3 months before the fire. I did not change banks, I was earning $10k more per annnum after tax and none of my other particulars had changed. I had to resubmit pay slips etc and was then told they would loan me $120k less than they had loaned me 12 months earlier.

This is real world quigs and is happening every day.

 

[Quigs]

which bank?

serious question MA and i hate all the banks.

 

[The Masked Avenger]

Westpac, now with NAB but they are all Curtis'.

 

[Quigs]

I've had my run ins with banks too. I don't trust the bastards as far as I could kick them.

And throw in financial advisors.

 

[Quigs]

MA many many years ago I once told my bank manager... (my bank was 20ks away from where I lived) that the next time he came over to The Park could he bring some bank shirts with him. Because whatever I made at the time he took it off me so I may as well work for his farkennnn bank.

Psssst Westpac it was

 

[Eion]

Tell quigs what you think about the insurance section of Westpac MA...

 

[Quigs]

Funny you should mention that Eion, I was just going to bring up Insurance companies.

Especially here in Qld after the floods. Low bastards.

 

[Eion]

I work for one actually quigs. Doesn't mean I disagree with your sentiment from time to time.

Mind you, chuck in consumer groups, lawyers, judges, and of course our dear old pollies and I'll show you some scumbags. Plenty to go round. MAs experience was a frightening one. I think they were more hopeless than evil, but who knows...

 

[Quigs]

And stains and Hartley Of Brookvale supporters too Eion.

And don't forget the Peoples front of Judiah

 

[The Masked Avenger]

Tell quigs what you think about the insurance section of Westpac MA...

An insurance company that is a bank. I guess I should have seen that rogering a mile off.
They are still asking me to kick the can and fund some of their legal costs for my case. I sent them a lovely email comparing my monthly net salary to their last reported half yearly profit divided by 6. Let's just say that the answer had a crapload of zeros after the decimal point. Have not heard back from them yet.

 

[Eion]

Time for ACA. Desperate measures for desperate times MA.

 

[The Masked Avenger]

Time for ACA. Desperate measures for desperate times MA.

Was thinking of that but that would mean the possibility of meeting big Trace. (commence shivering uncontrollably).

I might engage the services of the Parrot. Reckon he would love our story of tax paying married couple with 4 blonde haired blue eyed kids being screwed over. Have to check if Westpac is one of his sponsors though.

 

[blacktip-reefy]

The banks are not to blame. I was quite shocked to find out how ethically they are approaching repos at the moment. Repos are happening at a rate never seen before in this country & this may explain why they are behaving ethically. Its called the jingle in the mail.
Simple explanation. Prices have deteriorated so much in so many places, that it is no longer viable to hold onto the property. So people are just handing the keys over to the banks. i.e. the jingle in the mail.
Now the banks know that the country has been at the tipping point of collapse for many years, so they have had to fight hard to retain property prices in key areas.
Example 1. Hedges avenue Gold Coast. Hedges is the Clontarf of the Gold Coast. The Bondi. Woolahra. prices of $20 million were not uncommon in the street, which spans about 3km. Well mr NAB told me that the banks now hold over half of the houses in that street. Already properties have been fire saled for less than a third of their purchase price. But the banks are not selling. They are sitting & holding them because the rest of the Gold Coast derives its value from this street. If a mansion in Hedges only fetches $1.5m what does that make all the mcmansions worth in the development areas where people paid $800k-$1m only 5 years ago? Makes them worthless is the answer & the banks would receive thousands of jingles in the mail.

 

[Quigs]

Good Luck MA, I am behind you all the way until you get to the point of conscripting the Parrot or ACA.

 

[Quigs]

I don't give a farkkk about Hedges St in the Gold Coast.

As Willie Nelson once said when he fell on hard times. How many cars can one guy drive at a time.

Maybe, just maybe those people that lived in $20 million dollar houses might just of been living outside of their means and times have caught up with them... just maybe.

I prefer to bat for Mr and Mrs Average and the 2 kids saving $4,000 dollars per year on his mortguage.

Those people that live in $20 million dollar houses, are they the Edlestiens or something. I'd rather see the banks look after Masked Avenger then f**king worry about some poor prick losing his $20 million house.

Farkkkk they might even have to live in a house worth say, $500.000.00. Shit wouldn't that be a hard road to hoe.

Give me strength......... farkennnn Hedges farkennnn Ave. What about the battlers on Ramsey Street.

Think you might of hit the nail on the head there HRS... the banks should start looking after Mr and Mrs Average more then looking after the occupants of Headges Farkkennn Avenue.

20 Million dollar houses be farkkkked.

 

[blacktip-reefy]

I don't give a farkkk about Hedges St in the Gold Coast.

As Willie Nelson once said when he fell on hard times. How many cars can one guy drive at a time.

Maybe, just maybe those people that lived in $20 million dollar houses might just of been living outside of their means and times have caught up with them... just maybe.

I prefer to bat for Mr and Mrs Average and the 2 kids saving $4,000 dollars per year on his mortguage.

Those people that live in $20 million dollar houses, are they the Edlestiens or something. I'd rather see the banks look after Masked Avenger then f**king worry about some poor prick losing his $20 million house.

Farkkkk they might even have to live in a house worth say, $500.000.00. Shit wouldn't that be a hard road to hoe.

Give me strength......... farkennnn Hedges farkennnn Ave. What about the battlers on Ramsey Street.

Think you might of hit the nail on the head there HRS... the banks should start looking after Mr and Mrs Average more then looking after the occupants of Headges Farkkennn Avenue.

20 Million dollar houses be farkkkked.

How far from the ocean do you live Quigs?

 

[Quigs]

Ohhhh and Mars has Carbon !!!

 

[Coastal Shark]

They're all phuked when it comes down to it. I earn in excess of $100k pa but due to the high rent I have to pay I can't get a deposit saved. I have the ability to repay a $550k loan as this is the equivalent of my rent but no deposit so no loan - catch 22.