Rumours and Stuff

[T-Boon]

Most of the worst offending politicians in terms of ownership of multiple properties are women.

I posted this mid finals game. Talk about a misogynist.

 

[T-Boon]

Pezet is good. I get the excitement.

We should snap him up off waivers.

 

[Zoso]

you cant make an assessment about a capitalist "system" in Australia if the demand side is artificially inflated constantly.

Agree. A lot of distortions and government meddling. Hard to argue we actually have a capitalist system.

 

[Timana]

We should snap him up off waivers.

Tbh, I'd rather go for wishart

 

[Zoso]

Why? My first house was as a 21yo and it was an investment property and I negative geared it straight away. Why cant younger lower income earners do the same? In fact that is the more sensible thing to do.


If they are bidding on the same property but its always going to be easier for higher income to out bid lower income earner, thats kind of the whole point.

Now run the same algorithm when the population is artificially increased by 3%pa.

And what year was it when you bought bought your property?

 

[Tiger5150]

If there was sufficient supply (building upwards) that “artificial” demand would quickly erode. That’s inequality in access to money.

But its not inequality in access to money. For every property sold, and EVERY property is sold, money is exchanged. its not a money supply issue, its a demand issue.

I don’t disagree that demand is important. They’re 2 sides of same equation but supply is always going to be the greater driver when demand is inelastic.

Thats the whole point. Neither is the greater driver, demand and supply are intrinsicly linked, that is exactly what the market is at its most simple form. Unfortunately deman is NOT inelastic. When the government is importing 350K new people pa, demand is the opposite of inelastic.

 

[Zoso]

Unbelievable....its almost like you started to make sense......



and.....there we go. Wrong again. DEMAND

Both. Plus poorly designed incentives, plus central bank policy that encourages speculation to offset their deliberate policy to devalue savings.

 

[Tiger5150]

Agree. A lot of distortions and government meddling. Hard to argue we actually have a capitalist system.

its 100% capitalism, but the demand side is driven by government and therefore you cant blame capitalism for inaffordability.

 

[Tiger5150]

And what year was it when you bought bought your property?

Why does the year matter? What matters is what the demand v supply was.

Serious question, why does the year matter?

 

[Tiger5150]

Both. Plus poorly designed incentives, plus central bank policy that encourages speculation to offset their deliberate policy to devalue savings.

please list the "central bank" policy that encourages speculation?

 

[Zoso]

Why does the year matter? What matters is what the demand v supply was.

Serious question, why does the year matter?

Because the solution of ‘just buy a property like I did’ makes sense when average prices were a multiple of 4-5 times income, not 7-8.
So what year was it??

 

[Zoso]

please list the "central bank" policy that encourages speculation?

Most central banks, including ours, have a target inflation rate of 2-3%. It is a systematic devaluation of spending power. Therefore, saving produces negative net returns for most people, after tax and inflation.
Best way to maintain spending power is to invest or speculate in assets that have a higher potential return than cash; shares, property, bitcoin to name a few.

 

[parra pete]

View attachment 106136View attachment 106138View attachment 106137

I was at this game when Jacko scored this try. It was at the Sydney Sports Ground against St George in 1963. Parra won the match 5-3, Bobby Bugden kicked the goal. Can remember it like yesterday.!!!. We never missed a match - I used to get along to every Parra match along with 5 or 6 mates. They were great days..The best of times....

 

[Poupou Escobar]

He doesn’t care he loves that moniker, poor fkr

I just don't care because it's meaningless. You don't like my posts and you're trying to make that my problem. But it doesn't need to be anyone's problem. Just ignore them.

 

[Poupou Escobar]

Buying one, two or seven houses isnt the problem with housing affordability or preventing the opportunity for your (or my) kids from home ownership. The problem is very simple, increasing >350K new people (demand) into the housing market without significantly increasing supply is the very simple straightforward issue.

Those merkins are required to pay tax and service your mortgages ffs. At least they are being productive.

 

[Poupou Escobar]

Most of the worst offending politicians in terms of ownership of multiple properties are women.

Or the best, depending on whom you ask.

 

[Poupou Escobar]

But its not inequality in access to money. For every property sold, and EVERY property is sold, money is exchanged. its not a money supply issue, its a demand issue.

Is it possible the supply of money is unequally distributed?

 

[Poupou Escobar]

Most central banks, including ours, have a target inflation rate of 2-3%. It is a systematic devaluation of spending power. Therefore, saving produces negative net returns for most people, after tax and inflation.
Best way to maintain spending power is to invest or speculate in assets that have a higher potential return than cash; shares, property, bitcoin to name a few.

I can't believe merkins who complain about being unable to save up a deposit. Why did they ever think it was possible? If I had tried to save for my deposit, I never would've been able to buy a house.

 

[King-Gutho94]

Actually a strange connection to Galvin and Parra if you dig deep enough.

Ill just let the dogs dig there Galvin hole a little more deeper.

 

[King-Gutho94]

Nice that the Dogs yesterday celebrated there 10 year anniversary of the last time they won a finals game.

With another finals loss