Welcome Guest [Log In] [Register]


Reply
First home crisis triggers call for action - more evidence of class welfare and fraudulent govt; Yet more evidence of billions wasted on housing for existing home owners!
Topic Started: 16 Dec 2013, 03:53 AM (973 Views)
Timo
Default APF Avatar


Billions wasted on exisiting home owners, likley to have bought thier homes for next to nothing......

And yet the Government rules out assisting actual contributors to the economy such as the car industry! Double standards?

Billions wasted on un-productive assets resulting in social injustice = Good

Billions given to car industry to make Australia globally competitive and retain jobs = Bad

Go figure......

http://www.smh.com.au/business/property/firsthome-crisis-triggers-call-for-action-20131115-2xmcv.html
Edited by Timo, 16 Dec 2013, 03:55 AM.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
themoops
Member Avatar
Ruby Member
This is why I voted informal in the lower house.

The media before the election - "OMG there's too much debt, omg!"

The media after the election - "Libs borrow $200bn more, who gives a fuck". :lol
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Timo
16 Dec 2013, 03:53 AM
Billions wasted on exisiting home owners, likley to have bought thier homes for next to nothing......

And yet the Government rules out assisting actual contributors to the economy such as the car industry! Double standards?

Billions wasted on un-productive assets resulting in social injustice = Good

Billions given to car industry to make Australia globally competitive and retain jobs = Bad

Go figure......

http://www.smh.com.au/business/property/firsthome-crisis-triggers-call-for-action-20131115-2xmcv.html
The car industry contributes to the economy??
Timmy i am prepared to work with you man but you got to stop pulling this shit out of thin air.
How does building shit boxes contribute to the economy??
Peter
:pop:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
MassPsychology
Default APF Avatar

foxbat101
16 Dec 2013, 10:49 AM
The car industry contributes to the economy??
Timmy i am prepared to work with you man but you got to stop pulling this shit out of thin air.
How does building shit boxes contribute to the economy??
Peter
:pop:
It contributes to the economy because those workers are paid a wage, thus they tend to have a house, they are also economic actors in the retail sector and buy goods and services. Car manufacturing also contributes to the economy in general because all of the periphery parts of a car are also manufactured here (rubber, glass, steel etc).
Profile "REPLY WITH QUOTE" Go to top
 
Timo
Default APF Avatar


foxbat101
16 Dec 2013, 10:49 AM
Timo
16 Dec 2013, 03:53 AM
Billions wasted on exisiting home owners, likley to have bought thier homes for next to nothing......

And yet the Government rules out assisting actual contributors to the economy such as the car industry! Double standards?

Billions wasted on un-productive assets resulting in social injustice = Good

Billions given to car industry to make Australia globally competitive and retain jobs = Bad

Go figure......

http://www.smh.com.au/business/property/firsthome-crisis-triggers-call-for-action-20131115-2xmcv.html
The car industry contributes to the economy??
Timmy i am prepared to work with you man but you got to stop pulling this shit out of thin air.
How does building shit boxes contribute to the economy??
Peter
:pop:
Well the loss of some 33,000 jobs predicted gives you some clue......unlike billions wasted on real estate, which has only seen housing starts drop and builders go bankrupt.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

MassPsychology
16 Dec 2013, 09:35 PM
It contributes to the economy because those workers are paid a wage, thus they tend to have a house, they are also economic actors in the retail sector and buy goods and services. Car manufacturing also contributes to the economy in general because all of the periphery parts of a car are also manufactured here (rubber, glass, steel etc).
Why not pay them to stay home, less green house gases and no shit boxes to crush.
Peter
:to:
Timo
17 Dec 2013, 02:51 AM
Well the loss of some 33,000 jobs predicted gives you some clue......unlike billions wasted on real estate, which has only seen housing starts drop and builders go bankrupt.
Building a shit box on wheels does not help the economy.
Build what people want and i say yes.
I do not know anyone that drives an Australian made car.
No one i know would be seen dead in one.
Peter from Mount Lawley
:oo:
Edited by Foxy, 17 Dec 2013, 04:03 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Timo
16 Dec 2013, 03:53 AM
Billions wasted on exisiting home owners, likley to have bought thier homes for next to nothing......

And yet the Government rules out assisting actual contributors to the economy such as the car industry! Double standards?

Billions wasted on un-productive assets resulting in social injustice = Good

Billions given to car industry to make Australia globally competitive and retain jobs = Bad

Go figure......

http://www.smh.com.au/business/property/firsthome-crisis-triggers-call-for-action-20131115-2xmcv.html
I think you will find this government is going to stop underwriting unproductive sectors no matter what they are.

Hence Qantas, car industry, bloated public service, and shortly, the reinvestment industry aka the housing speculation sector.

Things are getting interesting, and hopefully we will see a lot more investment from government into sectors that actually stand a chance of being informant in the short term.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy