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Baby Boomers Are Evil - visit Reform Australian Housing on Facebook; I bought a house a year ago, paid some snivelling undeserving ageing hippy boomer far more than they deserved
Topic Started: 11 Jul 2014, 02:01 PM (10,209 Views)
Blondie girl
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ThePauk
13 Jul 2014, 12:46 PM
Herbs
Poor you, so sad that you do not want to help those in our society who fall through the net for whatever reason.

I take it you do not support free health, free schooling, any welfare or any assistance at all to those who need help. So sad, you old bitter selfish man...
And you

Willy Wonka puppet.

You are stuck in the world of stats....
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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skamy
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Count du Monet
13 Jul 2014, 08:54 AM


The great debt binge that started under Regan and Thatcher is coming to and end. It was fueled by money borrowed from the developing world. It was this flood of money that culminated in the pre GFC debt bubble.

Hi Count

You have been told some porkys, Count. Read my sigline, doomsters have been spreading this "overloaded with debt" myth since I was a teenager.

Australia has no huge debt problem, there has been no huge debt binge. Most of the debt is held by the richest people in Australia and Australians have more than enough in savings to balance debt.

Posted Image




Young homeowners in Sydney and Perth are making money Count, to deny that is just silliness. They also have better super than we did. People who bought in 2012 are making a motza in Sydney especially. Those young kids with the foresight to buy property in daggy western Sydney are making their fortunes. While their peers who sat around with Keen et al waiting for a pipe dream of a 40% reduction on a Eastern suburbs home are getting all bitter and twisted at the doomers who led them up the garden path.

As the RBA pointed out there are significant financial cost to be paid for avoiding home purchase.

Quote:
 
Households who have not been able to gain access to home ownership have relatively little wealth of any sort.


Gen X are already richer than we were at their age and that is likely to increase for young homeowners now as we emerge relatively unscathed from the GFC.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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ThePauk
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herbie
13 Jul 2014, 12:50 PM
Fucking Socialism - The destroyer of multi-generational families - The most insidious and loathsome of creeds.
Herbs
You are simply using a very broad term like socialism to mean one particular thing.
We are a mixed economy with socialism and capitalism running in parallel.

How could a social society destroy multi-generational families?
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herbie
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ThePauk
13 Jul 2014, 12:46 PM
Herbs
Poor you, so sad that you do not want to help those in our society who fall through the net for whatever reason.

I take it you do not support free health, free schooling, any welfare or any assistance at all to those who need help. So sad, you old bitter selfish man...
Go eff yaself Paulk.

For two reasons:

1. You knowingly and intentionally misrepresent my thoughts as expressed to you over quite a few years on another site as well as more recently here in stating that, and

2. Because you are you ... :)
Edited by herbie, 13 Jul 2014, 12:56 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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skamy
Dear me, you see the way to wealth as only property and that is the dilemma we are in. What is houses did not inflate in prices, can you imagine how you would make true wealth that may do contribute to the GDP, employ people and be a productive use of capital? Perhaps not....

and why a chart before the CGC, dear me....
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skamy
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MMM
13 Jul 2014, 09:48 AM
Oh skamy, open your eyes goofy. Here you are below zpriuking Perth and Sydney gains.

Perth is up around 3% from the 2010 highs, rents are crashing and you sit there spriuking cause you bought a house or two not long ago for your daughter. Are you paying her mortgage to skamy. The fact is , you have bought at the height of a ponzi scheme bubble .

And you think gen y will be richer than the boomers, they might think they have a chance still, only if these idiots are completely viod of all around them.

The fact is , Perth prices are the biggest most unsustainable bubble out of every single capital in Australia.

Most bulls are stuck in yesteryear, praying on a repeat of the last 20-40 years. But we csn see in most western economies that things are nothing at all like the last 20-40 years and things are falling aprt like we ha e never witnessed in our lifetime. Lifelong jobs that supported generation after generation into home ownership are now gone FOREVER. Ford and holden have been going for nearly a century in this country, they are now closing their doors. Dont remember ANY other GFC suffering country losing their car industrylike we have. What will be the repercussions of that ? We have nothing to gauge it off because NOBODY has lost theirs.

Wake up you dopes, your boring me.......
Ted are you daft? Perth prices have risen hugely since my daughter bought, she recently rented it on the first open for $10 more than the asking price. Australia is not doom and gloom get outta the house and off those depressing "the end is nigh" sites. The future looks grand the crisis has passed for now.

I know you were sold a lemon and actually sold your home due to their ranting, these people have done you a huge disservice Ted cut them outta your life.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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ThePauk
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Sorry for getting up your nose again herbmister, however just calling 'socialism' without a good understanding of what you are saying is important.
I ask again, how does any socialist attitude destroy multi-generational families?

Blondie girl
I would rather be struck in facts and data than have my head up my arse like you perhaps?
Your anecdotal evidence is clearly that of a family with very low social values, extreme 'me' focus and very little to actually add to a productive society. What exports did you do again?Oh that's right, nothing...
Edited by ThePauk, 13 Jul 2014, 01:03 PM.
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herbie
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ThePauk
13 Jul 2014, 12:59 PM
... how does any socialist attitude destroy multi-generational families?
Single mothers benefits and death taxes both rate an immediate mention - IMO.

Destruction, destruction, destruction - Socialism, Socialism, Socialism - Anti-family, anti-family, anti-family.

eff Socialism.
Edited by herbie, 13 Jul 2014, 01:08 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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skamy
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Curious Non-Economist
13 Jul 2014, 09:50 AM
Made up stuff
Go back and read my post again. You have not understood it.

The whole gen x cohort were between 20 and 40 in 1999. Prime age for starting out in home ownership. The ABS figures show home ownership rates are 40-60% for this age group. So they did buy and they did make money.

Those who failed to buy got left behind and are now very very far behind. They will now be only able to buy the homes that the next generation are buying, smaller and further out from the cities.




Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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MMM
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Blondie girl
13 Jul 2014, 12:45 PM
I notice MMM that you are registered. After countless goodness knows socks...

Well learn to spell tenant. You know crap about the day to day reality of home ownership.


The yesteryears have made an impact for someone like me in which you are quick to deride.

When one is taught to top upon what's given on their 18th & build on that & not whine about hardships it's made a difference .

When one takes action to buy in 1999 & sell those that needed to go... You don't understand & appreciate the impact of what it's achieved to the present day.

I've come from those who have known exactly what they've been doing for a very long time.


I'm going to be more restrictive in who I respond to now.



Oh Blondie, when will you get it right.

I've owned multiple Sydney property since 94 and am about the same age as you. I don't have any kids under 21 blonde, how old are yours. I have owned investment property longer than you, and still rent out property. You dont know what your even talking about.

You clowns seem to think bears are not property owners . You dont have to be a non property owner to realize the economy is permanantly screwed. You people are so narrow minded its not funny anymore.

Were given a property at 18 , and never made to do anything for yourself. And now because of this, pretend you are great and worthy of some sort of recognition while deserving verry little.

Don't start me blondie, reality can be a real bitch. ;)


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