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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 (10,208 Views)
ThePauk
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herbie
13 Jul 2014, 01:08 PM
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.
Hebs
So you would rather no single mum benefits, so she can not afford to raise a child and elects to abort. Got it.
Death taxes because you prefer the sperm lottery to any real social equality. Got it.

And on free health, which is a socialist value, you also object? I guess you do not and once again, you do not comprehend what types and mixes of socialism we have both here in Oz and other countries.
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herbie
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ThePauk
13 Jul 2014, 01:13 PM
Hebs
So you would rather no single mum benefits, so she can not afford to raise a child and elects to abort. Got it.
Death taxes because you prefer the sperm lottery to any real social equality. Got it.

And on free health, which is a socialist value, you also object? I guess you do not and once again, you do not comprehend what types and mixes of socialism we have both here in Oz and other countries.
You take a persons words and say this is what you reckon they mean Paulk - But hey, we know each other of old; So I knew that already.

PS: I'm sure there must be Capitalists who interact as dishonestly as you do. So I try to not hold your approach against Socialists in particular; But am not very successful at it I'm afraid - With you having become and pretty much ultimately being the quintessential Socialist to me these days ... :)
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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ThePauk
13 Jul 2014, 12:57 PM
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....
Now you just made that up. You have assigned some random made up claims to me, please don't do this to me again, both of us are too smart for silly nonsense like that. It spoils the debate.

I see home ownership as the single most effective and easily available means for a poor person to pull themselves out of the poverty trap.

I used it myself, together with getting as far in education as I could and having a good work ethic and a reasonable control on spending.

It is all very well for rich opinionated kids to opt out of home ownership if they so wish. However IMHO, it is entirely unethical for them to lie to poor people that home ownership will not help them in their later lives and lift them out of the poverty traps that will emerge from continued renting in a growing prosperous city.
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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Blondie girl
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skamy
13 Jul 2014, 01:09 PM


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.



I know you love your stats.

Go check what happened in 1999 ...what did house prices do?

What do you think happened to those who took advantage ?

What happens when theres some large blocks involved to develop to contribute in making more $? There's already equity in what's been purchased previously.

All that combo.

Well, it's no wonder some are doing very well now.

Edited by Blondie girl, 13 Jul 2014, 01:35 PM.
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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Mike
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Count du Monet
13 Jul 2014, 02:47 AM
When I refer to the coming War, I don't mean the small affairs that inhabit the realm between "Total Wars". The 30 years war was a Total War, the Napoleonic and WW2.

In a Total War, all weapons and all means are used with gay abandon.

When I was 20 I could see WW2 was the result of WW1. But I always wondered what was idiot politics that led to the first "world war". Now I've seen a repeat of the politics.

The West thinking it can push into the Ukraine is a key type of idiocy.
While I agree things are a little more unstable then perhaps the past 20 years or so but far from the tension and crisis which happened during the Cold War or prior to it.

Berlin crisis, Cuban missile crisis, Soviet crackdown in Eastern Europe, Korea, Vietnamese, Afghanistan to name a few major events. All could have lead to a Third World War or worse,extinction of the human race.

We face nothing like this today, yet the world manage to grow, prosper and progress even during this turbulent years.

Unlike the lead up to WWII & II we have a dominant global superpower with by far the most powerful military. It's forces are forward deployed with dozens of powerful allies at its call. While perhaps not as strong as it was 10 years ago prior to the GFC as while the US struggled rising powers such as China grew quickly. However it appears this trend is reversing with rising powers now slowing with developed nations now gaining instead.

The US is in a much more enviable position then the UK was in the lead up to WWII & II and it was the dominant power at that time but was challenged by powers much closer to its equal and surpassed then the US has at present.

The UK was challenged by Germany which was superior to the UK on land while the UK held sway over the oceans. US economic might was already challenging the UK lead and which it subsequently lost. France, Russia, Italy, Japan all rising power much closer in power to the UK then any near Rival to the US.

The only potential challenger to US domination is China. Russia is no challenge to US domination, it is only a thorn in side able to cause local trouble in former Soviet States. The US and it's European allies control 45% of Global GDP, Russia controls just 2%. It cannot sustain any military effort for very long. China controls about 10%. If you factor in the US Asian and other allies it's share of Global GDP in its alliance rises to over 60% leaving only 15% for a combined Chinese and Russian alliance block. Not a strong position to challenge the dominate power. China needs a few decades to reach a position where it can challenge the US one for one let alone the US and it's many allies.

I think you will find the US lead order will strengthen over the coming decades rather then weaken.
http://mike-globaleconomy.blogspot.com.au/
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Curious Non-Economist
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skamy
13 Jul 2014, 01:09 PM
The whole gen x cohort were between 20 and 40 in 1999.



So, 1999 - 1964 = 40? And 1999 - 1984 = 20?

At least the teaching of arithmetic improved after the Boomers anyway.

Quote:
 
The ABS figures show home ownership rates are 40-60% for this age group.

So, GenX simultaneously has 40% home ownership and 60% home ownership? Do you have a link for the ABS's methodology used to calculate that percentage so I can see why there is a 50% standard error?
Quote:
 
So they did buy and they did make money.

You only make money when you sell, even the tax office acknowledges this.
Quote:
 
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.

I think that is probably a good thing for most of GenX. Instead of 'doing it tough', many GenX have thoroughly enjoyed life in their prime years of 25-35. They married later, had kids later, and many of them are quite burned out. I think a tree change will be good for many of them, downshifting their stress levels. Leave the cities to the Boomers and GenY, who, as far as I can tell, already know everything there is to know about pretty much everything So there is nothing GenX can teach the incoming GenY, and they are obviously just deadweight to the Boomers who have been singlehandedly running everything and doing everything for the last 20 years regardless. Back to the farm GenX!

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ThePauk
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skamy
13 Jul 2014, 01:26 PM
Now you just made that up. You have assigned some random made up claims to me, please don't do this to me again, both of us are too smart for silly nonsense like that. It spoils the debate.

I see home ownership as the single most effective and easily available means for a poor person to pull themselves out of the poverty trap.

I used it myself, together with getting as far in education as I could and having a good work ethic and a reasonable control on spending.

It is all very well for rich opinionated kids to opt out of home ownership if they so wish. However IMHO, it is entirely unethical for them to lie to poor people that home ownership will not help them in their later lives and lift them out of the poverty traps that will emerge from continued renting in a growing prosperous city.
Shammy
Not sure what I attributed to you as a made up claim?

"I see home ownership as the single most effective and easily available means for a poor person to pull themselves out of the poverty trap. "

And that is the problem with our society. What if young people knew they could not make any money or attain wealth through the non-productive housing market? Would they become more entrepreneurial, create more startups, invest into those that are and perhaps create a business or enterprise that actually creates real GDP and employs people? I think they would.

I certainly do not lie to young people that residential housing is a bad investment. It is, and will be for some time to come, even with the present brief rise in house price inflation.

Of course home ownership, note only 31% actually own outright down from 46%, is a good thing and especially when the house they purchased is not in a bubble and is actually affordable. So affordable that they have surplus funds to invest into productive works, perhaps have children at home with a single home income and actually enjoy their lives. Certainly better than taking a mortgage at 7 times household income and hoping houses do not fall in value. That is a lemming.
Edited by ThePauk, 13 Jul 2014, 01:46 PM.
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Blondie girl
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Now that's really smart.

Advocating the gen x to live in the stix.

Where's some of the best schools located? If one has young ones?


Yeah so realistic you are.

And nothing to offer gen y?

You have got to be joking.

So much crap to read.
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
Member Avatar


Blondie girl
13 Jul 2014, 01:29 PM
I know you love your stats.

Go check what happened in 1999 ...what did house prices do?

What do you think happened to those who took advantage ?

What happens when theres some large blocks involved to develop to contribute in making more $? There's already equity in what's been purchased previously.

All that combo.

Well, it's no wonder some are doing very well now.
Posted Image


Just look at the gains these young folk got hey?
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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Count du Monet
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Mike
13 Jul 2014, 01:32 PM
While I agree things are a little more unstable then perhaps the past 20 years or so but far from the tension and crisis which happened during the Cold War or prior to it.

Berlin crisis, Cuban missile crisis, Soviet crackdown in Eastern Europe, Korea, Vietnamese, Afghanistan to name a few major events. All could have lead to a Third World War or worse,extinction of the human race.


I think you will find the US lead order will strengthen over the coming decades rather then weaken.
MAD was a real doctrine once. Because they had no means to stop a ballistic missile once it's in sub orbit and interception prior to stage was unlikely. But new technologies are making interception a possibility. This will override MAD and give somebody the idea they can be the winner! The problem is ballistic missiles are crude but effective and can be created in large numbers!

Quote:
 
I think you will find the US lead order will strengthen over the coming decades rather then weaken


That would be against the historical trend.

Spain emerged as the new world order after the fall of Byzantium. And went on to overate its degree of control and ground itself into dust during the 80 years war. After 1648 it was Frances "new world order", it overrated itself and was challenged. Losing strength mid point onwards total loss during the Napoleonic wars.

Britain emerged as commander post 1816, but was increasingly challenged half way onwards. Losing it all from WW1 to WW2.

The US emerged as commander then 1945 (they had become the real power prior to that), but is suffering an increasing string of failures.

These "New World Orders" so far have had an expiry date of little over a century.

Germany may prove the dominant culture, although the Russians have proved the,selves stuff of iron. As for the US it would collapse if its door is ever kicked in!
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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