Excuse us Watson, but in all honesty, do you have a current job?
I've got a current job and so does nearly everyone I know. Whether I'll still have one in a month or a year is always unknown, but I'm not going to put my life on hold because of a little uncertainty. You've just got to roll up your sleeves and get on with life and take the odd risk here and there. You bet against property you bet against the RBA mate. The all-powerful RBA. And the pollies. They've all got lots of skin in the game. Property investors everywhere at the RBA and in the parliament. Place is swarming with them. And you're betting against all of them.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
I've got a current job and so does nearly everyone I know. Whether I'll still have one in a month or a year is always unknown, but I'm not going to put my life on hold because of a little uncertainty. You've just got to roll up your sleeves and get on with life and take the odd risk here and there. You bet against property you bet against the RBA mate. The all-powerful RBA. And the pollies. They've all got lots of skin in the game. Property investors everywhere at the RBA and in the parliament. Place is swarming with them. And you're betting against all of them.
Government has over time been vested and corrupt in many things and ways, but power of the people will always prevail.
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.
I've got a current job and so does nearly everyone I know. Whether I'll still have one in a month or a year is always unknown, but I'm not going to put my life on hold because of a little uncertainty. You've just got to roll up your sleeves and get on with life and take the odd risk here and there. You bet against property you bet against the RBA mate. The all-powerful RBA. And the pollies. They've all got lots of skin in the game. Property investors everywhere at the RBA and in the parliament. Place is swarming with them. And you're betting against all of them.
So you admit that you could be one paycheck away from collecting dole? Is that right?
Also despite you claiming that the gubment is behind the housing ponzi..........'YOU' are not in the gubment or part of the elite, hence you are vulnerable, and merely a punter? Is that right?
Now from your statement/ response we can assume you are also in a run of the mill industry.........let me guess Watson, do you work as a teller in a bank? or an insurance agent/ sales rep?
Now we are assuming all this unless ofcourse you got a few millions?
If the above is not true, we take our hats off to you for having balls.
Thing is there are more owners than renters. The numbers are against you mate.
Watson, we know you are young........but do you remember Alan Greenspan appearing before Congress just before the housing bust in the U.S. and stating under oath..........
Members of the Congress, we the Fed are unaware of a housing bubble........We can't explain what happened
So you admit that you could be one paycheck away from collecting dole? Is that right?
Not quite. I'd have six to nine months to find another job if I lost this one before exhausting funds from the mortgage offset account. I reckon I could find another one in that time. Even during the Great Depression the majority of people still had jobs.
Quote:
Also despite you claiming that the gubment is behind the housing ponzi..........'YOU' are not in the gubment or part of the elite, hence you are vulnerable, and merely a punter? Is that right?
You are correct to say I'm not the government ... but my interests are aligned with the government's. Your interests are not. They are running 180 degrees to the government's. That's your problem.
Quote:
Now from your statement/ response we can assume you are also in a run of the mill industry.........let me guess Watson, do you work as a teller in a bank? or an insurance agent/ sales rep?Now we are assuming all this unless ofcourse you got a few millions?
No, I don't have "a few millions" but you're very cocky, mate. Pretty sure of yourself. And dripping with contempt for those who disagree.
lulldapull
10 Aug 2014, 04:38 PM
Watson, we know you are young........but do you remember Alan Greenspan appearing before Congress just before the housing bust in the U.S. and stating under oath..........
Members of the Congress, we the Fed are unaware of a housing bubble........We can't explain what happened
If interest rates are raised too far in Australia, like they were in the US, then there will be consequences. But again ... are you going to put your life on hold waiting for such an event?
I've got a current job and so does nearly everyone I know. Whether I'll still have one in a month or a year is always unknown, but I'm not going to put my life on hold because of a little uncertainty. You've just got to roll up your sleeves and get on with life and take the odd risk here and there. You bet against property you bet against the RBA mate. The all-powerful RBA. And the pollies. They've all got lots of skin in the game. Property investors everywhere at the RBA and in the parliament. Place is swarming with them. And you're betting against all of them.
Well Perth is looking at having a correction at the lowest rates setting ever. With no rises on the horizon.
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