All their money is going into over priced housing and they have nothing left as discretionary spending or even disposable income.
An article on the ABC today said that one in eight people is struggling to pay their power bill. That's right, the basic utilities are unaffordable for many Australians right now.
Many people pay their bills and having nothing left over. They don’t go to the shops because they can’t afford to buy anything. They don’t go to cafe’s or the movies or on holiday. In fact they don't travel much at all. Maybe they dont get things fixed that they once would have. The leak doesn't get fixed, the ceiling fan doesn't get replaced…
End result, businesses don't need as many staff. Sole traders like electricians and plumbers go broke. Cafe’s struggle or close. Unemployment goes up.
It doesn’t need to a catastrophic event. It could be death by a thousand job cuts. Slow and painful cuts in small business, which the government forgets is the largest employer in the country.
We are going to choke our own economy on housing debt. Our eyes will be bulging by the time Australia realises what is happening and by then it will be to late.
Well, if you see lots of potential upcoming advantage in loading up on shite loads of heavily leveraged neg geared type Oz housing debt for you personally Stringy, then don't let little ole debt free wet blanket type me discourage you dude - You should just GO for it I reckon bloke! ...
PS: By all means, please do feel free to keep us all informed of your ongoing future purchases as you continue making them ...
Don't think stringy invests in property. I have heard he owns a video store (are there any left). Not sure how else he makes his money. What do you do, or did, stringman?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Don't think stringy invests in property. I have heard he owns a video store (are there any left). Not sure how else he makes his money. What do you do, or did, stringman?
He's a retired Admiral from the British navy on a juicy pension.
Not sure why posters should think that just because someone holds a positive view on the outlook of land and property prices that that necessarily means that they should buy more. For me, you invest in alignment with your own life cycle which in simple terms means you get as many growth assets and into as much investment debt as you safely can, as young as you can and then you wait whilst getting on with the many other things that you need to do in your life.
As you position improves and you age and if you want to invest further, you don't actually have to, but if you do, then higher yielding investments are a better choice as you reach your own personal dash for cash phase of your investment lifecycle. There is not much point in buying growth assets at 90 in my books.
All their money is going into over priced housing and they have nothing left as discretionary spending or even disposable income.
An article on the ABC today said that one in eight people is struggling to pay their power bill. That's right, the basic utilities are unaffordable for many Australians right now.
Many people pay their bills and having nothing left over. They don’t go to the shops because they can’t afford to buy anything. They don’t go to cafe’s or the movies or on holiday. In fact they don't travel much at all. Maybe they dont get things fixed that they once would have. The leak doesn't get fixed, the ceiling fan doesn't get replaced…
End result, businesses don't need as many staff. Sole traders like electricians and plumbers go broke. Cafe’s struggle or close. Unemployment goes up.
It doesn’t need to a catastrophic event. It could be death by a thousand job cuts. Slow and painful cuts in small business, which the government forgets is the largest employer in the country.
We are going to choke our own economy on housing debt. Our eyes will be bulging by the time Australia realises what is happening and by then it will be to late.
Nothing in that post reflects what is *actually* happening in consumer/economy-land right now in Oz. But never let actual facts get in the way of a good old doom-and-gloom emotive rant - heh?
For Aussie property bears, "denial", is not just a long river in North Africa.....
Not sure why posters should think that just because someone holds a positive view on the outlook of land and property prices that that necessarily means that they should buy more. For me, you invest in alignment with your own life cycle which in simple terms means you get as many growth assets and into as much investment debt as you safely can, as young as you can and then you wait whilst getting on with the many other things that you need to do in your life.
As you position improves and you age and if you want to invest further, you don't actually have to, but if you do, then higher yielding investments are a better choice as you reach your own personal dash for cash phase of your investment lifecycle. There is not much point in buying growth assets at 90 in my books.
Well said, you describe what some do in their investment decisions & planning.It's an old article but sometimes history does play a useful part in understanding that the paid analysts did get it wrong but to also understand just who could be getting it wrong now.
The sustain softness in commodity prices in the current global conditions should logically see those IR remain low .
Dummies will continually be kicking dirt because some have missed the bottom & keep moaning all the way to the top. Gotta love cycles.
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.
Not sure why posters should think that just because someone holds a positive view on the outlook of land and property prices that that necessarily means that they should buy more. For me, you invest in alignment with your own life cycle which in simple terms means you get as many growth assets and into as much investment debt as you safely can, as young as you can and then you wait whilst getting on with the many other things that you need to do in your life.
As you position improves and you age and if you want to invest further, you don't actually have to, but if you do, then higher yielding investments are a better choice as you reach your own personal dash for cash phase of your investment lifecycle. There is not much point in buying growth assets at 90 in my books.
I agree with your thoughts about the following: "you invest in alignment with your own life cycle" and "safely" and "as young as you can".
But remain suspicious of old farts singing the ongoing/never ending praises of investing in the asset classes that they are invested in perhaps?
Really the only question, upon seeing his post, was whether he was playing possum about the 2004 date of the ABC interview, or whether he had possibly--he *is* getting old--missed it himself.
Anyone clued in to the ongoing debate would have noted that both John Edwards and Pam Woodall have long-since moved on from the roles quoted in Strindberg's link.
Nothing in that post reflects what is *actually* happening in consumer/economy-land right now in Oz. But never let actual facts get in the way of a good old doom-and-gloom emotive rant - heh?
Sounds exactly like what is 'actually' going on right now, clearly reflected in the highest unemployment in twelve years alone. But somehow people can claim that what is 'actually' happening, is just doom and gloom talk and fantasy
Perhaps you should have a closer look at what has 'actually' been happening over the last three and a half years while youwere sleeping under a rock.....
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