I think the block shows just how bad tv has become. Whether you are into housing investment or not, the promos and the show itself and the endless juxtapositioning of sponsors is enough to make you cringe let alone the show itself. The block says a lot about Australia and what we have become as a nation, a bunch of mindless idiots.
You want to question me on rates Peter, interest rates Peter.
Honestly mate, has anybody called them better or explained them better than I have going back years. When really many of you had no clue at all, but I could answer with such conviction. I will refrain mentioning what others were saying.
But in saying all that Peter, Im not expecting 2% rises anytime soon . I said what 'if' rates rise to 2%. But again you had no clue until I had explained it for years and now pretend your the guru. We know who that is Peter . We can find the old postings if you want to argue otherwise.
So ,don't sit there Peter now, pretending to know it all when you had no clue earlier. I will remind you here, if you were able to see the bigger picture you would have known it too Peter, but you either cannot see the bigger picture or pretend to ignore it.
So rates are low, still looking like more chance of falling than rising right now. But that is not to say that they cannot go up or will not go up in future. A mortgage is a long time, do you want to pretend they cannot go up.
A number of things could cause this, collapsing of the US dollar could cause rates to rise, war outbreaks , continued economic decline . Many things could raise rates, Inflation from our dollar if it starts to collapse. Could that not happen Peter ? Don't pretend you know it now after the event, and clearly explained by the real experts Peter.
Ill try again , it is me MMM. Can you answer the question mallard or would you just rather pretend rates cannot rise.
Like I said a mere 2% rise and you would be paying $10,600 a month in interest alone, that's before and maintenance or reapairs, before any council or water rates, before insurance of the property or lenders mortgage insurance. And is also before you have paid one cent off the property.
Just like buying at the peak of peak of prices as the world heads into the greatest economic decline in the history of the world.
Just like buying at the peak of peak of prices as the world heads into the greatest economic decline in the history of the world.
Interesting, so you are predicting a more severe economic contraction than the historical and documented major downturns of the Middle Ages, the Renaissance, the Enlightenment and the Victorian Age.
Interesting, so you are predicting a more severe economic contraction than the historical and documented major downturns of the Middle Ages, the Renaissance, the Enlightenment and the Victorian Age.
You could be right, but when will it start?
Well I was not really thinking back that far Bardon , and don'tknow if we could measure on a scale of today. But with debts levels and more than ever owing shitloads of money and little way our economies can growfrom here, I'll say yes.
As least after the great depression, we had a way to move forward economically, debt was no where near where it is today. Most people had hardly any debt in the 1920s as oppossed today on a broad scale. It was only home loans for the average mum and dad back then. No cars loans, credit cards or investment loans or leveraged stock portfolios or the like and next to zero mum and dad investors in the share market like there is today, but without all the leverage we have today. And back then , we did not have dirt cheap chinese labour taking all our jobs and building everything we all used to make but dont now because we cannot compete anymore.
So bardon, the current gfc( global financial collapse), makes the great depression look like a walk in a park.
Its not even close Bardon by any measure or scale.
Unlike all the other times, we now have no way to move forward or beyond it with the prices and debt levels remaining where they are, and Chinese labour now taking our Jobs. You will understand before much longer.
Oh yeah, you said I could be right, and when will it start.
I am right .....It started in 2008 , and is still going strong,shown clearly with rates still at zero and now into its SEVENTH year, with stimulus still being pumped in all around the world all these years later,that is now no longer working.
I think the block shows just how bad tv has become. Whether you are into housing investment or not, the promos and the show itself and the endless juxtapositioning of sponsors is enough to make you cringe let alone the show itself.
Stuff like The Block does often exaggerate the good bad & ugly of financially committing to property.
The most frequent objections of property includes this:
We're LOSING $ on it so the PI is a fool. We're MAKING $ on it so the PI is greedy Investors push up prices so the PI is greedy The Govt supports PI, the Govt is a fool The property market will crash, so the investor is a fool PI deprive oz so the PI are foolish greedy sods
haven't really worked out if we're greedy Bastids or fools.
The herd is bleating what now I wonder..... Remember there's safety in numbers...
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.
Oh yeah, you said I could be right, and when will it start.
I am right .....It started in 2008 , and is still going strong,shown clearly with rates still at zero and now into its SEVENTH year, with stimulus still being pumped in all around the world all these years later,that is now no longer working.
Hope this answers your questions bardon
I honestly don't think it has started and if we were to have a tectonic shift from this current long term price inflation phase to a period of equilibrium then I cant see it starting before 20205 for that matter.
I honestly don't think it has started and if we were to have a tectonic shift from this current long term price inflation phase to a period of equilibrium then I cant see it starting before 20205 for that matter.
Is that Jan 1, 20205 or Dec 31 20205?
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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