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Sydney now an international Global City, like New York and London. Young people will have to rent.; A tiny one-bedroom flat within 6.5km of central London costs the equivalent of more than $1 million
Topic Started: 20 Jun 2015, 05:39 PM (5,366 Views)
Dr Watson
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John Frum
20 Jun 2015, 11:03 PM
He who builds the engine of credit availability is more worthy than the one who heralds its inevitability.
I'm getting an image of what happens after you've been outbid at an auction. You're screaming at everyone, "But I work for a bank! I build the engine of credit availability! That house should have gone to me!"
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Loki
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Don
20 Jun 2015, 11:46 PM
Sydney is affordable to the 5 million people who live in Sydney. Otherwise how could they afford to live there. Its the same for all global cities.
Don you must have got a High Distinction at University when you took the bleeding obvious.

Dharavi is affordable to the million people who live there, otherwise how could they afford to live there?

If you want to head in that direction, keep following that logic.


“Talk sense to a fool and he calls you foolish.” - Euripides
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John Frum
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Dr Watson
21 Jun 2015, 08:49 PM
I'm getting an image of what happens after you've been outbid at an auction. You're screaming at everyone, "But I work for a bank! I build the engine of credit availability! That house should have gone to me!"

Well yes, but you also forgot hurling racial epitets at anyone present with a pronounced epicanthic fold, and ringing mummy and daddy to yell at them for not stumping up that extra 100k.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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Loki
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peter fraser
21 Jun 2015, 06:12 PM
If you are talking about any of the large banks, their engines are still DOS based, hardly sophisticated.


ComSee and ComBiz are all .NET based. But I don't think Mr Frum is building retail systems. His work probably has more to do with Greek letters and IB than the increasingly irrelevant retail side.

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If you are building them then you owe me and all of their clients an apology.
What clients? If you have funds on deposit you are a creditor of the bank. If you have a mortgage you are a counterparty. Maybe you are talking about structured credit?
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People can scream and protest as much as they like, but the centre of gravity has moved and Australian cities are now gaining significance.

I found a book you might enjoy:
http://www.amazon.com/Abandoned-Search-Truth-Looking-Fantasy/dp/0912800909/ref=sr_1_1?s=books&ie=UTF8&qid=1434882195&sr=1-1&keywords=9780912800905


“Talk sense to a fool and he calls you foolish.” - Euripides
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peter fraser
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Loki
21 Jun 2015, 09:24 PM
ComSee and ComBiz are all .NET based. But I don't think Mr Frum is building retail systems. His work probably has more to do with Greek letters and IB than the increasingly irrelevant retail side.

No I was talking about the platforms used by banks. John will know I'm sure.

Quote:
 
What clients? If you have funds on deposit you are a creditor of the bank. If you have a mortgage you are a counterparty. Maybe you are talking about structured credit?
I found a book you might enjoy:


Your are a clever guy, and one day you just might be half as clever as you think you are.
Any expressed market opinion is my own and is not to be taken as financial advice
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Yes
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Don
20 Jun 2015, 11:46 PM
Sydney is affordable to the 5 million people who live in Sydney. Otherwise how could they afford to live there. Its the same for all global cities.
+1

Amazing how many people say sydney is unaffordable while conveniently forgetting about the millions of people who afford to live there.

So who is it unaffordable for? Poor people? Yeah well so is everywhere!
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Loki
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peter fraser
21 Jun 2015, 09:30 PM
No I was talking about the platforms used by banks. John will know I'm sure.
Oh right, it's a secret. Say no more ....
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You're a clever guy, and one day you just might be half as clever as you think you are.

God I hope not. Being that clever in this country is a recipe for financial ruin. I hope one day I will be half as clever as I am today, then I can become a property investor.


“Talk sense to a fool and he calls you foolish.” - Euripides
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peter fraser
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Loki
21 Jun 2015, 10:58 PM
Oh right, it's a secret. Say no more ....


No it's not a secret, it's the banks DOS based operating platforms. Many need upgrading, but that means high risk.
Quote:
 
God I hope not. Being that clever in this country is a recipe for financial ruin. I hope one day I will be half as clever as I am today, then I can become a property investor.

Oh I doubt that you will have anything to fear from becoming clever.
Any expressed market opinion is my own and is not to be taken as financial advice
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Ex BP Golly
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Yes
21 Jun 2015, 10:46 PM
+1

Amazing how many people say sydney is unaffordable while conveniently forgetting about the millions of people who afford to live there.

So who is it unaffordable for? Poor people? Yeah well so is everywhere!
Lol.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Loki
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peter fraser
21 Jun 2015, 11:27 PM
No it's not a secret, it's the banks DOS based operating platforms. Many need upgrading, but that means high risk.


You mean like CBA's billion dollar core systems upgrade? Or were you referring to platforms used in IB like Murex? Hard to tell from your vague 'operating platforms' reference.
Quote:
 
Oh I doubt that you will have anything to fear from becoming clever.

Ahhh, burn sauce. I guess I will never be as clever as you, and that's something I will just have to live with.


“Talk sense to a fool and he calls you foolish.” - Euripides
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