Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
So Jimbo took a photo of the net proceeds of his house sale before he invested it. It rose a bit however he now hands it back to his landlord in weekly instalments. He is only 2 years away from being in a worse position than when he sold his house.
My only hope for my three boys is that they turn out nothing at all like Chris.
Hey mattie, in a better mood today are we? That fat smelly wife of yours let you have your monthly service between her tree trunks did she?
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Prime examples of new business models can be seen in the sharing economy: Uber, P2P lending, and Air BnB come to mind.
Agreed. I would also add Jimbo's examples of economic entropy like yelp, tripadvisor, aggregators like shopbot and manufacturer direct sales like ebay, alibaba etc.
“Talk sense to a fool and he calls you foolish.” - Euripides
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Not sure where you're going with this - agree with you on the productivity side of things, but are you suggesting corporations have a sovereignty of their own, and will eventually assume responsibilities currently carried by the state (like infrastructure and health care)
Yes, corporations are developing their own sovereignty, however it is not nationalist, but trans-nationalist. Corporations already build infrastructure for their own use in the developing world. Health care is harder to say. Some corporations employ full time medical practitioners to take care of expat staff in third world countries they operate in, but it is far from universal. There is a competitive global market for skilled and experienced staff. Muscle labour is abundant everywhere and requires no special incentives to hire. The mostly likely outcome is a form of corporatism where the top staff are looked after by the best possible physicians, personal trainers, dieticians, chefs, and the rest of the population get to lump it. Any social unrest that comes about as a result of this will be dealt with by an increasingly militarised and surveillance capable state and corporatocracy.
Quote:
, and if so do you think this is a good or bad thing?
I think it is an inevitable thing. Good or bad is a perspective. For some it will be very good, for many, very bad. For the other organisms on the planet going extinct at ten times the rate of a century ago, it will probably be very bad, unless it results in the human population shrinking (unlikely).
Quote:
Do you agree with economists like Piketty who think there should be a global tax on capital to avoid this shuffling of money from country to country to avoid paying taxes?
I think Piketty's idea is naive. There isn't even global governance to enforce such as tax, and creating such a governing body would require a global military dictatorship. That's the problem with tax ideas from socialists, they omit the fact that taxes are collected by force, and that those who are most motivated to avoid such taxes are very good at creating conflict, social unrest and other distractions to thwart the efforts of the tax collectors.
Quote:
When I see the popularity of people like wildcard candidate for leader of the UK Labour party Jeremy Corbyn, it almost feels like there's a popular revolt brewing against what people percieve as being sold short by 15 years of "New Labour" cosying up to big business.
I really don't think it will make a lick of difference. The surveillance and military capabilities of the government are now orders of magnitude greater than the populace, and their techniques of psychological manipulation are the best they have been in human history. Most of the chickens are easy to frighten by cutting the head of a few monkeys. Terrify the populace with an external boogeyman, then dissolve democratic institutions piece by piece in the cause of fighting said boogeyman. Any individual, no matter how populist, is easy to compromise. They all have skeletons and weaknesses.
Agreed. I would also add Jimbo's examples of economic entropy like yelp, tripadvisor, aggregators like shopbot and manufacturer direct sales like ebay, alibaba etc.
Tripadvisor is brilliant. It is not just a money saving tool. It raises the game of competing hotels. You end up getting more for less.
Information is the great deflator.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy