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The Threat Coming by Land: Landlords are eating the world; There is growing concern that wealth inequality has skyrocketed
Topic Started: 11 Sep 2015, 03:44 PM (3,717 Views)
Blondie girl
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Wise investors will aim to exploit the current low IR.
Rather than focus on the borrowings and inflation, the acquisition of properties is about what's going to provide a most reliable source of income.

Something, as a professional renter, you don't get.
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.
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Trollie
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Loki
12 Sep 2015, 02:18 PM
Jesus H Christo, just when I think you cannot say anything dumber.

What has been happening to government and private debt since the 90s genius?

What was the fastest growing industry since the 90s? Could it be construction work? Driven by debt fueled real estate bubbles?
So first you claim robots will steal our jobs, now when you can't prove that it's suddenly all about debt?

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Loki
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Trollie
12 Sep 2015, 08:28 PM
So first you claim robots will steal our jobs, now when you can't prove that it's suddenly all about debt?
Read the post you replied to you interminable fuckwit.



“Talk sense to a fool and he calls you foolish.” - Euripides
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The Whole Truth
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Trollie
12 Sep 2015, 12:21 PM
Loki
12 Sep 2015, 12:18 AM
Robots get cheaper (cost of capital declines) and they can replace, or more accurately displace, more humans from employment.
If this rubbish were true unemployment would have risen steadly since the early 90's.

It has not, and remains low.
You're an idiot timmy. The unemployment is hidden in carers allowances, sole parent payments, austudy loafers and 900, 000 disability support payments a large proportion of which are people that just don't want to work. There are other special categories but we all know the truth of it and how many people can only get part time bitz of work.

You're an idiot.
"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
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John Frum
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herbie
12 Sep 2015, 12:07 AM
Yes, it's all a bit strange.

In the old days when money actually had a somewhat significant cost associated with it, I would have been more motivated getting renos done I reckon - But nowadays it's almost become a matter of dawdle along happily because money's cheap - So who the eff cares.

Hardly 'productivity enhancing' I'd of thought? - But it is what it is/what the central bankers of the world have run with in their collective wisdom; With which who am I to argue as a numptie know nothing? ... :)

So on the one hand you throw your hands up and say "well yep, its not fair that land's become more expensive, but it's all the fault of those nasty central bankers", and yet whenever someone mentions evening up the playing field via the introduction of a Georgist style land tax you bare your teeth and start effing and blinding about socialist scum.

You're a hypocrote Herbie. A nasty rent-seeking piece of filth, that hides behind the veneer of a hardworking everyman who built his prosperity by saving pennies in a jar.
"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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Ex BP Golly
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Trollie
12 Sep 2015, 08:28 PM
So first you claim robots will steal our jobs, now when you can't prove that it's suddenly all about debt?
Your algorithm has become corrupted. Time to get a replacement head.
Edited by Ex BP Golly, 13 Sep 2015, 10:01 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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herbie
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John Frum
13 Sep 2015, 09:48 AM

So on the one hand you throw your hands up and say "well yep, its not fair that land's become more expensive, but it's all the fault of those nasty central bankers", and yet whenever someone mentions evening up the playing field via the introduction of a Georgist style land tax you bare your teeth and start effing and blinding about socialist scum.

You're a hypocrote Herbie. A nasty rent-seeking piece of filth, that hides behind the veneer of a hardworking everyman who built his prosperity by saving pennies in a jar.
Level the playing field all you want John - With Henry George's beloved land tax if you want; 'Cause I'll back me and mine to outcompete you and yours regardless ... LOL

Hmmm ... Was talking with a Gen X family member last night - Quite respectable home - Fully paid off; But a bit of a slow starter - With only one IP. Though positively geared now to the point where it'll just sit there and the rent will pay it off over the next decade or so. So looking at their next IP. Having discussed borrowing the 20% deposit off me (at mates rates - :) ) to avoid mortgage insurance. Nah; Decided against it they reckon. Just knuckle down again now for a while and go in to bat again with another nice big deposit of their own like last time. Worked then. And comfortable with that. Good decision I felt?
Edited by herbie, 13 Sep 2015, 10:39 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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zaph
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The Whole Truth
13 Sep 2015, 09:08 AM
You're an idiot timmy. The unemployment is hidden in carers allowances, sole parent payments, austudy loafers and 900, 000 disability support payments a large proportion of which are people that just don't want to work. There are other special categories but we all know the truth of it and how many people can only get part time bitz of work.

You're an idiot.
The ABS unemployment calculation has nothing to do with centrelink benefits - dole, DSP, sole parent payments, whatever.

Rather than saying UE is hidden you should be saying the ABS figures are manipulated and crap.
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herbie
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John Frum
13 Sep 2015, 09:48 AM

So on the one hand you throw your hands up and say "well yep, its not fair that land's become more expensive, but it's all the fault of those nasty central bankers", and yet whenever someone mentions evening up the playing field via the introduction of a Georgist style land tax you bare your teeth and start effing and blinding about socialist scum.

You're a hypocrote Herbie. A nasty rent-seeking piece of filth, that hides behind the veneer of a hardworking everyman who built his prosperity by saving pennies in a jar.
You've got me thinking now Frummy - Gen Y family member who is a good little saver:

Part way through an apprenticeship. Will finish in 2018. Has $33K saved. (Some of it being cash gifts from family over the years of course. Plus been doing part time work while at school since she was 14 - And whacking the loot in the bank. Which is one of the things us savers do of course.) And even has a bit of shiny shit she was given as gifts over the years by family members.

Not sure how much she'll have saved by 2018? But at least $50K would be my very rough guess?? More like $60K even???

Now up this way, I reckon there's a reasonable chance the numptie builders will overbuild apartments by 2018? So yep, she could be into some sort of half respectable one bedroom joint for $300K in 2018 if a bit of an inner city apartment oversupply eventuates. Probably not in the city itself. But probably not too far out.

Wants to go OS for a few years at least anyway - Broaden her horizons generally I'd hope; Enhance her work skills with OS experience etc blah, blah, blah.

Paying off a maybe $240K loan could be a bit of a stretch? But not so much if she is OS and has it rented out?

But anyway, us old boomers and Gen X's in our mob aren't in bad shape ourselves. And will just make sure she doesn't come to grief either which way. I'll push some income her way out of a family trust even if necessary - Like why wouldn't I? Given her tax rate will be low, it's just a very sensible direction to send the loot. Given she's definitely not a wee it up against the wall type.

Yep, I reckon there's a damn good chance that little girl just could be starting to get fairly well established by the time she's 25.

But only time will really tell of course.

Edited by herbie, 13 Sep 2015, 12:38 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Loki
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herbie
13 Sep 2015, 10:11 AM
'Cause I'll back me and mine to outcompete you and yours regardless ... LOL
I'm pretty sure we can build a robot to replace whatever it is you an' yours do.

Unless you an' yours are in the robotics business?


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