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Fastest home loan growth in 12 years as banks target upgraders: Owner-occupied lending up 6.1%; ABS 5609.0 - Housing Finance, Australia, August 2015
Topic Started: 9 Oct 2015, 02:26 PM (5,527 Views)
Shadow
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Evil Mouzealot Specufestor

Ex BP Golly
13 Oct 2015, 10:07 AM
Our national standards have slipped over the decades.
Once was a time you'd put the garbage out.

Not today.
We stick it up on a soapbox and oooh and aaah admiringly as it wanks for the crowd.
Does it bother you that home-owners and investors are only paying around 4% interest rates while making a fortune from rising house prices and rising rents?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Poontang
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peter fraser
13 Oct 2015, 07:49 AM
it's simply not a factor.

Shadow
13 Oct 2015, 08:45 AM
Nothing to do with the ATO or deductions.
Thanks for clarifying.
Edited by Poontang, 13 Oct 2015, 03:40 PM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Rastus2
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Shadow
12 Oct 2015, 11:34 AM
I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate.

They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)


So shadow,

Are you aware that you are in breach of your contract and, quite likely, boasting about a crime on this forum ?

Perhaps you can tell the judge that you did not understand the contract :lol

Looks like the person voted most likely to have their home repossesed by a bank on this forum is yourself.

FRAUD, TO DEFRAUD
The term 'fraud' is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. [Fraud may also include an omission or intentional failure to state material facts, knowledge of which would be necessary to make other statements not misleading.]


Edited by Rastus2, 13 Oct 2015, 10:26 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Shadow
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Evil Mouzealot Specufestor

Rastus2
13 Oct 2015, 10:25 PM
So shadow,

Are you aware that you are in breach of your contract and, quite likely, boasting about a crime on this forum ?
I hope they let me log in to APF from prison.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Rastus2
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Shadow
13 Oct 2015, 10:30 PM
I hope they let me log in to APF from prison.

It's very healthy that you can joke about it, however it demonstrates how little regard you have for honesty and the law.

Please explain why you think it's ok for you to lie to your bank but not ok for them to lie to you ?
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Shadow
Member Avatar
Evil Mouzealot Specufestor

Rastus2
13 Oct 2015, 10:33 PM

It's very healthy that you can joke about it, however it demonstrates how little regard you have for honesty and the law.

Please explain why you think it's ok for you to lie to your bank but not ok for them to lie to you ?
The bank did lie to me - they've been incorrectly classifying my loans for years!

Fortunately I've corrected most of their errors now.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Rastus2
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Shadow
13 Oct 2015, 10:34 PM
The bank did lie to me - they've been incorrectly classifying my loans for years!

Fortunately I've corrected most of their errors now.

The bank did it in error, that is not a lie, it's quite likely they did it based on (incorrect or out of date) information from you, they also made a genuine effort to correct their records. If they had actually lied, you would be entitled to take them to court. Naturally, you will not do that because :

1 - They did not lie to you
2 - You know it would expose your fraudulent act by doing so.


You have admitted you told them only what financially benefited yourself while selectivly choosing to omit other material facts.

Explain why that is morally and legally ok for you please.
Edited by Rastus2, 13 Oct 2015, 11:49 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Shadow
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Evil Mouzealot Specufestor

Rastus2
13 Oct 2015, 10:39 PM
Explain why that is morally and legally ok for you please.
Legality is irrelevant - there's no law governing this situation. Morality is a matter of opinion really. Everyone has different moral standards.

For example, when you break the speed limit, do you consider your actions immoral, or just illegal? How about when you jaywalk?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Rastus2
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Shadow
14 Oct 2015, 12:23 AM
Legality is irrelevant - there's no law governing this situation. Morality is a matter of opinion really. Everyone has different moral standards.

Quote:
 

Legality is irrelevant - there's no law governing this situation


Is that you expert legal opinion ?

So what you are now claiming is that if you lie to your bank as you did (mislead by omission) then it's just a moral problem... not a legal one. You implied this previously on another thread however I am amazed that you would really believe it.

Well this is certainly an interesting claim... I assume you consider regulated loans to somehow protect you should you breach that basic contract requirement to not decieve the bank. Somehow Regulated loans give super-powers to the borrower that trumps the basic requirements of a contract to not decieve.

From what you are saying, your moral standards are low enough to allow you to lie... well at least your honest about that... I wonder why anyone should believe anything you post here then ?


btw.. as I explained earlier, If I lie to a police officer, I do not have to fool him/her to be charged with misleading information.. the act of intentionally attmpting to misleadi is enough... what makes you think it's legally ok to lie to your bank ? Got a clause that says so ?

Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Shadow
Member Avatar
Evil Mouzealot Specufestor

Rastus2
14 Oct 2015, 01:24 AM
lie to your bank as you did (mislead by omission)

your moral standards are low enough to allow you to lie

If I lie to a police officer, I do not have to fool him/her to be charged with misleading information
When you're charged with lying to police (mislead by omission - not informing them when you jaywalk or speed), perhaps we'll share a prison cell and can debate the morality of our crimes.

I wonder whose crimes put most lives at risk - an interesting moral question!
Edited by Shadow, 14 Oct 2015, 07:19 AM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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