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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 (5,524 Views)
Shadow
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Evil Mouzealot Specufestor

Rastus2
15 Oct 2015, 12:38 AM
Especially if I have not broken any laws in the first place
Have you never broken a law?
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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newjez
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Shadow
15 Oct 2015, 07:11 AM
Have you never broken a law?
I was done for attempted urination in public once.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Shadow
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Evil Mouzealot Specufestor

newjez
15 Oct 2015, 07:50 AM
I was done for attempted urination in public once.
I've broken all of these at least once...

Speeding, jaywalking, parking without a ticket, using phone while driving, not having at least one hand on the wheel, driving through an orange light when you had time to stop, tooting the horn other than as a warning, resting your elbow on the car window ledge, forgetting to dip your headlights, downloading a song/movie without paying.

I could be going away for a long time!
Edited by Shadow, 15 Oct 2015, 08:01 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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Ex BP Golly
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Shadow
15 Oct 2015, 08:00 AM
I've broken all of these at least once...

Speeding, jaywalking, parking without a ticket, using phone while driving, not having at least one hand on the wheel, driving through an orange light when you had time to stop, tooting the horn other than as a warning, resting your elbow on the car window ledge, forgetting to dip your headlights, downloading a song/movie without paying.

I could be going away for a long time!
Did you keep your Home Loans Made Easy Folder?

Westpac says it really enhances the lending experience.

Did you frame yours?

Framing it might make getting to the official looking "You and your home loan" part of the Contract a bit harder I suspect.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rastus2
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Shadow
15 Oct 2015, 08:00 AM
I've broken all of these at least once...

Speeding, jaywalking, parking without a ticket, using phone while driving, not having at least one hand on the wheel, driving through an orange light when you had time to stop, tooting the horn other than as a warning, resting your elbow on the car window ledge, forgetting to dip your headlights, downloading a song/movie without paying.

I could be going away for a long time!
Really ?


Which ones of those are serious enough that they could be a trigger for a bank to start applying pressure to some of your 9 home loans and have you prosecuted with a criminal record that makes other lenders not want to go anywhere near 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
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Evil Mouzealot Specufestor

Rastus2
15 Oct 2015, 08:41 AM
Really ?
Yes, I've been a very bad boy. I hope they let us be cellmates. You don't snore do you?
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
15 Oct 2015, 10:12 AM
Yes, I've been a very bad boy. I hope they let us be cellmates. You don't snore do you?
Don't fret, I won't be anywhere near a prison... unlike yourself, I am not a self confessed criminal who is foolish enough to boast of my amazing lying skills on a public forum.

So how did that discussion (confession) go with the bank ? Got a transcript or are they going to wait for the police to take a statement before they give you a copy ?


Interesting story... my mate, who worked at Minters and did mostly Insurance claims was telling me.

Many of the claims that they would have had to go through a process of testing prior to being considered for approval... basically, they would conduct some simple checks to ensure that your side of the contract was 100% fulfilled... not 99%... 100%.. if it was anything less, they would put you in a special pile.

That pile would be put through the grinder... let stew, delayed, and questioned over and over again until they could get confirmation that the 'irregularities' were not only documented, but confirmed... then, you were screwed to the wall if/when it went to court.


The interesting thing was that they especially made zero effort to check any of those facts when you signed up... the department for that was especially not given the ability to check your information... if you decided to tell them a little white lie (eg. that your house had window locks, or that you park your car in a garage at night, or that you use your mortgaged property for personal use, they would simply accept it as 100% proof.. you were allowed to mislead the company all you liked (within reason) with the understanding that you were putting your head in a noose for a later date.

The number of people who paid their insurance every month for years, only to be declined when they finally made a claim based on having 'misled' the company (even unintentionally) made it worth setting up that way... after all, they get all of the premiums, and none of the risk.. it's all cream :re:


Now when some people 'trick' their banks by lying to them, they might think they have 'won'... in actual fact, they have forever setup the trigger that the bank can search for at any later date... even if you phone up the bank 12 months later and pretend you have now starte d using the property for non personal use... you have defrauded the bank for that period... you have not so much screwed the bank, as yourself...

Sleep well shadow... tick... tock...
Edited by Rastus2, 15 Oct 2015, 03:54 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
15 Oct 2015, 03:46 PM
I am not a self confessed criminal
It's good that you haven't confessed yet.
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
15 Oct 2015, 03:54 PM
It's good that you haven't confessed yet.

I added a bit more in my last post for you... even a nice bedtime story. (Non-Fiction).
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
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Rastus2
15 Oct 2015, 03:55 PM
I added a bit more in my last post for you... even a nice bedtime story. (Non-Fiction).
Cool story. :tu:
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.
Profile "REPLY WITH QUOTE" Go to top
 
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