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Sydney property owners making $200,000 a year for 'doing nothing'; Bringing home the bacon
Topic Started: 3 Sep 2016, 05:24 AM (19,116 Views)
Jon Snow
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herbie
10 Sep 2016, 09:44 PM
Just personally, I'd guess me ole mate Skamy's IQ is 120 plus? (Hmmm - Hi'ish 120s ta lo'ish 130s even?)

'Though doubt it's 140 or over just so's all youse highly sensitive Mensa type dudes out there don't gotta start feelin' threatened ... LOL
IQ is like GDP. Fairly pointless measurement, but people seem to place great stock in it.

I would put Skamy's IQ at about 105 to 110.

And most heuristics used by the common man are fallacious, including the law of averages, which is the fallacious application of the law of large numbers to sample sizes that are too small to be statistically meaningful.

But you know that already.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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zaph
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Rufus
10 Sep 2016, 10:00 PM
Pigs are currency. I once went to a sing sing outside Port Moresby where the family of the bride paid the grooms family several large pigs to take the bride off their hands. Can't remember what the bride looked like, but the pigs were impressive.

Now that was a party.
Did they bury the food? A Mumu(PNG), or Hangi(NZ) makes for a tasty meal. Add some root vegetables, green bananas and greens in coconut and you have a feast.

You got it back to front; the bride's family receives the 'bride price', they don't pay it.

Pigs and other livestock are certainly currency. Pigs seem particularly important and valuable. A working beast like an ox is also prized, but doesn't seem to feature as bride price.
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Bardon
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It is of course the Year Of The Pig in the Chinese Zodiac, an auspicious year for the pigs amongst us.

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Generally, 2016 is a lucky year for people with Pig sign. Most of them will have acute insight and long-term goals. They will spend much time to think deeply and make plans. Their fortune in career and love relationship will be stable. They may expand career fields so long as they can catch the chance in time. However, they need to remember that actions are always more important than thoughts.
Edited by Bardon, 11 Sep 2016, 07:31 AM.
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herbie
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zaph
11 Sep 2016, 01:28 AM
Did they bury the food? A Mumu(PNG), or Hangi(NZ) makes for a tasty meal. Add some root vegetables, green bananas and greens in coconut and you have a feast.

You got it back to front; the bride's family receives the 'bride price', they don't pay it.

Pigs and other livestock are certainly currency. Pigs seem particularly important and valuable. A working beast like an ox is also prized, but doesn't seem to feature as bride price.
Did a kup murri many years ago wif some TI boys out in Woodridge - Personally suspect tha tucker tasted like shit?

But it was all about tha experience - Start off tha day wif a grog; Have another grog while getting some shovels; Dig a hole while havin' a few more grogs; Get some rocks 'n have some more grogs ... etc ... All tha way thru ta tha dances in tha evening after which tha tucker got et ... By which time everyone was just genuinely most cheerful 'n couldn't really care less wot tha food tasted like - 'N wouldn't really remember tha next day anyway - Except ta say "Damn, that was good!" 'n "We gotta do it all agin sometime soon!"
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Bardon
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Up here at Palacio Bardonici my pork belly done on a webber is legendary.

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skamy
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Simon_S
10 Sep 2016, 11:44 AM
Skammy WHY did the Central Banks need to Bail out the Banks During the GFC?
Are you seriously asking me why banks give money to each other?
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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herbie
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Jon Snow
11 Sep 2016, 12:12 AM
IQ is like GDP. Fairly pointless measurement, but people seem to place great stock in it.

I would put Skamy's IQ at about 105 to 110.

And most heuristics used by the common man are fallacious, including the law of averages, which is the fallacious application of the law of large numbers to sample sizes that are too small to be statistically meaningful.

But you know that already.
Nah, she's an old chook - So got thru uni when tha average IQ of uni graduates was maybe 120. (Hey, ya 'average' thicko just didn't go ta uni back in those days - 'N sheilas in particular even maybe; Well, unless it was ta do primary school teachin' or some such?)

'N if there was a bit of Maths in her degree (which it would seem there was), her IQ is most likely over 120 than under it ... Well, that remains my punt anyway - Laws of averages aside ... :)
Edited by herbie, 11 Sep 2016, 09:02 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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skamy
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Jimbo
10 Sep 2016, 11:45 AM
You mean like "listen, Perth has 2% vacancy rates, 20% house price growth, landlords charging whatever they want. If you borrow $1,000,000 you can come to the party and retire with more money than you could ever spend".

Too late Skammy. You turned up way too late.

Joining a forum and talking about "rich cities" and "since Roman times" won't change the fact that you joined this Ponzi too late.

Too late Skammy.

Way too late.
Too late to buy property ???? What a ridiculous thing to say - it is almost always good to buy property even people who boght in the peak in 2003 in Sydney are happy little vegemites now.

It is the daft eejits waiting on price drop that end up being far too late - you have missed the best buying in Perth now it is your call as to how much you fall behind your last home, I think you would struggle even today to buy it back at the same price. Plus think of all that wasted rent money.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Bardon
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skamy
11 Sep 2016, 08:34 AM
Too late to buy property ???? What a ridiculous thing to say - it is almost always good to buy property even people who boght in the peak in 2003 in Sydney are happy little vegemites now.
We have all heard the conversation before.

Last week in Sydney talking to a colleague about another colleague and he says "so and so got into his property at the right time". All this means is that anytime is a good time and when others talks about you with some hindsight they will say that "you got into the market at the right time" in a kind of you were very wise to do this back then kind of way.

Edited by Bardon, 11 Sep 2016, 08:45 AM.
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Simon_S
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skamy
11 Sep 2016, 08:23 AM
Are you seriously asking me why banks give money to each other?
No I'm seriously asking why FINANCIAL INSTITUTIONS needed to be BAILED OUT during the GFC.......

Emergency Economic Stabilization Act of 2008

The Emergency Economic Stabilization Act of 2008 commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks. The funds for purchase of distressed assets were mostly redirected to inject capital into banks and other financial institutions while the Treasury continued to examine the usefulness of targeted asset purchases.[1][2] Both foreign and domestic banks are included in the program. The Act was proposed by Treasury Secretary Henry Paulson during the global financial crisis of 2008 and signed into law by President George W. Bush on October 3, 2008.

Or are you saying that that never happened?
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