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Rising bond yields threaten sharemarket's safest stocks
Topic Started: 19 Nov 2016, 09:07 PM (7,437 Views)
Jon Snow
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Jimbo
27 Nov 2016, 09:18 PM
Once an alternative is found (it will be, of that I have no doubt), a lot of the worlds problems will be solved. Many will be lifted out of poverty, our options in life will grow.

Slaving away to give half of your income to someone who happened to buy a centrally located house 20 years ago will no longer be required.


Yes, in the shorter term, I agree. I believe that cheap energy and autonomous aerial vehicles will drive the next evolution of transport, in the next phase of human settlement, which will be decentralisation. That combined with high speed holographic/life like communication technologies (currently in development in Florida,US) will see the middle class leave the cities.

In the longer term however, the birth rate will most likely grow with the new prosperity.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Trollie
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Jimbo
27 Nov 2016, 09:18 PM

Slaving away to give half of your income to someone who happened to buy a centrally located house 20 years ago will no longer be required.


You clowns are forgetting the single most valuable thing in the universe is time. That's what being centrally located gives you. Unless you want to talk teleportation of people, there's no mass decentralisation coming. It's certainly not happening in jimbo's life time.

Instead of blowing your loads over imaginary technology you should be putting in a few extra hours to pay that rent next week :bye:
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Matthew
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Jimbo
27 Nov 2016, 07:38 PM
I saw that Perth property and the AUD were not the places to have my money. I was proven correct and I have profited from it handsomely.


Nonsense. Perth Property that you live in unencumbered is only not the place to have your money if you are not living in Perth.

You speculated a short term plunge would deliver you a "free upgrade" in housing. It didn't come. 28 months later and the rent you have paid has eroded every cent of price fall and exit cost you have paid, let alone stamp duty to buy back in.

You could have made the same US$ investments without selling your family home if you were smart.

You then took a wedge of that handsome profit and turned it into an equally handsome loss speculating on another currency play that you smugly claimed was like taking candy from a baby because obvious trades are all you do.

Every passing day just shows how "not smart" you truly are. In net terms you are poorer for your speculation. And a hypocrite to boot.

Quote:
 
The mention of solar PV was in response to dollies claim that free energy technology didn't exist. It clearly does exist. It will also improve greatly (as all technology does) until something better comes along.

https://www.theguardian.com/environment/2016/oct/17/mit-nuclear-fusion-record-marks-latest-step-towards-unlimited-clean-energy

With so many organisations carrying out research into fusion, can you honestly believe that this problem will not be cracked in the not too distant future?


Once it is "cracked" the technology needs to be developed, tested, manufactured for mass consumption, consumer accepted and installed globally.

The "not to distant future" may be 50 years away. One thing is for certain you and I and probably every other poster or reader of this forum will never live to see its benefits.
Trollie
28 Nov 2016, 09:08 AM
You clowns are forgetting the single most valuable thing in the universe is time. That's what being centrally located gives you. Unless you want to talk teleportation of people, there's no mass decentralisation coming. It's certainly not happening in jimbo's life time.

Instead of blowing your loads over imaginary technology you should be putting in a few extra hours to pay that rent next week :bye:
The biggest issue with decentralisation is that you need to have infrastructure in the towns ahead of the people arriving.

Some lovely towns like Broome, Geraldton, Albany, Esperance, Exmouth in the west are not equipped to deal with a mass influx of population. They don't have schooling, housing, healthcare, recreation facilities, road at a minimum to cope let alone cultural and lifestyle attractors

A decentralisation of population does not decrease costs of housing, it increases costs of housing in those towns.

This is just another example of Dimshit not thinking a fart bubble through to the end and not being smart enough to see the shortfalls of his "argument"
Edited by Matthew, 28 Nov 2016, 11:17 AM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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Matthew
28 Nov 2016, 10:23 AM


Some lovely towns like Broome, Geraldton, Albany, Esperance, Exmouth in the west are not equipped to deal with a mass influx of population. They don't have schooling, housing, healthcare, recreation facilities, road at a minimum to cope let alone cultural and lifestyle attractors

A decentralisation of population does not decrease costs of housing, it increases costs of housing in those towns.

This is just another example of Dimshit not thinking a fart bubble through to the end and not being smart enough to see the shortfalls of his "argument"
It would mean property prices in those areas would boom and John would be in tears when his cheap house dream exploded in his face.
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Jimbo
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Matthew
28 Nov 2016, 10:23 AM
You speculated a short term plunge would deliver you a "free upgrade" in housing.
Link?

Quote:
 
Once it is "cracked" the technology needs to be developed, tested, manufactured for mass consumption, consumer accepted and installed globally.


Did this happen with mobile phone or computing technology? Did we jump from the analogue landline to the 4G mobile in one step? You probably bought a desktop back in the late 90's with a 30gb HDD and a Pentuim II processor and dial up modem. Probably paid quite a bit for it as well. Now, a cheap mobile can access the internet, download movies, facetime with people on the other side of the planet, store your entire music library.

I am a keen follower of tech, but back in 1999, I wouldn't have thought we would be all carrying an all in one still/video camera, music player, GPS navigation touchscreen computer in our top pockets. Shit matey, back in 1999, I used to go to the bank at least once a week. Now, I don't remember what my bank looks like, it has been so long since I set foot in the place.

So what will we have 15 years from now?

Things you can't even begin to imagine today Matey.
Edited by Jimbo, 29 Nov 2016, 05:44 AM.
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.
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Jimbo
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Matthew
28 Nov 2016, 10:23 AM
You could have made the same US$ investments without selling your family home if you were smart.
True, I could have followed your horse race betting strategy.

But unlike you, I couldn't find a fantasy currency dealer willing to offer me can't lose odds.

I had to make my bets in the real world with real money.

Que sera..

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.
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Matthew
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Jimbo
29 Nov 2016, 05:43 AM
Link?
Been provided before, you are still pretending not to be the world famous Jim of Perth now despite hime having exactly the same back story as you.

Priceless.
Jimbo
29 Nov 2016, 07:38 AM
True
I know it is true Dimshit. Everyone knows it is true.

Between your first post and December 2015 you were a beacon of hope for the bearshit idiots out there.

Now you are just another dirty tissue on the ground.

But you never wrong are you Dim.

That is how instead of turning A$100,000 into A$115,000 minimum as you promised, you have turned it into A$76,000 and falling.

But according to you, you wont ever lose a cent. Because the Construction Engineer never, ever admits he got it wrong. Ever.
Edited by Matthew, 29 Nov 2016, 01:51 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Jimbo
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Matthew
29 Nov 2016, 10:21 AM
I know it is true Dimshit. Everyone knows it is true.
Who is "everyone" matey?

Is is the sum of all of the people who inhabit your crazy warped mind?

The invented characters who cheerlead your posts on your insane blog?

Take a swim matey.

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.
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Matthew
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Jimbo
29 Nov 2016, 04:17 PM
Who is "everyone" matey?
Dimshit anyone with half a brain (so we can exclude you from the pool) can see that in the absence of the price crash that you expected you are now worse off Financially than had you kept your house, taken out an equity loan and made the exact same trades at the exact same time selling out at the exact same time paying off the equity loan and banking the profit.

Rent has eroded the difference in opportunities.

Rent continues to worsen your position weekly in the absence of a house price crash.

You had a window where you could have been a god to the bears. Now it is obvious you are just another Flog.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Matthew
29 Nov 2016, 04:41 PM
Dimshit anyone with half a brain (so we can exclude you from the pool) can see that in the absence of the price crash that you expected you are now worse off Financially than had you kept your house, taken out an equity loan and made the exact same trades at the exact same time selling out at the exact same time paying off the equity loan and banking the profit.

Rent has eroded the difference in opportunities.

Rent continues to worsen your position weekly in the absence of a house price crash.

You had a window where you could have been a god to the bears. Now it is obvious you are just another Flog.
Half a brain??

Mathew if and i say that loosely if you had half a brain you would not peddle the stuff you peddle.


Mathew, for you...

oday, 5:01 PM Post #4366
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Perth has record decline

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Ok,

One more time.

http://www.realestate.com.au/property-apartment-wa-mount+lawley-123297450

And i would live in this property, it is well positioned and in a good area, in my opinion.

$367,500 is the price it fetched in 2009

Now

Price Reduced... Be here first! Townhouse at Unit price in the Avenues!


Now from $359,000.

So back to the call 40% decline from peak to trough in "real" terms.

So lets be analytical of this property.

And again i say it is a very nice property and if I was not fully invested i would consider it. As in my world it is truly in the 40% off in real terms, let me explain.

We will very carefully list the costs of owning this property over the last 7 years.

1) Strata fees, water rates and council rates, insurance. Council Rates: $1,470, Water Rates: $1,090, Strata Levies: $400 P/Q Insurance???

So $4,600 p.a. for a total of $32,200.

2) Settlement fees. $16,239.10
Running total: $48,439.10

http://stampduty.calculatorsaustralia.com.au/stamp-duty-wa

3) Repairs maintenance and improvements of say $5,000 per year?? Total $35,000
Running total $83,439.10

4) agents commission at list price plus settlement agents costs... $12,000??
http://whichrealestateagent.com.au/real-estate-agent-fees-wa/
running total $95,439.10

5) Cost of capital at say 5% $20,000 p.a. $140,000
running total $235,439.10

So then we take the decline in the Australian dollar over that time... -18% $80,000??
running total $325,439.10

http://www.tradingeconomics.com/australia/currency

So what kind of investment is this over that time??

And again i think it is a fine property. To live in absoulutly, but please we must look at the cost of holding, aquiring and disposing.


Peter
Edited by Foxy, 29 Nov 2016, 06:07 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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