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Just think if we didn't have tha internet; Would'a dudes like Chris 'n Frummy trashed their finances bettin' against house price rises in Melbourne 'n Sydney?
Topic Started: 6 Jan 2017, 01:54 PM (1,396 Views)
herbie
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Or would'a common sense 'n pain prevailed - Within a coupla yrs?

Maybe; Maybe not ... But food for thought anyway eh?
Edited by herbie, 6 Jan 2017, 02:19 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Sydneyite
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I've often thought about this - the internet does a hell of a lot of "good", but it does have some negative consequences as well - your point being one example.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Trollie
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I don't think it would make any difference. It gives them a soap box and a bigger serving of confirmation bias, but these types of morons go searching for it.

The internet is just a new medium for stupid, it didn't invent it.
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Bardon
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Some folk are just born losers.
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Sydneyite
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A somewhat pertinent article: "Four main reasons for Gen Y’s unhappiness" http://www.news.com.au/lifestyle/real-life/news-life/four-main-reasons-for-gen-ys-unhappiness/news-story/360b4eff77c4f0e4d54a0ca65d73d72f

Focused on GenY, and blames upbringing and social media, rather than the internet as a whole. But some home truths in there I think.

For Aussie property bears, "denial", is not just a long river in North Africa.....
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Trollie
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Bardon
6 Jan 2017, 04:39 PM
Some folk are just born losers.
Most are self made losers, they win the lottery of life being born or getting to move here and proceed to screw it up anyway.
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Rastus2
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Trollie
6 Jan 2017, 06:31 PM
Most are self made losers, they win the lottery of life being born or getting to move here and proceed to screw it up anyway.
Winning the lottery of life is just one phase... winning it in the right country, with the right (caring) parents, with a silver spoon and/or with a bit of luck when it comes to mistakes not costing you anything more than disappointment are all lotteries that some people are not as lucky as you or I in.

Mocking those who don't win as many as you makes you as much a loser and also a tosser .
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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b_b
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herbie
6 Jan 2017, 01:54 PM
Or would'a common sense 'n pain prevailed - Within a coupla yrs?

Maybe; Maybe not ... But food for thought anyway eh?
I think this is an excellent question.

I know I was anti property in my early 20s. Straight out of uni, I thought I knew best. But after a few years of doing my own research as to what drives property prices I saw an opportunity to buy before the GST was implemented and other government costs were going to drive up replacement cost.

Information was harder to get back then. So once you got it, you really thought about the data because it was truely valuable.

Today, information (good and bad) is easy to get. Today, information is misinterpreted as knowledge. You see it here all of the time. People like Simon have no independent thought - just information grabs that support a bias. And he will believe he has knowledge (rather than information).

So I say that people's behavior would be different. They would be forced to think more, rather than find others to do their thinking for them.

(S – I) + (T - G) + (M - X) = 0
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Trollie
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Rastus2
6 Jan 2017, 07:01 PM
Winning the lottery of life is just one phase... winning it in the right country, with the right (caring) parents, with a silver spoon and/or with a bit of luck when it comes to mistakes not costing you anything more than disappointment are all lotteries that some people are not as lucky as you or I in.

Mocking those who don't win as many as you makes you as much a loser and also a tosser .
Were you feeling a bit left out and needed to just post something, anything?
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Sydneyite
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b_b
6 Jan 2017, 07:14 PM
I think this is an excellent question.

I know I was anti property in my early 20s. Straight out of uni, I thought I knew best. But after a few years of doing my own research as to what drives property prices I saw an opportunity to buy before the GST was implemented and other government costs were going to drive up replacement cost.

Information was harder to get back then. So once you got it, you really thought about the data because it was truely valuable.

Today, information (good and bad) is easy to get. Today, information is misinterpreted as knowledge. You see it here all of the time. People like Simon have no independent thought - just information grabs that support a bias. And he will believe he has knowledge (rather than information).

So I say that people's behavior would be different. They would be forced to think more, rather than find others to do their thinking for them.
Good post! "Information is not knowledge" - that's a key take-away. The other thing I would add is that the internet makes the spread of "mis"-information far more prevelant than in the past.
Edited by Sydneyite, 6 Jan 2017, 07:41 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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