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The high cost of snake oil
Topic Started: 7 Jan 2017, 10:18 AM (10,281 Views)
Chris
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Khaderbhai
14 Jan 2017, 07:10 AM
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Not really interested in moralising about it. Just stating the facts. Millions of Australians enjoy shelter without owning a home, but those who choose to buy property tend to generate far more wealth than renters.
Deceptive chart as it does not include interest costs, maintenance, cost to get in and exit costs.

Another shit attempt at deceit.
Rufus
14 Jan 2017, 07:10 AM
Where on earth do you guys get these completely unsubstantiated ideas from?
You see no correlation between interest rate falls, higher house prices proceeding this, and an economy unable to find traction and starting to head backwards?

How can you have the highest house prices in the developed world that are rising exponentially and an economy that is on the verge of a recession without there being significant issues with disposable incomes?
Edited by Chris, 14 Jan 2017, 07:52 AM.
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Bardon
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Rufus
14 Jan 2017, 07:10 AM
Where on earth do you guys get these completely unsubstantiated ideas from?
Its been boiling up inside him for some time, normally it dissipates on puberty.
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Rufus
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Chris
14 Jan 2017, 07:47 AM
You see no correlation between interest rate falls, higher house prices proceeding this, and an economy unable to find traction and starting to head backwards?

All things considered the economy is doing quite well.
Housing is expensive, but it's expensive everywhere not just here.

If you don't like conditions here, go elsewhere, but we do have a very high living standard. People earn good wages here and live better than they do in most countries.
https://www.weforum.org/agenda/2016/11/these-oecd-countries-have-the-best-quality-of-life?utm_content=buffer24451&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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How can you have the highest house prices in the developed world that are rising exponentially and an economy that is on the verge of a recession without there being significant issues with disposable incomes?

Actually we don't have the highest priced houses in the developed world, and the economy isn't on the verge of a recession.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Chris
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Rufus
14 Jan 2017, 08:00 AM
All things considered the economy is doing quite well.
Housing is expensive, but it's expensive everywhere not just here.

If you don't like conditions here, go elsewhere, but we do have a very high living standard. People earn good wages here and live better than they do in most countries.
https://www.weforum.org/agenda/2016/11/these-oecd-countries-have-the-best-quality-of-life?utm_content=buffer24451&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer



Actually we don't have the highest priced houses in the developed world, and the economy isn't on the verge of a recession.
The world according to Peter.
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Simon_S
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Chris
14 Jan 2017, 08:29 AM
The world according to Peter.
Nothing like Paying Interest on all that Wealth.........
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Tommy
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Rufus
14 Jan 2017, 08:00 AM
All things considered the economy is doing quite well.
Housing is expensive, but it's expensive everywhere not just here.

If you don't like conditions here, go elsewhere, but we do have a very high living standard. People earn good wages here and live better than they do in most countries.
https://www.weforum.org/agenda/2016/11/these-oecd-countries-have-the-best-quality-of-life?utm_content=buffer24451&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer



Actually we don't have the highest priced houses in the developed world, and the economy isn't on the verge of a recession.
The economy isn't on the verge of recession? You do realize that we may already be in one since the last quarter was -.5 right? Nothing bad has even happened yet like car manufacturers winding up,fall in apartment building,investment stage of mining complete. These are going to happen this year for certain. Do you know of an industry that will boom enough to offset these certainties? Please let me know?
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Khaderbhai
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Chris
14 Jan 2017, 07:47 AM
Deceptive chart as it does not include interest costs, maintenance, cost to get in and exit costs.

Another shit attempt at deceit.
It also doesn't show the cost of rent or moving house. That's because it's a wealth chart. It shows net assets, not cashflow.

It shows the relative wealth of renters versus homeowners. Homeowners are wealthier at all stages of life.

You've certainly been deceived Chris, but not by me or the chart.
Edited by Khaderbhai, 14 Jan 2017, 11:29 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Chris
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Khaderbhai
14 Jan 2017, 11:28 AM
It also doesn't show the cost of rent or moving house. That's because it's a wealth chart, not a cashflow chart.

It shows the relative wealth of renters versus homeowners. Homeowners are wealthier at all stages of life.

You've certainly been deceived Chris, but not by me or the chart.
It's a decade old and is stating that if your home is worth $250k and it has a $220k mortgage itsvirrrmd any because your worth is $250k plus super and other assets and savings.

It doesn't tell the whole story and you are presenting it in a deceptive manner
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Khaderbhai
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Wealthy Suburbanite

Chris
14 Jan 2017, 11:31 AM
is stating that if your home is worth $250k and it has a $220k mortgage itsvirrrmd any because your worth is $250k plus super and other assets and savings.
Not sure what 'itsvirrrmd' means, but a $250K home with $220K mortgage would be $30K net wealth.

Basically, the chart shows net worth (assets less debt). At all stages of life, homeowners are much wealthier than renters.
Edited by Khaderbhai, 14 Jan 2017, 11:49 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Chris
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Khaderbhai
14 Jan 2017, 11:48 AM
Not sure what 'itsvirrrmd' means, but a $250K home with $220K mortgage would be $30K net wealth.

Basically, the chart shows net worth (assets less debt). At all stages of life, homeowners are much wealthier than renters.
Everyone know what 'itsvirrrmd' means. Moving on though the 30k ignores the costs to get into it, so deposit and stamps have been ignored. The

You are just a filthy deceptive liar. Anyway why haven't you presented a chart for 2015-16
Edited by Chris, 14 Jan 2017, 12:20 PM.
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