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The Suburbanites are Tapped Out
Topic Started: 10 Jan 2017, 09:30 AM (3,171 Views)
Trollie
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Simon_S
10 Jan 2017, 05:15 PM
Tell me again
Why should we? You're just a waste of time and oxygen.
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Simon_S
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Trollie
10 Jan 2017, 05:39 PM
Why should we? You're just a waste of time and oxygen.
And yet you couldn't help yourself.

Finally figured out the stupidity of you premise?

Wow your on a roll.

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stinkbug
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Simon_S
10 Jan 2017, 05:15 PM
Withdraw equity for consumption......

Possible or Advantageous for the masses.......

Tell me again how DEBT is Wealth.....
Wrong. Withdraw equity for investment.

Dumber strikes again... :re:
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Simon_S
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stinkbug
10 Jan 2017, 06:03 PM
Wrong. Withdraw equity for investment.

Dumber strikes again... :re:
More Debt.........

That sounds like a great investment......

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Trollie
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Simon_S
10 Jan 2017, 05:54 PM
And yet you couldn't help yourself.

Finally figured out the stupidity of you premise?

Wow your on a roll.
Putting you in your place is a public service.
Simon_S
10 Jan 2017, 06:10 PM
More Debt.........

That sounds like a great investment......
No one is going to listen to you on what is and isn't a great investment, you don't have a clue.
Edited by Trollie, 10 Jan 2017, 06:18 PM.
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skamy
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Khaderbhai
10 Jan 2017, 09:58 AM
Oh I see Roddy, suburbanites are tapped out because Martin North says so. :re:
He thinks Toorak and Bondi are full of suburbanites - that alone gave me a great guffaw. Maybe 25 year ago Bondi was suburbia but in 2017 when a 2x1 unit rents out for over $1000 a week I don't think so.

The latest RBA report states that Australians are on aggregate 2.5 year ahead on their mortgages and that applications for property repossessions are continuing to decline nationally. The rate of bankruptcy is at 15year lows. Yet here is Terry still hoping and clinging on to his wild idea that a rise in interest rates will see property owners in Bondi and Toorak having a fire sale.

You gotta feel sorry for the poor guy after all these years of broken dreams.
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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Terry
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skamy
11 Jan 2017, 12:03 AM
He thinks Toorak and Bondi are full of suburbanites - that alone gave me a great guffaw. Maybe 25 year ago Bondi was suburbia but in 2017 when a 2x1 unit rents out for over $1000 a week I don't think so.

The latest RBA report states that Australians are on aggregate 2.5 year ahead on their mortgages and that applications for property repossessions are continuing to decline nationally. The rate of bankruptcy is at 15year lows. Yet here is Terry still hoping and clinging on to his wild idea that a rise in interest rates will see property owners in Bondi and Toorak having a fire sale.

You gotta feel sorry for the poor guy after all these years of broken dreams.
Not about me Roddy. It's about the data.
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Khaderbhai
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Wealthy Suburbanite

Terry
11 Jan 2017, 12:18 AM
Not about me Roddy. It's about the data.
You don't understand the data Roddy.
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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Rufus
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Khaderbhai
11 Jan 2017, 08:50 AM
You don't understand the data Roddy.
Understanding data is a big concern. Taleb has little faith in the interpretations of the so called "behavioural scientists"
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Khaderbhai
11 Jan 2017, 08:50 AM
You don't understand the data Roddy.
Stepping up there for the puppets MC. The data is what it is.
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