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Boomers at it again; The most selfish generation can't help but take, take, take
Topic Started: 1 Jul 2017, 09:17 PM (13,996 Views)
Bardon
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You could use your equity to move up a level and get into something like this.

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Mansion House, Westminster
US$46m
Savills/Knight Frank
Formerly the headquarters of the Liberal Democrats, this Grade II-listed palatial residence is available for the first time as a private home. From the terrace you can see Big Ben, the House of Lords and Westminster Abbey. Its Wren-inspired façade is remarkable, located on Cowley Street, a historic pocket of London that first began to be built up in the early 18th century. Painstakingly restored, the goldwork in the ceilings and in the 14ft-wide cupola was carried out by artisans who worked at Windsor Castle, the Royal Academy and the Palace of Westminster. With seven bedrooms accessed by an eight-person lift, this is a truly palatial home. Downstairs is the spa, Jacuzzi and gym with a 10m swimming pool.
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Trollie
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Chris
14 Jul 2017, 02:24 PM
Socks find it hard to be accurate, they tend to get lost in the moment and dig themselves into a hole. If his parents purchased their first home in the 90's he would be lucky to be in his 20's which would barely have him past puberty.

It's hard to take him seriously as a sock at the best of times, silly fark ups like this just make it all that harder
You can't even read a simple post without cocking it up, no wonder you let the boom pass you by with such cleverness.

Where did I say it was their first house?
Where did I say I was born after they purchased it? You've had kids without owning a house haven't you, why even assume something so stupid?

I guess I shouldn't be too hard on you, Golly that prize idiot was right there feeding you wrong information as usual.
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herbie
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Chris
15 Jul 2017, 07:20 AM
Another baby boomer who can go to their grave (given genetics, sooner rather than later) ...

I'm sure your legacy will live on for decades, no hang on...............weeks...........at very least hours after they throw ya bones in the dirt
That's nice Chris - 'N up yours too.

Hmmm - As I's said before, go rot cnt ... :)
Edited by herbie, 15 Jul 2017, 11:12 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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Trollie
15 Jul 2017, 11:22 AM
You can't even read a simple post without cocking it up, no wonder you let the boom pass you by with such cleverness.

Where did I say it was their first house?
Where did I say I was born after they purchased it? You've had kids without owning a house haven't you, why even assume something so stupid?

I guess I shouldn't be too hard on you, Golly that prize idiot was right there feeding you wrong information as usual.
Same deceptive shadow bullshit, write propaganda with plenty of wiggle room.

How much snake oil you got left for sale?
Rufus
15 Jul 2017, 08:37 AM
He has a point, you really are a miserable person.
Because I don't follow a mortgage broker who tells me to buy a house no matter what it takes? Or because I think mortgage brokers are superfluous, or both?!

You are transparent Ruffy, you just can't help but show your contempt for anything that doesn't feather your nest. You can't hide it and quite frankly it destroys your crdibiiity but I don't expect you to comprehend any of it.
Edited by Chris, 16 Jul 2017, 12:43 AM.
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herbie
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Chris
16 Jul 2017, 12:39 AM
Same deceptive shadow bullshit, write propaganda with plenty of wiggle room.

How much snake oil you got left for sale?

Because I don't follow a mortgage broker who tells me to buy a house no matter what it takes? Or because I think mortgage brokers are superfluous, or both?!

You are transparent Ruffy, you just can't help but show your contempt for anything that doesn't feather your nest. You can't hide it and quite frankly it destroys your crdibiiity but I don't expect you to comprehend any of it.
Gotta admit that it's as funny as f*** that's there's a coupla joints in Oz where totally worthless nasty little cnts like you genuinely can't afford ta buy an 'acceptable' home tho these days eh Chris? - LOL!
Edited by herbie, 16 Jul 2017, 08:32 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Chris
16 Jul 2017, 12:39 AM
Same deceptive shadow bullshit, write propaganda with plenty of wiggle room.

How much snake oil you got left for sale?
You're the one making crap up
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Chris
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herbie
16 Jul 2017, 02:41 AM
Gotta admit that it's as funny as f*** that's there's a coupla joints in Oz where totally worthless nasty little cnts like you genuinely can't afford ta buy an 'acceptable' home tho these days eh Chris? - LOL!
Yes herb.
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Rufus
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Chris
16 Jul 2017, 12:39 AM
Because I don't follow a mortgage broker who tells me to buy a house no matter what it takes? Or because I think mortgage brokers are superfluous, or both?!

You are transparent Ruffy, you just can't help but show your contempt for anything that doesn't feather your nest. You can't hide it and quite frankly it destroys your crdibiiity but I don't expect you to comprehend any of it.
I don't recall telling you to buy a house no matter what it takes.
Do you have a link?

You may get criticised less if you stopped making things up Chris.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Sydneyite
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So. might be time for a thread summary:

1) Chris claims Boomers are guilty of "inter-generational theft", and says he hates them all: "As a generation as a whole, no I hate them for everything they are and what they stand for, which is unbridled greed, inter-generational theft and selfishness."

2) It turns out, that all that was actually "stolen" (or perhaps unfulfilled would be a better word) is Chris's own self-manufactured sense of personal entitlement. :re: It turned out that no actual property could be identified that had been "stolen" by boomer generations from following generations at all! It also turned out that many Gen Xers - ie a following generation after the boomers, also seem to have done well and don't seem to share either his anger towards boomers or possess his unfulfilled sense of entitlement. But Chris's angst and bitterness does turn to these people when they point out the facts of history that do not suit his view points......

3) Chris comes out with a number of incorrect statements purported to be facts -

* eg "IR's were never 12% in 1992, they were at 8% max and median was about 7 times not 5 times" - Chris was WRONG - it was shown (using Chris's own posted link) that average SVRs were 12% at the start of 1992 and 10% at the end of 1992. They did not fall below 8% until 1997. The Sydney median detached house price / average single full time wage multiple was 5 in 1992, rising to 8.5 only by 1999.

* eg "in 1999 the [Sydney] ratio was 5 times, median House $180K" - Again, Chris was WRONG. These figures would have been correct for 1992 (which Chris then argued against later).

When corrected on those, he lashed out naming the posters correcting him as "compulsive liars", who just "make shit up", Of course it turned out, even using the exact links /evidence posted by Chris, that in fact he was wrong and the posters he labelled as "liars"were in fact quite correct with their facts. :re:

4) The, while calling Rufus a "twit" and accusing him of lying, Chris thought it was impossible that banks had a much lower share (compared to today) of personal home lending in the past, before the deregulation and the 1990s - he demanded evidence: "please provide hard data supporting your assertion that banks were relegated to minority lenders in the mortgage market to be surpassed by non bank lenders during the 1990's.". Of course Chris was once again WRONG! Rufus provided evidence showing that banks market share had fallen dramatically over the 60s and 70s and that by the 80s was maybe a little more than half the market at best.

5) No apology or retraction was ever forthcoming from Chris for his false accusations. The best we got was this re the Chris's interest rate balls up - "it appears I got a little arse about on years and IR's, it happens." - so it seems that when Chris thought he was right, those who were in fact correct were all compulsive liars, while when Chris finally realises he was wrong, it was a simple error - "ït happens"..... :re: Yea it sure does happen to Chris - a lot, about almost everything he thinks and bases his twisted, bitter and self-entitled views upon...... :dry:

6) Oh yea and Chris also is adamant that personal wealth of property owners doesn't actually increase when the realisable value of the PPOR property assets increase.....




Edited by Sydneyite, 16 Jul 2017, 07:46 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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herbie
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Sydneyite
16 Jul 2017, 01:14 PM
So. might be time for a thread summary:

1) Chris claims Boomers of inter-generational theft, and says he hates them all: "As a generation as a whole, no I hate them for everything they are and what they stand for, which is unbridled greed, inter"-generational theft and selfishness."

2) It turns out, that all that was actually "stolen" (or perhaps unfulfilled would be a better word) is Chris's own self-manufactured sense of personal entitlement. :re: It turned out that no actual property could be identified that had been "stolen" by boomer generations from following generations at all! It also turned out that many Gen X - ie a following generation after the boomers, contains many people who also seem to have done well and don't seem to share either his anger towards boomers or his unfulfilled sense of entitlement - but Chris's angst and bitterness does turns on these people when they point out the facts of history that do not suit his view points......

3) Chris comes out with a number of incorrect statements purported to be facts -

* eg "IR's were never 12% in 1992, they were at 8% max and median was about 7 times not 5 times" - Chris was WRONG - it was shown (using Chris's own posted link) that average SVRs were 12% at the start of 1992 and 10% at the end of 1992. They did not fall below 8% until 1997. The Sydney median detached house price / average single full time wage multiple was 5 in 1992, rising to 8.5 only by 1999.

* eg "in 1999 the [Sydeney] ratio was 5 times, median House $180K" - Again, Chris was WRONG. These figures would have been correct for 1992 (which Chris then argued against later).

When corrected on those, he lashed out naming the posters correcting him as "compulasive liars", who just "make shit up", Of course it turned out, even using the exact links /evidence posted by Chris, that in fact he was wrong the posters he labelled as "liars"were in fact quite correct with their facts. :re:

4) Them while calling Rufus a "twit" and accusing him of lying, Chris thought it was impossible that banks had a much lower share (compared to today) of personal home lending in the past, before the deregulation and the 1990s - he demanded evidence: "please provide hard data supporting your assertion that banks were relegated to minority lenders in the mortgage market to be surpassed by non bank lenders during the 1990's.". Of course Chris was once again WRONG! Rufus provided evidence showing that banks market share had fallen dramatically over the 60s and 70s and that by the 80s was maybe a little more than half the market at best.

5) No apology or retraction was ever forthcoming from Chris for his false accusations. The best we got was this re the Chris's interest rate balls up - "it appears I got a little arse about on years and IR's, it happens." - so it seems that when Chris thought he was right, those who were in fact correct were all compulsive liars, while when Chris finally realises he was wrong, it was a simple error - "ït happens"..... :re: Yea it sure does happen to Chris - a lot, about almost everything he thinks and bases his twisted, bitter and self-entitled views upon...... :dry:

6) Oh yea and Chris also is adamant that personal wealth of property owners doesn't actually increase when the realisable value of the PPOR property assets increase.....




Tha most interestin' thing about Chris is that he just sits there like a big useless blob demandin' wot he sees as his entitlement ('n dreamin' up people ta hate over him not havin' got wot he sees as his entitlement - Wif it bein' tha expectation of a stand alone home in Melvegas 'close' ta tha CBD for maybe 3 or 4 times tha median single person's salary/wage coz that's wot he reckons his dear ole ma 'n pa got) when it's obvious he's simply never gunna get it.

'N until he accepts just how totally unrealistic that expectation is given all tha things wot's changed since his parents bought, his whole approach ta it seems ta just render him incapable of comin' up wif any sort of a 'Plan B' ta achievin' home ownership for his retirement from wot I see? ... Tho maybe he's got one 'n just isn't choosin' ta tell us? (Or maybes he reckons home ownership in retirement won't be no big deal? - Must admit, I's never seen him comment either which way on that.)
Edited by herbie, 16 Jul 2017, 04:06 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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