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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 (13,992 Views)
herbie
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Rufus
18 Jul 2017, 10:57 PM
Home ownership rates generally fall in a depression, the poor have to sell.
Some people think it will give them an opportunity to buy, but they generally don't.
I finds it genuinely sad that tools like Simons 'n our dearly (not!) departed Pauk can get ta hop on tha internet 'n spruik crap Rufus - Wif them both just bein' trolls' - 'N that dills like Chris gets ta do it too - Tho wif him just basically bein' a tool wif a big chip on his shoulder (well for mine anyway). But that all just comes wif tha territory wot's called tha internet I 'spose - 'N tha same time honoured ole adage of "Caveat emptor" simply has ta apply ta all 'n any avid consumers of such crap irrespective of wot source it comes ta them via. - 'N hey, if they gets hurt thru it, they's sure as shit only got 'emselves ta blame I reckons. (Oh, 'n ditto for any tools wot gets all excessively bullish coz they's chose ta buy some crap line from some troll/spruiker/vested interest/genuine dill too - Coz they all gets ta go blah blah on tha internet like tha rest of us.)

But anyways, Simons last comment on this thread woz pure unadulterated crap - For mine.
Edited by herbie, 19 Jul 2017, 01:37 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Matthew
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Rufus
18 Jul 2017, 10:57 PM
Home ownership rates generally fall in a depression, the poor have to sell.
Some people think it will give them an opportunity to buy, but they generally don't.
I love how people like Simon, Chris etc think that in a major negative economic even the homeowner will lose their jobs and house and somehow, unaffected they will keep their jobs and be able to swoop in and snap up the bargains.

It is one of life's biggest hypocricies.

Reality is that in the event of a major negative economic event they are just as likely to become unemployed and unable to either borrow money or pay their rent face the worst of the financial consequences.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Simon_S
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Rufus
18 Jul 2017, 10:57 PM
the poor have to sell.
You mean those with DEBT.....Rich and Poor alike....
herbie
19 Jul 2017, 01:04 AM
I finds it genuinely sad that tools like Simons 'n our dearly (not!) departed Pauk can get ta hop on tha internet 'n spruik crap Rufus - Wif them both just bein' trolls' - 'N that dills like Chris gets ta do it too -

But anyways, Simons last comment on this thread woz pure unadulterated crap - For mine.
Says the Resident Retard who struggles with the English Language..... :lol

Recessions are beautiful things........Depressions truly magical..... :lol


Matthew
19 Jul 2017, 12:34 PM
I love how people like Simon, Chris etc think that in a major negative economic even the homeowner will lose their jobs and house and somehow
Considering during the Great Depression unemployment ran at 30%.......

And this ones gonna be even worse......than that.

Edited by Simon_S, 19 Jul 2017, 02:39 PM.
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stinkbug
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Simon_S
19 Jul 2017, 02:33 PM
You mean those with DEBT.....
No. The people who sell are the ones who struggle with cashflow. People with money and assets can generally restructure things to get through short to medium term pain. The poor have nothing to restructure, leverage or sell. This is why the rich get richer during times of economic pain: they can buy assets at reduced prices.
---------------------------------------------------------------

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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Blondie girl
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Yeah
well first world problems, by the time I get hungry I don't care about all the ecolo/recycled/hipster containers I eat and drink from while on the go...
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Simon_S
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stinkbug
19 Jul 2017, 04:43 PM
No. The people who sell are the ones who struggle with cashflow. People with money and assets can generally restructure things to get through short to medium term pain.
Quote:
 
No. The people who sell are the ones who struggle with cashflow.


They sell because they Lose or Lack enough Cash flow..........

Quote:
 
People with money


Those with Cash.......And Assets.......Don't have Debt.

Quote:
 
get through short to medium term pain.


Is more than 10 years short term......

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Foxy
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Zero is coming...

Blondie girl
19 Jul 2017, 05:16 PM
Yeah
well first world problems, by the time I get hungry I don't care about all the ecolo/recycled/hipster containers I eat and drink from while on the go...
Hi Blondie girl,
Can you give us all a rental report for Perth please///
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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herbie
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Simon_S
18 Jul 2017, 10:15 PM
Nah....The Next Recession will fix all that...

Just like in the 1890's and 1930's.
Found any stats ta support ya contention that home ownership rates go up in depressions yet has ya Simons? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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herbie
19 Jul 2017, 09:32 PM
Found any stats ta support ya contention that home ownership rates go up in depressions yet has ya Simons? ... :)
Is your contention that house prices rise in a Depression....... :lol
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herbie
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Simon_S
19 Jul 2017, 09:43 PM
Is your contention that house prices rise in a Depression....... :lol
идиот - :)

http://en.bab.la/dictionary/english-russian/idiot
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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