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Chris Joye - Young Man in a Hurry: Profile; Profile: From 2003
Topic Started: 20 Feb 2011, 06:07 PM (13,097 Views)
woozle
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Chris Joye - Young man in a hurry

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July 3 2003

"Perfectionist" ... Christopher Joye's father says he will go through life as an unhappy Socrates, or mellow out. Photo: Edwina Pickles

He devised a radical plan to slash home costs, has lunch with Henry Kissinger and does battle with parking inspectors. John Garnaut profiles an Australian some think is prime minister material.

If Alan Jones is an arbiter of what thrives and dies in Australian public life, then Christopher Joye was laid to rest at the tender age of 25. "There'll be no joy for Mr Joye," the talk show host mused last September. Jones had just heard of Joye's radical equity finance proposal to make home ownership more affordable. "It's a stupid idea and a nonsense. So that will be the end of Mr Joye."

Joye's response was manic. At Cambridge University he poured out the substance of his PhD thesis on affordable home ownership in just nine months. He enlisted an army of the world's leading financial minds to endorse his work. And finally he submitted his Home Ownership Taskforce Report to the Prime Minister, John Howard, at the Liberal Party convention in Adelaide in late May. Howard had thrown his weight behind the idea after a 45-minute briefing.

As the research grew more compelling, Joye's objectives widened.

He listened to Jones over the internet and sent him scores of emails. Finally, last month, on that most fateful of days, Friday the 13th, he received confirmation of his resurrection: "Well, it was a wonderful evening. You're a star. What a wonderful mind," Jones wrote in an email after a four-hour dinner at Aria restaurant, underneath his Circular Quay apartment. "You are going to make it! And I hope I'm there to celebrate with you."

Enlisting the Sydney broadcaster marks one strategic victory in a much wider war. Joye, 26, is on an intellectual and personal crusade. He left Sydney to escape the controversy and superficial splendour surrounding his Bellevue Hill family mansion. He threw in a $200,000 job at investment bank Goldman Sachs to devote himself to the world of ideals, ideas and self-promotion.

More here... http://www.smh.com.au/articles/2003/07/02/1056825453672.html
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Deleted User
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So what happened to his great ideas about affordable housing?
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efy6rph
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"Joye plans to transform low-income renters into home owners by reducing the amount of capital required to enter the market."

That's a good idea, he should call it "sub-prime" or something like that, I can't see any potential problems with it at all.
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Catweasel
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Catweasel such the intensity photo for a young a man. Is it a member of a punk band? Some the interesting though:

He threw in a $200,000 job at investment bank Goldman Sachs to devote himself to the world of ideals, ideas and self-promotion.


???? 200K at a Vampire Squid? What he a doing? Work in a mailroom?

"I left the investment banking universe because it was an asinine and banal existence, and ultimately I want to make a contribution to the community and ensure that the waves I create help to positively shape this nation's shores."


So he start a index a residential housing and some a lending scheme that a bank the love. Not exactly the homeless shelter but the guess it the better than a Vampire Squid life.


Whatever Joye lacks in poise he makes up with sheer energy, intellect and audacity. The constellation of successful men who watch over him say, quite simply, he is the most gifted individual they have ever seen.


Well a Ben Cousins was a pretty the gifted too. So was a Alan Greenspan.



Joye talks of his childhood environment as selfish, seductive and destructive - and is acutely aware that others saw it that way: "It was like living in a parallel universe, removed from the vagaries of the mundane and mediocre. [But] lurking beneath the luminous surface was a cold, dark and insidious climate ... sinister undercurrents ruthlessly wresting away innocent souls."


Is this a news article or the Bram Stoker novel?
Edited by Catweasel, 20 Feb 2011, 07:49 PM.
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Deleted User
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Chris said it peaked last May, same as me.....lol

Interest rate rises suppress home prices
http://www.australianbankingfinance.com/banking/interest-rate-rises-suppress-home-prices/

According to the latest RP Data-Rismark Hedonic Home Value Index, Australian dwelling values rose by a seasonally-adjusted 0.4 per cent in the December quarter, and 4.7 per cent over the year. The capital city market peaked in May 2010 and remains below this threshold today. Over 2010, Melbourne (+8.4 per cent) and Sydney (+6.6 per cent) were the best performers. Perth (-2.3 per cent) and Brisbane (-1.0 per cent) were the worst.

“The RBA’s four interest rate hikes in 2010, which were topped up by a fifth via the banks, conspired to snuffle out capital growth during the remainder of the year. Indeed, the capital city housing market very clearly peaked in May 2010, and remains below this point today,” said Christopher Joye, Rismark’s managing director.

In the “Rest of State” markets, which cover the circa 40 per cent of homes not located in the capitals, dwelling values rose by an even meeker 0.8 per cent during 2010, according to RP Data-Rismark’s Hedonic Index. According to RP Data’s Tim Lawless, this soft result likely reflects the weaker demand and supply fundamentals in regional areas.”
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Rastus2
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Yes, I read this story ages ago (it is 2003 vintage)... the bit that struck me was the last words..

Quote:
But first, walking back to his mother's silver Audi, with hazard lights flashing in a no-parking alley beside Woolloomooloo Wharf, it's time to apportion credit where it is due.

"Joye, you're a genius," he exclaims, punching the air.

Three hours in a no parking zone, and no ticket.
endQuote:


If I was one of the people who were trapped by his mom's car by his inconsiderate parking, I would be pretty unimpressed.

It's the act of a selfish person who does not give a stuff about the rules... yeah, just the kind of guy we want involved lobbying government :blink:
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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BubbleBoy
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Rastus2
20 Feb 2011, 08:10 PM

Yes, I read this story ages ago (it is 2003 vintage)... the bit that struck me was the last words..

Quote:
But first, walking back to his mother's silver Audi, with hazard lights flashing in a no-parking alley beside Woolloomooloo Wharf, it's time to apportion credit where it is due.

"Joye, you're a genius," he exclaims, punching the air.

Three hours in a no parking zone, and no ticket.
endQuote:


If I was one of the people who were trapped by his mom's car by his inconsiderate parking, I would be pretty unimpressed.

It's the act of a selfish person who does not give a stuff about the rules... yeah, just the kind of guy we want involved lobbying government :blink:
I think you'll find that a large portion of politicians and business leaders have strong narcissistic traits. It's unfortunate but its true.
My name is based on a Seinfeld character, not on a belief of a housing bubble.
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Deleted User
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Yes and this narcism is dying as teams develop in the new economy.
the sum of a team is greater than that of a group of individuals.....traditional indian family values are a good example....
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BubbleBoy
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pauk
20 Feb 2011, 08:57 PM
Yes and this narcism is dying as teams develop in the new economy.
the sum of a team is greater than that of a group of individuals.....traditional indian family values are a good example....
I believe narcissism is on the increase in our society.
My name is based on a Seinfeld character, not on a belief of a housing bubble.
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Olmule
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BubbleBoy
20 Feb 2011, 09:43 PM
pauk
20 Feb 2011, 08:57 PM
Yes and this narcism is dying as teams develop in the new economy.
the sum of a team is greater than that of a group of individuals.....traditional indian family values are a good example....
I believe narcissism is on the increase in our society.
In Oz it is out of control.

There are soooo many "I made a million in property all due to my own brilliance" knobs out there nowadays. Plenty of creeps seriously believe that it was their own investment skills that allowed this. Try do it again in the next 10 years.

Not sure where it stems from, but I would guess that it is thanks to the rubbish that is on the idiot box - mostly from the US. Simple minds easily cave in to the pressure to be seen (or heard - lol) to have made it BIG.
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