The pieces are in place for another humongous, economy-crushing USA housing bubble; Fed, Obama, and big banks, replicate same conditions that existed prior to the last bubble
Tweet Topic Started: 12 Jan 2013, 11:38 PM (4,693 Views)
Most Americans get paid half what they do here. So at best US property is where it should be. The Breaking Bad guy was only on about $40k as a chemistry teacher, he'd be on about $90-100k here. It doesn't make those $300-$500k McMansions in the US look so good.
It's an entirely valid prediction that US property will crash again.
Highest salary-scale classification of classroom teacher – Salary Step 13 $84,759 Subject head teacher in a secondary school $97,543
Fool.
I'd seriously consider doing it too if I had my time again. Looks like a piece of piss compared to real work. Plus lots of holidays. Plus awesome job security.
But then I might become one of those annoying people who constantly talks down to everyone. Although few of the teachers were like that at my school actually, but I knew a couple of guys who were going to become teachers, and they needed punches to the head.
South Dakota had the lowest average salary in 2002-03, at $32,414. The other states in the bottom tier were Montana, at $35,754; Mississippi, at $35,135; North Dakota, at $33,869; and Oklahoma, at $33,277. Also in the lowest tier were the Virgin Islands, at $34,764; Guam at $34,738; and Puerto Rico, at $22,164.
That was about 10 years ago, but I don't think salaries haven't changed much since then.
Google it bitch. Instead of just putting me down. Fucktard.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Without you mean. They'd probably be where they should be. 40-60% cheaper.
yes I fixed it. The idiots here that can't see the train bearing down on them are no different to those in the US in 2006. Just a little pullback, all ahead full from here. They cling to the idea that debt is good and see these big CB printings as "real good!" They fail to see that it is indeed a ponzi scheme that hits the wall when incomes can no longer service interest payments. The US borrows trillions each year now and a big chunk of that goes straight back to pay the interest on proir loans.
In 2011 The Us spent US $227 billion on Debt Servicing. http://wp.interdasglobal.com/federal-budget-analysis/ I sure am glad I have a little gold coin collection, it will be the only thing left of my retirement savings before this stupidity is over.
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
I believe you have no interest in contributing to a discussion with an open mind, you still have not provided your link for Katowice and your population data. I will do research for other people but not for those that are closed minded. You have bought into the bubblehead nonsense and IMHO nothing can persuade you to look at evidence to the contrary.
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.
Surely in a free market, prices are where they should be Skammy- except for all the tinkering and stimulus?
I know it's very difficult for the brainwashed, who believe that home ownership equates to guaranteed wealth accumulation, but why shouldnt houses be cheap?
Maybe then people could afford to spend appropriate amounts of money for quality food, rather than the shiite they presently consume!
They could even affairs to invest in productive business, shares etc.
We do not live in a free market here in Australia, we have very little media diversity and we live with monopolies for petrol, food mobile phone plans, pay TV etc etc. The housing market should be supply and demand but it is not it is influenced by sentiment and sentiment is controlled by our lovely unbiased Murdoch media. Who have been rolling out the doomsayers like Keen,who refuses to provide their data for peer scrutiny, and those demographia developer guys spruiking for urban sprawl into bushland and farmland. It is amazing how many ordinary folk honestly believe our houses are overpriced due to this media bombardment.
Who benefits when house get sold out from under people at below market value eg those $7000 homes in Detroit? In the US at the moment you can buy a much better house than you can rent for the same monthly outgoings. I am not the one who is brainwashed BP -some folk on here just cannot move away from the paradigm that they have bought into for the last few years that Australian house prices are going to drop. More worryingly, the same folk believe that this is good for middle Australia, unbelievable.
Prices will boom in the US that is assured, because that is what always happens after a crash, it may happen quickly or it may happen in a year or two, but houses with increase in price there that is assured. People act like lemmings unfortunately and once they fear house prices rising a boom is assured. It wont be long before there is a new generation of speculators making a packet for themselves, and the banks and real estate agent etc etc, outta pushing up house prices and as the OP shows the US has no intention of trying to put a kibosh on this type of behaviour. Neither boom nor bust is desirable, IMHO.
Australians save more than most and it gets invested in a supposedly useful stock market etc where we got ripped of at every deal by bankers manipulating libor rates to disadvantage super funds and taxpayer funded projects etc. My investment over my lifetime in property has done very well, my super and pension savings are rubbish in comparison and I have got 30yrs worth of forced stock market investment and I am forced to pay for someone to throw away my savings. No-one forces me to buy property.
Anyhow, since when has investing in a productive business been a good way to make money - if you wanna get a good return you have to go with the likes of the CBA and that IMHO is not a very productive business.
There is more sugar in Australian produce than anywhere in Europe, it is so hard to find even a yoghurt without sugar added we have a nation of sugar addicts arggghhh and have you seen the fight the food producers put up against sugar labeling (shakes head)
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.
Highest salary-scale classification of classroom teacher – Salary Step 13 $84,759 Subject head teacher in a secondary school $97,543
Fool.
I'd seriously consider doing it too if I had my time again. Looks like a piece of piss compared to real work. Plus lots of holidays. Plus awesome job security.
But then I might become one of those annoying people who constantly talks down to everyone. Although few of the teachers were like that at my school actually, but I knew a couple of guys who were going to become teachers, and they needed punches to the head.
Highest salary-scale classification of classroom teacher – Salary Step 13 $84,759 Subject head teacher in a secondary school $97,543
Fool.
I'd seriously consider doing it too if I had my time again. Looks like a piece of piss compared to real work. Plus lots of holidays. Plus awesome job security.
But then I might become one of those annoying people who constantly talks down to everyone. Although few of the teachers were like that at my school actually, but I knew a couple of guys who were going to become teachers, and they needed punches to the head.
That was about 10 years ago, but I don't think salaries haven't changed much since then.
Google it bitch. Instead of just putting me down. Fucktard.
I don't need my time again. I could easily become a chemistry teacher. Ironically if I lived in the USA I would seriously consider it. But not in Australia.
"In a survey of high school teaching jobs at Jobs-Salary.com, chemistry teachers averaged more than most other specialties (science and math disciplines are the highest-paying subjects). Posted salaries in ads for chemistry teachers ranged from $58,000 in Virginia's Sussex County to $81,000 in the Baltimore City Public School System.
Highest salary in QLD = $83,308 (Level 4 experienced), after that it's HOP (Heads of program, which is extra work for extra pay). My sister has been at Level 4 experienced for quite a few years but doesn't think the extra pay for HOP is worth it. We've talked about this many times.
Now let's say you get paid $75,000 as a teacher in Baltimore (below average). A fairly nice house would cost $300,000 (20% over median, so comfortably over the median house price for Baltimore). Your ratio would be 4:1.
In Brisbane an equivalent house would be $550,000 (10% above median) and you were a top paid teacher on $84,000. Your ratio would be 6.5:1. (The equivalent capital stretch would be $336,000, but then repayment would be more as interest rates are higher!)
Therefore I'd rather be a chemistry teacher in Baltimore. I think I'd buy myself a 2009 GTR, give it an exhaust and flash tune with my new found increase in purchasing power parity.
And that ends the lesson. Moops, please see me after class. I think you need private tutoring on this concept. P.S. I like the bit where you called me a "Fool"
I don't need my time again. I could easily become a chemistry teacher. Ironically if I lived in the USA I would seriously consider it. But not in Australia.
"In a survey of high school teaching jobs at Jobs-Salary.com, chemistry teachers averaged more than most other specialties (science and math disciplines are the highest-paying subjects). Posted salaries in ads for chemistry teachers ranged from $58,000 in Virginia's Sussex County to $81,000 in the Baltimore City Public School System.
Highest salary in QLD = $83,308 (Level 4 experienced), after that it's HOP (Heads of program, which is extra work for extra pay). My sister has been at Level 4 experienced for quite a few years but doesn't think the extra pay for HOP is worth it. We've talked about this many times.
Now let's say you get paid $75,000 as a teacher in Baltimore (below average). A fairly nice house would cost $300,000 (20% over median, so comfortably over the median house price for Baltimore). Your ratio would be 4:1.
In Brisbane an equivalent house would be $550,000 (10% above median) and you were a top paid teacher on $84,000. Your ratio would be 6.5:1. (The equivalent capital stretch would be $336,000, but then repayment would be more as interest rates are higher!)
Therefore I'd rather be a chemistry teacher in Baltimore. I think I'd buy myself a 2009 GTR, give it an exhaust and flash tune with my new found increase in purchasing power parity.
And that ends the lesson. Moops, please see me after class. I think you need private tutoring on this concept. P.S. I like the bit where you called me a "Fool"
Woopy do dah. I could easily teach computers and maths but you need to go back to uni to get a piece of paper.
That's one state. Fool. $58k is weak for a chemistry teacher and I'd say much more reflective of the average.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
I don't need my time again. I could easily become a chemistry teacher. Ironically if I lived in the USA I would seriously consider it. But not in Australia.
"In a survey of high school teaching jobs at Jobs-Salary.com, chemistry teachers averaged more than most other specialties (science and math disciplines are the highest-paying subjects). Posted salaries in ads for chemistry teachers ranged from $58,000 in Virginia's Sussex County to $81,000 in the Baltimore City Public School System.
Highest salary in QLD = $83,308 (Level 4 experienced), after that it's HOP (Heads of program, which is extra work for extra pay). My sister has been at Level 4 experienced for quite a few years but doesn't think the extra pay for HOP is worth it. We've talked about this many times.
Now let's say you get paid $75,000 as a teacher in Baltimore (below average). A fairly nice house would cost $300,000 (20% over median, so comfortably over the median house price for Baltimore). Your ratio would be 4:1.
In Brisbane an equivalent house would be $550,000 (10% above median) and you were a top paid teacher on $84,000. Your ratio would be 6.5:1. (The equivalent capital stretch would be $336,000, but then repayment would be more as interest rates are higher!)
Therefore I'd rather be a chemistry teacher in Baltimore. I think I'd buy myself a 2009 GTR, give it an exhaust and flash tune with my new found increase in purchasing power parity.
And that ends the lesson. Moops, please see me after class. I think you need private tutoring on this concept. P.S. I like the bit where you called me a "Fool"
In Sydney, private school teachers with some (but I'm not talking decades) experience earn 6 figures. If you were a chemistry teacher here (not necessarily head of department etc) at a good school you would be earning 6 figures within a couple of years (and have 10+ weeks leave per year).
Of course, these are the harder jobs to get though.
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we have a nation of sugar addicts arggghhh and have you seen the fight the food producers put up against sugar labeling (shakes head)
