I get really annoyed when people talk about unaffordable housing - you got to make your own luck; We made sacrifices, worked hard, made some smart decisions, and now we have a portfolio
Tweet Topic Started: 4 Sep 2013, 08:24 AM (7,115 Views)
If your kids study hard and get good grades, please accept my condolences. They have a life of suffering ahead of them paying for the insufferable. If it looks like your children are going to get into a good university, I would recommend you emigrate.
I don't value university degrees that highly. The most successful and content people that I have met are self taught. I certainly will be guiding my children through their early life and wont be banging the you must go to University drum with them whatsoever. Quite the opposite in fact.
Why do you hold such a grudge against people much worse off than you? What is the matter with ya?
Just get yourself a house and stop whining, everyone else who owns a house did the hard yards, you wont find a shortcut, so just get on with it. If you choose to throw away your hard earned cash paying someone else's mortgage that is up to you.
Oh yes, thats probably an atypically non-Aspergers emotional reaction to the history of a school friend who chose a more immediate path into employment. I love him dearly, but as a delivery driver he already owns his home, and works roughly half the hours I do. I suppose his frequent Bali holidays have given me the mild shits. But I agree that whinging is not the solution to this problem. An investment in my education has resulted in greater yields than a house would have, tripling my income over the period of seven years; this will no doubt be useful over the coming year or so, as we scrape together a deposit. So I have little to complain about, realistically. It just bothers me when people go on about lazy so-and-so GenXYZ not willing to go the hard yards and wanting shortcuts. Not all of us are sitting around Newtown swilling imported beers and discussing interpretive dance performances.
Oh yes, thats probably an atypically non-Aspergers emotional reaction to the history of a school friend who chose a more immediate path into employment. I love him dearly, but as a delivery driver he already owns his home, and works roughly half the hours I do. I suppose his frequent Bali holidays have given me the mild shits.
it's never too late to become a delivery driver you know
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
If people are offended because of their own inferences and misunderstanding, it is not my problem.
I'm not talking about the end of the world and anyway, it wouldn't be the end of the world, just the end of human civilisation. The earth might a lifeless barren rock, but it will still be here.
I'm talking about the end of cheap, renewable inputs that drive economic growth.
It's not about 'Peak Oil' it's about 'Peak Cheap Oil' which we've already surpassed, this is why there is so much drive towards shale fracking and LNG. Oil is in everything, from fuel to food (fertilizer)
If you want to insist that maths and physics are totally separated from economic conditions, that is your failure to understand.
Economic growth is an increase in the production and consumption of goods and services. It entails increasing population and/or per capita consumption.
Economics cannot be separated from goods and services, goods and services require resources to produce. The availability of resources requires physics to work.
If populations continue to increase (apparently about 80 million people a year) we will run out of space, materials and energy. If per capita consumption continues to increase, we will run out of materials and energy.
We live on a planet with finite space and finite materials, we will not be mining space debris for a great deal of time.
It is simply astounding to think that a scientist, as you have stated you are, cannot see that the resources in the ground are finite. It truly scares me that people who have similar beliefs are our leaders.
For the record, I'm not a doomer, I'm a realist, realistically we cannot continue on this path of ever increasing growth.
World Footprint
Do we fit on the planet?
Today humanity uses the equivalent of 1.5 planets to provide the resources we use and absorb our waste. This means it now takes the Earth one year and six months to regenerate what we use in a year.
Actually the world population is likely to peak within a century as countries 'Westernise'. This will leave us with a sustainable earth, particularly when energy efficiency gains are factored in. The future is rosy with rising standards of living for the world's inhabitants (particularly those currently that have a subsistence living).
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Actually the world population is likely to peak within a century as countries 'Westernise'. This will leave us with a sustainable earth, particularly when energy efficiency gains are factored in. The future is rosy with rising standards of living for the world's inhabitants (particularly those currently that have a subsistence living).
Barns +1 We may be still growing ay 80m, down from its peak of 110m. World growth rates peaked in 1962 and have been declining since. Half the nations of the world are now below replacement fertility.
So many whingers on this forum. Stop complaining, and make your own luck people.
I never had much interest in traveling or eating out or anything, so after six years of working my partner and I had plenty saved and decided it was time to put the money into a house of our own. Just hated the thought of all of that dead rent money.
Rent is paying someone a fee to take the property price risk for you. Now that it has been proven property can go down in value, and is poised to go down a lot more, your years of austerity to save a deposit would seem badly invested. "Renting is dead money" is an advertizing ploy of the banks, and you have played right into their hands I am afraid.
I'm not talking about the end of the world and anyway, it wouldn't be the end of the world, just the end of human civilisation. The earth might a lifeless barren rock, but it will still be here.
I'm talking about the end of cheap, renewable inputs that drive economic growth.
I am sorry Kulganis but all of this is Armageddon spruiking and it is a very old and disfunctional sales technique, very similar to the methods used by religion in the 1600s. You have created a fearful idea of an imaginary future, attached a set of morals and ethics to "the cause" of this imaginary future. Then this is usually followed by attempts to control and judge the behaviour of others.
You are just predicting some dire consequences for the future, and negative people have done this for so long. Maybe it may happen but it is far far more likely that we will adapt our way out of these "end of the world as we know it" scenarios of yours.
There is another way to look at the future and that is with a more positive bent. Who knows what we will be able to do in the future, we could fast track food growth and harness solar energy with super efficiency, we could even invent many new materials with unbelievable strengths made from renewable sources to replace our dependence on resources.
BTW we can still fit the population of the world on the Isle of White, so I think we can be pretty sure we should be fine for a good bit of growth well into the lives of your great great great grand children, and that is without any scientific progress and without reaching your Armageddon scenario.
Do you really think a video entitled the "Age of stupidity" is a suitable way to educate people and win support for progressive action? It says more to me about the inflated ego of the author.
Have a look at the success of the boomer generation in cleaning up European rivers and waterways from the previous generations of industrial polluters, you may not stay so cynical about the ability of humans to clean up their mess and make progress. One of my first jobs was as a junior member of a team that managed to recycle mercury and stop it from being flushed into the river, it was not only a boon for the environment it was hugely cost effective.
Our generation made huge strides in health and safety and environmental protection, which was mostly non existing when I entered the workforce. I am sure the next generation will do very well too.
ECMO
5 Sep 2013, 07:00 AM
Oh yes, thats probably an atypically non-Aspergers emotional reaction to the history of a school friend who chose a more immediate path into employment. I love him dearly, but as a delivery driver he already owns his home, and works roughly half the hours I do. I suppose his frequent Bali holidays have given me the mild shits. But I agree that whinging is not the solution to this problem. An investment in my education has resulted in greater yields than a house would have, tripling my income over the period of seven years; this will no doubt be useful over the coming year or so, as we scrape together a deposit. So I have little to complain about, realistically. It just bothers me when people go on about lazy so-and-so GenXYZ not willing to go the hard yards and wanting shortcuts. Not all of us are sitting around Newtown swilling imported beers and discussing interpretive dance performances.
I was talking about the few people on here who endlessly claim they are doing it tougher than previous generations or young people who missed out on the University experience and were wise enough to invest during the downturn when others hung around waiting for an even bigger price drop. (Not that there is anything wrong with missing university - look at our generation of success icons who were "drop outs", Gates, Branston etc,but as a general rule tertiary education gives much better long term prosperity outcomes.)
Buying a house involves pain, that has always been the case. IMHO it is better to just get on with it if it is you desire to own a home. Hundreds of young people build or buy new homes, in Australia it is available to everyone. Cheap house and crash spruikers are charlatans. Even in Dublin good well located property did not drop that much and they suffered the mother of all crashes, and these homes were certainly not available to young first home buyers. Jobs were scarce and banks would not lend due to high risks of youth unemployment.
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.
Skamy, b_b made a great point in another thread today when he said: "Since 2008 there has been a cottage industry established in predicting house price crashes. This "industry" has become totally discredited over the past 12 months (I visted Steve Keens web site yesterday - he get almost no comments now). So when a bubble forms, who will listen?"(snip)
It seems they have done themselves and their followers even more harm than first suspected. My personal bias has probably now shifted towards blowing off 'doom talk' unless it's very compelling. It would have been in everyone's interest if they just kept their mouths shut IMHO.
Skamy, b_b made a great point in another thread today when he said: "Since 2008 there has been a cottage industry established in predicting house price crashes. This "industry" has become totally discredited over the past 12 months (I visted Steve Keens web site yesterday - he get almost no comments now). So when a bubble forms, who will listen?"(snip)
It seems they have done themselves and their followers even more harm than first suspected. My personal bias has probably now shifted towards blowing off 'doom talk' unless it's very compelling. It would have been in everyone's interest if they just kept their mouths shut IMHO.
Yes my friend that was a good point made by b_b. It is great to see the move away from doom and gloom in the mainstream culture, there are nasty side of the boom and greed culture that usually follows for sure, but overall people are just so much more happy and positive about life in general when they see their homes doing the "right thing" and they can pat themselves on the back for their savvy investment strategy.
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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