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 (7,114 Views)
Re university, I reckon a uni degree is like a ticket to the dance. For some careers, a degree is required. Degrees should be treated as a means to an end. I have a couple, and they have helped me onto a very interesting and well paid career that would not have been available without them.
I said to my girls just pick something they enjoy studying, they can always figure out a way to make a living from it later.
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.
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.
It really depends on the situation , I do get what you are saying.. Some is crap eg. ..just ..a Bachelor in Arts means absolutely nothing..., need to top it up...
A gifted child, & also, such as the nerds, geeks of this world do get encouraged to go full steam ahead with the talents..I'm also reading some unusual posts that I regard as being on the diagnosis of certain mental health conditions ...I better get my old DSM handbook, coz I'm reading some strange stuff.
Nothing wrong ..I better be politically correct
I'm glad I didn't end up dissecting rats in the name of science.
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.
All ideas of the future are imaginary, unless you know a doctor with a blue box. (was never much of a fan of back to the future)
Your rosy future is also imaginary.
Yes, I believe humanity is the cause for this imaginary future.
Yes, we could innovate more efficient energy sources, I'll agree to that.
Yes, the predictions I've presented are dire, I believe we should be preparing for the worst and hoping for the best.
Whereas you seem to be expecting the best and preparing for the best, you may be right, but you and people like you are setting yourselves up for the possibility of major disappointment.
The population of the world may be able to fit on the Isle of White, but this is obfuscation, the real problem is where do they get their food from?
According to the 2012 Revision of the official United Nations population estimates and projections, the world population of 7.2 billion in mid-2013 is projected to increase by almost one billion people within the next twelve years, reaching 8.1 billion in 2025, and to further increase to 9.6 billion in 2050 and 10.9 billion by 2100. Reference
1.4 billion people – or 20 per cent of the world’s population – live in extreme poverty, earning less than $1.25 a day. More than two-thirds of these extremely poor people, or nearly 1 billion of them, do not have enough food to eat. Reference
In more than half the world's nations, more than 2 people die for every 100k due to malnutrition, in about a quarter of the world's nations more than 21 people die for every 100k due to malnutrition. Reference
This is deaths, not just going hungry for a bit, but actually dying from starvation.
We can't even feed our current population.
I admit, I'm really looking forward to protein resequencers. (trekkie's will know this device)
The name of the film comes from a statement from one of the interviewed people:
Alvin DuVernay: "In my opinion our use or misuse of resources the last 100 years or so, I'd probably rename that age, something like The Age of Ignorance, The Age of Stupid." Alvin is (was?) a paleontologist for Shell Oil.
Only the narrator is an actor, it's a film of (mostly) collected interviews.
I have no doubt that the boomer generation has done wonderful things for this planet, but they've also done some pretty terrible things, just like (almost) every other generation before them and probably every generation to follow.
This all started because I took umbrage at your insistence that house prices will rise because they have in the past. I'm trying to understand how you can make such a leap of faulty logic. House prices may rise, as they have in the past, but this doesn't mean they will.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
All ideas of the future are imaginary, unless you know a doctor with a blue box. (was never much of a fan of back to the future)
Your rosy future is also imaginary.
Yes, I believe humanity is the cause for this imaginary future.
Yes, we could innovate more efficient energy sources, I'll agree to that.
Yes, the predictions I've presented are dire, I believe we should be preparing for the worst and hoping for the best.
Whereas you seem to be expecting the best and preparing for the best, you may be right, but you and people like you are setting yourselves up for the possibility of major disappointment.
The population of the world may be able to fit on the Isle of White, but this is obfuscation, the real problem is where do they get their food from?
According to the 2012 Revision of the official United Nations population estimates and projections, the world population of 7.2 billion in mid-2013 is projected to increase by almost one billion people within the next twelve years, reaching 8.1 billion in 2025, and to further increase to 9.6 billion in 2050 and 10.9 billion by 2100. Reference
1.4 billion people – or 20 per cent of the world’s population – live in extreme poverty, earning less than $1.25 a day. More than two-thirds of these extremely poor people, or nearly 1 billion of them, do not have enough food to eat. Reference
In more than half the world's nations, more than 2 people die for every 100k due to malnutrition, in about a quarter of the world's nations more than 21 people die for every 100k due to malnutrition. Reference
This is deaths, not just going hungry for a bit, but actually dying from starvation.
We can't even feed our current population.
I admit, I'm really looking forward to protein resequencers. (trekkie's will know this device)
The name of the film comes from a statement from one of the interviewed people:
Alvin DuVernay: "In my opinion our use or misuse of resources the last 100 years or so, I'd probably rename that age, something like The Age of Ignorance, The Age of Stupid." Alvin is (was?) a paleontologist for Shell Oil.
Only the narrator is an actor, it's a film of (mostly) collected interviews.
I have no doubt that the boomer generation has done wonderful things for this planet, but they've also done some pretty terrible things, just like (almost) every other generation before them and probably every generation to follow.
This all started because I took umbrage at your insistence that house prices will rise because they have in the past. I'm trying to understand how you can make such a leap of faulty logic. House prices may rise, as they have in the past, but this doesn't mean they will.
What I have said is that if a city is growing either in population or prosperity then the chance are high that house prices will rise. It has served well for many generations and is very likely to serve this generation of buyers well too. We are just emerging from a significant downturn and that means that unstable home owners will already have been left the market so the kind of economic shock required to cause a further downturn would have to be something very significant, and there is nothing at all on the horizon of that level of significance.
It is actually lovely to debate with you and it is a breath of fresh air to hear you and I think Mel thinks I am being a bit too much of the old cynic. So let me send you some timeless good wishes from Bob Dylan performed by a couple of old boomer icons.
Hey Veritas this is for you too
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.
It is actually lovely to debate with you and it is a breath of fresh air to hear you and I think Mel thinks I am being a bit too much of the old cynic. So let me send you some timeless good wishes from Bob Dylan performed by a couple of old boomer icons.
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.
This has been my experience also. A degree can be a very important tool for many situations but the people i've personally known with the most money have all been self made. Business sense can sometimes be more important than a technical skill, which can almost always be employed.
May I draw your attention to some of your previous posts?
I may be just getting hung up on language. Some people might see this as nit picking.
Quote:
It does not take much to conclude that, if historical behaviour is repeated, the property market in Sydney and likely the rest of Australia is in for a long period of growth.
We are not so far apart on views really. The main one is that you believe the big gains in property are probably over whereas I believe prices will probably continue to rise with growth the way they always have in my experience of the last 3 decades.
I agree, it is lovely to discuss this with you, especially since we hold such opposing views, I would hate it if we all agreed about everything.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
This has been my experience also. A degree can be a very important tool for many situations but the people i've personally known with the most money have all been self made. Business sense can sometimes be more important than a technical skill, which can almost always be employed.
Me being a Civil Engineer would be the only known exception to this observation.
I agree, it is lovely to discuss this with you, especially since we hold such opposing views, I would hate it if we all agreed about everything.
yes yes and yes I still agree with all these posts, there is nothing there that I have changed my mind on. Can I ask what you are getting at here?
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.
This has been my experience also. A degree can be a very important tool for many situations but the people i've personally known with the most money have all been self made. Business sense can sometimes be more important than a technical skill, which can almost always be employed.
Exactly. In fact, with a few exceptions, you would be financially better off NOT getting a tertiary education, at least, not full time anyway. The sooner you leave school, the sooner you can begin saving for a deposit. Unskilled labour is so well paid, you have the advantage of starting earlier and compounding your savings. In the 1980s there was a famous/notorious family who lived in public housing in The Rocks in Sydney. They had, collectively, more than 20 family members on unemployment benefits. Eventually they pooled enough money to buy a house in the Rocks, but they all continued to live in public housing and collect unemployment benefits. Rinse. Repeat. By the 90s they were asset millionaires.
And you don't even need business skill. The government of Australia does everything in it's power to make housing a risk free, high return investment. Income tax is so high that you are just better off starting work as early as possible. If you insist on tertiary qualifications, start as a trainee, anything to get those high wages coming in as early as possible, save them and buy houses.
Getting tertiary qualifications in Australia is generally financially ruinous unless you get some useless degree that takes as little time as possible, or possibly a law degree so you can skirt taxation the maximum possible without having to pay for that advice. And it's not like Australia wants or needs people with tertiary qualifications. I'm not sure why we have a skilled migration program, we don't even take advantage of citizens who are silly enough to become tertiary educated, why do we need to bring in people from overseas with qualifications?
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