What a joke this is really, the biggest mining boom in 100 years, yet they go from owing 3.6 billion in 2008 , to now owing a projected 28 billion. sounds like they used the mining boom profits wisely, just dont tell timmy.
What a joke this is really, the biggest mining boom in 100 years, yet they go from owing 3.6 billion in 2008 , to now owing a projected 28 billion. sounds like they used the mining boom profits wisely, just dont tell timmy.
Massive population growth = much more spending requirements.
And State's have fuck all power in terms of revenue raising.
I sympathise with the WA state govt to be honest.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
What a joke this is really, the biggest mining boom in 100 years, yet they go from owing 3.6 billion in 2008 , to now owing a projected 28 billion. sounds like they used the mining boom profits wisely, just dont tell timmy.
i ve always said government has wasted the boom you fucking moron...
I am the love child of Tony Abbott and Pauline Hanson
What a joke this is really, the biggest mining boom in 100 years, yet they go from owing 3.6 billion in 2008 , to now owing a projected 28 billion. sounds like they used the mining boom profits wisely, just dont tell timmy.
i ve always said government has wasted the boom you fucking moron...
Yes but to that extent timmy, from 3.6 billion in 2008 to a projected 28 billion, we know they have probably underprojected here to make things sound better as always or in this case to make things sound not quite as bad, what should we expect then timmy 30+ billion.
Theres no need to call me a fn moron timmy, I have tried to help and advise people where I can. I am not the one who told you to take out as many no deposit loans as you possibly can and then pay interest only, so dont get stroppy with me now the shits finally hit the fan, It was bound to happen eventually and there have been many warning signs.
I'm just wondering if it would be likely they would stall any infrastructure which has recently been started. Perhaps they could only delay projects in planning.
I'll happily take my $200/oz losses in the gold I own outright than be leveraged into property in Perth these days. Someone will be along soon to say Perth regularly has booms and bust and that all the downturn there is nothing to be concerned about. That is the bull response when the obvious becomes BLOODY obvious.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
I'll happily take my $200/oz losses in the gold I own outright than be leveraged into property in Perth these days. Someone will be along soon to say Perth regularly has booms and bust and that all the downturn there is nothing to be concerned about. That is the bull response when the obvious becomes BLOODY obvious.
you are happy about losses? hahah...
I am the love child of Tony Abbott and Pauline Hanson
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