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Australian property crash

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rusty nails View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 18 Nov 2018 at 11:53pm
Ok,ok one more.
You know another firm whose research you blew up into huge pink font?
Wargent advisory?
You know the guy that works from home.
Part time personal coach
Part time buyers agent
Part time international economic modelling genius...

You fcucking retard.........
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 12:34am
Originally posted by maccamax maccamax wrote:

Originally posted by rusty nails rusty nails wrote:

Goes to a lot of effort for a troll.

Interesting that you don’t take his claims of $500B carnage seriously.
You obviously think he’s a lot smarter than I do.
Not that there’s anything wrong with being a middle aged stablehand....

            I have full faith that Doc is a very cluey gentleman.

He's not trolling , just keeping the meter ticking.     I post a lot of crap for the same reason as does PT & others at times.

TBV members in the main are great. The Posts reasonably consistent and most aren't offensive.

It hurt me when AFROS , virtually accused me of being a sex maniac .
How I wish . I haven't scored since 28th November 1998 at about 10.20 pm .
    Ive only got 10 days to avoid a China or Platinum experience.

HOLD THE PHONE macca!!!

I think you have been cheating on your homework, either that or every time you read one of my posts, you start thinking of Melania! - its ok, she thinks of YOU when she reads my posts too! 

Macca, the new posts that rusty can't understand, are a REALITY CHECK.

If there are NO CHANGES TO TAX LAWS ... IE, NO CHANGE OF GOVERNMENT ... YES, it's steady as she goes, no alarm bells, the predictable cycle keeps on rolling!Big smile

HOWEVER, the fox in the hen house is the notion that the ALP/Greens gain power, and do what they have promised ... CHANGE THE WAY THAT NEGATIVE GEARING IS APPLIED, and REDUCE THE CGT CONCESSIONS.

IN THAT CASE, The $500 Billion LOSS TO THE VALUE OF RESIDENTIAL PROPERTY VALUES over the next 10 YEARS IS REAL.Ouch

This reduction in value of every house, townhouse or unit, CAN NEVER BE RECOVERED.

It will affect the 70% of the population who own those properties - that is why rusty and the other Housos don't care!Tongue ... they don't have a dog in the fight, but you and I and our heirs all do!

THOSE LOSES ARE A GIVEN - THE ALP HAS CONFIRMED THAT IT WILL CAUSE A "SMALL" LOSS - You know what their "small" losses are like!

ON THE ALP's "BEST GUESS", it would be a 2% immediate drop in values, with ensuing0.49% p.a. deceleration of capital growth - doesn't sound like much, if you don't appreciate the power of compound growth - the estimated cost was 10-15% of the values of properties ... BUT, that was 3 YEARS ago when we were in a BULL PROPERTY MARKET.

Most experts (not rusty though) concede that NOW WE ARE IN A DECLINING MARKET the LIKELY LOSS and DECELERATION of CAPITAL GROWTH rates will be higher, and will result in a much higher compounding loss - I don't think anyone knows what that could mean so far as rates are concerned, but if 2% capital decline turned out to be 5% decline, and nothing else changed, the loss would be 20% or A TRILLION DOLLARS. If that was combined with a future growth reduction by say 1% pa, then the losses would be over 30% or $1.5 TRILLION.

macca, this is purely the proposition when considering the reduced future value of these assets - so the average Muslim family in Bankstown with a modest $1 million home, could lose $300,000. The average punter Australia wide, with their only asset a home worth $650,000, stands to lose nearly $200,000. 

Again, no big deal to the Welfare parasites, but a lot of people have their retirement funds tied up in the value of their home ... they will be needing welfare much sooner.

... and this does not give any consideration to the decline in the building and associated industries that will follow, the job losses, the lack of new rental stock, which will push rents much higher, and the virtual guarantee of recession ... and this time there is no WAR CHEST OF FUNDS for THE ALP to piss up against the wall - we will be FCUKED!Dead

These ALP Policies are simply toxic ... they ARE the sleepers that WILL turn the election in the Government's favor - along with the "self-funded retiree tax" - it will be a "Grey Wave"! ... remember who told you first (me - 3 years agoWink).

This is real. We can't allow The ALP/Greens to carry out their threat of ECONOMIC TERRORISM - it will be a disaster.

#nevershorten
 
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 12:51am
Hey dummy!

Pay attention, I gave you the easy one first.

You said CGT was easy to avoid, why will reducing the concession change anything.

Hey dummy, you don’t understand what grandfathering is ?

Nothing changes for existing investors,nor for investors of new stock with regards to either cgt or neg gearing.

The problem you have,is you clutch at quotes from nobodies,who release “studies” they pray will be picked up in the media to expand their businesses that sell products to aspirational,poorly educated wannabe investors like yourself.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 12:54am

Sorry rusty, since I started talking about this, it looks like ALL of the experts are getting on board with me ... but not you?Shocked

I don't agree 100% with what John Symond says, and I think he still understates the potential damage, but he gets the idea.

#nevershorten

Don't be like CNNPT ... it actually takes a person with character to admit when they are wrong ...

Labor’s negative gearing plan to hit like a bomb: John Symond

Labor’s negative gearing “hand grenade” could tip Australia into recession, mortgage broking pioneer John Symond has warned, amid calls for the opposition to reform its “sledgehammer” grand­fathering policy to prevent wealthier investors accessing the tax break.

Mr Symond, who transformed the Australian lending sector in the 1990s when he founded Aussie Home Loans, has again waded into the high-stakes property investment debate as concerns mount about the health of the $1.6 trillion housing market.

Labor will limit negative gearing to new dwellings if it wins government but Australians who already access the tax break for their existing investment properties will still be able to do so.

“I don’t care whether it was Liberal, Labor or the Greens, if they come out with such a radical move that could tip the economy over, I’ll be outspoken,” Mr Symond told The Australian.

“I appreciate that they say they’ll grandfather existing investors, but the unintended consequences would be astronomical.

“I am concerned that it would do so much damage — unemployment, higher interest rates — it could tip us into recession.”

Auction clearance rates at the weekend were below 45 per cent for the third week in a row amid falling house prices, concerns about the federal election and as banks restrict credit.

Labor says its policy will ease pressure on the federal budget while encouraging the development of new housing and create a more level playing field for first-home buyers.

Mr Symond said grandfathering negative gearing would help first-home buyers get into the market but would “hurt the vast majority of Australians” who ­already own a home because property prices would fall.

“Every home through every street will be impacted. You’ll have tens of thousands of people in negative equity. Bank balance sheets will be whacked and so funding costs will be higher.

“Banks will lend less, banks will earn less, share prices will fall and it will impact superannuation fund returns,” he said. “It will be a nuclear bomb. There will be very little incentive for people to get into property.”

Negative gearing allows Australian property investors to write off losses against their total income, thereby lowering their tax bill. The most recent official figures, for the 2016 financial year, showed landlords lost a collective $12 billion.

Labor also has plans to halve the capital gains discount for owners of houses that are held longer than a year from the current 50 per cent to 25 per cent.

Josh Frydenberg said opposition Treasury spokesman Chris Bowen was refusing to budge on his negative gearing policy “despite the widespread criticism from economists and property ­analysts of Labor’s plan”.

“He can’t have it both ways claiming the policy was right when housing prices were rising and now claiming it's a perfect time to introduce the policy as prices are falling,” the Treasurer said.

“Its time Labor abandoned its negative gearing changes, which for people who own their own home will see it worth less and for those who rent their home end up paying more.”

After calling for negative gearing to be overhauled in 2014 amid surging house prices, Mr Symond has criticised Labor’s proposal over the past three years while arguing that the tax should be ­reformed as part of broader tax policy changes.

“Aussie John Symond has adopted more positions on negative gearing than the Kama Sutra,” Mr Bowen said.

“He was against reform, then he was for reform; now he’s against it again. He needs to be held to ­account for his many and different views on negative gearing.

“Labor wants to level the playing field so all Australians can ­aspire and realise the dream of owning their own home.”

Assistant Treasury and Fin­ance Minister Zed Seselja yesterday said house prices had already fallen enough and there was “no doubt” Labor’s policy would “drive property prices down further”.

“It could affect tens of thousands of jobs,” Senator Seselja told Sky News. “They should abandon it. It’s already playing into pessimism about the broader economy.”

About 1.3 million Australians own loss-making investment properties, and about three-­quarters of all landlords lose money on their properties. A decade ago, hardly any property ­investors made rental losses.

Meanwhile, the fastest-growing segment of the investment property market is landlords who own five or more properties. The rate of negatively geared property also increases among Australians with higher incomes.

“Negative gearing has been very popular and generous to everyone,” Mr Symond said. “But there are ways to improve negative gearing to make it more fair. High-earning people, such as myself, using negative gearing should be pruned back.

“The government should put a cap on how much you can claim. You can fix it without blowing the economy up. You can still incentivise people who most need the tax incentive so they don’t rely on the public purse in later years while cutting back on the people who can afford it.”

The call to shift wealthier investors out of negative gearing comes as Tax Institute senior tax counsel Bob Deutsch warned that Labor’s proposals would still allow wealthy owners of several properties to benefit from tax breaks for interest expenses on a portion of their investments.

This is because an entire portfolio of properties or shares is subjected to the policy, which allows investors to mix and match investment losses on different assets depending on how successful the investments are.

House prices nationally have fallen by about 5 per cent from their peak under the Morrison government because of restrictions on investor lending and risk­ier loans and as banks more stringently apply responsible-lending laws after being shamed for loose standards at the banking royal commission.

House prices have fallen more steeply in the Sydney and Melbourne markets, although a 20 per cent fall would leave property prices at 2016 levels.

Sydney house prices have doubled from a median $500,000 in 2010 to $1 million this year.

SQM Research managing director Louis Christopher last week warned that property prices could fall 30 per cent under Labor’s plan.

REPORTER
Michael Roddan is a business reporter covering banking, insurance, superannuation, financial services and regulation.

https://www.theaustralian.com.au/news/nation/labors-negative-gearing-plan-to-hit-like-a-bomb-john-symond/news-story/8e073d5d720abd16eae4e4ff12800f20
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 12:55am
DOC .   I understand, however, even that pathetic lot, Labor & Greens can't afford to keep that promise ( as usual ).
   They would sink for income if they change too much in the Building industry.
All this crap about cheaper housing has done the rounds regularly for more than 70 years.       You gave the tip to only consider the solid areas & named them .
My advice to Family is = Don't sell =   Capital appreciation will continue to ride the waves over time , no matter who is in Government .
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 1:11am
Originally posted by maccamax maccamax wrote:

DOC .   I understand, however, even that pathetic lot, Labor & Greens can't afford to keep that promise ( as usual ).
   They would sink for income if they change too much in the Building industry.
All this crap about cheaper housing has done the rounds regularly for more than 70 years.       You gave the tip to only consider the solid areas & named them .
My advice to Family is = Don't sell =   Capital appreciation will continue to ride the waves over time , no matter who is in Government .

Sorry macca - your assumption is wrong - they are Socialists, and this is a red-hot "Socialist policy of Envy" - they are standing on their new found "culture" of not changing - that's why they are stuck with Bullgelati Bill, when they would have loved to change him for the Muslim Terrorist, had he survived the shooting!  ... if people vote for them, they will call that the mandate they needed, they will go ALL IN!

They still don't understand the ramifications themselves - all they see is $32 billion going into the coffers, to employ more Social Justice Warriors in the Public Service.

This is a genuine time that the downside will be very bad, and impossible to recover in a generation ... trust me, they can't be trusted! Dead
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 1:43am
The last thing I want is a Labor /Greens Government.

Point Of Interest =
As long as your profit is $500,000 or less if you are married and file jointly or $250,000 if you file a single return, your entire capital gain is excluded from taxes. To take advantage of this, you don't even have to reinvest your sale proceeds.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:15am
I'm not a tax expert, and I'm not a seller, so I'm not current on the CGT rules ... but that doesn't sound right to me macca?

Please explain.

Sounds like it might be for a different kind of asset?
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:20am
Originally posted by Dr E Dr E wrote:

I'm not a tax expert, and I'm not a seller, so I'm not current on the CGT rules ... but that doesn't sound right to me macca?

Please explain.

Sounds like it might be for a different kind of asset?

          I just googled it up ,     It may be for Iceland .

     I surrender ...   It is time Bed     ( Without Melania )
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 8:05am
Originally posted by rusty nails rusty nails wrote:

Hey dummy!

Pay attention, I gave you the easy one first.

You said CGT was easy to avoid, why will reducing the concession change anything.

Hey dummy, you don’t understand what grandfathering is ?

Nothing changes for existing investors,nor for investors of new stock with regards to either cgt or neg gearing.

The problem you have,is you clutch at quotes from nobodies,who release “studies” they pray will be picked up in the media to expand their businesses that sell products to aspirational,poorly educated wannabe investors like yourself.




Hey dummy!
Still no answer?

Cutting and pasting a hit job from uncle Ruperts stable is just a plain dumb response.
Every time I ask for a rational explanation, you cut and paste some one else’s opinion.

Pop quiz who knows who John Symonds is?

The guy who hosts fundraisers at his home for the Liberal party!

He also holds these views on the subject.........

https://www.macrobusiness.com.au/2017/03/aussie-john-pretends-to-backs-negative-gearing-reform/

Cmon Dummy,
Should be easy to answer!

In your words not someone else’s!

BTW any guesses on Bushy’s qualifications yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 8:08am
Originally posted by Dr E Dr E wrote:

I'm not a tax expert, and I'm not a seller, so I'm not current on the CGT rules ... but that doesn't sound right to me macca?

Please explain.

Sounds like it might be for a different kind of asset?

Hey dummy!

This is the problem,you’re not an expert, but pretend you are.

Hint: CGT applies across the board dummy!
No thresholds for any assets.....
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 8:58am

Small business 15-year exemption

No assessable capital gain when selling a business asset that has been owned for 15 years and you're aged 55 years or over and are retiring. Also applies if you're permanently incapacitated.

Small business 50% active asset reduction

Reduce your capital gain on a business (active) asset by 50%.

Small business retirement exemption

A capital gain from the sale of a business asset will be exempt up to a lifetime limit of $500,000. If you're under the age of 55, you must pay the exempt amount into a complying superannuation fund or retirement savings account.

Small business roll-over

Defer you capital gain on a small business asset for a year. Under this method, you don't include the gain in your income until a change in circumstances causes a CGT event to happen which 'crystallises' the gain. For example, you don't buy a replacement asset within the required time or you sell the replacement asset.

What to do...

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:19pm
That rings a bell ... as I said, the rules are of no relevance to me at present - holding all assets at present ... besides, I pay an expensive Accountant and a Financial Planner to sort through that stuff and get it right ... unlike rusty who gets financial advice from the local Butcher, and political opinion from the local Hairdresser!Wacko

Thank's Whale!Thumbs Up
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:24pm
Hahaha

Sure you do dummy!

I bet you pay heaps more than the rest of the track riders for financial planning.....


Still can’t work out why Armageddon is coming, with a lower concessional rate of CGT that you say is easily avoided?

Looking for more vested interest opinion pieces again?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:26pm
Hey dummy,have you forgot to guess what qualifications your expert mate Bushy has?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:45pm
Hey dummy?

Should we just agree you don’t know and move to question 2?

BTW, remember this guy?
He’s the one you quoted in huge pink font predicting 30% losses.

Read this, the proposed changes seem to be pretty low in his analysis of market risks....
Certainly not worthy of the hysterical ranting that you have attributed to him.....

https://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/89622-sqm-s-louis-christopher-disappointed-with-60-minutes-editing.html
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:50pm
Hey Doc, do you need a calculator to do your taxes. This fabulous Joe Hockey special always adds up to your favorite number...Eleventy

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 2:52pm
... and as I mentioned previously Whale, the "Mum and Dad" investors, who really can't afford the cost of expert advice, are the ones who suffer.

The big end of town, the truly rich, who the ALP have conned their base to believe they are "punishing" with these "policies of envy", will be the least affected.

As always, they are more easily able to restructure their assets to get the best tax outcomes ... and if they divest from residential property, just who will fund the houses and apartments for the 250,000 migrants and 50,000 refugees that the ALP/Greens will be ushering in? ... taxpayers?

The poor old Nurse and School Teacher, who are battling to pay a mortgage and buy one investment property, so they can avoid being a drain on society in retirement, will get hit twice, as they lose capital value on their home and investment property ... small business owners, who invest in a property to supplement a very small superannuation balance, are even harder hit, and will end up drawing welfare from the taxpayers sooner - and who's paying for that again?  Dead
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 3:30pm
Frightening to think 50% of Buildings are now Apartments .
Despite reduced house floor measurements we are still 2nd largest in the world ( to the USA .)
Many are supporting Doc's latest fears should labor get in , I think the likes of (Aussie Symonds) have a vested interest.    They don't want Labor elected either.
All Interesting stuff , Time will tell , don't hold your breath for any sustained price falls .
     
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 3:50pm
Macca, the change in physical house sizes is a reflection of household occupancy numbers.

1911, the average household was 4.5 people.

2016 that figure was 2.6 people, and the trend is down.

24% of Australians live in single person households, and that is trending up.

So accordingly, developers are building to accommodate those trends.

I don't think "Aussie" John has a "vested interest". He has made just as much money over the past 25 years, regardless of who has been in power. Mark Bouris, who has also bagged the ALP, is the same.

However, if the economy is raped by the ALP, he will be like everyone else - a rape victim!Dead

The Lender Mortgage Insurers, who underwrite the equity levels for ALL lenders - like QBE rusty - are all very nervous, and face the biggest liabilities! Pinch


In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 3:55pm
The way Muslims breed it will be up to 12.8 soon.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:10pm
Originally posted by Passing Through Passing Through wrote:

The way Muslims breed it will be up to 12.8 soon.

As in parts of East St Kilda.

American's houses are about the same size as ours. The difference is they are 1/3 the price and affordable as they should be, not artificially expensive due to our property frenzy
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:20pm
There is no real evidence of that CNNPT.

As these polygamous "marriages" are only recognised under Sharia Law, they house each wife in a separate property, enabling them to claim every possible welfare payout they can.

Due to inbreeding, there is a recognised high ratio of retarded children in these ghettos, so they claim multiple carers allowances, as well as single parent allowances, rental allowances*, and everything else they possibly can - they have Customer Care people who speak only Arabic, stationed in every Centrelink Office across Bankstown to ensure that they are aware of every possible claim they are "entitled to". 

*Yes, rental allowance too - of course, as these "wives" and their litters are NOT related, they also claim the second and third property as "investments" and get the benefits of negative gearing too! ... so typically, they pay next to nothing to hold $3 million worth of residential property in Bankstown, without having to ever work ... of course, they return to the Middle East for 6 months of each year for taxation purposes, as they have significant property holdings over there as well. 

Gee, if they hear about the ALP's changes to Neg gearing, the ALP could be cactus in Bankstown ... their "loyal" base is actually a bunch of amoral mercenaries!Shocked
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:23pm
Originally posted by Whale Whale wrote:

Originally posted by Passing Through Passing Through wrote:

The way Muslims breed it will be up to 12.8 soon.

As in parts of East St Kilda.

American's houses are about the same size as ours. The difference is they are 1/3 the price and affordable as they should be, not artificially expensive due to our property frenzy

Ummm, you didn't seriously just do that, did you? ... compare the US property market with ours?

Come on Whale, one step forward, two steps backward!Cry
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:36pm
Doc..   Aussie Symons brother owned the most expensive house in OZ some years ago .   Developer around Manly in a big way.

He then went the big stuff in Western Sydnet ( Toongabbie - Blacktown )area.

Like Craig McDermot in Brisbane .   They were deeply in when "Fincorp & Company went under .     Couldn't get the money to finish so went into receivership.     It's a big fall .

BTW = Bill gates has said the world financial crash is certain .   Doc has his support.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:44pm
Again macca, if the ALP's misguided policies were NOT likely to cause an unmitigated economic disaster, I believe that the property market cycle would just carry on its predictable path, in each major city ... correction, plateau, growth, peak, correction, etc.

When you think about it, who, other than the Welfare parasite Housos in society, does NOT have a vested interest in this, at some level?

An ALP Government is a catastrophe waiting to happen to our economy and society, on so many levels.

#nevershorten
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:53pm
Speaking of parasites  you sound like one with your alarmist nonsense Doc. Are you a banker, you sound very invested in the impending "armageddon"  , more so than the average person ?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 4:58pm
Originally posted by Dr E Dr E wrote:

Again macca, if the ALP's misguided policies were NOT likely to cause an unmitigated economic disaster, I believe that the property market cycle would just carry on its predictable path, in each major city ... correction, plateau, growth, peak, correction, etc.

When you think about it, who, other than the Welfare parasite Housos in society, does NOT have a vested interest in this, at some level?

An ALP Government is a catastrophe waiting to happen to our economy and society, on so many levels.

#nevershorten

Ok dummy, we’ve clearly agreed that you can’t resolve why it’s both easy to avoid & catastrophic at the same time.
So we’ll go to easy question number 2.

What happened to the property market in 1985 when CGT was first introduced?

Hey Dummy!
Still not worked out the qualifications of the genius who’s words you’ve been triumphantly colouring in?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 5:00pm
Originally posted by Whale Whale wrote:

Speaking of parasites  you sound like one with your alarmist nonsense Doc. Are you a banker, you sound very invested in the impending "armageddon"  , more so than the average person ?

Can't help myself, close but no cigar Whale.  Big smile
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 19 Nov 2018 at 5:01pm
Originally posted by rusty nails rusty nails wrote:

Hey dummy?

Should we just agree you don’t know and move to question 2?

BTW, remember this guy?
He’s the one you quoted in huge pink font predicting 30% losses.

Read this, the proposed changes seem to be pretty low in his analysis of market risks....
Certainly not worthy of the hysterical ranting that you have attributed to him.....

https://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/89622-sqm-s-louis-christopher-disappointed-with-60-minutes-editing.html


Hey Dummy,
You must have missed this one?
Makes you look pretty silly colouring in his words as well doesn’t it?

#Comprehension fail yet again!
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