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High rise living |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Can someone do the research please, and find every media report from the past 40 years that opined that the "Australian Property Bubble was about to Bust" ... you may as well take your advice from rusty or Whale.
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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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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Did you really read past this, and keep a straight face?
"This is absolutely no different to US sub-prime" ... What a load of crap! Nothing that has come out of the RC was not already known and being dealt with or had already been dealt with - just a political plaything of the ALP/Greens, and few desperate virtue signaling conservatives. Again, there is literally ZERO evidence that lending practices are any different than they have been for decades, and there is no evidence of any higher default rates - it is just unfounded hysteria for the sake of it. The thing people should be worried about is the Shorten Induced Recession - will it be another "Recession we had to have"? |
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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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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Old news MrP, and hardly a ripple in lending or property terms - a handful of fraudsters who have been dealt with under the appropriate legislation - less than the Union reps who are being prosecuted as a result of that RC.
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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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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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There really is no end to the stupidity that you spew out constantly.
Remember it was only a few posts ago,where it was explained that whilst APRA may have staff in situ, they clearly have insufficient resources to audit all loans, as you ridiculously asserted. How can you not understand that home loans are only a portion of what they monitor? APRA have 600 employees in total, what’s the total of home loans written each month across the country $30B? At an average loan amount of $350k, that’s 80 odd thousand loans per month to review... Now, you are suggesting, not only are a portion of the 600 APRA employees vetting each individual loan. They are actively engaged in a conspiracy to have loans declined (which they can’t do....) In an attempt to crash the market. You seriously have zero knowledge of what you’re talking about. |
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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Whoops! I was responding to this nonsense ...... Clueless.... |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Hey rusty, you get a star - 600 APRA "permanent" staff is correct
Do you want another? Ok ... how many other resources do they have access to when required?
Oh, and the 4 major banks write $30billion a month you say - are you stupid? Ummm, yes they can and they do direct banks to decline loans, even after approval ... WHAT!!!??? ... you mean you carry on like you know what you are talking about, but you are in fact a feckless fraud! OMG, really!!! Listen, give it a rest rustard, you are way out of your pay grade here pal, and just embarrassing yourself more than the last time I had to school you and make you into my little bitch ... sorry to remind you! Oh well, at least Whale is hanging on every factual error you spew, and backing you in like another of his false favourites ... |
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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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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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Oh dear, poor old Doc proving yet again he’s out of depth in a puddle. Terrific we agree on APRA staffing levels Your next point is nonsense, that’s their staffing level, the load is constant, you make out like when there’s a mad rush that they recruit,train, then employ experts for a short time. You clearly don’t understand managing staffing levels and budgetary restraint. You still don’t understand APRAs role, it’s not only to monitor home lending of the major Banks. You have no idea of the size of the mortgage market,and you call me stupid? Here dummy, a little out of date, but it proves yet again,I know what I’m talking about,and you’re a feckless idiot with a big mouth and no idea.... https://www2.deloitte.com/content/dam/Deloitte/au/Documents/financial-services/deloitte-au-fs-mortgage-report-2017-050718.pdf Ummm no they can’t,and they don’t, they review settled documents, perhaps Bank personnel are making decisions with possible audits in mind,but that’s not nearly the same.as usual. You’re probably confusing it with FIRB approval,if your hopeless record on quoting “facts” is anything to go on ....... If you had any brains you’d be embarrassed for being shown up to be a brainless blowhard yet again. You need another year in 4th grade. |
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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For those who don’t want to open the link
Deloittes did a Mortgage report in 2017 that stated total mortgages written in 2016, $385B (That’s $32B per month for the dummies like Doc...,) |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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'Big Short' investor Steve Eisman just joined those sounding the alarm on rising corporate debt
Steve Eisman, the hedge fund manager famous for betting against the US housing market ahead of the 2008 crash, is sounding the alarm on the spectacular rise of poorly rated debt among corporations. Eisman – who was a central figure in the book, and subsequent film, ‘The Big Short’ – told the Financial Times that the rising stock of corporate debt rated at BBB, just one notch above junk status, is a cause for serious concern. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Are you illiterate? You do know that there were more than 4 banks lending money for mortgages in Australia in 2016 ... don't you ... gee I hope I didn't make you feel stupid(er)? Sorry, I might have to confiscate that star that you worked so hard for ... Ok, Ok, ... but this is NOT for another star, this is to RETAIN the star you have. According to Deloittes, how many mortgage lenders were in the Australian market in 2016? I'm enjoying this, because, although ALL of the data is there and available, you are just too dumb to find the information that is actually relevant, because you can't even understand the question! ... great amusement! |
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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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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Interesting Whale, but a bit of topic. This guy has a good record, and might appeal to rusty - he specialises in finding losers.
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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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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Actually rusty, I must apologise!
Upon reflection, not ALL of the stuff that I have commented on can be found in the public domain by accessing websites. You are unlikely to find confirmation that APRA staff are working in the assessment area of the major banks and carrying out audits of approved loans prior to settlement. Nor would the fact that they have seconded other resources to do this - as a direct response to the BRC "findings" - or as I call it overreach and bureaucracy gone mad. No, the embarrassment of APRA, as a result of the BRC, has seen this response, however, the media reporting is that the banks are not lending. I know the facts, as I have direct dealings with people in the industry - you could not possibly be aware of it - but on the other hand nor could you credibly deny it like an idiot, as you have - so do pull your head in stupid, you know nothing about this stuff, as much as you troll the interweb and pretend that you do.You just make yourself look more childish with every unsubstantiated denial.
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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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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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Nice straw man argument.
Love the way you’ve gone from Pimply faced losers employed by APRA actively conspiring to decimate the property industry by auditing ALL loans by Banks. To declaring victory by changing your position that APRA has staff in situ carrying out audits. Not really the same is it ..... |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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APRA investigates all banking practices the same way building inspectors check all high rise buildings, they may have the power to do so but have nowhere near the time
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 37181 |
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Exactly the same as the mods on TBV. Not enough resources to keep up with the ramblings of the likes of Whale. Just as well too I’d suggest
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Refer ALP Election Promises
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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Good stuff oneone. You cleared that up. I thought Whale was the No1 Mod. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Please feel free to advise them of any transgressions worthy of a suspension
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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So you admit that you have no idea then - that's all that really matters, that you return to reality and stop kidding yourself.
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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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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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So you don't know anything about building or banking ... I'm shocked!
Please, Whale, you probably know more than rusty, but that would still only mean you know how to spell "bank" - stay in the wading pool, there is nothing more embarrassing than to see a Whale drowning. |
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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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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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The world according to the Doc... Promotes a ridiculous theory about APRA staff conspiring to destroy the property market, so they can get a foothold in the market. Gets called out on it. Screams and yells that no one else knows what he does. Changes his position, reducing his claim to about 1% of what it was. Declares victory in his usual ridiculous manner.... #Sad |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Ummm ... since EVERYTHING YOU SAID WAS PATENTLY UNRESEARCHED LUDICROUS OPINION, AND WRONG, I don't need to declare anything ... you do it all for me ... thanks again! Here's a suggestion, why don't you create a thread, where you can discuss things that you have actual real world experience and knowledge ... I know it will be limiting, but at least you won't have to frantically cut and paste crap that is irrelevant to the thread to try to fool people into thinking you have a clue!
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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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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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The self appointed industry expert theorises about APRA employees conspiring to decimate the property market,and screams in caps about others patently unreasearched posts......
The mind boggles Someone has lost touch of reality. #Sad wannabe expert |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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They did a great job with the Opal Towers
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Do you know how certification works in NSW Whale? ... maybe you could explain it to us all ...
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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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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Quick! ... before rusty does!
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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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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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I know how it is supposed to work but doesn't and a lack of proper regulation control Are you telling me that no inferior materials, slipshod workmanship gets through
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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and of course there wouldn't be any money exchanging hands for favourable outcomes
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Is this how it works Doc, you really are clueless
Sydney apartment owners face $12.5 million bill to remove flammable cladding How Building Panels Fuel High-Rise FiresEXCLUSIVE Hundreds of apartment owners in an inner-city development have been told they may have to cough up $45,000 each in special levies to cover the estimated $12.5 million cost of removing and replacing 10,000 square metres of potentially deadly flammable cladding. Residents of The Quay in Sydney’s Haymarket are mulling over whether to proceed with legal action in the Supreme Court of NSW against builder Parkview Constructions and Chinese developer Ausbao for a major defect claim. The owners corporation held an extraordinary general meeting this week to go through the options. One owner, who asked not to use his name, said he didn’t bother going to the EGM because he had “lost faith in the system”. “Everyone blames everyone else,” he said. “The lawyers get rich as we wait years to go to court.” The Quay, a 282-unit, mixed-use development built on the site of the old poultry section of Paddy’s Market in Chinatown, is one of 435 identified as “potentially high-risk” by the NSW government’s Cladding Taskforce earlier this year. |
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11392 |
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Can’t wait to hear the “experts” view on this There’s obviously a conspiracy theory involved, tell us all about it Doc, I’ve literally got a dozen mates hanging on every word you shriek. There is some debate amongst us,whether you’re actually a clever performance artist, or just the frothing loony wandering the streets in his soiled adult diapers,that you portray on these pages daily. Obviously, IMO it’s the latter. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Not that I don't trust you when you go off on one of your irrelevant rant Whale, but ... source?
Quick, before rusty tells us it doesn't matter if your asset loses $45k in value for no good reason! |
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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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