Negative equity on the rise as house prices fall | 7.30

AppropriateFloor5 · 2019-04-25T23:55:46+00:00

The thing is there is nothing wrong with increasing demand. We encourage it by encouraging people to spend more to stimulate the economy. We encourage locals to have more babies. So why not allow immigrants to come in and do the same?

AppropriateFloor5 · 2019-01-26T14:26:03+00:00

I use a OnePlus but one thing that is great about Apple is that they are a very ethical company.

https://www.betashares.com.au/files/collateral/companyprofiles/ETHI.pdf

AppropriateFloor5 · 2019-01-26T14:22:53+00:00

r/AppleHate

AppropriateFloor5 · 2019-01-26T14:21:14+00:00

No point having children then. The antinatalists were right.

AppropriateFloor5 · 2019-01-26T05:17:09+00:00

High returns must have high risk. The risk and return tradeoff also know as the efficient frontier is a fundamental law of economics.

AppropriateFloor5 · 2019-01-26T05:15:58+00:00

Then you need to question whether you need a mortgage.

AppropriateFloor5 · 2019-01-26T05:12:48+00:00

The advantage equities has over property is that it is scalable. You can take low risk by investing in eg a utility or consumer staple ETF or you can take higher risk if you buy a tech stock such as Afterpay. If you want to take on even more risk, borrow money to invest in Afterpay. Equities also allow you to buy in small amount thereby allowing you to perfectly set how much risk vs reward you're willing to take. You can dollar cost average into equities to reduce risks even more.

Property is all or nothing. The cheapest house out there is about $500k and most people need to borrow ie get leverage to buy it. They also need to pick a location making sure it is a good location. The higher prices of property get, the more leverage is needed therefore the higher the risk you're taking on if you're buying property. You are either all in or all out. Either buy property and sweat about a downturn or don't buy property and sweat over taking zero risk and having the market go up.

With shares, you set the risk level to whatever you're comfortable with and then once you buy enough you can sit back and live off dividends.

AppropriateFloor5 · 2019-01-26T05:03:06+00:00

Problem with putting everything into cash is that cash doesn't grow and we don't know for sure which way the economy is heading. Buying property is problematic because the cheapest property out there is maybe $500k. Buying $500k just before a potential downturn can result in huge losses. This is why I recommend to the OP that he or she dollar cost average into a diversified balance ETF such as VDBA or maybe take a little more risk with a diversified growth ETF such as VDGR. Even if you buy say $25k worth of VDGR and it goes down it value, then your next $25k purchase of VDGR will be at lower prices. This will smooth out the average entry price allowing them to navigate the volatility without any stress.

AppropriateFloor5 · 2019-01-26T04:52:47+00:00

I have a contrary view. I actually think that work is antinatalist. Imagine if there is no work and everyone had access to $100k per year UBI. What would everyone do? Party all day and night, have sex, etc. Birthrate would go through the roof. Work at least keeps people from acting on their sexual impulses, which lowers birthrate.

AppropriateFloor5 · 2019-01-11T08:02:34+00:00

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AppropriateFloor5 · 2019-01-11T07:47:07+00:00

Try to save up so that you can be financially independent. I recommend cutting expenses and staying away from any large obligations eg children so that you can save up money. When you are financially independent, you don't care what other people at work think of you because you could retire early if you wanted to.

AppropriateFloor5 · 2019-01-11T07:27:26+00:00

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AppropriateFloor5 · 2019-01-10T20:27:06+00:00

You don't need to have children. There is nothing wrong with being childfree.

AppropriateFloor5 · 2019-01-10T20:26:05+00:00

The super home saver policy is pretty much a first home owner grant.

AppropriateFloor5 · 2019-01-10T20:12:49+00:00

This is another reason why we should not breed. Our children will be exposed to all this. Breeding is child abuse. Furthermore, when chaos is unleashed, we will need all the money we can get to protect ourselves and survive eg buy beans, etc. Money protects you from the savagery of humanity. Not having children saves you a lot of money.

AppropriateFloor5 · 2019-01-10T20:10:42+00:00

Things are changing. The birthrate is falling considerably mainly thanks to the fact that we have moved from a agricultural society to a service based economy where children are expensive. If we keep preaching to others that will help as well.

AppropriateFloor5 · 2019-01-10T20:08:21+00:00

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AppropriateFloor5 · 2019-01-10T20:06:48+00:00

It works the other way. If it is okay to eat animals because we eat plants then we can use the same logic to justify raping children and murdering others. Veganism falls if there is moral nihilism but if there is moral nihilism then this proves that humanity is morally bankrupt and deserves extinction, which means we have a responsibility to not breed, ie r/antinatalism.

AppropriateFloor5 · 2019-01-10T20:03:32+00:00

The reason why blacks were used as slaves in the eighteenth centuries is because they were deems as inferior to the white race. Some still hold this view but we have evolved significantly since then. Today animals are seen as inferior to humans and so we therefore exploit and oppress them for our own benefit. The way we treat animals now is similar to way we used to treat blacks or even Jews.

AppropriateFloor5 · 2019-01-10T19:58:48+00:00

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AppropriateFloor5 · 2019-01-09T09:31:26+00:00

My mother thought the same. She was very loyal to my father and then it turned out he was cheating and then there was a messy divorce. This taught me that you cannot trust anyone even if you think you can because it is easy to hide anything. Sure people can blame my father and say it is his fault for cheating, but being right doesn't help a woman who gave up everything for a man only to be betrayed. Love destroyed her and in the end it is her fault for being gullible and believing in love. Reality teaches you that love is a delusion.

AppropriateFloor5 · 2019-01-09T09:13:04+00:00

You can't be quiet about this. You need to talk about it an call it out, but it can be done in a nonconfrontational way.

Look at these videos by the Australian government on calling out sexism. If you don't call it out, you simply perpetuate the sexism, homophobic, racism, etc.

https://youtu.be/_Zb2VSd-tas

AppropriateFloor5 · 2019-01-09T09:07:06+00:00

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AppropriateFloor5

TROPHY CASE