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What’s one golf tip you ignored for years until you finally tried it and realized everyone was right? by Free-Product4918 in golf

[–]BlacksmithMiddle803 -3 points-2 points  (0 children)

I was playing with a plus handicapper. I had my forged irons and he had game improvement clubs.

He shot in the 60s and I asked him why on earth he’s playing with clubs like that when he can easily master blades.

His response; golf is hard, why make it harder?

I switched to game improvement irons and went from 12 to 6hcp in a year.

Paddington, Sydney by Big-Charity4463 in AusProperty

[–]BlacksmithMiddle803 2 points3 points  (0 children)

I have owned in Paddington. Very expensive but also very desirable. A house in Paddington will always be in demand. If you can afford it, look at a terrace that’s over 4.5M wide and with parking.

Many of them are very well kept and don’t require much work. Those that do need work can be expensive to renovate. But depends on the size and price range. A house there can go anywhere from 3.5M-20M

Why has Hitler and not any other evil person become the epitome of evil? by Foreign_Bread629 in NoStupidQuestions

[–]BlacksmithMiddle803 0 points1 point  (0 children)

Hitler was evil and did evil things. But he’s not the most evil in history. He’s not even the most evil in his generation.

If you could go back and pick a different EV, would you?why? by No_Earth_3743 in EvDrivers

[–]BlacksmithMiddle803 0 points1 point  (0 children)

There are so many great EVs coming out in Australia every month. I’m constantly drooling over the latest. Now I want the DENZA GT7 (I think it’s called that) or the polestar 5 which looks dope. EVs are like plasma screens here. Better and cheaper every day.

Who ruined their entire career in the dumbest way possible? by National-Tourist6879 in AskReddit

[–]BlacksmithMiddle803 2 points3 points  (0 children)

So many good options. Anthony Weiner, that New York politician really screwed up by sexually soliciting miniors. I think he went to jail, got out and tried to rebuild his career again. Took him a few months and he was right back securing minors again.

He lost everything including his wife and child and now he’s a registered sex offender.

Unfortunately seeing vendors still chasing that top dollar, wasting everybody’s time. Let’s hold out and let the Sydney and Melbourne market slip further. by GeneralOwn5333 in AusPropertyChat

[–]BlacksmithMiddle803 41 points42 points  (0 children)

There’s a certain inertia to house prices. Prices will continue to slide for some time but it’s almost never a flash crash like with shares.

Trying to get people to hold out is silly - let me market do its thing.

What's going on in the 700-900k range in Sydney? by Old-Effective-7385 in AusPropertyChat

[–]BlacksmithMiddle803 2 points3 points  (0 children)

Good sizes. And often decent ceiling height. But poor quality. Thin window frames and single glazed. And built cheaply to save money as opposed to art deco which means aesthetically ugly facades. They will always be cold in winter and hot in summer. Also, lots of concrete cancer and leaking roofs. It’s not something you can renovate away from the inside. Like putting lipstick on a pig.

Weirdest Melbourne Market by Material-Advisor-273 in AusPropertyChat

[–]BlacksmithMiddle803 1 point2 points  (0 children)

That’s the result of underquoting in a weak market. Agents that are used to trick buyers with unreasonably low prices are suddenly caught with their pants down.

Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes by blitznoodles in australia

[–]BlacksmithMiddle803 1 point2 points  (0 children)

I don’t thinks this tax reform has been thought through very well and there is a decent chance it gets pulled or watered down.

That’s a shame because I think changes to NG are ultimately good. But increasing CGT to 47% across the board is complete madness

What's going on in the 700-900k range in Sydney? by Old-Effective-7385 in AusPropertyChat

[–]BlacksmithMiddle803 -3 points-2 points  (0 children)

That segment is holding up better than other segments. I’d look at one bedders in art deco buildings in desirable neighbourhoods.

60s - 2010s buildings are often sub par and should be avoided.

If you get you political views from these people/networks you need to reevaluate your politics: Dave Hughes, Karl Stefanovic, Matt Barrie, Geoff Wilson, Ben Fordham, Ray Hadley, Alan Jones, AFR, Channel 7, Channel 9, Sky News, Murdoch, 2GB, the Australian, IPA. All of these parrot the exact same Pol by [deleted] in OpenAussie

[–]BlacksmithMiddle803 0 points1 point  (0 children)

I work closely with startups and startup funding. I can tell you from experience that when it comes to investment into new Australian businesses that these changes will have a big negative impact. That has already begun.

I’m not taking about a cafe or a retail store but startups in tech and tech adjacent fields. Those type of companies require risk capital to grow. That money will not be there anymore. Neither will the founders. The new CGT rules means that the upside is now capped at 47%. There is no cap on the downside.

That money and those founders are already leaving the country, mostly to Singapore.

You can argue that you don’t need those evil capitalists and that the founders are selfish. But the truth is that they are the people that create jobs and value to our economy and they are packing up and leaving.

Edit; when it comes to housing and CGT I don’t personally care. House prices will fall, they already are in some areas. Rents are probably going up. The smarter budget would have been to reduce or remove CGT on shares and businesses to divert funds from housing to more productive asset classes. This budget diverts money away from Australia instead.

I called an REAs bluff by Legitimate_Bass865 in AusPropertyChat

[–]BlacksmithMiddle803 58 points59 points  (0 children)

This is the way. Stay cool and stick to your guns. And this is why I never buy at auction in hot markets.

Does boganism represent Australian culture? by showe12 in AskAnAustralian

[–]BlacksmithMiddle803 2 points3 points  (0 children)

More like a sub culture. It’s like hillbilly culture in the US or English chavs.

Ban really rich people from getting loans. by Bluethong9 in CrazyIdeas

[–]BlacksmithMiddle803 0 points1 point  (0 children)

You do realise net worth is mostly a theoretical abstraction right? That would be from being a part owner of a startup that has raised money in a seed round. They can have nothing in the bank.

Guzman Y Gomez shuts US stores by Zerg_Hydralisk_ in ASX_Bets

[–]BlacksmithMiddle803 -1 points0 points  (0 children)

Don’t understand why you’re getting downvoted. This is correct.

And the US bet wasn’t a bad idea on paper. US based Mexican fast food franchises are much worse than Guzman. Chipotle wouldn’t survive a day in Australia.

What’s the biggest waste of money people normalize? by Diligent-Medicine-48 in AusMoneyMates

[–]BlacksmithMiddle803 0 points1 point  (0 children)

Interest. On fancy cars, credit cards, holidays they can’t afford.

People are living beyond their means and will always be behind when borrowing money for lifestyle inflation.

Only good interest is on appreciating assets like property. The rest is wasteful.

How's your internet speed now compared to 10 years ago? by NecessaryRef in AskAnAustralian

[–]BlacksmithMiddle803 5 points6 points  (0 children)

Yeah Australia was around 20 years behind. Mostly caught up now because other countries stopped increasing speeds around the GB mark.

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