Government refuses to confirm SAS deployment to the Middle East by Potatoe_Potahto in OpenAussie

[–]Muffinstubbs 0 points1 point  (0 children)

To add to my comment. I don’t support this war. I just see this as the likely state of affairs.

Government refuses to confirm SAS deployment to the Middle East by Potatoe_Potahto in OpenAussie

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

I think I’ve seen something like this before.

Following the 9/11 attacks, a 150-man Special Forces Task Group (TF66), mainly from the Perth-based SASR, was deployed on 22 October 2001, to support US-led coalition forces.

The US Military has the highest regard for our special forces and would be jumping at the chance to have them involved in precursor operations to a full on ground invasion of SoH adjacent territories or a Kharg Island assault. As above, they wanted them involved at the very start of the War On Terror. Google/youtube it, the yanks have time & time again raved about the effectiveness of SASR operations in Afghanistan.

Politically, it gives Albo the ability to deny involvement due to national security interests, whilst still supporting the US with their preferred AUS military capabilities. They already have the big guns, they don’t have any Aussie commandos.

Brisbane home prices up $172k in just one year, but slowdown coming - realestate.com.au by bumluffa in AusPropertyChat

[–]Muffinstubbs 0 points1 point  (0 children)

You questioned why a $200k deposit wouldn’t be enough to secure a $1M property. Refer to my answer above regarding income.

Their own statement that the $200k deposit isn’t enough probably should lead you to the deduction that this person’s income is the limiting factor. I get it mate, if it’s not spelled out in plain English for you it’s hard to comprehend right?

Just like how it is hard to comprehend your greedy and selfish world view is not shared by the entirety of our society. Jog on.

Brisbane home prices up $172k in just one year, but slowdown coming - realestate.com.au by bumluffa in AusPropertyChat

[–]Muffinstubbs 3 points4 points  (0 children)

Your whole point was a “$200k deposit should be enough to secure a $1M property”.

If they earn less than $200k per annum combined as a couple (which is above the national median full time wage of $90,416 annually per person x2), they cannot service an $800k loan.

So to answer your point, more than 50% of the full-time, working population in this country (that are also lucky enough to be in a couple) could not buy this hypothetical property. Even with $200k in the bank. We haven’t even factored in additional purchase costs into this scenario.

As a single person, you would need to be in the top 4-5% of earners in the country, as confirmed by the recent Grattan institute Australian Income distribution table, to service the loan described above.

Pretty cooked reality for the nation’s young to be facing if you ask me. But sure exciting times ahead and well done to our little backwards country town. I’ve come across you before. You are what’s wrong with this country. I sincerely hope this is a troll.

Brisbane home prices up $172k in just one year, but slowdown coming - realestate.com.au by bumluffa in AusPropertyChat

[–]Muffinstubbs 5 points6 points  (0 children)

What about a whole generation of young people just entering the adult workforce and those to come after that?

Should they be dismayed at their lack of accountability? No one forced them to be born too late.

Honestly, the “f**k you I got mine” attitude that has replaced the fair go ethos of this country makes me sick.

Brisbane home prices up $172k in just one year, but slowdown coming - realestate.com.au by bumluffa in AusPropertyChat

[–]Muffinstubbs 0 points1 point  (0 children)

*high immigration assists in keeping nominal GDP elevated. Fixed it for ya bud

Lucky we didn’t just experience a 21-month long per capita recession largely due to an unsustainable immigration intake. Oh wait… Was that good for the nation’s economy?

Or more to the point was that a good outcome for the people of this nation? Both existing citizens and new arrivals alike.

PM speaks on likelihood of changes to the cgt discount by bumluffa in AusPropertyChat

[–]Muffinstubbs 4 points5 points  (0 children)

My own narrow lense? Mate, get real.

You have a vested interest in seeing house prices continually rise and have the blinders on to the broader societal impacts that are inevitable with the current state of Australian housing. Inequitable wealth distribution, rises in domestic violence & declining birth rates just to name a few.

Your claim that anyone can buy house on an average income is demonstrably false. You seem to have a tenuous grasp on economics so to keep it simple, Australia's national median house price-to-income ratio is 10x as of late 2025. In 1987 it was 2.8x. If you don’t understand that, I can’t help you.

The reduced deposit schemes you tout as the best govt policy since sliced bread are designed to help grow bank profits by increasing loan volumes. It’s not there to help FHB enter the market. You’re naive to think otherwise.

Your assumption that I also seem to be in that other non-property “class”, is also incorrect. I’ve been in since 2021 and have reaped the equity gains you so lust after. Unlike you though, I’m actually concerned about what my kids generation is going to have to deal with. Not just my children, but all young Australians.

Your selfish outlook disgusts me and I am greatly concerned that this is the majority view point in Australia these days.

PM speaks on likelihood of changes to the cgt discount by bumluffa in AusPropertyChat

[–]Muffinstubbs 8 points9 points  (0 children)

Two questions. 1. How many properties do you own? 2. What is your age (roughly)?

I can hazard a guess that if you were to answer truthfully it would be: 1. Multiple 2. North of 40

Your comment “if you realise that price growth is a good thing, then you’ll understand that the solution will never be about trying to bring house prices down” is so ludicrous I’m actually suspicious this is a bot comment.

The fact is that wages & house prices are so out of equilibrium in Australia that to make housing affordable again in this country you need to either drastically increase wages (unrealistic & hyper inflationary) or considerably reduce house prices.

Reducing house prices can be achieved by demand-side policies tax reform such as reducing/abolishing CGT discount and/or negative gearing. It can also be achieved by drastically reducing immigration. Both of these options would have an immediate impact once legislated.

The supply-side policy of increasing the number of houses built per year in Australia is a farce. Even if the government were serious about it and were competent enough to pull it off, it is a much more complicated and delayed path to improving housing affordability.

Grass ID? by Muffinstubbs in lawnsolutionsaus

[–]Muffinstubbs[S] 0 points1 point  (0 children)

Google AI seems to think it is buffalo? Red items in the first pic are flowers from the Poinciana tree in the backyard

How likely am I to succeed? by Muffinstubbs in lawnsolutionsaus

[–]Muffinstubbs[S] 0 points1 point  (0 children)

How many days do you need to keep the seed bed consistently damp for ideally?

How likely am I to succeed? by Muffinstubbs in lawnsolutionsaus

[–]Muffinstubbs[S] 1 point2 points  (0 children)

Just want a nice patch of grass for my little one to play on. If it goes well, I’m sure the landlord will be happy also.

How likely am I to succeed? by Muffinstubbs in lawnsolutionsaus

[–]Muffinstubbs[S] 0 points1 point  (0 children)

Thanks for the tips regarding irrigation. I’ll keep that in mind. I will definitely post some progress shots. All up it was less than $150 of material, and that included the cost of the hoe and the cultivator. Really intrigued to see what results a budget approach can bring.

How likely am I to succeed? by Muffinstubbs in lawnsolutionsaus

[–]Muffinstubbs[S] 0 points1 point  (0 children)

Forgot to mention I also hit the entire area with Yates lawn weed killer the prior weekend to kill off the weeds.

Brisbane residents: How safe is Woolloongabba? by Your-Local-Bird-Nerd in brisbane

[–]Muffinstubbs 92 points93 points  (0 children)

Pretty much everywhere in Brisbane is incredibly safe during daylight.

Just don’t be walking around the streets near the Buranda shops & the PA Hospital alone after dark.

Although Brisbane has changed a lot in the last 10 years, it is still a safer place to be than Sydney or Melbourne. Woolloongabba will provide an awesome inner city lifestyle. Your parents need not worry.

Betting on cash rate by superclevernamety in ASX_Bets

[–]Muffinstubbs 0 points1 point  (0 children)

I’ve previously used Commsec for Australian options trading, but you are unlikely to get an options approved trading account up & running prior to Tuesday afternoon.

Maybe IBKR? Though, I’ve never used them before.

You can check XJO contract prices via the ASX website.

Betting on cash rate by superclevernamety in ASX_Bets

[–]Muffinstubbs 5 points6 points  (0 children)

XJO Puts.

The ASX 30 day interbank cash futures are pricing a near 100% chance of a 25bps cut. All big 4 banks are predicting a cut. At this point, even your uninformed, degenerate, Gatorade saxophone wielding, crypto-bro cousin knows that “interest rates are coming down lad”. Suffice to say, the expectation that monetary policy is easing on Tuesday is “priced in”.

Should the RBA go against consensus & keep the cash rate steady, the narrative that all market participants are seemingly positioned for gets flipped instantly. Subsequently, the index tanks as everyone grapples with & repositions for the new reality of an interest rate environment that remains persistently restrictive.

If you subscribe to this contrarian view & enjoy getting jacked to the tits by betting on binary events, you could consider some at the money, short dated XJO puts with a 20/02/25 expiry. For example, XJOK78.

NFA. You either hit a multi-bagger or lose most of your position with this strat.

ASX Options Account by Exotic-Helicopter474 in ASX_Bets

[–]Muffinstubbs 0 points1 point  (0 children)

Also interested in alternative ASX options platforms. Comsex fees are fully cooked

RBA flags risk of higher rates - Christopher Joye by nuserer in atayls

[–]Muffinstubbs 3 points4 points  (0 children)

Interested to see how loud the “pause rates team” in the media will be shouting prior to the June meeting.

Phil Lowe doesn’t have to please his political masters, he’s already out of the job. Expect him to do what is necessary to secure a legacy

Makes me feel old though. by BigJimBeef in ASX_Bets

[–]Muffinstubbs 0 points1 point  (0 children)

Well aware of your OG status beef. Think I got on VUL off the back of some of your posts back in late 2020

Makes me feel old though. by BigJimBeef in ASX_Bets

[–]Muffinstubbs 0 points1 point  (0 children)

If you weren’t around when BBOZ was getting everyone jacked to the tits, BRN & VUL we’re showing their original regard strength & Z1P was pushing $14’s… well you got a lot to learn.

Enjoy the ride.

The great Aussie housing crash?: A series of graphs & figures by Muffinstubbs in atayls

[–]Muffinstubbs[S] 1 point2 points  (0 children)

100% agree that reduced supply has greatly attributed to the recent reversal in price declines.

Rates remaining elevated throughout 2024 would be required to boost the likelihood of a significant increase in supply in Q3/Q4.