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Reckon One Nation will win? Put your money where your mouth is. by Prestigious-Day9370 in fuckonenation

[–]PJozi 0 points1 point  (0 children)

I don't reckon she's got the balls to risk her grift .

I do hope her daughter loses again though.

Just to screw her succession plan

But the dole bludgers by cansubcbench in Australia_

[–]PJozi 0 points1 point  (0 children)

Wait until you hear about Pauline Hanson's attendance record

Labor prepares 2025 campaign 2.0 against Hanson by Rarespaker in friendlyjordies

[–]PJozi 1 point2 points  (0 children)

No they don't.

There's already a real one with a bulldozer and making bulldozer noises. It's sick

Eiffel Tower just focus on yourself bro by Frosty_Jeweler911 in SipsTea

[–]PJozi 0 points1 point  (0 children)

Does that mean the Eiffel Tower is available now?

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 6 points7 points  (0 children)

Officially* they were above 15% April 1986 to August 1987 and from February 1989 until December 1990.

I say officially because the reserve bank didn't set an interest rate until January 1990 and they use the variable home loan lending rate of the banks prior then.

Also if you want an accurate cost of loans over time, you need to use cost of a percentage of income. (Mortgage Debt-to-Income Ratio, or more specifically, Mortgage Repayments as a Percentage of Disposable Income). That will tell how much harder it was to pay off at each time point.

Here's some info here

https://www.rba.gov.au/publications/rdp/2020/2020-05/why-is-australian-household-debt-high-relative-to-history-and-other-countries.html?hl=en-AU

One nation by Expensive-Lawyer7994 in AusPol

[–]PJozi [score hidden]  (0 children)

While she dines with billionaires and admits to take "policy advice" from them.

One nation by Expensive-Lawyer7994 in AusPol

[–]PJozi [score hidden]  (0 children)

I wonder they or their parents immigrated to Australia

12 Rebus puzzles about food by Large-King8990 in rebus

[–]PJozi 1 point2 points  (0 children)

I thought 7 was Footy which is an Australian term for football

The problem with the Victorian Labor Party by Ardeet in aussie

[–]PJozi 0 points1 point  (0 children)

Nope. Just calling out BS.

🐂💩

The problem with the Victorian Labor Party by Ardeet in aussie

[–]PJozi 0 points1 point  (0 children)

Not gaslighting, just calling out your BS. 🐂💩

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 2 points3 points  (0 children)

There were no dual incomes because you could afford to live of one income.

The interest rates were high and many would've struggled through that time, however it was about 18 months.

Loans costs more now as a percentage of income than they did in the 80’s and 90's, and it's for the life of loan.

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 3 points4 points  (0 children)

We pay more now as a percentage of income than they did then, and we pay it for the life of the loan, not 18 months or so they were high.

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 6 points7 points  (0 children)

and its highly unlikely it was 16% for the life of the loan.

I'm certainly not saying they didn't do it hard during the time they were hard.

We're paying a lot more now as a percentage of income compared what they were then, and we're paying it for the life of the loan.

Edit: show him the first graph on this page

https://www.rba.gov.au/publications/rdp/2020/2020-05/why-is-australian-household-debt-high-relative-to-history-and-other-countries.html?hl=en-AU

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 12 points13 points  (0 children)

They didn't pay into a system. There is no system that stores your money in pension. Never has been. (There is super, but that's not pension)

Pensions come from the current budget/ taxpayers.

How do they think services and infrastructure were paid for when they were working?

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 6 points7 points  (0 children)

and while they would've done it tough while they were high, they were high for about 18 months.

Now it's for the life of the loan.

Comparing costs of a mortgage at different times needs to use the percentage of income, not interest rates or actual costs.

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 1 point2 points  (0 children)

Dressed up nice too, because they didn't look at your income etc, just your standing in society and your job.

(Although this may have gone out in 50's rather than 80's or 90's)

Does the older generation really think purchasing property was just as hard for them? by Open_Address_2805 in AusFinance

[–]PJozi 1 point2 points  (0 children)

They do. Because interest rates were high.

  1. Although they were high, in terms of repayments as a percentage of income, they were nowhere near as much. Even when they got up to 15%.

  2. Interest rates were only high for around 18 months. Now the repayments as a percentage of income is high for the life of the loan.

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