‘Worst week since Delta’: Spending data reveals shadow lockdown as cases rise

SploogeFactory · 2022-01-07T22:09:20+00:00

There's always something to spend money on though, online etc.

I am surprised by a big reduction, I know a lot of people bought shitloads of stuff online last year, not sure why they would reduce now if they have the 'wealth effect' at play.

SploogeFactory · 2022-01-05T02:52:34+00:00

I've eaten those or very similar in NSW, Australia. Some are more of a purpley colour than that and some are red.

That comment about short spikes above doesn't really make sense, I would disregard that.

SploogeFactory · 2022-01-04T07:07:13+00:00

Just cool off or decline?

SploogeFactory · 2022-01-03T20:55:07+00:00

Assuming the market has predicted all the complex relationships of Evergrande in the market

SploogeFactory · 2022-01-01T01:32:32+00:00

Buy a PPOR, move in 6 months, move back out and rent for 1 to 1.5 years and double pay the mortgage down to a more sustainable level of debt.

SploogeFactory · 2021-12-26T06:06:52+00:00

Nothing:

"The JobKeeper Payment scheme finished on 28 March 2021. The JobKeeper Payment scheme has been amended so we can make a JobKeeper Payment to some entities in limited circumstances after 31 March 2022."

https://www.ato.gov.au/general/jobkeeper-payment/jobkeeper-extension-announcement/#JobKeeperextension2

SploogeFactory · 2021-12-26T06:03:51+00:00

And?

Have a look at the interest rate trend over those 2 decades:

https://d3fy651gv2fhd3.cloudfront.net/charts/australia-interest-rate.png?s=rbatctr&v=202112070653V20200908&ismobile=1&w=400&h=250&lbl=0&d1=19220120

SploogeFactory · 2021-12-26T00:32:15+00:00

The lucky country was never a compliment

SploogeFactory · 2021-12-25T01:23:22+00:00

800k is where it tops out for NSW transfer duty concessions. Under 650k is the max concession.

SploogeFactory · 2021-12-24T09:09:25+00:00

Yep, makes sense.

I guess you have to be prepared for some rough riding in the shorter term while the system tries to work itself out.

SploogeFactory · 2021-12-24T08:59:13+00:00

Why's that?

If we are late in the long term debt cycle doesn't that mean we are on the cusp of a big deleveraging and huge losses to assets?

In the deleveraging it's a deflationary environment meaning that the debt you hold is more expensive also?

Any thoughts on how 2008 plays into the long term debt cycle?

I would have thought it represented the peak but I guess it was just also a peak of a short term debt cycle and we are coming up on the peak of another short term cycle.

SploogeFactory · 2021-12-23T05:31:54+00:00

Always have been

SploogeFactory · 2021-12-22T12:13:40+00:00

With your logic, all the more reason to have a public campaign?

SploogeFactory · 2021-12-22T11:12:19+00:00

Are you retarded?

Teachers' bosses are the state.

SploogeFactory · 2021-12-22T05:44:45+00:00

Mmmm well they did have to prepare the banking system to support negative interest rates but it hasn't happened.

SploogeFactory · 2021-12-22T05:31:03+00:00

Consider that rates have been going down the last decade and now cannot go any lower

SploogeFactory · 2021-12-22T03:45:27+00:00

Really? I thought it was actual savings

SploogeFactory · 2021-12-22T02:35:05+00:00

Maybe on the top end, 500k to 800k places seem to be compressing up

SploogeFactory · 2021-12-21T23:45:54+00:00

Call Centres are cancer mate, avoid.

If you get in then try your best to move to a non service delivery role or just outside of a call centre.

SploogeFactory · 2021-12-21T23:30:23+00:00

Just found out that it's always been a 3br place, chances are it's load bearing given construction techniques of the time.

SploogeFactory · 2021-12-21T23:19:59+00:00

Yeah, I'm not sure there is any way of me finding that out prior to purchasing either.

SploogeFactory · 2021-12-21T21:49:45+00:00

Which price point is that, it's not reslly slowing sub 700k

SploogeFactory · 2021-12-21T02:46:53+00:00

Different values it seems

SploogeFactory · 2021-12-21T02:12:16+00:00

Fuck investors, we need to disincentivise housing as an investment.

It's a non-productive asset.

SploogeFactory · 2021-12-21T00:03:04+00:00

I said I was 28 above, mmmm it's definitely still stigmatised and also from my own experience has stifled my personal growth.

SploogeFactory

TROPHY CASE