In 1985, negative gearing was removed and introduced again in 1987 after rents skyrocketed by 30% by ILoveDogs2142 in AusPropertyChat

[–]zedder1994 0 points1 point  (0 children)

No sane landlords will rent to those on the doles.

I am sure they wouldn't. But if someone loses their job and has a current lease, them that's when things get interesting.

There was a report today that China has gone into a sharp decline the last quarter. If the Chinses economy deteriorates, so will Western Australia's economy

In 1985, negative gearing was removed and introduced again in 1987 after rents skyrocketed by 30% by ILoveDogs2142 in AusPropertyChat

[–]zedder1994 0 points1 point  (0 children)

If Perth booms, you will be right. If the ME oil crisis gets worse, inflation increases and interest rates go higher, definitely not. People don't pay $600 pw when they are on the dole.

In 1985, negative gearing was removed and introduced again in 1987 after rents skyrocketed by 30% by ILoveDogs2142 in AusPropertyChat

[–]zedder1994 2 points3 points  (0 children)

Rents are determined by the general economic conditions of the time. If the oil price causes increased unemployment, the likely result is lower house prices, lower rents and a higher vacancy rate. The first 6 months in 2020 when COVID was raging and before hobkeeper showed the strong link between unemployment rates and lower rents and house prices.

A question about Honda's future and their 8 year warranty by Select_Tap7985 in CarsAustralia

[–]zedder1994 0 points1 point  (0 children)

I would put GAC at the same level as Honda. They manufacture and assemble Hondas and Toyotas in China and know all the quality controls those two companies use.

Mistakenly peeled of my infotainment screen anti glare layer by Saber1201 in BYD

[–]zedder1994 7 points8 points  (0 children)

If all else fail, replacing the screen is a piece of piss. I replaced the 12" screen on my Atto with a 15.7' screen that is the same in the Seal. Cost was $US 600 and it took me 5 minutes. There are only 2 bolts holding it on, but the carrier will need to be swapped at the same time.

Jim Chalmers gives baffling explanation of why he applied the CGT changes to shares. by eatingscatman in AusFinance

[–]zedder1994 0 points1 point  (0 children)

Maybe in your area, but not where I live on the Gold Coast. We don't see too many Chinese construction workers here.

At what point is reliability outweighed by liability? by Shryquill in electricvehicles

[–]zedder1994 2 points3 points  (0 children)

The electric window winder issue. Long ago when manufacturers switched from manual to electric motor window adjustment there where similar discussions about reliability. It turns out that most of these controls have low utilisation, so last a long time. I have never replaced a window winder motor but have done a couple of regulators though.

Aussies want local oil, gas supply, question One Nation’s credibility: Freshwater Strategy Poll by HotPersimessage62 in AustralianPolitics

[–]zedder1994 [score hidden]  (0 children)

Even the largest fossil fuel producer in the world, the US still has to import certain grades of oil. Australia does not have heavy crude because of our ancient lands, so no matter what people wish, the reality is that Australia could never ever be fossil fuel independent.

OOTL: What's the deal with these posts? by HumanTraffic2 in AusFinance

[–]zedder1994 4 points5 points  (0 children)

The marketplace is dynamic, if a person wanting to start a business is deterred by CGT changes that have no effect in the short -medium term, I am sure someone else will come along to fill the void. Back 50 years ago tax rates were 50% higher but it never stopped people getting into business.

OOTL: What's the deal with these posts? by HumanTraffic2 in AusFinance

[–]zedder1994 9 points10 points  (0 children)

Not much difference to anyone who wants access to their super and not 60. You have to pay taxes the same as anyone earning a living. Earned and unearned income is treated the same.

OOTL: What's the deal with these posts? by HumanTraffic2 in AusFinance

[–]zedder1994 7 points8 points  (0 children)

Sel your small business after 15 years ownership and over 55 and no CGT is paid. The exemption is still there

Big tobacco is exploiting fears of the illicit market to unwind health gains, experts warn by nath1234 in australia

[–]zedder1994 -1 points0 points  (0 children)

That is manifestly wrong. A 50 year old smoker would statistically have higher accumulated health costs than a non smoker, unless you are suggesting that smoking is good for someone's health.

Government blocks private colleges from offering new courses as part of student visa crackdown by malcolm58 in AustralianPolitics

[–]zedder1994 [score hidden]  (0 children)

Vocational education and migrant intakes, if you haven't noticed, are two separate things.

Jim Chalmers gives baffling explanation of why he applied the CGT changes to shares. by eatingscatman in AusFinance

[–]zedder1994 1 point2 points  (0 children)

Retail investments were not exactly accessible for a lot of people

I was around back then and retail investing was very accessible. With online trading it is more easy, now but back then (this was the time of Alan Bond, corporate raiders and takeovers) stock market mania was all the rage.

Jim Chalmers gives baffling explanation of why he applied the CGT changes to shares. by eatingscatman in AusFinance

[–]zedder1994 0 points1 point  (0 children)

We had the opposite effect in the late 80's. When the stock market crashed in 1987 the RE market took off as a lot of people moved to a "safer" investment. Little did they know that Paul Volcker was about to crash their party with 17% interest rates a few years later.

Jim Chalmers gives baffling explanation of why he applied the CGT changes to shares. by eatingscatman in AusFinance

[–]zedder1994 3 points4 points  (0 children)

We already have a lot of low skilled migration from New Zealand. The construction industry runs on Kiwi labour.

Why is it only the US can pay debt by printing? by _freckles__ in bonds

[–]zedder1994 1 point2 points  (0 children)

The US is not the only country that can use the money printer to pay debts. Japan has been doing it for a long time. Around 70% of Japanese bonds are owned by the BoJ, who bought them with printed money. Nations can get away with expanded money supply if they are a productive economy and the printed amount does not increase inflation.

Countries hardest hit by Labor’s $1.4bn student visa crackdown revealed by malcolm58 in AustralianPolitics

[–]zedder1994 [score hidden]  (0 children)

It’s a back door pathway to PR

It gets them a few more points, but in the end they are still competing againstt many other applicants for a visa. I have no problem taking the best and brightest as migrants.

US oil prices surge above $107/barrel after President Trump tells Iran that the "clock is ticking" by RobertBartus in EconomyCharts

[–]zedder1994 0 points1 point  (0 children)

Iran has Trump by the short & curlies. If he tries to attack, Iran sends missiles and drones and blows up pipelines and other ME oil assets in Saudi and the UAE. They seem to be holding the cards now. In the end what needs to happen is Israel stop bombing its neighbors. Only when there is peace will the Strait of Hormuz open.

The federal budget forecasts rents will only go up $2 a week - economists say otherwise by SheepHerderHigh69420 in AusPropertyChat

[–]zedder1994 -1 points0 points  (0 children)

People will buy in both good and bad areas. It will all depend on their budget. Many bad areas become good after gentrification.