- Joined
- 8 May 2009
- Posts
- 263
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- 1
I think is no.12 on the guilty list.
just did a Financial IQ test...with Coredata
the results.......shows how really very stupid and ignorant I am........
Your Assessment
Well done!! Your Financial IQ is between 125 and 135. This places you close to two standard deviations above the national average. In basic terms it means your Financial IQ is in the top 7% of the population with regard to understanding financial terms and concepts. Placing you well above the average level of national understanding. You are clearly smarter than most bankers and should possibly consider a new career working for the RBA. However as with all major financial decisions you should still carefully consider all your options before making major financial purchases.
Exactly mythos.
kincella has no idea about the reasons Europeans like to rent. Mainland Europe is cheaper than Oz (wages to price), apart from a few premium areas. It is nothing to do with cost.
I hear the sounds of bleating drums and rising IR's.
i have removed my last post as waynes link said it all
I sometimes chuckle to myself at how naive people are to believe that
I sometimes chuckle to myself at how naive people are to believe that
1. House prices can continue to show compound growth at a pace higher than wages growth ( gearing has to max out sometime )
2. People weren't stupid with rudd propping up the market and didn't overextend with stupidly low interest rates.
3. Prices will not return to trend ( either the trend line moves or the price does - so this one smacks of stupidity )
4. Housing contributes to the economy ( sure it generates employment etc, but all it does is sinks money that could be used to generate net inflow of money into the country into depreciating assets, which, for all intents and purposes has a one off effect on employment )
5. That banks are evil when it comes to housing. In fact the true evil lies with the rip off councils and land developers ( who ramped up land prices overnight about 8 years ago where I am approximately 250% ) and builders and tradesmen who continue to demand excessive remuneration, for what is in effect a low skill job, as they do not need to compete as the government is subsidising their jobs at the expense of real competition.
I have said it before : if the FHBG went totally tomorrow, builders would actually need to compete for work, and hence would not pay plumbers, painters, chippies, electricians over what they are worth, land developers would need to cut margins, and housing prices would return to trend.
I would sell. I still believe housing is in for a 20% correction, lets see how it goes over the next year, now that the FHB grant ( lining the pockets of builders and developers pockets ) has returned to "normal" ( in fact, can ANYONE give a good reason as to why we should have a FHBG anymore? )
I have also noticed at lot more properties without prices, a trend that I noted late last year.
Something else i've been noticing is sales data not being disclosed in the papers.
My misses rang up a real estate agent last week requesting the price on a house that was passed in but later sold via negotiation but the reply was, "sorry can't say". Also those private "in the office" multi auctions are pretty annoying.
Oh the irony!
hello,
to cover the outrageous Stamp Duty charges from the state government
exactly the reason J.Howard introduced it
dont buy or hold, rent no big deal
this is great we havent had Q & A since Chops A Must was around, anymore questions?
thankyou
professor robots
Ummm no there was better pay years ago without the fhbg. I noticed you had an issue with trades previous, and quoted stupidly high rates of pay for plumbers before. I doubt you would know the right end of a hammer, let alone what it takes to run a company. It's pathetic to look down on, and rag about other profesions, when you have no idea. Trades will just run to the mines, or other industrys when work gets quiet5. That banks are evil when it comes to housing. In fact the true evil lies with the rip off councils and land developers ( who ramped up land prices overnight about 8 years ago where I am approximately 250% ) and builders and tradesmen who continue to demand excessive remuneration, for what is in effect a low skill job, as they do not need to compete as the government is subsidising their jobs at the expense of real competition.
I have said it before : if the FHBG went totally tomorrow, builders would actually need to compete for work, and hence would not pay plumbers, painters, chippies, electricians over what they are worth, land developers would need to cut margins, and housing prices would return to trend.
)
I would sell. I still believe housing is in for a 20% correction, lets see how it goes over the next year, now that the FHB grant ( lining the pockets of builders and developers pockets ) has returned to "normal" ( in fact, can ANYONE give a good reason as to why we should have a FHBG anymore? )
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