Inflation

[sptrawler]

As I said previously guys, immigration is the cause of this because sydney IS the main port of entry.

Have a look at, say, airlie beach where nobody is migrating to and homeowners (sellers) are absolutely shitting themselves right now.

It's a very simple immigration driven artificial supply/demand imbalance.

Is there any work in airlie beach? Just using your post as a platform 9K, no offence intended.

Maybe the immigrants should sign up to become police officers and there is heaps of work, if they want it.

It is just a case of pricking the ponzi bubble, the problem is the only ones that can prick it, are in it upto their bollocks.?

Let's get back to basics, Australia has a population of 25million, 10million live in Sydney/Melbourne, most of the productive export earnings comes from the Northern area of Australia.

So logics tells you to encourage the development of the productive areas and populate those areas, so that you build up a community and a labour force to grow that area and its productivity.

The down side is that it isn't an attractive area and if you bought an investment property there, the returns wouldn't be great.

So flckt it keep the Melbourne/Sydney ponzi going, if you can't beat it, join it. ? ?

Bring 200,000 plumbers into Sydney/ Melbourne, that will bring the cost of the reno down on the investment property.
Will the politicians change anything? I doubt it.
Will China? definitely.

 

[over9k]

Will the politicians change anything? I doubt it.

Of course not, they own investment properties themselves.

The very fact that they've been able to get away with this for as long as they have shows you just how country-collapsingly stupid the political left actually is.

You just try convincing the average labor/greens voter of why this is all occurring. You just try.

 

[farmerge]

Emphasis mine.

I see more problems related to this.

ID theft and security is one and needs no further explanation.

The big one though is simply that life has taught me many times that job details and references mean somewhat less than nothing when it comes to the individual, how they behave, their ability to pay and so on.

Suppose that someone's worth a few $ million but for whatever reason needs to rent a place to live. A self-made millionaire so clearly they're no fool and they can afford the rent. But ask about their job and the answer, technically, may well be "unemployed" since they've no need to keep working. Ask for a reference and as an introvert who doesn't know many people they're left pondering who they'd ask to write them one?

Meanwhile there's someone with a respectable sounding job title that's really just some fancy words, they're practically broke, can't manage finances if their life depends on it, has a party at home every weekend but they're armed with a reference written by a mate and that's who gets the property.

Landlords and tenants are both losing from this system. Decent tenants who can't get anywhere to live and landlords who can't find a decent tenant who doesn't trash the place.

Given up with rentals. Sold one some time ago, scum tenants burnt another to the ground Deemed to be an country 18,iie the remanents ofthe house were 18" high. The third is a 4 brm on the farm and has been empty for 4 years now and will stay that way. Had my fill of whinging, whining, scum bag tenants sourced through real estate agents who only want to look after their own well being, not mine and hers.

 

[over9k]

Given up with rentals. Sold one some time ago, scum tenants burnt another to the ground Deemed to be an country 18,iie the remanents ofthe house were 18" high. The third is a 4 brm on the farm and has been empty for 4 years now and will stay that way. Had my fill of whinging, whining, scum bag tenants sourced through real estate agents who only want to look after their own well being, not mine and hers.

We had one like this a while back - didn't burn it to the ground but did trash the place.

You didn't have landlord's insurance?

 

[sptrawler]

Given up with rentals. Sold one some time ago, scum tenants burnt another to the ground Deemed to be an country 18,iie the remanents ofthe house were 18" high. The third is a 4 brm on the farm and has been empty for 4 years now and will stay that way. Had my fill of whinging, whining, scum bag tenants sourced through real estate agents who only want to look after their own well being, not mine and hers.

We had one like this a while back - didn't burn it to the ground but did trash the place.

You didn't have landlord's insurance?

I was talking to the bloke over the road yesterday, exactly the same story, he has a rental it has just been trashed, so he is doing it up and selling it. Sounds like the frustration of tightening times, is manifesting itself in tenants getting angry. I haven't been in the rental game for 15 years, I have enough hassle looking after two daughters houses and my own.

 

[over9k]

The thing is trawler, if they were decent/upstanding members of society, they probably wouldn't be renters.

The amount of genuinely poor(er) types that are actually decent people and just less than well off is probably about a tenth of the market. The rest of them, well, I can completely understand why slumlords just send a couple of guys over or whatever when they need to.

 

[waterbottle]

Chinese exports down 6.8%, 4th month in a row.... Hmmmm

 

[divs4ever]

Chinese exports down 6.8%, 4th month in a row.... Hmmmm

not a completely bad thing Chinese growth was unsustainable in earlier times

can China remain calm and in control of this slowdown

now as 'the manufacturing heart of the world ' a slowing China might be problematic elsewhere

 

[farmerge]

We had one like this a while back - didn't burn it to the ground but did trash the place.

You didn't have landlord's insurance?

Sadly 9k didn't take it out. Being a novice in those days thought and thought wrongly the R/E agent was organising it.

 

[divs4ever]

Sadly 9k didn't take it out. Being a novice in those days thought and thought wrongly the R/E agent was organising it.

very much a lucky dip with R/E agents ( a good one would have alerted you on that i.e. we sell you that , or you should consider some )

 

[qldfrog]

Sadly 9k didn't take it out. Being a novice in those days thought and thought wrongly the R/E agent was organising it.

And after experience with Terri Scheer, not so sure you would get much anyway...
so now, after the raise: where do we get the best saving accounts now?

 

[frugal.rock]

Might pay to wait a few days. Macquarie have a decent rate also.

so now, after the raise: where do we get the best saving accounts now?

HISA | Rabobank Australia

Earn a competitive rate on our High Interest Savings Account and feel good about 100% of your savings going towards funding Australian Agribusinesses to bring food to our tables.

www.rabobank.com.au

 

[divs4ever]

And after experience with Terri Scheer, not so sure you would get much anyway...
so now, after the raise: where do we get the best saving accounts now?

check around the various 'bonus saver' schemes ( watching out for various 'bait and switch tactics ' )

given what could be a steady procession of hikes , the situation might be fluid ( last month's laggard could be this month's star , and vice versa ) but almost a certainty is none will offer 'real inflation ' rates which are way above 4% , anytime soon

 

[farmerge]

And after experience with Terri Scheer, not so sure you would get much anyway...
so now, after the raise: where do we get the best saving accounts now?

I was thinking perhaps a money lender of last resort those that specialise with broken noses and cauliflower ears.and have Mum tatoed on the bicepts
Sure fire return on investment guaranteed !!!!!!

 

[farmerge]

very much a lucky dip with R/E agents ( a good one would have alerted you on that i.e. we sell you that , or you should consider some )

Sadly what happend all those yars ago, it was a case of I'll take your money and do little to nothing to earn it.
The only good thing that has come to pass, is that this particular agent is now a worm farm.

 

[farmerge]

Chinese exports down 6.8%, 4th month in a row.... Hmmmm

Now I'm just wondering if the China disease has finally come to bite them on the bum.
lockdowns, downturns worls wide and perhaps the world is waking up to the fact that manufacturing at "home" though probably a bit dearer, could be cheaper and better in the long term.
Wake up world and move forward.

 

[farmerge]

The thing is trawler, if they were decent/upstanding members of society, they probably wouldn't be renters.

The amount of genuinely poor(er) types that are actually decent people and just less than well off is probably about a tenth of the market. The rest of them, well, I can completely understand why slumlords just send a couple of guys over or whatever when they need to.

Those that traverse around on Harleys and the odd Indian are I am informed used frequently to get the required debt settled.
Not that I ever availed myself of the services of these types.

 

[over9k]

Chinese exports down 6.8%, 4th month in a row.... Hmmmm

Yep, goods in recession, services in ridiculous inflation.

China's boned.

 

[farmerge]

Yep, goods in recession, services in ridiculous inflation.

China's boned.

One could say a bull in the china shop!!!!!

 

[over9k]

Those that traverse around on Harleys and the odd Indian are I am informed used frequently to get the required debt settled.
Not that I ever availed myself of the services of these types.

Believe me, it's the only thing they respond to. The scum know the legal system ridiculously well. Most of them are already semi-trained paralegals.

The last problem ones we had were with dogs. Bit of context here: Our neighbours (lovely people) own a place about two doors up from us. Shithole of a place but was bought for the land to subdivide it. Just renting it out in the meantime. But being a shithole, it's not the type of place a normal person would rent (or rent willingly).

Anyways, typical bogan scum dogs, they all look the same, they got out one day and attacked my father (on our property no less). After he fought them off I went over to attempt (attempt) a very polite chat to basically just say look, I've got two disabled parents and a toddler here, this can't happen again (they would have killed the toddler and possibly my mother too on the spot), this can't happen again. Made a very deliberate point of coming in from the front driveway, called out as I did it (politely), sleeves rolled up and hands out so I'm clearly not carrying a weapon, a game I know all too well.

I didn't even make it to the front door. The bitch (the woman, not the dog) comes out of the place storming. Screaming her head off, had grabbed a knife out of the block on the way out, came and got right in my face to let me know she had it, sprayed/half spat in my face, screaming to "get off her property", the works. Saying and doing the kinds of things that a normal person just doesn't say (or even know to say). CLEARLY not her first time, she knew exactly what she could and couldn't do and knew exactly what I could and couldn't do either.

However, this not being my first time either, I knew full well what was going on and what I was dealing with - I just stood my ground knowing full well she knew she'd never be able to argue that I was some kind of threat and the whole thing was just some absolute scum being absolute scum but once she'd given me the "get off my property" line I also did in fact have to leave, she couldn't argue it was a threat but legally speaking it does become trespassing. I gave her "I just want to talk, so you don't want to listen?", still got the same almost spit in the face/get off my property line, said "ok then", walked back home.

Reported the dogs to the council and the incident to the police, dog rangers showed up with a police escort no less, cops charged her with threatening with a deadly weapon (she denied everything but as the cops said, a magistrate would never believe her as this is a pretty ******* strange thing to make up and wouldn't you know it she already had a record, because of course she did), dogs got classified as dangerous, legally speaking it was a complete shitshow.

I head over to the neighbours and ask if they've had any problems, wouldn't you know it these dogs have been out before and my neighbour's daughter and her friend had had to climb on top of a rainwater tank to get away from them or god knows what would have happened, I mean gee, there's a history here and they're a real problem, how surprising.

I get chatting to the neighbour and we devise a plan because he was fed up with the scum as well.

The next day: Everyone stays indoors, we wait for the scum to leave their house, the neighbour goes over and undoes their gate and then legs it back to his place. The waiting game then begins.

All of about five minutes later the dogs were out and had made their way onto our property, which, with the history they had, meant they were now total fair game and so I was within my rights to (and I did) shoot the pair of them on the spot.

I call the cops, let them know what's happened, cops come over and see the animals and take a report from me but they let me know that legally speaking I'm completely in the clear, the bodies of the animals are taken over to the neighbour, she reacts in the exact way you'd expect, they let her know she doesn't have a leg to stand on (she wanted me charged, because of course she did), see you later.

This was all a couple of months ago and hilariously, they were evicted less than a week later (take one look at the state of the place and you'll be able to see why) and there's no forwarding address so they can't even find her to serve her for the court date.

Anyone that's dealt with these types (cops will tell you this) will tell you that it's actually the women that are the most aggressive. They think they're untouchable because they're female and so act accordingly. They'll try to claim intimidation if you inspect the property, they'll claim "Hurr he is big man and I was tiny scared woman" after they pull a knife on you like she did to me, they'll try to claim harassment, they'll play the damsel in distress card as casually as you make a coffee. You HAVE to deal with them in a particular way (make sure you get the legal paper trail started immediately before doing anything else) or you'll have problems like you cannot imagine.