This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

If you haven't noticed, our world rewards those with overinflated ego's + successful psychopaths. As for the share market, it doesn't care how big your ego is. It can destroy you whether you have a big ego or not, on the other end it can reward you whether you have a big ego or not.

In my opinion engineers contribute way more towards society than the paper pushing professions that the majority in this forum have jobs in. There is a reason that there is a lack of engineering graduates in first world countries, because its harder than those other degrees which eventually lead you to a higher paying, paper pushing job. Engineering is the reason Germany is different from the other first world economies. Instead of overvaluing paper pushers, which aided in the creation of fake prosperity through debt based real estate, they made sure they cultivated their engineers as well.
 

+1, We the engineers have created everything in this world
 
In my opinion engineers contribute way more towards society than the paper pushing professions that the majority in this forum have jobs in.
Can you explain how you know what fields "the majority in this forum" are employed in?
I've been around this forum for many years and could only nominate the jobs of half a dozen members out of the many thousands.
 
Can you explain how you know what fields "the majority in this forum" are employed in?
I've been around this forum for many years and could only nominate the jobs of half a dozen members out of the many thousands.

I don't think he can explain it, Julia. Lurker123 was just big-noting himself plus working on the justifiable assumption that the majority, any majority, are NOT engineers.

You go for it L123, and I hope you earn good money. You probably don't, that's why you're on here big-noting yourself. Get your rocks off any way you can, man!

You won't be getting any response from those pen-pushers who ARE making good money, so do your worst.

Then try and get some sleep!
 
More bear fodder...............



and more......

ANZ Bank has announced it will raise its interest rates this month, making it the first of the big four banks to move after the Reserve Bank left the official cash rate steady at 4.25 per cent last week.

From April 20, the bank will increase its standard variable mortgage rate by 6 basis points to 7.42 per cent per annum, while its small business rates also will increase by 6 basis points.

The bank said it took the decision as its funding costs were rising due to increased competition for deposits.
 
I had a friend in real estate whose business recently went down the gurgler. Went on a last ditch trip overseas, all the bells and whistles, before claiming bankruptcy.



Clearance rates low, could see a bit more of this

MW
 

Thanks mate.

By the way Julia I regard share trading as paper pushing.
 

I'm presuming those figures don't include the erosion of capital asset value from inflation? The official YOY inflation for 2011 was 3.01%, so you can deduct that from PPOR & IP asset values as well.

Then there's soaring rates, electricity, water costs etc. Add that to the sum total and the REAL decrease in the asset values would look a tad more glum for many owners/investors. As usual, location, location, location is the key.

Sure, rents are also going gangbusters for non-property owners so the outlook for renters is also to the downside if continuous generous wage rises can't compensate. All in all, RE for owners and renters alike has a distinctly nervous look about it right now.

Good luck.
 
just wanna keep this alive, awaiting his reply once he returns from portugal....

I'm sure TS has a good explanation IF he wants to tell us about it... and maybe he doesn't.

But I hope nobody has the bad manners to gloat if things have gone pear shaped (and I'll bet TS is quite fine).
 
I'm sure TS has a good explanation IF he wants to tell us about it... and maybe he doesn't.

But I hope nobody has the bad manners to gloat if things have gone pear shaped (and I'll bet TS is quite fine).

judging from the level of gloating i would put his assets at well above the losses incurred by a pear shaped event such as voyager falling apart. so perhaps he was un-phased by the event. or behind all the speculation it may have had no affect on him at all? if he had no ties with them other than they were simply his builder then he wouldve had insurance and been fine even with them going under, a new builder would have come in and wrapped things up anyway.

im betting he has had a sneak peak at ASF while hes away though
 

Sure...do all shares goes up?
You can do all the research/analysis/due diligence in the world, and a stock/share/company your investing in can still flop...
I look at property in a 10-20 year cycle. Not every year is going to go up, you'll have some bad years, just like shares.
 

apples and oranges, but if what you're trying to say is that every form of investing has risks, then yes naturally i agree.
 
Great article calling out property spruikers for constantly misleading the public with data.

http://theage.domain.com.au/real-es...amned-lies-and-statistics-20120412-1wvfk.html



 
Cookies are required to use this site. You must accept them to continue using the site. Learn more...