The state of the economy at the street level

[rcw1]

Coles was announcing lobster at $22 several times , over the PA, and that was mid-Fri afternoon. Must have overordered.

Good morning
Thinking them WA lobsters were supposed to go to China ...
New market in Aus needed.

Have a very nice day today.

Kind regards
rcw1

 

[frugal.rock]

If I was in Europe, I would probably be hanging out in a "warm bank", because I'm in Aus, I'm hanging out in a "cold bank" being Macarthur Square.

Taking in the sights which somewhat involuntarily involves basic stats recording. ???

Most people leaving with a minimum of 1 shopping bag, average around 3.
Have noticed travel luggage and handbags doing ok and JB Hi-fi pumping.... Clothing and expensive drink's (immediate consumption) doing well also.

I'm personally conserving funds and energy to balance out the wife's behaviour, am even reluctant to get an iced coffee, but annoyance will no doubt soon overcome reluctance. ??

 

[farmerge]

Good morning
Thinking them WA lobsters were supposed to go to China ...
New market in Aus needed.

Have a very nice day today.

Kind regards
rcw1

Appears to be the same as last year Chinese didn't get our crays and wine also, I seem to remember. Local market is the winner.

 

[farmerge]

If I was in Europe, I would probably be hanging out in a "warm bank", because I'm in Aus, I'm hanging out in a "cold bank" being Macarthur Square.

Taking in the sights which somewhat involuntarily involves basic stats recording. ???

Most people leaving with a minimum of 1 shopping bag, average around 3.
Have noticed travel luggage and handbags doing ok and JB Hi-fi pumping.... Clothing and expensive drink's (immediate consumption) doing well also.

I'm personally conserving funds and energy to balance out the wife's behaviour, am even reluctant to get an iced coffee, but annoyance will no doubt soon overcome reluctance. ??

Ah frugal.rock Open thy lousy bag and buy thyself an Eskimo Ice?

 

[Dona Ferentes]

If I was in Europe, I would probably be hanging out in a "warm bank", because I'm in Aus, I'm hanging out in a "cold bank" being Macarthur Square.

Taking in the sights which somewhat involuntarily involves basic stats recording.

Good work, Insp. Froogs.

One from the past if you need an alibi: (The live 2000 Adelaide version is better but I couldn't get a link)

 

[Smurf1976]

demand OR supply , some items ( or fittings ) have been hard to get , it is possible more homes/buildings are finally completed freeing up capital and workers

affordability will be the next bottle-neck most incomes rise slower than costs and interest rates , and one would suspect lenders would be using increased caution , this could easily become a CASH-buyers market in the near term ( stressed sellers , and limited buyers )

I've paid closer attention and noticed that the builders I'm seeing rather a lot of advertising from are at the high end of the market. Luxury custom designed stuff not volume built cookie cutter houses.

 

[divs4ever]

I've paid closer attention and noticed that the builders I'm seeing rather a lot of advertising from are at the high end of the market. Luxury custom designed stuff not volume built cookie cutter houses.

that would make sense , the 'all-cash' or large down-payment crowd , and semi-rural 'mansions '

 

[farmerge]

that would make sense , the 'all-cash' or large down-payment crowd , and semi-rural 'mansions '

I have a nephew building a new home just on the southern edge of Perth. had to recently cough up $70k to the builder for extra costs (?) Doesn't mean that his new house will be started any time sooner. Been on the delayed books for over 12 months so far and looks like at least another 6 months, that's after handing over a substantial wad of folding.
Would appear that the cash economy is well and truly alive and well. It never really died.

 

[divs4ever]

I have a nephew building a new home just on the southern edge of Perth. had to recently cough up $70k to the builder for extra costs (?) Doesn't mean that his new house will be started any time sooner. Been on the delayed books for over 12 months so far and looks like at least another 6 months, that's after handing over a substantial wad of folding.
Would appear that the cash economy is well and truly alive and well. It never really died.

political donations would be really tiny if only electronic transfers were allowed ( and you could follow the money trail )

your nephew might politely ask the builder about the extra costs ( the longer the construction time the better chance of a cost blowout )

 

[JohnDe]

I have a nephew building a new home edge of Perth. had to recently cough up $70k to the builder for extra costs handing over a substantial wad of folding.
Would appear that the cash economy is well and truly alive and well. It never really died.

What, he’s paid it all in cash?

 

[farmerge]

What, he’s paid it all in cash?

To get a crew on site whenever that's what the builder decreed. I hav a neighbour who is a builder and about one third of the cost is always folding

 

[JohnDe]

To get a crew on site whenever that's what the builder decreed. I hav a neighbour who is a builder and about one third of the cost is always folding

Time to find a different builder.

 

[farmerge]

Time to find a different builder.

Too late already committed with the contract. From what he has found out all are much the same. He has stayed away from the big companies and gone with a small builder like my neighbour,

 

[InsvestoBoy]

Spent the last week in a holiday rental near Dee Why.

Lovely part of Sydney, full of people going to the beach and enjoying life, every cafe bar and restaurant full of locals and tourists having fun.

Strong urge to buy stocks.

 

[rcw1]

Spent the last week in a holiday rental near Dee Why.

Lovely part of Sydney, full of people going to the beach and enjoying life, every cafe bar and restaurant full of locals and tourists having fun.

Strong urge to buy stocks.

Good morning / afternoon InsvestoBoy
Nice

Do it ... otherwise you will never forgive yourself... ha ha ha ha ha

Have a prosperous new year.

Kind regards
rcw

 

[Belli]

Too late already committed with the contract. From what he has found out all are much the same. He has stayed away from the big companies and gone with a small builder like my neighbour,

What was promised:




What was delivered:



Sorry. Couldn't resist.

 

[divs4ever]

Time to find a different builder.

hard enough to find a builder that is competent , one solvent and honest is harder still ( one ready to start next week , nearly impossible )

 

[divs4ever]

Good morning / afternoon InsvestoBoy
Nice

Do it ... otherwise you will never forgive yourself... ha ha ha ha ha

Have a prosperous new year.

Kind regards
rcw

the urge is there , the target prices are not

have a Happy New Year , everybody

 

[farmerge]

R

What was promised:

View attachment 151038


What was delivered:

View attachment 151039

Sorry. Couldn't resist.

Ripper I'll show it to him when he next comes up here for some fresh air and decent drinking water. !!!!

 

[JohnDe]

hard enough to find a builder that is competent , one solvent and honest is harder still ( one ready to start next week , nearly impossible )

I’ve built a couple of investment properties, it’s definitely a process that requires more than a week to find a builder ?