It is the new migrants who will work their backsides off and eventually run all of the businesses. They see opportunity where the Aussies just see problems, as pretty much all you lot on this thread like to point out.
Sure, how old are you, if still around in 20y, we will talk again
I suspect most of those pointing out negatives are actually doing well personally.
None of my pessimistic approach is linked to own situation, i can even play and make money of the failingsI suspect most of those pointing out negatives are actually doing well personally.
It's just that they've a concern for the macro situation and are well aware that being wealthy is problematic at best if society as a whole declines. Plus the point of the thread is about the overall situation not individuals.
If the broad economy declines sufficiently then one problem even for those doing well becomes the limited options for spending it. A lot of things only work if a sufficiently large number of people can afford them.
As an example of that, of all things that could be deemed discretionary spending that's in no way essential, I've definitely spent more on live music than anything else. Trouble is, the viability of live music depends on the overall economy, it only works if a large number of people can afford to buy tickets to shows and right now that's being outright hammered by overall inflation which is killing the industry.
All up there's quite a lot of things like that. Personal success can't fully compensate for a broad societal economic decline. Same even in shares, if the overall decline is big enough then very little escapes it, making money gets hard unless you're into shorting.
weather
From what I've observed things are definitly tightening up, people are being more careful with their spending, but it is nowhere near recession level, where most shopping trolleys have mince meat packs in them, people are still mainly eating steak.Back to anecdotal personal experience,:
Went out last night in mooloolaba seaside marona: restaurants packed at the marina, a bit less on the esplanade.
This is now school holidays and there was an asian moon festival by the beach so hard to say, but the mood was festive and upbeat even with the colder..jumper over t shirt
Will see during the week if people are on money savings.. breaky in the units or splashing it daily in cafes..
I've been going over to Rainbow Beach and Fraser for the last 12 years every year, I can tell you not much has changed, everything booked out as per usual for the September holiday season. I only saw many vacant accommodations after the first Brisbane floods and during COVID.Back to anecdotal personal experience,:
Went out last night in mooloolaba seaside marona: restaurants packed at the marina, a bit less on the esplanade.
This is now school holidays and there was an asian moon festival by the beach so hard to say, but the mood was festive and upbeat even with the colder..jumper over t shirt
Will see during the week if people are on money savings.. breaky in the units or splashing it daily in cafes..
"Sure, how old are you, if still around in 20y, we will talk again"
Maybe for one reason..because we did not get half a million migrants a year for the last 30y,?
.
Pity that I no longer partake of the amber fluid and only digest a minimal amount of gut rot red, courtesy of the injuries suffered 4 years ago. It was the pain killers that got me off the booze!!
and insurance
The difference is you can choose to take a risk and not have insurance, rent or mortgage is shelter and hard to avoid.
And council rates and taxes...
Pretty much the same in Brisbane, all the struggling poor performing businesses are getting burned off by the more dominant ones.
Got our rates recently.
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