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Corona virus, Port and the AFL. Part 4.

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One of the greatest lessons my parents taught me and one for which I am forever grateful is that of provident living; how to work, earn and manage money, save and sacrifice. Despite my parents being relatively well off (NOT RICH) - I was never 'given' anything without working/doing chores for my modest "pocket money", I had to earn it. From an early age (12 yrs old) I worked; first on a paper route, mowing lawns, shoveling snow AND picking fruit for some of our neighbors. From what I earned I was taught and expected to contribute to the running of the household (granted, it was a token amount but increased as I got older), long term save/invest, contribute to a worthy cause and the remainder I was able to save/spend on whatever I wanted at the time. Everything I bought myself I valued and took care of. Example: I bought my first dirt bike at age 13, and took care of it washing it after every outing, learned to service it, tune it and perform basic maintenance on it. A little ditty my dad taught me "Fix it up, wear it out, make it do, or do without". He was in no way a skin flint but helped many people and families who were struggling. I'm stunned when I talk with young people today how little many of them understand about the value of work, money management, budgeting, credit and compound interest - not to mention how to do pretty basic maintenance on vehicles, homes and major appliances. Welfare is important aspect of a civilized society but should be viewed primarily as a "safety net" to be called upon in exceptional circumstances not as lifestyle choice.
 
People been saying this for years.

If it hasn't crashed with the pandemic I can't see it ever happening unless there's a world war.

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The reality is that property and equity markets spend the majority of their time at or near all time highs.

Having said that, the property market is more interesting than the stock market in that its growth has largely been driven by the continuous dropping of interest rates over a period of three decades to the point where money is now close enough to free. With no room left to cut, the government will need to come up with increasingly ingenious ways to ensure the property market is supported into the future.
 
great, doesnt change the fact that an average wage used to give you enough money to actually buy a house. that ratio has gone up 400% since 1970.

grattan-house-prices-Vs-wages.jpg


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This graph in the Boomerverse.

5888EB9D-837C-40C6-9C47-84D94B53B234.jpeg
 

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Yeh I don’t think you can make that conclusion. It’s one factor. House prices were pretty steady until they started booming and plateauing from the 80s. I think a number of factors come into play. Overseas investors, people that already had investment property suddenly had their equity double or more so they entered the market again. Reno shows and how they would suggest you could make a quick buck if you bought a fixer upper. Banks becoming ridiculously generous in their lending. Generation X and Boomer parents helping their kids enter the market. That’s just a few off the top of my head.

You can add the normalisation of dual incomes to the list.
I think that was the key one.
 
Fixer uppers are pretty much a dead concept anyway I reckon, it's harder for people to find time to learn skills and do things themselves if they aren't already handy, and professional trades are just as expensive and often there's a waitlist as well, so may as well just get a property not requiring urgent renovations.

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Must be very close to an act of terrorism.
In all seriousness I would have loved to have seen the anti-terror laws used against the worst of these offenders. Their deliberate actions were designed to instill fear in the population and caused unnecessary suffering and death. Must be fairly close to the definition of terror.
 
The reality is that property and equity markets spend the majority of their time at or near all time highs.

Having said that, the property market is more interesting than the stock market in that its growth has largely been driven by the continuous dropping of interest rates over a period of three decades to the point where money is now close enough to free. With no room left to cut, the government will need to come up with increasingly ingenious ways to ensure the property market is supported into the future.

Howard supercharging the return on property investments with CGT discounts didn't help.
 

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A special breed. May covid19 take its course as they desire.



meh, those childish antics are so last pandemic.

if you want to be even more cheered up, lets have a look at where the next pandemic might come from: poking through the good doctor's twitter I stumbled across a retweet introducing me for the first time to the euphemistically named domain 'gain of function' research, as now formally permitted on bugs and other pathogens. the idea being to simulate sped up evolution in the lab, looking for mutations of interest and concern, etc and attempt to get ahead of the curve in terms of anticipating/testing manufactured counter measures, or patenting the bloody things/techniques more likely. what could possibly go wrong?? :sick::eek:

 
In all seriousness I would have loved to have seen the anti-terror laws used against the worst of these offenders. Their deliberate actions were designed to instill fear in the population and caused unnecessary suffering and death. Must be fairly close to the definition of terror.
God - people saying they should not be coerced into accepting an unwanted medical intervention - break out the waterboards
 

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Aaron Rodgers, lies about being vaccinated, says he was immunised (using Rogans recipe), catches Covid. Changes story several times, then tosses out conspiracy nonsense and complains it’s ‘woke’ mobs fault.

I hate the Packers, so love this story!

 
Aaron Rodgers, lies about being vaccinated, says he was immunised (using Rogans recipe), catches Covid. Changes story several times, then tosses out conspiracy nonsense and complains it’s ‘woke’ mobs fault.

I hate the Packers, so love this story!


Ned Beatty would not be safe around Aaron Rodgers.
 
Aaron Rodgers, lies about being vaccinated, says he was immunised (using Rogans recipe), catches Covid. Changes story several times, then tosses out conspiracy nonsense and complains it’s ‘woke’ mobs fault.

I hate the Packers, so love this story!


Was a Rodgers fan but this is unbelievable.
There's no coming back. The guy is an idiot.
 
Aaron Rodgers, lies about being vaccinated, says he was immunised (using Rogans recipe), catches Covid. Changes story several times, then tosses out conspiracy nonsense and complains it’s ‘woke’ mobs fault.

I hate the Packers, so love this story!

Sshhh…he gave 500 pages of his research, I mean reserch.
 
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God - people saying they should not be coerced into accepting an unwanted medical intervention - break out the waterboards
they attacked a vaccination centre for the homeless, their leadership are racists who pose “the jewish question”, their protests are far more violent than anything i’ve ever seen from the left (pure envy tbh).

i do not support police violence, and certainly not torture. i think the main issue has been the inability to counter protest, as that is a very effective method of disempowering right wing actions, but the fact is they are genuinely causing harm and dismissing that is naive at best, but very sinister at worst.
 
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