Discussion Random Discussion

[GoGeta]

Hey fellas, sorry for the intrusion but I wanted to ask for some opinions about Jack Steele for the upcoming season.

I read that late last year, in the last few games of the season Steele was released from his tagging duties seemingly and allowed to play his own game.
Is this true and if so do you think it is likely that Jack has finished his ''tagging to learn from the best mids apprenticeship'' and will now have more freedom
or does he play his best footy in that role and thus will most likely continue in it?

Thanks and good luck for the season.

 

[StCicatriz]

We are the same. No issues.

I think the market in Melbourne is slowing but quality properties are still selling at good prices.

I am a Labor voter, but I am worried about the economic impacts of their negative gearing policy. The liberals are an absolute rabble currently though. This should be a key attack point for them given the Australian property addiction on a cultural and economic level .




We just bought and we had quite a bit of trouble getting approved for an owner occupier loan. Turnaround times are frustratingly slow, and run the risk of sales falling through. Seems to be an over correction on the banks part, they really built this rod for their own back.

 

[cartel]

The changes to neg gearing will be fine mate. It will direct capital to new properties causing demand and jobs. It's not retrospective and frankly I don't like subsidising others with my tax money.

Where else do you get rewarded by tax payers for investing at a loss?

In terms of value, if I take hit, I take a hit. That's life.

I agree with the social intent of the policy - older generations amassing large property portfolios to reduce tax and pricing younger generations out of the market does not fit comfortably to me. Economically, the policy seems to be coming at a time where everything is balanced fairly perilously - hope that you are right and it will be fine.

 

[Mikka84]

Hey fellas, sorry for the intrusion but I wanted to ask for some opinions about Jack Steele for the upcoming season.

I read that late last year, in the last few games of the season Steele was released from his tagging duties seemingly and allowed to play his own game.
Is this true and if so do you think it is likely that Jack has finished his ''tagging to learn from the best mids apprenticeship'' and will now have more freedom
or does he play his best footy in that role and thus will most likely continue in it?

Thanks and good luck for the season.

I think he'll still play the hybrid role this year. Depending on which team we play ect..

He did the role perfectly last year and strengthened his game by doing it. It allowed him to play around the stoppages where he succeeds in, whereas early on he was trialed at half forward and it was a disaster.

 

[SaintsSeptember]

Tax is reasonable. Stop looking at the rate and start looking at the actual percentage paid.

I didn't say the rate wasn't reasonable. I was agreeing with Gringo. If tax gets to a certain level, and its comparison to the rest of the world , not the actual percentage paid that's important. they WILL leave.

And on a kind of related topic, surely getting rid of negative gearing and you leave the door wide open for "Acme property investments " to buy property and claim lots of expenses and to minimise their tax way more than mum and dad investors.

 

[VDS66]

I agree with the social intent of the policy - older generations amassing large property portfolios to reduce tax and pricing younger generations out of the market does not fit comfortably to me. Economically, the policy seems to be coming at a time where everything is balanced fairly perilously - hope that you are right and it will be fine.

I understand where you're coming from.

With around 70% being owner occupiers, unless people are forced to sell, they wont.

Contributing factors right now are:

Withdraw of Chinese investors.

Credit squeeze from banks.

Still to come is the effect of interest only borrowers. This is the ticking time bomb.

Those that purchased over the last two years in interest only either have to start paying down their principle of they can't afford to, sell at potential losses.

As harsh as this may sound, such is life. People are adults and if they have over extended themselves to buy homes they can't afford then so be it.

What ever happened with buying a modest home within your means, paying it down then upgrading?

 

[SaintsSeptember]

I understand where you're coming from.

With around 70% being owner occupiers, unless people are forced to sell, they wont.

Contributing factors right now are:

Withdraw of Chinese investors.

Credit squeeze from banks.

Still to come is the effect of interest only borrowers. This is the ticking time bomb.

Those that purchased over the last two years in interest only either have to start paying down their principle of they can't afford to, sell at potential losses.

As harsh as this may sound, such is life. People are adults and if they have over extended themselves to buy homes they can't afford then so be it.

What ever happened with buying a modest home within your means, paying it down then upgrading?

No i must have THAT house and i'll pay more than anyone else to have it, and it doesn't matter if i commit every last cent my wife and i earn , leaving just enough for food. Nothing ever goes wrong that costs extra money.

 

[VDS66]

I didn't say the rate wasn't reasonable. I was agreeing with Gringo. If tax gets to a certain level, and its comparison to the rest of the world , not the actual percentage paid that's important. they WILL leave.

And on a kind of related topic, surely getting rid of negative gearing and you leave the door wide open for "Acme property investments " to buy property and claim lots of expenses and to minimise their tax way more than mum and dad investors.

Sorry mate, but we are not getting rid of neg gearing.

It will apply to new construction properties and existing landlords will still be able to claim.

Facts.

A landlord can borrow to invest in a property which makes a loss, and speculates that the losses will be offset by capital gains in the future.

No different to any other business enterprise.

Now lime any other business, if it fails, bad luck.

Cash flow always has been and always will be King. Same applies to real estate.

If people base their investment decisions on tax minimisation rather than turning a profit then they are just stupid IMO.

I was stupid in the late 80's and did my balls.

Now I have cash flow positive properties and get taxed on the marginal rate. Big deal. I'll never go broke making a profit.

If a property is vacant, I can make payments.

 

[VDS66]

No i must have THAT house and i'll pay more than anyone else to have it, and it doesn't matter if i commit every last cent my wife and i earn , leaving just enough for food. Nothing ever goes wrong that costs extra money.

Nailed it.

 

[SaintsSeptember]

Sorry mate, but we are not getting rid of neg gearing.

It will apply to new construction properties and existing landlords will still be able to claim.

Facts.

A landlord can borrow to invest in a property which makes a loss, and speculates that the losses will be offset by capital gains in the future.

No different to any other business enterprise.

Now lime any other business, if it fails, bad luck.

Cash flow always has been and always will be King. Same applies to real estate.

If people base their investment decisions on tax minimisation rather than turning a profit then they are just stupid IMO.

I was stupid in the late 80's and did my balls.

Now I have cash flow positive properties and get taxed on the marginal rate. Big deal. I'll never go broke making a profit.

If a property is vacant, I can make payments.

Fair enough.
Negative gearing always made the most sense if you were making a relatively small loss. So that the rent you received almost covered the interest payments.
Doing it that way essentially let you buy property with someone else paying the lions share, and also giving you a break off your personal income tax.
When the market kept spiralling upward, i guess people got complacent and geared the crap out of it.

I knew someone who went into investment property under the mistaken impression that they would be able to claim just about ALL of their tax back , only to be shocked at tax time when they found out that they only save the tax on the amount that their income is reduced to after costs. They wanted to be able to live off and spend the main income AND also claim the tax.
I was kind of stunned that someone could do something like that so impulsively without fully understanding it.

But every business uses something similar to negative gearing, they have more and less profitable enterprises and they reduce the tax from their profitable enterprises with losses from their less successful enterprises.

 

[SaintsSeptember]

Are they also getting rid of negative gearing on Shares?

 

[Dr Spaceman]

Are they also getting rid of negative gearing on Shares?

Need to get rid of negative Gearing on this forum

 

[StCicatriz]

Fair enough.
Negative gearing always made the most sense if you were making a relatively small loss. So that the rent you received almost covered the interest payments.
Doing it that way essentially let you buy property with someone else paying the lions share, and also giving you a break off your personal income tax.
When the market kept spiralling upward, i guess people got complacent and geared the crap out of it.

I knew someone who went into investment property under the mistaken impression that they would be able to claim just about ALL of their tax back , only to be shocked at tax time when they found out that they only save the tax on the amount that their income is reduced to after costs. They wanted to be able to live off and spend the main income AND also claim the tax.
I was kind of stunned that someone could do something like that so impulsively without fully understanding it.

But every business uses something similar to negative gearing, they have more and less profitable enterprises and they reduce the tax from their profitable enterprises with losses from their less successful enterprises.

other option is the vacancy tax. tax the ****ing shit out of them as soon as the place is empty for more than 3 months a year.

 

[Flandersss]

Need to get rid of negative Gearing on this forum

Saved.

 

[gringo2011]

https://www.auntyfranklee.com/menu/

Malaysian - cheap busy and great.

Actually Sam Fisher has Susie Wong in Chapel street Windsor too, I think you still get a Saints membership discount.

If tax is reasonable they wont leave.
But i thought the idea of taxing companies that Automate was opposite what should be happening. Its hard enough to invest in automation, but its what we need to be internationally competitive.

I actually think it's innovation that will be the only thing that saves us. We should be getting smart about our mining too. We sell all our gas overseas cheap enough to buy it retail in Japan and ship it back than we can get it for locally. We don't get royalties even.

This is what Howard and Costello should have done and if not them do it now. Use the money to invest in really building innovation. Have cheap loans for bringing the best of it to market. We can never compete on a level field making cheap consumables for the mass market. New Zealand 3D printing rocket engines is great example.

https://www.reuters.com/article/us-...0-billion-sovereign-wealth-fund-idUSKBN18T283

 

[VDS66]

Actually Sam Fisher has Susie Wong in Chapel street Windsor too, I think you still get a Saints membership discount.



I actually think it's innovation that will be the only thing that saves us. We should be getting smart about our mining too. We sell all our gas overseas cheap enough to buy it retail in Japan and ship it back than we can get it for locally. We don't get royalties even.

This is what Howard and Costello should have done and if not them do it now. Use the money to invest in really building innovation. Have cheap loans for bringing the best of it to market. We can never compete on a level field making cheap consumables for the mass market. New Zealand 3D printing rocket engines is great example.

https://www.reuters.com/article/us-...0-billion-sovereign-wealth-fund-idUSKBN18T283

Sadly there's no votes in innovation, or party donations...

I always remember Clive Palmer on Q&A.

Was asked why he didn't invest in the future like renewables. Answer: there's not enough profit.

This sums it up for me. Capital will only flow to profits. They wait for Government to do the heavy lifting and then swoop in lime vultures picking a carcass.

Agree that rather than give multinationals tax cuts, divert that money to innovation via tax breaks, subsidies and loans. Money them stays in our economy as do profits.

 

[Roylion]

General Maths is essentially a repeat of year 11 maths.
Math Methods is full of difficult stuff. Really difficult stuff. Calculus that the average member of the population wouldn't even understand what the question meant.
Further mathematics is in between the two.

In Victoria General Maths is taken in Year 11. Further Maths Units 1 and 2 is also taken in Year 11, as is Specialist Maths Units 1 and 2.

At Year 12, students can take (in reverse order of difficulty) Further Maths, Maths Methods and Specialist Maths. (Units 3 and 4)

In the end they rank the scores in order from ALL the mathematics , and then boost the harder ones. Methods gets a 10% boost.

Year 12 studies are scaled. Studies are scaled on the basis of the average of the study scores for students. So if in Maths Methods a student gains an average study score of 30 and the average study score across all studies for students taking Maths Methods is 34, that 30 is scaled up to 34 for the purposes of calculating the ATAR.

So plug it all into the ATAR system and the kids with the higher scores who didn't strive for anything get into University ( who are complaining about the students failing their courses).
The kids who aimed a bit higher are bundled off to TAFE.

Students apply for University courses via VTAC. Selection officers from the various institutions rank students in each course they apply for using a number of indicators, one of which is the ATAR. The ranking they decide may not correspond to the ATAR. The institutions then make offers to students, (over a number of rounds) until the available places for that course are filled.

I wish that it could be recognised that the kids who are struggling with Physics and Calculus are not dumber than those who waltz through the easy subjects.

That's why scaling is applied.

( Also it would help if the public schools had teachers who understood these subjects ).

How do you know they don't?

 

[boydie]

Majak Daw pulled his car over on the Bolte bridge and jumped into the Yarra last night.
Fished out of water with a broken hip according to HS.

Hope the bloke is alright, what the hell was he thinking??

 

[CaptainRisky]

Majak Daw pulled his car over on the Bolte bridge and jumped into the Yarra last night.
Fished out of water with a broken hip according to HS.

Hope the bloke is alright, what the hell was he thinking??

You serious ? Guy must be f---king mental

 

[SaintsSeptember]

In Victoria General Maths is taken in Year 11. Further Maths Units 1 and 2 is also taken in Year 11, as is Specialist Maths Units 1 and 2.

At Year 12, students can take (in reverse order of difficulty) Further Maths, Maths Methods and Specialist Maths. (Units 3 and 4)



Year 12 studies are scaled. Studies are scaled on the basis of the average of the study scores for students. So if in Maths Methods a student gains an average study score of 30 and the average study score across all studies for students taking Maths Methods is 34, that 30 is scaled up to 34 for the purposes of calculating the ATAR.



Students apply for University courses via VTAC. Selection officers from the various institutions rank students in each course they apply for using a number of indicators, one of which is the ATAR. The ranking they decide may not correspond to the ATAR. The institutions then make offers to students, (over a number of rounds) until the available places for that course are filled.



That's why scaling is applied.



How do you know they don't?

Comments by students, and published statements that the Education department is having trouble getting teachers who can teach physics and higher mathematics.
Why on earth would anyone wanting a teaching career take Physics and Methods when it would only drag their overall score down.

( I was lucky when i went to school, the Physics teacher had two doctorates from Harvard, was well worth navigating the Yorkshire accent. He got the maths questions as well, since our math teacher at the time would dive for the answer book and start mumbling. ).

 

[boydie]

You serious ? Guy must be f---king mental

Yes very sad if it is infact him, must be going through tough times.

If anyone here feeling like this, reach out for help please

 

[Roylion]

Comments by students,

Which students? Where?

and published statements that the Education department is having trouble getting teachers who can teach physics and higher mathematics.

About 20% of maths and physics teachers are teaching out-of-field. There is a looming shortage. However many public schools do have physics and maths teachers who do understood these subjects.

Why on earth would anyone wanting a teaching career take Physics and Methods when it would only drag their overall score down.

A 30 in Methods was scaled up to 35 in 2017.
A 30 in Physics was scaled up to 32 in 2017.

 

[CaptainRisky]

Yes very sad if it is infact him, must be going through tough times.

If anyone here feeling like this, reach out for help please

You can only think he must have jumped , very sad and from all reports it is him

 

[ScrappyDo]

You can only think he must have jumped , very sad and from all reports it is him

It's very sad for Maj. Goes to show that money and fame are hollow when it comes to mental health. Thankfully he's alive still and will be getting some help, but it goes to show the pressure that some of these young men feel, and might inspire the clubs to step up their mental health monitoring for players. It makes me remember where JB looked like he was at this year and what the supporter reactions were. We really do need to cut these boys some slack sometimes, coz fat paychecks are irrelevant when your mind strays to dark places. I'm glad Maj is "ok". This could have been much much worse..

 

[SaintsSeptember]

Which students? Where?



About 20% of maths and physics teachers are teaching out-of-field. There is a looming shortage. However many public schools do have physics and maths teachers who do understood these subjects.



A 30 in Methods was scaled up to 35 in 2017.
A 30 in Physics was scaled up to 32 in 2017.

A student studying "Further Mathematics" may well have got 40 or higher.
Knock the calculus out an the whole thing becomes incredibly easier.

But you seem to think the system is good. I think it sucks.


https://www.news.com.au/lifestyle/p...s/news-story/4ccf75d67435455e9464dda275208caa

So do some others.