The off topic thread 4.0

[jd2010]

I have a mate coming back on Mar 31. Haven't heard from him this week, are flights still running for Aussies returning home?

Not too sure if they're letting any flights out. Definitely none in

 

[UnitedWarrior93]

Still heaps of people out and about in the outer melbourne suburbs, and the social distancing still doesn’t appear to be kicking in, people just going about business as if nothing wrong at all, saw a guy sneeze into his hands at the petrol station, then proceeded to grab the pump to fill his car up... couldn’t believe it!!

 

[Fwoy]

There shouldn’t be too much resistance, one would need to demonstrate their hardship though. Also just factor in that it’s not necessarily a waiver of repayments, it’s a pausing/deferral. From my understanding, that would mean that in Fwoy’s example, that on month 4 he would need to then cover the previous 3 months of repayments in one lump sum. (I may be mistaken though, but point being keep an eye on the fine print and make sure it suits your circumstances).

nah, it will be spread across the remainder of the life of loan

 

[TubbsFarquhar]

Still heaps of people out and about in the outer melbourne suburbs, and the social distancing still doesn’t appear to be kicking in, people just going about business as if nothing wrong at all, saw a guy sneeze into his hands at the petrol station, then proceeded to grab the pump to fill his car up... couldn’t believe it!!

This is why trying to enforce social distancing doesn't work. All good in theory but the scenes in Bondi prove that too many people don't care or are oblivious. A UK-style lockdown is the only viable option, unfortunately.

 

[Bojan KantKick]

Still heaps of people out and about in the outer melbourne suburbs, and the social distancing still doesn’t appear to be kicking in, people just going about business as if nothing wrong at all, saw a guy sneeze into his hands at the petrol station, then proceeded to grab the pump to fill his car up... couldn’t believe it!!

That shit is why we had to lockdown in the UK. Especially Londoners being selfish campaigners.

 

[Bojan KantKick]

 

[WealstoneRaider]

That shit is why we had to lockdown in the UK. Especially Londoners being selfish campaigners.

Still at it this morning according to pictures I’ve seen. Tubes still packed

 

[99 Problems]

On the positive side of things I’ve noticed a pretty noticeable shift on public transport and working in the city here in Sydney the last couple of days. Still see the odd group not distancing, but they stand out as the odd ones out now which wasn’t the case a week ago.

 

[Bojan KantKick]

Still at it this morning according to pictures I’ve seen. Tubes still packed

A lot less trains running would be the reason.

I know that a lot of people are closing down building sites today. I.e. what might be safe tomorrow wont be safe in 3 weeks etc

 

[moomba]

The definition of an essential business needs tightening. Places like Sports Direct and WH Smith are staying open.

 

[WealstoneRaider]

Sports Direct have done a u-turn thankfully. Now to close down non-essential construction sites. GMTV just zoomed in on a load of workers all standing around almost on top of each other. Madness

 

[Ahsog]

Lots of vids circulating of what appears to be Chinese people spitting on food, seats, escalators, lifts, etc.

 

[glenferry23]

In your analysis how does this compare to post GFC 2008?

I worry more now for unemployment than comparative to the GFC. This is next level unfortunately. The extent of industries impacted and people subsequently out of work is unprecedented.

The size and scale of the relief packages and support available via the government and banks is testament to how genuine that worry is. It’s something that we won’t really know the full toll of for another 3-6 months, depending.

 

[Ahsog]

The definition of an essential business needs tightening. Places like Sports Direct and WH Smith are staying open.

100%.

I also heard Myer were advertising discounts on Easter eggs (in store only). Pretty shithouse.

 

[WealstoneRaider]

Lots of vids circulating of what appears to be Chinese people spitting on food, seats, escalators, lifts, etc.

Wtf is a matter with these people? Words fail me

 

[SM]

100%.

I also heard Myer were advertising discounts on Easter eggs (in store only). Pretty shithouse.

What else are they meant to do?

 

[glenferry23]

nah, it will be spread across the remainder of the life of loan

Good to hear, just be absolutely certain you’re across the terms and conditions.

My general understanding of it was that say if loan repayments are usually $100 a month, and you defer for say 3 months. Then on month 4, a borrower would owe $100 for that month’s regular repayment, and in addition $300 for the deferral period. Making an overall lump sum of $400.

Just a general suggestion to anyone seeking this relief to be totally across the rules of each lender. I’m already hearing of the confusion caused by the wording in their announcements (ie, there’s a clear difference between a “deferral” and “waiving” of repayments).

 

[undefined]

I worry more now for unemployment than comparative to the GFC. This is next level unfortunately. The extent of industries impacted and people subsequently out of work is unprecedented.

The size and scale of the relief packages and support available via the government and banks is testament to how genuine that worry is. It’s something that we won’t really know the full toll of for another 3-6 months, depending.

AMP Capital chief economist Shane Oliver has predicted that unemployment will likely shoot up to about 10 per cent and this could result in a 20 per cent drop in Melbourne and Sydney house prices.

 

[Ahsog]

What else are they meant to do?

You’re kidding, yeah?

 

[SM]

You’re kidding, yeah?

Never mind.

 

[Ahsog]

Never mind.

 

[jd2010]

What else are they meant to do?

Sell them online or give them away with online purchases over $100

 

[SM]

Sell them online or give them away with online purchases over $100

Sure, they could do that too. Clearly they want to encourage purchases of other stock though?

 

[Ahsog]

Sure, they could do that too. Clearly they want to encourage purchases of other stock though?

I would’ve thought there are other ways (such as the ones jd2010 mentioned) in which they could encourage sales without going against the advice of the government and putting the community at risk.

 

[Kompany]

That woman spitting on bananas was posted on reddit (video been deleted now), yet no one has reported on it. Not sure it's definitely fake of course, but it looks like it. There's a lot of bs going around at the moment. Don't believe anything you see.