I would not waste the eggs as they are highly enriched with protein, iron, vitamins, minerals, and carotenoids feathered friend .
Bye Trent
- Thread starter tookey
- Start date
Class of 96
Bencher
I think a serious crash is well on the cards. Our debt to income ratio along with other financial indicators exceed the figures experienced by the US and UK prior to their dramatic crashes. It’s only the stupidity of artificial stimuli like negative gearing that is stalling the crash, but on the other hand fuelling a problem of more monstrous proportions. It’s heading back to feudal times where the minority of the population owns the great majority of property and assets, leaving the rest to live like serfs.
Note: no, I am not one of those lefty of centre types.
It always has been a cycle of economic highs and lows . We have not had a low period for years now . The good news is tough times dont last but tough people do
The moral of the story ?
Pull your finger out and do the hard yards and this will get you out of any tough situation .
Excuses bring you jack sht .
Nice one JeffreyWash your mouth out.....
HappilyManly
Journey Man
Oz does not have non recourse loans on residential real estate.
US crashed because sub prime loan people just left their keys in their mortgaged homes and the banks had a huge amount of stock to try and sell.😎
Here the banks just sell your other assets and take the mortgaged dwelling to boot.
The negative gearing aspect is cheaper for the government than the capital outlay to building their own housing.
Don't panic feathered friends 🙂
Dee Why Eagle
Bencher
and get rid of negative gearing and watch the properties available for rental dry up
HoldenV8
Journey Man
Who the hell is Jeffrey?
That was like drink it Freddie drink it...
Terry Zarsoff
First Grader
We’re soaking in it. Nostalgia that is.
You get uncle Charlie
No you get uncle Charlie
No you get uncle Charlie
Class of 96
Bencher
Nostalgia ain’t what it used to be
Loaded dog
Well used Member
I cannot relate to this environment. (sorry!)
manlyfan76
Them / They
What happened in the lead up to the GFC?Oz does not have non recourse loans on residential real estate.
US crashed because sub prime loan people just left their keys in their mortgaged homes and the banks had a huge amount of stock to try and sell.😎
Here the banks just sell your other assets and take the mortgaged dwelling to boot.
The negative gearing aspect is cheaper for the government than the capital outlay to building their own housing.
Don't panic feathered friends 🙂
Oil prices went throuh the roof, just as the Saudis have been threatening of late.
Dee Why Eagle
Bencher
It’s ok, he’s from Barcelona
HappilyManly
Journey Man
GFC or not, 2008 was a great year for Manly 😀
Thriving in adversity
HappilyManly
Journey Man
Trent Barrett has been spotted in Cronulla in recent days. Tipped to take over as @Cronulla_Sharks Coach if Shane Flanagan is banned by the @NRL - the Sharks also expected to cop a $400,000 fine @7NewsSydney #7news #nrl https://t.co/fJDrYg5Ccr
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Carn Toddy
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Carn Toddy
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