Recent content by cloudyday

True. Thing is most people don't apply their rules universally. One person might complain about that car losing half its value as soon as they buy it thus calling it "a stupid move", but they'll go out, eat KFC and exercise vigorously for 2 hours burning off that bad food, when it would of been...

Every major country had a property collapse. There were only a handful that didn't and Australia was one of them, Keen made a prediction based on solid facts. Keen is a man of science and maths. He cares about numbers only and that is where he had it wrong. Had he understood the effects of the...

If you bothered to read the tax stats report from the ATO, majority of the people "e.g. people who earn over $250k/year", do NOT have IPs. When you define "rich family" are you referring to those with net worth of over $50+ million? If so, many of these families do not "borrow" money to NG...

hmm I thought people with lots of investment properties had higher paying jobs? Seems like a whopping 74% of negatively geared property investors are on less than 80,000/year income. Seems really low... $80k/year is peanuts in this day and age if you live within 20km of the CBD. Even if this...

You do realize that if you have 50% ownership in any of those offshore companies, you must declare your income in Australia and pay taxes in Australia because you are domiciled here. The only way of avoiding this is if you move to another country. You should talk to your accountant asap. I've...

I have a pal that knows someone who owns a huge franchise system and the owners words to him was something like.. "The little guys do all the hard work for us and make us the money, they take out $400k loans so we can give them a job"

The super rich only get tax 15% max (by having all their wealth in shares). You can be filthy rich and be on the lowest tax rate in the world!

Chrome is fast but it has privacy issues, when you install and agree to the terms, it lets Chrome send every URL you visit, every search term you ever search for and every form you fill in (unless going through SSL) gets sent to Google. I would trust Google, but not their employees. There was a...

The display homes usually have about $100-$150,000 worth of extra inclusions over their standard prices.

Indifference, you are talking to a crowd of people who just understand 1 thing and that's buying property... It's always funny to see people who have no clue about a topic jumping in and attempting to make out they are experts though. It happens all the time, everywhere. lol.......

If you earn $80,000 or more each year, you are in the top 13% of the Australian workforce... apparently.

Access to credit and managing repayments. imo, it's very easy to get loans for two properties for any average Aussie earning around $60k/year, but getting any more bank loans and managing repayments after that is another thing.

I think Aus will face a recession in 2015. why? China will massively reduce buying resources from us (esp iron ore) because they will get enough from the massive mines they're currently building in Africa which is due to open in 2015. The mines are so massive they have export capabilities that...

I too think the Australian welfare system pays too well for people to bother with "work". We advertise for jobs and getting quality people is hard. In one week, we book 5 for appointments. Only 1 came in and he was an hour late... It makes me think sometimes, those who strive and work hard to...

Your boss was likely losing money for years and only managed to decide to shut down the business because it was losing "too" much money. Interesting how employees want to ensure they suck every last penny out of the business before leaving their job, despite knowing the owners are going bust...