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  1. W

    Timing for the next Fed. election

    re Yeah, I agree that the election would be around either pre May - if Swan cannot get a surplus, or dragging out to Late Oct / early Nov as Labor taking their time to take the shine off Abbott's armour. Look at the end of day, I dont see much difference between either party. Yes, may be...
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    Getting rid of the Carbon Tax

    re I am actually neutral on the carbon tax issue. Let me explain this way: At the next election: 1. If labor wins, the carbon tax goes ahead, tax increases, and small people like us pays. 2. If liberal wins, and if carbon tax gets cancelled. Then we have 'direct action'. Where...
  3. W

    the savings nightmare

    re Pension pay out is not the only cost an ageing population does. As one age, its more likely that they will be less healthy than when they are young. And therefore, they will need more doctor's visits, take more medications, and if they are unable to look after themselves, they needed a...
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    Scarcity of Women Leads Men to Spend More, Save Less

    re From my experience its more simpler than that. If a girl is interested in you, she would make it easy, and you dont even have to spend too much money to get her attention - e.g. take her on a pinic date. If a girl is not interested in you, then you can spend as much money as you...
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    Fertile Land - NSW Acreage

    re Depends on what kind of disaster you are expecting. If its economic, then the plan may work, provided you have a good supply of seedings and animals. However, if its a natural catastrophy, or significant climate change, then you may find what is fertile now may not be so when that...
  6. W

    Bunch of jealous whiners

    re however: 1. The cost of food - e.g. food and vegetables have increased, and at times way over inflation. 2. The cost of essential utilities - e.g. electricity had gone up more than CPI. Internet is an additional cost of live which is now essential. 3. Flat panel TV - well, it...
  7. W

    Bunch of jealous whiners

    re Re However, its just as wrong to generalize the younger generation as it is to older generations. If you look from a different perspective: 1. The cost of living is higher 2. The cost of housing is higher - income to price ratio, and that average income cannot afford to buy an...
  8. W

    A practical example of socialism

    re re I believe a society have to have a balance between socialism and capitalism. For example, our national defence force is a great example of a socialist system. And from time to time, questions were raised regarding its overall cost efficiency. And yet, one can be sure than no...
  9. W

    Want to buy a nice house for PPOR.. is now the time?

    re Unless you have a large deposite. Taking aside the loans that you already have. Just say you have a deposit of 500,000 and need to borrow 1,000,000. On a interest of 6.75%, would be extra $67500 a year of interest. Which then translate to an extra spend of $5625 of interest repayment...
  10. W

    Free money from PI

    re re Really? 35? You be so bored if you retire by that age. :) In addition to investment, there are of course other ways to reduce your PAYG tax. I work for various charity organization. For each, I get 15000 of expenses tax free - this can be my own home mortgage or credit card...
  11. W

    Prahran or South Yarra to live - any streets to avoid?

    re If money is not a problem, then definately buy in Kings Domain, or near the Botanic garden precint. Warrenkh
  12. W

    Solving the housing affordability crisis

    re re: I am also one of those 'landlords' who worked hard from bottom up. And I agree, most of the investors here started out in fairly poor shape, otherwise we wont be doing much investing. To give you an idea of how hard it was. I am a 1980 baby. Both of my parents lost their blue...
  13. W

    Health Check

    re For those of us who are more mathematical minded, here is a PDF that doctors use to work out the risk of having a cardiac / cerebral event for a patient in the next 5 years. http://www.sld.cu/galerias/pdf/servicios/hta/ebm_cardio_new_zeland.pdf You can probably work it out yourself as...
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    Latest Melbourne Median Strong Tops $600,000!

    re Again, the measurement they use is 'median'. This figure can vary alot depending on the pool of figures they draw it from. The more important indicator would be how much your investment increase by rather than the overall median average. Having said that, may be its true! Broadmeadows...
  15. W

    Where has my backyard gone?

    re I look after my parent's house whilst they are overseas. They have a modest 650 m2 block and a moderate size back and front yard. I usually do this on a weekday when I am free - which is very rare. But I tell you what, those damn grass grow faster than my hair especially after recent...
  16. W

    Port Melbourne

    re re Port melbourne is a funny area, you get a mix of the rich and the poor in one happy place. Well, I suppose the same can be said for many other inner bay suburbs in Melbourne. I would say, do a drive around, and make sure its not in mist of commission blocks. And also check on some...
  17. W

    QLD Floods and Property Prices

    re Re I think it really depends on how many people died in a certain town in comparison to the size of the town, and also if there is any fatality for the property itself. If people remember the Black Saturday, at this stage, there are still alot of empty blocks and for sale signs in the...
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    Sea Level Rise - Release of maps

    re re If the sea level change does happen, and parts of Melbourne underwater. Then you can be sure that there will be hundreds of cities in the world would have the same problem. And the same goes for farmable lands around the world. In which case, I think we all have MUCH bigger worries...
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    Sea Level Rise - Release of maps

    re re Hmm, its a map for 2100. Well, by then I be dead unless some absolute miracle happens. And whats going to happen to my investment 20 or 30 years after my time is beyond my caring. Otherwise my life is too full of worries. Warren.2010
  20. W

    will house prices continue to double every ten years?

    re As an investor, I am very fearful of buying at the moment. First of all, the yield is quiet low interms of cost and rent. But thats due to the amazing increases of prices throughout Melbourne. Even out in places like Ringwood, Nunawading, Forest Hill - so very ordinary suburbs. A good...
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