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Also, we have already been thru GFC mark I and came thru vaguely intact compared to the rest of the world ... means we are in a much stronger position than the USA to weather GFC mark II.

Some interesting thoughts - but your comparisons are right off. Subprime was lending to borrowers who had no visible means to repay - erog the term NINJAS loans (no income, no job/assets/savings). FHB-ers might be mortgaged to the hilt, but they still had to jump to hoops to show that they...

Looking at them now ... I'm looking out my window at my beach and ocean view and tucked down, right in front of the beach, is 6 blocks, of 24 units per block, 100% housing commission. Taking up several acres of top dollar real estate (Nathan Tinkler paid $8mil for two side by side standard...

And that's another of my bug bears ... dept of housing houses should be for those in desparate need, with a time limit of 5yrs unless they are elderly or diagnosed with an incurable mental health issue. 5 years is plenty long enough to get yourself sorted out and back on your feet, even if...

I completely agree. It is easy to say "take the dole off the druggies" etc but in turn they will beget crime to pay for their habits or needs. And I also agree - as I look out the window at the 120+ Dept Housing units sitting right on the beachfront in CBD Newcastle ... That block of...

Newcastle ... guy at the local lawnmower shop already has a list of over 20 waiting for a guy to become available to do their lawns.

Doesn't surprise me. Guy next door has been trying to find someone to mow his lawn for months now. He's on every waiting list he can find, but still can't find someone to mow. I'm also trying to find a builder for our reno. Most are booked up until next year ... but did manage to wrangle a...

disclaimer: I agree that underemployment is a problem and that unemployment is on the rise. 3.3 million? I'm one of them ... not working, not looking for work, don't need to work, off doing other important things (was raising kids, now starting my own business). Know quite a few people in...