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this is true, I only have one degree and plenty of my mates dont have doubles and they are doing fine. If you are a total social tard and unable to interview then for some roles a double will help... also the who you know BS always plays which is unfortunately the real world.

that seems like a pretty easy criteria

that had nothing to do with my question but I expected as much, and ill be renting from my parents portfolio in the short term before i decide a PPOR (probably after an investment prop) makes financial sense, thanks for the offer last post in this thread, but my lessons I have learned include...

and how much more will wages be if it is infact stagflation not inflation?

well then it comes down to whether a person regards there home as an investment or there place of residence, if the latter the buy now, buy at any price without analysis probably isnt the best.

what happens in the second scenario if rates go to 14%?

I largely agree with most of what youve said. There is also now more of a segment of kids/young adults my age that are basically spoilt rotten. My uni class was 95% upper/lower north shore Sydney private school. Never worked for anything, silver spoon etc, I predict a generation of kids not...

funny you say that, when India gained independence their model was that of central planning, and only recently adopted more of a free market ideology and thus have seen it have the largest growing middle class in the world. also Hong Kong, probably the best example of free market (atleast under...

cocaine, its a helluva drug

you are absolutely right, there is a lot wrong with big business, but im not going to go into a whole economic history for everyone in the thread, but a few brief points.. no we didnt have laissez faire at all, we had nearly the opposite, big business is the inbred corruption where govt...

sadly it is the state of modern society post ww1/depression in the western world, US is arguably the largest socialist govt in the world, it disgusts me. We have had a brief flicker of laissez faire, non big brother society, maby im too idealistic in believing govts will do the right thing...

im not waiting for them to disappear, rather less 'on the table', timing a market bottom is fools play. I dont want to be slave to the job to make ends meet for repayments (and in turn be susceptible to rate rises), im in the process of getting as much of my savings into investments for cash...

last post in this thread, gots to sleep http://www.youtube.com/watch?v=HvSjiq1pLVY

ive got my economics degree honors, starting my masters in eco, done the whole internship with big multinationals selection process yada yada, now work for probably the largest private fund in Australia (no investor cash)... we are not special by doing this, it is quite common among young people...

well 6 figures range from 100k-999k

what number would you suggest?

im well aware on the creation of money and debt as the basis of the system. The MAJOR difference being that you have to put your money somewhere (under bed or wateva) and the principal cannot be touched.

yes their is angst, i dare say with good reason, and no matter how much people believe the baby boomers will never have to sell, that is the generation who they will be selling to. I also agree that rent is dead money to a degree, if I own my PPOR and its $600 a week in repayments, i can rent...

sure id love to 'can' to wager, of course this will be measurable over the net.. i love the assumption that im just sticking money in the bank aswell.. yes id say im vastly more intelligent 'that' others, but then im only young and a 40 year old is of course smarter than a 30 year old and...

"property always goes up" im an idiot