My old boss use to say a country and it's people are much better off during harder times . He said life was easier , things were cheaper and there was a lot less stress.
This guy was a very successful multi millionaire, he built Melbourne Hi Rise, so when he spoke , you thought!
He also reckoned Governments would always be in debt , don't worry about it because it only means they're are spending our taxes on us and that's what they're spose to do with our money . Well that part I've always understood and agreed with . A surplus to me only means they're hording "my'' money with cut backs , exactly what Costello did .
Well , it's official , they've done stats .
Now we're not talking deep recessions here , just slow economies as apposed to boom times .
They reckon people are twice as stressed during boom times , work longer hours to pay much higher prices on everything or keeping up with new work coming in. Buying more junk food, alcohol , not seeing their family as much and when they do, it's under much more stress, governments start hoarding our money rather than spending it on us trying to boost a slower economy .
Where as during harder times people don't work as much , eat or drink as much crap , their workloads a lot less , things are much simpler , much cheaper and interest rates and house prices, mortgages are much more manageable. They're home a lot more and as long as they're coping ok they are actually at a much better peace and much happier than in boom times. Plus , governments actually spend our money on us trying to boost economies and that's what they're suppose to spend it on. And that statistically speaking, though out history countries and their people have always wound up paying the price after the fact anyway from boom times .
So there ya go, it's all something I've often wondered about since those days back at that job and now living through this last mega boom of our country over this last 10 yrs. Seeing the consequences , prices , OS stuff that's now going down after theirs of the same. The huge changes in our country, it's people , mentality , prices, the world in fact and the possibilities of where we're headed next .
Then you have the mortgages ordinary people could now be left holding the bag with .
As compared to the 17% days , which was when I bought my very first property, right smack in the middle of it , this last 10 has been and still is very very hard stuff unless your one of the lucky ones that came out on top.
And don't forget , that fat lady hasn't sung yet and we really have no idea just what the song will be as yet , that could be a few yrs away.
Food for thought , well for me anyway.
Cheers
This guy was a very successful multi millionaire, he built Melbourne Hi Rise, so when he spoke , you thought!
He also reckoned Governments would always be in debt , don't worry about it because it only means they're are spending our taxes on us and that's what they're spose to do with our money . Well that part I've always understood and agreed with . A surplus to me only means they're hording "my'' money with cut backs , exactly what Costello did .
Well , it's official , they've done stats .
Now we're not talking deep recessions here , just slow economies as apposed to boom times .
They reckon people are twice as stressed during boom times , work longer hours to pay much higher prices on everything or keeping up with new work coming in. Buying more junk food, alcohol , not seeing their family as much and when they do, it's under much more stress, governments start hoarding our money rather than spending it on us trying to boost a slower economy .
Where as during harder times people don't work as much , eat or drink as much crap , their workloads a lot less , things are much simpler , much cheaper and interest rates and house prices, mortgages are much more manageable. They're home a lot more and as long as they're coping ok they are actually at a much better peace and much happier than in boom times. Plus , governments actually spend our money on us trying to boost economies and that's what they're suppose to spend it on. And that statistically speaking, though out history countries and their people have always wound up paying the price after the fact anyway from boom times .
So there ya go, it's all something I've often wondered about since those days back at that job and now living through this last mega boom of our country over this last 10 yrs. Seeing the consequences , prices , OS stuff that's now going down after theirs of the same. The huge changes in our country, it's people , mentality , prices, the world in fact and the possibilities of where we're headed next .
Then you have the mortgages ordinary people could now be left holding the bag with .
As compared to the 17% days , which was when I bought my very first property, right smack in the middle of it , this last 10 has been and still is very very hard stuff unless your one of the lucky ones that came out on top.
And don't forget , that fat lady hasn't sung yet and we really have no idea just what the song will be as yet , that could be a few yrs away.
Food for thought , well for me anyway.
Cheers
