Unemployment up to 5.3% (10 month high)
- Thread starter buzzlightyear
- Start date
Blame the then unions and anti-rich movement of the 1970's. So like now, blame the socialists and anti-capitalists of that era. And the plebs voted socialist Green and Labor into office, so why are you complaining.
Tcocaro, you have your "up yours" from the union movement every time you look at these buldings.
? "Paying less than $700 mate. Jealous much" No? I pay a lot more and wish I didnt have to but thats completely beside the point. I simply used $700 to illustrate a point a figure taken from your own completely arbitrary links\examples of a rental figure for the area.
I have lived a big chunk of my life in Western Sydney, lived in Fairfield and went to school there so please dont lecture me like I am some red wine sipping leather bound chair sitting reformist, as your ignorance is palpabable.
The history of the building has NOTHING to do with any of the tenants there (and you know this as you backtracked towards the end), just as much as any government housing in Balmain has nothing to do with its current inhabitants.. or do you suggest Balmain is still a blue colored working town?
So why do you even mention this? An attempt to show off your knowledge of history? Perhaps instead next time try to show off your ability of bringing up relevant points or examples to the discussion instead.
It makes complete economic sense to sell a government unit/housing which is worth perhaps as much as 2 million each and use those funds to build 10 more like it further west. However you say No because its inhumane? I am not saying kick them out onto the street but instead move them to more affordable housing pardon the pun.
I have lived a big chunk of my life in Western Sydney, lived in Fairfield and went to school there so please dont lecture me like I am some red wine sipping leather bound chair sitting reformist, as your ignorance is palpabable.
The history of the building has NOTHING to do with any of the tenants there (and you know this as you backtracked towards the end), just as much as any government housing in Balmain has nothing to do with its current inhabitants.. or do you suggest Balmain is still a blue colored working town?
So why do you even mention this? An attempt to show off your knowledge of history? Perhaps instead next time try to show off your ability of bringing up relevant points or examples to the discussion instead.
It makes complete economic sense to sell a government unit/housing which is worth perhaps as much as 2 million each and use those funds to build 10 more like it further west. However you say No because its inhumane? I am not saying kick them out onto the street but instead move them to more affordable housing pardon the pun.
No matter where you go, including North West Sydney, public housing tenants always pay less than the locals (the sydney harbour area is no different). I'm sure in all locations, the locals begrudge that the bludgers pay much less.
Paying less than $700 mate. Jealous much, while you trudge all the way out to the Western Suburbs, even public tenants are living better
But maybe also get a history leason on why the Sirius building you linked was built. If my family lived around the harbour and the government was forcing everyone out to develop, then I'd expect to be accommodated around the harbour still at government expense. I'm sure not all tenants are the original lot however.
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I dont blame anyone but us, us Australians happy to sit and take it up the ar$e on a daily basis and use the excuses of the past to explain the BS that is occuring today.
Hey tcocaro, aren't you (along with evand) some of the more left leaning members of the forum supporting Labor and Greens, etc. So you should be all for the public housing (allowing the poor to live in the locations of the rich and evil capitalists).
Funny, all for the socialist agenda, except where it impacts you directly.
oh thats gold... me and evand in the same boat... if there is one person laughing more about this post than me right now its evand.
Lets see your accusing me of being a wealthy, developer, green supporting, left leaning, western suburb raised, anti-capitalist?
Seriously bluestorm your too much.... thanks for the laugh...
Lets see your accusing me of being a wealthy, developer, green supporting, left leaning, western suburb raised, anti-capitalist?
Seriously bluestorm your too much.... thanks for the laugh...
Hey tcocaro, aren't you (along with evand) some of the more left leaning members of the forum supporting Labor and Greens, etc. So you should be all for the public housing (allowing the poor to live in the locations of the rich and evil capitalists).
Funny, all for the socialist agenda, except where it impacts you directly.
Tim, selling public housing (or 99 yr leases to it) in Millers Point to fund a great deal more public housing in less expensive locations elsewhere is exactly what is happening.
Predictably, public housing tenants currently there - and Clover Moore of course - are opposed to it, but curiously so too is the National Trust. I wonder where the National Trust thinks the public housing tenants will find the money to retain the heritage character of these houses?
Of course! From Housing NSW, who in turn would require the government to extract it from us! (So, let's see: Get on the dole, get into a million-dollar harbourside heritage-listed house, and then get the National Trust to petition for taxpayers to be milked even more to renovate it for you. Where can I sign up for this beautiful life?)
Predictably, public housing tenants currently there - and Clover Moore of course - are opposed to it, but curiously so too is the National Trust. I wonder where the National Trust thinks the public housing tenants will find the money to retain the heritage character of these houses?
Of course! From Housing NSW, who in turn would require the government to extract it from us! (So, let's see: Get on the dole, get into a million-dollar harbourside heritage-listed house, and then get the National Trust to petition for taxpayers to be milked even more to renovate it for you. Where can I sign up for this beautiful life?)
Don't you just love it
Almost as much as I love Tax Benefit Part A, Tax Benefit Part B, Tax Benefit Part C, Tax Benefit Part D, Tax Benefit . . . Part Z.
Say the people who have made money on property during the boom by negatively gearing. (having tax payers cover your loss).
Ah, but how much more will I have I paid in stamp duties, mortgage registration fees, land taxes, and eventual CGT? And wasn't I one of those same taxpayers throughout? Nor did the relatively small negative gearing contribution 'cover' my loss. It simply reduced it: I still carried a far heavier burden with my after-tax dollars to keep providing the rental housing that the public purse can't afford to.
Get a clue, Brainstorm. You're beginning to sound more like a bitterly-twisted troll every day. What happened: Did the stock market recently give you a downright thrashing?
Nah mate. I said that it would rise for a bit after the anticipation of QE3 (but be a dummy rally).
Unemployment has started to rise, as I expected it would with the two speed economy, and everything apart from mining struggling. I expect the unemployment rate will be above 6% by Feb 2012, 7-7.5% by the end of 2012.
Hi Bluey
You also predicted negative GDP for the June quarter and that we would now be in a recession.
What goal posts have you now moved?
No mate. Same as you property investors don't really look at month-month median movements. Australia's heading for a recession.
The high dollar in the quarter contributed to GDP with a rise in Investories. Exports are still slowing. Just means that the Sep and Dec quarters will be negative. (2 quarters extra, sue me).
And for the most part, Australia IS in recession already. Just look at the businesses struggling on the ground. The official figures are just skewed by a boom in mining, but will catch up eventually.
Fair point. So I take it your sole stock market play these days would be writing puts on industrial stocks, right? (Personally, I've been buying Port Hedland real estate to get at least some exposure to the only game in town.)
Hi again Bluey
So basically if all parts of the economy move in the way you predict you may be correct, for you, a very inconsiderate economy at the moment.
And lets not allow facts to get in the way.
"Exports are still slowing"?????????????????????
Exports GAINED 2.6 percent, adding 0.6 point to the expansion.
Read more: http://www.sfgate.com/cgi-bin/artic...-0KDA48V62DC04HLON5I8OLJ5C3.DTL#ixzz1Xe3wDebR
and very inconsiderate of the ABS to include mining in GDP.
This is the same as your prediction that house prices would crash by 30%
by the end of 2011 and your excuse that it didn't happen as the Government
propped up prices with buyers grants.
There's the real world and then the Bluestorm world.
And lets not allow facts to get in the way.
"Exports are still slowing"?????????????????????
Exports GAINED 2.6 percent, adding 0.6 point to the expansion.
There's the real world and then the Bluestorm world.
I'm stating net exports figures from the ABS website - Net Exports (-0.5 percentage points) was the largest detractor.
Turk read back. I have said through 2012 for the property correction (15mths to go on that prediction). Let the rag doll go.
You predicted unemployment to rise? you genius you as only a genius could have ever predicted unemployment to rise from "full employment"
Belbo I agree that this is the case and there a numerous examples of it including the row of terraces a year or so back that went to auction right under the bridge, woolloomooloo etc.
What I am probably advocating is that it becomes government policy rather than a series of arbitrary examples e.g. every 7-10 years (or whatever is deemed financially viable\beneficial) government housing stock is sold and replaced with more units but cheaper locations.
This to me sounds like common sense.
It is amazing to think that once upon a time right after world war government housing use to be managed with a wall of keys were people come and take a set and once back on their feet return the keys.
How did things go so wrong, perhaps bluestorm was made advisor to the government in this regard
What I am probably advocating is that it becomes government policy rather than a series of arbitrary examples e.g. every 7-10 years (or whatever is deemed financially viable\beneficial) government housing stock is sold and replaced with more units but cheaper locations.
This to me sounds like common sense.
It is amazing to think that once upon a time right after world war government housing use to be managed with a wall of keys were people come and take a set and once back on their feet return the keys.
How did things go so wrong, perhaps bluestorm was made advisor to the government in this regard
So agriculture is struggling is it , guess it is it is struggling, struggling to meet demand because the ports and delivery infrastructure are at full capacity (thanks to Greg Combet). Also struggling because of lack of workers, 100,00+ needed. Mines not going ahead because there are no workers, another 100,000 + needed. House hold consumption up 1%, Buisiness investment up 2%, Domestic demand up4.8%, Annual GDP growth rate 5% ? Real domestic income grew 2.6%. Record savings/ bank deposites so much that interest rates are going down.
