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Thread: Oz Politics.

  1. #15786
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    Default Re: Oz Politics.

    Quote Originally Posted by The Bigfella View Post
    I started my first paid job at 14. Pay was about that too... about $14 a week.
    Wow you were rich my first pay was $11.95.
    ​"Life is under no obligation to give us what we expect." Irrfan Khan. RIP

  2. #15787
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    Default Re: Oz Politics.

    Oh I think a fella could find a lovely bush block down in Tassie for $180k

  3. #15788
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    Default Re: Oz Politics.

    Quote Originally Posted by skuthorp View Post
    "The disappearing Climate Change Authority means there will be one less group conducting vital research in Australia. We can’t accurately or effectively mitigate or adapt to climate change without the most up-to-date climate and energy analysis. This continues the Federal government’s pattern of cutting funding to climate research. First it was the Climate Commission, then it was CSIRO, and now the Climate Change Authority is on the cutting block."

    Maybe the French will offer them a job too.............


    The bank tax would make sense except it's a depositor and investor tax as the banks just pass it on
    The before tax house saving measure might be useful to someone on the verge of having a deposit, but for someone starting out given the penchant for governments to meddle, probably not such a good idea.
    Climate change. ..where?
    ​"Life is under no obligation to give us what we expect." Irrfan Khan. RIP

  4. #15789
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    Default Re: Oz Politics.

    Quote Originally Posted by Phil Y View Post
    Oh I think a fella could find a lovely bush block down in Tassie for $180k
    and up here you might find one like ours for $350K.
    '' You ain't gonna learn what you don't want to know. ''
    Grateful Dead

  5. #15790
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    Default Re: Oz Politics.

    A friend just bought an old house on an acre for $185K at Deepwater North of Glen Innes on the New England tablelands, not much work around though...... but he just turned 65 so he's not too worried.
    '' You ain't gonna learn what you don't want to know. ''
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  6. #15791
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    Default Re: Oz Politics.

    I'm interested in next weeks polls, I'd say the budget will give the Libs a small bump, what does the panel think?
    '' You ain't gonna learn what you don't want to know. ''
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  7. #15792
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    Default Re: Oz Politics.

    Too far to the next election for it to matter much, but yes initially he should get a bump.
    Depends on whether people believe anything they say.

  8. #15793
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    Default Re: Oz Politics.

    It's all about trying to remove the stain of the Hockey Abbott attempted budget I reckon.
    '' You ain't gonna learn what you don't want to know. ''
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  9. #15794
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    Default Re: Oz Politics.

    Seems like Donald has asked for more troops for Syria.
    "As the Trump administration prepares a new strategy for the Middle East fight against Islamic State, Malcolm Turnbull insists Australia will consider any US request for more troops on its merits.Australia already has 780 defence personnel deployed in the region carrying out air strikes and special operations, and with New Zealand troops training Iraqi soldiers and police.
    The prime minister, in the NZ resort centre of Queenstown on Friday for trans-Tasman talks, said Australia was making the largest non-US contribution to the coalition force.
    "We will assess all requests on their merits, as we always do," Mr Turnbull told reporters.
    "

    http://www.news.com.au/national/breaking-news/no-hints-on-us-accelerated-is-fight-payne/news-story/60614c94e8a88d6cb8632355c8965c48

  10. #15795
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    Default Re: Oz Politics.

    Quote Originally Posted by skuthorp View Post
    Seems like Donald has asked for more troops for Syria.
    "As the Trump administration prepares a new strategy for the Middle East fight against Islamic State, Malcolm Turnbull insists Australia will consider any US request for more troops on its merits.Australia already has 780 defence personnel deployed in the region carrying out air strikes and special operations, and with New Zealand troops training Iraqi soldiers and police.
    The prime minister, in the NZ resort centre of Queenstown on Friday for trans-Tasman talks, said Australia was making the largest non-US contribution to the coalition force.
    "We will assess all requests on their merits, as we always do," Mr Turnbull told reporters.
    "

    http://www.news.com.au/national/breaking-news/no-hints-on-us-accelerated-is-fight-payne/news-story/60614c94e8a88d6cb8632355c8965c48
    I thought it was for Afghanistan?
    ​"Life is under no obligation to give us what we expect." Irrfan Khan. RIP

  11. #15796
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    Default Re: Oz Politics.

    Quote Originally Posted by PeterSibley View Post
    It's all about trying to remove the stain of the Hockey Abbott attempted budget I reckon.
    I'm interested in next weeks polls, I'd say the budget will give the Libs a small bump, what does the panel think?
    Most likely right Mr.Sibley.

    On the other hand , the housing crisis will continue to push forward the negative gearing and capital gains tax issue.
    If you add the tax cuts proposed for the fat cats , then things become increasingly unclear.

  12. #15797
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    Quote Originally Posted by WX View Post
    I thought it was for Afghanistan?
    Me too! Perhaps both?

    Australia 'open' to US request for more troops in Afghanistan, Turnbull says

    By defence reporter Andrew Greene and staff
    Updated about 4 hours ago


    Australia is "open" to a United States request for more troops to be sent to Afghanistan, with Prime Minister Malcolm Turnbull confirming the Government is considering providing additional resources to the war-torn country.
    Key points:


    • The US has asked Australia to consider providing additional troops to Afghanistan
    • PM says the Government is "open to that", Opposition Leader leaves door open to supporting it
    • Australian troops mostly work in a training and support role with local Afghan forces



    The request for more help came during a visit to Afghanistan last month, where Mr Turnbull met with US Defence Secretary James Mattis in the capital Kabul.
    "We have been asked to consider additional resources, and we are actively considering that. We're open to that," Mr Turnbull told reporters in Sydney.
    But the Prime Minister said Australia must first also examine its existing Defence commitments in the region and other parts of the world.
    Australian troops in Afghanistan mostly work in a training and support role aimed at strengthening the Afghan forces' ability to protect their own country.
    "It is very important that we, and our other allies in the effort in Afghanistan, continue to work together to build up the capacity of Afghanistan's own security forces so that they can keep that country secure from the threat of terrorism," Mr Turnbull said.
    '' You ain't gonna learn what you don't want to know. ''
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  13. #15798
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    Default Re: Oz Politics.

    A possible good news story and good reason for a generous science budget ! http://www.abc.net.au/news/2017-05-1...t-boom/8518916
    '' You ain't gonna learn what you don't want to know. ''
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  14. #15799
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    Quote Originally Posted by PeterSibley View Post
    A possible good news story and good reason for a generous science budget ! http://www.abc.net.au/news/2017-05-1...t-boom/8518916
    Looks promising .

  15. #15800
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    Default Re: Oz Politics.

    Social Security Cannot Go Broke


  16. #15801
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    Default Re: Oz Politics.

    Deficits:


  17. #15802
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    Default Re: Oz Politics.

    I am really pleased that I happened to log in here in the last couple of days, because I agree with Phil. as to how life was 50 years ago, I disagree with wet feet , in my life it was pretty much industrial revolution. within a mile or so of where I grew up was the EZ works, a zinc smelter, Blundstone boot factory employing 500, Derby products, a white goods manufacturer, Dowell windows, another big factory,an abattoir whose business name I can't remember.and countless other factories.
    So far as buying houses, I well remember looking at a house and thinking it would be possible for me to buy that house. I had a deposit equal to forty percent of the asking price, but there wasn't a bank in the land that would lend the balance, because you had to be married to get a mortgage.
    Now I feel bad about that experience, but all you golden haired socialists are looking back at the past and forgetting those borrowing restrictions. just suppose you were a woman thinking of buying a house.
    I would say we are in a far better place now, but removing those restrictions obviously puts more buyers in the square and drives prices up.
    One more thing,
    I invite you to look at the next 10 newspaper articles you read about the housing crisis, and I bet the phrase you will read is "Young people can't get into the market" I invite you to compare that phrase with " Young people can't buy a house"
    Do you see where the emphasis is? The press is really trying to fuel the bonfire for the benefit of their real estate section- they don't give a toss about any real issues in this space.

  18. #15803
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    Default Re: Oz Politics.

    No Shamus, I'll ask my kids how they find it .... and they've told me. Impossible. Prices are rising faster than they can save.

    I didn't need a mortgage, Carol and I saved it all , cash.
    '' You ain't gonna learn what you don't want to know. ''
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  19. #15804
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    Default Re: Oz Politics.

    ok Peter and I'll ask mine. The most impoverished one has a house, which he bought with zero money down but a good attitude (an impossible scenario in my youth)
    the richest of my kids have no house, but a joint income of 200k. no excuse not to have a house, but prefer to continue to rent a house in Brisbane for 300 a week, which is exactly the same price as 4 years ago. They have never bothered the landlord about any maintenance issues and he hasn't raised the rent. They are happy.
    i have a daughter who is desperate to buy a house, but not to have a place to live, but to get into the market.
    i have another son who is still a student, and therefore should have student aspirations, like beer on Friday night.

  20. #15805
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    Default Re: Oz Politics.

    Another question. do you think that the experience you have passed on to your kids has influenced their response? Do you think that just because that is how it worked out for you, they have some deep seated idea that they should be able to save enough to buy a house for their savings? I see refugees from South Sudan buying house here.

  21. #15806
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    G'day Shamus, it's been way too long since you made an appearance. I trust you and yours are well.

    I got a mortgage as a single man with a trade in 1968 and I was working casually in ski resorts at the time, not a big one I'll admit. Mum as a shop chain manager got one to buy out dad when he took off in about 1954.

  22. #15807
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    Default Re: Oz Politics.

    Quote Originally Posted by shamus View Post
    Another question. do you think that the experience you have passed on to your kids has influenced their response? Do you think that just because that is how it worked out for you, they have some deep seated idea that they should be able to save enough to buy a house for their savings? I see refugees from South Sudan buying house here.
    I know my kids liked having me largely at home when they were little, I was able to earn a decent if small income at home in the workshop. That may have influenced them but their primary reason for wanting o own is to be able to plant a few fruit trees.

    They both have partners, a child and good jobs. I'm sure they appreciate the differences in property pricing and the impossibility of home ownership while paying rent.
    '' You ain't gonna learn what you don't want to know. ''
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  23. #15808
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    Quote Originally Posted by Phil Y View Post
    Oh I think a fella could find a lovely bush block down in Tassie for $180k
    $180K that you first have to save up Phil. My spouse was in home lending for more than a decade for one of the big four banks .
    Banks will not lend for that .

    And what would you do with it Phil ?
    No job to go with it.

    Self employed , someone could possibly do it , but that would mean running a business.
    Again , banks are not keen to lend .
    Where does the money come from to set that up , and how many years would it take to do so ?
    Banks want to see certified income. A bush block is not considered an asset to the banks.

    That " lovely bush block " is not a realistic option for most.
    Last edited by Wet Feet; 05-12-2017 at 06:10 PM.

  24. #15809
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    Default Re: Oz Politics.

    Quote Originally Posted by Wet Feet View Post
    $180K that you first have to save up Phil. My spouse was in home lending for more than a decade for one of the big four banks .
    Banks will not lend for that .

    And what would you do with it Phil ?
    No job to go with it.

    Self employed , someone could possibly do it , but that would mean running a business.
    Again , banks are not keen to lend .
    Where does the money come from to set that up , and how many years would it take to do so ?
    Banks want to see certified income. A bush block is not considered an asset to the banks.

    That " lovely bush block " is not a realistic option for most.
    I was specifically responding to Peters assertion that what he did, save and buy a bush block, would be impossible today, because there are no blocks available for $180,000.00 I think there are plenty. Not many people now, or when Peter was young, can save $180,000. That's quite an achievement. Peter built a house, made money in various ways, self employed, working for others, growing veggies, cutting timber, and has had a satisfying if modest life without debt.

    I dont suggest that's for everyone. I did pretty much the opposite. Saved nothing. Found a cheap house in the not too distant suburbs, put the 5% deposit on my shiny new bankcard and borrowed the rest at 18%. The repayments were a killer. Traded up to a smaller house closer to the city as soon as we could, and then a bigger house 4 streets away from that. Lower interest by then, but bigger mortgage. Etc etc. I now regret the money we spent on interest and stamp duty but there you go.

    You make decisions to suit you and the economic and social environment at the time and live with those decisions. Kids these days, or refugees who arrive with nothing and whose skills are not recognised, make choices. Some complain about the housing crisis, others go buy a house.

  25. #15810
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    Default Re: Oz Politics.

    Quote Originally Posted by PeterSibley View Post
    I know my kids liked having me largely at home when they were little, I was able to earn a decent if small income at home in the workshop. That may have influenced them but their primary reason for wanting o own is to be able to plant a few fruit trees.

    They both have partners, a child and good jobs. I'm sure they appreciate the differences in property pricing and the impossibility of home ownership while paying rent.
    I saw a nice quote on Facebook this morning. Planting a garden is an act of confidence in our future. Something like that. I'm glad your kids want to plant a garden.

  26. #15811
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    Quote Originally Posted by Phil Y View Post
    I was specifically responding to Peters assertion that what he did, save and buy a bush block, would be impossible today, because there are no blocks available for $180,000.00 I think there are plenty. Not many people now, or when Peter was young, can save $180,000. That's quite an achievement. Peter built a house, made money in various ways, self employed, working for others, growing veggies, cutting timber, and has had a satisfying if modest life without debt.

    I dont suggest that's for everyone. I did pretty much the opposite. Saved nothing. Found a cheap house in the not too distant suburbs, put the 5% deposit on my shiny new bankcard and borrowed the rest at 18%. The repayments were a killer. Traded up to a smaller house closer to the city as soon as we could, and then a bigger house 4 streets away from that. Lower interest by then, but bigger mortgage. Etc etc. I now regret the money we spent on interest and stamp duty but there you go.

    You make decisions to suit you and the economic and social environment at the time and live with those decisions. Kids these days, or refugees who arrive with nothing and whose skills are not recognised, make choices. Some complain about the housing crisis, others go buy a house.
    Actually, we'd saved the equivalent of $180K , the 20 acre block cost $13K after survey and stamp duty, +++. I built a house with what was left, about $3K.
    '' You ain't gonna learn what you don't want to know. ''
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  27. #15812
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    Default Re: Oz Politics.

    Quote Originally Posted by PeterSibley View Post
    Actually, we'd saved the equivalent of $180K , the 20 acre block cost $13K after survey and stamp duty, +++. I built a house with what was left, about $3K.
    So there it is : You had those choices then . You saw the opportunities and took them.

    No such choices for your kids now. Things are not better , or easier today. No way.

  28. #15813
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    Default Re: Oz Politics.

    And I can't see things improving. Automation plus Amazon probably kills half of retail if not more.
    The Government ether is not interested in chasing corporate tax avoidance, or cannot.
    I think we're screwed.

  29. #15814
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    Quote Originally Posted by skuthorp View Post
    And I can't see things improving. Automation plus Amazon probably kills half of retail if not more.

    I think we're screwed.
    I recently read some articles that clearly demonstrated retail sector was technically in recession.

  30. #15815
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    Default Re: Oz Politics.

    Quote Originally Posted by Wet Feet View Post
    So there it is : You had those choices then . You saw the opportunities and took them.

    No such choices for your kids now. Things are not better , or easier today. No way.
    Housing has become more expensive. Although interest rates are much lower. But people still have choices and those who are determined to buy a house can.

  31. #15816
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    Quote Originally Posted by Wet Feet View Post
    I recently read some articles that clearly demonstrated retail sector was technically in recession.
    Im sure that's right. My car rental business is doing about half the business this year that it was the last couple of years. I think there is some genuine underlying change in the economy. But also a lot of media generated hysteria. End of the world and all that.

    I also think it's good. Most retail stuff ends up in landfill within 12 months. We need that to slow down a lot. I hope a lot more people will lead the sort of life Peter has. And I'm sure other models of living will develop which do not have conspicuous consumption for its own sake as the main theme. Smaller houses, shared spaces, stronger local community, less reliance on huge corporations.

    I have a young cousin, just setting out in his career. He and his partner and their new baby have moved to Melbourne for the jobs they want, and are renting an apartment in a brilliantly designed small complex. Passive solar design, solar power and water. No laundrys in the units. There's a communal laundry on the top level. That on its own gets people together. But there's also small raised garden beds on the roof. One for each bedroom in the units. And a bbq area. It works well, creates relationships. I love it. They can't buy yet, not in inner Melbourne, but the fresh approach to housing and community is great.

  32. #15817
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    Great post Phil.

    I hope more people will come to realize that we need to make adjustments to the way we think about life in the 21st century.

    I agree with all of that.

    The focus should go more towards forging communities.

  33. #15818
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    Default Re: Oz Politics.

    Quote Originally Posted by Wet Feet View Post
    So there it is : You had those choices then . You saw the opportunities and took them.

    No such choices for your kids now. Things are not better , or easier today. No way.
    Bush blocks are available but really bush blocks now, New England tableland . http://www.realestate.com.au/propert...gton-201712026
    Here's an example, a acre block for $40K. Viable if you can earn an income via mail ( which I did for several years) or the net.

    '' You ain't gonna learn what you don't want to know. ''
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  34. #15819
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    Default Re: Oz Politics.

    Would your kids go for that Peter ?

  35. #15820
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    Default Re: Oz Politics.

    My girl's might like it but both have jobs that pay well in the city and education for their children is very important. The schools out there may be good .... or they may not be.

    Being able to come up with a an online income would help.
    My gig was making these boxes from fence posts and railway sleepers. I made 4200 of them and sold the lot over 7 years. All by mail and phone, something that could be done from anywhere.



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