Australia’s property boom making the nation poorer

[JSOP]

That's why I am loud and fight against China, to wake people up to be harsher on Chinese and China. We should still hold China accountable for releasing the virus to the rest of the world so recklessly even though they already knew about it.

Well one thing though about the virus. We DO have to take responsibility for how we f***ed up on the handling of the virus. China had the same virus and had 10X of the population density than us and yet they were able to nab it in a few months with deaths only in the thousands. They had the discipline to lock down and wear masks and social distance while we were first downplaying the risk of the virus despite the repeated warnings of expert doctors like Dr. Fauci and then we had a moron president who chose to ignore science and not exercise leadership to effectively combat the spreading of it. So yes the virus did originate in China but you have to admit that the way the western countries chose to handle it was quite pathetic and disappointing.

 

[themickey]

Great place so long as yu don't mind carrying snake anti venom in yur back pocket everywhere.
Just kidding, that last sentence was for @Overnight.

Hasn't seen this thread yet as we have no song and dance video clip yet.

 

[DiceAreCast]

Sure but you also need to see that there are differences in countries of totalitarian regimes (China) vs countries where personal freedom is respected and honored. In China the government can swoop in and isolate and quarantine entire estates or districts. In US or Canada that is a lot harder or even impossible.

I am not blaming Chinese or China for how we handled the outbreak. I blame them for blatantly spreading it to the rest of the world by letting all those Chinese travel back and forth even though they knew at that time what they were dealing with. Why do you think they destroyed evidence and did not allow a comprehensive investigation by independent viral outbreak experts? Because they are covering up their shit. They thought if they have it why not give it to the rest of the world too. It is unproven but there is a slight possibility that they released it on purpose knowing full well that they can control it better than anyone else because they can tell their lemmings whatever they want them to do. Anyone who does not comply will be rounded up.

Well one thing though about the virus. We DO have to take responsibility for how we f***ed up on the handling of the virus. China had the same virus and had 10X of the population density than us and yet they were able to nab it in a few months with deaths only in the thousands. They had the discipline to lock down and wear masks and social distance while we were first downplaying the risk of the virus despite the repeated warnings of expert doctors like Dr. Fauci and then we had a moron president who chose to ignore science and not exercise leadership to effectively combat the spreading of it. So yes the virus did originate in China but you have to admit that the way the western countries chose to handle it is quite pathetic and disappointing.

 

[murray t turtle]

Well one thing though about the virus. We DO have to take responsibility for how we f***ed up on the handling of the virus. China had the same virus and had 10X of the population density than us and yet they were able to nab it in a few months with deaths only in the thousands. They had the discipline to lock down and wear masks and social distance while we were first downplaying the risk of the virus despite the repeated warnings of expert doctors like Dr. Fauci ........ So yes the virus did originate in China but you have to admit that the way the western countries chose to handle it is quite pathetic and disappointing.

%%
That, exactly;
except chicoms chose to export, let chicoms fly out, while locking them down in China \ because it came out of a bioweapons lab+ the bigger that data base , the better., for bio weapons.
DR fake Faccoi said @ first it would be no problem, mostly right;
unless [1] heavyweight,[2]heavy smokers [3] heavy in socialized med+ that's why Italy had a 10% or 11% kill rate.
Like one medical doctor said, he wears a mask for others, but its like a chain link fence stopping sand, a mask stopping that virus..............................................................

 

[Millionaire]

There are stories of couples who are both doctors earning six-figure salaries each and still can't afford to buy properties and can only live in their parent's basement. It's that ridiculous.

I lived in my childhood home till i was 29.
By my late 20s At home i was saving 50,000 a year. And had saved £120K in total. A couple of doctors on six figures each should be able to save $100,000 a year between the two of them.

You do what you have to do.
Brother in law moved to Sydney. Australia from India, without a penny to his name, 12 years ago. Has been working hard driving a Taxi for 12 years.

He just bought his first house, said he bought the land and the house was built new.

 

[DiceAreCast]

Perhaps far outside any city like Melbourne or Sidney. Perhaps with support from the tribe. Perhaps with huge loans under his belly. Perhaps a hut rather than a house.

Fact is you can't drive taxi for 12 years and buy a house and pay it off in 15 years unless above named factors play a significant role. Not in Australia. Not today. Ask @themickey

I lived in my childhood home till i was 29.
By my late 20s At home i was saving 50,000 a year. And had saved £120K in total. A couple of doctors on six figures each should be able to save $100,000 a year between the two of them.

You do what you have to do.
Brother in law moved to Sydney. Australia from India, without a penny to his name, 12 years ago. Has been working hard driving a Taxi for 12 years.

He just bought his first house, said he bought the land and the house was built new.

 

[JSOP]

Not much middle eastern money or Russian money in Canada as far as I can see. It's not that North Americans or Europeans are poor. But we are FUCKING NAIVE. We need to open our eyes and make decisive choices and protect our own markets. Bring back all essential manufacturing and especially high tech. Happening now but way too late. I am not for closed markets but I am strongly advocating for tit for tat. You get something if you give me something. Otherwise fuck off. We got the ability. For every Chinese hack into our infrastructure we hack their facilities and ground their entire cities, starting with Shanghai and Beijing. I am tired of hearing about those hacks and hardly anything is done about it in retaliation. Shutting down that Russian ransomware group is a start but nearly not enough. Anyone believe Huawei got as powerful as they are in 1/10 the time because they are so much smarter than our engineers? No, they stole and hacked, and copied like there is no tomorrow. And we did nothing.

I agree. We got complacent. We became the hare racing against the tortoise. But an eye for an eye is not the thing I believe. Going for the past is not the way. What we need to do is examine the past and learn from it and then figure out what we are going to do in the future. I agree we need to be more protective of our markets, our security, our intellectual property (waiving of the patent protection for the covid-19 vaccine was absolutely ridiculous) and to be more strategic in what we do. And now we need to look to the future. What is one thing that will catapult the economy to the next level? Increasing productivity. The way to increase productivity: Robotics. It's the end-game. And this is what the West needs to work on to be competitive.

 

[DiceAreCast]

Agree, I am not advocating to avenge wrongs from the past. I am advocating to shut down those Chinese games today and for the future.

Robotics? Hmm, let me check, there is that Japanese market leader Fanuc and the German market leader Kuka. Oh wait, I would need to check whether they are still German, last time I checked they wanted to sell out to the Chinese. Kuka, and fuck me, Chinese Midea owns it since 2016. So, there you go, this is what happens when we as western regulators are naive and sell out our national champions. Good luck with robotics mate

I agree. We got complacent. We became the hare racing against the tortoise. But an eye for an eye is not the thing I believe. Going for the past is not the way. What we need to do is examine the past and learn from it and then figure out what we are going to do in the future. I agree we need to be more protective of our markets, our security, our intellectual property (waiving of the patent protection for the covid-19 vaccine was absolutely ridiculous) and to be more strategic in what we do. And now we need to look to the future. What is one thing that will catapult the economy to the next level? Increasing productivity. The way to increase productivity: Robotics. It's the end-game. And this is what the West needs to work on to be competitive.

 

[themickey]

Perhaps far outside any city like Melbourne or Sidney. Perhaps with support from the tribe. Perhaps with huge loans under his belly. Perhaps a hut rather than a house.

Fact is you can't drive taxi for 12 years and buy a house and pay it off in 15 years unless above named factors play a significant role. Not in Australia. Not today. Ask @themickey

Australia

was found to have the third most expensive housing market in the world. ... Hong Kong took first spot and New Zealand took the second spot. The survey compares average home prices to median income, taking in 94 major cities and 406 areas in total.

https://www.google.com.au/url?sa=t&...FjACegQIBhAF&usg=AOvVaw0XvFsrwG5i0quH7E7LH8ha

Sydney’s housing is 12.2 times the median income and Melbourne’s is 9.5 times the median income.
Adelaide, Brisbane, and Perth were also ranked “severely unaffordable,” coming in at 6.6, 6.2, and 6.1 times the median income respectively.
“Among the 94 severely unaffordable markets, 33 are in Australia,” the report said.

This was a few years ago, could be worse now?

 

[DiceAreCast]

And divide this by 0.2 to 0.3 (savings rate pre rent/mortgage payments) and you are at 40 to 60 years of payments. Nice life ahead for the younger generation, not.

https://www.google.com.au/url?sa=t&...FjACegQIBhAF&usg=AOvVaw0XvFsrwG5i0quH7E7LH8ha


This was a few years ago, could be worse now?