Turkey

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About Turkey

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    A strong property market is a strong economy.

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  1. As is pretty much every government announcement that at first glance appears to have some substance e.g. the 457 visa scrapping bait and switch. At this stage I don't know whether to blame cretinous politicians or the voters who refuse to have unsustainable middle and upper class welfare reduced.
  2. IMO the best thing that you can do is to think like a power company. They have their target revenue for the year, and then they figure out how they are going to get it given power usage, time of day usage patterns etc. At the moment they are loading peak because that negates solar panels. Late afternoon the panels aren't producing (much), people come home from work, turn on the a/c, the tv and cook dinner so the power companies target that period. If a significant number of people install solar panels and batteries to cover their peak usage, all that power companies will do is to load the supply charge to recover the lost revenue. This is exactly what happened to water in SE QLD after the last big drought. People installed water tanks, low flow taps and shower heads, water efficient appliances, boreholes/spear pumps etc. and average water consumption dropped markedly. All the water companies did was to hike the supply charge massively to compensate. I am a heavy water user because I frequently top up my pool and yet consumption is only 35-45% of my bill, depending on time of year. I think that it only makes sense to install solar or a battery if you can get a payoff in a very short period e.g. 3 years or less and you are planning to stay in the same home until you are carried out of there. Any scheme with a long pay back is likely to fail because of the power companies shifting the goal posts.
  3. I think that this is because stuff like meat, eggs and nuts (not too overboard with the nuts) is what we should be eating. Long but good: https://www.youtube.com/watch?v=3vr-c8GeT34 I used to be very disciplined about eating according to mainstream Western guidelines i.e. low fat high carb, avoid red meat, eat whole grains, seldom ate junk food, choose low fat everything like milk, mayonnaise etc, blah blah. I did a fair bit of high intensity cardio/strength type of exercise e.g. CrossFit, Freeletics. I'm 1.81m and used to weigh around 84kg. I switched to eating almost only meat, vegetables, eggs, nuts and fruit and cut out bread, pasta, potatoes and anything high carb. No real change to my exercise intensity, perhaps a slight drop due to a knee injury. I'm now 75kg, without losing muscle, and I don't often feel very hungry. When I was eating high carb, I used to clockwatch before meal times and just about eat my thongs in anticipation. I had my triglycerides (fats in the blood) tested a little while ago and and the result was 0.4 mmol/L, which is pretty ridiculously low (so much for eating fat making you fat).
  4. And right on cue, Westpac loosens lending criteria for housing investors: http://www.smh.com.au/business/banking-and-finance/westpac-lowers-deposit-hurdle-for-property-investors-20160523-gp1i2c.html
  5. Love him or not, I think that Joye has the best track record of the mainstream pundits wrt house prices since the GFC.
  6. Money would be my guess. A quick search indicates that you can get farmland for $5000 to $8000 an acre in Ohio, depending on the quality of land. Well drained good soils on level ground being on the higher end. That is equal or less than the demolition and removal cost of a house, which is probably only a quarter acre at best judging by the video. Then you have to get rid of roads, pipes, driveways etc.not to mention foundations, which must be horrific to get rid of. Then I would question the quality of the soil and you are probably looking at bringing in a whole heap of top soil from somewhere.
  7. Spill !!!
  8. Is this the part where somebody is supposed to say that they can't see Ronn Moss or a hat in that photo?
  9. I would also do it, but I don't think that it is going to work. You can see that power companies work backwards: they start off with the profit that they want to make (there was an article from a whistleblower in QLD about this) and then they figure out how they will adjust their billing accordingly. The amount of solar in QLD has forced them to increase the supply charge to hit their target, from 91.751c per day to 128.018c per day (a 39.52% increase to about $467.50 annualised). They even slightly decreased the price of the main tariff 11 in the process. Another couple years of this and we will face the same model as water where the bulk of your bill is the access charge (unless you are a ridiculously heavy user) so you don't bother to limit consumption. I'm sure the increase in water efficient appliances, toilet cisterns, taps etc. led to the water companies having to change their billing model (apparently after the last drought water consumption never reached prior levels). I also think that there will be a supply charge for electricity if there are cables in the street, the same as water. There will be no way around it unless you live in the bush. Cop it in both ends alright...
  10. There is this in the articie: I think that RP Data's index is a lot more sophisticated than any other (the "hedonic adjustments" etc.)
  11. I'm not so sure about that, do you have any stats surrounding this? My guess is that it may be the case when people from a richer country move to a poorer country (per capita), but not vice versa, at least for the 457 type visas and skilled visas (obviously a different story for the small % of people on investor visas). I do know that the whole process of moving country sets you back a lot financially , been there and done that. The costs of the visas/ immigration lawyers, selling excess stuff and buying it on the other side, transporting containers, selling property in your previous country etc (transaction costs). is not insignificant.
  12. One would hope so, but (from the article you posted):
  13. Luckily for the Nationals and the Greens, the foreigners pricing out the locals are Chinese. This means that they get to wave the get-out-of-jail-free race card in the air. If the people buying 40% of Auckland properties were blonde-haired, blue-eyed employees of the Norwegian sovereign wealth fund then they might have to get off their arses and try to present a rational argument as to why this was acceptable.
  14. Is that using well known brands? I had similar issues some years back with the old energy savers and then after reading about the shortcuts taken in the manufaturing of the cheapies I switched to the big brands and had far less trouble. When I moved into the house that I just moved out of, I replaced all the globes with LEDs. I used Philips and Osram and while the initial cost was eye-watering, I only changed one bulb in four years.
  15. Some of them are dimmable and some aren't. If you go to Bunnings or wherever, just check the box. There is usually an icon on the box that indicates whether it is dimmable or not (they are usually a bit more expensive than the standard LEDs).