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About Turkey

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    A strong property market is a strong economy.

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  1. My 2 little rants and I have no idea if they are relevant to this topic are: 1. Everything being viewed through a political lens and people supporting their "tribe", especially anything to do with the USA. E.g. it seems that every Democrat and left leaning media organisation has already decided that Kyle Rittenhouse is guilty and every Republican and right leaning media has decided that he is innocent. FFS, why should the political orientation of the viewer have anything to do with judging whether someone is guilty of murder/homicide or was innocent and acting in self defense? 2. Why TF have Australia and New Zealand committed themselves to the "free" AstraZeneca vaccine manufactured by CSL at this early stage? Lobbying $$$ well spent I guess... It blows my mind that when there are so many different vaccine candidates being trialed around the world (dozens?) that the government would pick a winner before the results of phase 3 trials. IMO this is a definite case of it being more important to pick the correct candidate in terms of effectiveness and safety rather than being a first mover. Imagine if this vaccine punt turns out unlucky and there are far more effective vaccines out there. I can imagine a scenario where certain countries won't recognise the Australian vaccine and different sets of vaccines are recognised by different countries. It could lead to a scenario where you have to take multiple doses of various vaccines all with rushed stage 3 trials if you want to travel through a number of countries
  2. I didn't listen to the podcast but the answer is no, just no, hell no. Investing in a specific company in Africa is way more risky than investing in a company in first world countries. Apart from the normal company risk, you have country and currency risk. E.g. a country might look stable enough, then the president loses the election, doesn't recognise it and decides he is president for life. Another scenario is that the president's son/daughter/nephew/niece/dog gets an ownership stake in a competitor in return for political favours. The following week parliament ushers in new legislation that effectively dooms all its competitors. Hammering the printing presses and wild inflation is another favourite. The only thing I would consider would be something like an ETF of ETFs from a reputable outfit that invested in a diverse mix of companies in a large number of countries to spread the risk. I might consider investing in something like that for half a second before deciding no.
  3. NBN was a stupid idea by Labor, stuffed up to perfection by the Libs.
  4. Interesting, b_d was popular with the bears on GHPC when he saw falling house prices ahead. Then he (correctly) turned bullish and the bears turned on him. Now he is ruffling feathers by forecasting falls. I don't see the controversy; his company collects some of the most detailed housing data in Australia so he is in an advantageous position to make forecasts.
  5. Gold Coast is the closest I have come to the ideal weather for me. Summer a little hot, winter a little cold but all within acceptable bounds for an outdoor lifestyle year round. Cultural hotbed too. The perfect weather I think would be at altitude near the equator.
  6. 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.
  7. 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.
  8. 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).
  9. 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
  10. Love him or not, I think that Joye has the best track record of the mainstream pundits wrt house prices since the GFC.
  11. 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.
  12. Spill !!!
  13. Is this the part where somebody is supposed to say that they can't see Ronn Moss or a hat in that photo?
  14. 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...
  15. 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.)