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About Solomon

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  1. Making it harder and harder to get off the grid. If you want to stay outside of the system just don't try to fly or have your children unregistered. Surely they could only access dna, if the children were born in state institutions. Reality is proving to be closely related to fiction.
  2. We really are different here!!!!
  3. This is just ludicrous. It is true. Mr Bumble from Oliver Twist got it right, "the law is an ass."
  4. Thanks guys. That makes sense.
  5. I couldn't find a copy of the speech Philip Lowe presented yesterday, so I can't perceive the context for his comment, but if he sees a need for a rate rise, I would like to know what is the driver. Is it the housing bubble any longer, or something else more insidious? Is it wage freeze, in which case would a rate rise influence companies to hire or to fire? Is it price inflation on good's or services? Again I ask which way would a rate rise drive these things. I say this, because as the housing bubble comes off the boil, wouldn't the RBA be more likely to want to hold rates where they are, for a slow release? Any manipulation of the levers could set off a domino. In my/our focus on housing, have we actually missed some other section of the economy that is a cause for concern. I'm asking questions, because I don't see from any recent data, any indication that a rate rise is warranted.
  6. Hi zaph, Don't worry. I'm not in any danger of exploding, but I have been watching this unfold for over 30 years in Australia. The "builder" generation lived in corrugated iron huts with often 10 or 12 in the one house. That often built their own homes, and surprisingly many of those homes still stand. (They don't build them like that any more!) That wasn't good enough for the next generation. They wanted larger dwellings and smaller families. Baby boomers went even further. Governments in cahoots with banks and real estate saw a market ripe for picking. With government regulation driving the nature of builds associated with increased costs, they slowly created an industry that destined many not to be able to afford to build or buy a home. We are seeing the end result of decades of policy that ramped up the whole home market "business". We can never go back now. They have burnt all the bridges that once allowed a keen young couple to purchase a small block of land and construct their own home. Now we have a situation where only a select few own far more houses than they can live in, and others will never own. I would love to see some historian trace the history of our current home price bubble. It would be fascinating to see what legislations were introduced at Federal, State and Local government levels that contributed to the increasing prices. Maybe there is a PhD in it for someone. Thanks for caring zaph.
  7. Not going to see any change then! I don't fully know why, but this whole report makes me extremely angry. These people couldn't possibly empathise with people who see no possible way of ever owning their own home, without extreme and massive debt. And I would dearly love to know - How implicit in the rampant rise of home prices since the year 2000 have politicians truly been? They are intimately connected with the information that must be channelled through government agencies. This is insider trading at its finest. Is the Royal Commission into the Financial sector even going to include and consideration of government policies? And why aren't the Real Estate industry included in this Royal Commission. They are "hand in glove" with the banks and mortgage brokers, and even the Superannuation industry. I can't help but feel the whole housing mess has been a sustained conspiracy to keep many people in the lifestyle they have become accustomed. Filthy rich!!!
  8. I think I agree with Mr Med. The zip files are cumbersome to load and then unpack. I guess I will just have to persevere. Thank you Cobran for trying. Regards. Sol.
  9. Cobran, Is it possible to get the size of these screenshots reduced? It seems to take ages to load on my internet speed (non - nbn).
  10. I happen to agree. Since the year 2000 when house prices increased 300%, I think we have arrived at a new normal. Too many people have made extraordinary amounts of money from housing, and they will maintain the levels. It would be an apocalyptic scenario to go back to $150,000 (average sized) housing from the heady heights we are currently experiencing. The most anyone can expect might be 25%. There would be so much wealth destruction with a 70% decline that almost half the population would be living in poverty. I just can't see it happening either. Unfortunately I am probably one of those who have been left behind. I will now no longer ever to be able to afford a detached home, and may have to be content with a unit, or villa somewhere. I'm sure if I went out west far enough I would find a home that I could afford, but at what cost to my lifestyle. I like your work Mr Med, and I do appreciate your comments on many subjects, but on this particular occasion I think you are wrong. No disrespect but my imagination is unable to create a scenario that would fit your suggestion. For those of us who have been left behind, we can only wish and dream such might be the case, but I doubt it. The chook has flown the coop!! I just feel for the future generations, because we are slowly but surely suffocating the working classes, and wealth is being accumulated in less and less hands. Human dignity will be lost somewhere in this.
  11. Hi zaph, What's your preferred genre? If you like horror/zombie/blood and guts, there seems to be a lot of material on netflix. My son watches these gory things, I can't stand. However, I have watched a couple of episodes of Vikings. Apparently it is as close to authentic, as we have historically been able to prove. I watched a documentary about the making of it, before having a look at the episodes. Not to everyone's taste I imagine. My wife watched "The Handmaid's Tale" which is an adaption of the Margaret Atwood book. Pretty good, I'm told. I've also watched a few of the Children's cartoons, when the grand-kids have come over. Some I wouldn't probably pay to see at the cinema/theatre, but worthwhile when its on my subscription. Personally, I'm more into Sci Fi, Futuristic, or Philosophical Thrillers. Occasionally I like a war movie, or one that stretches my imagination a little more. Some movies I have watched that might warrant a look include "The Revenant", "Transcendent" "Equilibrium" "Bright" "War Machine" "The Fundamentals of Caring" "Django Unchained"
  12. When I accessed the link, it had a short video of Andrew Winter giving hints about private sales. Why did Andrew Winter leave the UK? When the market there began to turn, he suddenly turned up in Australia "Selling Houses - Australia". Why does my blood boil, when I see his show, where they slap a bit of paint around, fix up a few dodgy bathrooms and then get $50,000 more for the property. Why not sell the property as is, at a greatly lower price and let the new home owners have the joy of slowly fixing it up themselves? I just find that there is something deceptive about their intent. The owners only find out the short-cuts they took after living in the place for a year, and the paint suddenly begins to peel off the ceilings. I'm also optimistically hoping one year, that "The Block" will also have an almighty fail. None of the properties sell for months!!! To the extent that Channel Nine has to actually bankroll the contestants themselves. Oh wait, that's right they have no money.
  13. What exactly did he buy? It takes a little bit of effort to spend $7500. Flights (Jetstar/Qantas/Virgin), Accommodation (Double Room/Executive suite, Studio apartment??) Food (Macca's, KFC, Hungry Jacks, etc.) Entertainment (Birch, Carroll and Coyle $40 to see a movie? Alcoholic beverages?? Gaming?? Travel fares, etc. These guys live in a whole different world, to the working classes. I'm almost prepared to go back to barbarism. Every person for themselves. I wouldn't survive long, but at least I would feel liberated.
  14. Hi Cobran, Thanks for posting these snapshots. I would wonder what other database has such a record of graphics which illustrate the state of the economy. Perhaps the ABC might keep a record but this is an amazing array of material for anyone interested in viewing a graphic representation of the past 10 or more years. It is a credit to you and I hope that "SimpleSustainable" can retain the record somehow. We don't hear from RE much these days, but we are indebted to her too, for keeping the page operational. So, I for one, are grateful to you for your time in providing this service, because I rarely watch the ABC news or see Alan's segment on the TV. Thanks. Solomon.
  15. This piece by Matt Barrie has been featured in several forums. This is referenced from Zero Hedge. Thought it was worth a new topic. So much to talk about. Which card will fall first? Which card will be played by the politicians in one last ditch effort to keep the dream afloat? Which card do the banks require to be maintained in order to stay solvent? So many cards. So little time. ****Warning - Very Long......****