Australian Dollar
#34
Re: Australian Dollar
I'm sitting here wondering if these events are going to signify the biggest change and impact I've had in my 5 decades of life so far.
#35
Banned
Joined: Feb 2008
Posts: 421
Re: Australian Dollar
http://news.sky.com/skynews/picture_...309646,00.html
I am approaching my fifth decade, too f@cking quick, nearly there, but looking at the link above, its f@cking depressing here in the UK, the fronts of the national wails!
Where i am from - http://iccoventry.icnetwork.co.uk/01...name_page.html
I am approaching my fifth decade, too f@cking quick, nearly there, but looking at the link above, its f@cking depressing here in the UK, the fronts of the national wails!
Where i am from - http://iccoventry.icnetwork.co.uk/01...name_page.html
Last edited by brendarover; Mar 18th 2008 at 12:38 am.
#36
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
#37
Re: Australian Dollar
Aussie economy is more closely pegged to Asia / China / Japan than US / UK. Bring it on ~ who cares ~ got no mortgage, got no credit cards and there'll always be somebody willing to flog cheap veggies. As for the USA / UK ~ GREED comes to mind ~ maybe all those fat cats sitting on a dozen rental properties might wake up and realise the boom is over ~ maybe not. Enjoy the sun, your family, kids, the life you have and not the life you think you need.
#39
Re: Australian Dollar
Aussie economy is more closely pegged to Asia / China / Japan than US / UK. Bring it on ~ who cares ~ got no mortgage, got no credit cards and there'll always be somebody willing to flog cheap veggies. As for the USA / UK ~ GREED comes to mind ~ maybe all those fat cats sitting on a dozen rental properties might wake up and realise the boom is over ~ maybe not. Enjoy the sun, your family, kids, the life you have and not the life you think you need.
1929 = Buddy can you spare a dime
1931 = Happy days are here again
1933 = we're in the money.
History and economic downturns follow specific patterns generally, so if those people with those houses can hang on... boy are they going to be wealthy. I hope no one gets hurt.
#40
Re: Australian Dollar
Some guy on Lateline Business is predicting that the price of holiday homes in places like the NSW Central Coast and Mornington Peninsula could easily fall by 50%. This wouldn't surprise me at all. We sometimes rent houses on the coast that are worth $700K for just $700 per week. The house prices in those areas are completely out of whack.
Personally, I can't wait. I don't have any debt and have always fancied a nice beach house
Personally, I can't wait. I don't have any debt and have always fancied a nice beach house
#41
Re: Australian Dollar
Aussie economy is more closely pegged to Asia / China / Japan than US / UK. Bring it on ~ who cares ~ got no mortgage, got no credit cards and there'll always be somebody willing to flog cheap veggies. As for the USA / UK ~ GREED comes to mind ~ maybe all those fat cats sitting on a dozen rental properties might wake up and realise the boom is over ~ maybe not. Enjoy the sun, your family, kids, the life you have and not the life you think you need.
#45
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Australian Dollar
Just talking to my ole man about this.... He remembers the tail end of the 1929 recession... probably just on heresay from his siblings... Anyway he reckons you can track history via song.
1929 = Buddy can you spare a dime
1931 = Happy days are here again
1933 = we're in the money.
History and economic downturns follow specific patterns generally, so if those people with those houses can hang on... boy are they going to be wealthy. I hope no one gets hurt.
1929 = Buddy can you spare a dime
1931 = Happy days are here again
1933 = we're in the money.
History and economic downturns follow specific patterns generally, so if those people with those houses can hang on... boy are they going to be wealthy. I hope no one gets hurt.
My brother sold and made a loss, this was in UK, must have been in the 90's, by the time he was confident enough that the market was OK again he ended up paying more than he sold for to get back in, add buying and selling costs he would have made far more staying put. Had no reason for selling except panic.
Selling in SE qld might be difficult anyway seriously there is nowhere to rent, zippo, whats available gets 30+ applications, theres already people living in tents and caravans and motels as they cant find a rental
But theres so much media panic, in real life dont know anybody who has any intention to sell and live in a tent cause their mortage has gone up, should do a poll.
Last edited by jad n rich; Mar 18th 2008 at 8:59 pm.