Tuesday, August 22, 2017

Betting on the house

Australia's real estate obsession driving us to the brink.

"I think it's a powder keg." says investment consultant "The statistics are startling. Australians are carrying more personal debt than ever before".

For every one dollar earned, on average, Australians have nearly two dollars of debt. We hold the dubious position of having the second highest level of household debt in the world. Much of this stems from our obsession with buying real estate. http://www.abc.net.au/4corners/stories/2017/08/17/4719901.htm


http://www.abc.net.au/4corners/stories/2017/08/17/4719901.htm


So on the whole......i'm 50/50 about this, on one hand it was full of gotcha journalism and the most ludicrous cherry picking of facts. Sydney is not Ireland or Detroit - happy to discuss specifics on why but you've probably already heard them from me before.


On the other hand......its good to give the general public warnings but lets face it when you have the ANZ pensioner who receives a cold call and 48 hours later is signing of mortgage on an investment property in QLD with no income....seriously what was she thinking?


She deserved to be separated from her money (a fool and their money)....and no amount of warnings will help her.


In addition how many investors did they film and reject before they settled on the clip of "Beavis and Butthead - Pina Colada" investors...?


Seriously if you are in your 40's and only have $300k for your retirement any actuarial table with a 4% drawdown will tell you that you have a retirement income of around $12k pa in addition to your superannuation (or in their case most likely pension) or about $115pw per person.


You arent going to be travelling around the world drinking pina coladas on $115pw.
(There is a longer post about Beavis and Butthead on propertychat.com.au and details on their financials are on the Binvested website).

Yes Syd and Melbourne is expensive.

Yes property investors overspent on WA/QLD properties driven up by FIFO mining workers......but if people invested in mining company equities.....they have also fallen.

Are mining company investors also crying into their beer that they over invested on margin and got a margin call??

Nope.

Likewise.....neither should property investors be crying foul and claiming ..."the banks mislead me your honor and i was a poor naive victim of their trickery".

One final point i do want to make that "wasnt really highlighted by Four Corners" about our industry experts.

Why do you think they are appearing on TV talking about the future potential crash of Aussie property".....
This below was from a 2016 post

"The dream run is about to end. Price to income ratios are very high,” Mr Tepper said. “Anyone with a pulse could essentially get a mortgage,” he said.​

Hempton discloses has a short on the Australian housing market. Tepper has told 60 minutes, he will probably do the same.​"

Yep Jonathan Tepper – founder of London-based research house Variant Perception, known for his bearish views on the housing market has a short position and will make money when the Aussie market crashes.....

Lol btw as the market has gone up at least 10.9% in the last 12 months....Mr Tepper is most likely currently underwater on his own investment...........

But hey what do i know.

Wednesday, August 16, 2017

Filed under....where have you been and why didnt i do this sooner


Among its many awesome features, Microsoft Outlook allows you to easily map a contact's address using Bing Maps, making it simple to find their location. If you would rather use Google Maps instead, a simple registry edit will fix that……
- https://lifehacker.com/use-google-maps-instead-of-bing-for-contacts-in-outlook-1561303707




https://lifehacker.com/use-google-maps-instead-of-bing-for-contacts-in-outlook-1561303707


 

Where have you been all of my life…..very happy to have found this.

Monday, August 14, 2017

Preppers ....dumbest or smartest?

As an Australian before I moved to the USA I would have chuckled reading this article in the SMH - http://www.smh.com.au/business/world-business/for-doomsday-preppers-the-end-of-the-world-is-good-for-business-20170813-gxvfri.html



How loco are those Americans....what do they think is going to go wrong.

Having lived here in NYC for a few years I now understand how "out of the loop" and safe Australians feel. Our geography is a blessing and a curse.

Its a blessing that we don't feel the "knife edge" of potential change the way they do in Europe and we definitely don't feel the population struggle the way they do in Asia where just feeding the family is a daily win.

So feel free (and rightly so) to feel superior in your safety Australia, but remember decay and change "is" the status quo. You only have to ask an older person in Europe about "stable govt" and do they think they could see yet another change within their lifetime?

Or ask an economist in the USA.....how sure are you we wont see another 08 yet again......?

There are currently 4m people in Sydney..........and the food supply in Coles and Woolworths has a 72 hour turnover.

How many of those 4m could grow and feed themselves for a month should some kind of widespread event occur there?

Do I prep....you'll never know but I do know that the average human requires 3 liters of water per day (+2 liters for sanitary) and the average human will consume 50,000 calories a month so for a month....you could store everything you need under a single box spring mattress.

But hey....lets joke about NK and how loco preppers are (btw I also think NK is a joke.....but lots of other things go bump in the night).

BTW don't have enough space for 1x2x0.2 storage then get yourself a Waterbob from Amazon in the very least - http://bit.ly/WaterBob


Cryogenics

Would you cryo if it was cheap enough?

- http://www.scmp.com/news/china/society/article/2106762/husband-chinas-first-cryogenics-subject-keeps-his-love-and-hope


http://www.scmp.com/news/china/society/article/2106762/husband-chinas-first-cryogenics-subject-keeps-his-love-and-hope

Friday, August 11, 2017

#WITBragDay

Pretty cool hashtag
- https://twitter.com/hashtag/WITBragDay?src=hash

Madman


Hampton Institute


The US has 800 military bases in 63 countries worldwide, and military personnel presently active in 156 countries.

The US has been at war or in a military conflict for 224 of its 241 years in existence.

The US defense budget is over $610 billion yearly, which is higher than the defense budgets of the next 8 countries combined: China (215), Russia (69), Saudi Arabia (63), UK (48), France (55), India (55), Japan (46), and Germany (41).

The US is the only country that has ever dropped an atomic bomb on a population, killing about 200,000 people in Hiroshima and Nagasaki.

A December 2013 WIN/Gallup poll asked 67,806 respondents from 65 countries, "Which country do you think is the greatest threat to peace in the world today?" 24% of respondents said the US. The next highest perceived threat was Pakistan at 8%. 5% believed North Korea was the greatest threat.

The US has 6,800 nuclear armaments. North Korea has less than 10.

The US has overthrown or attempted to overthrow 57 foreign governments since WW2. North Korea has overthrown or attempted to overthrow 0 foreign governments since 1953.


........Pretty much about sums up the "conflict."

Thursday, August 10, 2017

Home grown challenge

Great challenge for people to consider taking up :)


We are so far removed from where our food comes from I think it would be a huge game changer for society to ground us back to reality.


- http://www.abc.net.au/news/2017-08-10/sydney-resident-lives-off-land-for-a-year/8792498




http://www.abc.net.au/news/2017-08-10/sydney-resident-lives-off-land-for-a-year/8792498

Monday, August 07, 2017

EMP

Doesn't really tell you anything you shouldn't already know.....but at least it does mention the 2012 near miss.

http://modernsurvivalonline.com/emp-survival-101/

Sunday, July 23, 2017

Final episode of #WestWing and moving on to #ER

I'm #NowWatching final episode of #WestWing lol finally got the Nancy and spend more time with your mother joke.
:)
https://www.facebook.com/NowWatching.tv/posts/1140141919421261

It was really weird watching the last ever episode of #WestWing last night eg thinking the next time we ever watch this series we'll probably be living back in Australia etc......

To cheer us up that we are done with the Bartlett administration and moving back into Trump reality we watched S1:E1 of ER last night as well....was awesome TV to watch.

So many people we knew and amazing 'story telling' not sure if its just the nostalgia sweeping over us that made it fun but really looking forward to watching this series end to end......lol though its a bit of an epic endurance eg 15 seasons with 330 episodes..... http://amzn.to/2eFz7Cz