Australian Politics Forum - Turnball keeps the property ponzi scheme going

Sir lastnail Gold Member Offline Australian Politics Posts: 30067 Gender:	Turnball keeps the property ponzi scheme going Oct 20^th, 2015 at 10:13pm Of all of the banking recommendations by David Murray the only one that got knocked back was to stop self managed super funds from borrowing to buy assets such as property. Yep the can gets kicked down the road once again for the property ponzi scheme Ya gotta to keep them house prices hyper-inflated at any cost
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Bobby. Gold Member Offline Australian Politics Posts: 103154 Melbourne Gender:	Re: Turnball keeps the property ponzi scheme going Reply #1 - Oct 20^th, 2015 at 10:18pm Hi sir Nail, more money for the property Ponzi scheme - this time from our super. What will they think of next?
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Sir lastnail

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Re: Turnball keeps the property ponzi scheme going
Reply #2 - Oct 20^th, 2015 at 10:23pm

Bobby. wrote on Oct 20^th, 2015 at 10:18pm:

Hi sir Nail,
more money for the property Ponzi scheme - this time from our super.

What will they think of next?

Super is supposed to be a relatively low risk investment vehicle so the last thing you want is to speculate using borrowed money but that apparently is all ok now !!

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Lisa Jones

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Re: Turnball keeps the property ponzi scheme going
Reply #3 - Oct 21^st, 2015 at 1:37am

Sir lastnail wrote on Oct 20^th, 2015 at 10:13pm:

Of all of the banking recommendations by David Murray the only one that got knocked back was to stop self managed super funds from borrowing to buy assets such as property.

Yep the can gets kicked down the road once again for the property ponzi scheme Wink

Ya gotta to keep them house prices hyper-inflated at any cost Wink

Translation : Last Nail will never afford to buy his 1st home Grin

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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BigOl64

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Re: Turnball keeps the property ponzi scheme going
Reply #4 - Oct 21^st, 2015 at 5:22am

Sir lastnail wrote on Oct 20^th, 2015 at 10:13pm:

Of all of the banking recommendations by David Murray the only one that got knocked back was to stop self managed super funds from borrowing to buy assets such as property.

Yep the can gets kicked down the road once again for the property ponzi scheme Wink

Ya gotta to keep them house prices hyper-inflated at any cost Wink

It's cute that you think that multi-billion dollar super funds are buying house and units as investments. Grin

Watch out if those chinese super funds ever find out if that duplex that you rent ever comes up for sale, they might make you homeless.

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Kytro

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Re: Turnball keeps the property ponzi scheme going
Reply #5 - Oct 21^st, 2015 at 7:49am

Sir lastnail wrote on Oct 20^th, 2015 at 10:23pm:

Super is supposed to be a relatively low risk investment vehicle so the last thing you want is to speculate using borrowed money but that apparently is all ok now !!

Super is supposed to be variable risk. Higher risk at the start with risk decreasing as retirement approaches.

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mariacostel Gold Member Offline Australian Politics Posts: 7344 Sydney Gender:	Re: Turnball keeps the property ponzi scheme going Reply #6 - Oct 21^st, 2015 at 8:35am Given the historically good returns from housing, investing in same is not a bad idea.
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Sir lastnail

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Re: Turnball keeps the property ponzi scheme going
Reply #7 - Oct 21^st, 2015 at 8:38am

Lisa Jones wrote on Oct 21^st, 2015 at 1:37am:

Sir lastnail wrote on Oct 20^th, 2015 at 10:13pm:

Of all of the banking recommendations by David Murray the only one that got knocked back was to stop self managed super funds from borrowing to buy assets such as property.

Yep the can gets kicked down the road once again for the property ponzi scheme Wink

Ya gotta to keep them house prices hyper-inflated at any cost Wink

Translation : Last Nail will never afford to buy his 1st home Grin

And this coming from someone who appears not to understand negative gearing yet claims to own lots of houses outright Cheesy

LOL

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

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Re: Turnball keeps the property ponzi scheme going
Reply #8 - Oct 21^st, 2015 at 8:44am

Kytro wrote on Oct 21^st, 2015 at 7:49am:

Sir lastnail wrote on Oct 20^th, 2015 at 10:23pm:

Super is supposed to be a relatively low risk investment vehicle so the last thing you want is to speculate using borrowed money but that apparently is all ok now !!

Super is supposed to be variable risk. Higher risk at the start with risk decreasing as retirement approaches.

But as soon as you borrow to buy assets you expose yourself to highly leveraged investments and if it goes against you it can wipe out any retirement benefits or worse still, leave you with a serious chunk of debt for your retirement !!

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Lisa Jones

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Re: Turnball keeps the property ponzi scheme going
Reply #9 - Oct 21^st, 2015 at 8:48am

Sir lastnail wrote on Oct 21^st, 2015 at 8:38am:

Lisa Jones wrote on Oct 21^st, 2015 at 1:37am:

Sir lastnail wrote on Oct 20^th, 2015 at 10:13pm:

Of all of the banking recommendations by David Murray the only one that got knocked back was to stop self managed super funds from borrowing to buy assets such as property.

Yep the can gets kicked down the road once again for the property ponzi scheme Wink

Ya gotta to keep them house prices hyper-inflated at any cost Wink

Translation : Last Nail will never afford to buy his 1st home Grin

And this coming from someone who appears not to understand negative gearing yet claims to own lots of houses outright Cheesy

LOL

Translation : Last Nail cannot read nor can he comprehend posts or laws regarding property ownership

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Lisa Jones

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Re: Turnball keeps the property ponzi scheme going
Reply #10 - Oct 21^st, 2015 at 8:50am

Sir lastnail wrote on Oct 20^th, 2015 at 10:23pm:

Bobby. wrote on Oct 20^th, 2015 at 10:18pm:

Hi sir Nail,
more money for the property Ponzi scheme - this time from our super.

What will they think of next?

Super is supposed to be a relatively low risk investment vehicle so the last thing you want is to speculate using borrowed money but that apparently is all ok now !!

Super is NOT low risk. Fact!

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Lisa Jones

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Re: Turnball keeps the property ponzi scheme going
Reply #11 - Oct 21^st, 2015 at 9:00am

mariacostel wrote on Oct 21^st, 2015 at 8:35am:

Given the historically good returns from housing, investing in same is not a bad idea.

Some of us (ie Last Nail and multi nics)....have been sitting on forums, renting away and bagging property investing for a decade.

Mean time, a lot of us have built up a healthy property investment portfolio....one which has enabled us to both own our family homes outright AND negative gear certain types of investment properties for particular current and future purposes.

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Sir lastnail

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Re: Turnball keeps the property ponzi scheme going
Reply #12 - Oct 21^st, 2015 at 9:13am

Lisa Jones wrote on Oct 21^st, 2015 at 9:00am:

mariacostel wrote on Oct 21^st, 2015 at 8:35am:

Given the historically good returns from housing, investing in same is not a bad idea.

Some of us (ie Last Nail and multi nics)....have been sitting on forums, renting away and bagging property investing for a decade.

Mean time, a lot of us have built up a healthy property investment portfolio....one which has enabled us to both own our family homes outright AND negative gear certain types of investment properties for particular current and future purposes.

That's funny because your posts are full of inconsistencies as exposed by some others here which leads me to believe that your claims don't match your rhetoric. Maybe you've just been parroting some book on property investment and you haven't quite understood what you have read Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Lisa Jones

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Re: Turnball keeps the property ponzi scheme going
Reply #13 - Oct 21^st, 2015 at 9:43am

Lisa Jones wrote on Oct 21^st, 2015 at 8:48am:

Sir lastnail wrote on Oct 21^st, 2015 at 8:38am:

Lisa Jones wrote on Oct 21^st, 2015 at 1:37am:

Sir lastnail wrote on Oct 20^th, 2015 at 10:13pm:

Of all of the banking recommendations by David Murray the only one that got knocked back was to stop self managed super funds from borrowing to buy assets such as property.

Yep the can gets kicked down the road once again for the property ponzi scheme Wink

Ya gotta to keep them house prices hyper-inflated at any cost Wink

Translation : Last Nail will never afford to buy his 1st home Grin

And this coming from someone who appears not to understand negative gearing yet claims to own lots of houses outright Cheesy

LOL

Translation : Last Nail cannot read nor can he comprehend posts or laws regarding property ownership

Up!

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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mariacostel

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Re: Turnball keeps the property ponzi scheme going
Reply #14 - Oct 21^st, 2015 at 10:50am

Lisa Jones wrote on Oct 21^st, 2015 at 9:00am:

mariacostel wrote on Oct 21^st, 2015 at 8:35am:

Given the historically good returns from housing, investing in same is not a bad idea.

Some of us (ie Last Nail and multi nics)....have been sitting on forums, renting away and bagging property investing for a decade.

Mean time, a lot of us have built up a healthy property investment portfolio....one which has enabled us to both own our family homes outright AND negative gear certain types of investment properties for particular current and future purposes.

It is funny listening to the losers.

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