Australian Politics Forum - Blood in the Streets

Boris Gold Member Offline Australian Politics Posts: 4080 Gender:	Blood in the Streets Jul 20^th, 2022 at 10:05am Brace for it ‘Restrictive setting’: ANZ predicts RBA will raise cash rate to 3 per cent before Christmas ANZ has dramatically revised its interest rate forecast to warn of four more massive rate hikes by the RBA before the end of the year. https://www.news.com.au/finance/economy/interest-rates/restrictive-setting-anz-p...
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FutureTheLeftWant

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Re: Blood in the Streets
Reply #1 - Jul 20^th, 2022 at 10:12am

Boris wrote on Jul 20^th, 2022 at 10:05am:

Brace for it

‘Restrictive setting’: ANZ predicts RBA will raise cash rate to 3 per cent before Christmas
ANZ has dramatically revised its interest rate forecast to warn of four more massive rate hikes by the RBA before the end of the year.

https://www.news.com.au/finance/economy/interest-rates/restrictive-setting-anz-p...

I saw that most home loans are from people in the upper 40% of incomes (that is, the poor were already locked out of home ownership) but the 20% who aren't, are going to struggle. The rich get richer, the poor get the picture

Personally I have 800k to invest and i'm waiting for prices to fall

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John Smith

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Re: Blood in the Streets
Reply #2 - Jul 20^th, 2022 at 12:02pm

I'm predicting interest rates will go up to about 4 or 5 percent.

If you took a loan out when interest rates were at record lows and you're now going to struggle at 4 or 5%, then you deserve to get stung. Even 4 or 5% is fairly modest.

I'm currently in the process of arranging a loan and my repayments are worked out up to 9.5% even though my quotes are coming in with a rate of 3.9%

I hope I'll never need to make that sort of repayment required at 9%, but if I do I'll survive just fine.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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FutureTheLeftWant

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Re: Blood in the Streets
Reply #3 - Jul 20^th, 2022 at 12:03pm

John Smith wrote on Jul 20^th, 2022 at 12:02pm:

I'm predicting interest rates will go up to about 4 or 5 percent.

If you took a loan out when interest rates were at record lows and you're now going to struggle at 4 or 5%, then you deserve to get stung. Even 4 or 5% is fairly modest.

I'm currently in the process of arranging a loan and my repayments are worked out up to 9.5% even though my quotes are coming in with a rate of 3.9%

I hope I'll never need to make that sort of repayment required at 9%, but if I do I'll survive just fine.

I tend to agree but I can see people who struggle trying to get ahead and get a home loan. These people were never going to afford a home without low rates, they were locked out, the overall issue

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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85278 Always was always will be HOME Gender:	Re: Blood in the Streets Reply #4 - Jul 20^th, 2022 at 12:35pm Burn out investors? Sounds like an eventual solution...... one cause of the Cultural Revolution and Red Guards in China... held prisoner in schools and subjected to 're-education' and 'self-criticism' until they realised the error of their ways... Maybe the squatters will just take over............
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FutureTheLeftWant

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Re: Blood in the Streets
Reply #5 - Jul 20^th, 2022 at 12:37pm

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 12:35pm:

Burn out investors? Sounds like an eventual solution...... one cause of the Cultural Revolution and Red Guards in China... held prisoner in schools and subjected to 're-education' and 'self-criticism' until they realised the error of their ways...

Maybe the squatters will just take over............

Not even sure what this means......

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Grappler Deep State Feller

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Re: Blood in the Streets
Reply #6 - Jul 20^th, 2022 at 1:23pm

FutureTheLeftWant wrote on Jul 20^th, 2022 at 12:37pm:

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 12:35pm:

Burn out investors? Sounds like an eventual solution...... one cause of the Cultural Revolution and Red Guards in China... held prisoner in schools and subjected to 're-education' and 'self-criticism' until they realised the error of their ways...

Maybe the squatters will just take over............

Not even sure what this means......

We all know that ..... your educational level is poor.... that's why you are a semi-educated fascist loser ....
I've noticed you become confused and lost in any in-depth discussion or.... debate ....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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FutureTheLeftWant

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Re: Blood in the Streets
Reply #7 - Jul 20^th, 2022 at 1:24pm

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 1:23pm:

FutureTheLeftWant wrote on Jul 20^th, 2022 at 12:37pm:

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 12:35pm:

Burn out investors? Sounds like an eventual solution...... one cause of the Cultural Revolution and Red Guards in China... held prisoner in schools and subjected to 're-education' and 'self-criticism' until they realised the error of their ways...

Maybe the squatters will just take over............

Not even sure what this means......

We all know that ..... your educational level is poor.... that's why you are a semi-educated fascist loser ....
I've noticed you become confused and lost in any in-depth discussion or.... debate ....

Calls me a fascist again. Can't define fascism. You are of no value

I was pointing out that your post was nonsense, old man

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Grappler Deep State Feller

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Re: Blood in the Streets
Reply #8 - Jul 20^th, 2022 at 1:46pm

FutureTheLeftWant wrote on Jul 20^th, 2022 at 1:24pm:

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 1:23pm:

FutureTheLeftWant wrote on Jul 20^th, 2022 at 12:37pm:

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 12:35pm:

Burn out investors? Sounds like an eventual solution...... one cause of the Cultural Revolution and Red Guards in China... held prisoner in schools and subjected to 're-education' and 'self-criticism' until they realised the error of their ways...

Maybe the squatters will just take over............

Not even sure what this means......

We all know that ..... your educational level is poor.... that's why you are a semi-educated fascist loser ....
I've noticed you become confused and lost in any in-depth discussion or.... debate ....

Calls me a fascist again. Can't define fascism. You are of no value

I was pointing out that your post was nonsense, old man

Fascist is as fascist does.... simple .... your inability to understand one of the underlying causes of the Cultural Revolution in China long ago is telling.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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FutureTheLeftWant

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Re: Blood in the Streets
Reply #9 - Jul 20^th, 2022 at 1:51pm

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 1:46pm:

Fascist is as fascist does.... simple .... your inability to understand one of the underlying causes of the Cultural Revolution in China long ago is telling.

Can't define fascism. Thinks that what he said is a definition.

I guess you're probably on some serious medication in the nursing home, to make this little sense?

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Grappler Deep State Feller

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Re: Blood in the Streets
Reply #10 - Jul 20^th, 2022 at 3:16pm

FutureTheLeftWant wrote on Jul 20^th, 2022 at 1:51pm:

Grappler Deep State Feller wrote on Jul 20^th, 2022 at 1:46pm:

Fascist is as fascist does.... simple .... your inability to understand one of the underlying causes of the Cultural Revolution in China long ago is telling.

Can't define fascism. Thinks that what he said is a definition.

I guess you're probably on some serious medication in the nursing home, to make this little sense?

Fascist is as fascist does - simple really...

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Bias_2012

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Re: Blood in the Streets
Reply #11 - Jul 20^th, 2022 at 3:17pm

FutureTheLeftWant wrote on Jul 20^th, 2022 at 12:03pm:

John Smith wrote on Jul 20^th, 2022 at 12:02pm:

I'm predicting interest rates will go up to about 4 or 5 percent.

If you took a loan out when interest rates were at record lows and you're now going to struggle at 4 or 5%, then you deserve to get stung. Even 4 or 5% is fairly modest.

I'm currently in the process of arranging a loan and my repayments are worked out up to 9.5% even though my quotes are coming in with a rate of 3.9%

I hope I'll never need to make that sort of repayment required at 9%, but if I do I'll survive just fine.

I tend to agree but I can see people who struggle trying to get ahead and get a home loan. These people were never going to afford a home without low rates, they were locked out, the overall issue

After the 2008 crunch, banks became reluctant to lend to risky borrowers for fear of more crunches. The decline in permanent full-time jobs didn't help ... there's no "boomer" work ethic now-a-days. Casual and part time work is a problem with the banks, it's too insecure for regular loan repayments

The banks will lend to the "poor" if they are employed in full time work and enough deposit is handed over, it shows they are willing to save, and likely to be responsible and self reliant for making the repayments

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Our Lives Are Governed By The Feast & Famine Variable

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AusGeoff

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Re: Blood in the Streets
Reply #12 - Jul 21^st, 2022 at 7:17am

I was forced into a mortgagee auction in 1989 after home loan
interest rates hit 17% with the Commonwealth Bank. I was then
forced into the rental market, and even then having to share with
another person to make it affordable.

Today CommBank is offering home loans at 3.4% but the Millennials
and Gen Z are still whinging about any little increase. And they still
bitch about the baby boomers having it oh so easy back then. Bullshit.

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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85278 Always was always will be HOME Gender:	Re: Blood in the Streets Reply #13 - Jul 21^st, 2022 at 7:36am Had me the mortgage that went to 14.5% - hit an unemployment time and hung on to that house even without food.
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FutureTheLeftWant Gold Member Offline Australian Politics Posts: 6625 Gender:	Re: Blood in the Streets Reply #14 - Jul 21^st, 2022 at 8:30am Grappler Deep State Feller wrote on Jul 21^st, 2022 at 7:36am: Had me the mortgage that went to 14.5% - hit an unemployment time and hung on to that house even without food. Boomers, am I right? How much did the house cost? What was your wage?
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