Stupid World

[bogan]

I'm judging ya...... and economics is

FTFY, and thank fuck the judgments are polar opposites

Oooooo, sorry, I try not to read books given the evidence that it shapes too much of ones thinking to the point where it's laughable to consider what spews forth thinking. I'm old fashioned that way

It's called getting an education, and funnily enough enough, knowing things does actually shapes one's thinking, whimsical self-delusion, not so much

[sidecar bob]

Thats pretty standard business practice. After all, you are there to make money, nothing else.

Yes, at the time he perceived that I was not doing that, & although I am often in the position of charging him for services, he was still very forthcoming with advice, which has no doubt cost him in the long run.
I often find that older folk with few apparent financial restrictions have the better advice than people with little more than a chip on their shoulder & an axe to grind.

[Ocean1]

Well I have tried to explain it to you a few times over the years, in many different ways using many different examples yet all underpinned by the same economics as happens today. Yet here we are. I am glad it amuses you though.

And when I've pointed out where the same systems have failed to work in the past you've fallen back on obfuscation, vague inferences to even vaguer references and the insistence that I don't understand. Like now.

Doesn't make you any more correct now than you were then. Why don't you simply accept the opinion of the majority of observers that what you propose is completely impractical, ethically questionable, that you don't actually know what you're talking about and that you should quietly fuck off?

[Katman]

Thats pretty standard business practice. After all, you are there to make money, nothing else.

Some of us have higher morals.

[Ocean1]

I'm going to go out on a limb here....

After doing a bit of MSM reading I suspect the Govt and 'The Banks" are not telling the truth about the housing bubble.

Seeing as Westpac, ASB and ANZ are Australian banks you really need to look over there to see whats happening.

The Big Four as they are called have since the decline in commodities got into mortgages and now are needing to keep lending to keep prices up so as to keep lending.

Overseas articles say its more extreme than the US Sub Prime of 2008. AU banks are finding overseas cash drying up so not passing Reserve Bank cuts on and hoping

people might start saving again. Apartment building is in full swing with the main centers of AU skylines having over 500 cranes.

Australia has not had a real recession in 25 years so thinks it wont happen.

Interesting view here is that on one hand house prices can go up 12 % year after year yet people think in the event of a bubble burst they wont go down by at least the

same rate, hope springs eternal.

You might have seen in the news last week a 2 bedroom 40's weatherboard house house selling in Onehunga for 1 mill....... jumping jehoshaphat

If a bank collapses here I don't think your savings are guaranteed any more, and no your mortgage is not cancelled as its an " asset" that will be sold as part of the banks

assets.....thats after the Govt throws in your tax payer money to bail them out......where is the risk for the banks? no wonder they act like they do.

Oh and I think Mortgage Protection is for them too, not you.


Thats enough pondering for a Sunday, off to the shed to play

Not convinced it's not simply an artificially constricted market. Only, ask yourself what difference there would be if all of the houses that should have been built 20 years ago for prices reflecting the cost to supply were now on the market.

As for banks, maybe teh govt orta fuck with the actual reserve. 17% ain't it? What would happen if they made it 20%?

[Ocean1]

Yes, at the time he perceived that I was not doing that, & although I am often in the position of charging him for services, he was still very forthcoming with advice, which has no doubt cost him in the long run.
I often find that older folk with few apparent financial restrictions have the better advice than people with little more than a chip on their shoulder & an axe to grind.

He wasn't of that opinion when I was contracting design services to them a decade ago.

He's right, but the other half of a stable market needs to be there too: competition. If there's restrictions on who can supply shit, or the prices is regulated then "as much as the market can reliably stand" rapidly becomes somewhat farcical.

Unless you're name is mushbrain. Then it's all good.

[mashman]

FTFY, and thank fuck the judgments are polar opposites

It's called getting an education, and funnily enough enough, knowing things does actually shapes one's thinking, whimsical self-delusion, not so much

If it ain't broke, don't fix it.

When you apply it like a child, it's called learning stuff without understanding. I'd say get back in your playpen, but I see you never left.

And when I've pointed out where the same systems have failed to work in the past you've fallen back on obfuscation, vague inferences to even vaguer references and the insistence that I don't understand. Like now.

Doesn't make you any more correct now than you were then. Why don't you simply accept the opinion of the majority of observers that what you propose is completely impractical, ethically questionable, that you don't actually know what you're talking about and that you should quietly fuck off?

I thought I heard Pavlov waking up.

That's because you, ironically, ignore the advantages of what we have on the grounds that you deserve. They never failed. They were usurped. Seriously, watch the Varoufakis video. Where in the contract do I get to tell you all to fuck off without then having you deny me land, food, healthcare etc... and all on some misguided notion that I deserve nothing? I, NOW, object to the way we're currently living for very valid reasons. You choose not to see the reasoning. I cannot help that, as I can explain it to you, but I can't understand it for you. Meh, not sure why you got a more than 1 line response there tbh.

The Parable of the Pub. Learn it, and you'll learn the answer to your question.

[Woodman]

Some of us have higher morals.

Are you saying there is something morally wrong with making a profit?

[mashman]

Yes, at the time he perceived that I was not doing that, & although I am often in the position of charging him for services, he was still very forthcoming with advice, which has no doubt cost him in the long run.
I often find that older folk with few apparent financial restrictions have the better advice than people with little more than a chip on their shoulder & an axe to grind.

I'll take that as leveled at me. You are doing exactly what this economic model expects you to do. Why should I judge you for that. It is perfectly sound advice, an advice that allows capitalism to function. In very much the same way that Ocean states his economic point of view, no point in judging him, because it works in the system that we have. A system that is slowly decaying. By all means ignore the decaying, but don;t for a minute expect that some of us are gonna roll over and play dead because you like capitalism. It ain't a chip on my shoulder that drives me, I have no axe to grind (We PM'd about such), it's logical, reasonable and common sense, yet it's a real mindfuck when you actually come to grasp just how easy it is to change. The hard part is watching you guys accept what is as the best we can do. You're wrong.

[Katman]

Are you saying there is something morally wrong with making a profit?

Have another read of your post that I quoted in my reply and see if you can work out the answer for yourself.

[bogan]

If it ain't broke, don't fix it.

When you apply it like a child, it's called learning stuff without understanding. I'd say get back in your playpen, but I see you never left.

And sidecar bob isn't broke, hence economics judging him favorably and not in need of fixing

Yet you're one of the most notorious people on the site for not understanding shit, is that why you shy from books, you don't know how to apply their contents like an adult? Adult's would discuss a subject and further their understanding that way, children get told what to learn and how to learn it; we can all see which category you fall into.

[Akzle]

ahhh. bring on the day when all you old white niggers are dead.

[Voltaire]

ahhh. bring on the day when all you old white niggers are dead.

Start learning Mandarin

[Voltaire]

The former CEO of NZ Rail, who I am in frequent conversation with, once advised me to "charge as much as the market can reliably stand" So far that advice has worked reasonably well for me.

There is also a perception that if you don't charge enough your not very good, much like when you sell things too cheap.

I would not have thought NZ Rail was a good example.

Being a CEO of a Govt department is not the same as a listed company really.

[mashman]

And sidecar bob isn't broke, hence economics judging him favorably and not in need of fixing

Yet you're one of the most notorious people on the site for not understanding shit, is that why you shy from books, you don't know how to apply their contents like an adult? Adult's would discuss a subject and further their understanding that way, children get told what to learn and how to learn it; we can all see which category you fall into.

I realise that he isn't.

I tried to discuss it with you several years ago. Yet you still blame me for your lack of understandings when I claim that you have misunderstood what I've said. Your ASSumptions are yours champ and they always have been.