Cunliffe's constituent Liu?

[Oscar]

Memory lapse? Do you vote for John Key? Would make sense if you did...

What the fuck are you on about now?
The first quote has little to do with the second, which is about how bad loans are dealt with and comments on what banks do to mitigate them.
You actually know little or nothing about banking, don't you?

Why don't you just admit that you have no proof that banks manipulate the property market with foreclosures?
"I have provided links which call into question the credibility of the banking sector" does not constitute proof, it is propaganda, pure and simple.

[Oscar]

He has selective memory then when challenged nitpicks his way out

One good thing is that he is a minority

He has not posted one piece of evidence that proves his initial claim.
Asking him to back up a claim with facts is hardly nitpicking.



And you are still a moron.

[mada]

What the fuck are you on about now?
The first quote has little to do with the second, which is about how bad loans are dealt with and comments on what banks do to mitigate them.
You actually know little or nothing about banking, don't you?

Why don't you just admit that you have no proof that banks manipulate the property market with foreclosures?

Reminds me of this post bro:

The Aussie tax rate to $180,000 is 30.3%

[mada]

He has selective memory then when challenged nitpicks his way out

One good thing is that he is a minority

It's no wonder we get politicians with selective memories, they're just representing their constituents

[Brian d marge]

What the fuck are you on about now?
The first quote has little to do with the second, which is about how bad loans are dealt with and comments on what banks do to mitigate them.
You actually know little or nothing about banking, don't you?

Why don't you just admit that you have no proof that banks manipulate the property market with foreclosures?
"I have provided links which call into question the credibility of the banking sector" does not constitute proof, it is propaganda, pure and simple.

the key word is foreclosures isnt it ........and yes its propaganda

Stephen

[Oscar]

Reminds me of this post bro:

Shit, you're sucker for punishment.

The total tax in Aussie on $180,000 is $54,547, which represents 30.30389%

Now how about you address the issue for a change?

[Oscar]

It's no wonder we get politicians with selective memories, they're just representing their constituents

At least they can do simple maths.

[mada]

Shit, you're sucker for punshiment.

The total tax in Aussie on $180,000 is $54,547, which represents 30.30389%

Now how about you address the issue for a change?

But that's not what you said dipshit. You claimed that that was the "tax rate" not the total tax paid.

Theres a clear difference between a tax rate and total tax paid.

And your total tax figure would still be higher than a 3% raise on the top bracket in NZ as someone in NZ on 180,000 currently only pays TOTAL TAX $50,320.00.

Clearly you can't do basic maths if you think adding 3% on to the TOP bracket, not even the TOTAL will make us more expensive than Australia.

[mada]

Definition of 'Shadow Inventory'

A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices improve. Shadow inventory can create uncertainty about the best time to sell (for owners) and when a local market can expect full recovery. Also, shadow inventory typically causes reported data on housing inventory to understate the actual number of inventory in the market.

Investopedia explains 'Shadow Inventory' http://www.investopedia.com/terms/s/...-inventory.asp

With the unprecedented number of foreclosures stemming from the subprime mortgage meltdown of 2007-2008 and the overall housing market collapse during that crisis, lenders were left with significant real estate holdings. Many lenders were slow to put their inventory up for sale for fear of flooding the market and further driving down prices, which would in turn lower their potential ROI.

The “shadow inventory” consists of homes that were seriously delinquent or foreclosed on, which banks would keep off of the market for fear that the additional supply would cause prices to crumble further. Housing market sceptics argued that banks would return these homes to the market at a pace that would prevent prices from going anywhere.

http://www.businessinsider.com.au/ho...falling-2014-2

I'm sure in NZ our banks wouldn't do this would they if they had a shitload of foreclosures and bad loans. Instead they would go against their own interests and put everything on the market at once to decrease land prices? Please pass me a fucking tui!

[oldrider]

It's no wonder we get politicians with selective memories, they're just representing their constituents

Absolutely correct as in show business ... the actors perform what the audience wants to see and hear ... consumer driven!

Voters are simply political consumers!

Unfortunately that gets watered down by MMP where voters only give specific politicians (actors) collective permission to do whatever they like!

Do you think you will be any the wiser what the make up of the government will be immediately at the completion of the next election?

[Oscar]

But that's not what you said dipshit. You claimed that that was the "tax rate" not the total tax paid.

Theres a clear difference between a tax rate and total tax paid.

And your total tax figure would still be higher than a 3% raise on the top bracket in NZ as someone in NZ on 180,000 currently only pays TOTAL TAX $50,320.00.

Clearly you can't do basic maths if you think adding 3% on to the TOP bracket, not even the TOTAL will make us more expensive than Australia.

Temper, temper.
You posted what I said - the tax rate TO $180,000. If you can't understand English, it isn't my problem.

[Oscar]

Investopedia explains 'Shadow Inventory' http://www.investopedia.com/terms/s/...-inventory.asp






http://www.businessinsider.com.au/ho...falling-2014-2

I'm sure in NZ our banks wouldn't do this would they if they had a shitload of foreclosures and bad loans. Instead they would go against their own interests and put everything on the market at once to decrease land prices? Please pass me a fucking tui!

So you're admitting that what you said the banks do (manipulate foreclosured property to increase prices) and then said may be going in Northland hasn't happened in NZ?

[Oscar]

And your total tax figure would still be higher than a 3% raise on the top bracket in NZ as someone in NZ on 180,000 currently only pays TOTAL TAX $50,320.00.

Clearly you can't do basic maths if you think adding 3% on to the TOP bracket, not even the TOTAL will make us more expensive than Australia.

You said the income tax rate "overseas" was higher than that in NZ.
And I said:
Work it out - the PAYE on 50k income is slightly less in Australia compared to NZ. However your comment comparing income tax rates is fairly silly as it doesn't take into account things like WFF and Aussie Medicare. It becomes even more nonsensical when the overall tax picture is taken into account, GST and such.

Your reading comprehension is worse than your maths...

[Brian d marge]

Investopedia explains 'Shadow Inventory' http://www.investopedia.com/terms/s/...-inventory.asp






http://www.businessinsider.com.au/ho...falling-2014-2

I'm sure in NZ our banks wouldn't do this would they if they had a shitload of foreclosures and bad loans. Instead they would go against their own interests and put everything on the market at once to decrease land prices? Please pass me a fucking tui!

Kinda looks like market manipulation to me

As a business . Probably sensible but from a human point of view bad form . . . . .

[mashman]

You're tying yourself up in (il)logical knots again. The only way to allocate resources fairly is by attaching a price to them, so that those who value them most get to use them. Yes, human nature is such that some people will always try to bend the rules to their own advantage, but that same argument works just as well against your rose-tinted "cooperation baby" ideal, and if you set out to eliminate the bastard "big" businessman, all you'll create are bastard exploitative politicians. You only have to look at the way Green politicians rail against the power of the state, and GCSB surveillance and then next minute turn around and want to send a Gunboat to confront Japanese Whalers, to see that.

Am I? Funny, putting a price of resources and then allowing the financial system to be controlled by a private banking franchise is not my idea of sensible in the slightest. Primarily as it means that warmongers can get their hands on any tech they like given enough money. Oil companies can buy what they like. Solar power can be taxed. Too many resources are wasted on shite. That's the financial system at work. It's embarrassing.

Ugh . The financial system is the primary factor in directing human behaviour. This is why we have dodgy people in positions of power. By all means continue to defend it, but by its existence alone we will always be a shade of that which we could be. I don't expect you to understand that (I'm not being nasty there). The crap in this world is financially driven.