Interest free loans! What next

[Voltaire]

Oscar, There are other options out there for pensioners to invest their nest eggs in that show a better return than just leaving it sitting in a dead bank account and expecting to get rich on the interest.

Any tips?
I tested the local stock market this year, but have got bored watching it go up to 7% then down to 2% then up to 6% and so on.... haven't even broke even with the fees yet

[Oscar]

Any tips?
I tested the local stock market this year, but have got bored watching it go up to 7% then down to 2% then up to 6% and so on.... haven't even broke even with the fees yet

Old German Motorcycles.











Boy, have I got a deal for you...

[Voltaire]

Italians are catching up ......

[Tazz]

Back in my day, which was during the Muldoon era, the interest rates were close to 20% until Piggy pulled them back and froze them at around 10%. Banks were creaming it back then although the the wages in proportion to the cost of a house were much better than they are now.

Yeah when my folks immigrated the were high 20's, but also the interest you got on savings was in the 20's and as you mentioned the cost of a house was the sum of 1 or 2 years of your annual wage, although with interest that high it won't be as great as it sounds at first glance as electronics, furniture etc etc cost a hell of a lot more as well by comparison to today.

[jasonu]

And what interest free loans would these be then?

Loans for grenade launchers, AK47's, IED's, nail bombs...

[Oscar]

Italians are catching up ......

...and you can double the value just by filling the tank.

[5ive]

Yeah when my folks immigrated the were high 20's, but also the interest you got on savings was in the 20's and as you mentioned the cost of a house was the sum of 1 or 2 years of your annual wage, although with interest that high it won't be as great as it sounds at first glance as electronics, furniture etc etc cost a hell of a lot more as well by comparison to today.

I'll take the cheaper housing, and more expensive luxury goods thanks. Beats the high cost of todays rental properties anyday.

[Oscar]

Yeah when my folks immigrated the were high 20's, but also the interest you got on savings was in the 20's and as you mentioned the cost of a house was the sum of 1 or 2 years of your annual wage, although with interest that high it won't be as great as it sounds at first glance as electronics, furniture etc etc cost a hell of a lot more as well by comparison to today.

Not quite - I bought my (very small) first house for 35k and I was earning 8k. It was a two bedroom apartment, a proper house would have been twice that.
Within a year of the purchase the mortgage interest rate was 23% (although Muldoon was priming the economy by doing things like a $1,000 mortgage interest rate tax rebate). By way of further comparison, I bought my first brand new bike that year, a PE175Z, for $2,600, but we had to rent a TV though coz a 26" one cost $1,500!!!

[Banditbandit]

we had to rent a TV though coz a 26" one cost $1,500!!!

You paid money to watch TV ???? I used an old borrowed one ..

[Oscar]

You paid money to watch TV ???? I used an old borrowed one ..

The TV was for the Missus, so she had summat to do while I was riding the wheels off my PE175.
I loved that scooter.

[mashman]

Interest free loans. Great idea.

[Gremlin]

That poor lady, probably disappointed that the banks hadn't responded to her request for interest free loans...

I can just imagine their response when they first heard about it

[Akzle]

i'm not going to bother reading shit. tis the KB way.

but are you talking about "muskarah lending"?

if yes, then fuck jews.


if not, also fuck jews. cos they're still dicks. global enslavement and blah blah blah. (are the old whiteys asleep yet? best way for em.

[Stylo]

You paid money to watch TV ???? I used an old borrowed one ..

Thanks to the Harvey Norman ads, we haven't watched TV for quite some time.

Must be over 3 years now, life is so much better .....

[Akzle]

Thanks to the Harvey Norman ads, we haven't watched TV for quite some time.

Must be over 3 years now, life is so much better .....