Oh dear... socialists think that can manipulate the market

[lisa jones]

Perhaps this personal anecdote may assist you further Pasta.

My 1st husband was an Australian of Irish and Scottish descent. His family initially came out here in the early 1800's. In essence they had a few hundred years to settle and amass a small fortune (as inheritances rolled over from one generation to the next). There was never any trace of a language or cultural issue .. and his ancestors came over as qualified/skilled butchers and bakers. Fast forward to 2011 and my ex husband and his siblings are all wealthy and highly educated professionals.

Yet when I (the humble migrant's daughter) was about to marry my (now ex) husband, I was the one who pushed for a pre-nuptial agreement.

I'll let you figure out why.

[Pastafarian]

Yet when I (the humble migrant's daughter) was about to marry my (now ex) husband, I was the one who pushed for a pre-nuptial agreement.

I'll let you figure out why.

Foreknowledge that the divorce proceedings may not have turned out well for you?

[lisa jones]

then I cannot even begin to imagine how much more your parents have been able to achieve, Pasta.

Well one, my parents weren't from the 60s. Two, Both my parents were forced to leave school early and get jobs in order to support their families.


I'm not saying it can't be done. I'm simply saying, so stop acting like a fucking snob because some people haven't been able to do it. Plus, in my opinion, you're highly self-centred and only interested in what you can get out of other people and situations.

Pasta .. there's no need to be angry with me. I am merely pointing out how lucky you are compared to me. Your grandparents and parents had a decent life and the chance to make money because they were born, bred and educated here in Australia .. the lucky country. My God .. if you have this ... what more could you ask for?? Don't you see that many people don't have this??

Sure .. both your parents were forced to leave school early .. but I am sure they had a chance to finish SOME high school. My parents didn't complete primary school. They got to yr 3 .. if that. They had no shoes, food was scarce and besides .. there were no schools or teachers about. What you don't realise is that war ravages a country completely and leaves nothing behind but mass grave sites and land mines. It kills teachers, doctors, parents and children and leaves people too scared to walk anywhere because it's so unsafe. I lost many relatives after war because they tried to farm their "land" ie rocky wasteland out of poverty .. only to step on landmines and die. Read back .. I told you that my grandparents and parents struggled to survive ethnic cleansing and landmines. Many members of my family tree are MISSING on a/c of this.

Pasta .. I bet you got to meet ALL your grandparents .. and I bet you had the privilege to hear their voices and to talk to them and get to know them in a real way. I only ever got to meet 1 grandparent (and that was when she was VERY old and close to death). My other grandparents were killed/murdered. I don't know who they are. I don't even have pics of them because photos were so expensive and difficult to obtain. All I have are the stories of my grandparents .. the stories of missing grand uncles/aunts and 2nd cousins who were tortured and murdered and whose bodies have never been found .. the stories of my grandparent's properties being seized and overtaken by the state and handed to others .. the stories of my parents fleeing their homeland as teenagers only to arrive in some far away country on the other side of the globe after some 3 months on a ship .. only to be thrust upon people who hated them because they were "wogs".. the stories of how they couldn't speak a word of English, how they had no money, no employment .. and they had no one to help or show them the way.

I'm one of MANY 1st gen Aussies who went to school NOT being able to speak English. I could speak fluent Greek and Italian but these 2 languages meant nothing. If anything .. these language skills became the main reason why I went to and from school worn out and exhausted by the relentless racism I faced daily. I came home not to play or unwind or debrief or be comforted by all the racist abuse I had coped with for the day .. but to help with the housework ( as my mum and dad worked hard during the day and thus needed help around the house ) and then to teach my parents and little brothers/sisters whatever I had been taught that day. After that .. I completed my homework with no help from anyone (because there was no one available to help me). It was very tiring .. but from the age of 5 .. that is all I've known.

Now, go back and read my posts again and this time .. understand just how lucky you are. Don't whinge or complain about anything because your life has been blessed and you are privileged in many MANY ways. And if you cannot afford a home or a unit .. take a good long hard look at yourself and ask why is it that others who are worse off than you .. and who come from less privileged backgrounds .. CAN afford to buy a home or a unit.

[lisa jones]

Yet when I (the humble migrant's daughter) was about to marry my (now ex) husband, I was the one who pushed for a pre-nuptial agreement.

I'll let you figure out why.

Foreknowledge that the divorce proceedings may not have turned out well for you?

No! It was because I had more money to lose than he did! Are you normally this thick Pasta .. or are you just being annoying and stubborn again???

[Pastafarian]

Yet when I (the humble migrant's daughter) was about to marry my (now ex) husband, I was the one who pushed for a pre-nuptial agreement.

I'll let you figure out why.

Foreknowledge that the divorce proceedings may not have turned out well for you?

No! It was because I had more money to lose than he did! Are you normally this thick Pasta .. or are you just being annoying and stubborn again???

I wasn't referring to money.

[lisa jones]

Foreknowledge that the divorce proceedings may not have turned out well for you?

No! It was because I had more money to lose than he did! Are you normally this thick Pasta .. or are you just being annoying and stubborn again???

I wasn't referring to money.

<< groans >>

Pasta, do you personally know anything about pre nuptial arrangements/agreements at all ??

Have you seen one?? Do you know how much they cost to draw up??

You cannot possibly be this ignorant and inexperienced! In any event .. you could have GOOGLED the damn concept. You're just playing games here.

[Pastafarian]

I wasn't referring to money.

<< groans >>

Pasta, do you personally know anything about pre nuptial arrangements/agreements at all ??

Have you seen one?? Do you know how much they cost to draw up??

You cannot possibly be this ignorant and inexperienced!

Why? I'm not getting married, so never really had to look at them. Bye, tard.

[lisa jones]

Why? I'm not getting married, so never really had to look at them. Bye, tard.

Remember .. you're a Mod and yet you're name calling?? How immature!

Read my previous post again. I'm not going to play your silly games. Google the concept if that is all you can do to help your ignorance/inexperience issues.

After that .. perhaps you may wish to come back and teach me how to suck eggs (again). Bye, Pasta.

[Jovial Monk]

The housing market seems to be overloaded with stock and underloaded with buyers.

A steady deflation in house prices is nice (unless you are over leveraged) but cost of living pressures, let alone another rate hike by the idiots on the RBA board, could see that turn into a rout which would help nobody!

http://www.polanimal.com.au/viewtopic.p ... 360#p37777

That part of CoL due to the Vic & Qld floods will start easing. Electricity prices will keep rising, however, until the Libs and Greens stop playing political games and let the Carbon Tax/ETS through. Greens support went to a high of 15% but is currently under 10% (average of the last few polls) so I hope they get the message.

Personally, I can’t see any way out but some nice big Gen4 nuclear reactors along south coast, the rest is just piddling little projects to keep the professional hippy/yuppy class happy but without really doing much. By doing much I mean powering all of Sydney 24/7. That would be a worthwhile renewables project! Won’t happen tho, too $$$.

[Leftwinger]

A steady deflation in house prices is nice

This is the best possible outcome overall. And it seems to be what is happening, currently at least in most parts of Australia. The last thing we need is a US or Japanese-style property crash.

It's easy for me to say these things - I frequent forums where many bears are salivating for a major price crash in the belief that they will then race out and buy a cheap house. Unlike me, they haven't had the opportunity to buy a roof overhead for a reasonable price. I understand their frustration - but a severe price crash would be accompanied by an economic crash as well - housing could fall by 40% but you still can't afford one if you don't have a job. This is the exact situation in the US at present.

Housing credit growth has decellerated from 22% per annum before the GFC to around 5.5% per annum. We are not deleveraging, we are disleveraging - housing credit is still growing but the rate of growth has been getting slower and slower. The current rate of housing credit growth appears unable to sustain constantly rising prices (remember that credit gowth for houses isn't just about rising prices, it's about turnover/volume of sales as well).

What we need is for it to flatten from here - we don't want to slip into outright deleveraging housing-wise and risk severe economic consequences. Prices can drift down to more reasonable levels over the next 7-10 years, supplemented by incomes catching up. Housing will steadily grow more affordable and investors need not be wiped out, as long as they don't try to hang on for too long in the belief that house prices can only ever go up.

That's the best outcome IMO. After all, houses were invented to fulfill a fundamental human need - they weren't inveted to make speculators rich by passing ever-larger debt burdens down to subsequent generations.