Looks like we'll be able to land our foils straight on the grass once the new development is done at Scabs... Cheers MRA!
Select to expand quotecbulota said..
or maybe even land kite :)
yeehaa, hit that sick little bowl!
Select to expand quotejackforbes said..
Looks like we'll be able to land our foils straight on the grass once the new development is done at Scabs... Cheers MRA!
thats a paraglider wing choppa
This can't be right, I can't see where they have put the kelly slater wave pool or the legal weed dispensary
So where are people going to park???? this is basically where the 2 existing car parks are?
Is it going to be in the near by underground junkie galore car park at $22 per day?
I don't really care, I can walk from my pad but this looks like it will create some issues.
Maybe it will be like the clock tower traffic island where they turned it to a pedestrian walkway, realised it turned to ****s, changed it to a one way street but realise that you couldn't exit Coles without driving to Brighton so people drove anyway and trafic was backing up so far that buses could not get through.
At great expenses and fanfare (we are improving your suburb!!!!!), they finally reverted to the way it was 10 years ago.
This looks like a posh attempt at making Scarb a trendy joint, great for the investors and myself but probably sad for anyone else in Perth who sometimes drives down for a day at the beach.
Select to expand quotesebol said.. great for the investors
wont have to worry about that to much...being wa and all. the investors all invested in a bus pass out of there
Select to expand quotesebol said..
So where are people going to park???? this is basically where the 2 existing car parks are?
Is it going to be in the near by underground junkie galore car park at $22 per day?
I don't really care, I can walk from my pad but this looks like it will create some issues.
Maybe it will be like the clock tower traffic island where they turned it to a pedestrian walkway, realised it turned to ****s, changed it to a one way street but realise that you couldn't exit Coles without driving to Brighton so people drove anyway and trafic was backing up so far that buses could not get through.
At great expenses and fanfare (we are improving your suburb!!!!!), they finally reverted to the way it was 10 years ago.
This looks like a posh attempt at making Scarb a trendy joint, great for the investors and myself but probably sad for anyone else in Perth who sometimes drives down for a day at the beach.
Yeh seb', (astute observation)....love it how the government spends generational debt created dollars that the tax payer pays back plus interest and yet all the gains only go to the private land owners...hence speculative bubbles. Reckon a few politicians and there puppet masters would own some land around there...or just bought some before the announcement lol!!!
But hey your on the right side of the equation, nice one bro.
you want to know why the average wage (spending power) of a man has not increased since 1973! while the top 5 percent has increased by 50 percent..Now you know why We see the rich and poor gap growing.
I know because I paid $132000 for my house 200 metres away
Glad I bought it in 2000 but gutted for my kids that will probably never live around here as the new development may make things even worse.
Curious... helps me a get a better idea of the context in terms of which the house was valued. Probably not the only important variable.
sorry i don't want to high jack this topic, i think there is already one in the shooting the breeze.
Select to expand quotedanw said..
Curious... helps me a get a better idea of the context in terms of which the house was valued. Probably not the only important variable.
sorry i don't want to high jack this topic, i think there is already one in the shooting the breeze.
It wasn't the most meaningful topic anyway, all it had was pretty pictures...
Select to expand quoteeppo said...
Would have been around 8 percent, just above the long term average, why?
First place we bought some 25 years ago interest rates were 15-16%. We sold the place 18 years later for 10 times the value in a lower interest environment. We did spend a fair bit of money and a huge amount of energy renovating what was basically a ruin. But there is lesson in interest rates and property price correlation. I'm selling all my properties now. (Except for our home)
Select to expand quoteDave Whettingsteel said..
But there is lesson in interest rates and property price correlation. I'm selling all my properties now.
Please elaborate. 
^^^
Select to expand quoteDave Whettingsteel said..
eppo said...
Would have been around 8 percent, just above the long term average, why?
First place we bought some 25 years ago interest rates were 15-16%. We sold the place 18 years later for 10 times the value in a lower interest environment. We did spend a fair bit of money and a huge amount of energy renovating what was basically a ruin. But there is lesson in interest rates and property price correlation. I'm selling all my properties now. (Except for our home)
rates should be starting to normalise now in this part of the cycle Historically...but they are not!! Becuse all central banks want to keep the Ponzi scheme ticking along and have accumulated historically high debt, most of this going to Wall Street so companies can buy back their own shares. The bond yield curve (difference between short and long term bonds, and essentially how banks make a profit) is getting scarily close. no wonder most of Europe is in negative interest territory. Japan is a basket case. China is leveraged to its eyeballs. American corporate profits are decreasing...
And among all of this is a currency war which can take a decade or two to play out...symptoms of 'funny money'.
Im not sure historical interest rate correlations can be applied here...the 40 year fractional reserve lending experiment (making money out of nothing. ...well not nothing, through debt...may be reaching the end of its life)... Watch out folks...especially around 2025.... 
Secret life of real estate and banking, Jim Anderson...good start if you want to read to get an idea whats really going on.
Select to expand quotewaveslave said..Dave Whettingsteel said..
But there is lesson in interest rates and property price correlation. I'm selling all my properties now.
Please elaborate. ^^^
Just that interest rates are at an all time low, which makes it cheap to borrow so property prices tend to stay high. (Even in a flat market like WA at the moment).
When interest rates start going up again in a year or 2, its pretty likely that property prices will fall.
Well that's my theory anyway!!
Select to expand quoteDave Whettingsteel said..
I'm selling all my properties now.
Are all your properties in WA ?
Right now in WA it's a buyers market ... isn't it ?
And you're selling. Interesting ?
You've got to do what you've got to do.
Select to expand quoteDave Whettingsteel said..
Just that interest rates are at an all time low, which makes it cheap to borrow so property prices tend to stay high. (Even in a flat market like WA at the moment).
When interest rates start going up again in a year or 2, its pretty likely that property prices will fall.
Well that's my theory anyway!!
Why would rates increase?
- Are wages going up?
- Are price of goods increasing?
- Are asset prices increasing?
- Are businesses thriving?
If so, great! Bring on the rate increases.
These are all good points guys!
I've made the call it's a least worst time to sell property and get out of debt.
Time will tell if it was a good call, but I'll be happy to have money in bank and super rather than property and debt. I'm excited!
Agreed beNe....deflation is among us...for now. Saddled with debt, baby boomers no longer spending (equals not wanting to go into more debt), automation (robotics), countries racing each other to the bottom in currency wars....
dave getting out of debt is a fabulous idea. I'm excited for you to.
but the elite deep state (the modern feudal lords, the rentiers) still have helicopter money up its sleeve. They won't give up that easy on the economic rent of land just yet. Expect propert to increase from 2021 ish to 2025 ish (After a mid cycle slow down, 2019/2020 then the mother faker of all crashes...1929 like, but predictably worse, not the piddley GFC which we were sheltered from by Mr Swan wasting all of the greatest mining boom of history and Some, by handing out money to bogans for flat screen TVs, plus printing more money that doesn't exist (More debt), and throwing it at infrastructure works like the scabs 'great idea'.
But they really running out of bullets if the economy does stagnate more...and if they drop interest rates too low, then capital will leave Australia ..and we suck on the tit of international money. No one has the political balls to make the fiscal changes necessary to avoid this.
Select to expand quoteDave Whettingsteel said..
Time will tell if it was a good call, but I'll be happy to have money in bank and super rather than property and debt. I'm excited!
Given your timeline profile.
And the fact you have made your coin from tax benefits that have burden the youth of today.
Probably a good move.
Select to expand quoteeppo said..
Expect propert to increase from 2021 ish to 2025 ish (After a mid cycle slow down, 2019/2020 then the mother faker of all crashes...1929 like, but predictably worse, not the piddley GFC which we were sheltered from by Mr Swan wasting all of the greatest mining boom of history and Some, by handing out money to bogans for flat screen TVs, plus printing more money that doesn't exist (More debt), and throwing it at infrastructure works like the scabs 'great idea'.
But they really running out of bullets if the economy does stagnate more...and if they drop interest rates too low, then capital will leave Australia ..and we suck on the tit of international money. No one has the political balls to make the fiscal changes necessary to avoid this.
Interesting forecast Eppo! Sounds very gloomy if you are right. Agree about the disaster of governments throwing out money to "stimulate the economy". Leaves us all with a massive debt hangover, and it seems an increased tolerance for running deficits.
As the UK Daily Telegraph recently stated: ‘China’s debt is approaching $30 trillion. The fresh credit alone created since 2007 is greater than the outstanding liabilities of the US, Japanese, German, and Indian commercial banking systems combined.’
...by the way in 2008 China's debt was only 7 trillion...
Instead of learning from the mistakes of 2008, the central academic whackjobs just ramped up the debt engine even more! Robbing from savers to give to private corporations...tax payers pay for all of this in the end. Hence the paradox between increased wealth in a country and increased poverty at the same time.
Running deficits makes us very vulnerable...all those countries above (except America) do not run deficits, export more than they import. Which makes Australia position between a rock and hard place. We need international money to support our standard of living. Drop rates too far (one of the central banks main levers) and sure it may devalue our dollar for better export return, but money we depend on will find other places to park.
Yep deflation is well and truly set in, but a ticking back to runaway inflation can happen very fast and it's inflation governments want to essentially reduce the value of their every increasing debt. The will pull out whatever stops they can to get inflation...but sometimes they let the genie out the bag too much. You almost need to plan for both. That's how mixed things up are now.
Understand the land issue, private enclosed rent of land, given through government granted licenses and you will start to get the bigger picture....it's very disheartening to say the least. All gains eventually go to land...which modern economists call capital now (that's the biggest con of it all). Clever little sods these rich elite cnts.
