Thread: Mortgage Repayments

Originally Posted by vnx205

That's a good idea!

Then all we need is for the other people who are stupid enough to work in jobs where as well as making a meagre living they are making contribution to society or providing an essential service to have a bit of get up and go.

We need all the people working in childcare centres to go and get a proper job that pays a six figure salary. Of course that will create a bit of a problem for the two income families who need the second income either to survive or to service the loan on their fifth investment property. But if they have any drive they will find a solution.

At the same time we could get all the other people like teachers who work in jobs that don't pay overtime to leave and work somewhere where they do get overtime. They will still be working the same number of hours of course, but then with their overtime payments they will be able to pay extra contributions into their super.

Some of those people in jobs like nursing, childcare and teaching are probably the same unmotivated people who are scout leaders, sports coaches or members of service clubs like Apex or Lions. They are probably frittering away time that could be spent earning money on some sort of voluntary work in their community. Don't they realise their time would be better spent getting a second job so they could invest in the stock market or real estate?

It is possible that we need a few spivs, CEOs on obscene salaries and people who make their money by calculating or guessing when to buy or sell foreign currencies.

However it is certain that society could not function as it does without some of the people who are prepared to work in jobs where there is a sense of satisfaction that comes from having made a difference either to some individual's lives or to society in general. And there is plenty of evidence of just how much our society depends on volunteers

Those people like nurses and people being paid a pittance in early childhood centres and similar jobs have made their choice just like the people for whom a six figure salary is the most important facet of the job. Both groups have to accept the consequences of their decision.

It would be nice if just occasionally some of those driven, highly motivated, successful people would show some understanding and gratitude to those who have kept society functioning in the way we all like it to instead of adopting the attitude, "I have made myself rich through my own efforts. You could have done the same."

very very well said

Originally Posted by ROVERNIT

I think, and for what it counts the 40% of young families like mine who bought a house that we can aford we did right, what pees me of is old retiries who now have paid there house cant stop spending pushing up the intrest rates I say put up the GST so that it stop people spending so that home loan rates dont increase thats my 2 cents so for all you old bag of winds who have paid of there houses buying new fenders and the like think for moment why the rest of 40% of people winge every time a intrest hike happens

think thats a little unfair rovernit....

I think if you have earned your money and are in a position to spend it you should be able to. Inflation is one of the biggest loads of b/s out. At the end of the day it is your money not the governments and you should be able to spend it how you want. Pushing up interest rates is just another way of making multi nationals and investors richer. The problem with putting up interest rates is it actually hurts the people that can least afford it or do not have the money to spend on excess anyway.

one of the big probs is lots of boomers coming into retirement, all cashed up and splurging in an orgy of consumption before thier numbers up. and their kids are in their thirties, not had any kids yet, earning big bucks and spending them like teenagers.

Not that I blame them, it's their choice, there is just a pulse coming through that is bumping the economy about. It is all a bit out of balance

Inflation is one of the biggest loads of b/s out...

tell that to a kenyan..

inflation is a basic characteristic of the supply/demand economic model.

Originally Posted by procrastination inc

Inflation is one of the biggest loads of b/s out...

tell that to a kenyan..

inflation is a basic characteristic of the supply/demand economic model.

Ah Ha - Inflation is all a plot by that gay guy Keynes - he invented it to make all the breeders suffer!

Diana

Originally Posted by ROVERNIT

I think, and for what it counts the 40% of young families like mine who bought a house that we can aford we did right, what pees me of is old retiries who now have paid there house cant stop spending pushing up the intrest rates I say put up the GST so that it stop people spending so that home loan rates dont increase thats my 2 cents so for all you old bag of winds who have paid of there houses buying new fenders and the like think for moment why the rest of 40% of people winge every time a intrest hike happens

ROVERNIT

Thats bollocks,

Its been statistically proven over that last 5 years that the spenders that are driving the economy to destruction are the 18 - 28 year old bracket of uncommitted generation y nit witts that do not have a brain in their collective heads about how to save and build their future. They have disposable income, disposable clothing, disposable career's and disposable attitudes. Its not till they are well into their 30 that they realise that its time to build a bit of stability into their lifestyles as they aren't kid any more and the world hasn't self destructed yet.

This obviously doesn't go for all of them but unfortunately a large proportion form the majority.

ROVERNT

Stevo is right

it's the young people spending big on LCD Plasma TV's , Consumer goods such as Mobile Phones, ipods , electronic goods in general , also car sales hit a record high last year in 2007

All-Time Record First Quarter for Car Sales | Media Release | FCAI

but what really pees me off is how my mate gets a $5K baby grant from our Tax money and he buys himself a LCD 46" TV and none of that money goes towards the child