Jump to content
House Price Crash Forum

Rolf Harris

New Members
  • Posts

  • Joined

  • Last visited

About Rolf Harris

  • Rank

Contact Methods

  • Website URL
  • ICQ

Profile Information

  • Location
    Where beer does flow and men chunder
  1. If you look in the mirror in the bathroom shot you can see the bald dude taking the pics. I love it when that happens.
  2. Yes, or mandate that funds allocate a certain % of assets as government bonds. It would be interesting to see how the UK govt. would try to go about doing this after they tried to tie private fund payout increases to CPI.
  3. Maybe the local councilor in charge is waiting for a meeting with them, at which point a brown paper bag stuffed with cash is supposed to change hands. That's how it normally works in Australia.
  4. At least he wasn't claiming that clearing up the floods will be good for the local economy. Just a matter of time before someone does...
  5. True, I'm all for the barter system however just about everyone I know thinks "Barter" means "Haggle". Whenever I point this error out I'm told I'm a nit picking pedant.
  6. This Troy Buswell dude who is suggesting the increased first homebuyer's grant is better known for his chair sniffing antics, a total ******: Emotional Buswell admits to chair-sniffing incident Western Australian Opposition Leader Troy Buswell has had to hold back tears while acknowledging more offensive behaviour towards a female colleague. Yesterday Mr Buswell refused to be drawn on an allegation that he sniffed the chair of a female staffer in late 2005. On 13 occasions he described the allegation as an unsubstantiated rumour. Today however, he admitted the allegation was true. "All I can confirm is that the events described in the paper by the former female staffer are accurate," he said. http://www.abc.net.au/news/stories/2008/04/29/2230492.htm
  7. "The new proposal would apply even where RPI has been explicitly spelt out in pension scheme rules or a trust deed, the legal document governing each pension fund." Any decent govt. would protect legal contracts, this one is shitting all over them. Bunch of crooks, no better than Liebour.
  8. UK likes to copy some of Australia's policies e.g. points test migration. Maybe Libcons are going to propose something like they do over here - give a 50% discount on the CGT if the asset is held for more than 12 months then apply tax at the taxpayers marginal rate. Seems pretty fair to me and discourages short term speculation.
  9. AA+ still sounds really good though doesn't it?
  10. Check out this insanity... Revealed: The home loan that could save you a fortune * By Nick Gardner * From: The Sunday Telegraph * May 22, 2010 10:29PM HOMEBUYERS are to be offered never-ending mortgages in a bid to overcome Australia's affordability crisis. ING Direct, Australia's fifth largest lender, is preparing to sell loans that have no fixed term and no requirement to repay any capital along the way. At current rates, the interest-only loans would cut repayments on a $300,000 mortgage by $5000 a year. Repayments would be kept to a minimum, allowing borrowers to benefit from capital growth in their property. "People are needlessly being denied the chance to buy a property while prices spiral rapidly out of their reach" ING Direct CEO Don Koch said. "There is an urgent need to provide more affordable options and borrowers should be able to choose whether they want to repay the capital, or not." Mr Koch wants to position the bank as a "mortgage partner for life", with borrowers carrying the same interest-only loan from property to property for as long as they wish, accumulating equity from rising house prices as they go. Then, as they near retirement, they could sell their property for a big enough profit to pay off the original loan and buy a smaller place outright, leaving them mortgage-free. Or, they could keep the mortgage going and repay the original capital from their estate, after death. These loans has been popular for years in the UK and Europe, where repaying capital is seen by many as unnecessary and prohibitively expensive. "It has worked fantastically in Europe as a way for people to get home ownership and build wealth throughout their lives. It just requires a change in mindset about how you live with debt," Mr Koch said. "Some won't like carrying a mortgage for so long but, for a lot, this will make home ownership cheaper." Banks already offer interest-only loans, but borrowers often are allowed to keep them only for five to 10 years. Then they must start paying the capital. But ING says this preoccupation with paying off the loan is unnecessary. "There is no economic reason for banks to insist on regular capital repayment," Mr Koch said. "It just makes the loan more expensive for the borrower. "If this catches on and people carry the same mortgage around for life, instead of switching every five or six years, then the cost of providing mortgages should come down and make them even more affordable." Financial comparison website InfoChoice CEO Shaun Cornelius said the move was a welcome innovation: "Depending on the size of the loan, it could add hundreds of thousands of dollars to a borrower's cash flow over their lifetime." http://www.news.com.au/money/property/revealed-the-home-loan-that-could-save-you-a-fortune/story-e6frfmd0-1225870019522
  11. I'd MEW my house to the max for $50 gold.
  12. We're all in the same boat, apart from those holding precious metals. Those people would be in a bigger, better boat.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.