How much of it is reliant on Western Australia and mining exports? Do we have much of a tech sector? What would you do to improve it? Thanks
Were fucked mate.
Strip off your assets and sell them to the Chinese. That's sure to work.
t. US
Oh here's another good idea. Mandate quotas for taking in the boat people. They literally double the GDP.
We're better off than a lot of other countries but some of our taxes are fucked. As well as our housing market. Fuckin chingas
The vast majority of the Australian economy is services, and the vast majority of our services exports are education, management, and professional development.
The resources sector is comparatively small, only about 7% if I recall correctly. It's nowhere near as important as people think it is.
Agriculture is Australia's primary industry and our farmers are some of the best, most competitive, least subsidized in the world - but they can't compete because they simply have no/shit internet. It's fucking their business over hardcore.
There is no housing bubble, it's straight up not enough supply. The housing bubble won't "pop" - housing is not overvalued.
Our banks are vastly more stable and better run than most of the world but they're still a bunch of greedy cunts.
Our News Media is run by a cartel of powerful old men playing at ruling the nation. The only reliable news source is ABC News.
And no matter what happens, Australia will be fine. We've got luck on our side.
We have world class education and research capacity.
Our tech sector has already been obliterated.
Unfortunately the Libs want to destroy/defubd education and research in favour of more money for their mates.
So we get a 60 billion dollar internet disaster, our future dies and a few fat cunts get all the money.
And half the country are so placidly demented they'll vote these fuckwits back in, without even trying to take a tertiary glace at the tiny little pineapple shaped dick violently fucking them in the arse.
>>70924124
I like you. Any more redpills on our country Ausfags need to know?
>>70924124
Heartening, but I personally would love to see our populace rise up and throw these old men out of here. It is beyond a joke it hasn't happened already really
Also, if there's any anons in NSW, what do you think of ALA? I just read some of their policies last night and I didn't mind them. Any opinions?
>>70923370
I like you Australia but it's pretty much banana tier, sorry.
>>70924124
Farmers don't really need modems to be honest. You can call it an internet disaster, but I remember when you used to be connected by what apparently was two 56k dialup connections and we felt so bad about it that we didn't blow you off the internet.
Internet is a good investment, even if farmers don't need it.
Start a construction company you fucks
The Rockefeller Foundations owns us all.
>>70924811
Don't forget Ford and Carnegie.
>>70924287
The Australian Army is a piece of shit and a joke, and that's a good thing. The Navy is the main line of defence for the country and if an invader manages to land on the mainland we've basically already lost, which is why nobody spends money on the Army.
Indonesia is a credible security threat and we should be worried, because if the US is busy with China then who's going to protect us? Submarines are the premier combat vessel of any Navy nowadays and this is the driving force behind Australia's acquisition of new subs.
Our Air Force is falling apart. Literally. The reason we're buying new jets is not because of some meme upgrade but because our old jets have been flying for decades and are on the verge of flat-out breaking. They need to be replaced with something.
Mining companies paid $450 million in taxes all up. BHP alone made $15.6 billion in PROFITS. 81% of this went overseas. Our mining sector is downright treasonous.
University is not a scam.
Low-tech manufacturing is a dead horse and we need to shift from low-tech manufacturing to high-tech manufacturing. Trying to keep our dead low-tech manufacturing industry alive only sucks up resources that should be spent funding and investing in medical manufacturing and research.
>>70924317
Revolutions only happen when people can't get enough to eat.
>>70924930
>>70924124
Somehow I'm getting the gist you're saying this form a rather liberal perspective the one of a conservative.
>>70924930
Yes, sadly everyone here is to drunk and full to really give a fuck that we are being screwed of our future.
>>70925173
I'm a socialist, but certainly not a progressive.
A nationalist socialist, so to speak.
>>70925224
C'est la vie. Everywhere else is the same.
How do we create an australian trump?
>>70923370
>How much of it is reliant on Western Australia and mining exports?
>WA
Entirely, we get 30c for every dollar we pay in tax
>mining exports
kek
No it's your average joe from WA that pays the tax. It's a fucking joke.
Yet we still only get 30c.
Worse yet, the government knows this but try to keep it quiet.
Secession now.
>>70925353
you had tony
>>70924124
Western Australia is a massive GDP earner mate.
>>70924399
>how big is Australia
We just move from one boom to then next.
Besides, the tech industry is growing... I think.
>>70924124
I'm going to save this post and then post it when the housing bubble pops and the Chinese start dumping coal and iron to screw with you
>>70924124
>ABC news
>reliable
Pick one only you leftist cuckfag
>>70925528
He is right we have the same problem here with not enough yearly new builds. Too many chongs and curries moving into the cities putting pressure onto the supply side.
>>70925281
I don'tknow, something is odd about your statements, they seem to have that odd comedic undertone liberal comedians usually have when they're dismissing their own nation, mabye that's my anecdote.
>>70925353
We don't need one.
Politically we're fine, honestly I'd say having people like turnball make our country a stalemate, and with the state it's in I'm totally fine with that.
While I want to own weapons without restrictions have nationalized industry, it's a wish more then a reality.
>>70923912
>We're better off than a lot of other countries
No Perth is looking worse than most western cities right now. Literally changed within months.
Shit everywhere, street lights are turned off, homeless everywhere.
60% of people at a booze bus during easter tested positive for meth.
60 FUCKING PERCENT.
It's now the drug capital of Aus by far.
>>70924399
>Australian wine
>>70923370
There is also the fracking going on which is completely destroying the country. Fracking is all well and good if the land you're doing it on has no value whatsoever but in our great nation we've decided it'd be best to do this on the 4% of agricultural land that we have. The laws surrounding fracking is fucked which basically allows a company to plant itself down on any plot of land it chooses and begin pumping. Also Baird, the lockout laws guy, approved fracking into the great artesian basin. For all those who don't know this means that he has allowed pumping of chemicals into one of the largest aquifers in the world and 1/3 of Australia's water supply. So after mining completely fucks this country up further we're going to be left with literally a 2nd world country at best
>>70925528
There is no bubble.
A bubble occurs when a commodity is overvalued. People realise it's overvalued and dump it, and the price crashes.
Housing is not overvalued. It is expensive because it is scarce.
Please, screenshot this post.
>>70925563
I'm not playing this tired old game, faggot. Find me a single independent study or inquiry that has found systemic bias in ABC News.
Protip: you fucking can't.
Don't bother replying without one.
>>70924124
>The housing bubble won't "pop" - housing is not overvalued.
in Perth it will.
Empty apartments everywhere.
>>70925614
Isn't it slightly odd that they have their own housing bubble and massive ghost towns, but then decide to jump ship and come to your place instead?
>>70924124
this about the bubble, fucking business uni lectures were saying it would pop 5 years and 60% increase ago
>>70923370
Pretty sure the whole country is just douchey surfers and surfergirls sitting around drinking while the miningbux flow in from Western Aus. That is why there are no nerds or ugly people in Australia.
>>70925658
>believing the fracking meme
please keep this up
t. american fracking business
>>70925704
Isn't odd that they don't like living in cramped cities so they move to an entirely new nation to live in a cramped city.
The day the power and water is cut is the day the invading immigrants die.
>>70924124
>And no matter what happens, Australia will be fine. We've got luck on our side.
My friends are dying from drug abuse and poverty.
Please stop being ignorant of the working class communities. Especially the youth.
Clubs are near dystopian nowadays.
>>70925661
What about the nbn cover-up fiasco
>>70925619
>dismissing their own nation
There's not much to dismiss.
Australia is a middle power of no particular relevance. We rely on other countries but they don't rely on us. Our economy is fine, though it could use some diversification. We have a deficit problem that's caused by lack of revenue and overspending, but it's not a disaster yet and will probably be fixed. Our country is living beyond its means and there will be an adjustment soon, but it won't be enormous.
Our politicians are corrupt, but they don't have access to anything important enough to do damage. LNP rigs it in favour of banks and big business. Labor just sticks their face in the trough.
Australia is a fine place to live and there's no country like it, but I'm not going to pretend it's a particularly glorious existence. We're just kinda here.
And that's fine.
>>70925794
drug addicts are always the first signs of dying economy, happening in lots of manufacturing town in the US too
>>70925793
It almost sounds like you're calling them an invading army. What happened to naval superiority?
>>70925224
>Yes, sadly everyone here is to drunk and full to really give a fuck that we are being screwed of our future.
So much this.
I've quit, but only recently.
It's poison to Australia, except maybe the hospitality industry
>>70924279
> implying the NBN wasnt already fucked before the libs got elected.
Its a government project, its always going to be way over budget and behind schedule. Deluding yourself into thinking it was magically the Libs that destroyed the NBN is ridiculous. Should of just deregulated the telecom industry hardcore and let google or some mega company come in and compete with telstra.
>>70925875
You know how in Rome total war you could use a spy to sabotage the enemy cities gates and rush the hole army inside before the defender could respond?
That's what is happening to us.
>>70923370
More goverment, more inefficient, more inflation, less employment, more equality, more poverty.
I don't know if Social-Democraty actually works, i don't live in a welfare state. you do... social democrary works?
>>70924930
lol uni is a scam m8, outside of medicine the most employable degrees only have 80% of graduates in a full time job, thats any full time job
>>70925794
>My friends are dying from drug abuse and poverty.
Cool.
You should take a holiday to Brazil.
Every country has problems and it sucks that your friends are part of ours, but our problems are comparatively minor. That's probably no consolation to you, but the existence of one or two or even ten or twenty thousand people suffering in a prosperous country doesn't make the country not prosperous.
And, if you want my opinion, having represented an endless stream of druggies and malcontents, they get what they deserve.
>>70925807
Business as usual. Someone who was only partially involved will get a slap on the wrist - at worst he will get the full punishment if his benefactors really throw him to the wolves - and the people responsible will go yachting.
>>70925619
>We don't need one.
>Politically we're fine, honestly I'd say having people like turnball make our country a stalemate, and with the state it's in I'm totally fine with that.
Go to bed Turnball.
The east may be peachy. The west is in chaos.
>>70924361
really just there to take votes away from the libs. They are just a bunch of butthurt liberals that left the party over Tony Abbott. Who knows they may preference the coalition over the ALP, but in all honesty while the nationals are part of the coalition you should vote Libs.
>>70924124
So based on the agriculture points. My parents are farmers in the country and their internet download allowance, on the only available telstra plan for less than ~$200/month is 15 gigabytes a month. Not even enough to upgrade to Windows 10, how the fuck are you supposed to run a business.
Nothing will change with the NBN. Both political parties failed hard at improving broadly improving Australia's internet, but Turnbull announcing his 'digital agriculture' revolution a couple of months ago just made my fucking blood boil
>>70925661
>Housing is not overvalued. It is expensive because it is scarce.
Artificially scarce, you fuckwit. We live in Australia, not Hong Kong. There is an abundance of land that we are not utilizing.
>>70925917
The alcohol industry is unreal over here, I think the main problem is we have nothing else to do here. Alcohol is literally our culture and it saddens me that we are known internationally for that fact.
>>70926001
It's happening to us as well. Not much fun, but at least we still have the opportunity for sensible people to take notice of what's been set into motion.
>>70925794
>Clubs are near dystopian nowadays.
>My friends are dying from drug abuse and poverty
>>70925858
I don't think you understand the point, if I read your posts out in my head it sounds off, like you've got a ulterior motive.
>>70925991
Or you know, not privatize the telephone company owning half of your nation's telecommunication lines.
>>70926103
Hasn't it always been a relative shithole?
I've yet had the experience of someone saying positive about perth, or even talking about it at all.
>>70923602
fpbp
buy silver
>>70926145
That is quite shit at least i have unlimited out here in the boonies.
>>70926070
>Cool.
>You should take a holiday to Brazil.
>Every country has problems and it sucks that your friends are part of ours, but our problems are comparatively minor.
What city do you live in?
Because it's clearly not Perth. This city is beyond fucked.
I see abandoned stolen cars everyday on the freeway at night.
Homes are getting broken into left right and centre. Youth are congregating to clubs because they've lost faith in the world. They've given up. Meth used to be a rarity here. Not anymore, I'm now the minority who don't use it and avoid it.
>>70926145
Windows 10 is hell and cancer. The farmers in my family asked me to change it back for them.
>>70926208
its copypasta from an external forum
no one talks like that here
>>70926208
>I've yet had the experience of someone saying positive about perth, or even talking about it at all.
It used to be dullsville, not mad max. The population has almost doubled to 2 million in 20 years.
It's like lagos in Nigeria.
>>70926208
Having a monopoly led to only stagnation in the sector. It would of been preferable to not have a state owned telecom company in the first place but failing that they should of heavily deregulated the telecom industry and sold telstra off in parts.
>>70926372
im pretty sure it has a lot to do with only wanting one company running the lines and not a douzen different co.s
>>70926061
Which is 5% above the average across all people, which means that it's probably significantly higher because of how an average can be skewed.
>80% of graduates in full time
>70% of non-graduates in full time
>75% of people in full time on average
>>70926145
Yep. Our farmers are getting assfucked, but if it's any consolation it's just another thing to add to the long, long list.
>>70926160
It's almost as if houses take time to build, and Australia's cities are growing faster than investment can keep up.
That's not artificial scarcity, that's a lack of capital to build new houses. Also known as a supply shortage, or 'scarcity'.
>>70926208
>if I read your posts out in my head it sounds off, like you've got a ulterior motive.
Literally everything I wrote is unsourced. I consider myself relatively well-informed and with a balanced perspective. I'm interested in the truth. But how much you believe what I say really only depends on how much you trust me. If you want you can Google my talking points and decide for yourself. I understand your hesitancy.
>>70924399
>I like you Australia but it's pretty much banana tier, sorry.
Australia; the most free economic country, combined with welfare estate. The perfect country.
>>70926280
>Perth
Nuke it from orbit.
I can believe it, anon, but Perth is just one city.
>>70926448
>That's not artificial scarcity, that's a lack of capital to build new houses. Also known as a supply shortage, or 'scarcity'.
Dude, that's called people getting out of one bubble and into the next one, and selling you on how to rationalize it while planning the next few steps ahead while you're swilling goon.
>>70926372
Nigger what
Do you even united states?
They do that shit there, it is far from good.
>>70926367
Are you on something? You sound like a corner bum.
>>70926448
Nigger, it ain't your source or any bullshit like that, for some reason you read and write like a mother fucking robot or at least you say shit which looks like it came right out of some long-winded youtube comment.
You seem far too gleeful, and the fact that you supported ABC, out of anything is completely odd.
>>70926543
Then come out here and build 400 houses, sell them for a fortune, and take the money and run.
Oh wait, you can't, because you don't have the capital.
Australia's housing shortage exists because of a lack of capital being invested in it. Because the housing market supply is so inelastic it always works in cycles of "houses are cheap" --> nobody builds houses --> "houses are expensive" --> people build houses --> "houses are cheap"
The cycle has gone on for all time and will continue long after we die. The reason that they are so expensive this time, and the cycle is lasting so long, is because of the massive growth in our cities.
>>70926739
Who needs capital when you can get paid to take out a loan?
gotta build some australian commie blocks yo
I'm actually quite concerned with the culture of alcohol atm. Everywhere I turn there are ads for booze. There are 5 bottle shops 1 min away from where I live. Youth culture ofc but pills are so popular now which is pushing it out a bit.
Drugs and alcohol are just becoming endemic to most aspects of the society
>>70926868
9/11 was an inside job
>>70924124
>housing is not overvalued.
>m8
There are houses in good suburbs and whole floors of apartment buildings owned by foreign buyers as no more than an investment, and they don't even have anyone living in them.
Meanwhile trying to buy into the property market anywhere that's not an hour from the city will cost you close to 1 million for a four room shithole.
>>70926514
I think you're in denial about how bad this country has become, especially for the youth. I've heard the argument often from people who consider themselves well educated and well traveled that we don't know how good we have it. But why should we compare ourselves to the lowest common denominator? Really, there is a level of despair growing rapidly in this country that you're really not tuned into, or don't want to see. She'll be right mate, my fucking ass it will be.
>>70926690
>You seem far too gleeful
Comes with the territory. Real life is the greatest reality TV show there is, and we're all on screen.
>you supported ABC
It's the least worst option.
>you read and write like a mother fucking robot
I'm too tired to write creatively tonight.
>>70926818
Then come and do that, if it's so easy.
The banks don't have unlimited credit and there are a lot of competing applicants, not all of whom want to build houses.
>>70926970
The banks do have unlimited credit, friend.
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step #2
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>>70926448
thats 80% at best, plenty have lower. also you spend a lot of time and money for the possibility of using that degree, the gov could do a big part in regulating the industry considering how much they give unis.
plus the unemployment rate is 5.7% so its closer to 95% of the pop who wants to work is.
so in short a scam
>>70926952
>There are houses in good suburbs and whole floors of apartment buildings owned by foreign buyers as no more than an investment, and they don't even have anyone living in them.
That's called "people wanting to own things and buying the things that they want to own", which is what we also call "microeconomics."
It's not a bubble. It's demand.
>Meanwhile trying to buy into the property market anywhere that's not an hour from the city will cost you close to 1 million for a four room shithole.
Suck to be poor, but money ain't free. Everyone knows prices are high. That doesn't mean that they're wrong. If housing is scarce then prices will rise. The question is "is housing scarce?"
If housing isn't scarce and prices are high then that's a bubble.
If housing is scarce and prices are high then that's life.
>>70926446
As much I can see sense in what you're saying, I feel that selling it in parts might have lead to increased competition in rural regions due to a more companies having infrastructure in the vicinity. I've honestly called telstra from my farm to sort out internet problems and the call centre workers in Melbourne have been shocked by our situation. Telstra are absolutely fucked and dont give a shit about in a rural region, any other company would be preferable
Jesus, either I ate something which was spiked or I'm just surrounded by huffers who sound like they're spouting meaningless bullshit.
>>70926690
>Are you on something? You sound like a corner bum.
Nice argument mate.
I guess you're stumped. Did this revelation shock you?
Seriously. Wake up. Stop living in lala land.
>>70925646
>American education
>>70926895
>Drugs and alcohol are just becoming endemic to most aspects of the society
Get on the trolley, lad. Drugs and alcohol have been endemic to society since Adam was a boy.
>>70927127
No it's just this one smug, ignoramus that somehow has set himself up as the self appointed authority on all economical and social issues in Australia, yet he seems to be spouting off a load of bullshit in my opinion.
>>70926895
>Youth culture ofc but pills are so popular now which is pushing it out a bit.
Not only that, the pills are a worse kind of methamphetamine than mdma. It's less lovey dovey, more "I can do anything"
I tell my friends to avoid it like the plague now. The pills here are not the same anymore. The kids go out of control.
>>70926954
>But why should we compare ourselves to the lowest common denominator?
Because if you compare yourself to the utopia in your imagination you will be permanently disappointed. It's okay to have dreams, but don't expect them to materialise overnight and especially don't blame other people when your dreams don't just magically happen.
We all want things to be better, but that doesn't mean that they aren't good enough.
>I think you're in denial about how bad this country has become
And so the question here becomes: "Relative to what?"
We are bad compared to who else? Who is doing better than us? If we're only bad compared to your dream society then that's a level of failure I can live with.
>>70927012
Where does it come from?
>>70927068
>thats 80% at best, plenty have lower
Over what time frame?
>the gov could do a big part in regulating the industry considering how much they give unis
The gov. does regulate the industry. They set price caps on courses.
>also you spend a lot of time and money for the possibility of using that degree
Most people do, and most of them earn more money than people without degrees. Just look up the median income of people with degrees vs without.
>>70925661
>ABC
>Unbiased
Not one of their presenters has testicles larger than a pea. The men are mostly unassuming, gay, or jockeys. Every story is a contextualisation favouring the progressive point of view. You can't detect it because that is what bias aims to do, present some facts with heavy moralising on top. They cherry pick the footage and arguments then claim ignorance of what was missing later.
>>70927407
>And so the question here becomes: "Relative to what?"
Relative to our parent's generation and grandparents generation for one.
>>70927220
Shocked by what?
You are spouting citeless shit and making perth seem like this underworld.
>>70927344
I guess I'm not the only one feeling this, my boyfriend has a word this, it's practically sugar coated shit. You can make anything seem factual as long as it's punctuated correctly.
I'm either dumb as bricks that shit can't get through to me or I've actually got a pretty good mind which is contraian to anything which doesn't seem right.
>>70927454
I have to agree with this anon desu. I read abc news every day. You go there right now and there's at least two editorials on trannies and another on university rape culture.
>>70927407
>Where does it come from?
Our Federal Reserve bank, if necessary. Bear in mind that we staged one of the most massive protests ever against a $700M domestic housing bailout (which the fed orchestrated in the first place when dot-com bubble burst), and then the fed lied to Congress about bailing out foreign banks due to "national security" until it came out that they had dumped $27T out the back door while we were complaining about a measly $700M.
I don't know what "rules" your banking system pretends to play by, but there is really only one rule for these kind of people. And that one rule is deceit in order to keep the party going.
>>70927244
>went to Oz
>tried Oz's wine, a.k.a. goon
>went back to Vodka despite how ridiculously overpriced it was
It should be a human rights violation to sell that shit to humans.
>>70927110
>a country has a limited resource
>wealthy foreign investment buys up, but doesn't use said resource, putting it in cold storage
>local prices skyrocket for a resource that's not actually scarce
>not a bubble
Seems legit
>>70927625
It was never this bad before. I think they hired some bitch and she's been polluting the website with genderqueer shit for a few months now. It's disappointing, a year ago I would have backed up the ABC but it's clear they've totally folded.
>>70927757
Just so you know, ABC is one of our long-standing cuck media outlets and has been disregarded a long time ago as a waste of time, even by old people. If they've infested your country then it's because they couldn't make it here, even being paid through the pharmaceutical corporations backstopped by the government, with help from the CIA's brainwashing and drug-running and terrorism operations.
>>70927454
>You can't detect it
Nobody can detect it except for the people who want to see it.
Doesn't that tip you off a bit?
>>70927501
Happiness is on a sliding scale, mate. Pic related. The amount that things make you happy or annoy you adjusts to what you actually have around you. If you grew up in the 1950s in mostly the same way as you did today you'd feel just as depressive and angsty because you wouldn't know what you don't know, namely what life is like in 2016.
Comparing society across time periods is pointless. You can't go back.
>life was better then
Not for the people who lived then. Think about all the material goods that we have and yet how much people bitch. Humans will learn to be happy (if you're optimistic) or unhappy (if you're cynical) with whatever environment you put them in.
>>70927927
Mate, we've got the Australian Broadcasting Channel and you've got the American Broadcasting Channel. Entirely different things.
>>70927454
>ABC news
What's the alternative for local news then: channel 7, channel 9, channel 10. All corporately owned, all of which have have been sued more times in the last 5 years for blatently false reporting than the ABC has in it's entire history. If you applied the same level of scrutiny/independent reviews to the other news outlets they would get absolutely rolled
>>70926208
>it sounds off, like you've got a ulterior motive.
He's one of those "Independent Progressives" - claims to be fair and balanced and to have no will of his own.
>>70927636
Australian banks are regulated substantially differently to American banks.
Thank you for your input.
>>70927389
Ye and yet they binge on them like crazy. I might be bias because I work in hospitality but the uni kids are the same. Recklessness and lack of responsibility for their actions.
>>70927685
Thats like going to London, drinking Tesco lager and saying English beer is shit.
You bought wine in a box dipshit, what did you expect? St. Henri? Grange?
>>70928007
oh kek. Why would they name it that? Is there some sort of vast media conspiracy?
>>70928093
Not even Basel can regulate the banks. The regulators are bought and sold just like everybody else.
>>70927724
That's still not a bubble. You might not find it kosher but it doesn't make it a bubble. Wealthy foreign investors are a consumer just like you, and their purchases constitute demand, not artificial scarcity. If they want to buy the property then they are demanding it.
>not actually scarce
But it is scarce. They own it, and they can use it or not use it how they want. That's what property is - a bundle of rights that includes undisturbed possession and exclusive access or use.
You can't just decide that they don't own it because you don't like what they're doing with it.
>>70927927
America more than one country has an ABC.
>>70928194
>The regulators are bought and sold just like everybody else.
Ours are bought and sold in different ways, then.
>>70928068
Not a coincidence for obvious reasons, just like the british broadcasting channel not being a metaphor.
>>70928198
>You can't just decide that they don't own it because you don't like what they're doing with it.
Sure you can. You just have the UN dictate property code enforcement. Or maybe it's a hazard to public health. Or somebody didn't run the wiring quite right. What are you even talking about?
>>70927685
They have some decent wine if you stay away from Jacob's fucking Creek and all that kind of poor products.
Tax the poor
>>70927110
>It's not a bubble. It's demand.
But that's the point. The demand is low within Australia - but still reaching equilibrium because of investment.
Pic related.
>please be gentle, student here.
>>70928343
Those actions are taken by the state, who has different powers to a private citizen.
>>70928598
And who mans the state? Is it private citizens trying to maintain a balance between their dictators and their electorate?
>>70928198
I agree with what you're saying, property is just that, property.
But is it in the best interest of a country that has a small population and needs to support a growing middle class, to allow the completely unregulated sale of assets to overseas buyers?
Well and good to allow foreign investment, it brings in money, but what happens when there's little left to sell and everything is owned by other countries? A countries government should ensure the wellbeing of it's citizens first before the interests of offshore buyers.
Selling goods/services/training/education ect are one thing, but land is not something that we can produce more of in a hurry.
>>70927590
>You are spouting citeless shit and making perth seem like this underworld.
http://www.perthnow.com.au/news/western-australia/easter-road-safety-campaign-police-drug-blitz-catches-one-in-six-wa-drivers/news-story/7d1110dea85d0a980a6a0bab333268c2?nk=39836a5abd169db1d03e6aef6f43d99c-1460644751
>inb4 1 in 6
That was the people that took pingas before driving alone.
Simply going from proportions of my friends, and people I've talked to here, it's alot higher.
I heard 60% are on amphetamines. Either meth, mdma or even prescription (which frankly is no better to be honest)
Another important article. http://speedupsitstill.com/perth-a-case-study-in-adhd-abuse/
>>70927995
I said "you" probably can't detect it because you start from the position that it is trust worthy and don't look anywhere else. There was about two weeks of Obama praise in Cuba and hardly a word about him failing in his original election promise to close Guantanamo. But Abbot's promises? they can constantly recall those. They never mention Russian success in Syria only American success. Cherry fucking picking.
>>70928791
Why not just move out to the suburbs?
>Australia talk outside australia threads
>SHITPOSTING, MEMES, NOT EVEN ONCE, LE UPSIDE DOWN FACE KEKEKEKE
>Australia talk inside australia threads
>relatively civil, focused discussion
>>70928575
>The demand is low within Australia - but still reaching equilibrium because of investment.
That could well be the case, but it still doesn't constitute a bubble. A bubble is when a product is valued far above its intrinsic value, like a Beanie Baby with an annual price increase of 8,400%.
http://hereandnow.wbur.org/2015/03/02/beanie-baby-bubble
The thing about the houses is that they aren't being valued far above their intrinsic value. The demand is high and the supply is inelastic so the price will rise quickly until the supply catches up. Supply hasn't caught up yet because people aren't building enough, so government pulls some levers (like the proposed reform to negative gearing) and we see what happens. Sooner or later demand will fall and the price will fall too. If demand from China drops off overnight this still wouldn't be evidence of a bubble, because the demand was there. People did want the goods. Now the demand is gone because of an economic crisis and the housing market suffers. But it crashes, it doesn't pop.
A bubble refers to when price rises because of a demand increase fuelled largely by itself; that is to say "I want to buy this product because lots of other people want to buy this product and the price will go up because of that!"
Sooner or later everyone realises that's stupid and stops buying, and the bubble pops.
What is happening in the housing market is more "I have a house I want to sell and there are 400 people who want to buy it, so I will sell it to the man with the most money because I can."
>>70928728
>And who mans the state?
Civil servants and politicians, who are answerable to "private citizens" only once every three years (6 if you're a senator).
>>70928368
>decent wine
I think you mean the world's best wine Frenchy
>>70928791
>But is it in the best interest of a country that has a small population and needs to support a growing middle class, to allow the completely unregulated sale of assets to overseas buyers?
Of course not, but that doesn't make high housing prices a bubble.
I fully support kicking the chinks, gooks, and curry-munching poo-in-loos in the balls every single day of their lives, let alone making it slightly harder for them to buy a house, but that doesn't mean that high housing prices are a bubble.
>>70928846
http://www.abc.net.au/triplej/programs/hack/shutting-down-gitmo/7197144
Literally first result on Google for "abc why hasn't obama shut down guantanamo" and the first sentence is:
"It's been eight years since a younger-looking Obama (sans grey hair) - on the campaign trail to the White House - promised to shut down Guantanamo Bay."
Maybe you don't pay as much attention to the ABC as you think you do.
>>70928053
Forget local news and forget objective unbiased truth (even in science), it doesn't exist, pick a side because everything is moralising and everyone is willing to overlook large chunks of something for their preferred outcome to come out on top.
>>70928888
Only foreigners and soft cocks live in Australian cities and suburbs. Country living has a lot of freedoms you can't enjoy in the suburbs. Where else can I sit on my back porch naked, playing the didgeridoo to scare the dingos from my dope crop.
>>70928888
That's just it burgerbro, I am talking about the suburbs.
Australia's very different to the US. We have space here, lot's of it. I currently live in the suburbs, if I want to to drive to see my mate who lives in the city CBD, it's a forty minute trip on the freeway, and then I have to find parking.
Median house prices near the city are over one million, and you cannot buy IN the city unless you want a shoebox or are a millionaire. Houses at a reasonable price, under $500k AUD, dont really pop up until you're almost an hour from the city center, or closer if you're willing to settle for a weatherboard shithole
>>70929202
I never tried this one to be honest, did you taste it? One of the best wine I had was an Yquem 1967.
>>70929046
Looks like you summoned a shit poster
>>70929418
>>70929132
There's more than one way to skin a cat. Over here, you can get arrested for going to a public city council meeting and talking about the water supply. You can also file a complaint about your neighbor and bring the full force of the government down on your neighbor because of untrimmed weeds.
Or you can call the cops. Or you can pay $12 or whatever it is to file a civil suit. You can pay a little bit more if you want a city constable to serve them the papers if you're having trouble doing it yourself.
I'm not trying to win an e-war here, but I just think you should expand your thinking. Regulators might play by a slightly different set of official rules, but, even when they do, it's just for the facade of being able to testify that they technically played by the rules or otherwise avoid getting penalized.
>>70929086
>The thing about the houses is that they aren't being valued far above their intrinsic value. The demand is high and the supply is inelastic so the price will rise quickly until the supply catches up. Supply hasn't caught up yet because people aren't building enough, so government pulls some levers (like the proposed reform to negative gearing) and we see what happens. Sooner or later demand will fall and the price will fall too. If demand from China drops off overnight this still wouldn't be evidence of a bubble, because the demand was there. People did want the goods. Now the demand is gone because of an economic crisis and the housing market suffers. But it crashes, it doesn't pop.
The housing market is in a bubble because boomers and chinks are buying at inflated prices with easy credit for the purposes of generating rent or flipping. The actual demand for housing remains steady and is going to hit a wall when rent outpaces tenant income and changes to negative gearing prevents people from writing off the shortfall on tax deductions.
The cracks are already starting to show with migration to lower cost cities like brisbane and more and more millennials living with their parents.
People are about to lose their shirts and none of them want to acknowledge it.
>>70929086
>A bubble is when a product is valued far above its intrinsic value, like a Beanie Baby with an annual price increase of 8,400%.
kek and I call myself a commerce student.
Doesn't matter, I'm still convinced it's a bubble.
A singaporean friend warned me of this. Apparently in singapore, they have a bubble too. Say you have a person (P):
P1 buys property, sells it higher than before to P2.
P2 buys property, sells it higher than before to P3.
This pattern repeats until it reaches a point where the property is no longer buyable. Apparently it happens quickly too. Eventually, someone is left with a property that they can't sell.
If there are empty properties (which there are many of in Perth) then this is what is occurring. People that actually want to live in these homes won't buy the property at this ridiculous price. The price does not represent the demand of home buyers.
Hence why small homes can almost reach the price of a million dollars.
Fortunately, there are enough people renting out these homes. But now the economy has crashed, people cannot afford the high rents.
People start moving into homes with other people (like townhouses) and the renting price is no longer able to pay off things like land tax.
Then people want to sell... but they won't be able to sell - because only investors bought houses, not home buyers.
>>70929228
Perhaps, but either way I digress, I studied biology not economics so i'm hardly an expert unfortunately.
Here have a c. casuarius to scare foreigners with.
>>70929319
Hack's blog vs 2 weeks of prime time TV praise of Obama pretending to be a great unifier. Not comparable.
>>70929418
>Country living has a lot of freedoms you can't enjoy in the suburbs
Want to move to the NW actually. I'm broke though and doing a degree.. so I'm stuck in the city.
>>70929869
And then the banks say, "oh thanks for all those interest payments, but get out and we still own it." Until it gets so bad that the banks are upside down and have to pay people to stay there to fudge the books.
And then as long as they can fake it 'till they make it, this history books get rewritten to show how the banks saved everybody from this big problem, and they should all take out more loans and buy more houses :DDD
>>70929999
It's almost as if Obama ending sanctions on Cuba is big news and Guantanamo still being open again for another day, just like the other two thousand nine hundred and twenty days under Obama it will have been open for, is not. Obama is pretending to be a unifier for the cameras, the ABC isn't presenting him as that. The ABC is just there to record how he presents himself.
Your problem is that you think that the things you're interested in are the only things that are newsworthy and you are wrong. Guantanamo is still open and everybody knows and nobody cares, so why would it belong on the news?
And despite this, it _is_ on the news and takes barely half a second to find.
You are incapable of seeing things impartially. If a news organisation doesn't run the stories you want it to then it must be because they are biased, not because you have minority interests. If they report facts you disagree with it must be because they're lying, not because what you believe is (potentially) incorrect. If they speak about issues you have strong feelings on, even if they present no position of their own and just report what other people say about the issue, then somehow that is still biased coverage.
Tell you what, champ. You give me a definition of bias that isn't retarded and then go and prove how the ABC meets that definition.
>>70929733
>>70929869
Potentially, and you could be right. The real question is "will demand suddenly crash," and "why will demand suddenly crash." If the answer is yes, and because people suddenly realised their houses weren't worth as much as they thought they were, then it was a bubble all along. Time will tell.
>>70929409
I agree. I think by it's very nature journalism cannot be objective. But I still struggle to understand the relentless attacks and questions on the ABC's bias, given the lazy, often false, clickbait crap which is spewed to the masses by channel 7, 9 and 10 everyday. Say what you will about the ABC's bias, but they undeniably have way higher journalistic standards than their Australian competition.
"So much for Objective Journalism. Don’t bother to look for it here — not under any byline of mine; or anyone else I can think of. With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms."
- Hunter S. Thompson
>>70924900
ITT: It's 1870
>>70930497
I don't trust the ABC but I trust them more than I do the other channels.
Besides, SBS is worse.
>>70930115
>"oh thanks for all those interest payments, but get out and we still own it." Until it gets so bad that the banks are upside down and have to pay people to stay there to fudge the books.
I have no doubt that that is already happening.
Australia's government will be forced to raise their interest rates too.
Inflation is about to go through the roof because of these interest rates (further increasing repayments) - this may spiral out of control.
Reserve bank interest rates will either make people save more (which would actually decrease inflation) or it will decrease the purchasing parity of such loans - meaning that loans will be worth less in real terms than it did before (which will increase inflation buy increasing the demand).
Alternatively, it could go in reverse, I'm just figuring that out now.. not sure because I might be ignoring certain things. Especially futures indexes etc.
Anyone with knowledge, correct if I'm wrong, I'm doing a test in the morning and I should know this shit.
>>70929590
You will be a very lucky man if you ever get to taste a Penfolds Grange, they're super expensive and definitely one of Australia's best wines. I've had a sip of a 1998 Grange and it was amazing
>>70930632
Carnegie was an outspoken proponent of having the US merge back with the UK, and also Communism. My local Carnegie school is still shilling for more money, asking me to be a "loyal Scot" even though I am nothing of the sort. Not until I reminded them that they were in violation of federal law that I got a very apologetic letter from the legal staff and they finally stopped pestering me for money as hard as they used to. All while not paying their taxes, and living off of government-backed loans to poor useful idiots and handouts from the government and the too big to fails, mind you.
So, yeah, it's pretty much 2016.
>>70930448
>The real question is "will demand suddenly crash," and "why will demand suddenly crash."
I think it's about to do that.
China has drastically cut down demand in mining here, people are being laid off left right and centre.
There's no alternative industry really here. Only hospitality and services grew. That may be enough actually - but people need to keep going out and people that work in hospo need to use the services more. That is simply not going to happen - they get paid barely above min wage.
If people can't get constant sources of income - how can they demand properties? They can't mortgage or anything.
Then the burst happens, because demand suddenly decreases. The burst is happening as we speak. GET OUT GET OUT.
My parent's may be bankrupt by christmas.
>>70930863
>Reserve bank interest rates
Look at the trend. They were already effectively negative, and now they're going outright negative. Last time Yellen tried to hike it by a laughable handful of basis points, it was full-on shemita oy vey time and she had to backtrack.
The trend is your friend. Say good-bye to evertyhing next time somebody pulls a Volker.
>>70930356
>ABC IS PERFECT - if they do cherry pick is entirely insignificant by my standard.
I've already said bias can't be proven, by design it hides within the known rules, it's like trying to find out if your girlfriend likes your twin more than you. It's just something you can trust intuitively or not. There is no objective measure because they can always claim innocence and secretly try to tip the scales because they know you are looking. Point is to find a girlfriend who backs you significantly more than anyone else, who knows being objective is a farce and to just present the facts which are significant to you.
>>70931185
Another thing - the only way I can see us avoiding this is huge government or company investment in high tech.
High tech is in boom, will be for a long time.
If any entrepreneurs see this post, get in contact with tech wiz's, start companies and factories here now, before we all lose our livelihoods.
>>70931402
>Look at the trend. They were already effectively negative, and now they're going outright negative
my head hurts.
But that sounds bad aswell. "Risk free" investment would not be affected. Nobody was buying before, why would they buy now?
Then risky investment would not change. Or am I wrong on this? Is risky investment's interest rates affected by this? I've never seen a situation where the risk free rate was negative.
The nominal rates would decrease if inflation lowered again... but I'm still not entirely certain of the effects of this.
>>70931834
>bias can't be proven
If it can't be proven then it doesn't exist.
Case closed.
Besides, you ignore the numerous times that bias has been proven.
>>70932016
Negative interest rates do many things, like for instance if you're at the special window then you get paid to borrow money and then put it back on deposit at a different rate to arbitrage your way into recapitalizing your bank because you're part of the insider's club.
But for the average Joe (or Bruce, I suppose) what it means is that there is now an incentive to gamble because you have a better chance of coming out ahead than if you just saved your money. So it shifts the risk into crazy land where it's less risky to be really really risky. It's basically a sign of the end times, but with all this "financial innovation" going on, who knows when the music will stop?
>>70932283
And no woman has ever cheated before - except those that were caught. What you can observe is the lack of covering the bias.
>>70931402
>somebody pulls a Volker.
Hang on, they're getting rid of some speculative investments?
That might not be a good thing, especially when businesses and banks rely on trading futures.
>>70932695
Let me rephrase:
If you can't prove bias then I don't believe you.
Other people have managed to prove bias for other networks. "I can't" is not an argument, it's an excuse for why you have no evidence.
>>70932709
It appears as though they're stuck at a crossroads of understanding that they need to rein things back in but still needing to keep juicing everything just to get by. I don't expect another Volker to happen, since they can't even figure out how to have a new global currency regime yet to raise the phoenix from the ashes.
What I do expect is a period of increasing volatility as things jump around from one opportunity to the next. It's possible that this could be played in an intelligent way so as to bring about an economic recovery, but all signs point toward something rather more chaotic and even intentionally destructive.
>>70930448
>If the answer is yes, and because people suddenly realised their houses weren't worth as much as they thought they were, then it was a bubble all along.
This is precisely what will happen when investors realize that they're sitting on properties that can't be rented or sold at a profit and are effectively liabilities no investments. Those that are fully leveraged or smart will be desperate to sell immediately and will undercut prices, producing an uptick in tenants moving to ownership. This will in turn reduce the tenant pool, leaving empty homes and investors with no choice but to liquidate or drop their rent. At this point there will be a mad rush to liquidate everything as people finally realize that a property that can't generate enough rent to pay the interest is worth less than nothing and the housing market will implode overnight, leaving unlucky or unaware investors (and eventually the banks) with a bunch of unsellable properties that are worth a fraction of what they bought them for.
What we're seeing right now is a textbook bubble. Nobody can predict when it will burst, but I would strongly recommend getting some cash together so that you can snap up some inner city land whenever the market bottoms out.
>>70932774
>proved
for you, did they have bias before this proof came to be known? and are they perfect now?
Consider this sentence: I'm fucking you partner.
Are you going to believe me or not believe me? You would need objective proof before you make a decision? A hand written note under the toilet seat that says I am fucking your wife... indeed cheating is about concealing information. You talk as if people don't ever want to deceive.
>>70932397
>It's basically a sign of the end times, but with all this "financial innovation" going on, who knows when the music will stop?
Not if I can help it.
I'm spending these 2 years to knuckle down on these problems.
I get the feeling our lecturers are being played for fools here. What you just said has literally made most of this semester's text meaningless. Fuck.
>But for the average Joe (or Bruce, I suppose) what it means is that there is now an incentive to gamble because you have a better chance of coming out ahead than if you just saved your money.
Not good. Especially here. Even our government is bad at investing.
>https://au.news.yahoo.com/thewest/regional/north-west/a/31219203/pilbara-left-with-boom-hangover/
>gov't invests in waaaaaay too much infrastructure in Karratha, a crappy pilbara town which only has the mining boom
>mining boom just stopped too
>by the time it starts again (if it does) the buildings will probably be in a state of disrepair and unusable, meaning the whole thing was pointless
I'm beginning to see why that happened. It was never gonna work. Combine that with the amphetamine crisis - hey presto, everyone is taking out loans on anything, even if they will not succeed.
We need to make Australia great again, immediately.
>>70933308
>the buildings will probably be in a state of disrepair and unusable, meaning the whole thing was pointless
And that's when it becomes more profitable to pay people to bulldoze them and build all new to have another go around, except by all new designs, such as living in UN pods and forcing you to rent everything including for instance transportation.
I'm not terribly familiar up with your Steve Keen, economics professor, but most of everything I've heard him say has been basically in the right direction.
>>70932959
>What I do expect is a period of increasing volatility as things jump around from one opportunity to the next. It's possible that this could be played in an intelligent way so as to bring about an economic recovery, but all signs point toward something rather more chaotic and even intentionally destructive.
I actually think there may be a way there, but I need to figure out the long term consequences.
If we don't have time though, we may have no choice but to go with this. I also think it's a dead end.
>>70933034
This is what should have happened in the US real estate crisis but didn't because of government intervention. Everyone should have been foreclosed on 8 years ago. The prices never corrected and are higher than before. The patient has been on life support for too long.
>>70924124
>It's nowhere near as important as people think it is.
Over 50% of Australia exports are from the mining sector. The mining sector shitting itself as a huge impact on our trade deficit.
>There is no housing bubble, it's straight up not enough supply. The housing bubble won't "pop" - housing is not overvalued.
U wot m8? Government is artificially restricting land releases and house prices v income has doubled in the last 15 years or so. As soon as the mining monkeys lose their overinflated pay packets WA is fucked and it could bring the rest of the country down with it.
>>70924124
>The only reliable news source is ABC News.
Yeah I bet you think triple j is really informative and unbiased too
>>70933204
>Consider this sentence: I'm fucking you partner.
Are you a fucking moron? If the ABC came out and said 'yep, we're biased', I'd believe them. But they're not. Instead, YOU are saying that. And YOU can't prove it. YOU have no evidence. YOU are casting baseless and incorrect aspersions and then hiding behind the "If you don't agree with me it's because you're part of the conspiracy too!" defence. YOU are unconvincing.
Here is what a convincing argument about bias looks like. Pick any one of these and sit down and actually fucking read something for once in your life. Once you've done that you will understand why your "argument" is so poor and fallacious.
https://scholar.google.com.au/scholar?hl=en&q=media+bias&btnG=&as_sdt=1%2C5&as_sdtp=
>>70933843
Fuck off and read the thread, cunt. Nobody cares about your dumbshit opinions 2 hours after the fact.
youre headed for a recession
>>70933639
John Maynard Keyens, gay pedophile who helped broker the Breton Woods system, which, love it or hate it, in many ways turned out to be a stroke of genius, was once asked about the long term consequences.
His response was something to the effect of, "we'll all be dead by then." Well, I'll be dead some day, too. But if you can come up with a better idea, then the world will beat a path to your door. (the old mouse traps actually work the best in my experience)
>>70933860
I believe everyone is biased and I work backwards, you trust everyone to be unbiased and work backwards.
We are coming from fundamentally opposite angles. I don't think you are in on it, I just think it's naive to give people the benefit of the doubt in everything.
>>70933577
>I'm not terribly familiar up with your Steve Keen, economics professor, but most of everything I've heard him say has been basically in the right direction.
>wikipedia:
>The hypothesis predicts that an overly large private debt to GDP ratio can cause deflation and depression.
Well we have all of those, but we need to work out how a certain threshold of private debt causes this.
I'm guessing liquidity issues?
Banks cannot just keep giving out money when it's not in their reserves.
First they give it out to a dodgy business (B1). When that fails, banks acquire non-liquid assets like property.
If said property is bursting, they've effectively lost out.
So that means that they SHOULD stop lending to dodgy businesses, if it's just gonna be loss after loss because of the burst.
But they're still apparently giving it for things like Karratha.
Are they seriously not seeing this bullshit?
Also - this amphetamine crisis has literally fucked us. I bet tellers and people in banks have bloody noses all the time. This impairs their judgement (i guess)
>>70928198
Yeah and what happens when all those foreign investors suddenly realise no one can afford to buy million dollar studio apartments, or when people simply refuse to buy them because no confidence in the housing market
They will all bail and suddenly the bubble you refuse to admit exists pops
>>70934232
>you trust everyone to be unbiased and work backwards.
I absolutely do not. Did you miss the part where I categorically labelled every other Australian news outlet as dogshit? That's not the action of somebody who gives others "the benefit of the doubt".
I watch a lot of ABC news, at least 2 hours a day, every day, during the working week. Often more. I trust them because they have shown that they are trustworthy. I don't trust them implicitly and I don't just believe what they tell me. They're not the only news source I use. But they are reputable, and they can be relied on.
>>70933034
>Nobody can predict when it will burst, but I would strongly recommend getting some cash together so that you can snap up some inner city land whenever the market bottoms out.
assuming aussie inner cities don't become the new Detroits.
>>70933738
>As soon as the mining monkeys lose their overinflated pay packets WA is fucked and it could bring the rest of the country down with it.
Read thread, already happening.
It would be interesting to see the demand change in low budget foods and supplies - that shows an increase in unemployment.
>>70924124
Cant apeak to all of this but as an MA in business logistics and having studied agra-supply chains, he is not wrong about bad internet fucking up stuff.
Its a new world out there, the people who move your produce want to have constant updates on that stuff and the best systems do it automatically with minimal user input and even a few dollars per tonne and you get priced out of the market, atleast concerning dry grains which was my area of focus.
Just think about this, think about how much it would cost to charter a ship which can only berth in 10 port terminals in the country to take on and move, all up, hundreds of millions of dollars worth of grain each year across from about 7 major domestic grain logistics companies, and now think about being the asshole who fucked that all up because you couldnt even send a fucking email on time.
One asshole is an annoyance, tough shit to him, if every farmer is this asshole we are talking millions lost every year and before you know it the middle east regear and fuck over one of australia's most profitable markets
>>70934445
I've avoided addressing this all thread because I know /pol/ will ignore me, but foreign investors aren't the problem.
http://www.domain.com.au/news/foreign-buyers-account-for-1-per-cent-of-australian-home-sales-new-research-20150902-gjdycq/
Chinese buyers account for 2 per cent of Australian home sales.
High housing prices have nothing to do with foreign investment.
Tar and feather me.
>>70934165
>His response was something to the effect of, "we'll all be dead by then."
I would normally say I'm so done with this right now, but I'm not gonna let this country die like a bitch.
Time to get thinking. Time to write down ideas.
But first, test in the morning.
>>70923370
Our export economy is about 60% mining. While mining makes up a small fraction of our overall GDP, it's because the money the mining companies get only counts to the GDP once, and is then moved into other sectors many times over. Let me just say that the AUD would be worth fuck all if you couldn't use it to buy assloads of minerals. See what happened to it when the iron and coal prices tumbled? That was on the assumption they'd eventually go up again. If we didn't have mining our dollar would be on par with other glorious places like Thailand and Phuket, meaning we wouldn't be able to buy a 10th of the shit we get from the US and china.
Anyone who thinks otherwise is a retard who doesn't understand what the GDP represents.
>>70934419
We have a very serious drug crisis here as well. Even when I was in school, I was shocked not so much at how rampant the drugs were but by how quickly the tide had turned. And this is not the first time in history that drugs have been used for both subjugation and profit. Not at all. It's literally conquest.
Chronic amphetamine use 100% impairs judgement. There was as study done once that found the brains of professional traders matched the brains of cocaine addicts. Vices like drugs, gambling, and sex, are typically regulated in some fashion because they really are problems. The trick is how to regulate them.
>>70933724
They only need to hold it out just long enough for the boomers that own everything to retire or die, then they don't give a fuck what anything is worth anymore, they've lived their lives already, at the expense of ours
>>70924124
>There is no housing bubble, it's straight up not enough supply.
Ahahahahahahah you dumb cunt. House prices going up 20% per year? You think our population is growing at 20%? You're fucking dreaming mate, this isn't a question of simple supply and demand - it's pure bubble territory as everyone levers up to the max to get in on the guaranteed free money.
>>70934531
Oh I know its already happening, its Mr ABC News fag here who's the one with his fingers in his ears. It's just going to take a while for it to sink in and for ABC News to report about it.
>>70934674
>Chinese buyers account for 2 per cent of Australian home sales.
>what are proxies
Singapore my friend. No wonder my mate said he felt trapped by his country.
Anyone got stats on the types of investors?
I bet they're deliberately trying to hide this to sustain an impression of "no problems here"
Trump is right, foreign borders are a HUGE issue. Far bigger than I realised.
>>70934484
Yes but at one point you did give the other channels the benefit of the doubt. Then someone proved it to you for all other channels except your baby channel is magically free from it.
You must be the rich guy who lives on a property near the valley, I will leave that note under the toilet lid next time you go on one of your business trips.
ABC can be relied on to contextualise as much as possible towards the progressive mindset with use of emotional imagery and limited argumentation (I could also run a 24/7 beheading channel and get an emotional response).
>>70934888
And the funny thing is you won't be able to find any of these cunts once it all comes crashing down. They'll all just say they saw it coming. Bunch of know all's that actually know nothing. People talk the property market up constantly because it's also in their interest to do so.
90% of the meth coming into australia is from china.
they sell it here, buy houses and apartments, fill them with either illegal workers or chinese whores, which generates more money, which allows more purchases etc.
its no coincidence that Border Force was established, then meth supply skyrocketed.
t. West Aussie copper.
>>70935068
>Yes but at one point you did give the other channels the benefit of the doubt
Yeah, maybe when I was fucking 5 years old.
>ABC can be relied on to contextualise as much as possible towards the progressive mindset with use of emotional imagery and limited argumentation
Then PROVE IT. Other people have managed it with other networks, so the only reason you can't is that a) you're a moron or b) it's not biased.
There is no other explanation.
>>70923370
That's a weird keyboard. Is that a shitpost-button?
>>70935034
Did you miss the parliamentary inquiry into house prices? It found that foreign investment wasn't responsible at all.
http://www.news.com.au/finance/real-estate/buying/housing-affordability-are-foreign-investors-to-blame-for-australias-high-property-prices/news-story/710ba2cff1932f0fb3f81ce83a07946b
Ultimately, the report concludes that there is no solid evidence to support the idea that foreign investors are driving up prices.
It acknowledges that reliable data on the issue is scarce but finds that, overall, foreign investment is good for Australia.
The report states that overseas buyers actually help to make housing more affordable because their investment boosts the economy, provides jobs and — crucially — encourages new homes to be built, increasing housing supply.
“The evidence points to a continuous lack of supply in Australia as a key driver of price increases,” the report states.
“Importantly, foreign investment is regarded by industry experts as vital to increasing this supply.
“Rather than causing price pressures, the evidence suggests that foreign investments may actually help keep prices lower by increasing supply.”
>>70934961
http://theconversation.com/australias-five-pillar-economy-mining-40701
>The mining sector currently contributes around 8.5% to Australia’s GDP (total output), and employs around 2% of the workforce (about 220,000 people).
>Australia currently has long-term (over 20-year) contracts to supply gas to China, India, Japan and South Korea. According to forecasts by the Department of Industry and Science, minerals and energy export earnings will increase by around 6% per year between now and 2020.
>So, while the mining boom is over, and the industry moves into its operational phase and therefore employs fewer workers, the outlook seems generally good.
>May 1, 2015 6.46am AEST
>>70923370
You work hard to give a big part of YOUR earnings to a cucked government loving mudslimes and niggers who just reproduce like fucking rats and roaches while complaining they need more to support their retarded offspring who have no chance in hell to ever get a good job because by the time they need to go to college kid # 8 is going to need to go to school so they demand even more resulting in ME having to pay more taxes to support their bloody useless wellfare life.
Ow shit, that's the Netherlands, sorry about that.
>we are doomed
>>70935186
I don't think it's especially important to tally for you every time the news crews zoom in on women and children compared with the number of male refugees - which they never mention the actual demographics of, i hear "many of them women and children" when it would be more accurate to say "the overwhelming majority are uneducated fighting age males". You will either dismiss it as "they just didn't have the footage of the others" or "that's not bias that's being impartial", which is fine, you don't find little things like that significant, others do, which is why there is no objective measure of bias.
>>70934888
>Ahahahahahahah you dumb cunt. House prices going up 20% per year? You think our population is growing at 20%? You're fucking dreaming mate, this isn't a question of simple supply and demand - it's pure bubble territory as everyone levers up to the max to get in on the guaranteed free money.
Well said.
>>70934816
>hey only need to hold it out just long enough for the boomers that own everything to retire or die, then they don't give a fuck what anything is worth anymore, they've lived their lives already, at the expense of ours
I think this thread has proved this. Fucking meme magic strikes again. They've literally ignored the future for their own gain. That's pure evil. No wonder trump stood in. His sons must have brought this issue up.
Now we need to solve this issue. How do we reduce blatant usury (the original form, not the high interest form)
I don't think we can, at this point, get rid of it. It's to inbuilt into the system.
Then we need to turn it around. If we can't do that - Stop it. Regulate it.
Then we need to think how this can be practically done.
>>70935505
goddamn wellfare leeching scum having kids at all should all be hanged!
>>70935635
>which is why there is no objective measure of bias.
If it has no effect then it does not exist. You may not be able to define everything that can possibly be considered bias but you can certainly measure the effects. In fact this is how bias is measured.
Your fucking feelings ("they zoomed in on the women and it made me feel bad so it's BIASED") are not relevant. That's what impartiality means. Measure the EFFECTS and determine bias based on that.
I will dismiss it as a load of fucking bullshit because that is all it is.
Like I have said repeatedly:
Other people can prove bias - WHY CAN'T YOU.
>>70935273
>parliamentary inquiry
Into the trash it goes. Why would these politicians and bureaucrats want to end foreign investment in property and drive house prices down when it will affect them personally? They're all just greedy pigs with their snouts in the trough, they couldn't care less about this country or the people in it.
You should get into politics, you sound just like one. And that's not a compliment.
You've also stayed in this thread replying for over 3 hours, I hope they pay you well.
>>70935493
>http://theconversation.com/australias-five-pillar-economy-mining-40701
As I said overpaid mining monkeys are no longer employed and cannot afford over priced houses and rents. It's already happening in WA my friend, this in not speculation.
The rats are already heading back to the eastern states and New Zealand.
>>70935985
>the inquiry didn't turn up the results i wanted so it must be wrong
That's a meme. If you can't refute the inquiry's findings point by point, and you can't, then I wonder what basis you could possibly make that determination on.
Politics is about ignoring the facts and sticking to the party line no matter the cost, and you're doing that admirably. There has been no research that shows that foreign investors drive up house prices. Go and fucking look for it - you won't find it. But don't let that stop you sticking to your party line, faggot.
>>70936153
>housing too expensive in WA
>so i'll move to fucking SYDNEY, with the most expensive housing in the fucking nation
Do you even read what you type?
>>70935273
>Ultimately, the report concludes that there is no solid evidence to support the idea that foreign investors are driving up prices.
Proxies, ill say it again.
Of course there's no evidence, they've probably shredded it by now.
I was worried about ISIS, we should have been more worried about foreign investors with no consequences if Aus goes belly up.
It's large scale arbitrage. Only Aus is impacted.
Also I wonder who paid for that article, and who worked on that inquiry.
>“The evidence points to a continuous lack of supply in Australia as a key driver of price increases,” the report states.
It cannot be that. 20% growth in prices does not correlate with the population growth.
Maybe the boom's inflation did this partially - but I doubt 20% worth.
>“Importantly, foreign investment is regarded by industry experts as vital to increasing this supply.
Said Schmeul Goldberg from his degree taught by a foreign investor.
>“Rather than causing price pressures, the evidence suggests that foreign investments may actually help keep prices lower by increasing supply.”
Why did it rise so disproportionally then? Yeah there may be some new apartments. But they certainly wouldn't flood the markets. >>70928575
This actually was important in the end.
You've been played for fools people.
>>70936268
>Proxies, ill say it again.
The inquiry examined all foreign investment, not just Chinese.
>Also I wonder who paid for that article, and who worked on that inquiry.
Feel free to wonder, but you have no proof of bias so why the fuck would I care?
>20% growth in prices does not correlate with the population growth.
Nor does it correlate with being 2% of fucking transactions.
Holy shit. You have no evidence, you have no argument, and your only response when confronted with two articles both containing a plethora of evidence and argument is "it's biased so I don't have to refute it, and I certainly don't have to prove that it's biased."
Are you incapable of rational thought?
>>70935505
>You work hard to give a big part of YOUR earnings to a cucked government loving mudslimes and niggers who just reproduce like fucking rats and roaches
Turnball owns properties,
Turnball knows there's oversupply and a possibility of bursting.
Turnball realises that the only way to combat this is by increasing the population to rediculous levels to increase demand.
It's not white genocide. It's simple greed ladies and gentlemen. FUCK THIS BULLSHIT
REEEEEEEEEEEEEEEEEEEE
>>70936169
I'm a peer-reviewed published scientist, so when I say something you can take it as fact. The influx of the Chinese population, particularly over the past five years or so, is jaw-dropping. They typically rent, and it's clear that only a portion of them go to school or have a job -- in other words, they're getting paid to pay the landlords and if it were not for this then the landlords would have to drop the prices and rent to rowdy college kids, ghetto people, etc. And even with that small portion that does go to school, you might as well call the university a Chinatown if not for so many Indians. So you know where the university is getting its bread buttered. I could tell you about the H1B stories as well -- it's better than a religious exemption if you just say "oh my visa problems."
But they don't pay me to write papers about that. So I don't write papers about that.
>>70926514
one of the major cities in a country with only a few big cities is a rather large warning sign. then again, you can try to put on that fake as fuck, modern limey airs of smugness and superiority.
>>70928845
talking to smugfucks is like pissing into the wind bro. they could be in some shithole like Juarez or even Port Au Prince and saying LOOK ITS SO NICE!! LOCAL FLAIR!!! LETS TRY THESE TACOS, ARE THESE VEGAN FREE ROAM, ALL NATURAL ORGANIC GENDERFLUID DEMISEXUAL BRANDED TOFU. I CANT EAT MEAT IM A VEGAN LESBIAN, and expect to not get either shot, held for ransom, or decapitated.
>>70935909
And there are proofs for the existence of god that many people accept, it comes down to the believer. If you define bias as the measurable effect then that is like an atheist defining god as the measurable effect of person-like being, it's just different definitions to different people and you have accepted the "objective bias" hypothesis first.
You just seem too trusting mate, assume people have ulterior motives and work backwards - why don't you study the word subterfuge - these aren't modern concepts, but you think because it's 2016 you are impossible to con? was your STEM training so powerful that you can't be fooled? because logic! ... tell me, what do two entirely rational beings say to each other?
>>70936613
That's very interesting, and I'm involved at a uni as well so I'm not unfamiliar with chinky-poos and poo-in-loos, but it doesn't impact on the findings of the inquiry or any of the other stuff I've linked. Anecdotes are not empirical evidence.
>>70936703
>If you define bias as the measurable effect
No, you misunderstand. If it does not create an effect then it doesn't fucking exist. Existence is characterised by the effect that it has. How do I know wind exists? Because I can feel it, I can see it by throwing sand up, I can measure it with equipment. How do I know bias exists? Because it causes some effect. If bias exists and has no effect then it doesn't fucking exist - or may as well not exist.
So you can prove bias exists by proving the effect that it has.
>You just seem too trusting mate
Fuck off, I'm not paying you for psychoanalysis. And the greatest irony is that you are asking me to trust you, you who has NO PROOF, no argument, fucking nothing at all, that the ABC is biased.
>this entire thread
>>70936259
You are a legit moron and have no business lecturing people on the Austrian economy.
>>70937233
This coming from the shitcunt whose limit of microeconomic analysis is "PEOPLE RUN OUT OF MONEY SO THEY MOVE SOMEWHERE MORE EXPENSIVE".
>>70936459
The 20% figure speaks for itself. There is no other reasonable argument for it.
>>70935505
See this right
>You work hard to give a big part of YOUR earnings to a cucked government loving mudslimes and niggers who just reproduce like fucking rats and roaches
Why would the government do this, when average Bruce is entirely against it?
Just the 20% figure is all I need thank you.
It's all coming together,
>Turnball has property
>Turnball sees the oversupply and coming burst
>Turnball knows foreign investment is risky because of the fact that the inquiries are happening
>Turnball turns to new solution: immigration, to increase demand
Cunts. Parliament of criminal cunts playing us for a fool. Hence why tones was kicked out - he wanted to restrict borders. I think he may have wanted to restrict investment - and this did not sit well with the rest of the liberal government.
Anyone got sauce for the 20% figure. If we find that, that's all we need to prove this beyond a reasonable doubt in a court of law.
>>70937052
Empirical evidence is all anecdotes anyway.
>mfw one of the few times my boss got mad at me was when I told him that
>>70937430
>There is no other reasonable argument for it.
So your explanation is "2% of transactions are pushing up housing prices by 20% a year".
That's the reasonable explanation?
>>70937454
True, but you know what I mean.
>>70937123
we do care about some things.
>>70937052
Patterns of thought have no easily measurable effect... for if it were easily measurable I would be afraid that the next step would be that they were easily altered. Ideas (opinions) aren't measurable therefore no ideas exist is a terrible comeback to my scepticism.
Are you Jewish per chance?
>>70936459
>>Proxies, ill say it again.
Also of course it wouldn't find chinese or any foreign investment, they most likely used australian based individuals or companies.
You know Aus is full of corruption, this is not unreasonable.
I do need evidence, but even the lack of it is suspicious.
>>70937589
>Patterns of thought have no easily measurable effect
Yes they do.
"How do you feel about policy A?"
"I feel negatively towards it."
>six months later person votes against policy A
Wow, it's almost as if people who think policy A is bad vote against it. We can say that patterns of thought that are generally negative about a policy are a good predictor that the people who hold those patterns of thought will not support the policy.
This isn't a difficult subject.
>>70937350
Did I say move to an expensive part of Sydney motherfucker? Do you not understand that low socioeconomic bogans have flooded WA and are now headed back to the rat holes they were born in over east and New Zealand leaving an overinflated housing market in WA.
You are one dense strawmanning retard.
>>70937731
>People are always truthful and can always accurately trace the source and reasonings of their opinions
Are you listening to yourself? I always lie on surveys to remind myself of this.
>>70937589
>Are you Jewish per chance?
I'm thinking that too. There is something awfully suspicious. Infact, it's nearing a reasonable doubt in my mind.
But he does have us on the evidence. Which I think we may never find even if we are correct.
The inquiry "disproved" the foreign investment schemes. Disproved, that's much easier to do when the onus is not on them. If it was, then again, they'd just need to hide the evidence.
I'm worried /pol/
>>70937609
>they most likely used australian based individuals or companies.
Why? Nobody's going to stop them. The FIRB has made 0 prosecutions.
>>70937760
>Do you not understand that low socioeconomic bogans have flooded WA and are now headed back to the rat holes they were born in over east and New Zealand leaving an overinflated housing market in WA.
That links to earlier in the thread, when I said there was an oversupply and bubble.
DOOMED.
We may have the worst recession the world has seen from this. The economy is already terrible.
>>70935273
what are shell and holding companies for then?
its how people who are really rich hide all of their money, and can claim on taxes they own nothing. that an foundations.
>>70938006
You might like to familiarize yourself with behavioral psychology. That's basically the line of thinking, and you are correct in suspecting there's something missing from it. It only does what it sets out to do, afterall. It's basically a form of modeling people as though they were machines, as well as one of the most advanced forms of mind control known as Operant Conditioning.
But you should really go to sleep and do well your tests. Don't let the (you) addiction ruin your life.
>>70937952
Surveys continue to be a reliable tool for gathering data, which is why they are used.
Your argument just gets more and more insane.
>there is no possible way to get evidence of bias
>okay, yes, you can get evidence of bias because bias must have some effect, but it's not measurable
>okay, yes, it is measurable, but the way that you measure it isn't reliable, even though it has been used for fucking centuries and has worked well enough for subjects far more complex
>and all of this is true, because i lie on surveys
>>70938132
>Why? Nobody's going to stop them.
Tell me... why did we have such an inquiry in the first place then? What motive was there?
I'll tell you, to keep the suspicion low.
Singapore friend you are a god send - proof that they know what to deal with PR and long term wise. I bet they cracked down (beginning research)
>>70938248
My test is on this - this may be beneficially.
Also I woke up at 5pm due to silly sister's ruining my sleeping pattern by needing a lift to PROSH.
>>70937760
Wow, it's almost as though when demand dries up prices fall.
That doesn't make it a bubble.
Jesus fucking Christ, take an ECON1010 course.
>>70938240
>what are shell and holding companies for then?
m8, if you were smart enough to pick up on that then how can you possible expect it would have folown under the radar at the fucking inquiry? You can read all the documentation yourself and find the answers you seek.
http://www.aph.gov.au/Parliamentary_Business/Committees/House/Economics/Foreign_investment_in_real_estate/Tabled_Reports
>>70938382
>why did we have such an inquiry in the first place then? What motive was there?
People who were incapable of doing research whipped up a huge outcry over nothing which needed the government to come and inform them. It was all a big waste of time though because they ignore facts that they don't like, and the "muh foreign investors" furore continues.
>>70934520
Impossible. Detroit is only that way because it's 90% niggers
>>70938639
shell companies can be helmed by natural citizens, as to get around foreign securities and exchange laws. theres is all kinds of fucky as shit tricks they investment bankers and lawyers have.
good job for falling for the govt wouldnt lie to me meme Champ.
>>70938382
10 seconds it took
>http://www.theonlinecitizen.com/2016/01/singapores-property-market-continues-to-feel-the-impact-of-2013/
>The ABSD is additional tax imposed on foreign buyers, Permanent Residents and Singapore citizens purchasing their second or subsequent property.
The cat is out of the bag. China knew we'd begin doing the same thing if they were caught. Turnball is in the same boat, that's why tone was sacked.
Fucking hell.
Also
>http://www.news.com.au/finance/real-estate/buying/housing-affordability-are-foreign-investors-to-blame-for-australias-high-property-prices/news-story/710ba2cff1932f0fb3f81ce83a07946b
>Foreign people living in Australia for no more than 12 months can buy one existing home, but they must live in it and sell it when their visa expires
This is one reason why they'd need proxies
>But no evidence of house price push
All I need is evidence that the price does not match a realistic supply/demand model with the population of Australia.
>Combined capital city home values have increased 13.2 per cent in the 21 months to January 2014
This was years ago, yet 6% a year is still waaaay too much.
>but maybe inflation, etc, caused it
"Meanwhile, an International Monetary Fund report from last month found that the ratio of housing prices to average incomes is 31.6 per cent above the historical average in Australia."
>>70938882
>shell companies can be helmed by natural citizens, as to get around foreign securities and exchange laws.
Cool.
And I assume you have yards and yards of proof that these exist, that the majority of transactions take place through them, and that there are sufficient hidden transactions to create the effects that the inquiry couldn't find?
No?
Wow, what a fucking surprise.
You can't just say shit and expect people to take it as fact.
If you cannot prove it then it doesn't fucking matter what you allege.
>>70938256
-bias is evident in us all in any and all directions, subconsciously and conciously
-our actions stem from our opinions
-journalists/editors get exiled for exposing their inherent bias too much and must feel out the limits to survive in the field.
-ONLY the missteps covering their tracks are observable by the transparency rules which some people mistake as "bias", journo's must change to stay within the rules as a survival method.
-No you cannot measure the contents of a secret in any meaningful way.
-self-reporting is a fine measure of the end opinion they want to express at that time, I don't think it's a measure of the truth or the full reasoning tree behind their decision or a point at which bias can be "measured".
-truth is not objective and neither is bias.
>>70938713
It won't ever get that bad here, but it will go bad.
>>70939073
>BIAS EXISTS IN THE ABC BUT ONLY I HAVE THE SPECIAL LASER VISION THAT CAN SEE IT
>YOU JUST
>HAVE
>TO TRUST ME
No thanks. I've wasted enough time on this.
>>70938988
>muh proof
Lawfag here also in finance, we only need to prove it beyond a reason doubt.
One shred of evidence then it's goodbye cunt.
>You can't just say shit and expect people to take it as fact.
Actually that happens too often in Australia.
>houses are literally free money man, property can only go up you should buy as expensive a house as you can find because you know it'll be worth twice as much in 5 years!
>not a bubble
>>70938973
>This is one reason why they'd need proxies
Nobody has ever been prosecuted by the FIRB under those laws.
Trust me, they don't need proxies for that.
>China knew we'd begin doing the same thing if they were caught
"China" is not a hivemind. Why would I, Xian Xeng Xzhoua, a private citizen, go through all the effort to set up a complex network to avoid detection at considerable expense to buy a property I can just straight up buy without any memery right now? For the benefit of my countrymen? I'm fucking Chinese.
>the price does not match a realistic supply/demand model with the population of Australia
And you're the authority on economic realism? Prices on products have jumped far more than 20% per year due to supply shortfalls. None of this is unprecedented.
There simply isn't enough supply. That's what's causing it.
>>70939300
>we only need to prove it beyond a reason doubt.
This isn't a court. There are no standards of proof other than what I deem convincing.
So, convince me.
>One shred of evidence then it's goodbye cunt.
And you can't even find that.
>>70939514
>>we only need to prove it beyond a reason doubt.
>This isn't a court. There are no standards of proof other than what I deem convincing.
>So, convince me.
Lol
What do you think an inquiry is dickhead?
And you clearly won't buy what evidence I give you because you know admitting this goes against everything you've said in this thread.
The bias is now on your part.
>>70939174
Watch this: I dismiss all the bias found in other channels as insignificant, therefore prove to me they have any bias at all.. If anything they are more impartial than ABC. Now I have the ball in my court.
Pro tip: You can't because I refuse to see it as significant and I don't recognise any of those other authorities.
SIGNIFICANCE IS SUBJECTIVE
>people still arguing with this moron.
>>70939434
>Nobody has ever been prosecuted by the FIRB under those laws.
>Trust me, they don't need proxies for that.
Know why? Because circumstantial evidence was dismissed as not enough.
Why?
Because that judge merely said so.
The same judges that I bet have been placed there by turnshit.
>>70939819
No I think it's been constructive. Because they will argue this in court.
>>70939805
Yeah, if you go into an argument with the intention of never conceding a point and denying everything then you can do that. It makes you totally irrational. If you set your standards at an impossible level and use every trick in the book to weasel and bully your way through then you can do that too.
I'm fully willing to concede the ABC is biased, IF YOU CAN PROVE IT.
But here's some proof anyway that your adopted stance is wrong.
http://www.theguardian.com/media/datablog/2014/feb/06/australian-broadcasting-corporation-australia
Pic related. 0.47 is the midpoint, higher than that is for Coalition bias and lower for Labor bias.
>this thread
I have never seen /pol/ do something this constructive in my life.
If someone wants to cap it, please do.
>>70939944
>Know why? Because circumstantial evidence was dismissed as not enough.
I said prosecuted.
Not convicted.
No prosecutions have even been launched by the FIRB.
>>70940688
what are those numbers?
Don't crop the legend out.
>>70939819
It's not an argument, they just restate the same points over and over again because they don't understand that it's not their points I don't comprehend, it's that I want evidence for those points. Then their post is invariably just a restatement of the points, and my post is yet another demand for evidence, ad infinitum.
Such is life for the academic on /pol/.
>>70940899
The link was literally right there.
>>70940793
>No prosecutions have even been launched by the FIRB.
>they didn't even try to bring the case to court
Shit. That's corruption on 3 levels we have to deal with. This is effed.
You a student? I liked the questions.
Mate Melbournes economey is just banking, a ponzi-scheme real estate market and cafes.
I've no idea how it produces 'wealth'.
I just know it makes overpriced houses and coffee.
>>70941041
Agreed. The FIRB and ASIC are asleep at the wheel and need serious reform.
I've finished my degree.
>>70924124
>The only reliable news source is ABC.
Holy fuck mate, you need help.
>>70940984
>The link was literally right there.
Still, why crop it out?
I know why.
>The researchers applied this scale to media organisations.
>A score of 0.47 on the scale is the midpoint between Coalition and Labor.
>Any score above 0.47 represents the media organisation giving more time to Coalition-favoured intellectuals,
>and below 0.47 represents more time given to Labor-oriented intellectuals.
Although I question why the guardian used 3 decimal places just for ABC, and the *just for the ABC (bet the others have margins of error).
Right wing bias? Wait that doesn't add u-
>>Note: * p=≤0.05
Hah.
That being said, I think that article itself is biased.
>Perth 6pr
We call it redneck radio here.
>>70935273
>primary driver for the increasing production of housing is it's low supply
>low supply created by overseas owners massively purchasing australian housing
>their purchases keep the supply low
>and low supply makes the supply grow
>so them lowering the supply is good because it creates more supply
Holy fuck, your parliamentary inquiry should be used as a "cuck of the year" award.
>>70941680
Also look at the estimates. The more "impartial" ones use far more intellectuals.
Still. Channel 7/9... I don't even, not even a quarter of the amount for 7, half for 9.
I think TV is just fucking biased. But we all know that.
>>70941680
>Still, why crop it out?
Because my screen isn't big enough to grab the whole thing. Notice how that in the pic it is included the p 0.05 is omitted.
>Although I question why the guardian used 3 decimal places just for ABC
Because the article is about the ABC specifically, and the margin of error on the others, being 0.0X, wouldn't have shown up with how they presented the data.
>I think that article itself is biased.
It's just relating data found by a study. It's not original research.
>We call it redneck radio here.
We do the same for 4BC.
>>70942012
Foreign investors buy expensive homes, new home owners buy cheap ones. They don't compete for the same properties.
