• 24 Posts
  • 68 Comments
Joined 1 year ago
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Cake day: June 12th, 2023

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  • Purnell Real Estate principal Nick Purnell, who bought an apartment in Canberra as an investment property in 2020, said people will stop investing in property if negative gearing is abolished.

    Don’t threaten me with a good time.
    Investors, with their ability to outbid potential owner-occupiers are a significant component in the current rise in housing prices.
    Those rising house prices are DIRECTLY related to the raising rent prices.

    Negative gearing was implemented to achieve a change in the market, a large thumb on the scale by the government.
    Now it’s time to step back and reassess the market and figure out what we need to do to achieve our desired outcomes.

    Million dollar plus shoe boxes, whole suburbs dominated by short term rentals, people using the 15% equity on their 4 investment property to back a 5th in a giant house of cards gamble are NOT HELPING.



  • I agree and use Signal myself.
    But people like the extra features of WhatsApp like desktop/web clients with seamless history sync and all the other little things that WhatsApp provides.
    The average Joe doesn’t even think about security or privacy, they just know that the results of using WhatsApp are superior than using SMS.
    iMessage is a non starter everywhere out of the US, it just doesn’t have the market penetration.
    As an Australian, no one I know (many of whom own iPhones) talk about the blue-green bubble stuff.
    They recognise where the fault lies and simply don’t use the app.



  • Just one example of the lies and misinformation out there:

    Smart people I know believe that we have to go Nuclear because it’s the only green way to achieve baseload.

    When press on what baseload is, they seem to think it’s the minimum amount of power needed to keep the grid up.

    Which for anyone listening in, is backwards, baseload is actually the minimum amount of load required because it’s un-economical to spin old coal burners down. That’s why people used to heat their water at night on the cheap, because the power HAD to go somewhere.

    And these are smart people, just disinterested in the how and why of electricity generation.
    They flick a switch, the lights come on.
    Every 3 months they pay a bill and tut-tut about how expensive it is now “because of the green obsession”.