Bill Maher's latest New Rule

[Trumplestiltskin 5,791]

With you as Australian tourist board spokesman, its difficult to see how.

[scandal 951]

Only fools need to operate in packs.

I thought it was wolves, actually?

Fools tend to live hermit lifestyles in the Australian outback

[Heracles 417]

With you as Australian tourist board spokesman, its difficult to see how.

As I said to you before bud, Australia has enough Brits migrating there daily that even if we offend a few here, no harm done really. A British Airways flight just landed in Sydney, which I can guess and even bet there is a good number of people on the flight that are permanently migrating there.

Don't worry chap, you have Jersey and the ghettos there that apparently are no big deal.

[Heracles 417]

Fools tend to live hermit lifestyles in the Australian outback

yeah, unfortunately they are unable to live the awesome Scandlish lifestyle in Chicago. Average house price is about $550k in Sydney. Can that even buy a toilet in Chicago? probably not right.

By the way, ask your pals at Nortel if they ever bothered fixing the shasta boxes. Oh wait, the company is gone.

Edited August 11, 2009 by haza

[w¡n9Nµ7 §£@¥€r 123]

Higher priced good are generally higher priced because they are more, not less, desirable.

[Heracles 417]

Higher priced good are generally higher priced because they are more, not less, desirable.

Hence my comment on house prices in Sydney Which just went up again this quarter.

Chicago: $249,950 ouch.

Edited August 11, 2009 by haza

[Trumplestiltskin 5,791]

With you as Australian tourist board spokesman, its difficult to see how.

As I said to you before bud, Australia has enough Brits migrating there daily that even if we offend a few here, no harm done really. A British Airways flight just landed in Sydney, which I can guess and even bet there is a good number of people on the flight that are permanently migrating there.

Don't worry chap, you have Jersey and the ghettos there that apparently are no big deal.

Why is that important to you and for that matter why do you think that I care?

[Heracles 417]

Why is that important to you and for that matter why do you think that I care?

Four years later and I wouldn't have a clue on what you do care about. The ambiguous stances you have are ideal for a career in politics.

The only stance you have made clear is your absolute denial of anything any everything negative about the culture, the attitude, of poor minorities in America.

You also refuse to accept the opinion of anyone who opposes that of your own and fail to ever prove how you and your opinion is valid or correct. We have been through this all before of course. My mistake for posting under a thread you created.

Edited August 11, 2009 by haza

[Heracles 417]

Six's two posts actually relating to the thread he created, with the first being the op:

Cue the outrage

This thread has gone wrong in so many ways.

Barely enough words to form a sentence.

Edited August 11, 2009 by haza

[mRx 16]

Higher priced good are generally higher priced because they are more, not less, desirable.

Hence my comment on house prices in Sydney Which just went up again this quarter.

Haza,

Housing bubbles are not a good thing, and that's what Australia has. I also don't know why you use "high prices" as a gauge of prosperity.

Your bubble will pop soon enough, and those ridiculous prices will come crashing down. And all the Outbackers who used equity to fund consumption will be in the same shape as Americans who are upside-down on their mortgages.

[mRx 16]

Higher priced good are generally higher priced because they are more, not less, desirable.

Generally.

Except when those prices reflect artificially stimulated industries.

[w¡n9Nµ7 §£@¥€r 123]

Higher priced good are generally higher priced because they are more, not less, desirable.

Generally.

Except when those prices reflect artificially stimulated industries.

There will never be a bubble in a commodity no one wants.

[Trumplestiltskin 5,791]

Why is that important to you and for that matter why do you think that I care?

Four years later and I wouldn't have a clue on what you do care about. The ambiguous stances you have are ideal for a career in politics.

The only stance you have made clear is your absolute denial of anything any everything negative about the culture, the attitude, of poor minorities in America.

You also refuse to accept the opinion of anyone who opposes that of your own and fail to ever prove how you and your opinion is valid or correct. We have been through this all before of course. My mistake for posting under a thread you created.

Again you lie.

[Heracles 417]

Haza,

Housing bubbles are not a good thing, and that's what Australia has. I also don't know why you use "high prices" as a gauge of prosperity.

Your bubble will pop soon enough, and those ridiculous prices will come crashing down. And all the Outbackers who used equity to fund consumption will be in the same shape as Americans who are upside-down on their mortgages.

House prices there are fueled by a different type of growth there. Australia didn't have the housing flip pyramid scheme the US went through. In many cities there are still housing shortages. Australians are also not spread out like people are here so growth in and around the cities has been strong. People are bidding for rents there like they do in Manhattan. We're not talking so min island either. Melbourne and Sydney are quite metro areas. Population wise alone they would be the 10th and 14th largest equivalent of the US. 4,689.1 sq mi

They were also smart not to buy US Treasury Securities.

Again you lie.

Dude, lets agree to disagree. This merry go round arguing as you put it, is pointless. We are just wasting each others time and I am sure you are as tired of it as I am.

Edited August 11, 2009 by haza

[w¡n9Nµ7 §£@¥€r 123]

House prices there are fueled by a different type of growth there. Australia didn't have the housing flip pyramid scheme the US went through. In many cities there are still housing shortages. Australians are also not spread out like people are here so growth in and around the cities has been strong. People are bidding for rents there like they do in Manhattan. We're not talking so min island either. Melbourne and Sydney are quite metro areas. Population wise alone they would be the 10th and 14th largest equivalent of the US.

Yes, it's a bubble

Tuesday 27 January 2009 00:00

Australian house prices remain highly overvalued by international standards and are almost certain to fall sharply as our housing bubble bursts, a new survey of international housing affordability has found.

...

Prices over four times median income are seen as seriously unaffordable, while prices over five times median income are seen as severely unaffordable.

...

Queensland’s Sunshine Coast market was deemed to be the most unaffordable market ... with house prices running at 9.6 times median income. The Gold Coast market was third on the list at 8.7 times median income, while Sydney was ranked fifth at 8.3 times median income and the Queensland market of Bundaberg ranked 10th at 7.2 times median income.

Other Australian capital cities to feature on the list include Adelaide (7.1 times), Melbourne (7.1), Perth (6.4), Brisbane (6.3), Hobart (6.2), Darwin (5.9) and Canberra (5.1).

...

“It seems likely that, sooner or later, the inherent instability and unsustainability that characterizes bubbles will lead to house price declines in Australia.”

“However, were it possible for Australia to retain its highly over-valued house prices, there would still be a significant cost. Future generations would pay far more for housing than in the past, and Australia’s relative standard of living would decline.”