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Post by Deleted on Apr 11, 2022 8:26:23 GMT 8
The 21st would be the last possible date. Would look desperate
I'm going with the 14th
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Post by prince on Apr 11, 2022 10:06:43 GMT 8
Day one...already over it day one to Scomo....
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Post by IronJimbo on Apr 11, 2022 10:11:05 GMT 8
Day one...already over it day one to Scomo.... Scomo can't possibly win. I mean there are just so many memes about him on twitter...
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Post by Peter on Apr 11, 2022 10:17:26 GMT 8
Day one...already over it I’m avoiding news for 6 weeks.
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Post by IronJimbo on Apr 11, 2022 10:39:08 GMT 8
Newspoll 2PP gap has closed from 10 points to 6 in two weeks
#justsayin
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Post by DropBear on Apr 11, 2022 10:43:47 GMT 8
Day one...already over it day one to Scomo.... If you're referring to Albos "trainwreck" (media description not mine) of a presser this morning then I'd suggest that what you saw was a deliberate act by an entitled media hack to embarrass a politician by asking meaningless and somewhat pointless questions. I'm going to assume that the media hack concerned asked the questions because of their misguided mantra "people need to know" because I simply can't imagine any other reason for asking them. Realistically, who cares what the cash rate is? I doubt that 99% of the population even care what the cash rate is or how it impacts them. They care about the costs of living...their actual mortgage rate, the cost of groceries, petrol, electricity, rent, childcare. They care that that there is a roof over their heads, food on the table, roads are maintained, and that their kids are safe. Probably care more about the cost of the Election Day sausage sanga than the current cash rate. The fact that Albo (or Scomo) can't parrot off the top of their head what it the cash rate is or what the unemployment figures are (and I'll bet that some of the media contingent there couldn't do it either) is neither a positive or a negative. Personally I would hope that they had more important things on their mind than useless numbers..
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Post by IronJimbo on Apr 11, 2022 11:46:28 GMT 8
If you're referring to Albos "trainwreck" (media description not mine) of a presser this morning then I'd suggest that what you saw was a deliberate act by an entitled media hack to embarrass a politician by asking meaningless and somewhat pointless questions. Like when Liberals get interviewed on the ABC? The reason the cash rate matters is that its probably the biggest determinant of where actual mortgage rates are going to end up. Which as you correctly point out, is a pretty significant factor in any discussion about the cost of living
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Post by prince on Apr 11, 2022 12:14:57 GMT 8
If you're referring to Albos "trainwreck" (media description not mine) of a presser this morning then I'd suggest that what you saw was a deliberate act by an entitled media hack to embarrass a politician by asking meaningless and somewhat pointless questions. I'm going to assume that the media hack concerned asked the questions because of their misguided mantra "people need to know" because I simply can't imagine any other reason for asking them. Realistically, who cares what the cash rate is? I doubt that 99% of the population even care what the cash rate is or how it impacts them. They care about the costs of living...their actual mortgage rate, the cost of groceries, petrol, electricity, rent, childcare. They care that that there is a roof over their heads, food on the table, roads are maintained, and that their kids are safe. Probably care more about the cost of the Election Day sausage sanga than the current cash rate. The fact that Albo (or Scomo) can't parrot off the top of their head what it the cash rate is or what the unemployment figures are (and I'll bet that some of the media contingent there couldn't do it either) is neither a positive or a negative. Personally I would hope that they had more important things on their mind than useless numbers. Scomo had no problem nailing it.... just saying.
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Post by DropBear on Apr 11, 2022 13:06:41 GMT 8
If you're referring to Albos "trainwreck" (media description not mine) of a presser this morning then I'd suggest that what you saw was a deliberate act by an entitled media hack to embarrass a politician by asking meaningless and somewhat pointless questions. I'm going to assume that the media hack concerned asked the questions because of their misguided mantra "people need to know" because I simply can't imagine any other reason for asking them. Realistically, who cares what the cash rate is? I doubt that 99% of the population even care what the cash rate is or how it impacts them. They care about the costs of living...their actual mortgage rate, the cost of groceries, petrol, electricity, rent, childcare. They care that that there is a roof over their heads, food on the table, roads are maintained, and that their kids are safe. Probably care more about the cost of the Election Day sausage sanga than the current cash rate. The fact that Albo (or Scomo) can't parrot off the top of their head what it the cash rate is or what the unemployment figures are (and I'll bet that some of the media contingent there couldn't do it either) is neither a positive or a negative. Personally I would hope that they had more important things on their mind than useless numbers. Scomo had no problem nailing it.... just saying. If by nailing you mean ... fleeing (media description not mine) from a bunch of people wearing Hawaiian shirts and carrying signs saying "can't hold a hose" then yep, he nailed it.
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Post by prince on Apr 11, 2022 13:36:07 GMT 8
Scomo had no problem nailing it.... just saying. If by nailing you mean ... fleeing (media description not mine) from a bunch of people wearing Hawaiian shirts and carrying signs saying "can't hold a hose" then yep, he nailed it. later in the day, Morrison was asked the same question: "Well 0.1 per cent is the cash rate, has been for some time," Mr Morrison said. "The unemployment rate, I'm happy to say is four per cent, falling to a 50-year low." Just saying, Albo has not been head of a campaign before, so he would want to sharpen up.
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Post by Deleted on Apr 11, 2022 13:44:37 GMT 8
If you're referring to Albos "trainwreck" (media description not mine) of a presser this morning then I'd suggest that what you saw was a deliberate act by an entitled media hack to embarrass a politician by asking meaningless and somewhat pointless questions. Like when Liberals get interviewed on the ABC? The reason the cash rate matters is that its probably the biggest determinant of where actual mortgage rates are going to end up. Which as you correctly point out, is a pretty significant factor in any discussion about the cost of living Is the setting influencing the target for the cash rate a thing the PM does?
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Post by IronJimbo on Apr 11, 2022 13:46:01 GMT 8
Scomo had no problem nailing it.... just saying. If by nailing you mean ... fleeing (media description not mine) from a bunch of people wearing Hawaiian shirts and carrying signs saying "can't hold a hose" then yep, he nailed it. Most likely a deliberate act by a bunch of entitled Labor hacks to embarrass a politician by asking meaningless and somewhat pointless questions
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Post by IronJimbo on Apr 11, 2022 14:02:01 GMT 8
Like when Liberals get interviewed on the ABC? The reason the cash rate matters is that its probably the biggest determinant of where actual mortgage rates are going to end up. Which as you correctly point out, is a pretty significant factor in any discussion about the cost of living Is the setting influencing the target for the cash rate a thing the PM does? The RBA sets the cash rate based on a few factors, but government economic policy (both macro and micro) is quite important
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Post by flanman on Apr 11, 2022 14:38:10 GMT 8
Just a reminder that the cash rate is a cash rate (i.e. overnight cash rate) and not what mortgages are based on.
FM
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Post by DropBear on Apr 11, 2022 15:11:50 GMT 8
If by nailing you mean ... fleeing (media description not mine) from a bunch of people wearing Hawaiian shirts and carrying signs saying "can't hold a hose" then yep, he nailed it. Most likely a deliberate act by a bunch of entitled Labor hacks to embarrass a politician by asking meaningless and somewhat pointless questions Maybe they should have asked him how much a loaf of bread or litre of milk costs. He didn't know that a couple of month ago. Going to be hard for him to keep the cost of living down if he doesn't know how much it costs to live.
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Post by IronJimbo on Apr 11, 2022 15:14:46 GMT 8
Most likely a deliberate act by a bunch of entitled Labor hacks to embarrass a politician by asking meaningless and somewhat pointless questions Maybe they should have asked him how much a loaf of bread or litre of milk costs. He didn't know that a couple of month ago. Going to be hard for him to keep the cost of living down if he doesn't know how much it costs to live. We spend a hell of a lot more on loan interest each month than we do on milk and bread But yeah, same thing
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Post by prince on Apr 11, 2022 15:29:34 GMT 8
Most likely a deliberate act by a bunch of entitled Labor hacks to embarrass a politician by asking meaningless and somewhat pointless questions Maybe they should have asked him how much a loaf of bread or litre of milk costs. He didn't know that a couple of month ago. Going to be hard for him to keep the cost of living down if he doesn't know how much it costs to live. and for Albo, its going to be hard to keep the unemployment rate down if.... who knows, maybe the media will hardly pick up on it.
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Post by Peter on Apr 11, 2022 15:37:40 GMT 8
Newspoll 2PP gap has closed from 10 points to 6 in two weeks #justsayin The poll companies have screwed their predictions over every election in 15 years with the exception of the south Australian one just recently. so they either got lucky once or have worked it out. they can’t be believed in my opinion
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Post by DropBear on Apr 11, 2022 15:45:13 GMT 8
Maybe they should have asked him how much a loaf of bread or litre of milk costs. He didn't know that a couple of month ago. Going to be hard for him to keep the cost of living down if he doesn't know how much it costs to live. We spend a hell of a lot more on loan interest each month than we do on milk and bread But yeah, same thing I'm pretty sure from memory that when determining mortgage applicants repayment ability, most lending institution have a maximum limit of 28% of the net income can be allocated to mortgage repayments. Anything more than that and the application will be rejected So based on that I'd suspect the majority of the 37% of Australian households with a mortgage would spend more on their cost of living expenses than they do on their mortgage repayments.
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Post by IronJimbo on Apr 11, 2022 16:53:04 GMT 8
We spend a hell of a lot more on loan interest each month than we do on milk and bread But yeah, same thing I'm pretty sure from memory that when determining mortgage applicants repayment ability, most lending institution have a maximum limit of 28% of the net income can be allocated to mortgage repayments. Anything more than that and the application will be rejected So based on that I'd suspect the majority of the 37% of Australian households with a mortgage would spend more on their cost of living expenses than they do on their mortgage repayments. And what percentage of net income do you think the average household spends on bread and milk? Or are you suggesting that mortgage payments shouldn't be considered a cost of living?
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Post by IronJimbo on Apr 11, 2022 16:56:55 GMT 8
Newspoll 2PP gap has closed from 10 points to 6 in two weeks #justsayin The poll companies have screwed their predictions over every election in 15 years with the exception of the south Australian one just recently. so they either got lucky once or have worked it out. they can’t be believed in my opinion Given his previously declared penchant for 'fighting tories' I don't think Albo should disregard the shy tory effect either
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Post by Peter on Apr 11, 2022 17:19:42 GMT 8
Not my summary. Just saw.
Day one:
Albo ~ - Never ran from questions - Forgot a number - Owned it like a boss - Refreshingly honest - More appealing than ever
Morrison ~ - Lied several times - Ran from questions - Promoted another alleged abuser - Billed us $500K for alleged abuser's abuse
And.
News Corp reporter Samantha Maiden has been left red faced after slamming Anthony Albanese over today's gotcha, saying “he should know it”, claiming it's 0.1% — the correct answer is 0.06%. Maiden (along with the PM) mistakenly quoted the wrong figure.
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Post by prince on Apr 11, 2022 17:33:44 GMT 8
Not my summary. Just saw. Day one: Albo ~ - Never ran from questions - Forgot a number - Owned it like a boss - Refreshingly honest - More appealing than ever Morrison ~ - Lied several times - Ran from questions - Promoted another alleged abuser - Billed us $500K for alleged abuser's abuse And. News Corp reporter Samantha Maiden has been left red faced after slamming Anthony Albanese over today's gotcha, saying “he should know it”, claiming it's 0.1% — the correct answer is 0.06%. Maiden (along with the PM) mistakenly quoted the wrong figure. cmon, it was a train wreck, and it was two of the most important numbers he should have known. He shouldn't have even done a second news conference to say he 'owned' it. It would have all been forgotten lol, then various people in his team kept defending him. He sounded like Joe Biden
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Post by DropBear on Apr 11, 2022 17:52:03 GMT 8
I'm pretty sure from memory that when determining mortgage applicants repayment ability, most lending institution have a maximum limit of 28% of the net income can be allocated to mortgage repayments. Anything more than that and the application will be rejected So based on that I'd suspect the majority of the 37% of Australian households with a mortgage would spend more on their cost of living expenses than they do on their mortgage repayments. And what percentage of net income do you think the average household spends on bread and milk? Or are you suggesting that mortgage payments shouldn't be considered a cost of living? Whether a mortgage repayment to be considered "cost of living" is (in my opinion) entirely dependent on the purpose of the mortgage. If its for the owner occupier family house then yes its should be considered an essential cost of living. If its for the purposes of investment (e.g. Investment property or for buying shares) then No it shouldn't. The difference is that the first is a necessity for living and the 2nd is a tool for making money, reducing tax or both (but isn't necessary) I mentioned a bit earlier that around 37% of Australian households had a mortgage. Of those around 1/3 of those mortgages are for investment properties. So based on some rough numbers we're talking about 1/4 of Australian households with a mortgage that will be (or at least should be) spending a lot of time over the coming 2 years watching the mortgage interest rates and double checking their calculations. I say mortgage interest rates because fixed rates have been rising recently independently of the cash rate and it wouldn't surprise me if the variable rates don't start rising soon too. For the record, if I was on an interest only loan (which around 25% of owner occupiers and 65% of investors are), my bread and milk bill for the month would exceed my mortgage repayments.
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Post by IronJimbo on Apr 11, 2022 18:10:03 GMT 8
And what percentage of net income do you think the average household spends on bread and milk? Or are you suggesting that mortgage payments shouldn't be considered a cost of living? Whether a mortgage repayment to be considered "cost of living" is (in my opinion) entirely dependent on the purpose of the mortgage. If its for the owner occupier family house then yes its should be considered an essential cost of living.
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Post by IronJimbo on Apr 12, 2022 8:53:09 GMT 8
Coalition in to $2.70 with Sportsbet, from $3.05 yesterday
#justsayin
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Post by kenkong on Apr 12, 2022 13:45:41 GMT 8
Coalition in to $2.70 with Sportsbet, from $3.05 yesterday #justsayin People may like Albo and hate Scomo... But they Love their hip pocket and a strong economy and record unemployment along with a raft of financial sweeteners will see the Libs stay in I reckon. I was talking to a one eyed Labor mate and his exacts words were 'I hate Scomo but financially I'm better off with him, I don't know what to do'...
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Post by Deleted on Apr 12, 2022 14:18:50 GMT 8
Coalition in to $2.70 with Sportsbet, from $3.05 yesterday #justsayin People may like Albo and hate Scomo... But they Love their hip pocket and a strong economy and record unemployment along with a raft of financial sweeteners will see the Libs stay in I reckon. I was talking to a one eyed Labor mate and his exacts words were 'I hate Scomo but financially I'm better off with him, I don't know what to do'... I hate Scomo but financially I'm better off with him, I don't know what to do'. Better off with him than? He doesn't know as he has nothing to compare him with Albo has not been PM so he can't compare with that, so what is his point, I'm financially of so I will stick with that.
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Post by kenkong on Apr 12, 2022 17:22:11 GMT 8
People may like Albo and hate Scomo... But they Love their hip pocket and a strong economy and record unemployment along with a raft of financial sweeteners will see the Libs stay in I reckon. I was talking to a one eyed Labor mate and his exacts words were 'I hate Scomo but financially I'm better off with him, I don't know what to do'... I hate Scomo but financially I'm better off with him, I don't know what to do'. Better off with him than? He doesn't know as he has nothing to compare him with Albo has not been PM so he can't compare with that, so what is his point, I'm financially of so I will stick with that. I'm guessing he is better off with whatever tax breaks or other financial incentives Scomo has promised compared to Labor...? Either way everyone has a job that wants one so the Libs haven't done a terrible job.
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Post by Deleted on Apr 12, 2022 17:30:09 GMT 8
I hate Scomo but financially I'm better off with him, I don't know what to do'. Better off with him than? He doesn't know as he has nothing to compare him with Albo has not been PM so he can't compare with that, so what is his point, I'm financially of so I will stick with that. I'm guessing he is better off with whatever tax breaks or other financial incentives Scomo has promised compared to Labor...? Either way everyone has a job that wants one so the Libs haven't done a terrible job. suppose if that is all that matters then we would never change government as anyone with a job has no need to to vote for the opposition and I don't think we have had unemployment at a rate where over 50 % of the eligible working folk were unemployed. Inflation real wage decay cost of living climate change record house prices but if you have a job just vote the current government back in, which would have us as a one party nation using that as the reasoning. It's not wrong it's just how people are.
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