Pity the British's youth
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Originally posted by Atobe:
Yes, I can handle statistic, please show us statistic or article supporting your claim that people who take up subprime mortgage loan are the less educated, and under privileged. This is probably the 3rd or 4th time I am asking you.
No more premature ejaculation of joy ? Are you serious ?
Did you not read what has been so clearly printed in my post on 25 August 2007 at 12.29 PM on Page 9 of this thread ?
They were taken and organise from your own referenced site - are you disputing the facts stated ?
Everyone is talking about the [b]''sub-prime issue being related to mortgage bust due to the easy credit that is dispensed by the US Banks without any credit checks, and with these banks not properly regulated by the US Bank Regulators'' - only the stupendously brilliant Gazelle will believe that the sub-prime issue is due to ''Americans living beyond their means'' ?
Can you handle statistics ?
Are you disputing the understanding of you own referenced site ?
Try not to open a new line of argument by asking for statistics, as we all know your intelligence in handling numbers.
When a Gazelle try to impress without substance, no one can appreciate your stupendous effort.
Stop being a dickhead, then maybe we can stand on equal heights.
Gazelle without horns not appreciated
[/b]
haha...looks like Atobe is going to be ban in this forum soon for showing picture of a PENIS!!! This forum is becoming worst than BAR now..hahaha -
Atobe, are you talking about yourself or what?Originally posted by Atobe:
What happened to any statistics to base your statements on, or is this another one of you wild charge inspired by some voodoo flights of fantasies ?
http://www.news.com.au/heraldsun/story/0,21985,22302108-664,00.html
http://blogs.theage.com.au/yoursay/archives/2007/07/housing_crisis.html
http://innovationfeeder.wordpress.com/2007/08/21/australias-housing-affordability-crisis/
http://www.news.com.au/sundaytelegraph/story/0,,22289564-5001021,00.html -
[quote]Originally posted by EarlNeo: 22 August 2007 10.16 PM Page 4Originally posted by Gazelle:
Yes, I can handle statistic, please show us statistic or article supporting your claim that people who take up subprime mortgage loan are the less educated, and under privileged. This is probably the 3rd or 4th time I am asking you.
haha...looks like Atobe is going to be ban in this forum soon for showing picture of a PENIS!!! This forum is becoming worst than BAR now..hahaha
[/quote]
Having another round of unwarranted premature celebratory ejaculation ?
Is it not your own hyper sexual fetish that get you to have hallucination in seeing a PENIS and pric.ks in every direction that you look ?
Try removing the horns from a Gazelle and see if the head does not resemble your imaginary dickhead.
You see what you want to see....
Can you handle what you want to see besides statitistic, which you have shown clearly that you are as good as a mental spastic ?
The statistics are even printed in the 3 referenced articles given by yourself, but you could not even move beyond the sensational headlines that were featured, and you simply concluded what you see with your own prejudiced and preferred line of thought.
Surely you can read the simple prints in English that I was talking about you ?
It is simple to pour references pluck from thin air, how much do you understand about the finer details after the headlines ?
Did you not read what I had posted in my piece in Page 9 on 25 August 2007 at 12.29 PM ?
Are you born lazy that you will refuse to exercise your brains to figure out who are the top 20% of the income earners and who are the bottom 80% of the US society committed to all the borrowings that were made easily by the US Commercial Banks ?
You have only asked 4x and you expect any answers to your silly challenge ?
You did challenge EarlNeo on 22 August 2007 at 05.18 PM on Page 4 of this thread, and is it not your usual style to sneekily slink away into another direction aoviding to give yourself the burden to prove your gung-ho and baseles critique of someone else's postings ?Originally posted by Gazelle: 22 August 2007 05.18 PM Page 4
[Quote]Originally posted by EarlNeo: 22 August 2007 04.25 PM
Sorry got the number wrong... should be 90k.
A CPF member is required to keep $90,000 in the CPF to be withdrawn in monthly installments. So if we are force to buy a 90K annuity which will giving us a monthly withdrawal of $500 for life, instead of $711 a month from age 62 to 82. But if you will to die anytime during that retirement period, the remaining fund goes back to the system instead of the family. It is like a no say betting... see who live longer bet.
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Are you sure you know what you are talking about?? please do and read the details before speculating?
well... i might be wrong.... if in this case i am wrong, then pls enlighten me. Thanks in advance.Are you serious in making your challenges and critical remarks at other's work ?
You did return on 23 August 2007 at 12.05 PM responding to EarlNeo's new post at 11.51 AM but avoided EarlNeo's earlier challenge to you that went unanswered from Page 4 up till this Page 10 of this Thread.
Are you serious in playing poker, or simply being a persistent dickhead to give others more work, when you refuse to do any work yourself ?
Have you topped up your credibility account before you play poker with me, or are you intending to cry later that I am playing another kind of poker with threats to scare you from the table ? -
Having another round of unwarranted premature celebratory ejaculation ?Originally posted by Gazelle:
[Quote]Original post by Atobe:
What happened to any statistics to base your statements on, or is this another one of you wild charge inspired by some voodoo flights of fantasies ?-----------------------------------------------------------------------------------------------------------
Atobe, are you talking about yourself or what?
http://www.news.com.au/heraldsun/story/0,21985,22302108-664,00.html
http://blogs.theage.com.au/yoursay/archives/2007/07/housing_crisis.html
http://innovationfeeder.wordpress.com/2007/08/21/australias-housing-affordability-crisis/
http://www.news.com.au/sundaytelegraph/story/0,,22289564-5001021,00.html
Surely you can read the simple prints in English that I was talking about you ?
It is simple to pour references pluck from thin air, how much do you understand in the finer details beyong the headlines of your reference pieces ?
Your 1st piece ''Land controls at heart of housing crisis'' speaks as much for Singapore as it is for Australia - compare what is written and apply it to the Singapore situation -''In the US, cities such as Houston, Dallas and Atlanta have few restrictions on land for new house building.
As a result, these and other southern cities have seen lower house prices and considerable growth in house sales and increased wealth generally.
By contrast, US states with heavily regulated land supply have seen higher house prices and less housing.
Nevada, Arizona, California and Virginia saw decreases in home building rates of over 20 per cent last year.
Like the highly regulated land supply laws in many US states, all Australian states have severe housing land restrictions.
The worst performers have been in NSW and Western Australia, which have the strictest controls over land for new housing, the slowest new building levels, and the highest house prices.
Although Victoria is less regulated and has cheaper new housing than other states, its land use restrictions continue to place burdens on the new home buyer and suppress the state's economy.
The Victorian Government's land restraint policies are embedded in the government's creation of a land shortage through 2030 controls over the urban growth boundary.''
Is Singapore's current high prices of real estate not due to the government purposeful land pricing policies - to artificially create high value assets for Singaporeans that absorb all of our CPF savings ?
Now that Singapore has climbed the ladder of high real estate values, there is no climbing down, as there are many mortgages tied to the ridiculously high costs of housing as well as buildings located in prime zones.
Your 2nd referenced article is an extract from a newspaper forum and titled - Housing Crisis - which is almost a near ghost mirror to the Singapore situation, in that the Aussie was complaining about the housing affordability in Australia and the Australian government subsidy to 1st time home owners.
Are you denying that Singaporeans entering the job market will not be facing the same problems with the high prices of HDB flats - especially now that many Singaporeans are employed on short term contracts - [of between 1 to 3 years] - and to be renewable at the end of each term ?
Some Singaporeans having owned the 1st HDB homes are also faced with similar problem as the Aussie in not being entitled to any further Government grant, which at one time had amounted to as much as S$38,000; and prices of HDB units continue to increase with each batch being released, while the unit size is shrinking in usable and liveable floor area.
The 3rd reference article featured the headline - ''Australia Housing Affordability Crisis'' - which highlighted the paradox faced by the government in releasing more land for housing development that increase the urban area, which increases infrastructural costing WITHOUT addressing the affordability problem in meeting mortgages commitment.''While increasing the amount of available land may reduce housing demand, itÂ’s also a one-way ticket to urban sprawl. This means metro regions rapidly grow, which can often result in a delay in establishing community infrastructure like public transport, schools and healthcare facilities''
''..... critical ongoing financial support is urgently needed to cover a range of different circumstances—from supporting low income earners to pay their rent, to aiding first home-buyers to pay off their mortgages.''
''The key to finding a solution to the housing crisis is cooperation. Federal, state and territory governments need to work together to support young people, ordinary Australians and those living on the poverty line.''
While Singapore had a headstart in public housing and forward planning, Singaporeans are stuck in a whirlpool of spiralling costs that are purposefully and artificially imposed so as not to bust the financial system due to high mortgage values that are simply unsustainable.
Your 4th referenced piece - ''Aussie John's cure for crisis'' - is more of the same, and repeat the above which concerns more about Housing Affordability.
In these 4 referenced articles concerning Australia - is there any close to the other topic in which you claim that the Americans - [your white pric.ks... as if other colored types do not exist..] - are spending more than they can afford and is the main cause of the Sub-prime saga ?
Another brilliant Gazelle charge into a pile of self-created BS - something your frequently accused others of posting ? -
Running a society is a complicated job.A policy will
affect another unintentionally.
The outcome of lowering price of alcohol is ''fueling a rise in drink-related crime and rowdy behavior.''
...Around one-third of 11- to 15-year-olds today say they drink at least once a week, and overall consumption rates have doubled to about 11.4 units per week . When it comes to binge drinking (sometimes defined as having five or more drinks in one sitting), Britain is third only to Ireland and Finland in Euro..
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Statistics show that 1 in 6 British schoolchildren who had committed a crime did so under the influence of alcohol. In June, a survey by the Trading Standards Institute found that a third of teenagers binge drink. Over half of all regular binge drinkers said they had been violent when drinking...
In Britain, ever-cheaper alcohol is prompting legal actionby By Mark Rice-Oxley | Correspondent of The Christian Science Monitor
from the August 24, 2007 edition.
2.Who knows the killer of a boy killed recently by gun was affected by
alcohol.Some one will pay for the price of wrong policy. -
At least they don't have SOBER politicians who initiate their SELF SERVING policies, at the expense of increasing the cost of living for the whole of the population and pushing everybody into the MRT tracks.
I don't know which is worse, shooting someone under the influence of alcohol or shooting someone when they are sober. -
UK housing market is 'overvalued'
Monday, 30 July 2007
UK house prices are at least 20% overvalued compared with their long term average, according to credit rating agency Fitch.
Fitch, which judges how risky debt is, looked at how house prices have raced away from incomes over the past decade.
High levels of debt make the UK economy one of the most vulnerable in the world to higher interest rates, it added.
Out of 16 countries examined, the UK economy was the third most sensitive to higher interest rates, Fitch said.
'Adverse shocks'
Fitch looked at a combination of economic indicators to see where house prices were overvalued and which economies were at risk if interest rates rose.
In addition, the group looked at what type of mortgage dominated the market.
Countries where variable rate mortgages are in vogue, such as the UK, would feel a greater impact from higher interest rates, Fitch said.
New Zealand and Denmark, which have both seen house price booms and increasing levels of personal debt, were the two most vulnerable to higher rates, followed by the UK.
At the other end of the scale, consumers in Italy, Germany and Japan were the least likely to suffer if interest rates rose and debt became harder to manage.
This is because consumers in these countries have not seen house prices or debt race away from incomes to the same extent as the UK. Mortgage lending is holding up well in the face of higher interest rates and mortgage approvals are still robust
George Buckley, Deutsche Bank
Borrowing up
Meanwhile, the Bank of England (BoE) said on Monday that UK mortgage lending had picked up sharply in June, indicating continued housing market growth.
Total mortgage lending rose by £9.6bn in June, up from £8.7bn in May.
The number of mortgages approved was the same in June as in May, with 114,000 new home loans given the go ahead.
The lending figures were stronger then most analysts expected.
"Mortgage lending is holding up well in the face of higher interest rates and mortgage approvals are still robust," George Buckley an analyst at Deutsche Bank said.
"We expect some weakening in these numbers towards the end of the year, but for now the market seems to be holding up well," he added. -
I believe anyone who's graduated is also an adult. Hence I am mystified by your interpretation of the term "adult population". Whether they choose to take the student loan is entirely up to them. Whether they can repay their loan whilst saving is their own judgment & spending habits. There is only so much a government can do. It is a balancing act between providing sufficient funds for British universities & providing students the opportunity of higher education. The statistics about London's debt reflects mostly on the cost of living in the city. Those studying at London universities are given higher student loans which have interest of close to nothing. Alternatively, students could forgo the student loan & rely on their families for funds. The burden on graduates with debts places emphasis on themselves rather than the Old Man's Scholarship. It is fair in my opinion.Originally posted by Daddy!!:The artice says "adult population" so the graduates did not manage to pay off their debts. Instead they carry on owing if they stay in London. "That temporary ride into debt is definitely worthwhile" is true only if they can work and save at the same time. The location where they can work and save at the same time is some other places outside London, such as Singapore? Feel free to correct me.
LONDON (Reuters) - More than eight million British adults are in serious debt, an increase of 30 percent in the past year, largely due to rising interest rates, according to research published on Thursday.
Some 8.2 million people, equivalent to 18 percent of the adult population, have 10,000 pounds or more of unsecured debt -- such as credit cards, overdrafts, loans and store cards -- according to a quarterly survey by debt consultancy Thomas Charles.
The number of people struggling to meet debt repayments has also increased.
A quarter of those with serious debts --10,000 pounds or more -- concede they frequently have problems meeting repayments, up 9 percent on the year.
The poll of 2,115 British adults, conducted by YouGov, also shows that people in London are the most likely to be struggling with debt.
Around 40 percent of those living in the capital with debts of 10,000 pounds ore more say they have regular problems repaying their dues.
This compares with 20 percent in the rest of the south and just 18 percent in the Midlands and Wales. -
UK has one of costliest public sectors
ROME (Reuters) - The cost of running France's public administration is the highest in Europe, followed by Britain and Italy, a study by an Italian business group said on Saturday.
French citizens shelled out an average of 5,026 euros (3,395 pounds) per head each a year to keep the public infrastructure going, while Britons paid 4,544 euros and Italians 4,423 euros, the study compiled using 2005 Eurostat data said.
Spain had the cheapest public administration system that cost its citizens only 2,868 euros each.
The estimates factored in the money spent on state employees and costs to manage and run public services.
The study was published by CGIA, an association of craftsmen and small businesses in the northern town of Mestre that was set up after World War II and which among other things tracks public spending.
Many Italians believe their civil servants are costly and inefficient, enjoying expensive perks such as official cars and other benefits.
A recent-best selling book depicted Italy as a nation that pays its European members of parliament more than any other country and where the presidency costs four times as much as the royal family.