Vic Wasteland Thread - 15.0

[Birds]

15 hours ago, TiTAN said:

Birds. According to the news if you wait a bit these suburbs are likely to have a lot of people at risk of defaulting on their home loans.

Derrimut, Point Cook, Werribee, Cranbourne, Craigieburn

Lots of new homes and new estates in these areas...guessing people who used first home benefits to get into the market and borrowing near their max.

House market is messed up but owning one isn't for everyone at any stage of their life.

[Leroy Peterson]

 

Sounds like there is Per User Shaping and quota...

If you're going through 500mb in 5 minutes, turn down the quality of the video until it all looks like japanese porn.

It happens on my phone and laptop, regardless of usage.

And why would I be able to download a 100mb file at full speed, but not able to load IMDb or Google at the same time?

YouTube defaults to 360p or lower because of poor buffering

 

[Birds]

47 minutes ago, Leroy Peterson said:

seems like its pretty solid at 0.045. An order there will probably sit there for a week or more until theres a dump for no reason.

still got a while to go. I'll sit and wait till after tax time. No more buying for me. Need to focus on my MMA gambling side gig. live betting online is quite lucrative.

No rush, results aren't due until late June anyway. It will probably ramp up prior to that though on expectations and people taking positions, so my entry is looking st around mid June or before if I can get my 4.3 order through. It's looking doubtful though; order expires next week. Definitely sunk from the 4.9 we saw pre-spud and I think it will hit 4.4 again in the meantime, maybe even 4.3 but 4.5 is yes probably a good floor we can agree on.

[alr33x]

33 minutes ago, Birds said:

Lots of new homes and new estates in these areas...guessing people who used first home benefits to get into the market and borrowing near their max.

House market is messed up but owning one isn't for everyone at any stage of their life.

not sure what source is stating point cook highly unlikely. 

[TiTAN]

Lots of new homes and new estates in these areas...guessing people who used first home benefits to get into the market and borrowing near their max.
House market is messed up but owning one isn't for everyone at any stage of their life.

The bigger issue is people thinking they can borrow to their absolute limit when credit is cheap. But ignore the fact they clearly can't afford it when rates go up.

[emts]

thus why I took about 70% of what bank was offering..

need me a buffer as rates will go up not going to go any lower, just when is the question

[Birds]

24 minutes ago, TiTAN said:

 

The bigger issue is people thinking they can borrow to their absolute limit when credit is cheap. But ignore the fact they clearly can't afford it when rates go up.

 

I don't know how this happens in Australia anyway. From what I've seen, using all the banks' and lenders' calculators on their websites, they seem only prepared to lend you at most an amount with a repayment rate of around 60% your after tax income - basically budgeting/assuming my expenses on my behalf, when the reality is, rent aside, I'm capable of saving easily 80% my monthly income. Some calculators did not reduce the total lend amount until I put in $1500+ of monthly expenses...

So unless you lose your job I don't know how people are defaulting unless degenerate alcoholism / gambling population who can't control their spending. Having kids could explain a good chunk of it, but shit...not everyone can afford those either.

[emts]

9 minutes ago, Birds said:

Having kids could explain a good chunk of it, but shit...not everyone can afford those either.

I think this is a big part of it.

you look at it now and your both kid free, earning good income no worries.

kid comes along, loose one income for a period plus extra bills, is that 80% still correct then? prob not.

 

And unfortunately for some these days it's a choice of house or kids.

 

[Leroy Peterson]

I'd be curious to know the % of disability welfare people and age groups vs somewhere like UK or Canada. There seem to be a lot of able bodied people around who seem to choose not to work... I know a lot of people can't work, but them seem to be a lot who can.
I guy I used to know had short term memory loss from a motorbiking accident, was on the pension and occasionally do labour cashies. His stories of his previous jobs just sounded like he was being a difficult ass hole who would argue with people, so was easier to not work...

[Birds]

What's with the massive ramp up today and volume? #88e

[Leroy Peterson]

16 minutes ago, Birds said:

What's with the massive ramp up today and volume? #88e

LSE. currently we follow them.

[UNR33L]

4 hours ago, Leroy Peterson said:

It happens on my phone and laptop, regardless of usage.

And why would I be able to download a 100mb file at full speed, but not able to load IMDb or Google at the same time?

YouTube defaults to 360p or lower because of poor buffering

 

As simon says *lel* user shaping & guest wifi policies 

[Birds]

31 minutes ago, Leroy Peterson said:

LSE. currently we follow them.

LSE finished down lastnight and we were even at the start of the day

19mil traded just about worthy of a speeding ticket, something is going on - serious movement, a pump and dump or leaks

[dezz]

London has nothing to do with it.. I sold my shares

[UNR33L]

still in red

[Leroy Peterson]

Oh I just checked what happened from 3pm onwards... It's almost like a few million sell orders were pulled and a lot of big buy orders came through...

[Birds]

Beat a ZX10 and an R1 to the speed limit...don't see how this is possible when my R1 used to eat everything up, even with a shitty launch. They were certainly trying though

[Down_Shift]

4 hours ago, emts said:

And unfortunately for some these days it's a choice of house or kids. Kids or racecar... or 88E

FYP.
Now I can relate more to myself.

[UNR33L]

9 minutes ago, Birds said:

Beat a ZX10 and an R1 to the speed limit...don't see how this is possible when my R1 used to eat everything up, even with a shitty launch. They were certainly trying though

1. They weren't trying

2. They're shit riders

One of the above, obviously as you know those bikes are capable of a 10sec flat (maybe even 9s)

[Birds]

I'm gonna go with shit riders

I'm usually focused on the road ahead for such events, but def heard that R1 revving. Odd in itself cause 1st gear tops out at 160+ 

3rd possibility...mocked up litre bikes or...good guy Gregs who try to give other people narrow victories? lol