Posted to The Age (4/12/2012) on 4/12/2012 at 4:39 PM
Commenting on "Auctions looking up as rates go down"
http://theage.domain.com.au/real-estate-news/auctions-looking-up-as-rates-go-down-20121204-2asok.html
The only way we can see a real recovery in the real estate industry is not a rate cut, but good news in the employment front.
Almost every week, we read or hear about either companies going down the gurgler or jobs being outsourced overseas. What so big deal with another $40 or $100 less in loan repayment when all the other utility bills or rates and charges keep going up, leaps-and-bounce by more than 25 percentage point each time. Such increases swallow up any positive cut by the RBA and thankfully from the bank.
Without job security, there is no certainty in one's future, let alone one with a family. Those at the ivory tower with 6-figure pay cheque cannot understand the pain and suffering of the "working families" or very soon the "non-working families". For goodness, it is time the pollies grow up and stop the idiotic squabbles in the Parliament, and come up with constructive policies and strategies to curb the decline of employment.
The Chinese are dealing with real stuff hands-on, with R&D knowledge and blue-prints handed to them free-of-charge from the so-called smart Western nations including Australia, while our university graduates know basically nothing more than just theories and designs on papers. Many Chinese factory workers are working on hi-tech machines while we still ponder when we will have the opportunity to see one.
Commenting on "Auctions looking up as rates go down"
http://theage.domain.com.au/real-estate-news/auctions-looking-up-as-rates-go-down-20121204-2asok.html
The only way we can see a real recovery in the real estate industry is not a rate cut, but good news in the employment front.
Almost every week, we read or hear about either companies going down the gurgler or jobs being outsourced overseas. What so big deal with another $40 or $100 less in loan repayment when all the other utility bills or rates and charges keep going up, leaps-and-bounce by more than 25 percentage point each time. Such increases swallow up any positive cut by the RBA and thankfully from the bank.
Without job security, there is no certainty in one's future, let alone one with a family. Those at the ivory tower with 6-figure pay cheque cannot understand the pain and suffering of the "working families" or very soon the "non-working families". For goodness, it is time the pollies grow up and stop the idiotic squabbles in the Parliament, and come up with constructive policies and strategies to curb the decline of employment.
The Chinese are dealing with real stuff hands-on, with R&D knowledge and blue-prints handed to them free-of-charge from the so-called smart Western nations including Australia, while our university graduates know basically nothing more than just theories and designs on papers. Many Chinese factory workers are working on hi-tech machines while we still ponder when we will have the opportunity to see one.
