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Forum » Why all Australian boomers are now multi-millionaires
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Thread: Why all Australian boomers are now multi-millionaires

post 1670132843 10-26-2022, 07:04 PM
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Why all Australian boomers are now multi-millionaires

In summary:
1)
-there was an economic crash in the 90’s (Asian financial crisis)
-in order to stimulate the economy, the Howard government paid people $14k to build a new house (that was a decent deposit in those days)
-many people who couldn’t afford a deposit (including me) suddenly went and bought land and built houses
-due to the economic recovery, those houses were worth twice their cost by the time they were built

2)
-at the same time the banking sector was deregulated. People were getting what were effectively ninja loans but house prices (and rents) were rising so rapidly it didn’t matter
-the concept of “equity” - using unrealised capital gains in one property to secure borrowing for another property - allowed people to acquire large numbers of cashflow-positive rental properties, again pushing up prices

3) all this occurred against the backdrop of massive tax concessions that allowed:
-zero tax paid on the capital gain realised on the sale of the family home
-a 50% discount on the tax paid on the capital gain on the sale of investments
-any losses on an investment property (including paper losses like depreciation) could be deducted from salary (so taxpayers effectively subsidised any “bad” investments)



So now everyone here in their early-mid 40s or above is a multimillionaire
post 1670132983 10-26-2022, 07:08 PM
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Nice! ...but you still live in Australia...
Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

You will never know your limits, unless you push yourself past the imaginary lines you have drawn in the sand.

Knee Dragger - '06 GSX-R750
post 1670133003 10-26-2022, 07:09 PM
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ok boomer

congrats on ur kangaroo currency
post 1670133093 10-26-2022, 07:11 PM
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Originally Posted By pondus_levo⏩
Nice! ...but you still live in Australia...
Exactly

So on top of all of that, world-class universal health care, no school shootings, no drag queen storytime, no forced vaccinations and the best beaches anywhere.

Filsgutmane
post 1670133103 10-26-2022, 07:11 PM
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lmao at not being an Australian boomer

Twas absolutely over before it even started for other demographics
See Shakebrah's sig
post 1670133123 10-26-2022, 07:12 PM
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But you can’t own a pump action shotgun and your society is a soulless vapid nu world chithole. Don’t worry though canadas catching up fast.
post 1670133223 10-26-2022, 07:16 PM
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Originally Posted By mycorona⏩
But you can’t own a pump action shotgun and your society is a soulless vapid nu world chithole. Don’t worry though canadas catching up fast.
The majority of our wildlife is too big and fast to be taken down with a shotgun, we therefore learn to shoot actual guns with range and stopping power
post 1670133673 10-26-2022, 07:26 PM
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Originally Posted By r32gojirra⏩
Exactly

So on top of all of that, world-class universal health care, no school shootings, no drag queen storytime, no forced vaccinations and the best beaches anywhere.

Filsgutmane
And 50% taxes, $.65 on the USD, and a controlling liberal government with no freedom of speech.

:/ Sorry, brah. I feel for you.
Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

You will never know your limits, unless you push yourself past the imaginary lines you have drawn in the sand.

Knee Dragger - '06 GSX-R750
post 1670133783 10-26-2022, 07:29 PM
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enjoy china's dik up your ass when they take your country. lmao
post 1670133813 10-26-2022, 07:30 PM
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Aus would be fun to visit, but I have a lot of friends from there and don't really get the feeling I'd like living there. Awesome people, but would rather see them in other places.
post 1670136323 10-26-2022, 08:33 PM
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Originally Posted By pondus_levo⏩
And 50% taxes,$.65 on the USD, and a controlling liberal government with no freedom of speech.

:/ Sorry, brah. I feel for you.
47% taxes onwage income- as noted in the OP property/capital is taxed concessionally

As for “freedom of speech” what does Alex jones have to say about that lmao


Spoiler!
nobody knows what Alex jones has to say about it because he can’t open his mouth without getting sued lmaoooolooooooll
post 1670136843 10-26-2022, 08:46 PM
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Originally Posted By r32gojirra⏩
47% taxes onwage income- as noted in the OP property/capital is taxed concessionally

As for “freedom of speech” what does Alex jones have to say about that lmao


Spoiler!
nobody knows what Alex jones has to say about it because he can’t open his mouth without getting sued lmaoooolooooooll
Being Australian, I'll give you a pass for not knowing what our 1a right actually means.

Telling lies and defaming a private citizen is not a right.
Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

You will never know your limits, unless you push yourself past the imaginary lines you have drawn in the sand.

Knee Dragger - '06 GSX-R750
post 1670137113 10-26-2022, 08:51 PM
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Originally Posted By pondus_levo⏩
Being Australian, I'll give you a pass for not knowing what our 1a right actually means.

Telling lies and defaming a private citizen is not a right.
libtard kangaroo brah is right though, they cucked Alex Jones hard. The burden of proof was on the team sueing him to prove that he knowingly made false statements with intent to harm which is nearly impossible he said it a false flag / hoax which is the same chit he has been saying for 20 years so how can they prove he didnt believe it was true? they cant prove what he was thinking. Then the damages awarded were absurd. Its basically stomping all over the first amendment and ignoring it.
post 1670137333 10-26-2022, 08:55 PM
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All Boomers? What a stupid article. Only around 65% of boomers own their own home here, and many of them that live in regional areas don't even have homes worth anywhere near a million dollars.
post 1670137553 10-26-2022, 08:58 PM
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It's because a 100k apartment in 1998 now costs close to a million.

Either way, having a million dollars here is 'nothing special'.

It's like those crypto people - good on em, but let's be honest, if you can't recreate and repeat your earnings, you just got lucky.

It's the equivalent of bragging about being a 6'3 200 lb ripped west african, with an 8 inch inch d*ck to a bunch of south east asian immigrants.

Unless you have some sort of business venture that regularly (and predictability) turns over millions of dollars, you should just be happy to have had some good luck in life.
"It's hard to be yourself in a world filled with haters" - WiseOldApe.

"Why be anything when you can be an influencer?" - WiseOldApe.

"It's not about what is said - it's about who it is said by" - WiseOldApe.
post 1670137623 10-26-2022, 09:00 PM
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Originally Posted By elterrible987⏩
libtard kangaroo brah is right though, they cucked Alex Jones hard. The burden of proof was on the team sueing him to prove that he knowingly made false statements with intent to harm which is nearly impossible he said it a false flag / hoax which is the same chit he has been saying for 20 years so how can they prove he didnt believe it was true? they cant prove what he was thinking. Then the damages awarded were absurd. Its basically stomping all over the first amendment and ignoring it.
True, but still has nothing to do with freedom of speech.
Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

You will never know your limits, unless you push yourself past the imaginary lines you have drawn in the sand.

Knee Dragger - '06 GSX-R750
post 1670137773 10-26-2022, 09:03 PM
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Originally Posted By WiseOldApe⏩
It's because a 100k apartment in 1998 now costs close to a million.

Either way, having a million dollars here is 'nothing special'.

It's like those crypto people - good on em, but let's be honest, if you can't recreate and repeat your earnings, you just got lucky.

It's the equivalent of bragging about being a 6'3 200 lb ripped west african, with an 8 inch inch d*ck to a bunch of south east asian immigrants.

Unless you have some sort of business venture that regularly (and predictability) turns over millions of dollars,you should just be happy to have had some good luck in life.
Correct - and where do you think I got the startup capital

BTW the turnover is irrelevant - it’s the after-tax profit that counts
post 1670137943 10-26-2022, 09:10 PM
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Originally Posted By r32gojirra⏩
Correct - and where do you think I got the startup capital

BTW the turnover is irrelevant - it’s the after-tax profit that counts
but who was quality posts?

lmao retard
post 1670138123 10-26-2022, 09:14 PM
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Originally Posted By r32gojirra⏩
Exactly

So on top of all of that, world-class universal health care, no school shootings, no drag queen storytime, no forced vaccinations and the best beaches anywhere.

Filsgutmane
No forced vaccinations...


Just forced to stay inside your house and not leave. lmao.
post 1670138213 10-26-2022, 09:16 PM
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Originally Posted By ooph⏩
No forced vaccinations...


Just forced to stay inside your house and not leave. lmao.
he's a fukin retard. he'd take a suppository from george floyds necrotic dik if his betters told him to. ded srs
post 1670138243 10-26-2022, 09:17 PM
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Has op ever posted proof t h at he's a multimillionaire?

Asking for a friend
post 1670138333 10-26-2022, 09:18 PM
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Originally Posted By MinisterOfLust⏩
Has op ever posted proof t h at he's a multimillionaire?

Asking for a friend
off topic. but are you black. ded srs
post 1670138423 10-26-2022, 09:21 PM
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Come to think of it I’ve never met an Australian millionaire srs

Do they not leave the island and travel or something? Or is there money no good
post 1670138483 10-26-2022, 09:22 PM
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Originally Posted By GooBaaa⏩
Come to think of it I’ve never met an Australian millionaire srs

Do they not leave the island and travel or something? Or is there money no good
millionaires dont hang out with riff raff such as yourself lmao
post 1670138523 10-26-2022, 09:23 PM
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Originally Posted By ooph⏩
No forced vaccinations...


Just forced to stay inside your house and not leave. lmao.
Seems outlandish

Almost as if overseas media exaggerated the whole thing to make US tyranny seem more palatable

Wait that can’t be

The media wouldn’t lie to you
post 1670138633 10-26-2022, 09:24 PM
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But you can’t own an ar-15, so what’s the point of even living
post 1670138643 10-26-2022, 09:25 PM
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Originally Posted By Commandersbrah⏩
millionaires dont hang out with riff raff such as yourself lmao
My house sits at the top of hill looking down on the plebs like you

Plus all my neighbors are millionaires and own factory’s, medical offices etc

Lmao @ you
post 1670138823 10-26-2022, 09:29 PM
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Originally Posted By GooBaaa⏩
My house sits at the top of hill looking down on the plebs like you

Plus all my neighbors are millionaires and own factory’s, medical offices etc

Lmao @ you
yes. im sure. lol
post 1670138893 10-26-2022, 09:31 PM
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Originally Posted By r32gojirra⏩
Seems outlandish

Almost as if overseas media exaggerated the whole thing to make US tyranny seem more palatable

Wait that can’t be

The media wouldn’t lie to you
imagine being such a retard you dont remeber 2 years ago. one of my friends from hs that lives in melbourne said the jew police would jam you up if you were more than 5km from your home. go fuk yourself fraud. srs your a fuking dumb dildo
post 1670138983 10-26-2022, 09:33 PM
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Originally Posted By Commandersbrah⏩
imagine being such a retard you dont remeber 2 years ago. one of my friends from hs that lives in melbourne said the jew police would jam you up if you were more than 5km from your home. go fuk yourself fraud. srs your a fuking dumb dildo
Melbourne hippies don’t count

They probably loved that chit

Everyone else just did whatever they want

Lol at responding to any police questions
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