woberto Report This Comment Date: January 23, 2024 10:57PM
woberto Report This Comment Date: January 23, 2024 11:24PM
pulse Report This Comment Date: January 24, 2024 12:34AM
I'm sitting in a coffee shop, no doubt rocking my man bun (customer not barista
though, is that allowed or would I be culturally appropriating barista attire?)
And ordered a coffee and a plain croissant. And I might have misheard her, but
I'm sure that just cost me $17.
Anon Report This Comment Date: January 24, 2024 08:11AM
It may have. Where I am, the cafes in the CBD are doing it very hard - open
only five days a week and not late with higher prices or small portions. With
the virus people sold out of Sydney for prices they couldn't believe, bought
here for prices the vendors couldn't believe (+20%ish), invested the rest at
dividends, don't want to work (a lot of people here have two jobs and there's
still vacancies), watch the dividends pile up in the bank and wait for another
stockmarket slump, when they'll invest. It's not secret. But they're not
spending at the cafes or gyms at anything near the rate the former residents
did.
If the government really cared about inflation they would scrap the treaty
allowing yanks to invest bypassing the FIRB, scrap the Double Taxation Bill
(that allows foreign investors to be tax free), watch the money flood out of
Australia, lowering inflation, whilst the vast sums in our banks financed this
by flooding into our stockmarket. It's not hard and would be the most popular
thing this lot did.
woberto Report This Comment Date: January 24, 2024 09:52PM
Yeah nah, not reading any of that but let me say thus.
RENT MUTTAFUKKA.
You are eating RENT.
Anon Report This Comment Date: January 25, 2024 07:26AM
No Woberto, the CBD cafe's are down to two or three staff and have lot's of
spare time. Another cafe has six staff who are non-stop. They are between an
old middle class region and the medicals in one direction, and on the road to
the industrial area on the other, plus morning walkers. Location, location.
woberto Report This Comment Date: January 28, 2024 10:20PM
I assume when you say CBD you mean Sydney or Melbourne?
Rule of thumb $200 per square meter for ground floor retail.
That's monthly, so your average little cafe is paying up to $200k per year.
So they need to clear $800 per day just to make rent.
Plus council rates especially if they have "outdoor
dining"licenses.
That's a lot more than staff and "materials" so yeah, you are mostly
eating rent.
Anon Report This Comment Date: January 29, 2024 12:53AM
No woberto, the dying CBD where I am.
There are almost no residential rentals available, house prices have held or,
for larger houses, slightly risen, the banks are bulging with cash (it's no
secret) and no one's spending like the former residents who sold out to refugees
from Sydney fleeing the virus, lockdowns, forced jabs that had failed their
clinical trials (but carried profit), sadistic politicians (a known infected
cruise ship was allowed to disembark its passengers in Sydney so the virus could
be used to confiscate all guns, NSW police were briefed on this and refused) and
Chief Health Officers who had medical qualifications, no medical career, but
long career in political activism. It was a total failure of the system.
There's a perfectly good smash repair shop that's closing or has just closed,
despite the number of kangaroo strikes, as the owner couldn't find a buyer. The
refugees are mostly retirees, academics and teachers (various sorts) former
hospital staff who wouldn't take the jab and were sacked, and office staff from
Sydney's CBD who know nothing about smash repairs.
I assume from your posts work is mucking you around with more bits of paper you
have to sign, or someone actually believes in what's on the paper?
woberto Report This Comment Date: January 29, 2024 01:01AM
Man the AI bots are getting good pulse, well done mate.
pulse Report This Comment Date: January 29, 2024 01:03AM
Quote
woberto
Man the AI bots are getting good pulse, well done mate.
It almost seems believable doesn't it?
pulse Report This Comment Date: January 29, 2024 01:05AM
The smash repairs business is worthless to people who don't know smash repairs.
If I was looking for a business to invest in, I certainly wouldn't buy something
like that.
My wife's uncle will be retiring soon. He's been trying to sell his business,
which is a good earner, for a couple of years. The problem is, HE is the
business. Yes he has a few staff etc but at the end of the day it's his very
particular skills which means there's any form of ongoing income. One of two
companies in Melbourne, if not eastern Australia, that does this kind of
stuff.
Without him, it's a lease on a small factory and some staff that follow
instructions. Ie; it's not a business that can be sold.
Smash repairs would be more or less the same. If you're the main guy there, you
can't sell the business to anyone other than another "main guy" who
knows how to do everything and guide some apprentices or basic engineering
staff. The little smash repairs shops are disappearing because most of the large
insurers do their own now, in massive factories on the outskirts of the city.
It's not profitable to compete unless you're doing boutique work. The small ones
are all disappearing everywhere; just like most other "small guy"
businesses. It's not the influx of teachers and foreigners into an area. ALL
businesses which require unique skills are dying.
Anon Report This Comment Date: January 29, 2024 05:00AM
This is well away from a city so he gets the insurance work. But otherwise
you're right - from well before the virus. Here, the specialist antique book
dealer, the electronics shop that could repair anything and had knowledgeable
staff, the ABC bookshop that could order in anything and the jeweller who could
repair anything.
Add the uniform and dress shop the catholic church knifed (waited until she
bought over $100k worth of material for the catholic school uniforms, then told
the parents they could only buy from the school shop), a computer shop closed by
doubling the rent every six months, then vandalising the home it was run out of,
for competing with one owned by a catholic, that closed anyway (a staffer would
tell you about her love of the "patron saint of throats" and that she
used to work at the abattoir... cutting animals throats), and the dry cleaners
who were evicted for the most petty reason - it was thriving. But if
catholicism seizes control of the businesses there's more tithes, to fund the
priest who drove 30km every Wednesday to visit a woman who kept giving birth,
and the monk who visited 'daddysearch' on the library computer. See! It's to
the glory of God... This place has gone downhill in ways not immediately
obvious. So it is for the country - and here comes a war.
On that note, I know the vast sums in Australia's bank accounts are the subject
of geopolitical considerations, as they can fund a British Commonwealth war
effort, and what various countries might do about it. Proof we are sleepwalking
into war is that we are doing nothing about it - reality conforms with fads
within your favoured political group, if it calls itself a party or a
religion.
There's no attempt at prohibiting future foreign investment and making buying
out foreign shareholders attractive for a company, thereby moving some of that
money (a third will make us a much smaller target, and if the yanks want to use
inflation to reduce vast numbers of their people to poverty, that's where it can
come from), giving government emergency control of production without threats to
security; no attempt at reinstating protective tariffs, so all supply lines are
within the borders, despite any naval officer able to show you pictures of
civilian container ships with a 40' container whose roof lifts up and there's
one or two missiles, and what looks like a stack of containers houses
anti-satellite missiles, again for what look like cruise ships, and all ships
can give false ID - it doesn't matter if there's 4-5 thousand people on board -
they will be sunk without warning. So will all super yachts, as both the yanks
and Russians offer their elites torpedoes and anti-shipping missiles. Yes, on
private yachts, that can also carry special forces. The same goes for what
looks like civilian aircraft. Nothing will be imported.
Anon Report This Comment Date: February 26, 2024 01:07AM
Yes, quantitive easing creates inflation. You can get rid of the extra money
in three ways:
1 pretend to solve the problem by slowing the movement of money, by raising the
interest rates on new mortgages;
2 punish everyone with a mortgage by raising interest rates, when not all of
them got the extra money (what happens in Australia, taxes on interest
repayments are used to cancel the money);
3 order the banks to increase their deposit lending ratios - holding back money
- squeezing businesses instead (less spending). It affects the largest
companies the most, and therefore the wealthiest who own shares in them. The
Australian Treasurer, Jim Chalmers, is currently trying to limit this
option;
4 do without foreign investment, buying them out removes money from your
economy, so it's the same effect.
Anon Report This Comment Date: March 16, 2024 10:34AM
Update, the smash repair shop just sold, so the staff keep their jobs, the town
keeps the business and what it does and the former owner looked happy today.
