Printable View
The media has not been reporting on the thousands of fixed-rate mortgages that were signed up at 2% long ago which are now all converting to 7% or more variable rates.
Many people today need to find an extra $1000 to $2500 a month to pay the jump of 5% in interest rate alone!!! From their after-tax incomes.
Market value ?Quote:
Originally Posted by kpopcity
My own work which normally doesn't deal with the public has been effected by the slowdown, but its a major worry as I see it for Australia in general. We are really suffering the effects of stagflation, but nobody really wants to admit it. It might not be here now, but just around the corner.
Look at the financials of the banks and you might see something which is not publicly commented on, sure they make billions, but look at their ready cash reserves (which really is not cash as such). The figures show an increasing rate of mortgage difficulties which technically are defaults, but they are trying to hold of on repo's so not to be the first to cop shit over it.
Yet, is the real estate boom over ?
I have always stated "never by into a unit building till it reaches it 7th year" as by then the building issues either are in the courts or been there. Nowadays this is extremely relevant.
There is a nasty side effect of the last couple of years booming, the extremely poor quality of renovations which after the 6 years warranty, will create so many more issues not in apartments, but it 95% it will be kept quiet even by the press.
Most major manufacturing has moved offshore, the blue collar work force we have now is too small and too spoilt.
Even the great usa is turning on it allies which only more show for the shitbags in government now (may 2024) are cozying up to the marxist ideals of the stupid lazy society of the latest gens.
the majority chinese sex industry in australia isn't even locally driven....
Oh I should check out the aussie sex side of things, I suspect they are doing better and meeting their market demand.
So who really has enough time to do reports ? (I am trying to retire and just keep getting boringly busier).
If the cost of living is not effecting your lifestyle then you are very lucky, a drug dealer or a theif. Or you could have successfully organised your life so congratulations. The next step in this cycle will be that punt gets dearer, not cheaper. The good girls will move around. The good shops will charge more. The band is being stretched 😎
The price has to go down or girls are gonna be out of work
The only 2 things needing to go down is a chick and the zipper on your pantsQuote:
Originally Posted by yunglean
I will have to agree with you on the face the the Chinese sex industry in Aus is not purely locally driven.Quote:
Originally Posted by local
Every time I step into Ginza, when I wait for the girls, every other punter sitting in the punting room has been Chinese or East Asian - I don't think ive actually bumped into any punters non-asian. Maybe thats just me and its a coincidence but yea its definitely catered towards a different crowd compared to say your local thai massage place.
i've had to cut back on date night with the wifey to sneak in some punts..even the annual family holiday. I need a
second job!
Have been keen to try out Ginza for a while. Did I understand correctly, but do punters all wait in the same waiting room together? If so, this doesn't sound right for top tier Asian shop. This old Italian is definitely not going now. I would stick out like a fly drowning in glass of milk.Quote:
Originally Posted by kpopcity
shit! so GINZa allows indians. you lost me there
There is of course another side....Quote:
Originally Posted by kpopcity
In the last few weeks I have received messages from a few "retired" ladies. These have been different original nationalities, but basically they either met a husband or had a kid and in all cases thought they had set themselves up never to work again. Well seems things are getting a it tough out there. The offers have been to meetup and see what happens/what might be arranged. This is only early stages, hang on for the long ride brothers.
Fuck ‘em. They get large amounts of cash each day, tax-free, contribute fuck all to this country apart from handjobs and sex and just suck the life out of your finances. It’s got way out of my price range here, I can’t see how continually forking out the likes of $300 to $500 per hour is affordable. Good for you if you can do it. Who gives a fuck what I think anyway haha. The Glory Days are well and truly behind us.Quote:
Originally Posted by yunglean
No 5 marrickville just posted ladies photos on there wechat update (instead of the usual text roster). I guess business is slow enough they need to amp their marketing since this is the first time ive seen them upload girl photos
You still can, make it a pearl necklace, just as nature intended.Quote:
Originally Posted by JuneC
Also from personal preferences, quality have gone way down after covid.Quote:
Originally Posted by rubit moore
Before covid, 150/hr shops out west you could find girls in their 20-30s. Now you are lucky if you can find someone 45.
Also dont get me started on the standard, gold, diamond service bs - which will cost 250/hr without rimming or pussyslide.
Also i feel like girls are uglier now too. If we talk pure beauty, Lara probably takes it at Ginza right now. But if you had Lara on in 2018-2019 when Jin, Lulu, Daisy etc were on, she wouldnt get anywhere close to top tier.
The fact they cancelled working holidays visa for chinese girls doesnt help the pussy price. 45k gdp per capita quality japanese girls isnt flying 2000km here to work at rates lower than back home.
Mortgage has gone up so much that I am so poor now, I just come here you read after reports and live vicariously through others...
Sent from my LE2123 using Tapatalk
All I can suggest is don’t date a ML unless she believes Monopoly money is real. They you’re in with a chance.Quote:
Originally Posted by Bakergeoff
Yeah i have drop off my punting for sure. The prices haven't have not reflected the service post covid. Defiantly seeing my regular girls more often and not searching for new girls as a bad punt really hurts these days. I am down to 1 punt ever week and a half to 2 weeks, from 4 to 5 a fortnight.
Just date an ML and promise a PR then you can get buy one get other night free
Ha, JuneC, I know what you meanQuote:
Originally Posted by JuneC
Yep, its the reason why I have avoided new WL's. A few have been good but have either disappeared off rosters or returned home. Regulars are great because you know what you'll be getting. The WL is happy and your happy so its a win win situation lol.Quote:
Originally Posted by Maxxx13
The cost of living issue is real, also uncertainty of the economy is worrying, I don't think it's getting better. If we have less punters' spending/demand, price might come down.
Well said, local, totally agree with you on the property sector, we will definitely see more buliding issues in the next few years. Plus, the recent heavy rainfall is not helping.Quote:
Originally Posted by local
I had a complete reno done on my place last year & it was done by a relative who has his own business. Excellent first class job & great to move back into a "new" home...
Ive been focusing on my watch collection and realized I’m able to pick up many more time pieces from not punting as much.
I am thankful for my disability support pension. Gets me by