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08/08/14
08:24
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Originally posted by farmboy
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I have a friend who owns a quality restaurant, doing very well. He does not open on public holidays because if he does he has to pay his chef $1000 for the day.
I have another business friend who has just returned from a quality resort in the Philippines. He reports that $1000 would employ a whole host of staff there for a month.
ergo, the Australian restaurant stays shut, and employs nobody. The Philippine resort stays open and employs dozens.
Yes, I know all the arguments, but the bottom line is inescapable.
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Thirty year fixed mortgage in the US,plus they have no negative gearing,makes housing far more affordable,takes the heat out of high wages.
Negative gearing pumping house prices, but they're not overvalued yet
The decision affects the nearly one million New Yorkers who live in rent-stabilized apartments. The increases are for the legal permitted maximum rents, though landlords may charge less.
http://online.wsj.com/articles/new-...sio-calls-for-one-year-rent-freeze-1403545703
It aint rocket science.
Raider
In the land of the blind,the one eyed man is king.