…Hot Property

28th April 2003. I see Singapore is levying super taxes in the way of stamp duties to 60% to curb overseas buyers ( mainly Chinese) from distorting its property market. It is about time some politicians in OZ did the same so our young people have a place to live. ‘Landlords grow rich in their sleep’

..The curse of the drinking classes

24th April 2023. Any body with half a brain can see the pattern of knowledge work changing to remote work. The plunging commercial property prices are indicative of this change. The distinct cost savings and advantages of working remotely are too obvious to be ignored save for those trying to prop up cities which have lost their raison d’etre. “Doing nothing is very hard to do… you never know when you’re finished.” 

…Little Interest

8th April 2023. Quite a few years of observing financial markets has indicated to me that you can have either reasonably high interest rates about 6% or you can have inflation. To those living in a fools paradise of low interest rates in recent years and making long term investment decisions based on low rates, I have little sympathy. ‘The only difference between a rich person and a poor person is how they use their time‘