It's the economy, stupid!

 
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Have they asked for a rent reduction?
no, they just stopped paying, so i guess their request is zero. They sent the agent a cooy of their employment termination notice on the employers letterhead, which fails to mention the reason for termination being Covid 19, it mis-spells the suburb of the employers address and the employers address is a residential unit in a high rise. I mean which company misspells their own address on official letterhead????. Scam anyone????

On the otherhand the tenant up to now has never been late with rent over 7 years and has looked after the property....I would rather a period of reduced rent (not zero) than no rent for a longish period and then unknown tenants.

cheers
arctic
Thank-you, interesting. I agree with you in that SOME rent is better than having it vacant - its a moot point anyway if they've already left (?) Any chance you can negotiate with them to stay rather than just run off? Or has the agent lost contact with them completely.

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  arctic Deputy Commissioner

Location: Zurich
Have they asked for a rent reduction?
no, they just stopped paying, so i guess their request is zero. They sent the agent a cooy of their employment termination notice on the employers letterhead, which fails to mention the reason for termination being Covid 19, it mis-spells the suburb of the employers address and the employers address is a residential unit in a high rise. I mean which company misspells their own address on official letterhead????. Scam anyone????

On the otherhand the tenant up to now has never been late with rent over 7 years and has looked after the property....I would rather a period of reduced rent (not zero) than no rent for a longish period and then unknown tenants.

cheers
Thank-you, interesting. I agree with you in that SOME rent is better than having it vacant - its a moot point anyway if they've already left (?) Any chance you can negotiate with them to stay rather than just run off? Or has the agent lost contact with them completely.
don_dunstan
The tenants are still in. Real Estate agent wants to evict if they dont provide exact proof according the regulations for Covid 19. I would rather they negotiate as a one off for a good outcome for all (provided there is some proof) but the agent may be concerned about setting a precedent. I have no direct contact with the Tenants.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Cars are being parked in the Pacific Ocean with carrier ships unable to unload them in California - because there's nowhere to store them on account of unsold new cars already piled up at dealers. ZeroHedge:

...On April 24 when a cargo ship of 2,000 Nissan SUVs was approaching the port of Los Angeles they were told to drop anchor about a mile from the port and remain there. The port was full and the glut is indicative of just how the industry has collapsed in the U.S.
John Felitto, a senior vice president for the U.S. unit of Norwegian shipping company Wallenius Wilhelmsen told Bloomberg: “Dealers aren’t really accepting cars and fleet sales are down because rental-car and fleet operators aren’t taking delivery either. This is different from anything we’ve seen before. Everyone is full to the brim.”
Though the Nissan shipment was eventually received 5 days later, Kipling Louttit, executive director of the Marine Exchange of Southern California said: “It is very abnormal for a container ship, a car carrier or a cruise ship not to go right to the berth, discharge and be on their way.”
The Long Beach terminal south of LA is capable of storing several thousand vehicles. Cars usually spend a short amount of time there before being relocated to lots 5 to 8 miles away. Then, they're sent to dealers.
But the collapse in sales last month caused a backlog buildup. Ships had to divert to other ports and others had to wait to discharge cargo. The Port of Hueneme needed to find space for an additional 6,000 surplus cars. Kristin Decas, the port’s director and chief executive officer said: “You can’t stack cars. We even looked at using the Ventura County Fairgrounds.”
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Cars are being parked in the Pacific Ocean with carrier ships unable to unload them in California - because there's nowhere to store them on account of unsold new cars already piled up at dealers.
"don_dunstan"


How ironic, both cars and oil are being parked on the ocean.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Cars are being parked in the Pacific Ocean with carrier ships unable to unload them in California - because there's nowhere to store them on account of unsold new cars already piled up at dealers.
How ironic, both cars and oil are being parked on the ocean.
RTT_Rules
You'll be astonished to know that I paid 75.9 for petrol today - the bloke next to me was also ecstatic that he was only paying 79.9 for his diesel.

Those dreadful old electric cars you used to so love are now redundant - I laughed when I saw a Tesla the other day. Ha! Suckers...
  speedemon08 Mary

Location: I think by now you should have figured it out
Cars are being parked in the Pacific Ocean with carrier ships unable to unload them in California - because there's nowhere to store them on account of unsold new cars already piled up at dealers.
How ironic, both cars and oil are being parked on the ocean.
You'll be astonished to know that I paid 75.9 for petrol today - the bloke next to me was also ecstatic that he was only paying 79.9 for his diesel.

Those dreadful old electric cars you used to so love are now redundant - I laughed when I saw a Tesla the other day. Ha! Suckers...
don_dunstan
You're still paying more to fill up the petrol car vs the electric one.
  Valvegear Dr Beeching

Location: Norda Fittazroy
I'm still trying to get over the shock of having the litres numerically higher than the dollars.

Mark you, when I was a nipper, petrol was one shilling and eight pence a gallon; translates to about 17 cents for 4.53 litres or 3.75 cents a litre.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Cars are being parked in the Pacific Ocean with carrier ships unable to unload them in California - because there's nowhere to store them on account of unsold new cars already piled up at dealers.
How ironic, both cars and oil are being parked on the ocean.
You'll be astonished to know that I paid 75.9 for petrol today - the bloke next to me was also ecstatic that he was only paying 79.9 for his diesel.

Those dreadful old electric cars you used to so love are now redundant - I laughed when I saw a Tesla the other day. Ha! Suckers...
You're still paying more to fill up the petrol car vs the electric one.
speedemon08
Except I get to miss out on the thrill of waiting hours for it charge...
  michaelgm Chief Commissioner

I'm still trying to get over the shock of having the litres numerically higher than the dollars.

Mark you, when I was a nipper, petrol was one shilling and eight pence a gallon; translates to about 17 cents for 4.53 litres or 3.75 cents a litre.
Valvegear
Filled the Mazda 2 Monday. $27, happy days.
Earliest I remember Fuel prices was 33c/pl.

Price has jumped since, about 25c.
  apw5910 Deputy Commissioner

Location: Location: Location.
When the only "fuel crisis" was how you were going to get the ten bob required to fill your tank.
  Valvegear Dr Beeching

Location: Norda Fittazroy
And when closed service stations had  "after hours" fuel available by inserting 2 shilling pieces into a metering system.
  7334 Chief Commissioner

Location: In the workshop wondering why I started 7334 in the first place
When the only "fuel crisis" was how you were going to get the ten bob required to fill your tank.
apw5910
When I was in my teens my father had a second job in a local servo on Saturdays and I used to go with him sometimes on Saturday afternoons.  This was the mid 60s and I think standard was 3 shillings and 4 pence (33c) while super was 3 shillings and 8 pence (37c) a gallon.

Most people bought 10 shillings worth (a ten bob note) while you had to have your tank well down and be feeling rich to buy a pounds (a quids) worth.

You didn't fill your tank up because there was no automatic cut off and you risked having petrol all down the side of your car.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
I'm still trying to get over the shock of having the litres numerically higher than the dollars.

Mark you, when I was a nipper, petrol was one shilling and eight pence a gallon; translates to about 17 cents for 4.53 litres or 3.75 cents a litre.
Filled the Mazda 2 Monday. $27, happy days.
Earliest I remember Fuel prices was 33c/pl.

Price has jumped since, about 25c.
michaelgm
It was $30 for two-thirds of a tank on my Falcon ute; happy days. Who cares about electric cars - my mechanic says my Ford will go for 20 more years at least (unless they ban them!). I for one don't need or want the latest thing and I've never owed anything on it so its always been cheap to own and run.
  nswtrains Chief Commissioner

I'm still trying to get over the shock of having the litres numerically higher than the dollars.

Mark you, when I was a nipper, petrol was one shilling and eight pence a gallon; translates to about 17 cents for 4.53 litres or 3.75 cents a litre.
Filled the Mazda 2 Monday. $27, happy days.
Earliest I remember Fuel prices was 33c/pl.

Price has jumped since, about 25c.
It was $30 for two-thirds of a tank on my Falcon ute; happy days. Who cares about electric cars - my mechanic says my Ford will go for 20 more years at least (unless they ban them!). I for one don't need or want the latest thing and I've never owed anything on it so its always been cheap to own and run.
don_dunstan
Don quoted: 'my mechanic says my Ford will go for 20 more years at least.'  And look where Ford is now in Australia. The public became fed up with the agricultural heaps of junk offered by them.

Don't worry the oil industry is seeking a bailout from Trump so they can go back to charging higher prices. The fracking and sand oil parasites must have lost a motza on oil that they needed at least $45 USD to make money. So far your horrible Democrats are not playing ball and told the industry to get lost.

It amazes me, when it's business as usual they love the capitalist system, but when it all goes pear shaped they suddenly love public money so the losses can be socialised. I wonder how the remaining Koche brother is faring? Perhaps he can chuck some money in?
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Don quoted: 'my mechanic says my Ford will go for 20 more years at least.'  And look where Ford is now in Australia. The public became fed up with the agricultural heaps of junk offered by them.
nswtrains
Nah it was the Thai-Australia "Free Trade Agreement" that allowed Thailand to dump Focus and Ranger here tariff-free while Ford Australia wasn't allowed to export the Territory or Falcon to Thailand as they promised. Howard signed the death warrant for Ford's workers when he insisted they compete with people working for a fraction of their wages - the rest is history.

It never ceases to amaze me that we still have people in this country who want to run down Australian-made for no other reason than they think imported stuff is better, but then your lack of patriotism isn't surprising.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
President Trump says that he's not sure what he's going to do about China as they still refuse to take any responsibility for the the release of COVID19 on the world. Via Bloomberg:

President Donald Trump cast doubt on the future of his “phase one” trade deal with China, one of the biggest accomplishments of his first term, saying Friday that he’s struggling with Beijing in the wake of the global coronavirus pandemic.

“Look, I’m having a very hard time with China,” Trump said in an interview on Fox & Friends. “I made a great trade deal months before this whole thing happened. And it was kicking in, you know, a month ago and starting to kick in and starting to produce and then this happens and it sort of overrides so much.”

Seems likely that a new trade war could launch out of this COVID19 thing?
  Groundrelay Chief Commissioner

Location: Surrounded by Trolls!
US Stock Market continues to recover, ignoring millions more unemployed and thousands of businesses likely to remain closed. The Fed seems to have money printing machines for everything. They'll pretty much back anything, pushing the boundaries of its authority in the process. Some of that largesse is also supporting global equities markets. Happy times for cashed up investors.

Proof that it's all BS. We may as well just print money as it means nothing anyway.
  Valvegear Dr Beeching

Location: Norda Fittazroy
President Trump says that he's not sure what he's going to do about China as they still refuse to take any responsibility for the the release of COVID19 on the world.
"don_dunstan"
Why the hell does that egomaniac have to do anything about China? COVID-19 has happened - deal with it. What does he expect China to do, say "Very sorry, you can have your money back"? The blame game isn't going to solve anything.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
President Trump says that he's not sure what he's going to do about China as they still refuse to take any responsibility for the the release of COVID19 on the world.
Why the hell does that egomaniac have to do anything about China? COVID-19 has happened - deal with it. What does he expect China to do, say "Very sorry, you can have your money back"? The blame game isn't going to solve anything.
Valvegear
We need to know what happened - exactly what happened - so that we can help manage it as early as possible and avoid the shocking situation that we now have. It might have started out as a domestic Chinese problem but it was always certain to become a global problem: The Communist Party of China must have known this right from the start but they were not honest with the rest of the world (or their own people) about the infectious and deadly nature of this disease. As recently as mid-January they were denying that it was even infectious from person-to-person.

Instead of getting cooperation from the Chinese Communist Party we get threats of economic retaliation if we ask more questions. They threaten Australia's trade with China over wanting to have an international and independent investigation into exactly what went on. That information is going to be critical if we have another outbreak of a similar virus - instead of cooperation we get threats telling us they'll cut off our trade.

Do you seriously not see what the problem is here? Trump is just opining the reality of having to deal with a government that constantly lies, obfuscates, and threatens... and is generally a rouge state and poor global citizen.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
... and as if to reinforce what reliable and ethical friends the Communist Party of China are - they slap a retaliatory tariff on Australian barley. Just because. ABC;

Relations between Canberra and Beijing] have hit a fresh low in the wake of the COVID-19 pandemic, as Prime Minister Scott Morrison lobbies his counterparts for an international inquiry into the origins of the virus.

China's Ambassador to Australia Cheng Jingye had previously threatened his country would impose economic sanctions if Mr Morrison continued to push for the probe, in what Trade Minister Simon Birmingham described as "coercion".

Now, it appears China is set to make good on those threats and the first victims could be Australian barley growers.

Several major Australian grain groups have issued a joint statement today saying the industry understands China is "potentially proposing to place tariffs on barley imported from Australia as a result of their ongoing anti-dumping and countervailing duties investigation".

"The yet-to-be-finalised tariffs may include a dumping margin of up to 73.6 per cent and a subsidy margin of up to 6.9 per cent for barley imported from Australia," it said.
  Valvegear Dr Beeching

Location: Norda Fittazroy
Do you seriously not see what the problem is here? Trump is just opining the reality of having to deal with a government that constantly lies, obfuscates, and threatens... and is generally a rouge state and poor global citizen.
don_dunstan

Don, we all know how China behaves. The problem is self-evident, and I don't like it any more than you.  There are numerous things that China (and other countries) do, that we'd like to know.

But; my question stands, just what is Trump going to do? Short answer; nothing, because there's nothing he can do.
He's already let the Chinese know what he thinks of their abysmal performance. China will ignore any more simply because they realise he's powerless in this instance.


P.S. I like your "typo" description of China as a "rouge" state. Since rouge is a shade of red, we could call China a "rogue, rouge state."Very Happy
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Do you seriously not see what the problem is here? Trump is just opining the reality of having to deal with a government that constantly lies, obfuscates, and threatens... and is generally a rouge state and poor global citizen.

Don, we all know how China behaves. The problem is self-evident, and I don't like it any more than you.  There are numerous things that China (and other countries) do, that we'd like to know.

But; my question stands, just what is Trump going to do? Short answer; nothing, because there's nothing he can do.
He's already let the Chinese know what he thinks of their abysmal performance. China will ignore any more simply because they realise he's powerless in this instance.


P.S. I like your "typo" description of China as a "rouge" state. Since rouge is a shade of red, we could call China a "rogue, rouge state."Very Happy
Valvegear
Oh yeah - 'rogue vs rouge'... LOL. They're RED China after all.

Trump seemed to get some kind of a resolution or pathway with China back to normalized trade (ie almost tariff free) but now he's threatening them with trade again - which is their only source of leverage with China after all.

Trump is by no means perfect but he did take the big stick to China over their double-standards and to some LIMITED extent it did work. It did at least get them to negotiate a better deal for the United States (probably worse outcomes for the rest of us). Trump is just lamenting the fact that their ultimate culpability is due in part to their secretive, totalitarian system itself.

But you're right, ultimately what can we do...
  davesvline Chief Commissioner

Location: 1983-1998
I like Dons posts......

But I’ll have to say the one about the Aussie car industry ignores one particular fact.

Our car market on its death bed ignored one simple fact. That the customer vehicle expectation had moved beyond the crap we were dishing up to the market.
The market was wanting SUVs and larger off road vehicles like the Ford ranger etc, yet the deluded Fks lamenting the demise of the Aussie car market can’t get beyond the idea that the Falcon and Commodore were no longer the vehicle type of choice. It was the local manufacturer of vehicles clinging to a 5-8yr outdated market expectation of vehicle type going forward that spelled their doom.

The Ford Territory being the ONLY exception to this, but that was too little too late.

Pop quiz. Would the burden to the tax payer have been more in the government subsidies to the local car industry over the years, OR paying the entire workforce th equivalent of the dole for the duration local car manufacturing existed??

I dunno.

Regards
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
I like Dons posts......

But I’ll have to say the one about the Aussie car industry ignores one particular fact.

Our car market on its death bed ignored one simple fact. That the customer vehicle expectation had moved beyond the crap we were dishing up to the market.
The market was wanting SUVs and larger off road vehicles like the Ford ranger etc, yet the deluded Fks lamenting the demise of the Aussie car market can’t get beyond the idea that the Falcon and Commodore were no longer the vehicle type of choice. It was the local manufacturer of vehicles clinging to a 5-8yr outdated market expectation of vehicle type going forward that spelled their doom.

The Ford Territory being the ONLY exception to this, but that was too little too late.

Pop quiz. Would the burden to the tax payer have been more in the government subsidies to the local car industry over the years, OR paying the entire workforce th equivalent of the dole for the duration local car manufacturing existed??

I dunno.

Regards
davesvline
I guess in the past that I've argued this point with RTT_Rules -

Ford was actually going to expand even in the face of the button report. UP until the Thai/Australian FTA they had plans on the books to build a diesel-engine plant in Australia but a change of Ford Australia CEO plus Howard's spineless non-enforcement of the terms of the Thai/Australia FTA sent a pretty clear signal to the car industry in Australia around 2003: Howard would not go into bat for Aussie jobs.

The rest is history - the GFC killed any export industry we had going. Ford came up with the Territory which relied on lots of imported components and never resonated with the public. GM had a red hot try also with the Crewman but it was really thirsty - a mate of mine had a second hand one and it was a bit under-powered with the V6 too.

Ultimately industry had also decided by the mid-2000's that the environment was getting too hostile to local manufacture by the late Howard years and didn't bother to put any more effort into local R&D or the concept that they should even bother making here any more.

Also costs here were getting out-of-control - the cost of housing, compulsory superannuation, the runaway cost of gas and electricity. I don't blame the unions though as car maufacturing continues to be viable in lots of countries where the cost of wages are higher than here. GM found the cost of wages in Korea 25% or so more than Aussie manufacturing but the problem was Daewoo (their purchase in the early nineties which initially imported Aussie parts from the GM chain) was closer to supply chains and there was an effort on the part of the Koreans to keep manufacturing there.

All of the above.
  DirtyBallast Chief Commissioner

Location: I was here first. You're only visiting.
Ford came up with the Territory which relied on lots of imported components and never resonated with the public.
don_dunstan
Except that there were over 178,000 of them made and sold. Hardly a dud:

https://en.wikipedia.org/wiki/Ford_Territory_(Australia)

You will have to convince me that they relied on 'lots of imported components' too. Exactly what was their % local content?

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