LPG

Shit, you've got a webcam at my place?

Theo

 

You've been readng my posts, haven't you?

Theo

 

So your saying rents won't go up with this huge rise of people 'wanting' to
move closer to the city, surely that will be a supply and demand issue and
rents will rise as more people demand accommodation. Quality of life is not
just financial either, I'm quite certain my quality of life would be
reduced, no matter what my bank balance said, if I was forced by transport
costs to move closer to the city.

I keep doing the figures comparing the of public transport to work against
driving, no comparison yet.

Al

 

mental image: Howard singing "Two out of three ain't bad".

-----sharks

 

No I'm not saying anything of the sort. There will be a complex
interaction of differing preferences creating differing levels of supply
and demand.

At a raw level increase in transport costs for people living in the
outer burbs going up will have a somewhat depressive effect on the value
of homes in the outer burbs, because some people will substitute living
closer because the increase in travel cost will exceed the increase of
cost to live closer, to assume there will be a one for one increase in
inner urban rental cost equal to the increase in travel cost is
implausible, it could be plus or minus by a small or large amount
because thats only one small piece of the picture. At some point
equilibrium will again be reached though.

Absolutely, of course. But not everyone will sell their house in
Blaxland and move into Campsie so they can bike to work. Only some will,
so the percentage change is unlikely to be huge overnight, although it
will undoubtably be substantial over the long term, at which point
another equilibrium of the cost benefit will be reached. The only thing
that is sure is that a significant change in the price of a commodity
that absorbs a significant portion of the average household budget will
cause behavioural changes in a non trivial percentage of the population.

Of course not, did I say it was ? Most everything can be ascribed a
monetary value though - free time riding your bike can be valued equal
to the opportunity cost of the money you could be earning in another job
- but of course it's worth considerably more than that to you - hence
there's a non linear relationship between the amount of hours you work
and the value you place on each additional hour, that's why they used to
have to pay time and a half and double time to get people to work overtime.

For sure, because you get utility from being in the outer fringes, your
location has value in itself to you. So for you that's an inelastic
parameter, you'll give up the things that are elastic in your
preferences before you'll give up the things that are inelastic, that's
rational (and expected) human behaviour.

Different people have different value sets, so some of your neighbours
live in your suburb because it's a cheap way to gain home ownership, and
in 5 years they'll "trade up" to a house in Castle Hill or Bella Vista
because it's closer to the city, and then sell it and buy a house on the
coast to retire to. Everyone has different value sets, that's why it's
impossible to predict an individual's behaviour but very easy to predict
the behaviour of a group.

Of course, public transport from where you live to where you work is all
but non existent, you'd probably have to catch 3 different forms with
huge amounts of waiting time. That's unsurprising given very little of
Sydney is well serviced by public transport, and Bob Carr encouraged it
by building more and more roads and cutting funding to the public
transport (evil little weasel that he was, I'm so disappointed - I was
looking forward to voting for Brogden over Carr* at the next election)

JL
(Right Wing Fundamentalist Christian Nazi Debnam just doesn't have the
same appeal as Brodgen :-(

 

Nope, you told me last year


http://groups.google.com.au/group/a...b3344?lnk=st&q=&rnum=1&hl=en#d301ab7713db3344

 

Some fucker must've rewired my keyboard--it was _supposed_ to be a
smartarsed reply containing a booth joke...
Or maybe I've joined the Police,and my typed booth jokes are now
unrecognisable...
Xkjlocoublb..,';popjn;njlg *sigh*

Puzzled Paranoid Policeman Pat

 

That assumes a balanced budget, the Federal Government has budgeted for a
surplus and therefore a reduction of Surplus is also a possibility. However
the budgetary process should predict such fluctuations in revenue from
sources subject to elasticity of demand and allow for shortfalls in their
forward predictions.

Boxer

 

Which, to state the bleeding obvious, makes no sense at all, since
combat veterans are far more likely to need welfare, be disabled and
become mentally ill than your average punter.

 

yeah, but by then it won't be Johnny's problem....

betty
cynical? moi?

 

Sure it will. He's not going to retire ever, 65 years as PM is too small
a target.

 

Aaaaaargh<kicking and punching> You mean I'm never going to wake from this
nightmare??????

betty

 

You're confusing taxes with profit, but, yes, just because we're making
*some* money off the Chinese doesn't mean we couldn't be making a whole
lot more...

 

Yup , but some idiot gave the Chinese a 25 year contract with difficult
options on price increase

 

If you don't understand, you _can_ ask.

Hammo (but I know you just love to watch)

 

That's your POV. I'd hardly call 'metrocentric' a big word, and in this
context it is quite correct.

I agree that decisions that are made in the "big cities" for rural people do
look like shit.

Hammo

 

Albury/Wodonga is two cities and it's size is often referred to by the
"regional" population. If this what you are referring to, it also includes
Baranduda, Bandiana, Kilara, Ebden, Bonegilla, Bellbridge, Lavena as it easy
to and makes demarcation for needs assessments easier. Much like saying
that the Blue Mountains is part of Sydney.

Hammo

 

A cover performed by Metallica and included on their Garage Inc release.

Hammo

 

Oh, like the time you claimed you were against unions?

Hammo

 

<sigh> It exists in two states, so has 2 different local governments, 2
diff state govs, until recently a federal government department that was
also involved in its (sic) running. To compare it as a population size of X
against others, is, well, silly and supports the view of the "big city
thinking". Thanks.

Regional population supported is very important. Consider needs
assessments, consider the "framework" and how this arbitrary label does more
to hinder rather than show a status of ".....".

Cool, my big city comment is right on the mark then.

Hammo