atw: Re: Mildly OT Re: Unreasonable/ Ineffective Contract term: Terminate for convenience

Terry D:
On Wed, 27 Oct 2004 15:29:44 +1000 (EST), you wrote:

> Or, it could be that, almost invariably, I've been more qualified
> than the potential bosses. Then they always ask *that*
> interview question: "what do you want to be doing 5 years from now?"
>
Any one over 50 (and maybe younger?)  will hear this more frequently, I=
 suspect.

I'm 60+.

Last time I heard that question was from two banks (who wouldn't=
 discriminate
on the basis of age!) who were assessing a  < 40% loan on a real estate 
purchase. 

They one took it further by asking if I could get a statement from my=
 employer
to the effect that I would still be working for them in 10 years. 

When I laughed out loud and asked how many banks would offer that assurance
in writing to their employees, there was, well, a sort of deadening=
 silence.

As there was when I asked if they asked the same question of 35 y.o.=
 applicants
looking for up to 80% finance by way of a mortage.

Then:
Q: "But what would you do if you lost your job in a few years time?"
A: "The same as anyone else, or any 35 y.o. person -- look for another=
 one."
     "And besides, I understand there's mortgage insurance in the package=
 to
      cover that sort of exigency...."  
<silence>
"Oh we weren't worried about that...  we were just worried about your 
welfare....     er.... we have a Duty of Care to our customers...."

Yeah, sure. Nothing to do with age?

The other bank said "Yeah, sure, you can have the loan -- just show us
evidence that you have a superannuation fund that will pay out enough
to cover all the mortgage payments..."

Presumably forgetting that in their application form they had required 
a statement of how much was available in super funds, and SURPRISE!
SURPRISE!  there was no such fund.  

So translated this means:  Yeah, sure your loan is approved on condition
that it isn't available to you.

Funny about that


-Peter G. Martin, 
Technical writer
Proxima Technology


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