The whole market was engaged in a bidding war. Make sure your selection There were fewer bottoms on seats and those who still had a job were paying mortgage rates up to 18%. Michael Gross, the company’s vice chairman recently said “Were looking at building this business out, not just maximising profitability over the next one to two years”. Lurking about in no-man’s land History never repeats, Deep in the night it’s all so clear I've lost before you know I can't forget Hey, hey, hey, Split Enz Lyrics provided by SongLyrics.com. For those born before 1970 and learned math longhand will know the “Rule of Seventy Two”.You divide seventy two by the compounding increase to arrive at the number of years it will take to double. An annotation cannot contain another annotation. Never repeats My first task was to look at the history of (like for like) parking rates over the previous ten years in Sydney. Kings and Hooker parking disappeared. I lie awake with great ideas Leading me on towards a change of heart So, what has this got to do with ParkScience and the weird and wonderful world of parking you ask. I can't go on if that's the rule Hey hey Parking industry in Australia is at a crossroads. Deep in the night, it's all so clear History never repeats I tell myself before I go to sleep Don’t say the words you might regret. She dealt my love a savage blow Lyricapsule: The Surfaris Drop ‘Wipe Out’; June 22, 1963, Lyricapsule: The Byrds Drop ‘Mr. At 7% compounding, the rent will double by year ten. Leading me on towards a change of heart, ah, History never repeats Leading me on towards a change of heart, ah”. This is just a preview! I tell myself before I go to sleep Prior to the untimely end, Wilson had four substantial offers in the market where the business case was to lose over $1,000,000 each in their first year of operation. History never repeats, I tell myself before I go to sleep... Crisis? There was a girl I used to know History never repeats In particular We Work appears to exhibit many of the same attributes of the operators in the 80’s – focussing on market share and growing the size of the business above profit with the same mis match between the long-term rentals and their far shorter-term revenue streams. Neither of the above (and maybe it was because these terms had not been invented yet) – it was the economy, which is not as predictable as fixed rental increases. So, a $2,000,000 rent becomes $4,000,000. Keating engineered the recession we had to have -the RBA cash rate hit 17.5%, unemployment went over 10% as interest rates were used to curb inflation – which went over 8% before falling to 2% by 1993. And there's a light shining in the dark