/biz/ - Business & Finance

>>10191595
I'm hearing some things about Australia's housing market.

>>10191610

Mate its shit, so over valued, only way non-boomers will buy a house easily is if the whole thing collapses. Looking most houses in W.A being worth 1mill plus currently unless you choose some shit suburb an hour from the city

>>10191610
what are you hearing anon?

>>10191891
So the same as everywhere

>>10191891
>boo hoo i want a nice house in a good suburb, close to the city and cheap.

>>10191956
Same as crypto, everybody keeps saying that housing market is in the bubble and will crash soon. I've been hearing it for the past several years, yet prices just go up

bitcoin upside, realistically 400-2000% over next 5 years. House upside, 5-20% over the next 5 years. People are selling their real estate investments to buy crypto right now because why have so much value tied up in a low yield asset when you got stocks and cryptos doing hundreds of percent per year.

Why is he wearing a Triple J hat? Shouldn't it be like Gold if he's a boomer? Or maybe something normie like Mix?

>>10191956
The reserve bank is trying to give it a soft landing since low interest rates and Chinese investment in particular have pushed prices up way higher than they should naturally be so progressively we've seen a series of changes to policy which if you're an optimist will mean the bubble won't so much burst as deflate, but if you believe it's a bubble means that we're due for a massive crash and defaults and stuff.

The Australian market is a fucking weird one, look up 'negative gearing' and you'll see what i mean - I'm not sure if that is a common practice in many other countries or is unique to Australia's tax code.

>>10191956
Nothing insider, just stuff about Interest Only Loans becoming Interest and Principle loans over the next couple years

Around 2:43 it describes this
https://www.youtube.com/watch?v=6-8c5tH_9Qw

Also another video here: https://www.youtube.com/watch?v=rZ9MxL6m8rI

Where two guys discuss if housing is affordable, the end message is that the market is probably going to keep going up to just buy at whatever price - The usual bubble talk, you don't only see that kind of thinking in stock/crypto bull markets.

Property is brainlet tier investment.

>>10192014
but I cant live inside of a cryptocurrency... and I need my own house for my sanity so I am thinking of buying within the next 6 months / 1 year

>>10192023
IKR they are just making more land every day. One fork after another...

>>10192027

Topkek greater fools theory.

When boomers retire and dump their cuckshed bags, do they expect millennial to be able to afford to buy those massively inflated piles of shit when wages have been stagnant for decades?

>don't invest in physical properties that are rising because of massive population growth and foreign investment
>invest in memecoins that literally no one wants to use even after a decade
>the housing market is a bubble
>memecoin market is gonna be worth 100 trillion

>>10192035
No, but you have to live somewhere and youll just be a serf to their children who now own the property.

>>10192038

>what are 3D printed homes

Next 5-10 years these will be mainstream and all the serfs currently trapped under ten rent seekers will be liberated.

>>10192043
Is your house just going to float? It has to sit on land you fuckhead. Also 3-D printed houses are a pipe dream from five years ago. I wouldn’t count on seeing them before you spend The next few decades of your life slaving away to pay rent

>>10192043

Lemme just 3d print some land in a prime location

>>10192036
Uhhh I hate to tell you this but just because everybody needs a home doesn't mean these is an infinite, inexhaustible demand for them. I'm pretty sure water utilities could bubble if there was too much speculation on it.

>>10192043
>and all the serfs currently trapped under ten rent seekers will be liberated.
What is 'property and title'?

>>10192036
screencapping this for a good kek in 6 years

>>10192022
>just stuff about Interest Only Loans becoming Interest and Principle loans over the next couple years

To expand on this, this is similar to what caused the US mortgage crisis.

A lot of adjustable rate mortgage loans had been issued. When "teaser rates" expired, the rate to pay on an adjustable rate mortgage would shoot up.

At the time, the housing market had begun to slow down, and so people weren't able to refinance their loans to bring those higher adjustable rates down, eventually leading to large amounts of defaults on loans.

Bull markets generally end either when money stops flowing in, or when money becomes more expensive.

>>10192085

Screencapping this so I can laugh at the now homeless tulip fag who went long ath

>>10191595
Shit mate.
Housing bubble is literally about to pop.
Cucked up that one didn't we?

I certainly hope nothing too bad happens to the Australian housing market though, that would hit me pretty bad :(

>>10192123
But does the location matter? I live in a big expanding city, and it looks like the prices will only go up, because transport problem is getting bigger, people never stop moving in and the city expands, so even my region is now considered "central".

>>10191595
Fuck you OP I'm living in $40/month shipping container

>>10191995
Pretty shit when you'd had it pounded in to you since you were a kid, and every time you think you're getting ahead the goal post gets moved. It's fucking shit.

>>10191999

Yeah, everyone be says that because they can’t afford a house in a neighborhood they want. It’s supply and demand. 2008 killed the market and basically shut down new home construction for a decade. Now all the richfags who bought up the foreclosures then are making a killing. There still is affordable housing... it’s just not in the places anyone wants to live. Supply and demand is a bitch when you can’t afford the supply.

>>10192014

But Bitcoin has a much bigger downside and a much bigger risk of going bad. If the housing market flops, you lose 5% at most and get that back if you just HODL. Also, you can rent housing and have other people pay for it. Not the same with bitcoin. If you have the money, real estate is a better game to be in.

>>10192035

This isn’t crypto, brainletX. They won’t look to dump their bags. They’ll pay a property management company a small amount each month to take care of the property and collect rent on houses that are either paid off or almost paid off. It’s 100% passive income. Then they pass that on to their kids in their estate.

>>10192071
This is what these absolute brainlets do not understand.

Houses aren't expensive because of materials. In fact, the materials are cheapers than ever. The price of land is what drives the cost of housing so 3d printing will have a negligible effect on the price of housing.

>>10192043

Oh, you mean premanufactured housing? Like trailers that have been around for $100? Like the housing that no one wants to live in because t depreciates in value and signifies you as poor? Like the housing you still need land for and will have a hard time erecting in the locations people actually want to live in?

Brainlet.

Invest in pepe coin brotha

>>10192063
I remember the Japanese house bubble back in the early 90's. They were literally reclaiming land from the sea to build on because there wasn't any more room. Then house prices dropped 60%. It's ALL about credit availability. Nothing else. We are coming to the end of the biggest credit bubble in history and central banks are backpeddling to try to avoid a massive global pension crisis brought on by their policies of easy money and yield suppression.

>>10192036
>massive population growth
The worlds population is slowly coming to a grind, Japan is going to be loosing 33% of their population in the next 30 years.

>>10192014
>People are selling their real estate investments to buy crypto right now
lol

My grandma lives in Tweed heads in NSW

Shes rich as fuck

>>10192155
Go home Zhang

desu as an american our housing prices will just keep going up for a while
euro poors and canada cucks are due for a bubble pop any time now

>Buying property
>in this market
Not gonna make it, wait for another recession you retarded boomer. What, do you wanna work forever?