/biz/ - Business & Finance

Gfc 2 this november

Wow blatant Aussie Fed bait.

Don't respond with your assets if your from Australia.

If we can synchronise a property market crash with a Chainlink moon that would be great, thanks. Would be happy to buy boomers' third investment property off them for a large loss from their end.

>>10602990
when china goes, which should be relatively close. they (gov) are already frantically trying to keep the lid on their credit crisis. they don't want to scare investors away. of course this can't go on for ever and the smart ones will already start to pull out. once china goes, the second global crisis will start, this time not sparing australia because they've let their housing market get taken over by ching chong & co

>>10602990
would pay at most 150K American dollar for that house

>>10603002
24m Perth
110k stocks
60k debt
40k cash

>>10603002
nah im an expatriate living in illinois
>>10603014
I paid 139k, its huge and gorgeous on the inside, still needs some work though

>>10602999
I hope so
I wanna see landlords jumping out of their mansions and getting rekt

unproductive rentseekers the lot of them

we'll see a boring, shallow trough but dont think a serious crash will be coming

>>10603056
Its anuddah shoah, except for the chinks

>>10603025
>0 cryptos
not gonna make it

>>10603072
Crypto is a scam kid

>>10603064
I dont really mind the wolves, I blame the idiot who left the gate open and put a big plate of meat for them, they wouldn't have come in if the gate wasn't open

>>10603042
so you will end up somewhere between 150K and 200K. That is cheaper as expected

>>10603060
This.

>>10603076
retirement accounts are a scam
stocks are a scam
banks are a scam

>>10603076
>being this much of a boomer

>>10603088
probably will flip for 250-300k, I bought it in a manufacturing town which is being heavily revitalized by trumpenomics, its already up like 20% in value and I only bought a few months back

>>10603013
this sounds pretty accurate. what ammunition is left to prop housing up? and i mean any and all, it will literally be soften the fall at any cost

>>10603137
theres still socialism bottlenecking land development, maybe the government will end up closing off all potential development until the crisis ends

>implying our government is this smart
>implying turncuck wont implode as his gaping maw of an arsehole implodes from the gravity of its expansion

>>10603162
artificially restrict supply whilst pumping boats. would there be a solution to cucked wage growth against rising rates?

>>10603076
hohohohohohohohohohohohohohohoho

>>10603042
>nah im an expatriate living in illinois
Do you follow state-level issues much? From the news we get, it sounds like the Illinois state government has been spending itself into bankruptcy as quickly as possible, taxes are super high, and businesses and rich people are leaving. Will Illinois have a crash or can they turn it all around?

>>10603189
god no, our wage growth is going to turn us into venizuela, theres no solution at this point other than lowering the minimum wage, which wont happen because retards think they need the high minimum to survive

the next crash will hit Australia harder than tyrone hits your wife

>>10603202
Buy panic, sell hype, all the issues in illinois are caused by madigan being a nigger, its a sellers market, everyone is panic selling because the home tax is through the roof, but no one is going to vote for a madigan proxy, and all someone has to do to fix illinois is amend the part of the illinois constitution that says that pensions need to be paid

>I said I paid 139,000 to feel rich
>really it just sold for that a few years back
>Actually bought for 69,000

>>10603204
which is why I'm trying to gtfo out of this avocado republic before it goes rancid

>>10603204
rising interest rates i am talking about, which we must face at some point although we can pay to delay. i bring up wages at the same time because immigration has always been harped on as the upward pressure on home prices.

the situation being nothing to worry about your home will be worth what you borrowed for it, it will just become more and more difficult for you to pay for.

>>10603228
where would you go, anon?

>>10603278
>>10603278
Difficult for you, the boomer to pay for, impossible for bob, the average man, to pay for

stagnation leads to a downtrend, which leads to investor panic, which leads to a crash

>>10603296
NZ is fairly easy to move to, hell most places are if you have an education, everyone should get out before things go to shit, hell I did

>>10603306
30yo boomer caught between difficult and impossible. Stagnation didn't start it, the brick fucking wall of people running out of money / leverage was hit. As it continues to fall 'investors' will opt out for any of the usual reasons, the worse it gets the more are literally forced out.

>>10603629
Yeah, its why I left, buy low sell high, I bought in a place trump is making YUUUUUGE, and when australia becomes venizuela, I will probably move back

>>10603517
nz has the same housing problem as australia u dumb fuck

>>10603647
Yours is a less expensive problem

Bump

>>10602990
There are houses like that in Australia ya prick

>>10604292
its a 7 bedroom home for 69,000 dollars, with nothing wrong with it, in a reasonable if not good area. 10 minutes from a major city

where in Australia do homes like that exist right now?