/biz/ - Business & Finance

>>12698914
Retail sales are collapsing due to the negative wealth effect.

good, let it all burn. My magical internet money is much better anyway.

>>12698914
>"In 2016, a household would have been approved for a $1.15 million loan but would now only be able to borrow $620,000"

https://www.afr.com/business/banking-and-finance/credit-crunch-to-trigger-worst-housing-downturn-since-1890-endeavour-20190130-h1an43

Real property price falls across the country due to the constraint on lending brought about by APRA

>>12698924
We're all gonna make it.

See Sydneys regions, this data is actually more generous than reality as it's an average of the past 12 months rather than the current prices.

What this means is prices are measured so that if a property sold for $0 today, it'd still be counted as selling for $500,000 if a neighbouring property sold for $1,000,000 11 months ago. One of the unspoken and not understood truths about property valuations.

https://www.news.com.au/finance/real-estate/buying/why-chinese-buyers-are-winning-at-auctions/news-story/0c4698c9359da405abe09fe7df19cb53

>CHINESE buyers are increasingly beating locals to the punch at auctions — and it’s not just because they have more cash to throw around, according to one leading auctioneer.

llol

>>12699380
August 2016. Simpler times

Good, maybe I will be able to move there in a year.

>have no money to buy discounted houses eventually

JUST

>>12698914
Hopefully Canada is next

>looks at domain's rent map
>Literally 1000s of vacant properties begging for renters in Sydney
>10000s of thousands more just sitting vacant
>In high rises only 1/5 of the windows light up

The absolute state of Sydney's housing market. Margin call is coming, can't wait until boomers are forced to sell and I won't have to pay $600 a week for a 1 bedroom near work.

Fuck Aussie boomers. Most entitled, spoiled, stuck up generation of brats in history. Nobody had it easier before or since.

>>12699617
They laughed at us when we said property prices logically cannot continue to rise without wage growth.

Well, I have to say, they're not laughing anymore.

Also something to keep you warm at night: Because prices of properties became 12x median income, and thus unaffordable for almost every first home buyer, there is a very strong chance most buyers in the peak were already cashed up, or using equity from prior purchases, and aren't battlers who struggled to scrimp and save a deposit, because regular people couldn't save that much even if you gave them 10 years to do so.

>>12698914
>live in Brunswick Vic
>house near me sold for $790k in May 2017
>for sale in October 2018: $800k
>was expecting it was going to be more like $950k
>not even a single taker
>on market ever since
>now down to $650,000
>still sitting on the market

>>12699650
Marrickville NSW
https://www.realestate.com.au/property/unit-3-11-13-woodcourt-st-marrickville-nsw-2204?pid=p4ep-pdp|sold-pdp:property-history-cta#timeline

>Sold 2015 $595,000
>Sold 2018 $600,000

Inflation: Total change in cost is 5.2 per cent, over 3 years, at an average annual inflation rate of 1.7 per cent.

Therefore: $595,000 is $626,083.12 in 2018.
Therefore: Sold for a real loss of $26,083.12 plus conveyancing, marketing.

Real loss of ~$60,000 or ~-11%.

How to make money when (as) the housing market crashes?

>>12699598
Yes please

>>12699697
That’s a good question. Unless you had a moonrun in crypto or a stable job with good credit score or existing home equity, you are fucked even if prices tank 30-40%. Lending will be even more tough going much beyond of what is mandated by royal commission. And no one should buy an house full cash unless you can’t find return beyond 5%.

If you read this and understand this you'll laugh

Arrears rising

>>12698914
w-whats the contagion risk for americans?

>>12699761
Minimal unless you live in a Chinese colony like Vancouver or Irvine

>>12699761
Basically nil. We're an irrelevant economy unless you're invested in us directly, like a more stable EM.

>>12699729
Maybe there are some peripheral business activities that could be done? I don't have the capital to buy property.

>>12699730
What's the funny part, that the oversight organisation wasn't even watching?

>>12699785
Did you see the articles about a billion of so dollars being pumped into the Vancouver housing market via drug money?

I would bet money if I could that the same thing is happening here in Australia in major cities

>>12698914
They peaked here in Canada too. My family has 400k waiting for some carnage. Hopefully SHTF.

>>12699978

if you just adjust for inflation from the 1970's houses that are going for like 700k should really only be worth 2-300k at the most, gives an idea of what a good entry is anyway should prices come down that far.

>>12699826
may as well give up having cash in the bank

you can make far superior returns running masternodes

>>12700119
comparing 1970 toronto to today toronto is not the same. Montreal was huge back in the 60's/70's and was the center of business and commerce until the french fucked it up. Toronto has taken that role. And immigration is fucking huge in Canada and everyone is retarded thinking it's great. They are letting in 600k+ people per year and most are heading straight to the cities because immigrants cant survive outside of their enclaves. I would estimate the price of a 700k detached home to be around 400k in the Toronto area and a 700k home in the suburbs to be around 200-300k. Prices in the suburbs are already dropping hard.

>>12698914
>coming out in 4 hours from now!
is there a live stream?

my parents bought several houses in 1999, are they fucked? they literally live off the rent from that

>>12700219
they should probably sell them before they lose more value and live off the profit?

>>12700227
they dont want to sell tho cause rent is staying the same

>>12700234
rents go down when houses become more affordable again

>>12700195
City / Auctions / Clearance Rate

Brisbane / 64 / 21%
Adelaide / 56 / 52%
Canberra / 39 / 52%
Sydney / 295 / 57%
Melbourbe / 300 / 55&

>>12700290
source?

>>12700310
https://www.domain.com.au/auction-results/sydney/?utm_source=auctionresults

>>12700290
https://twitter.com/ShaneOliverAMP/status/1094145163046281216

The February bulltrap. Last 8 years has given clearance rates a +10% boost in Syd and +8% boost in Melb

Expect to read in Domain why the market is BACK and RECOVERED TOTALLY

>>12698914
this thread again

it never happens

>>12699761
Haha. What's happening in Australia is just a symptom of something far larger that we are all affected by but is currently going unnoticed by the majority.

This is a really good article about the Australian situation. Apparently chinks were buying Australian houses with loans using fake bank statements, and then remorgaging those houses after they appreciated to buy even more houses, etc.

https://medium.com/@matt_11659/matt-barrie-australias-economy-is-a-house-of-cards-6877adb3fb2f

>>12699617
>In high rises only 1/5 of the windows light up
I notice this also, what's up with that? Almost every modern "apartment"/flats off the plan buyers? something isn't right

>>12700411
That went viral on linkedin and redpilled a tonne of upper middle class people. Most of the retards who think they're savvy property investors aren't on linkedin or capable of reading more than a few paragraphs. Great article though.

>>12700412
Read the article. They are "investment" homes. Chinks do this for some reason.

>>12700412
Two reasons I can think of
>Rich chinks parking their wealth in foreign real-estate who don't care about rent. Similar to China's domestic ghost city crisis. May infact be money illegally obtained or funneled out of China.
And
>Property developers holding stock because they refuse to sell for a lower price and want to maintain their price fixing. Eventually they will go bankrupt and will be forced to offload for cheaper.

Either way it's fucked. Appartment oversupply should have a cooling effect on the market.

>>12700434
Their sharemarket is so volatile they thought anglosphere property would be a better investment.

SO FUCKING IRONICALLY they entered stable markets and kept overbidding for everything it quickly frothed and bubbled, and once the capital controls were forced on them, their investments crashed.

They literally out of stupid greed and absolutely zero foresight turned a stable asset class into a bubble. It's so fucking funny but nobody understands it

>>12700476
>Want a safe investment
>Choose an asset
>Continue to buy this safe stable asset until it's overpriced
>Continue to buy this overpriced asset because you're just following what everyone else was doing
>You've managed to turn a previously stable safe asset investment into something that's depreciating

well done china, well done, however...

>>12700476
It would be more funny if it wasnt so serious. This is a big problem dude. Its not just australia. China has entire cities like this. Entire cities that are nothing but investment housing. There is over 120 of these cities by last count. Canadas housing market is fucked too. Its a sizeable chunk of the world at this point. This might literally be the biggest bubble in all of human history.

>>12699683
>Real loss of ~$60,000 or ~-11%.
Yes but suppose a rental yeld of 8% you have to add another 144k aud
Real gainz: 84k, around 4% a year

>>12700583
why would you assume every house that exists is being rented out?

if its an IP you need to remove land tax, property management, maintenance, then remove the income tax paid

my gay boomer parents and their gay boomer investment properties can suck it, I'm finally gonna be able to buy a house

I have around 250k sitting in the bank, what should i do if they ever announce a recession

>>12700661

Refresh the catalog and masturbate.

>>12700661
Dont tell anyone so they dont come to you for a loan when theyre rejected by the banks

white boy, make house market go up. me need to buy your home so my famari can take your job.

I'm turning 30 tomorrow.

There is NO CHANCE of ever owning a free standing house, shit not even a huge one, like just a large cosy cottage of stone and wood with trees and small yard.

If they can get that and create an apartment, sure I'll rent it. But I refuse to be cucked by greedy Boomers and buy their jenga-tier shit boxes stacked on each of each other, or some shack that should be $300k at most but they're pumping it to $750k.

Fucking Tasmania is fucked.

>>12700679
I do that anyway

>>12700680
I live super frugally, friends think im living in poverty

>>12700710
>I live super frugally, friends think im living in poverty

iktfb. i pretend rent is so hard that i cant spend any money.

>>12698914
Looks like chinese demand drying up

>>12700708
all these shitboxes in the sky are wage cages for retired boomers. no stairs, elevators everywhere, no maintaining lawns, they get to sperg out in strata meetings.

>>12700732
>they get to sperg out in strata meetings.

https://www.baka.com.au/politics/federal/this-is-a-sham-chaotic-scenes-as-man-ejected-from-tim-wilson-s-franking-credits-inquiry-20190208-p50wil.html

>>12700732
3 options
1.They let housing drop in the ass
2.They devalue the dollar to .40cents
3. Or they keep this rockshow going

Do I short the banks or do I short Aud?
How can we biztards profit off the boomer?

>>12700793
Annnnnnnd it's gone

>>12700828
Theyll crash the currency and itll rebound because it's the most basic economy ever

>AUD Cheap: China loads up on iron
>Demand increases AUD
>China says fuck off we'll wait until you collapse again

But given APRA has cut borrowing by 40% or so for most borrowers, you still won't be able to save the market.

The only thing that'll save the market is China allowing Chinese to buy up all the property again, but China doesn't want capital outflows because it wants people to spend within their economy. Stimulating an economy and letting all the money go overseas doesn't lead to any stimulation.

>>12700833
>>12700793
https://www.Smh.com.au/politics/federal/this-is-a-sham-chaotic-scenes-as-man-ejected-from-tim-wilson-s-franking-credits-inquiry-20190208-p50wil.html

>>12700793
Okay so, s m h is turned in to baka.
Nice. Thanks Hiro.

>>12700833
>https://www.s-m-h.com.au/politics/federal/this-is-a-sham-chaotic-scenes-as-man-ejected-from-tim-wilson-s-franking-credits-inquiry-20190208-p50wil.html

delete the '-' between the 's' and 'm' and 'h'.

China doesn’t want their money in China so they are buying property here (Aus). They just send kids to uni and then buy them a house. Half the houses and apartments they buy are empty or they racially profile your rental application if your name isn’t Xian Xiang. Melbourne property developers are even doing deals with the Chinese now to move some of their dud properties. Chinaustralia is fucked

>>12698914
Oi mate just a nomal market girrection is all nuffin ti get your knickers in a twist about, now throw another couple shimp on the barrbie

>>12700860
So I guess the best bet is to invest in USD. Then buy the dip of mining companies

>>12700981
Fuck I hate this aussie culture of 'she'll be right mate" cause it will not be right mate.
Aussies go to festivals to get "fucked up" while they are being raped by the goverment. It's not the Chinese fault for us aussies being weak

>>12700616
>why would you assume every house that exists is being rented out?
why do you deal in >>>EVERY HOUSE THAT EXISTS <<< ultimate assumptions whenot he never said that
Bc it fits your narrative
I used to enjoy your threads Bc they're backed with sourced info, but your ego bubble is starting to surpass Australian housing

would be first home buyer in Perth here
how far do we have to fall still? my estimates are 50% of current prices for east coast but I don't know how much more we have for us already screwed by a smaller resources demand on the west coast

>>12700947
>>12700947
>They just send kids to uni and then buy them a house
Thats exactly why current plan for me is to try to get with one of the chinese girls at uni this year.

>>12701072
If hes assuming without any evidence that house is rented out I dont see why he wouldnt assume every house is rented out without any evidence

>>12700514
This. Fortunately all /biz/ anons have been aware of this for some time, and hopefully didn't lose so much flipping shitcoins they won't be able to buy the panic selling boomers bags after the red dildos hit them.

So how do I fucking short it

>>12700290
>Sydney / 295 / 57%

this week:
136 sold at a median of 1.090 mil

Same week last year:
250 sold at median of 1.380 mil

>>12701014
We're called the lucky country and we really are but the lucks starting to run out and we can only coast along so much.

SAy housing world wide crashes.
What happens?
The banks get bailed out AGAIN and shitcunts who wrecked it all just get small fines and off they go.
Meanwhile we'll have hoards of people who have been JUST'd and, I mean fuck what then? What 'jobs' will be fucking left that pay a livable income?

>>12701099
Finally, some actual investment advice

>>12701099
They have no tits though.
I need G cups to be satisfied desu

>>12701466
>G cups
absolutely patrician

>>12701486
Thanks fren :^)
Shame they're rare. I don't mind a bit of chubb, but one of these days I'd like just to have a lithe G cup chicky bouncing on my waist as I suck her tiddies, y'know?
Any tips for getting milk trucks?

>>12701531
I know exactly what you mean breh. I only had 1 girl with natural G cups. She was short and thick but not fat, just a really big titted greek chick.

Then she had a breast reduction, got married, had a kid. It's so sad.

>>12701310
Not this time friendo. This time it will be a glorious socialist bailout for the people, along with the associated inflation. We're all gonna make it!

>>12701543
>Then she had a breast reduction
The worst. I knew a gal who grew from an F to an H cup. Sadly we never 'clicked' and she moved away so it was like "Damn", missed chance.
Then she got a breast reduction to a C cup and I can understand why, but like it was pretty sad.

That's what I hate most I think, I just 'auto walk' away from busty girls. Like during shopping or out wandering I want to just go up and say "Hi" or even other benign stuff. I'm not a chad or Alpha, but still I try to be confident but I still freeze or keep walking then feel shitty the rest of the day.

>>12701556
>This time it will be a glorious socialist bailout for the people, along with the associated inflation. We're all gonna make it!
Here's hoping. Shame we won't be able to string up the culprits, but such is life.
I look forward to the counter Boomer argument of "Well we had inflation of X%!" because then we could just go "Uh huh, so did we. What? Too old to 'boot strap' yourself?"

>>12701088
I work for a mining giant in WA. We just got approved for billions of dollars of CAPEX and are ramping up for mining boom 2.0.

Perth is about to moon. RIP anyone who isn’t buying now.

>>12698914
>More than 100% up in 5 years.
Let it all burn to the ground

>>12701689
>mining boom 2.0.
And watch as most of that money disappears out of Australia.

Fuck these massive corporations with a rusty dildo.

>>12701719
Who cares where the money flows. Just know that thousands of workers and there families will be flocking into Perth within the next 18 months to begin their newly created FIFO career.

The coming commodiest and houseing boom for WA is approaching VERY quickly.

>>12701742
>Who cares where the money flows.
Surely you jest?

>>12701762
Ok m8

>>12701772
Could fuck your wife and you wouldn't care. You're the problem with Australia you fucking dog cunt

>>12700411
>In literally a “WTF Chart of the Day” on September 11, 2017, it was reported that the central bank of Japan now holds 75% of all ETFs. No, not ‘owns units in three out of four ETFs’—the Bank of Japan now owns three quarters of all assets by market value in all Japanese exchange traded funds.

How do I short this?

>>12699598
Already happening

>>12701826
Good. Worldwide housing needs to fall another 50% to be worth buying again.

>>12701826
Canada Property Bubble Bursting brother thread? I'd be interested in reading your data

>>12701838
How long until Judge Dredd level Housing Blocks?

We should have never let chinks become wealthy. They are poison. They're shitposting economically is why a run down studio apartment in central London is £1,200 a month.

>>12701898
We just need nationalists to ask why other countries people can profit off the country that the taxpayers create and maintain

Even globalist millenials appreciate they get robbed when they rent from soneone who lives overseas, pays fuckall tax, and gets to enjoy the benefits of the society created off the tax of the millenial renter

>>12701898
As they say, New Rich Peasants.

https://www.youtube.com/watch?v=vRSdiq3sOTc

>>12702048
lmao
Notice how they're all butthurt slumlords?
>Boomer's tenant moved out of """luxury""" appartment Boomer spent $800k on on, his life savings
>another balding douche whinging, probably only 29 and looks 35
>Dumb chick who forked out 100k THEN GOT 500K LOAN
Please crash, I've just got to see the speculative cunts crying in the streets after effectively gambling.
800k for a very average 'modern' sky box, wholly crap.

>>12701884
Give trudeau another 4 years of "refugees welcome" and we will have no choice but to go with Rico's plan to clone judges faster than we lose them in blockwars.

>>12701840
https://www.vancourier.com/real-estate/how-much-have-metro-vancouver-homes-dropped-in-value-infographics-1.23625395

http://www.rbc.com/newsroom/news/2018/20180928-q3-housing-afford.html

Van and Toronto are done. I was offered an engineering job in Vancouver 2 years ago and the rate was less than what I was paid in Alberta during a recession.

House prices for similar sized home with 1 hour commute to downtown was almost 2x the price than in Calgary with a 30 min commute to the core.

The wages can't support these price levels. Once the chinese money laundering goes away vancouver and Toronto prices are going down 30% min

>>12702371
Burn it all to the fucking ground. I will be buying a house on the dip but all these berta boomers refuse to budge on their prices kek.

Another round of interest hikes and I am going to lowball the fuck of out some desperate oilfag who overpaid for his cuckmansion.

>>12702411
Prices won't budge because alberta house prices are still in line with wages and rent. Unless you have cash buying the dip in berta will come with hefty interest rates. The oil industry won't get much worse than it currently is unless the NDP manage to hold on for another 4 years

>>12702500

>>12702500
Alberta Sask and Man city's all reasonably affordable still based on last 20 years. Van and Tor are fucked.

Probably deserves its own thread desu

bump for interest

>>12702562
>winter for 8 months out of 12
>-30 weather for half of the year
>$600k for an average house and $400k for 1bed/1bath apartment is reasonable
k

>>12702876
What's your point? People are still moving to Alberta and the geography and climate haven't changed in 100s of years? There are still jobs even though still in a slow recovery. And those jobs provide wages that keep housing costs around 40% which is typical over the last 20 years Vs Van and Toronto affordability is over 80-120% of average household salary to average house price. I own 6 properties in alberta and all cashflow with current rents and I wouldn't sell them at current market rates becuase the cash flow is worth more than the capital gains

>>12703019
The point is it's not a good place if you enjoy being outdoors and is very taxing on your health.

>>12703019
>6 properties in alberta
I hope they're all paid out. If not, then it's going to be a big yikes after the rates get hiked a few more times.

I already live in parents home. I'd rather put my savings in the stock market than in a home right now . Let the housing market crash and then maybe I'd consider buying. Not right now when houses are still going for a million usd

Prepare for the great noodle nigger invasion of 2019, ausfags. China is going to buy your whole continent at the bottom.

The only politically viable solution is to print truckloads of money to reinflate tanking asset prices.

Like pottery. Hoping it reinflates my shitcoin bags.

>>12703065
45 min drive to banff national park is terrible for loving the outdoors... the cope

Interest rates go up.
Affordability goes down.
Volume of renters goes up
Rent goes up.
Cashflow hopefully stays neutral
Long term hold I should be able to weather it.

As long as there are jobs... and people moving to Alberta.

>>12698914
It'll rebound on the international market rebound. Get worried when subprime mortgages start getting dumped in the US again

>>12703402
Japan 80's - early 90's. Read up on it. It's all the same.

>>12701898
Chinks do indeed ruin everything. What pisses me off is that we get sold out by our own governments: China actually enforcing capital controls means that the Chinese government is doing more to enable affordable housing in Canada/Aus/NZ than our own governments. What a time to be alive!

Quality thread

>>12703889
Yea that's where Van and Toronto are at right now.

What do you suggest would be better? Sell them all and sit on 1,000,000 cash while it inflates away. Put in in stocks at all time highs that will also collapse with high interest rates? Put it all in bitcorn.

Or keep collecting $7000 per month cash flow and risk getting $0 per month cash flow if mortgage rates double and rents half?

>>12704511
Here's a free lesson.

Buy 400k detached 3 bed house in Calgary (They Exist). Put in 50k to make the basement a legal suite.

Rent upper 3 bed for 1600, rent lower for 1200.

Cashflow 720/month

>>12704613
Interest rates double from 3.6 to 7.2

Cashflow - 68/month. Assuming rents dont increase. Also not including principle paid down in 5 years when you have to refinance.

>>12704645
The thing is that the entire world is so saturated with debt that central banks can’t realistically raise rates without the whole system melting down. I expect we’ll see negative rates before they let that happen. I don’t want it to be but it do.

>>12698914
>early 30's co-worker recently got married
>brought 3 bedroom home
>mfw brought at peak of the market and started loosing value as soon as he brought it

My co-worker's a great guy who worked his ass off and lived like a beggar for years to save a deposit for the sole purpose of wanting a HOME to live in and raise a family. He has no family, no inheritance or anything else that's going to help him out. He's the opposite of every millennial stereotype that the baby boomers through around.

I want nothing more than to see greedy boomers and foreigners get fucked but if it comes at the price of seeing guys like my co-worker get fucked then I hope it doesn't crash and burn.

>>12704702
Exactly if interest rates for mortgages rise to 7.2 percent in the next few years. The entire country is fucked long term not just real estate.. food, supply chain etc so then its more financial collapse doomsday prepper mentality than oh shit im defaulting on an investment property mortgage mentality.

>>12700385
As usual the best post in a thread on this board of autists goes unnoticed.

It’s relevant to Americans not because it’ll cause americas next downturn, but because it’s happening for the same reasons

>>12704734
Fuck your co-worker. Working with other humans is the absolute gayest fucking thing ever. What I have never understood is why people don't take their fucking shits BEFORE they go to work. I have to walk into 3 of the 4 bathrooms in the fucking building only to smell some other guy's fecal matter. Fuck your co-worker.

>>12702371
Ottawa and Montreal are hearing up. I think that's where at least some of the money is going. Buddy in Ottawa was trying to buy a house and it's crazy stupid rn

watching this because I believe this exact bubble is forming in Brasil.

>>12702048
the chad martin north
the virgin property market

>>12704734
If he's buying it as a home then it doesnt matter what its worth XDDD

some people bought at the top, that's their problem. lots of decent people bought bitcoin at the top, too bad. the market doesn't have to save every retard from making bad decisions.

>>12702048
the whole opal tower thing is hilarious. You'd have to be an A-grade idiot to buy anything newly built (let alone West of the city), all builders and contractors are ethnic dudes majority Muslim. They will throw buildings up within months and people are dumb enough to think they are structurely sound. Buy old AUSTRALIAN built property and renovate
>t. Eastern suburbs Sydneysider

>>12701136
>If hes assuming without any evidence that house is rented out I dont see why he wouldnt assume every house is rented out without any evidence
then you should apply the same fucked logic to your own idea that "I dont see why he wouldnt assume every house is NOT rented out without any evidence

P.S. (AGAIN) stop bumping your own thread from literally this morning
there's a reason it's not on Page 1
your incessant egotistical desire to been seen/heard on 4channel is obfuscating our social darwinism

kindly fuck off, at the least SAGE your own fucking posts

>>12706431
>>12706407

t. negative equity

>>12706407
because you can see on websites whether a property has been rented out and this one hasnt you stupid fucking mug

>>12700514
>>12701178

I have no fucking money anons. Fuck

I go to USyd and live 1.5 hours away, hopefully soon I'll be able to afford to move out near the uni. And bang some easy international chinks

>>12699826
Short the market nigger go on plus500 and short construction, the S&P...

https://twitter.com/adamseconomics/status/1094371025762959360

John Adams is /ourguy/

>>12699380
This is well before any shit hit the fan. As a regurgitating journalist you are "old news".

>>12706431
Go fuck yourself cunt, housing crash ausanon is based.

>>12699635
HEADS UP: Pic unrelated

>>12706431
>t. raging boomer

>>12706431
Are you a raging boomer? Because you sound like a raging boomer. I have bad news for you, raging boomer: the value of your property is only going down.

>>12704613

Just LOL....... Tying up $90k to make $720 a month. You can make $720 a month only tying up $5k in other ways.

The absolute state of real estate'rs.

>>12700349
Yeh, OP was on holiday. He is back as hearty as ever.

>>12706953
With little active involvement you can get a cashflow return of 14.5% in a month that isn't a ponzi? Do tell whatever it is and I'll liquidate all my properties tomorrow.

>>12701762
>>12701742
He is the reason this country sucks, who cares! I'll be able to pack my pipe with ice now I have a JOB again!

Morning Aussie cunts,

No matter what happens enjoy the weekend :)

>>12707284
It is more than half over well wisher.

>>12707281
True. The classic
>Fuck you got mine!
Mentality of a bogan. Why aim for something bigger when you can be abbo-rich (we don't have many African Americans here) and have BIG McMansions and jetskis!

Literally thralls who need to be lobotomised to be fucking less-harmful. Who thought giving the drones the right to vote was a good idea?

>>12707309
>>12707281
Can you please explain why an Australian mining company selling dirt overseas and employing people on huge salaries is bad for the Australian economy?

well fuck, i was thinking of moving to Australia.

>>12707374
Those two things aren't the problem, the problem is they are massive tax avoiders and effectively buy-off the 'heart and minds' of their workers and their politicians (because lobbying and shiet) with big-fat pay cheques.

Basically it's a smoke screen. You can't blame people for going for the money, but to say "what does it matter" where the money goes is a huge mistake and only drones don't care.

>https://www.abc.net.au/news/2018-02-14/why-many-big-companies-dont-pay-corporate-tax/9443840
>https://www.abc.net.au/news/2017-12-07/corporate-tax-data-released-by-ato/9236878
>https://www.michaelwest.com.au/companies/tax-dodgers/victoria-power-networks-pty-ltd/

Short term and minimal gain for individual workers at the cost of the entire country and 25 Million citizens.

>>12704613
What app is that mein kneegrow?

>>12700290
>Perth not important

>>12701689
Central Park or Brookfield bruh

I feel so bad for the Chinese real estate investors

>>12707916
Perth stats are so bad

>>12707974
>I feel so bad for the Chinese real estate investors
Don't. Like locusts they'll just move on to the next thing.

>>12702500
One way or another, the oil industry isn't going to exist in ten years anon.

>>12707374
We would be norway levels of rich if it wasn't for these dumb cunts enabling multinationals to rob the country blind.

>>12706431
Bumping for boomer salt

bump 4 good bread

>>12707454
This. It's selling the future to enrich a few fuckers like Gina Reinhardt. If it was being reinvested into expanding the economy in other things it'd be OK - bit instead of being as rich as Saudi, we're getting jewed.

does every fucking kitchen in every fucking new apartment have this same splashback?

>>12709596
i really hate the look of new houses. give me an old house with wooden floorboards any day of the week

What we are witnessing is the hyper-hyperdeflationary petro-collapse also known as a "return to mean" in this case the mean is the paleolithic era

Estimated GDP loss : >99%
Estimated population loss: >99%
Estimated biodiversity loss: >75%

It's over

>>12709615
ive looked at hundreds of new apartments around australia and they all look so similar. its depressing. unless youve got a big private balcony/terrace and huge windows with water views, you're in a cuckshed

In all serious how much liquid cash should I be holding to buy those crushed boomer dreams? I'm holding huge amounts in equities but if the economy shits so will they. Happy to hodl but not without fucking over at least one boomer

Also; I have a m8 that thinks only sydney and melbourne will crash and regional aus will more or less be safe. Thoughts?

>tfw slowly realizing you will never own your own home and wherever you can afford to settle in the future will undoubtedly be very 'diverse'
thanks mom and dad

>>12709686
>Also; I have a m8 that thinks only sydney and melbourne will crash and regional aus will more or less be safe. Thoughts?

theyve only been rising due to the increased money to throw around through equity of syd/melb

read up on the ripple effect

>>12709734

I will do this. Ta

Good quality thread.

Has anyone else noticed the droves of Chinese that come to visit the US- everywhere. Ive never been to China, but i doubt it’s continuous bus loads of Americans going to every tourist stop.

>>12698914
good. all australians must hang

>>12706296
>Repeating himself every day for several years now
Cognitive dissonance and self justification are really disturbing sometimes.

>Even a broken clock is right twice a day

thank god

my first and only gf cheated on me after 3 weeks and went travelling in aus, whole country could go to hell imo

>>12699387
i miss it

>>12709852
That was me kek

>>12709790
You finished talking nonsense retard? We've got data to analyse

>>12700219
They should take some profits, sell one house maybe.
If they rent to wypipo they are good.
People have to live somewhere. Unaffordable houses increase the demand for rent.

>>12700385
>>12700434
How about you post the reasons you cryptic faggots.

>>12710276
the rundown:
https://www.peakprosperity.com/crashcourse

The cost of average house, brainlet analysis :
Average wage 50k
Average savings let's be optimistic and say 15k
30 year Boomer mortgage 15*30 ( I know it's more with interest but now we are considering the current buying price)
...
450k + inflation should be an entry point. Some gamblers may count with their salaries going higher so could be 500-550k.

>>12710349
Use median wage/price, average skews weirdly when you factor in some people are billionaires

>>12709414
>This. It's selling the future to enrich a few fuckers like Gina Reinhardt
Yup.
Trickle Down is a meme.
>why help Australia diversify when you can make it reliant on you?

>>12710362
I'm trying to say people will reconsider taking a mortgage that pays off when they are 85.

>>12710409
They think with inflation and wage growth 500,000 will disappear. They're still living in the 80s and 90s thinking that's the normal.

They don't get it and never will lad

Serious though, do we have a hope?
I don't even want a mansion (unless it's fuckin huge but in the countryside far the fuck away from everyone), I just want a cosy natural material made house.
Y'know, warm bricks and wood.
I can't get a decent payrise even by jumping ship so I'm stuck on $60k at 26, it's fucking pathetic.

>>12707180
>that isn't a ponzi
HAHHAHSAHAHAHAHAAHHA

Seriously though, how do I prepare for this? Get out of the ASX and put it into US stocks?

>>12710626
This is /biz/, put it all in crypto.

Perth has shit the bed. Things are so bad over there and no one is saying anything about it.

House prices are in free fall and theres barely any demand. And by demand, i mean people still cant afford to buy them.

I moved from perth and havent looked back since. That place has NO future. People there are retarded and sleepwalk through life. I hope they all get rekt

>>12710626
>put it into US stocks
seriously this thread is not about buying the top anon, I would just stay in cash for a period

>>12710889
Where'd you move to for better opportunities?

So will this affect US home prices?

>>12707487
Canadian Mortgage App

>>12708379
Oil in general or alberta oilsands?

Due to mad max dysphoria or some miraculous invention that removes the requirement for all combustion engines all petrochemicals.

If 1 I don't give a fuck about investments its survival mode

If 2 what will replace it in not only transport but petro chemicals. Looking forward to these battery powered trans Pacific flights

>>12709990
You were his gf?

>>12707974
They'll walk away free unless the CCP decides to put the blame on the upcoming economic crash on them.