/biz/ - Business & Finance

>>17655085
hopefully...

>>17655085
Housing should be the least of your concerns right now. For example. I am considering buying a firearm and being able to go mobile if need be. American here, so things may be different for you. But ultimately this could mean a regression of lots of bubbles, supply chains, company solvencies, and back to the living off the land for some people.

yeah mate housing is the bubble that nobody is dicussing yet, but it always follows the stock market into the recession gutter.
the banks are going shit themselves when this happens too because home loans against overpriced houses are most of their balance sheet
enjoy

>>17655145
Ausbro here. Where to buy firearm?

>ASX dumped 15+% in the last 2 weeks
>housing continued to go up
pls implode soon so i can buy a piece of dirt

>>17655085
I hope so mate, have been waiting for this.

>>17655085
praying for the crash

Ausfag here.
We bought our first house last year, had 100k deposit, borrowed around 400k. Pretty stable jobs, Mrs is an ICU nurse so she will always have work if she switches to full time. Anyway, are we fucked? Got 30k in savings and 15k In crypto.
Wat do?

>>17655526
you're likely fucked

>>17655526
short markets, keep slaveing

>>17655145
>housing should be the least of your concerns

dude housing is like most of people's net worth

that should be their biggest concern

to all the aussie cunts in here - what the fuck are you doing in the market? tell me the stock code that'll make me rich I'll drop 15k on it now

>>17655526
Probably not? Worst case scenario you throw it all down on the loan and get it refinanced so you can neet while your fat wife pays it off over the next 30 years.

>>17655085
similar in canada
yes it's going to pop, the boomers have been balancing their debt against their assets (real estate) for decades and they're on the wrong side of the knife. They're going to be forced to liquidate in this market and you're going to see a race to the bottom on housing as boomers try to cash out while they still can.

I expect we'll see as much as a 40 or 50% discount within the next 12 months

>>17655526
>married to Filipino nurse
>works 2 full time jobs
>2 part time home health jobs
>schedule: 12 hrs Neuro trauma, 30 min nap, 5 hrs home health, come home and sleep for 5 hrs every day
>me: stay at home all day and play vidya

Am I gonna make it?

>>17655698
You've already made it bro. Have you had any kids yet? Mines got blue eyes and blonde hair, adorable.

Boomers on suicide watch

>>17655721
still in honeymoon phase bruh. She give me that vag all day when she doesn’t work or I let her not work. I literally just grab the pussy and she purrs. Or else I toss her ass to the curb and report her to immigration. Lol

>>17655085
Nothing is going to happen
>All of those anime shows
>All of those zombie apocalypse movies
>All of that smug millenial wannabe dabbing on boomers

None of that is going to happen. None of your fantasies in your derranged head are coming true.

>>17655944
not him but markets are crashing right now

>>17655944
oil prices are at a 30 year low, the 10 year US treasurey bond is down 30%+, markets falling fast, and going to get even worse at open in the morning

>>17655944
>i-it's not gonna be like my cartoon zombie shows s-say sorry!!!!!
lmao pathetic brainlet

>>17655960
"Crashing"

Sure bud, how new are you? This is nothing.

>>17655698
That’s what she tells you right?

>>17655274
rebel sport

>>17655085
>does this mean the housing bubble is gonna pop?
No. Not necessarily.

Actually, if anything, you may find housing prices surge after this. There are a few factors at play here. For starters, real estate is often seen as a safe haven in times of market uncertainty. During market exodus, people tend to dump money into real estate instead, pushing up prices. This is further exacerbated by constricted supply during recession as developers and construction companies shrink or fold altogether. Secondly, a market crash and impending recession will encourage the RBA to further cut rates or possibly even move to negative interest rates to stimulate borrowing, which makes for incredibly cheap credit - people who already have a mortgage now pay even less, and working professionals who make a half decent salary can borrow more to buy a house.

For the record, I'm incredibly bullish on Sydney and Melbourne property despite the current state of the market. Expecting the Sydney median to be approach around the 1.3M mark by the end of the year.

>>17655632
yeah our ankles got clipped the chance we got to actually diversify our economy at the start of teh decade so everybody over 30 owning a house and getting hundreds of thousands of spending money artificially is all the meme service economy is at this point

>>17656165
hope you are right fren

>>17655085
You bet it does .. no boomer will spend a cent and the Chinks are gone!

>>17656165
Spot on assessment I'd say.

>>17656249
You do you, as a 24 year old that's never had any help from the 'rents and would like to eventually buy a house, I'm really kinda hoping I'm NOT right. But I wouldn't expect anything less, really.

No question about it, the current state of affairs for anyone who doesn't own a home is beyond fucked unless you're a doctor or very high earning professional. Buuuuut... for the people who are already in the market, it's really good. When you realise that, you can see why the current Aus government is hell bent in propping up the housing market at the cost of all else.

>>17656165
Found the Negative Equity guide. Im sorry if you bought recently. If youre a Boomer you can go get fucked

>>17655085
one trillion gone by EOW.

>>17656363
As long as my super isn't included in those estimates.

>>17656317
oh yeah it has to go eventually and lots of people want it to happen but it'll take the entire rest of the economy down with it kicking and screaming

>>17656482
I really hope the housing market crashes hard along with everything else, so that I can finally buy a house.

>>17656599
Fuck me imagine if we get a recession but housing stays up and then a few years later it crashes and we have another one and by the end of the decade are just fucking Spain and by the end of the century Argentina

>>17656662
A recession without any drop in the housing market will only further divide the growing inequality between the aging middle class and the younger generation with no help from their parents. Buying a house will be completely out of reach for most people unless they get help from their parents.

>>17656599
>I really hope the housing market crashes hard along with everything else, so that I can finally buy a house.
same
>mfw i see a shitbox shack sell for 1.2M AUD in my city

>>17656714
The best is when boomers say
>back in my day we had to pay 17% interest. You younglings have it so easy.

>>17656722
or when they can't grasp the concept that it takes months to get any job now

CRAWLING IN MY SKIN

>>17655232
This. It's what I've been waiting for. If you check housing prices in the past they always sank when a recession hit.

>>17656722
>oh silly anon, give a firm handshake, work 3 jobs to pay rent and maybe, just maybe, i'll cosign on a homeloan you'll spend the rest of your life paying back
>worked for me *cough*

>>17656714
How is that justified, you guys have whole continent to built houses and its sunny 24/7 so no need for expensive insulations even. I paid 200k€ for 3 bedroom house in northern europe.

>>17656843
Essentially the supply of new housing is tightly controlled and manipulated, especially multi-story apartments in cities, to maintain the bubble.

>>17655085
Bullish for Nervos.

>>17655632
Doesn't matter much if it drops 40% and things go south. I called this out about a month or so ago. I said 20-40% over the next 3-8 years is a likelihood. People are stretched to their gonads in debt, wages are stagnant but debt spending is up. Here are the sources.
Debt to income:
https://www.federalreserve.gov/econres/notes/feds-notes/household-debt-to-income-ratios-in-the-enhanced-financial-accounts-20180109.htm
Wage growth:https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
Who's supporting the country (see aggregate amount):
https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2018

People are being forced to work more hours now to get ahead, inflation continues, as does consumer debt to equity ratio. Meaning people are generally just taking on more risk to get by now than they did in past times. It's a slippery slope and all sorts of markets being inflated, birthrates dropping, and so on, means we were headed for an outright contraction soon. I am not so sure we can factor in GDP here as well considering conflicts of interests by it's publishers.

We can expect more immigrants to be imported to keep government income up, less wages to be given out due to a multitude of factors, and debt/risk delinquincies to rise over the next 3-8 years as well.

This isn't it, this is just the beginning of dumb people trusting a fiat currency and trading the short term for long term. I've spent numerous hours on this subject and have and am continuing studies in statistics, human behavioral patterns, relative maths, finance, economics, accounting, and so on.

Will we realistically go back to the stone age? No. So, what are the outcomes. Economic slavery of the producing classes, culture degradation, corruption, and a multitude of other issues. No signs point to the future being very good economically.

>>17655274
selim at the south central traino.

>>17655294
I hope your savings aren't in AUD. Worthless in 5-6 months. Screencap this.

>>17657179
Shut up you absolute spastic. You know nothing of the real world.

>>17657099
And the bad news?

>>17655085
yes, you socialists are going to eat like your venezuelan friends soon

>>17657290
found the anon with all his savings in AUD

>>17657482
Rental properties are no good when your tenants destroy the place.

>>17657560
By tenants you mean slaves right?

>>17657290
>imagine holding significant wealth in aud when 30% of the economy is exports to china (the second largest sector is service industry) and they're gonna make 10k cash transactions criminal locking you into daily withdrawal limits, inflation, negative interest rates and the countries gold is in the bank of england unaccounted for

>>17657593
Expect repercussion. Your ego blinds you.

>>17657644
I like you.
I will put you in charge of feeding my slaves.

God i hope so
I can't wait to see all those smug boomers lose their entire retirement and start sperging out
Not to mention their super

>>17655526
If you've got a stable income you'll be fine, but don't expect the value of your house to be going up any time in the near future

>>17657560
Lol, There's no way these boomers in control are going to put a dent in their investments, you actually think they are going to give you a chance at buying into the market? Don't be naive. Also its easy to find good tenants, it just requires an ability to read people, specifically people from different demographics from the area that you are renting, also where they are from.

>>17657778
Boomers aren't the only ones with rental properties.... C'mon dude. Your accounting skills need work.

>>17657817
Lmao dude the rental market is fucked, you're in serious denial here

>>17657848
For renters it’s fucked.
Us landlords are living the dream. My properties are seeing 6% quarterly increases in prices.

>>17657999
Gee, maybe there's a correlation between rental payments and mortgage delinquincies, loss of income, etc. Hmmmm.. Typical landlord.

>>17656843
>>17656871
We're a highly urbanised population; most Australians live in a city of a million or more people. Rural housing is cheap as fuck, but there are no jobs or services out there. Everyone wants (and needs) to live in a city, which is why our housing prices are so high and keep going up.

>>17658183
>mortgage delinquencies, loss of income

These are far few in between.

>>17655085
nigger lol. china is fucking dying. you are about to have a housing fucking apocalyse followed by mining followed by your entire fucking gdp collapsing

oh fuck i just remembered your entire service economy is dependent on working holiday and foreign work permits. bananas are going back to hurricane fucking larry prices

>>17658388
and then we neets inherit the earth right?

i got about 70k in the bank. 15k in shares. probably like 20-30k in guitars and shit (lol)

the 250k government bank guarantee is a guarantee... right?

>>17657527
>>17657611

Im holding all my wealth in ChainLink faggot. COPE harder.

>>17658438
>agrees
do you know what cope means?

>>17658431
>the 250k government bank guarantee is a guarantee... right?
Technically yes but practically no.

a) the government doesn't have any money set aside to cover this scheme
b) the government has to activate the scheme first in order for it to apply
c) the government may just let the banks use bail-in to steal your deposits instead
d) if the bank goes under the government takes priority in getting what it's owed before worrying about depositors

>>17658431
Yes but the main concern is hyperinflation. I have no idea how fast that will happen but I’m scared it will be fast.

>>17657179
where do you hold your savings

>>17658471
Sorry dude didn't read your post properly...spastic alert.

>>17658534
precious metals and Bitcoin (BSV)

i’m wageslaving at tomato farm and things are busy as fuck. tell me i’ll be alright

>>17658542
based

>>17658711
North Queensland?

>>17655085
Bought gold, don't care. Going to trade my bar for a house in Toorak. Bring it on mothafuckas! You were warned. You chose stupidity.

>>17658763
victoria

>>17655085
>spaniel hair

>>17658480
where the fuck do I put my money then? under the mattress? i doubt the bank would even let me take out 70k all at once. maybe 10k at a time

>>17658853
>where the fuck do I put my money then?
LINK

>>17658890
you forgot this: >

>>17658825
I still may be able to help cut ya living costs to Near nil are you working round tatura way ? Uncle ang owns gilleston fresh down that way ( about 12 Italian families uniroically run the Australia wide tomato mafia haha)

>oil prices will continue to go down
lmao

>>17658945
an oil price under $20 would be good.

Fuck the 1%

>>17658945
Oil was more expensive per barrel in the 80s then it is today and fuel was 40 to 50 c per litre until the 90s

>>17658534
Velcro wallet I got from dream world.

>>17659149
Is the velcro still clean? Or is it full of hair and other shit?

>>17655085
Lol fuck no

if it was ever going to pop it would have by now, the problem is that the government can't run our economy properly so the price of housing is too far out of reach of the youth that can't afford anything more than a shitty rental with their centrelink benefits.

>>17659149
lmao thanks for the laughs this thread mate, stay safe in the coming collapse