Youtube comments of Biko Konstantinos (@bikokonstantinos8230).

  1. Do you think we're getting gaslit on immigration and housing?
    1000
  2. Do you agree that Australia has broken its social contract with its citizens?
    457
  3. Why does Australia continue pursuing policies that are destroying society?
    404
  4. Is Australia purposely destroying the nation via property?
    381
  5. Do you think Australia's going backwards?
    312
  6. Why is Australia pushing for more censorship?
    276
  7. Do you agree with Matt Barrie that a collapse of the Australian Housing Ponzi is inevitable?
    256
  8. Why is Australia pushing policies that will make the housing crisis even worse?
    225
  9. Do you think Australia is headed towards economic disaster?
    216
  10. Why do you think Canada and Australia are running policies that are destroying their housing markets?
    191
  11. Do you think we're being lied to?
    186
  12. How did Australia go from a country renowned for our sense of mateship and fair go for all - to a complete debacle in just a few decades?
    159
  13. How did Australia get to the point where a dog box in the terrible suburb costs as much as a French Castle?
    147
  14. Has Australia created a new class of slaves?
    141
  15. Do you think Australia's economy (and housing market) is eventually headed towards collapse?
    136
  16. Why do you think Australian polititians go against the people's wishes when it comes to migration levels?
    126
  17. Do you think the golden run could be ending for Australian property investors?
    122
  18. Do you think Australians should be able to vote on the critical issues that are destroying the housing market?
    119
  19. Do you think the Australian Housing Market resembles a Ponzi Scheme?
    113
  20. How and why do you think Australia has ended up in this impossible housing disaster?
    105
  21. Excellent point
    105
  22. Do you think Foreign Ownership of Australian Property should be Banned?
    103
  23. Do you think house price declines will accellerate across Australia?
    103
  24. Will Australia keep pumping this housing ponzi until our society is completely destroyed?
    103
  25. Do you think Australia will keep pumping up the housing bubble?
    103
  26. Do you think older generations truly understand how challenging it is to buy a home in today's market?
    100
  27. Why do you think Australia's major political parties give zero rats about fixing the housing crisis?
    95
  28. Do you agree that the Great Australian Dream of owning your own home has turned into a Nightmare for millions of Australians?
    91
  29. Big question – did I pull off the pink shirt?
    91
  30. How bad does Australia's housing affordability have to get before real action is taken?
    89
  31. Do you think Australians have been sold out on property???
    88
  32. Will the Australian Housing Market ever see a Real Housing Crash (like New Zealand)?
    87
  33. Why do you think we went from having one of the best and most affordable housing markets - to the current disaster?
    86
  34. Do you think Australia and Canada are destroying their housing markets?
    86
  35. Do you agree with my assessment regarding the initial catalyst that screwed the Australian housing market?
    86
  36. Do you agree that Australian policies benefit property owners and abandons non-property owners?
    84
  37. Should Negative Gearing be Overhauled?
    83
  38. Ultra long video this time. If you last to the end, you have my endless love and affection😍😍😍
    82
  39. Do you feel Australian renters, young people, and future generations have been betrayed by the government's policy to purposely inflate house prices?
    77
  40. How have we gone from giving a fair go to all Australians - to now only giving a fair go to "some" Australians?
    70
  41. Will Australian's rise up and demand this broken and unfair housing market be fixed???
    67
  42. Do you agree with my ideas to start fixing the Australian Housing Disaster?
    67
  43. Why do you think the Australian Government is acting against the wishes of most Australians when it comes to immigration levels??? PS. Sorry for the video quality - I accidently used a small video format.
    66
  44. Do you think the major parties really want to improve housing affordability - or are they just gaslighting us?
    66
  45. Should housing tax concessions be reformed in Australia to improve housing opportunities for first home buyers?
    64
  46. Can the Australian Housing Crisis get any worse?
    63
  47. Will New Zealand house prices continue falling? Will Australian house prices continue defying gravity?
    61
  48. What's the better solution - building more houses or reducing migration?
    60
  49. Do you agree with my assessment of the policies that have destroyed the Australian Housing Market?
    60
  50. Do you think the Party's Over for Australian Property Investors?
    56
  51. Okay, so my question about immigration was shown on Q+A which aired on 24 February 2025. What do you think about the PM's response?
    53
  52. Do you agree with Matt Barrie that the Australian Housing Market is in the final desperate stages of a Giant Ponzi Scheme???
    53
  53. Could the Canadian and Australian Housing Bubbles Finally be about to Burst?
    46
  54. How has Australia destroyed its housing market so badly, that we're now being globally shamed???
    46
  55. Why do you think New Zealand housing is a buyers market while Australian housing is a nightmare for buyers?
    44
  56. Do you think the Australian Housing Crisis can get Worse?
    43
  57. It's tragic and a betrayal
    43
  58. Is the Canadian and Australian Housing Crisis heading towards civil unrest and the breakdown of society?
    42
  59. Australia was supposed to leave no one behind - but sadly that's precisely what's been happening. πŸ™β€οΈ@clarehennessey3653
    42
  60. Do you think the Australian Dream of home ownership has officially died for those who won't inherit property wealth?
    42
  61. Do you think there's a global plan to forever lock people out of the housing market?
    41
  62. Do you agree with my assessments of the RBA's colossal failures and their consequences?
    41
  63. Do you think Australian house prices have reached a tipping point which will see house price start to decline?
    38
  64. Do you think there's any chance of saving the Australian Housing Market?
    36
  65. Do you think Australian House Prices will fall in 2024?
    33
  66. Is the New Zealand housing market weakness a warning of lower house prices for Australia?
    31
  67. Do you think interest rates will stay higher for longer in Australia and cause house prices to fall?
    30
  68. πŸ’―@musclecactus5183 - house prices will get to 50 times the average income and people will still say "they just need to make sacrifices like I did"
    30
  69. Has Australia turned it back on Renters???
    29
  70. Get 4 months extra on a 2 year plan, plus up to 10 GB Saily esim data here: https://nordvpn.com/biko. It’s risk free with Nord’s 30 day money-back guarantee!
    29
  71. Spot on @trevor6513, previously it was much easier to bounce back from a major setback like a divorce. Now, It's gotten shockingly difficult. πŸ™β€οΈ
    28
  72. Is RBA Governor Phil Lowe completely out of touch with the reality of the current Australian housing crisis?
    28
  73. Are Australia and Canada being smart by increasing immigration to record levels while we're in the middle of a housing crisis?
    28
  74. THe crazy thing is that many people who own expensive houses could not afford them if they were trying to buy them today.
    27
  75. Figures released Thursday by the Bureau of Statistics revealed 125,410 permanent and long-term arrivals landed in Australia in January, the highest on record.15 Mar 2024
    27
  76. Why is Australia flooding the country with record immigration levels when we're in the middle of the worst Housing Crisis of our lifetimes?
    26
  77. Do you think home buyers should buy now, or wait until house prices decline or even crash over the next 6 - 12 months?
    25
  78. Do you think the Canadian Government really wants to improve housing affordability?
    24
  79. Do you think New Zealand house prices will fall?
    24
  80. That is bloody criminal @waynefisher4296
    24
  81. Do you think the Australian Government really wants to fix the Housing Crisis?
    23
  82. That's because we've never had any sort of real housing crash - because the government has proven it will pull every lever available to protech the housing market
    23
  83. During this video, you can see my sweat levels get worse and worse. I think that definitely deserves a LIKE and SUBSCRIBE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    23
  84. All those first homebuyer schemes do is increase demand which ends up causes house prices to rise - which is the opposite of what first home buyers need. Bandaid solutions that are easier to sell than real reform
    23
  85. Why aren't we banning foreign ownership considering our housing is the 2nd most expensive in the world?
    22
  86. Yes, especially when many of them are fully cashed up @Adman1175
    21
  87. You'd be NUTS if you didn't subscribe to my channel: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    21
  88. Really sad story but thanks for sharing @presidentxijinpingspoxdoct9756. He's probably paid a heap of taxes during his lifetime as well.
    21
  89. Do you think Phil should get in some extra flatmates himself since that's his solution to the current crisis???
    20
  90. Will New Zealand's house prices fall all the way back to pre-COVID levels???
    20
  91. Sorry, I misprounced Jack's name throughout this video by calling him Jake!
    19
  92. Thanks for sharing @Steve-kk8yb. Young people who won't receive a large inheritance have been massively shafted!
    19
  93. What do you think is the Housing End Game???
    19
  94. Do you think the fact that Australian politicians own so much property as being a reason why they refuse to take any real action to improve housing affordability?
    19
  95. I like this analogy @myne00
    19
  96. Yep, and that shows you how shocking housing affordability has become
    19
  97. Why do you think the Australian Housing Crisis is now getting global attention?
    18
  98. Why do you think the Australian Government is ignoring the current Housing Affordability Crisis???
    18
  99. Do you think house prices will fall in 2024?
    17
  100. Are future Australian generations destined for a life as battery hens or homeless - or will the government finally take the action required to improve housing affordability?
    17
  101. Criminal
    16
  102. Have you noticed sharp declines in house prices where you live (similar to what's happening in Brisbane)? If so, I'd love to hear about what's happening in your area! I'd also love hearing that you subscribed to my YouTube Channel: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw ❀❀❀
    16
  103. Do you think bailing investors will be the catalyst for the next downturn in house prices - or do you think ultra expensive house prices will just get more expensive???
    16
  104. Why do you think Australian Politicians Refuse to Reform Housing???
    16
  105. There's absolutley no chance they would willingly allow that to happen
    16
  106. Yes, I know my video is pretty shocking (I've got the Trump Orange Glow happening). But if you Like & Subscribe, that will help me buy a New Camera πŸ˜‰πŸ˜‰πŸ˜‰
    16
  107. This is really shocking @memycellsandi πŸ™β€οΈ
    16
  108. Yep, there's a lot of groups who like high house prices
    16
  109. Excellent @bender718 - thanks so much for sharingπŸ™β€οΈ
    16
  110. Then I feel we've failed as a nation @15sixmediaπŸ™β€οΈ
    16
  111. Why do you think Melbourne is Australia's Biggest Loser when it comes to House Price Gains???
    16
  112. Exactly right @russtang24. When you can earn more than a full time worker just by owning a property, something is drastically wrong.
    15
  113. You're be "Pretty Nuts" not to SUBSCRIBE to my channel: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    15
  114. You'd think so - but Australia protects the housing market like nothing else
    15
  115. Cheers @JameyCameron , but I don't like to believe you and your family with never own a home πŸ™β€οΈ
    15
  116. Dead right. If a young person is not going to receive support or a large inheritance from parents, they're starting off from a massive disadvantage. This is because it's now ridiculously difficult to buy a home while you're dealing with a rental crisis along with surging cost of living. What happened to a fair go for all?
    14
  117. Typically, they would class a fall of over 30% as a stockmarket crash
    14
  118. Don't forget to subscribe to your friendly Greek Adonis: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    14
  119. Spot on, the value of our money has been totally destroyed
    14
  120. Zero, Zilch
    14
  121. If housing was more affordable for first home buyers, that would be extremely positive IMO
    14
  122. Did Boomers have it way easier to buy a house and pay it off than every generation after them???
    13
  123. I musn't be your average Aussie Greek
    13
  124. Do you think the Government needs to moderate immigration levels so housing availability better meets demand?
    13
  125. It's a bloody disgrace and sickens me to the stomach
    13
  126. Do you agree with Mark Bouris and Tom Panos that house prices will start declining in the latter stages of 2023?
    13
  127. Yep, it's the number one issue affecting Australians right now
    12
  128. Excellent insights @littereverywhere. Thanks very much for sharing!
    12
  129. This is an excellent explanation
    12
  130. Wow, thanks for sharing @RojerG-gc9hr and I wish you all the bestπŸ™β€οΈ
    12
  131. Thanks for sharing @tennilletobin7823. Also in the past, you could suffer a major financial setback and get back on your feet fairly quickly. Now it's way more difficult
    12
  132. Not by the hairs of the government's chinny chin chin
    12
  133. Wow, thanks for sharing @GenuineAussieMongrel. Adelaide and Brisbane used to be relatively reasonable compared to Sydney and Melbourne but now they're ridiculously prices as well.
    12
  134. Just remember you ain't a loser just because you're renting. In many countries around the world, renting is chosen for life and conditions for them are very good.
    11
  135. Just imagine how much your home deposit would have been worth if you left it in the bank - basically zero
    11
  136. Interesting thought, the housing market basically is the economy now in Australia
    11
  137. While you're visiting, don't forget to SUBSCRIBE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    11
  138. That's really shocking. Thanks for sharing @MoosesValley
    11
  139. Exactly @KH-rc7tl - some believe it's being done on purpose
    11
  140. But Australian property prices can't ever crash @gregwooldridge8864 - that's written into Australian law
    11
  141. Yeah, I've also wondered why young people are just accepting the current state of the housing market
    11
  142. Please help me reach 5,000 Subscribers: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    10
  143. Shocking housing costs and cost of living surely couldn't be helping
    10
  144. Do you think the stock market could be headed for a crash?
    10
  145. The big question is, do you think Australian house prices will continue to get more expensive compared to wages?
    10
  146. Yeah, but they've proven they will pull every lever to prop up the housing market
    10
  147. Makes no bloody sense @TheFluffyDuck
    10
  148. Absolutely shocking. Thanks for sharing @marktrafford1572
    10
  149. Do you think New Zealand's house prices are going to fall below Pre-COVID levels?
    10
  150. Yep, we could probably have a nuclear war and house prices would still go up in Australia.
    10
  151. Do you wanna receive smashing content from an Australian (with Greek heritage) who sometimes tries to be funny? Subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    10
  152. Cheers @1toonhead
    10
  153. Which central bank do you think has it right? New Zealand being ultra aggressive to smash inflation or Australia being dovish and pausing rates even with inflation still high???
    10
  154. Thanks for sharing @chrispekel5709. Even though property owners loves to see their property values go up, I think everyone who is real with themselves can now tell it has indeed gone crazy!
    10
  155. To make sure I don't have to turn to Only Fans, Subscribe Here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    10
  156. Not hopeless, but needs drastic action IMO
    10
  157. Housing crashes aren't allowed in Australia
    9
  158. So wrong. Thanks for sharing @michaelc3656πŸ™β€οΈ
    9
  159. Yep, COVID policies gave the lotto to property owners and destroyed renters.
    9
  160. When they run out of every option to prop up the market
    9
  161. I care @user-hm7bd8hm8l
    9
  162. Investors do take risk but government and RBA policies have basically meant that property has been the closest thing to a sure bet. Scrap negative gearing, reduce capital gains tax discount and keep interest rates around 5 percent, then investors will have the same risk as most other countries in the world.
    9
  163. or 100km
    9
  164. Absolutey - This crisis is affecting millions of people so should be priority number one and all stops should be pulled out to improve things
    9
  165. For a GOOD TIME, Subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    9
  166. Do you think Australian House Prices are expensive? If you do, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you don't think they're expensive, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    9
  167. Thanks @cebsone. Mostly because I haven't scripted the video so I often make a lot of mistakes when I'm recording so have lots of edits. Hopefully in time the number of edits will start to reduce.
    9
  168. Will the RBA's 11th Interest Rate Hike Finally Crash the Australian Housing Market???
    9
  169. The IMF says Australian house prices might need to fall around 50% before they're affordable to new home buyers. Do you think the Australian house prices have risen too high?
    9
  170. I read that and it might start happening more and more
    9
  171. Supply is only 1 factor that affects demand - otherwise house prices wouldn't have outperformed wages by so many multiples for the past 30 years when supply was better matched. Also, Australia builds more houses compared to our housing market than 95% of OECD countries, yet our house prices are some of the most expensive.
    9
  172. Do you think Australia will follow New Zealand's lead and see a housing market collapse?
    9
  173. If you think New Zealand are smart for being agressive with interest rates, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you think Australia is being smarter by pausing interest rates, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw πŸ˜ƒπŸ˜ƒπŸ˜ƒ
    9
  174. Yes it is disgusting
    9
  175. After 9 interest rate hikes in 9 months (with more to come), will the Sydney housing market collapse under the weight of reduced borrowing capacity and massive mortgage payments???
    9
  176. Do you agree with Jack Toohey's Viral TikTok video that Australia's housing market is completely broken and in urgent need of repair???
    9
  177. Or not happy!
    9
  178. Yeah, but I still feel sorry for recent buyers because the RBA kept interest rates at 0.1% far too long and then forecast no rate rises until 2024. That just added ridiculous crazy speculation into housing that was very irresponsible IMO.
    9
  179. Spot on @shanerorko8076, we never had any real housing crashes either like most other countries
    9
  180. Hey, if you're a blond, please forgive my joke 😍😍😍
    9
  181. Even sausages have gotten bloody expensive which is ridiculous
    8
  182. I hope the big zit on my schnoz wasn't too distracting!!!
    8
  183. I agree, but there seems to be so many from older generations that can't seem to understand why young people don't just buy a home - like they were able to quite easily. All Australians should unite and demand policies that create affordable housing IMO.
    8
  184. Love it 😍😍😍
    8
  185. Thanks for sharing @kingdomfor1
    8
  186. or seriously reduce immigrationΒ @didydudutΒ ?
    8
  187. Sydney house prices have fallen 14% so far since the post COVID boom. How far do you think they'll fall in total before this downturn ends???
    8
  188. If you live in Melbourne, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you live anywhere else in the world, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    8
  189. It's a crazy policy IMO - takes a lot of the risk away from property investing and bails out bad investment decisions.
    8
  190. Do you think house prices will crash as Boomers downsize and eventually pass away over the next couple of decades?
    8
  191. Certainly seems to be orchestrated
    8
  192. Will you be my bangers if I be your mash??? SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    8
  193. People just want the same opportunities to buy their own home like previous generations. I don't think that's a bad thing.
    8
  194. Such a bloody farce - thanks @mcviper270
    8
  195. That's what has happened in Canada
    8
  196. Even a 20-30% drop would be something never experienced in Australia
    8
  197. Yep, a lot of wealthy immigrants coming over and outbidding locals for property which is very sad.
    8
  198. That's exactly what I thought - so strange
    8
  199. Yeah, the main difference is Japan doesn't accept migrants while Australia pushes it to the limit. We'll see if they can keep pushing the housing envelope.
    8
  200. I'll bring my blow up mattress and Dora the Explorer sleeping bag!
    8
  201. Cheers @portley777. Young people and future generations deserve a fair go so what's been happening is really disgraceful
    8
  202. So hard to believe with today's prices
    8
  203. That would be very interesting if it happens @austinmackell9286!
    8
  204. Thanks for sharing @Jonathan-dl4nb
    8
  205. Wow, that's great to hear @davidkendal1361
    8
  206. That's true, but if you were a doctor earning a great salary but didn't own hard assets, those with property portfolios would be making way more wealth than you. Who's providing more value?
    8
  207. Will the latest interest rate hike combined with the mortgage cliff send Australian house prices lower???
    8
  208. "banning airbnbs/empty homes and negative gearing." - yep, that would be a great start!
    8
  209. definitely feels like a conflict of interest
    8
  210. Far out, I didn't realise my video editing software auto reduced the size based on Pauline Hansen's video. Sorry @user-lh5kn8tv4f, you won't get to see my face in beautiful definition 😍😍😍
    8
  211. "You work, I eat" - love this
    8
  212. Excellent question Mark!
    8
  213. It would still be a start as it would remove a lot of the speculative element form the market. This would make it easier for first home buyers to be able to afford their own home, as they'll be competing with less investors for existing properties.
    8
  214. Yes, there's plenty of policies that government could (and should) implement to reduce the speculative demand in the housing market - which is what is destroying housing markets like Canada and Australia.
    8
  215. Absolutely - that would definitely improve housing affordability and greatly improve opportunities for future generations without encouraging a massive wealth divide. Trouble is, that would mean taking some real action which is unheard of in countries like Australia.
    8
  216. Well said @mattk-kf9fx
    8
  217. Totally agree @vulpes122. I've bought stocks that have gone into receivership and I've lost the entire investment. That's real risk - where property investors have basically the entire government and central bank making sure your investment always goes up.
    8
  218. It's both IMO - a speculative bubble and ponzi but you also have a government and RBA who've willingly allowed this to happen. Now the housing market is too big for them to ever intentially allow it to crash - so a crash will occur when events are out of their control.
    8
  219. That happens in the stock market but there's just so much demand for property in Australia it normally soaks up any weakness
    8
  220. Trouble is, most other countries have experienced a real crash and this helps prevent too much speculation. In Australia, noone ever expects any significant decline so they leverages as much as possible which isn't healthy IMO. Β @FollowTheSunAustraliaΒ 
    8
  221. Yep, they wen't ridiculously loose with debt for a decade prior to COVID.
    7
  222. Nothing to be embarassed about @queenmanifestor8513 πŸ™β€οΈ - most people are one crisis away from extremely tough times. Trouble is, it should be easier to bounce back housing wise after a crisis but Australia and Canada have now made it extremely difficult
    7
  223. SUBSCRIBE TO THE GREEK ESHAY: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    7
  224. Interest rate rises from here would be extremely interesting
    7
  225. Yep, there's a reason why Australia has the 2nd worst housing affordability in the world
    7
  226. Yes, there's no reason property should be this expensive in Australia
    7
  227. I'll show one in a future video. Basically, national house prices fell around 10% from the peak but have risen over the past few months so total decline from peak is now sitting around 8%.
    7
  228. I feel they will scrap negative gearing when renters start demanding it because they are getting screwed over. I'll keep mentioning it as much as I can.
    7
  229. Yes, I've thought about that - do the vulnerable get abandoned?
    7
  230. "It's because both major parties didn't want to be the ones to see house prices go down." - spot on @Bareego
    7
  231. Excellent point @adayinthelife5772
    7
  232. If you got the balls to have an Adonis on your screen, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    7
  233. 😍😍😍@rayjames9835
    7
  234. I get the sentiment, but some people are starting from a massive disadvantage because they're parents don't own property wealth - and I think that's wrong. Australia used to be the land of the fair go, and not the land of the haves versus the have nots.
    7
  235. They can't only surge rents when there's insane demand. Otherwise renters wouldn't pay it and look somewhere else.
    7
  236. Figures released Thursday by the Bureau of Statistics revealed 125,410 permanent and long-term arrivals landed in Australia in January, the highest on record.15 Mar 2024
    7
  237. Thanks for sharing @xelamas1able
    7
  238. Yep, people liviing in countries like New Zealand, Australia and Canada really should be demanding to know why their housing markets have been turned into speculative play toys at the expense of future generations.
    7
  239. Absolutely, and most of them would have bought their properties when they were much cheaper compared to wages and cashed in as they've become more and more unaffordable.
    7
  240. Thanks for sharing @puglife6291
    7
  241. Absolutely, there was no need for it
    7
  242. Sadly, it's very possible this is happening on a much greater scale than thought
    7
  243. Yeah, politics aside, they seem to be the only party trying to stick up for renters at the moment. Whether people own property or not, I think housing policy reform will be best for the future of our society in general.
    7
  244. Yep, Brisbane house prices have basically overtaken Melbourne which is quite crazy IMO
    7
  245. "Australia is throwing its upcoming generations under the bus to protect the retiring generations and gaslighting them." - love this!
    7
  246. Thanks for sharing @davidboyd8113. NZ went harder with interest rates and they also seem more authentic with trying to improve housing affordability. Where do you see house prices in NZ going next?
    7
  247. I love the nest analogy @justbreathe4442
    7
  248. Thanks for sharing @Motion2082 - I wish you all the very best!
    7
  249. Yeah, there really should be protests against these policies that have taken home ownership away from thousands of people
    7
  250. "If people put the same effort into producing new goods and services as they do with manipulating housing this world would be a much better place." - spot on @jeffotoole4509!
    7
  251. Thanks for sharing @Theholmesreport - sadly the value of every dollar you're trying to save is being eroded. Don't give up - you're doing great amidst the worst housing crisis ever seen πŸ™β€οΈ
    7
  252. Love this @hughmangus2324
    7
  253. Yes, housing affordability has deteriorated rapidly. Thanks for sharing @TAVOAu
    7
  254. Spot on @lowtec1969
    7
  255. You'd make my day if you subscribe to my channel: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    7
  256. "Its beyond short-sighted and corrupt." - love this toasteh
    7
  257. Absolutely Gavin. The trouble with taking no action to improve housing affordability for so long is they you end up having to deal with a societal catastrophe which we're beginning to see signs of. Better to take action early than having to take more drastic action later because things have gotten so bad IMO.
    7
  258. Great point @manflynil9751
    7
  259. Yes, and even very hard workers are being totally screwed over
    7
  260. Absolutely @womp6338. They have been kept rates way too low for too long which has created a debt fueled housing bubble IMO.
    7
  261. What's your solution to improve Australia's shocking housing affordability? I know a great solution to receive Awesome Content - SUBSCRIBING TO MY CHANNEL: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    7
  262. That's really shocking
    7
  263. Great point @geoffmckeown2236. Countries will real population decline like Japan are seeing quite affordable housing.
    7
  264. Hi Pete, your story is absolutely tragic and disgraceful. This is why I'm so passionate about improving housing affordability so hard working Australians like yourself have a decent opportunity for home ownership. Thanks for sharing and all the very best!
    6
  265. Love it - but maybe 4 pilots is pushing it πŸ˜‚πŸ˜‚πŸ˜‚
    6
  266. Thanks for sharing @michaelrapson
    6
  267. Definately not beating up on migrants, just pointing out how record numbers way above average may not be the best idea while we're in the middle of a housing crisis. Thanks for sharing!
    6
  268. "property could even rise higher in the short to medium term." - Yes is could but if property keeps outperforming wages, many people will be pushed towards poverty sadly.
    6
  269. Thanks for sharing @martinstones9500
    6
  270. "The ASX All Ords was 6800 in Nov 2007. Today it's still under 7400 nearly 16 years later." - You're dead right @williamcrossan9333. It's completely obvious how the Australian economy is totally distorted towards property.
    6
  271. The real doom will come if interest rates are permanently kept at higher levels from here - not sure if that's a real possibility or not
    6
  272. You're spot on John. There's plenty of ways to reduce the ridiculous demand but no one seems to be willing to take real action.
    6
  273. That's a good point!
    6
  274. Β @deborahcurtis1385Β  Cheers, if we don't prioritise affordable housing for Australians, we're in big trouble IMO
    6
  275. They'll kick this can as far as they can
    6
  276. That would be a lot of politicians because this housing affordability crisis is 30 years in the making!
    6
  277. " It's a humanitarian emergency." - absolutely @deborahcurtis1385 . When full time workers are being made homeless, it's an absolutely crisis.
    6
  278. "if they do this and remove CGT discounts and remove negative gearing. Watch the rents go through the roof. They will go up 30% over night." - I don't agree with this. Most other countries don't allow negative gearing and they also pay more capital gains tax and it doesn't automatically mean their rent prices have sky rocketed. If they only allowed negative gearing on new additional housing then I think it would improve the rental market and perhaps more renters could buy their own home because there would be less competition from investors.
    6
  279. "instead we quadrupled down " spot on @pinkenbajedi2119, the government and RBA pour as much fuel under the housing market as they could
    6
  280. Hope not
    6
  281. However, if you own one property you're doing much better than those who don't own a property. When you own your housing costs will reduce over time. If you rent - they'll forever go up.
    6
  282. Thanks for sharing @anthony_4570 πŸ™β€οΈ
    6
  283. Are you intending to buy a house in 2023? If so, I'd love to hear your story. My Teddy Pericles asks that you subscribe to my channel: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  284. Thanks so much @grahamdelacey5779πŸ™β€οΈ
    6
  285. That's outrageous
    6
  286. Australia needs a massive correction IMO
    6
  287. Agreed @andrewmackenzie325, over leveraging has been massively rewarded which is wrong IMO.
    6
  288. They'll never crash if the government and RBA keep running policies designed to keep house prices ultra high.
    6
  289. It's disgusting by most of the population loves it
    6
  290. I definitely wouldn't say it's only you. According to http://www.demographia.com/dhi.pdf, Sydney has the 2nd most expensive housing in the developed world (only after Hong Kong). This is quite disgraceful for a country like Australia if you ask me. Just 30 years ago, house prices were very affordable in this country.
    6
  291. Do you think recent strength in the stock market was a Dead Cat Bounce???
    6
  292. Kicking the can down the road is a national pastime isn't it???
    6
  293. The sad thing is we've had so many opportunities to remove the speculation out of the property market
    6
  294. If policies were changed so that property was no longer a sure thing, wealthy investors may be inclined to invest somewhere else.
    6
  295. Absolutely - why are we allowing foreign investors outbid locals trying to purchase their first home?
    6
  296. Each dollar held way more value back then
    6
  297. How do you feel about Australia's Extremely Generous Tax Breaks (like Negative Gearing) that greatly benefit Property Owners and those who are already Wealthy?
    6
  298. "Australia does not comply with housing policies that reflect housing as a right" - spot on @mariq9918
    6
  299. Cheers @Vicki_Aussie_Girl - It's hard to say but I feel there will be increased volatility going forward
    6
  300. "This boom was stimulated by greed; it overpriced the market and if that was allowed we should allow the opposite to happen as well" - Agreed @ronaldbaikie3755
    6
  301. If you live in Canada or Australia, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you live anywhere else, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  302. Cheers @michalsavatar7
    6
  303. Agree ContructionHoney, we do need immigration. However the current levels of immigration could end up making the rental crisis even worse because we have a shortage of available rentals at the moment.
    6
  304. VOTE FOR ME - Subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  305. This is true, but there was definitely a lot more national pride back in those days
    6
  306. Yep, and this is why the entire country is obsessed with property - because you can make more money but holding a property than for working an entire year - and it's extremely tax effective.
    6
  307. If you don't like going to the dentist, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  308. Thanks so much for sharing @zed5129. I find it extremely sad how hard it has become to bounce back after a set back (due to this ridiculous housing bubble). I wish you all the very best!
    6
  309. If you're currently living in Australia - subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw If you're living outside Australia, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  310. Can you imagine? Even 8% would be total calamity in Australia because we've encourage everyone to leverage to the hilt.
    6
  311. If I pulled off the pink shirt - you have to give me a SUBSCRIBE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. And if I didn't - you can SUBSCRIBE here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  312. πŸ™β€οΈ @monsteranne7324
    6
  313. You'd be "PRETTY NUTS" if you don't subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  314. Now it feels like a galaxy far far away
    6
  315. I'll be your Adrian, if you be my Rocky - SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    6
  316. No one is blaming immigration - but we are blaming record levels of immigrations during a housing crisis as just making the problem worse.
    6
  317. I hope it changes so current generations have a fair go at owning their own homes!
    6
  318. Yep, it seems that anytime house prices are about to fall a decent amount, the government and or RBA come in with policies designed to keep prices ultra high.
    6
  319. Brilliant insights Amgis. I really like this: "every time the property market starts to decline, all levels of Australian government work together to come up with brand new schemes and incentivesβ€”like brining in foreign buyers or worseβ€”to buoy and pump up the property market again". Thanks for sharing!
    6
  320. Β @vernoncook8074Β  An astute analogy!
    6
  321. Yeah, it's feels ridiculous to these sort of statements from people who could so easily afford a home and pay it off in a few years. They don't seem to care how far housing affordability has deteriorated in 30 years.
    6
  322. Excellent post @LibertyDownUnder. In countries like Australia and Canada, you're rewarded for taking on ridiculous debt into property because it's the closest thing to a sure bet (because the government will prop up the market at all costs). If people speculate on property investments, there should be similar risk to buying a stock on the stock market - however that's just not the case. They absolutely supercharge speculation into property to where property is now a play thing used to create wealth - and not a safe a secure place to live for citizens that work hard.
    6
  323. Yep, successive governments have allowed housing affordability to be destroyed. Bill Shorten was the only one who tried to reduce speculative demand by scrapping negative gearing and reducing the capital gains tax discount. These were sensible reforms IMO
    6
  324. You'd think so, but the Australian housing market is supported from so many angles it's not funny
    6
  325. Do you think Australian House Prices will keep massively outperforming wages in the years ahead???
    6
  326. 😱😱😱 @geoffreyfulton-ko1fu
    6
  327. Sadly, this is happening more and more - and from regular workers which is disgraceful imo
    6
  328. 20% crash would be massive in Australia @phoneticau. The government and RBA will do anything to avoid that happening IMO.
    6
  329. Because many local hard working Australians can't afford to buy a home of their own.
    6
  330. Love it - I had the windows open and it kept going from cloudy to sunny. Then I saw that it auto focused on the background as well. I can only get better from here - hopefully!!!
    6
  331. This is shocking and so disappointing how our housing crisis is one of the worst in the entire world. Thanks for sharing @bradsage9336 and I wish you all the very best!
    6
  332. Excellent point John, this will especially be a major factor if interest rates remain elevated.
    6
  333. Mmm Fish n Chips - makes we want to have some now!
    5
  334. Thanks so much for sharing @user-zm9cp8es1e πŸ™β€οΈ
    5
  335. Quite disgraceful how we've sat back and just allowed this to happen without taking any real action to try and improve it.
    5
  336. Β @williamcrossan9333Β  Quite disgraceful if you ask me
    5
  337. I just get too excited when I get a chance to share my content with all my amazing subscribers!
    5
  338. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
    5
  339. Brisbane is definitely starting to slow
    5
  340. "the system is designed to say you are a better person the more money you have" - that's sad but true daryl. I personally feel like a person's character is far more important than money. Thanks for sharing!
    5
  341. Thanks for sharing @mina_chiba. Do you have to be a citizen to buy property in Japan?
    5
  342. SUBSCRIBE to your friendly Greek Aussie here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  343. Yeah, Australia definitely needs to scrap Negative Gearing as it just encourages speculation and taking on extra debt.
    5
  344. All they need to do is only allow negative gearing on new housing supply (as Bill Shorten tried to do). This would encourage more housing but reduce speculation overall because investors wouldn't be as interested in existing property.
    5
  345. 😍😍😍@jamiephillips6036
    5
  346. Spot on πŸ’― @JoeyBlogs007
    5
  347. That would be one for the history books!
    5
  348. If you think the Gold Price is going to break out to new all time highs over coming months, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you think Gold won't see any breakouts any time soon, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  349. πŸ™β€οΈ @NathanOZlegend
    5
  350. "I’m devastated for young people but this is what Australians allowed" - Agreed @rachelbyrne8464. Thanks for sharing
    5
  351. "greed reigns supreme here in Australia" - spot on @paulmclean876
    5
  352. The shitshow that is "Great Australian property market" - sadly that's where it seems to be headed as we constantly seek new ways to keep the housing ponzi going.
    5
  353. Cheers @adamc457. Nah, I'm just a regular worker and I grew up being interested in the stock market, and invested in the riskier end of the market (e.g. gold mining stocks). I went through a period when I was renting and it made me realise just how sh#t it is to rent. I then started researching and I quickly realised the entire system is made to benefit property owners which is creating a massive wealth divide and screwing over future generations who won't receive a property inheritance. So I'm trying to highlight that fact as well as the global economy in generation. Things seem to be coming to a head so things could get volatile over the years ahead. Thanks so much for your support.
    5
  354. Yeah, I also see a revolt coming if things don't improve
    5
  355. Yep, it's written into Australian Law
    5
  356. Yes, there doesn't seem to be much care for locals
    5
  357. Yes, but now future generations will suffer because we didn't take the chance to remove some of the speculative element from the property market.
    5
  358. It's really quite astounding when you see some of their prices.
    5
  359. Β @apieceOfeightΒ  A fairer system is definitely required, otherwise hard workers will never be able to afford their own home - which is tragic IMO.
    5
  360. 😍😍😍 @theobradley5926
    5
  361. If you've ever been guilty of anything, (even if it's being too sexy) subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  362. πŸ’― @matthewbrook7683
    5
  363. Sadly, this is quite true: "Australians love the property bubble/rental crisis and prove it at the elections with their votes". Let's hope things change for the future of our society.
    5
  364. Hey @johncitizen5377 - thanks for sharing. Sadly, there's many young people facing the same dillema and that's one of the reasons I make these videos (to bring awareness to the terrible state of the market and push for policies that will improve housing affordability). All the best!
    5
  365. Can you make sense of the Australian Housing Market?
    5
  366. I'm just presenting what's current at the moment. My issue is that this crisis has been allowed to keep getting worse without any real action taken to support struggling Australians
    5
  367. If you're a boomer, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you're from any other generation, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  368. But the Australian housing market is a sure bet Turbo Turtle!
    5
  369. Spot on @WTF00007
    5
  370. Boomers are great. It's just the policies that have destroyed that housing market that are bad IMO.
    5
  371. πŸ™β€οΈ @arthurmarcel2137
    5
  372. Sadly, I haven't got much hair anymore Macnizel - time is harsh to the follicles
    5
  373. Plenty of rich people around but there's also plenty who are struggling
    5
  374. "The housing situation must be urgently addressed with government action" - Totally agree Matthew, thanks for sharing!
    5
  375. Cheers @targadave. I think people are doing a combination of things - living with their parents if they can, living in shared accommodation, moving further away from the city centre.
    5
  376. Dead right @josh3771
    5
  377. Β @murungilutalo4775Β  Agreed!
    5
  378. Terrible policies have created this FOMO in the market. All the bestπŸ™β€οΈ
    5
  379. I feel it would only happen when they run out of levers to support the market
    5
  380. Good point @philmelb1022!
    5
  381. "After all; why take a risk investing in a business, buying stocks, starting a restaurant or similar - when buying a property would guarantee you a profit?" - excellent point @DavidAlsh, thanks for sharing!
    5
  382. NoooooooooooooooooooooooooooΒ @dumdumbrown4225Β 
    5
  383. You're right @kew711 - but in general Australian hasn't seen any significant house price correction like most other countries in the world.
    5
  384. True, but if house prices don't come down or at least stay flat for a while, there'll be millions of Australians locked out of the housing market and that's much worse IMO.
    5
  385. πŸ™β€οΈ @rupertradar7424
    5
  386. Cheers Nic!
    5
  387. "You can be sure that certain privileged groups are benefiting from this arrangement enormously." - always seems to be the way
    5
  388. Not at all. As per the video, I'm not against immigration at all. The government is running a large Australia immigration policy and most Australians are against those high levels, (especially while we have a Rental crisis).
    5
  389. Yeah, it really upsets me how many people night never be able to afford their own home - travesty
    5
  390. That's what I'm worried about - make everyone so poor they become dependent on the government
    5
  391. Yes, it's actually very irresponsbile IMO and is contributing to many people having no housing security.
    5
  392. Government's like immigration because it helps grow the economy, keeps house prices high (which also helps the overall economy) and brings in more taxes so they can afford to pay all the Age Pension etc.
    5
  393. Thanks for sharing @aleksandarverardi3688 and giving us an insight into the Melbourne housing market. All the best!
    5
  394. Nah, I haven't been deleting comments. I've only ever deleted a few commetns when there was name calling or racist language.
    5
  395. Their seems to be a lot more talk about it lately. I'm hopeful that housing policies will get overhauled so they better serve everyone.
    5
  396. Thanks very much for sharing @Sinister187. πŸ™β€οΈ
    5
  397. πŸ™β€οΈ@kimturner2105
    5
  398. πŸ™β€οΈ @RUMNIAH
    5
  399. Nice analogy @novoca1n3!
    5
  400. Don't break my heart - Please subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  401. Dead right, everyone acts like falling house prices is the worst thing in the world but is actually required for a quality future of all citizens. Because house prices have risen so much faster than income for so long, that needs to reverse and income rise faster than house prices. Even if income rose and house prices stayed flat, that would be better than the never ending property pump.
    5
  402. Absolutely - but for some reason we'll keep kicking the addictive can down the road
    5
  403. Thanks for sharing @benstrachan3418. Housing policies will play a large part IMO. Do you think they will reform some of the policies creating massive demand like negative gearing and capital gains tax discount?
    5
  404. I feel like a drop in interest rates will only occur when unemployment starts rising - and then I think to myself will the weak economy and higher unemployment dampen the enthusiasm for reduced rates? Lower rates then might not gaurantee higher house prices is what I'm thinking.
    5
  405. Yep, a lot of wealthy people (both in the country and foreigners who would rather leave their properties empty - quite staggering really
    5
  406. Dead right @peterburke8650
    5
  407. Wow, great post @chrisburnett4742 - it perfectly highlights the destruction of the Australian Housing Market - where couples aren't able to afford a home or afford to have kids. Just 30 - 40 years ago, a couple with 4 kids only required one wage to buy a house and easily pay it off in about 10 years. Thanks for sharing and I wish your family the best!
    5
  408. Because rampant money printing syphons a lot of money to the rich
    5
  409. To infinity and beyond
    5
  410. Cheers @aron.gortman
    5
  411. But cheap if you compare them to today's prices versus wages.
    5
  412. Thanks for sharing your thoughts stevennakhla. I don't blame any generations for our shocking housing affordability - but rather blame the over-generous housing taxation policies that create so much demand that has created so much speculation into housing. They may have been reasonable when housing was affordable, but when the government started seeing house prices massively outgrowing wages, then I believe they should have started trying to reduce the overall demand for housing by making housing policy change.
    5
  413. Wow, I really appreciate that @WhyunounderstandπŸ™β€οΈ
    5
  414. Do you think the Uranium sector could be the Next Big Thing?
    5
  415. It's bloody hard to be a renter in Australia. I know is many other countries it's a lot more secure. Cheers John.
    5
  416. I'm not. I'm anti bad policies that have resulted in the housing market being treated more like a stock on the share market than actual housing.
    5
  417. Excellent point about Western Australia waffle_burger. Much more affordable than Eastern states and cities, especially places like Sydney which has some of the worst housing affordability in the world.
    5
  418. Thanks so much @Vicki_Aussie_Girl. If we see higher rates, that will have a massive effect.
    5
  419. and foreign ownership, and ultra generous housing concessions
    5
  420. 100% ConstructionHoney. Immigration is great and does bring in heaps of skills. It's only the record levels (way above historical averages) I'm talking about.
    5
  421. That's shocking. Thanks for sharing @johncitizen5377
    5
  422. SUBSCRIBE SUBSCRIBE SUBSCRIBE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  423. A number of people talk about the 18 year cycle, but Australia never seems to have any sort of housing crash - as it just seeems to be too supported
    5
  424. Sydney real estate is a basket case. Land prices are absurd
    5
  425. But they're great knives πŸ˜‚ - Cheers @pando9971
    5
  426. You just need a Flux Capacitor
    5
  427. Yep, that's probably why those large properties aren't super attractive over there
    5
  428. We don't blame any Boomers, it's just sad how Australia has gone from a very affordable country to Sydney being rated as the 2nd most expensive city (compared to average income) behind Hong Kong.
    5
  429. Agree @TheRussRave, but a 20% - 30% would seem like a mega crash in Australia because people have only ever experienced ultra small corrections.
    5
  430. Thanks so much for your support @Vicki_Aussie_Girl. I really appreciate it! πŸ™β€οΈ
    5
  431. If you don't currently live on MARS, Subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  432. Why do they want to ban caravans on properties @mandyspacek1087?
    5
  433. Do you think home buying considtions will continue to improve over the months ahead? If you do, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw and if you don't, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  434. Wow, that would have a massive impact. Thanks for sharing @simonc6328
    5
  435. No, barely any countries allow negative gearing as Australia does.
    5
  436. Gotta keep going until the message gets through
    5
  437. Or just stop paying rent on mass
    5
  438. I really appreciate that @asette7466 πŸ™β€οΈ
    5
  439. That's so much for watching @TheRosiebeam. I work in the change management space.
    5
  440. Break Dance with me here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  441. Agreed Spacemonkeymojo, I"m not solely blaming the RBA. The trouble is, for years the people who have done the best are the people who have leveraged as much as they could into property. It's been the closest thing to a sure bet and that's absolutely wrong IMO. Thanks for sharing!
    5
  442. What are you seeing there @DavidMartin-ms6fc?
    5
  443. SUBSCRIBE to potentially the greatest Youtube Channel in the World here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  444. Yeah, it's terrible to see a once affordable area become a speculators paradise. Thanks for sharing @firequeen3110 and all the best.πŸ™β€οΈ
    5
  445. Wow, thanks so much for sharing @airstry2828πŸ™β€οΈ
    5
  446. That's shocking. Thanks for sharing @CohnmanTheBudbarian. I wish you all the best.
    5
  447. Thanks for sharing @jezg084. Sadly you've been screwed by policies designed to ensure ridiculous housing demand which leads to houses prices rising massively faster than wages - which makes it harder and harder to afford a home. Plus, if you don't own property, you're not receiving the ultra-generous tax deductions that only property owners get, which make it even harder. I can't advise whether to buy now or not, but I encourage you to forget the past and focus on the future (as it would totally out of your control the policies that were put in place that created this mess. I wish you all the very best!
    5
  448. That really would be a massive shock but could definitely happen
    5
  449. Absolutely Janis. The housing market was already expensive but COVID policies made it way way worse.
    5
  450. Great point @donavonlarney
    5
  451. πŸ™β€οΈ @trent3727
    5
  452. That's an interesting thought
    5
  453. I know - I have to listen to it all day
    5
  454. In Australia for the past 25, it's been "you always win"
    5
  455. Australian house prices have probably seen the smallest house price falls over the years out of any developed nation. This is all because all our policies are basically designed to keep house prices ultra high. But is this sustainable?
    5
  456. Yes life is about choices @adamsmith85, but that doesn't mean it isn't getting harder and harder for future generations to buy their own home (as property prices have massively outperformed wages). Even just in the last 3 years housing affordability has deteriorated considerably.
    5
  457. The Australian housing market has never really experienced a real crash (especially in recent history). That's why it will have such a huge impact if it does occur.
    5
  458. "It's a lot easier to ignore a problem when you're insulated from it." - that's pretty much every politician
    5
  459. I really appreciate that @surferrosa1104😍😍😍
    5
  460. Well said @Corpsecreate
    5
  461. πŸ’―@joelG1272
    5
  462. Spot on @helen9722πŸ™β€οΈ
    5
  463. This could be true while the economy is strong, but if things turn bad and unemployment starts rising sharply, that could change very quickly.
    5
  464. If you're a Baby Boomer, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you're NOT a Baby Boomer, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    5
  465. Absolutely - and this might be considered a conflict of interest when they set policies that have a direct impact on house prices (i.e. mass migration policies)
    5
  466. If the conservative government gets in, will they uphold this policy do you think?
    4
  467. Really quite shocking
    4
  468. It's amazing how house prices in Australia go up after after 10 straight interest rate hikes. There's so much speculative demand for property in this country because Australian house prices have been the closest thing to a Sure Bet. Personally, I don't think it's sustainable.
    4
  469. "the Australian government is very skilled at pushing housing prices." - Well said - Extremely skilled I'd say!
    4
  470. Japanese house prices still aren't back to the levels reached in the 1990's when the housing bubble peaked.
    4
  471. It's just a shadow from the sun outside I think
    4
  472. πŸ™β€οΈ @kcc879
    4
  473. Thanks Mohammad. Hope you're doing Great!
    4
  474. That's beyond broken - it's disgraceful @byza101
    4
  475. That's worrying
    4
  476. That's why starting businesses is way more productive than everyone being incentivised to invest into property.
    4
  477. Thanks for sharing Boaz and all the best!
    4
  478. "People didn't realize the government won't allow the market to correct itself. It's unnaturally propped up." - yep, closest thing to a sure bet
    4
  479. πŸ™β€οΈ@pw82634
    4
  480. Agreed, prices were expensive even before the artificially inflated COVID boom.
    4
  481. "We cannot reasonably have such high prices (and growing), when the avg wage remains flat over time." - Agreed @johnsmith-ro2tw, however I'm sure they'll do everything they can to keep the ponzi going.
    4
  482. Many Boomers keep winning from decades of policies that have massive helped increase their wealth
    4
  483. What you got against my beautiful jokesΒ @chrispekel5709Β  πŸ€ͺ
    4
  484. Thanks for engaging massimiliano. According to Mozo, There are currently around 10.3 million properties in Australia and of these 6 million have mortgages against them. https://mozo.com.au/home-loan-statistics
    4
  485. 😍😍😍
    4
  486. "The market has been on debt fuelled life support for years and it's collapsing fast" πŸ’―% Turbo Turtle, yet I'm sure they'll try and kick the can further down the road. Cheers!!!
    4
  487. Not completely pointless if you watched it @lukeallison88😍
    4
  488. Housing affordability in Australia has deteriorated to shocking levels where the average home is now greater than 10x the average income. Non homeowners don't just have to contend with outrageous house prices, they also must deal with rising rents and massive competition for rental properties. Sadly, this is going to lead to increased levels of homelessness as the gap between the haves and the have nots becomes more like a chasm. Sadly, it seems the Great Australian Dream of owning a home is going to be dead for many in our community. https://youtu.be/WX_qt9jp7zk
    4
  489. I'm not jealous at all - I'd just want more Australians to be able to afford their own home because I feel that's so important to their wellbeing and society in general
    4
  490. Great point @chapmansbg
    4
  491. RBA have to get serious and not crumble to political pressure
    4
  492. πŸ™β€οΈ@whitemanriding
    4
  493. Spot on @GeorgeMercer-rm8sc
    4
  494. Foreigners aren't supposed to be buying existing property now but a lot get around it from what I understand.
    4
  495. And we thought slavery was abolished. Thanks for sharing @amgis5218
    4
  496. Β @greenlamp9219Β  You're right. Housing affordability has been totally screwed. A 1 income family in the 80s and 90s could have easily afforded to buy an average home and pay it off in around 10 years. Now, a 2 income family will struggle to buy an average house and pay it off. It's staggering how bad it's gotten.
    4
  497. Thanks @petebeaumont253
    4
  498. Hi @timothymark8254, from their actions, it seems like policy makers will continue trying to prop up the market. However, one day they may run out of options and we'll witness a real crash in Australian Housing Prices.
    4
  499. Cheers Vicki!
    4
  500. Gee, that's out of left field.
    4
  501. Β @caveyfulΒ  Conflict of interest???
    4
  502. Great point @shaun2072
    4
  503. Absolutely - why are we allowing foreigners to push up the prices of our property. Some are so rich they just leave the properties empty - which is terrible for renters.
    4
  504. Yep, housing affordability has been totally destroyed
    4
  505. We can certainly try and change things
    4
  506. Thanks so much for sharing @N47H4NI3L and I wish you all the bestπŸ™β€οΈ
    4
  507. Yeah, I agree a lot of the crypto market became like a ponzi as everyone tried to start a new crypto to cash in on the wild speculation. I think a lot of those speculative alt coins will fall by the wayside.
    4
  508. πŸ™β€οΈ@B33ond
    4
  509. If you're interested in the housing market, why don't you subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  510. if you're new to my channel, Subscribe HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  511. Thanks for sharing your experience and great insights @amgis5218!
    4
  512. Cheers @submariner1348 !
    4
  513. Seems like a conflict of interest
    4
  514. 🀣🀣🀣@realsatoshihashimoto
    4
  515. Do you think house prices will continue to decline throughout 2023???
    4
  516. It's about 1 third of Australian households who rent. If it was over 50%, policies right now would be much different.
    4
  517. If you live anywhere else in the world, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  518. Β @dumdumbrown4225Β  Poor Phil, he's gotta stop all that smiling when he's talking about things that are really negatively impacting people's lives.
    4
  519. If you live in New Zealand or Australian, Subscribe HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  520. Interesting consideration @mikfax. I'm sure the financial stress is also breaking up a lot of relationships as well.
    4
  521. Wow @Vicki_Aussie_Girl, I so appreciate your support! πŸ™β€οΈ
    4
  522. Β @the.parks.of.no.returnΒ  Interesting thought!
    4
  523. Thanks for sharing @hollysmith1347 - It's really shocking and sad to see.
    4
  524. You're not a fool @mayormccheese6171 - throughout all the 80s and 90s houses prices around the same as wages. It was only from 2000 onwards that they started their speculative price rises.
    4
  525. Thanks so much for sharing Brett. If house prices in Australia fall back to 2019 figures, that would be massive for a country which has not seen any material housing downturn in many decades. I think it should happen but can see the RBA going dovish quickly which will re-start housing speculation again. Trouble is, this time they've got inflation to consider as well as a global economy in turmoil. It sure will be interesting!
    4
  526. Yeah, it's going to be very interesting
    4
  527. It's a bloody disgrace - like close to $10 just for a block of chocolate
    4
  528. They need to be fired because I'm going bald πŸ˜‚
    4
  529. Hey @pancake7289, I experienced renting as well as home ownership and fully comprehend how renters are getting royally screwed at the moment.
    4
  530. Thanks for sharing Leeanne
    4
  531. Thanks for sharing @DavidHarrisonDGH. That price for a house is incredible. I wish you all the best!
    4
  532. I'm sure these pollies are going to do everything in their power to make sure house prices remain high
    4
  533. They would break if they raise them too high - which means they won't raise them too high. The Australian economy is reliant on strong house prices so I can almost guarantee they'll do anything they can to not raise rates too high. It would be the best way to bring back some improved affordability however!
    4
  534. Just look to Japan who don't have immigration so they have real population decline. They have heaps of empty properties and extremely affordable housing.
    4
  535. 😍😍😍@Queeniethepom
    4
  536. Thanks Juliet!
    4
  537. Houses have been the closest thing to a sure bet in Australia. Now when you invest, there shouldn't be any such thing as a sure bet but massive support for the housing sector seems to have broken this rule.
    4
  538. This is shockingly sad and unAustralian IMO @CarlShwagger . Thanks for sharing
    4
  539. Very true, thanks for sharing. Sadly I think most people in Australia do treat housing like an investment- because house prices have grown so much faster than wages so property has been one of the most effective ways to build wealth.
    4
  540. Don't forget to subscribe: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  541. "A good heart is worth it’s weight in gold." - so good @videomonkeyman !
    4
  542. Really shocking @ajb1963. Thanks for sharing and all the best
    4
  543. Overhaul policies to reduce demand for housing
    4
  544. Agreed @hhans3n496
    4
  545. If you're a blond, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw If you're not a blond, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  546. Have they gone far enough?
    4
  547. Do they continue going all in on supporting high house prices?
    4
  548. Over 90% of negative gearing claims are made over existing housing - which doesn't add any additional supply and therefore doesn't help anyone.
    4
  549. Hi Matthew, I'm bullish on Platinum. Platinum enjoys industrial demand and is also included in precious metals demand. As Gold and Silver are currently rising very strongly, Platinum could do very well going forward.
    4
  550. Hi Matthew, Platinum has been rising nicely and making some good percentage gains.
    4
  551. nelson bran, Palladium is currently going through the ROOF. πŸš€πŸš€πŸš€ Your strong conviction is paying off!
    4
  552. Yeah, Housing Policies have been the greatest failure over the past 30 years IMO.
    4
  553. Yes, I've heard a number of people mention this. Trouble is, Australia has never had a real housing crash so why do we think one will happen in the future - Australian wealth is property
    4
  554. Thanks so much for reaching out Smac smac. I believe it definitely relates to all housing markets as the key themes are the same for being in a "sellers market" as opposed to a "buyers marker". Arizona will most likely become a "buyers market" sooner than Australia as most analysts now expect 4 rates rises in the US in 2022. Best wishes!
    4
  555. Investors haven't had a lot to worry about for quite a few years
    4
  556. Cheers Jarvis!
    4
  557. Hey thanks so much Brett. It means a lot.
    4
  558. Yep, i find it really sad that many people are deciding not to have any kids due to financial pressures
    4
  559. Excellent point @deekennedy9000 - China are facing a housing crisis which could have a global impact.
    4
  560. Spot on @kubabooba548. People have a lot of power when they unify
    4
  561. Β @L9MN4sTCUkΒ  Australian's have absolutely no clue what a real housing crash is like. Do you think they will in the future?
    4
  562. 😱😱😱
    4
  563. Absolutely πŸ’―@rc2276
    4
  564. Yes I do think they should get rid of negative gearing. It's an ultra generous tax deduction that costs the government billions and adds a lot of extra demand for housing. Most other countries don't have tax deductions as generous as Australia (like negative gearing and capital gains tax discount) and most of those countries have more affordable housing. They also have no shortage of investors wanting to buy property but investors in those countries have to be more careful with their investment because they don't get a tax deduction if their expenses are higher than their income.
    4
  565. Sad but seems to be true
    4
  566. Yeah, I have seen some of the major issues occuring in Canada - thanks for sharing @gothkidd8712
    4
  567. Because prices need to fall from these ridiculous heights to improve housing affordability.
    4
  568. Yep, loaning as much as you possibly can has been a sure bet over the past 30 years.
    4
  569. "The main problem for Australian economy as whole that everything is based on the housing market.Most of the money generated from other sources are poured into housing" - spot on @coala1980
    4
  570. Thanks so much @drevil7684πŸ™β€οΈ
    4
  571. Nah, I'd love the generations to work together to demand housing affordability
    4
  572. It's going to be interesting Bjjnnn Kakka. Maybe the Cryptos that survive will go on to do extemely well.
    4
  573. Agreed, taking no action to improve housing affordability is a disgrace
    4
  574. The buying power of every dollar you own gets less every day!
    4
  575. Wow, you don't seem to give a rats about other Australians trying to enter a housing market after it's gone from 3x the average income to over 10x in just 3 decades. It's sad when Austalians who had amazing opportunties don't want to pass those onto future generations.
    4
  576. Not intentionally that's for sure.
    4
  577. Thanks so much @peterRobinson10101 πŸ™β€οΈ
    4
  578. For independent analysis and commentary, Subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  579. To grow some Kahunas?πŸ˜‚πŸ˜‚πŸ˜‚
    4
  580. Dead right John
    4
  581. Thanks for sharing @soma4u289!
    4
  582. If you think Australian house prices will fall, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. But if you think they'll actually rise, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  583. 😍😍😍@michaelsaint9181 - it's hard when you don't have much hair!
    4
  584. It's time to scrap negative gearing. Investing in inheritantly risky and shouldn't come with a get out of jail card!
    4
  585. "A lack of a sane housing market, both to rent or buy is chipping away at the very basis of our society by destroying the opportunity for so many to have a home without risking crippling debt." - love this @shaun2072
    4
  586. Absolutely. You can't continue to have a policy like that when house prices are so ridiculously expensive.
    4
  587. πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜πŸ˜πŸ˜@deekennedy9000
    4
  588. Yep, and no sending the interest rate down to encourage more debt.
    4
  589. Policies like negative gearing and capital gains tax discount definitely add demand because more people want to invest in property. If there were less investors competing for property, then there would be less overall demand. Β @davidbrayshaw3529Β 
    4
  590. Β @gore1089Β Only because of current context. Bill Shorten has been the only one in recent history who's tried to actually improve the housing market IMO.
    4
  591. 😍😍😍 @SureJungle23247
    4
  592. Wow, thanks for sharing @mattk-kf9fx
    4
  593. The trajectory on which we are on is not sustainable - agreed @pommygeezer9309, but they always try and kick the can as far as they can.
    4
  594. Thanks so much @huguesmoreau9256. Hopefully someone has the guts to make decisions for the good of future generations.
    4
  595. If money is becoming worthless, trying to save a few bucks while property hyperinflates may not get you very far. Each year you need a higher and higher income to afford property in Australia
    4
  596. Thanks for sharing Asia!
    4
  597. I agree Craig, the only way housing could become affordable again is if we witnessed a major crash. The trouble is, the government won't allow a crash to occur unless they had absolutely no control. And this is because the economy is so tied to the housing market that a housing crash would also cause an economic crash. I'd like to see the government totally scrap ultra generous housing tax breaks to reduce overall demand for housing. Thanks for sharing!
    4
  598. I look forward to seeing Gold and Silver soarΒ @jarfa84Β 
    4
  599. Yeah, it's rubbish Johnny S and terrible for future generations IMO. Unfortunately central banks have added so much fuel to this housing bubble and the government has stimulated the crap out of everything, making it so much worse. I really hope things settle down and there is an overhaul of housing policies so we reduce speculative demand and give everyone the opportunity for more affordable housing. Thanks so much for engaging and all the very best!
    4
  600. Β @stephen3966Β  Trouble is, mass immigration keeps demand at fever pitch
    4
  601. I hope so @SamGforreal
    4
  602. 😍😍😍@cheecharron1244
    4
  603. Spot on @aslkdfjhg. Those buying into the late stages of a ponzi are getting a way worse deal and earlier buyers
    4
  604. Thanks for sharing your thoughts @benstrachan3418. I personally think we need to reform housing taxation policies so investing in property is not as attractive as it currently is now. Start by scrapping negative gearing and reducing capital gains tax discount. This would automatically take out some investor demand IMO.
    4
  605. Absolutely. I'm changing my thumbnail based on your feedback wasabinator. You're a legend!
    4
  606. Cheers @beyondthegoats6048 - they sure bloody do. Do you think they know their own policies create ridiculous speculative demand for property ensuring prices rise exponentially?
    4
  607. Spot on @jamiehoward7478
    4
  608. Thanks for sharing @KoDeMondo
    4
  609. Thanks so much for the support @chriskranz6488. Like @DoubtingThomas333, I agree that nobody really knows what will happen. All I know is the housing market was already expensive before COVID but the government and RBA has made it so much worse via their COVID policies. All the best!
    4
  610. Wanna subscribe to my bloody channel??? https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  611. 😍😍😍 @crow0012
    4
  612. Isn't it supposed to be Government for the people?
    4
  613. Hey @EduardoRodrigues-kt1qb, I like the idea but there's so much demand across the entire country I feel that demand soak up anyone not buying. In my opinion, we need to put pressure on policy makers to overhaul all the policies that create massive speculative demand for property.
    4
  614. Kicking the can down the road is the Australian way. No real action has been taken to try and improve housing affordability for 30 years now.
    4
  615. Β @jeffotoole4509Β  Absolutely, the amount of FOMO for Australian housing as off the chart. How will this end?
    4
  616. It's not xenophobic to want lower levels of immigration so it better matches the amount of new housing that can be built - especially while we're in the middle of a housing crisis and the rental vacancies are at all time lows.
    4
  617. Yep, but the government and RBA will only let them fall up to 10% before they do everything in their power to lift house prices again. The eternal ponzi.
    4
  618. It's a disgrace what they've done to the housing market and the lives that are being negatively affected. You've been royally screwed over by policies that were completely out of your control. Thanks for sharing and I wish you all the very best @Motion2082
    4
  619. Absolutely, but sadly they have a habit of sticking their noses into everythingΒ @momentum28Β 
    4
  620. "if you couldn't save for a house in the 80s you were actively trying not to" - Love this pironfistgaming. Thanks for sharing!
    4
  621. If you think New Zealand house prices will FALL, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw If you think New Zealand house prices will RISE, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  622. Interesting thought Aaron. Thanks for sharing!
    4
  623. Fuster Cluck @trythis2821😍
    4
  624. I agree with the massive cost of housing @matthewbezzina8472, but a broken down shack in Sydney often sells for multiple millions which shows it's the land that's so expensive.
    4
  625. "It’s only a matter of time before the government STOPS the negative gearing β€˜gravy train’!" - Let's hope so @HATZMAN1!
    4
  626. Agreed @michaelwestacott7698, and for that to happen policies need to be implemented to reduce speculative demand from the housing market. It's not hard but it needs someone with balls.
    4
  627. Cheers @mikebuckley46. I really appreciate that!
    4
  628. It's not right
    4
  629. Yeah, that's seems pretty accurate, especially if you're trying to buy a house as well
    4
  630. NordVPN definitely seem like one of the best - which is why I was happy for them to be the sponsor
    4
  631. If you think the Stock Market will Crash, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you think it's onwards and upwards for the Stock Market, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  632. That's the whole point of this video - both countries have created massive speculative housing markets which now has the added benefit of a rental crisis, huge FOMO, and record levels of immigration.
    4
  633. "Propertalia!" - I like that
    4
  634. You'd think so, but Sydney doesn't have the 2nd most expensive housing for no reason. It will be very interesting to see what happens from here.
    4
  635. That will do it
    4
  636. Hey @crazyham - I'm definitely not hating on property owners as I think owning property is great and wish everyone could do it. I'm only hating on the system that has created massive speculative demand.
    4
  637. Yes, I know people have lost money - but overall house prices have seen extremely strong gains with very short down turns. This is my main point. People see very little risk in house prices ever going down so they mortgage up to the hilt. If we see any real housing crash in prices, there would be much more caution - just like there is buying stocks.
    4
  638. Thanks so much for sharing Scotty Scot. It's great to hear from you!
    4
  639. Silver is more volatile than gold but should do very well IMO (as there is a run towards precious metals). If gold breaks above US 2000, Silver will come along for the ride and normally rises in bigger percentages than Gold. as a result, investing into anything Silver related could be an amazing investment IMO.
    4
  640. Yep, it's crazy how they're not trying to revise the numbers down considering the current crisis.
    4
  641. Thanks heaps @cryptoslackerrob-464 πŸ™β€οΈ
    4
  642. Appreciate that @moeuramo
    4
  643. 😍😍😍 @MrJamesjustin
    4
  644. We need reform
    4
  645. Even above 5% will do significant damage (if it happens)
    4
  646. A lot of other countries have something similar
    4
  647. He didn't do well predicting the bottom of the market way back then.
    4
  648. You're dead right - we're prioritised high house prices above all else and that is a disaster IMO
    4
  649. Hey thanks heaps @rayjames9835😍😍😍
    4
  650. Calm before the storm???
    4
  651. 😍😍😍 @camb6176
    4
  652. Never @dusansojak3457
    4
  653. Hey Tinto Tinto, this is in no way bashing migrants as I said in the video. It's only pointing out we possibly shouldn't be pushing record numbers (way above the long term average) when we're in the middle of a housing crisis. Thanks for sharing!
    4
  654. Thanks so much for the feedback J Garcia. I agree with you Fed will soon pivot from their aggressive rate hikes. I just think there is too much debt (both Government & Personal) for rates to rise to any meaningful levels. All the best!
    4
  655. Hey, thanks for letting me know @gamedaydos7825. So people could be in major trouble just like some of those canarys?
    4
  656. Housing Affordability Is currently the worst it’s ever been, and newly released data reveals just how bad this Crisis has become. In many countries, house prices are greater than 10x the average household income. This means that even middle-income earners are struggling just to afford a home. If housing affordability continues to deteriorate at these levels, we could see a massive section of our community never able to realise home ownership, and this is a disaster IMO. https://youtu.be/9vcXdnjbMRs
    4
  657. Thanks so much @andrewduncan597 . WA used to be cheap and now prices seem to be going crazy and rental vacancy rates are the worst in the country.
    4
  658. Adelaide is off the chart. Prices have risen around 50% since the pandemic which is absolutely disgraceful. Property shouldn't trade like a penny stock.
    4
  659. This is really shocking @Lilione111πŸ™β€οΈ
    4
  660. I saw that - quite incredible
    4
  661. Good point @arthurmarcel2137
    4
  662. Yeah, it's definitely going to be interesting for Australian house prices, especially if interest rates stay high and unemployment starts to rise.
    4
  663. A falling down shack in Sydney costing 1.2 Million is half the replacement value? Land values are at absolutely ridiculous levels. Just consider a first homebuyer trying to buy a house anywhere near Sydney without help from parents.
    4
  664. Yep, we've turned Housing into One Giant Speculative Ponzi Scheme
    4
  665. Wow, thanks for sharing @brettmitchell6431
    4
  666. Β @williamcrossan9333Β  Absolutely ridiculous isn't it. Just 30 years ago, a single lower paid work could easily afford to buy and pay off a home.
    4
  667. They sure have over the past 30 years. Do you think they will rise at the same rate for the next 30 years?
    4
  668. I tend to agree @ashleypicot8412. As governments and central banks will prop up housing at all costs, only something out of their control will cause a real crash IMO.
    4
  669. If you think Australia needs to reform housing policies now, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you think Australian housing policies are just fine as they are, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  670. Whether you like Labor or not, that was a sensible policy to try and reduce some of the speculative demand and distortion towards investors in the property market.
    4
  671. I don't think that anyone would want to be a renter in the current environment - they're getting hit from all angles and don't get any generous tax concessions like property owners do.
    4
  672. That's certainly happening now sadly
    4
  673. It definitely seems that way Clluthu. Thanks for your comment.
    4
  674. I think you might be right @solitudeau8188
    4
  675. Thanks for watching @johncorey5297 - I've got nothing against investors but against the policies which lead to massive speculative demand for housing - thus locking out many hard working Australians from being able to own their own home.
    4
  676. Yeah but Aussies have no other option @kryptoniterocks8245. If you don't buy a home, you're stuck in the rental hunger games because mass immigration has reduced the vacancy rate to 1% which is catastrophic
    4
  677. You're a poet and you don't even know it @tronwars7130
    4
  678. "Aussie homes for Australian residents" - absolutely @brettfitzpatrick5907
    4
  679. For a Hopping Good Time, Subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  680. My main microphone completely stopped working around the 6 minute mark so apologies for the audio quality after that!
    4
  681. That really is devastating Bryce and it's not right that central banks have added so much fuel to this housing bubble IMO. I sure hope prices come down for your and for our future generations in general. All the best, and thanks so much for engaging!
    4
  682. Yeah, I can see a future where tiny units are made on bulk and many people will be forced to live in one
    4
  683. For all your dreams to come true, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  684. Yep, the vested interests are extremely strong where it comes to housing policy. Thanks for sharing @ajb1963
    4
  685. Might be something with the camera
    4
  686. Thanks so much for sharing those insights @fairhall001. I've seen the crime in places like California and it really is quite shocking.
    4
  687. Thanks so much for sharing @PawelmpsπŸ™β€οΈ
    4
  688. Thanks for sharing @tdgs62
    4
  689. Yeah, gold seems to be consolidating. I would like to see Gold rise while the general stock market falls. That could show a new move towards gold.
    4
  690. Hey @johnsmith-ro2tw, I've had periods of home ownership and period of renting and it's shown me clearly that renters are getting royally screwed over.
    4
  691. There was hardly any mention of overseas investors in this video.
    4
  692. "Extend and pretend." - I like this!
    4
  693. Surely either party could have seen the signs and did the right thing by curbing some of the speculative demand (e.g. scrapping negative gearing etc. )
    4
  694. Yep, 2 families living in a tiny unit!
    4
  695. What's your thoughts on the Gold price and investing in anything Gold related??? Do you think Gold as an investment will out-perform in the years ahead???
    4
  696. "You will own nothing and be unhappy"? or "You will own nothing and we will be happy"?
    4
  697. That's a tough question - some would say real estate or the stockmarket (especially when held over the long term). Those who foresee trouble ahead for the global economy might recommend precious metals like gold and silver. In the end, all investment is an individual decision based on your personal circumstances and timeframes etc.
    4
  698. This is a genuine concern if policies continue to create a massive wealth gap and many are pushed towards poverty and homelessness. Thanks for sharing
    4
  699. AbsolutelyΒ @simonc6328Β 
    4
  700. πŸ™β€οΈ @thebeerhunter817
    4
  701. At the rate we have to build, you might just be right!
    4
  702. Very good point
    4
  703. πŸ’―
    4
  704. If you're into Gold Stocks, what's your favourite right now?
    4
  705. I know, even after 13 interest rate rises it's quite staggering
    4
  706. SUBSCRIBE HERE for the best time fo your life: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  707. I'm fine with the Boomer's thinking, I just don't think they have a full grasp on how quickly things have deteriorated
    4
  708. 😱😱😱😱😱😱😱😱
    4
  709. Nah, it's only been since COVID because the prices were artificially inflated due to COVID policies and now we're in the middle of a housing crisis which strangely is happening across the world. I've also made videos about housing ponzi and why Australian house prices always go up. So I'm not against house prices going up - but I feel policy makers should be concerned when house prices rise faster than wages or inflation. In that case, it makes it harder and harder for future generations to buy their first home - which is what we have today.
    4
  710. Yeah, you're bloody right @jcisme. Instead of trying to fix the root causes of our ultra expensive housing markets, they pretend like they're helping but actually make things worse.
    4
  711. Excellent insights @egabs - thanks for sharing
    4
  712. Yeah, renters have been royally screwed in this country
    4
  713. Australian property has been the closest thing to a sure bet
    4
  714. Excellent thoughts mikfax. Thanks for sharing!
    4
  715. All the best @jaredoliver9347 πŸ™β€οΈ
    4
  716. I don't think they want to stop the interference.
    4
  717. High immigration?Β @kieranvanblyenburghΒ 
    4
  718. Absolutely Clluthu - Australian housing has been the closest thing to a sure bet over the past 30 years and that has created a giant speculative obsession. Thanks for sharing!
    4
  719. It's absolutely true that property is now behaving more like a penny dreadful stock but without any of the risk
    4
  720. πŸ™β€οΈ @rexpipin08
    4
  721. Great point @simonc6328
    4
  722. So true, I just can't believe they saw wild speculation occurring and continued to forecast zero interest rates for years. Extremely irresponsible IMO.
    4
  723. Agreed @rosella3966
    4
  724. So tell me, which Gold Mining Stocks do you think are the best value at the moment? I'd love to hear about your best tips! Alright, so after I posted this video, the 3rd stock I presented (X64) made an announcement that the managing director is resigning (after only recently becoming the MD). Because of this, there's too much uncertainty around this stock now IMO. When there's uncertainly around a companies mangement, it pays to be a bit wary in my experience.
    4
  725. Absolutely true XTSonic. The housing value you got for each dollar was so much better in the past and has been deteriorating ever since. The housing market has been royally screwed IMO.
    4
  726. SUBSCRIBE HERE you beautiful people: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  727. No immigrants complaining about more immigrants here (as that would be ironic as I mentioned in the video). Just asking why we're running at record numbers (way above the long term average) when we're in the middle of the worst housing crisis of our lifetimes.
    4
  728. Thanks for sharing. Japan has negative population growth at the moment and their housing is extremely affordable (as they have heaps of empty property).
    4
  729. Cheers @mayormccheese6171
    4
  730. Love this @brantsensei384
    4
  731. Bloody gold LibertyDownUnder ❀️❀️❀️
    4
  732. Thanks for sharing @blackmarketmeatman!
    4
  733. πŸ™β€οΈ@sistercharlata
    4
  734. Absolutely @Cakegolem. Thanks for sharing
    4
  735. 😍😍😍@rrocketman
    4
  736. Yes I definitely see myself as an Aussie @HighlanderGeoff - that was a proactive statement because I always get comments saying it's ironic me talking against immigration when I come from immigrants. Thing is, I've never been against immigration - only excessive immigration without any diligent planning.
    4
  737. "Don't listen to Biko, he just wants to buy all the property for himself!" - Hey @theobradley5926, nah I'd really like to see housing affordability improve so more people have the opportunity to own their own homes (which provides untold security and dignity).
    4
  738. How on earth have we allowed Sydney to have the 2nd most expensive housing market in the world?
    4
  739. Excellent advice. The trouble is, Australians have been rewarded for taking maximum risks on housing including over-leveraging. So when risky speculation into property is rewarded for the past 30 years, it becomes ingrained in our psyche. Thanks for sharing Ernie.
    4
  740. Do you think the Fed could go back to 50 basis point interest rate hikes?
    4
  741. Many young Australians would love to be able to afford a dog box I reckon
    4
  742. I really hope your situation improves @joannenelson1418 πŸ™β€οΈ
    4
  743. The point of the video is not to blame boomers - it's the highlight the night and day differences between buy a property back then to buying today. Being frugal and saving money in the past worked brilliantly, but it doens't do much at all today. I would like to see all Australians unite and demand policies that improve housing affordability for future generations.
    4
  744. Cheers @adiintel1
    4
  745. Wow, that's an absolutely huge rise in land value. I've also heard of huge rises in Australia but not to that percentage. Thanks so much for sharing Uta Leonard.
    4
  746. Even through housing affordability is shot, subscribing to my channel is extremely affordable - because it's free. Subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  747. Not really sure @itsonlyafl3shwound
    4
  748. Hi ClassyClassical, according to Google, over 15 building companies have gone bust recently. It certainly is a worry and shows how high costs have affected the industry. I think the prices for existing homes will be most dependent on interest rates and our housing policies. If interest rates stay high and some of the generous housing policies are changes (e.g. scrap negative gearing), then house prices could fall significantly IMO.
    4
  749. I love boomers. I just point out the massive difference between buying a house then compared to now. If young people aren't going to receive a large inheritance - they're starting from a massive disadvantage financially.
    4
  750. I didn't actually know that. Thanks for sharing!
    4
  751. Β @simonc6328Β  Property Church - I love that!
    4
  752. Spot on. Just like a ponzi, you need more and more buyers to keep pushing up the prices
    4
  753. They will always try and kick the can down the road as far as they can
    4
  754. Melbourne is already looking like prices will declineΒ @ChickityChickenΒ 
    4
  755. Thanks heaps Amgis πŸ™β€οΈ
    4
  756. SUBSCRIBE to your friendly Greek Adonis: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    4
  757. Hi Bryce, yes as interest rates go up, your borrowing powers will reduce (e.g. you might have been approved for $800,000, but if interest rates go up 2%, you might only be approved for $650,000. Now, if you were originally looking to buy a million dollar house, it's possible that the 2% rate rise could result in a 15% fall in house prices. Therefore, the million dollar property on average might be $150,000 cheaper. If this was the case, your purchasing power would be the same as in each case, you require at least $200,000 deposit. This is a simplistic example with figures I just made up. I can't advise you what the better option would be for your personal situation, but if I was looking to buy, I would much rather buy at a cheaper price (if at all possible), as this will have a large effect on total interest paid over 30 years. The other thing, if house prices decline significantly, it will become more of a buyers market. This will mean there will be much more opportunities for the buyer to get a good deal (e.g. under the current market value). It might be a good idea to check with your bank the loss of purchasing power you will have if interest rates rise 1, 2 or 3%. All the best!
    3
  758. First homebuyers have been royally screwed alright @billyhopkins10. Can I asked what city the open home was in?
    3
  759. That's bloody rubbish - thanks for sharingΒ @InfinityIsland2203Β 
    3
  760. So now he's FLAT!
    3
  761. 😍😍😍
    3
  762. Wow, thanks for sharing @mkuc6951
    3
  763. Spot on @williamcrossan9333. Most property owners are licking their lips and hoping the crazy gains will continue every year until they die.
    3
  764. Yes, in most other countries, buying a property that loses you money is not considered a very wise decision. However in Australia...
    3
  765. I can't understand why they aren't trying to temper the immigration numbers while we're in the middle of a housing crisis.
    3
  766. Absolutey - especially those who don't own any property but would like to
    3
  767. This video is about the perpetual policies that push house prices higher.
    3
  768. Thanks so much for reaching out Justin. All the Very Best!
    3
  769. Thanks Lee. Things are really starting to heat up!
    3
  770. Only because the majority of foreign ownership of Australian Property is from China (as per the video)
    3
  771. That's rubbish, they need to drastically reduce demand so the vacancy levels go up and rents ease.
    3
  772. Auctions only work when there is crazy demand which the government and RBA have created due to their ultra loose COVID policies.
    3
  773. You might be spot on Tony!
    3
  774. The rental yields are only so bad because house prices have risen by insane values. Renters have not only missed out on record house price gains, they've been slugged by crazy rent increases way above inflation. I'm not blaming landlords, I'm blaming policies that create insane demand which has result in house prices and rents going through the roof
    3
  775. Thanks so much ClassyClassical ❀. I might have to tie dem hands down. 🀣
    3
  776. 😍😍😍@tallon5457
    3
  777. Yep, it could get very volatile in the months ahead.
    3
  778. Cheers @williamcrossan9333!
    3
  779. Cheers COMA. All the best.
    3
  780. They're destroying the value of every dollar so yes, we are being robbed. Cheers David!
    3
  781. I saw that. It's capped at a small number but still increases demand - which is the opposite of what we need IMO
    3
  782. I don't feel like you watched the video because I provided a case to buy now as well as waitΒ @firaselachkar4159Β 
    3
  783. Poorer quality of life seems to be already occurring Β @IMD4VEΒ 
    3
  784. 😍😍😍@jesusisking8502
    3
  785. Thanks heaps for sharing @ScottBanks-mv9ic and I wish you all the bestπŸ™β€οΈ
    3
  786. Β @apieceOfeightΒ  The similarity between central banks is undeniable
    3
  787. Absolutely - how are we still allowing foreign ownership when we have the 2nd worst housing affordability in the world?
    3
  788. Thanks for sharing Amit!
    3
  789. 🀣🀣🀣 @kcc879 
    3
  790. Thanks so much for sharing @queenbee4637. I feel like prices remain extremely elevated but there is definitely an easing of overall competition for properties. Will be very interesting to see what happens in 2024.
    3
  791. Thanks for sharing @chapmansbg
    3
  792. Don't like it. I'd prefer to address the root cause which is unaffordable housing
    3
  793. πŸ™β€οΈ@jetplane10
    3
  794. Yep, hopefully they can see past their self interest and do the right thing for the country
    3
  795. Great point @amandajane7760 - it will be very interesting
    3
  796. Yep, they might say they want affordable housing but 30 years of policies that do the opposite should make people mistrustful.
    3
  797. That's kick the can as far as humanly possible
    3
  798. If you think house prices will fall in 2024, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you think house prices will rise in 2024, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw.
    3
  799. "Australia should be better than that!" - Absolutely @111jacare. it's not good enough to prioritise high house prices above all else.
    3
  800. Sadly, I feel you're right - because God forbid they actually try and deal with housing affordability
    3
  801. Thanks so much for sharing steved
    3
  802. No violence Vincent πŸ˜‚
    3
  803. And I appreciate it @pedritonavaja5596
    3
  804. Thanks Nevillo. I appreciate that!β€πŸ™
    3
  805. Thanks for sharing Gregory
    3
  806. Spot on - it's been a rapid deterioration
    3
  807. It's absolutely disgusting but don't give up. I think you're doing well with the hand you've been dealt. I wish you all the very bestπŸ™β€οΈ
    3
  808. "Australians are FOMOing into a debt crisis." - dead right
    3
  809. Nah it's a new video, I just reused the same thumbnail picture
    3
  810. 100% market trader. What will finally end this housing ponzi scheme???
    3
  811. Don't give up @kcc879 πŸ™β€οΈ
    3
  812. "those who lust for more control and total dominance" - thanks for sharing Ashhu
    3
  813. 100% agreeπŸ‘
    3
  814. Thanks @noself22. Governments could easily come after property owners by increasing rates or land tax, changing property concessions like negative gearing, capital gains tax discount or even the tax free capital gains on your principal place of residence. Another thing they could do is put in an inheritance tax which taxes a lot from large property inheritances
    3
  815. Is it that bad???Β @switzerland3696Β 
    3
  816. Thanks very much for the suggestionΒ @GhrystΒ 
    3
  817. Certainly seems to be going that way @anitacohen8753
    3
  818. Thanks so much @stevo728822πŸ™β€οΈ
    3
  819. Cheers @amgis5218!
    3
  820. πŸ™β€οΈ @truthaus6840
    3
  821. 😍😍😍@xFENRISx
    3
  822. Thanks for watching @sam.6226. I'd say I'm a little bit biased because I'd like housing to become more affordable so more Australians can afford to buy their own home. Other than that, when it comes to house prices I don't pretend government policies don't put a lot of upward pressure one house prices to rise - that's why I'd like to see housing policies overhauled.
    3
  823. Renters are being totally screwed over by policies that put a rocket under house prices and created a distortion in demand/supply. And the worst thing of all, renters don't get any generous tax deductions like property owners do. Thanks for engaging!
    3
  824. Wow, thanks for sharing @cdnhey
    3
  825. What if we're not happy???
    3
  826. πŸ™β€οΈ@peterforsyth962
    3
  827. Yep, Australia is turning to a country of the haves and the have nots.
    3
  828. 😱😱😱😍😍😍
    3
  829. I see a large ascending triangle formation on the weekly chart which I think is positive. Giddyup Gold. Once we break above US 2000 and stay there, it's going to be super exciting!
    3
  830. Hey James, thanks so much for sharing. There's probably been some suppressing of the gold price over the years but that may be able to end as the next gold boom market commences. All the best!
    3
  831. But I love my terrible jokes @kimeccleston5586  😍😍😍
    3
  832. Yes, I was going to say something similar. A 90% crash because means nuclear war - but anything above 30% would have a drastic impact - or even 15% in Australia because our housing market just doesn't fall.
    3
  833. That is the question @glennturner4807
    3
  834. Absolutely, that would be the right thing to do in a crisis wouldn't it?
    3
  835. Thanks for sharingΒ @bigrobsydneyΒ . If housing was more affordable, more families would have kids IMO - then you wouldn't need as much immigration.
    3
  836. I'm not even against immigration - all I've said is that it should be reduced when we're in the middle of a housing crisis (and that's reduced from record levels way above the long term average)Β @dawggonevidz9140Β 
    3
  837. How low will it go? What's Gold going to do?
    3
  838. Thanks for sharing @ronburgandy1475
    3
  839. Yes, it's having a massive effect on society that's not positive IMO
    3
  840. That's exactly what's been happening SAKATA SUN. Current housing market policies are against people trying to buy their first home IMO.
    3
  841. Cheers @user-om5dh2ys1j 😍😍😍
    3
  842. Yep, it's just delaying the issue and making the problem so much worse
    3
  843. "This magical thinking is going to be turned on its head very soon and this fallacy will go the way of the dodo." - agreed but the government and RBA will do anything in their power to avoid this happening because the entire economy is now build on property. They should never have turned property into the closest thing to a sure bet. You're absolutely right that speculating on property should contain significant risk but worryingly, is hasn't for many years.
    3
  844. Β @gsman7097Β  Any drops over 10% and Australia will be in uproar. An actual crash and most of the country would be depressed
    3
  845. ​ @DoubtingThomas333Β  "The only sure thing is that the government will almost do anything to protect property investors/home owners." - Agreed, as growing home equity is one of the major ways Australia grows the economy.
    3
  846. Yeah things could be about to get harder for property owners @caveyful - thanks for sharing
    3
  847. Cheers @markwilliams4362
    3
  848. The government seems obsessed with not having a recession - based on the mass migration they're pushing.
    3
  849. 🀣🀣🀣 @crow0012
    3
  850. Yeah, and luck country - but only for some
    3
  851. Hi all, I'm 100% committed to providing you with unbiased and balanced information. I criticially think about all topics I discuss and don't rely on the standard narratives sprouted by governments and mainstream media etc. So if that appeals to you, Please Subscribe to My Channel here: https://www.youtube.com/watch?v=Jl4Qct23x-s
    3
  852. Cheers @gaza2230!
    3
  853. Thanks for sharing @william2220. I'm not in any way attacking investors as I think investing is good. I'm attacking housing policies that create massive speculative demand for property. This has cause house prices to rise way faster than wages since 2000 which makes it harder and harder for future generations to buy their own home.
    3
  854. Spot on @vadeout. They kept interest rates ridiculously low for far too long
    3
  855. Yeah I noticed how the stock market has rallied ridiculously based on their thoughts of rate cuts. It's really quite astonishing.
    3
  856. 😍😍😍@antrasix-beatsproductionho9813
    3
  857. 😍😍😍
    3
  858. Hey, I really appreciate your support @michaelphillips413. Can I ask what area of Canada you're from?
    3
  859. I'm hanging on @DontForgetOldKolobok🀣🀣🀣
    3
  860. Gorgeous in this case??? πŸ˜‚πŸ˜‚πŸ˜‚
    3
  861. Renting at the moment @chyka9572
    3
  862. Asian food is great too. They just need to carefully plan when they set immigration policy and not just lose control.
    3
  863. Peanut butter with ice cream - You Crazy Genius MarcusMoonstein!!!
    3
  864. 😍😍😍@arffadailey8055
    3
  865. Thanks for sharing
    3
  866. Cheers Thomas100c. Question is, will house prices get even more expensive (relative to income) or will housing affordability start to improve from here?
    3
  867. I used to read some gann theory which talked about astrology and the stock market.
    3
  868. Even if the housing market stayed flat and wages rose, affordability would start to improve.
    3
  869. This is how the Demographia Report calculates it based on prices to income: Affordable 3.0 & Under Moderately Unaffordable 3.1 to 4.0 Seriously Unaffordable 4.1 to 5.0 Severely Unaffordable 5.1 & Over
    3
  870. What a betrayal to young people like yourself @rosella3966. Thanks for sharing and I wish you all the best
    3
  871. It's screwing people alright
    3
  872. Hi @leonkent1365, we don't seem to have as much institutional buying of residential homes here in Australia as they seem to have in the US.
    3
  873. I heard rent is so high in Hong Kong and people subdivide units. Is that where we're headed???
    3
  874. Very true - they should set policies that are in the best interest of society as a whole, and that should be policies that start improving housing affordability IMO.
    3
  875. Β @dreamgazer000Β  "No, I fear not, for too many are making far too much and they have control of government and the media." - this is very sad indeed
    3
  876. So how can affordability improve for the sakes of future generations? If tough choices aren't made now affordability will continue to deteriorate which will be terrible for society and the economy in general IMO.
    3
  877. Β @justinmolsal5613Β  Agreed. The economy is now massively distorted towards property which is very dangerous IMO.
    3
  878. Β @kjjviii1735Β  Gotta keep the housing Ponzi going!
    3
  879. Thanks for sharing @fuku4eva
    3
  880. πŸ˜‚πŸ˜‚πŸ˜‚
    3
  881. Cheers @antl986!
    3
  882. But Australian house prices aren't allowed to crash - I think it's written into law
    3
  883. 😱😱😱 @user-lh5kn8tv4f
    3
  884. Thanks Aziz. Which suburbs provide the best value in your opinion?
    3
  885. Β @TheLolz1988Β  Cheers. I appreciate that!
    3
  886. Absolutely Cind Ers. The sad thing is, a lot of young people are deciding to ZERO children and I'm guessing some of that has to do with the ridiculous state of the housing market.
    3
  887. πŸ™β€οΈ@GFNub
    3
  888. You'd think so but the government and RBA have proven they'll pull out all stops to prop up the market.
    3
  889. Β @bjjnnnkakka7813Β  That's where it is now
    3
  890. Thanks @richardsingh5827
    3
  891. Thanks so much for sharing Jeff.
    3
  892. πŸ˜‚πŸ˜‚πŸ˜‚
    3
  893. Obviously you didn't watch the video because I never predict something happening - I just look at what could be happening. With things like the stock market and housing market, there's so many impacts that no one can predict what will happen, because policies are out of our control.
    3
  894. Β @SpacemonkeymojoΒ  Both RBA and Government have played a roll in Australia's ultra high house prices. Basically, nearly every policy has created massive demand which is only increasing year on year.
    3
  895. Insanity
    3
  896. I think so. Is he anticipating an increase in prison numbers?
    3
  897. "Also, too many vested interests keeping prices sky high with way too much immigration and politicians benefiting themselves from the status quo." - Spot on @sfois1able!
    3
  898. Sounds completely wrong!
    3
  899. Agreed, so many people are seeing their lives go backwards because of housing affordability - surely that deems it one of the might important issues for action to be taken immediately!
    3
  900. We have a Bilo connection @drevil7684!
    3
  901. CheersΒ @drevil7684Β 
    3
  902. I agree it's a completely different world - but the trouble is the value of every dollar today is getting completely destroyed, so saving doesn't benefit like it used to - especially if you still can't afford a home.
    3
  903. Thanks Jaison, all the best!
    3
  904. Thanks for sharing @danielsloane-5876
    3
  905. I'm sure the government would come to the rescue if house prices fell but any significant levels
    3
  906. Cheers @antl986
    3
  907. 100% agreeΒ @mohhingmanΒ !​
    3
  908. Yeah, everyone only know house prices only going up in Australia (because they've been so supported by generous housing policies and cheap debt). It would be a massive shock if house prices had a serious correction.
    3
  909. Double digit interest rates in Australia would be out of this world. I 100% agree with your sentiment - crazy speculation driven by ultra generous housing policies and cheap debt has destroyed the housing market.
    3
  910. I can't gaurantee house prices will fall because there's so many policies that impact on house prices. I'm just reporting on the shift in market dynamics that's being observed which could be replicated across the country.
    3
  911. Agreed, Australian housing market is broken
    3
  912. Yes, sadly this seems to be the direction we're headed but I genuinely hope things change.
    3
  913. I tend to agree Craig. Governments and central banks were more than happy to create a giant housing bubble with their COVID policies - but now only New Zealand seems to be willing to really burst that bubble!
    3
  914. Why, if investors don't buy as many houses, it gives more opportunity for first home buyers to buy them. Most investors are buying established housing which doesn't increase housing supply.
    3
  915. Negative gearing should be allowed on brand new builds. Currently over 90% of negative gearing claims are for established housing which doesn't add any additional supplyΒ @oldbloke204Β 
    3
  916. Thanks for sharing Darth Fetid. People like yourself are in extreme hardship yet the government doesn't want to take any real action to improve housing affordability. All the best.
    3
  917. Thanks so much @Vicki_Aussie_Girl😍😍😍
    3
  918. Β @andrewbroome7404Β  But how will a first home buyer afford a home when they're so expensive (relative to wages) while interest rates are climbing?
    3
  919. I know, house prices have been artificially inflated to ridiculous levels in many countries like Australia. Sadly, poor policies have allowed this to happen.
    3
  920. The CPI that they measure doesn't really reflect the true rate of inflation - because I think we all know real inflation is much higher
    3
  921. Cheers @6shnuggle6
    3
  922. Yeah NZ has run the exact same path @sueelliott4793
    3
  923. Thanks for sharing @Justyburger
    3
  924. Cheers @WhothefuckareweπŸ™β€οΈ
    3
  925. 😳😳😳
    3
  926. Sorry Benyameen, can't help it!πŸ˜‚πŸ˜‚πŸ˜‚
    3
  927. 😍😍😍@kcc879
    3
  928. Wow, brilliantly said and thanks for sharing Anon2121. . Wealth from property is now so entrenched in the Australian Psyche it seems to feed on itself and create more and more speculation into property. Are we setting ourselves up for massive trouble in the future???
    3
  929. Thanks so much for sharing. Australia was exactly like that several months ago and since then we've seen a number of house price declines. I'd live to hear how Canada's market goes from here.
    3
  930. 😍😍😍@Phemruto
    3
  931. Wow, that would really shake things up
    3
  932. It certainly could nelson bran. Thanks so much for engaging. All the best!
    3
  933. I better make them good @zo1dberg
    3
  934.  @zo1dberg  That's harsh🀣🀣🀣
    3
  935. πŸ™β€οΈ@coma3550
    3
  936. Also the Australian economy is so dependent on a strong housing market that the government and RBA will always "try" to come to the rescue if there was any sign of large declines.
    3
  937. Interest rates aren't high, it's mortgage amounts relative to income that are super high.
    3
  938. Cheers Hugh Jass420. All the best!
    3
  939. Nah, me too. He's sounds like a drunk Greek pirate
    3
  940. Thanks for the feedback, I appreciate it. What's your thoughts about Australian house prices?
    3
  941. Keeping life simple - I love this Greg.
    3
  942. Wow, thanks for sharing @SamuelSlade-uy6cl
    3
  943. Thanks so much @touchstar68. Fraser Coast sounds gorgeous! 😍
    3
  944. Yeah, the entire market is now completely stacked against renters
    3
  945. @no ël ❀Yeah, the Greeks mums want you to stay at home!!!
    3
  946. Cheers Winston πŸ™β€οΈ
    3
  947. Gimme a sub if you dare: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  948. Very interesting proposal
    3
  949. Yep, all following the same playbook!
    3
  950. Yep, so dissappointing when they could have done so much.
    3
  951. Cheers @rayweh-bfa4966
    3
  952. Cheers @BennyLC79
    3
  953. Thanks for sharing @michaelwestacott7698 and taking proactive action for change.
    3
  954. Great insights @realaussiemale567
    3
  955. Yeah, really seemed to dismiss the entire housing affordability issue IMO.
    3
  956. If house prices went up roughly the same as wages, then affordability would remain the same and future generations would have the same opportunities.
    3
  957. Yep, but someone could be frugal their entire lives and still not be able to afford a home in a major city - that's the contrast between previous generations and today. Are we expecting young people to not spend a cent and still get totally screwed over by a system that benefits property owners?
    3
  958. Yeah @Toggymok, if you can't afford your own home, it's a lot harder to have children financially - which I'm sure is having an impact
    3
  959. I would be. Why have record immigration levels when we're in the middle of the worst house crisis we've ever had?
    3
  960. Β @mrwolf750Β  πŸ’―
    3
  961. Don't forget to subscribe to my channel: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  962. I'm looking forward to a reakout above 2000. Just don't know when it will be.
    3
  963. Spot on Daniel - "the handling of the economy in 2020/21 was an utter shit show"
    3
  964. Yeah I know. My main microphone stuffed up and I didn't realise it. Thanks for watching that far!!!
    3
  965. Cheers @RealChange-eh1gw πŸ™β€οΈ
    3
  966. Thanks so much for sharing your thoughts Scott Banks. I like your idea to limit capital gains tax discount to 1 property. Negative gearing is not a good policy in my opinion as you get rewarded for making a loss on an investment, (plus we're one of the only countries that allow it). Regarding the family home, I don't think it should generally be taxed but I think that non-homeowners should get an equivalent deduction (otherwise it's not fair for those who can't afford a home). Also, I think there could be some scope to tax some of the massive gains of the ultra wealthy. Once again it's very generous and doesn't happen in many other advanced countries. Making property a bit less attractive to investors would just make our housing market like most other countries (where house prices don't rise massively above wages). This is a much better model for society IMO as housing affordability doesn't deteriorate further year after year. Developers will still be able to make massive profits so they'll be happy to keep building high density housing. Our housing market has been overheated for far too long and I think we need to slowly let out some of that heat. Anyway, I really appreciate your thoughts and wish you all the very best!
    3
  967. Australia's economy is built on the equity from house price rises. The government and RBA will do everything they can to keep this going
    3
  968. It's going to get volatile!
    3
  969. Thanks so much @ork_!
    3
  970. Thanks for sharing @motorheadbeany1903
    3
  971. It does @touchstar68 - but if people like the video it's worth it!
    3
  972. Yes, but the government and reserve bank always try and come to the rescue if they fall too much.
    3
  973. Yep, it's harder for 2 full time workers today than a 1 income couple back then.
    3
  974. Thanks for watching Richard.
    3
  975. Thanks for sharing @sonotu8510
    3
  976. Great to hear from you Asia!
    3
  977. Cheers @rapmamori4136!
    3
  978. 😍😍😍 @Vicki_Aussie_Girl
    3
  979. How can you fight against a ponzi scheme that's supported from every angle?
    3
  980. Β @remyfanggidae3277Β  Or he just upset because nobody wants to do something "NOW" - yep, that's what I reckon
    3
  981. I can't give advice @sammckenzie6760, but my strategy has always been educating myself on investments and then trying to saving some income for investing into the assets of my choice.
    3
  982. Thanks for sharing @Ghekko-kw3zz
    3
  983. The main solution IMO is to reduce speculative demand for property so it's once again seen as a place to live and not a way to grow wealth: https://www.youtube.com/watch?v=6AUGzjXIMoU
    3
  984. Thanks for sharing @farhadhabibullah548. I find it terrible how policies over many decades have totally destroyed housing affordability in Australia - which is impacting thousands of people like yourself. I wish you all the best!
    3
  985. John Pettit, 100% agree. The Fed called inflation transitory and the RBA forecast no rate rises until 2024. And these guys are paid fortunes to be experts. Thanks for sharing your thoughts and all the best!
    3
  986. Hayden White, thanks so much for the feedback - I really appreciate it. I started this channel to add value and when I hear that people find it valuable, it makes my day. Let me know if there are any topics you would like me to cover and I'll see if I can fit them into the schedule.
    3
  987. Absolutely ConstructionHoney, taking advantage of the market and current policies is a very wise move. Thanks so much for sharing and all the best!
    3
  988. Just depends, if interest rates remain high and unemployment rises, then that would be a recipe for lower prices.
    3
  989. She's gunna be bumpy!
    3
  990. Hi all, Palladium is currently going on a tear. At today's date (3 March 2022), the Palladium price is sitting above US 2700 per ounce which is extremely close to the All Time Highs around US 3000 per ounce. Does anyone have physical Palladium of Palladium based stocks that are currently profiting???
    3
  991. Wow, well done Infex. Can I ask the code of the ETF?
    3
  992. Hey Infex, Palladium is currently going through the ROOFπŸš€πŸš€πŸš€
    3
  993. Like I've mentioned multiple times, I'm not against immigration - I'm against record levels of immigration when hard working Australians are literally being pushed into homelessness.
    3
  994. Hey, that's what you get when you have an Aussie try and pronounce a Kiwi city! 😊😊😊
    3
  995. "but the RE market here is perplexing as hell" - dead rightΒ @aron.gortmanΒ . There are many people living in expensive houses that wouldn't be able to afford them if they were buying their first home now.
    3
  996. Love itΒ @michaelwestacott7698Β  !
    3
  997. They've created a property religion in this country and everyone wants to be part of it
    3
  998. Cheers @crazyham!
    3
  999. That's really sad @fargonthebrave - thanks for sharing πŸ™β€οΈ
    3
  1000. Yep, it's actually disgraceful how far housing has deteriorated in just a few decades
    3
  1001. "I thought people bought houses, because sleeping in the rain sucks." - love this
    3
  1002. Wow, thanks so much @Koch8πŸ™β€οΈ
    3
  1003. Thanks so much for sharing your thoughts George. All the best!!!
    3
  1004. 😱😱😱
    3
  1005. That's the problem. The housing market is propped up so much that it doesn't face the same risks as other assets like stocks.
    3
  1006. Well, the government and RBA have shown they'll do anything to keep house prices high so odds are this will continue.
    3
  1007. Thanks so much Luna. Great to meet you!
    3
  1008. Got balls alright. I couldn't believe the hit the market with 0.5% right now.
    3
  1009. Β @brettsharp5074Β  Scared Shipless alright. In the past, the government & RBA only had to really worry about property owners as the majority of people owned property. Trouble is, today more than 1 third or Australians are renters and the government can no longer ignore them or renters will vote elsewhere. So I feel they're caught between a rock and a hard place, but agree that decisive action like NZ has done is the best play IMO.
    3
  1010. Thanks so much @bradg7701. "IMMIGRATION, IMMIGRATION, IMMIGRATION. This is the cause. It's what drives prices (and foreign buyers) Other issues will fall into place when this is taken care of." - agreed.
    3
  1011. Cheers James - make sure you send me a link if you reference my video. Great hearing from you!
    3
  1012. This cycle has been going for a long time
    3
  1013. Thanks for sharing @psbose1πŸ™β€οΈ
    3
  1014. Now we're a countries that's divided by property haves and property have nots.
    3
  1015. Cheers Jamie Frangos, thanks for engaging!
    3
  1016. They nearly all own heaps of property
    3
  1017. Great advice. I agree.
    3
  1018. Yep, for a long time now, there has been very little risk or consequences for over-leveraging into property. This is why we have so much speculative demand in countries like Australia and Canada, because there hasn't been any real crashes to bring any caution into the market (because that's what happens when thousands of people get burnt).
    3
  1019. Thanks for sharing @jeffotoole4509
    3
  1020. Thanks for sharing @Theholmesreport πŸ™β€οΈ
    3
  1021. I do blame government policies and think it's a combination of all of them (negative gearing, capital gains tax discount, no tax on PPOR, foreign ownership, high immigration, ultra low interest rates after the GFC etc). All these policies combined have created speculative demand for property - and since COVID we've had FOMO enter the market because first home buyers are scared they'll be forever locked out of the market.
    3
  1022. Thanks for sharing Trevor!
    3
  1023. Hey Josh - thanks for the feedback. Now I need to get a better camera so the lighting stays more consistent. Thanks for watching!
    3
  1024. Thanks for sharing @benrogers6890. "buy precious metals & get out of as much debt as you can while you still can" - I live this.
    3
  1025. Great to hear from you mk km. Hope you're doing well πŸ™β€
    3
  1026. I appreciate that @kcc879!
    3
  1027. The gold and silver boom might just be beginning. Previous booms have lasted several years and seen some stocks rise by 5x and sometimes 10x. I'm not saying that will happen but it's definitely a possibility.
    3
  1028. Thanks so much for sharing @MrFanstar007. I 100% agree we need to bring housing cost down to affordable level and kill the concept that housing is a financial bet rather than a place to live and raise a family.
    3
  1029. πŸ˜‚πŸ˜‚πŸ˜‚@user-lh5kn8tv4f . What's next???
    3
  1030. Doesn't matter about me @deepbatra106 - I want all hard workers to have the opportunity of home ownership - especially in places like Australia and Canada where house prices have become absurd.
    3
  1031. Really shocking - especially because prior to COVID things were a lot more manageable. Thanks for sharing schuma61 and I really wish you the best with everything
    3
  1032. Yeah, it's a tricky one. Even if house prices stayed flat but wages grew, housing affordability would slowly start to improve.
    3
  1033. Cheers @leroylindblom2513!
    3
  1034. Thanks for sharing Neil!
    3
  1035. Cheers, I enjoyed looking through them for this video too.
    3
  1036. Cheers @dianahracanti πŸ™β€οΈ
    3
  1037. That does seem very similar to the current situation in Australia. Prices are still high but they've definitely fallen and all the crazy speculation has gone. Where to from here - that's the big question. Thanks for sharing!
    3
  1038. 😍😍😍@heartthehorse
    3
  1039. Cheers @nickkraitor6560πŸ™β€οΈ
    3
  1040. Houses, like most goods and service will generally rise in price. The trouble is, they've risen so much faster than wages for the past 30 years - they become more and more unaffordable
    3
  1041. Agreed Driven2rebel. A fair go for all should be what our policies deliver
    3
  1042. 😍😍😍@Kay13Jay
    3
  1043. Thanks for sharing @Phemruto
    3
  1044. Spot on @veijotirronen2010 - they were dropped down to ridiculous level prior to COVID
    3
  1045. That's incredible - thanks for sharing @kiwipinos
    3
  1046. More people having to go into shared accommodation maybe. They've only gone up very slightly so farΒ @mohhingmanΒ 
    3
  1047. Yes, but I'm sure they'll pull every lever to ensure the ponzi continues as long as possible
    3
  1048. πŸ˜‚πŸ˜‚πŸ˜‚
    3
  1049. Thanks heaps @BertisAU
    3
  1050. Spot on Suliman The Magnificent. Ultra low interest rates for the past 15 years has created a credit fueled housing bubble. Hopefully someone will have the kahunas like you say!
    3
  1051. I love it!!!
    3
  1052. Yeah, that turnaround has been very strange. Brisbane, Adelaide and Perth have all sky rocketed
    3
  1053. Could you imagine if they keep raising the cash rate to over 5%? It goes against everything Australian - which is to ensure house prices stay high at all costs. Thanks for sharing!
    3
  1054. Doesn't seem right!
    3
  1055. Yes, this is the same in Australia - sort of seems like a conflict of interest
    3
  1056. Unkillable housing market?
    3
  1057. I love this statement @benrogers6890 - also applies to our personal lives as well.
    3
  1058. Yeah, other houses have also risen the same but they're miles ahead of renters which is the difference. In the future they can downsize and realise a lot of those gains to help with retirement.
    3
  1059. Even 10% unemployment would be catastrophic
    3
  1060. Thanks so much @simonc6328
    3
  1061. Is Australia every going to have a read housing downturn?
    3
  1062. That's disgraceful IMO - thanks for sharingΒ @ClovisPointΒ 
    3
  1063. Yep, it's time for the hangover after the artificially inflated bender
    3
  1064. Thanks so much @metcruza5536. Investors and foreign buyers are buying some. But there's also massive demand from first home buyers who are desperate to escape the rental crisis. Basically massive demand means people will borrow as much as they can to buy whatever they can.
    3
  1065. Thanks for your insights @wsiak340
    3
  1066. Seems like a conflict of interest
    3
  1067. 😍😍😍 @jcisme
    3
  1068. Thanks so much @sammckenzie6760!
    3
  1069. Sounds like the Big Short
    3
  1070. Yeah, but this could be the last hurrah for the US dollar. Giddyup Gold!
    3
  1071. Property investors buying existing homes does nothing to improve housing supply. Over 90% of property investors buy existing homes
    3
  1072. Potentially, although many think the real figures are double what is officially reported
    3
  1073. Keeps going up if you're the Australian housing market - the government and RBA have all but ensured that.
    3
  1074. Dead right, inequality is being magnified by housing policies that overwhelmingly benefit property owners. These policies create so much demand for housing that house prices massively outperform wages. So for 30 years you can make way more on property than you can at a job, and it's 100% tax free for principal place of residence. It's no wonder we have crazy speculative demand for housing. Thanks daryl.
    3
  1075. Love the accelerator analogy @mayormccheese6171
    3
  1076. Thanks for sharing @galx3788
    3
  1077. Agree @johno6294 and I have done videos focusing 100% on property concessions
    3
  1078. Hmm, now that would be very interesting Cind Ers!
    3
  1079. Hi @timtam8780, currently renting but have owned a home
    3
  1080. It's great you're trying to take action for your family @JacoJohan46664. All the bestπŸ™β€οΈ
    3
  1081. πŸ’―@derekhoole7156. The ultimate example of short sighted policies are the first homeowner grants they always come out with - instead of trying to reduce the speculative demand in the market - which is at the root of the problem.
    3
  1082. Absolutely spot on Eamon Glavin. Over the past 30 years, the Australian Housing Market has been the closest thing to a sure bet which has turning housing into a speculative wealth instrument. https://youtu.be/D6nkWbvZKuI
    3
  1083. That's an excellent analogy Brisbane 火腿蛋. There sure seems to be some wild speculation going on. Thanks for engaging!
    3
  1084. 😱😱😱 @GuntherGlesti
    3
  1085. Yep, ultra cheap debt just fuels the Housing Bubble (and central banks have tried to keep rates as low as possible for many years now)
    3
  1086. Cheers @williamcrossan9333
    3
  1087. Cheers @rayjames9835
    3
  1088. What's a down cycle??? πŸ˜‚πŸ˜‚πŸ˜‚
    3
  1089. Thanks so much for sharing @egl3369 - perfectly highlights the current housing insanity
    3
  1090. Me too - but when you put a rocket under house prices and lift them 30 - 40% in 2 years, 500K no longer gets you much anywhere near a major city.
    3
  1091. You seem very switched on Nic. Thanks so much for sharing and I totally agree with your sentiment "Nothing seems to make sense in financial markets or the world these days". For the sake of hard working young people like yourself, let's hope the housing market is reformed so home buyers get a fair go.
    3
  1092. If Gold breaks out to new All Time Highs, Silver could really ROCKET
    3
  1093. This is a tough one becuase negative gearing and capital gains tax discount add massive amounts of demand from investors (which makes it harder for first home buyers as they generally have an advantage). Add to that, first home buyers are paying tax on any income they're saving (or investing) which makes it much harder for them to save a deposit for their own home. All the while, home owners are making tax free gains on their own property that's going up because of the ultra generous tax concessions. Now if houses were affordable for everyone, that wouldn't be a problem - but they're not.
    3
  1094. They are bringing in skilled migrants so some might be cashed up (especially due to the currency conversion) and others could make good money quite quickly and start competing for property.
    3
  1095. But then the Alphabet song wouldn't rhyme 🀣
    3
  1096. Is the pod going in the right direction?
    3
  1097. Giddyup!
    3
  1098. I agree that saving is a good concept - it's just that previous generations have never experience the deterioration of the dollars value like today's young people. That combined with insane house prices is truly a different world.
    3
  1099. πŸ’―
    3
  1100. "Unhappy"?
    3
  1101. πŸ™β€οΈ Third generation Greek
    3
  1102. Agreed @caveyful - that would be bloody sensible!
    3
  1103. higher rates for a long period which change the property landscape significantly IMO.
    3
  1104. Thanks for sharing Sydney. This video has nothing against Landlords. I describe the Australian Housing Tax Breaks that Property Owners are Eligible For. All the best!
    3
  1105. Yep, house price growth against average income is eerily similar
    3
  1106. Thanks for sharing @KoDeMondo
    3
  1107. Cheers @adamhend3211
    3
  1108. 100% agree @Gimli173. Housing tax deductions are so generous it creates ridiculous speculative demand for property which is screwing the entire market.
    3
  1109. Thanks for sharing @CohnmanTheBudbarian
    3
  1110. Spot on @ricecrash5225
    3
  1111. Only in place like Australia and Canada were housing speculation has been a way of life - we've property investing into penny stock trading - just without any of the risk.
    3
  1112. Thanks for sharing @JeremyRogers
    3
  1113. 😍😍😍
    3
  1114. Yep, unless young people receive a large inheritance, they're starting from a massive disadvantage
    3
  1115. Thanks for sharing.
    3
  1116. That's an interesting analogy
    3
  1117. Yeah, it's going to be very interesting to see if more and more countries end up with empty properties like Japan and China.
    3
  1118. Maybe - but then society as we know it is done for
    3
  1119. Cash may finally get some interest payments USAcit. It will definitely be very handy if there is a crash in the housing or stock market!
    3
  1120. Cheers Yalooga!
    3
  1121. "We need the political, economic & patriotic will to snap to action & unite together as Australians for Australia.!" - Love this!
    3
  1122. Cheers @jeffveraart2695 πŸ™β€οΈ
    3
  1123. Sydney's house prices are absolutely ridiculousΒ @ohdearearthlings1879Β 
    3
  1124. Yep, I read that the S&P would actually be down for this year if it wasn't for a handful of AI stocks. Very interesting times ahead.
    3
  1125. Thanks so much @Kawasaki1-m4l πŸ™β€οΈ
    3
  1126. Good advice Soma4u 2.
    3
  1127. Hey mate. Great to see you on my channel. The Mic is great. I don't think I used the best settings for this video but I'll improve!
    3
  1128. Any improvement in housing affordability would be welcome at this stage. However, it's likely that government and central bank policies will do the opposite.
    3
  1129. Gold @V8TVAustralia 🀣🀣🀣
    3
  1130. Cheers Craig. πŸ™β€οΈ
    3
  1131. Hey @nitehawk9270, I'm currently renting but looking to get back into the market next year.
    3
  1132. That's an excellent point @JD-wx3pk. Many Australian's full potential may never be realised due to no housing security.
    3
  1133. Thanks heaps for doing that @yillanayo6628
    3
  1134. I'm imagining it now - would be much better than incentivising everyone to get into massive debt to own a shitbox
    3
  1135. CheersΒ @LordandGodofYouTubeΒ  !
    3
  1136. Not the only ways but sadly working full time is no longer enough (even though it was more than enough just 30 years ago).
    3
  1137. Cheers @ronashman8463!
    3
  1138. Β @thedirtroaderΒ  "They will just kick the can down the road anyway they can." - Yep, until the reach the end of the road. When that will be is anyone's guess.
    3
  1139. Thanks for sharing @Billydevito
    3
  1140. Well history has shown us that inequity left for too long does end up in violence.
    3
  1141. Cheers @truthbetold2012
    3
  1142. Thanks for sharing @barbarianming9227!
    3
  1143. There is a short term fix - they could significantly cut immigration levels. As to overhauling CGT discount and negative gearing, there is no evidence that would destroy the economy as per the research from Grattan Institute: https://grattan.edu.au/report/orange-book-2022/
    3
  1144. Agreed, we've incentivised over-leverage and risky investing into property - because everyone now knows the government can't allow property to crash because of the damage it will do to the economy.
    3
  1145. Yep, that's how broken the housing market is in places like Canada and Australia. There's so much speculative demand now built in the system - plus mass immigration.
    3
  1146. Hey Travis, I really appreciate you watching!
    3
  1147. Yeah, you can negatively gear commercial property. As long as the investment has been made in order to generate income I believe.
    3
  1148. I really appreciate that Ms.Vicki_Aussie πŸ™β€οΈ
    3
  1149. Thanks for sharing your thoughts. You may be right (as the Australian housing market has definitely had a golden run) but that would be terrible for our society as a whole IMO. I'm hoping that housing affordability improves so hard working Australians have a chance to own their own home.
    3
  1150. Sadly it ain't earning tons of money - but you're right about inflation and the need to try and beat it.
    3
  1151. Good point @frozbiggins
    3
  1152. Wow, thanks so much for your feedback and very thoughtful (and excellent) comments David! I hope to be able to keep hearing your thoughts on my video topics.
    3
  1153. Thanks so much Lee Cheng! Did you see the WAF new acquisition? They're going to be producing heaps of gold in the future.
    3
  1154. Thanks for the feedback @SandraKensington!
    3
  1155. Agreed LibertyDownUnder. Interest rates have been far too low for 15 years which has created an explosion of debt into property - and why wouldn't you when property has grown way faster than wages and it's extremely tax effective. If there was more risk to buying property in Australia, demand wouldn't be so massive IMO. Thanks for sharing!
    3
  1156. Great point @williamcrossan9333. Melbourne also didn't do anywhere near as good as Sydney, Brisbane and Adelaide post COVID.
    3
  1157. That's really terrible @Motion2082 and why action needs to be take immediately to improve this housing crisis. Thanks for sharing and I wish you the very best.
    3
  1158. Β @jonathanwright5031Β  Yep, NZ is right up there!
    3
  1159. πŸ™β€οΈ@TattyDarling
    3
  1160. Darren Abela thanks so much! πŸ™β€οΈ
    3
  1161. Australia, New Zealand and Canada all have similar policies and all seem to have crazy expensive housing markets.
    3
  1162. John Pettit, thanks so much for your extremely well written comment. I think you're spot on. Discouraging residential investing by changing the housing taxation policy can certainly help reduce demand and improve affordability IMO. I think we need to get rid of negative gearing, potentially get rid of the capital gains tax discount (or make it so you have to hold the investment longer) and also change the generous depreciation rules as they are not working as intended (e.g. there are multiple knock down investment houses selling at record prices where the investor has also benefited from claiming thousands in depreciation.
    3
  1163. Very well said @dennisperrie
    3
  1164. 😍😍😍@aaronhopkins6697
    3
  1165. Cheers @GeekchessπŸ™β€οΈ
    3
  1166. SUBSCRIBE to my CHANNEL HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1167. Agreed @Deano00777 - you've been completely let down due to our obsession with easy relentless gains via property
    3
  1168. Yes, but for Australia that would be classed as a crash because Australia has only ever seen very small declines like 10%.
    3
  1169. Interesting thought Liba. Thanks for sharing!
    3
  1170. Thanks very much for sharing those thoughtful insights @andymanaus1077!
    3
  1171. Thanks for sharing @davidhawkins4495
    3
  1172. 😍😍😍@becsterbrisbane6275
    3
  1173. 😍😍😍@peterenglezos2880
    3
  1174. It's looking more and more ready to break-out to new all time highs
    3
  1175. Wow, I didn't know that about new builds. Thanks for sharing Last_Samurai!
    3
  1176. Cheers @Geekchess !
    3
  1177. Yeah, I'm not sure if he can fathom some of the struggles some people are going through.
    3
  1178. 😍@romanbrandle319
    3
  1179. If you currently have any investments in precious metals, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you've never invested in precious metals, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1180. Excellent point @sheezy2526, however the value of land as a share of GDP is still very worrying.
    3
  1181. Thanks for taking action @michaelwestacott7698
    3
  1182. 😍😍😍@xFENRISx
    3
  1183. Thanks for sharing Charlie!
    3
  1184. Β @apieceOfeightΒ  Hi, you can buy any stocks by using an online broker. If you're in Australia, you can use a broker like CommSec. You can then do a search for gold stocks in Australia and research the companies. If you wanted to buy a basket of gold stocks, there's options like GDX.
    3
  1185. Just like John Wick, you can't kill the Australian Housing Market!
    3
  1186. Yep, there's a real housing crisis happening which is affecting a great number of people. Reducing the current record inflation levels would certainly help
    3
  1187. I disagree @josephblogs352. A lot less investors which invest into property if there was no capital gains tax discount. As a result, there wouldn't be as much speculative demand for property and therefore, house prices would not rise as fast IMO.
    3
  1188. Thanks for sharing @DavidHarrisonDGH. Affordable housing should be a priority of all countries IMO.
    3
  1189. You're right Pia. Property owners have a massive advantage buying other properties compaired to renters. That's why property owners have been able to buy more and more properties while more Australians can't afford any home. This is why I'm fighting for over-generous housing taxation policies to be overhauled so our policies work for all Australians - and not just property owners.
    3
  1190. Thanks heaps for the update @williamcrossan9333. Please keep them coming!
    3
  1191. Australian house prices are not allowed to crash - it's written into lawΒ @australienski6687Β 
    3
  1192. Thanks for engaging Thomas100c.
    3
  1193. Wow, thanks for sharing @rubybonsparkletits2323 - this is really sad
    3
  1194. πŸ’―Spot on Alex - if you have a problem, you take proactive action. Like you said, work towards increasing supply for the future but also utilise existing stock more effeciently!
    3
  1195. Β @swedish_sadhguru3854Β  Thanks for sharing
    3
  1196. Hey thanks heaps @user-lh5kn8tv4f - I love that you take an interest!!!
    3
  1197. Thanks for sharing @Sagitdragon
    3
  1198. Real estate should rise as an asset but the rises should be more in line with wages. Because they've risen way faster than wages, it would be best to see a decline imo
    3
  1199. Thanks for watching @JohannesNielsen
    3
  1200. Hi @MariamMariam-ue7vz, thanks so much for sharing your insights and personal challenges you're facing during this time. Non homeowners and recent home buyers are baring all the brunt of reckless policies and it's having a massive effect on people's lives - as per your story. I really appreciate you engaging and wish you all the very best πŸ™β€οΈ
    3
  1201. We desperately need a nice correction to take the speculative element out of the market
    3
  1202. Yeah, and reduce the ultra generous housing tax deductions
    3
  1203. It really shouldn't be allowed when house prices are so expensive.
    3
  1204. 😍@davidbray2500
    3
  1205. Spot on @Zilron38πŸ’―
    3
  1206. Β @ConstructionHoneyΒ  Thanks for sharing!
    3
  1207. Β @smajliiickaΒ  Thanks for sharing
    3
  1208. 😍😍😍 @markwilliams4362
    3
  1209. It's really quite a betrayal IMOΒ @robbieking1760Β 
    3
  1210. Appreciate the support @lowtec1969
    3
  1211. Pelusacollective you're right, median house prices are much more affordable in Perth than most of the rest of Australia. As a result, they may not be impacted as much by a significant correction or even a housing crash. Thanks so much for engaging and all the best!
    3
  1212. What a great rate for a long period. Here, the longest the banks allow people to lock in interest rates is 5 years. Because of the short periods, a lot of people here don't even lock in at all and just pay the variable rate. A lot of people will be coming off a locked in period next year so they'll get a nasty surprise when they have a large jump in interest rates.
    3
  1213. Cheers @nicholasbaker8158. I hope the situation improves
    3
  1214. Not even a bloody lamp-post!
    3
  1215. It will help reduce some of the speculative demand so is a step in the right direction IMO.
    3
  1216. Thanks for sharing @glennbowker7403
    3
  1217. They certainly are expensive. I wonder if technology in the future will start to reduce the cost to build?
    3
  1218. I really appreciate that @WhoTube277 !
    3
  1219. Perth has seen crazy demand but they should eventually ease as I feel it unsustainable to keep going like it has been. Melbourne is now more affordable than other cities which is quite crazy to think about.
    3
  1220. Thanks so much Josh Marks. I definitely think house price growth over the past 30 years is unsustainable but Australians are obsessed with property - so any large correction would have a massive effect. I will be very interesting to see what happens. All the best!
    3
  1221.  @feral4mr2  😍
    3
  1222. "This can has been kicked too long societies are beginning to collapse it need immediate action!" Absolutely agree @itsonlyafl3shwound
    3
  1223. Yep, that's why Australia has the reputation of the never ending housing boom.
    3
  1224. If you think Australian house prices are headed lower, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you think it's onwards and upwards for Australian house prices, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1225. Thanks heaps @williamcrossan9333!
    3
  1226. Yep, both Australia and New Zealand have turned housing into a Speculators Paradise and now we find ourselves in a Massive Housing Crisis. Thanks for sharing Carl!
    3
  1227. Imagine what it was like when hosue prices were only 3x the average wage (like in 1990). All the best!πŸ‘
    3
  1228. Spot on @aurus6483. We've gone from only needing one income to buy a house and having kids to now needing 3 incomes for the exact same thing.
    3
  1229. Dead right - we've destroying the housing market in a few short decades
    3
  1230. "like they're getting a weird high from watching unaffordability indexes soar." - Great observation @shaun2072, they actually seem to have no concern for non-property owners who are being pushed towards poverty.
    3
  1231. Cheers @peterforsyth962
    3
  1232. Thanks for sharing @rachelbyrne8464
    3
  1233. One quarter - that's insane. Thanks for sharing Amgis
    3
  1234. Β @jeffotoole4509Β  Thanks so much for sharing some local Canadian perspective Jeff. The trouble is, making wealth from property is like a religion in Australia and is probably similar in Canada. When property gains massively outperform wages, everyone wants in on the action. It would take a lot to take this out of the culture - but higher interest rates for lengthy periods could start to change things.
    3
  1235. Increase the length of mortgages to 40 or 50 years. There's plenty of ways they can keep pumping the ponzi
    3
  1236. What could possibly put an end to the 30 year Aussie Housing Boom???
    3
  1237. Because it's doomsday for a lot of Australians right now. Just because heaps are doing great financially, doesn't mean there aren't thousands hitting their absolute limit.
    3
  1238. Thanks for sharing Kelvin.
    3
  1239. 😍😍😍 @TattyDarling
    3
  1240. Yep, you get taxed to the hilt and then have to pay ridiculous prices with after tax money.
    3
  1241. Thanks for sharing @XTSonic. It will be very interesting to see what happens when unemployment starts to rise. But NZ went super hard with rate hikes so they have the best chance of smashing inflation quickly.
    3
  1242. But that's unheard of in Australia so it will be very interesting to see what happens!
    3
  1243. Either way, house price affordability needs to improve for future generations IMO, so they have decent opportunity of home ownership. Otherwise only kids that receive large inheritance will ever be able to afford a home.
    3
  1244. Cheers @homeautomationlab1533!
    3
  1245. πŸ™β€οΈ
    3
  1246. Take some accountability???
    3
  1247. Hi Β @momentum28Β  , I don't think there's a quick fix but there's definitely action that could be taken immediately that could start improving things. Thanks for sharing!
    3
  1248. πŸ™β€οΈ@kimmaree2608
    3
  1249. Yep, property owners love massive gains but it will end in huge societal problems.
    3
  1250. Hmm French Revolution 2.0?
    3
  1251. Good point Simon. However, with the current crisis there are many people just wanting any home I reckon. Sadly, more tents are popping up around the suburbs.
    3
  1252. Thanks for sharing @buddyrojek9417. All the best!
    3
  1253. Subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw.
    3
  1254. Spot on @joanneburford6364!
    3
  1255. Absolutely Winston. Australia's house prices have seen very few declines over the past 30 years so there's been no real experience of negative equity. This time might be different however.
    3
  1256. 😍😍😍@Peekaboo-Kitty
    3
  1257. πŸ’―
    3
  1258. Wow, thanks so much for sharing @beautanner8409 - sounds so much like Australia is isn't funny
    3
  1259. Great proposal andre0000000007.
    3
  1260. Wanna join our community so you can get independent analysis and commentary? Subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1261. Thanks so much for your support @Vicki_Aussie_Girl!
    3
  1262. Cheers @karlcotleanu486!
    3
  1263. Great point, but I don't think as many young people were able to Cash in on Crypto like Baby Boomers did with Housing. Thanks for sharing!
    3
  1264. Is it really $850 per year?
    3
  1265. Cheers @mikebuckley46!
    3
  1266. 😱😱😱 @PhiliusMaximus
    3
  1267. Yep, that definitely makes the most sense - NG only for new supply of housing
    3
  1268. You're 100% spot on in my opinion Dean. in Australia, the housing market is so heavily supported through very generous policies, that it just encourages everyone to borrow as much as possible because it's pretty much gauranteed to give a great return. And governments don't lead by example regarding responsible fiscal management - Debt too big, they'll just print more money and make it bigger, and then try and inflate away the real value of that debt.
    3
  1269. 😍😍😍 @Kramerrizz
    3
  1270. Wow, thanks @jean-lucpicard5030😍😍😍
    3
  1271. He must have a nervous smile but I'd be working on that if I was him.
    3
  1272. Thanks for sharing @123mandalore777
    3
  1273. Yep, I can't believe all these sweetener type deals they come out with that never ever tries to address the root causes of the housing crisis - and just make it worse.
    3
  1274. Β @ramratansinghi8661Β  Australain housing has been a sure bet for 30 years which has encouraged everyone to get into as much debt as possible to buy as much property as possible.
    3
  1275. Β @sulimanthemagnificent4893Β I love this: "know with certainty they'll try reflate the bubble"
    3
  1276. How do you see the banks crashing?
    3
  1277. Will Australia ever experience a real housing crash?
    3
  1278. Thanks so much @gcc849πŸ™β€οΈ
    3
  1279. Great feedback - thanks @ScozzieπŸ™β€οΈ
    3
  1280. Very true @wildflower7574 - but also if people stopped spending big on short term rentals they would stop doing it - but too many people are cashed up from the housing bubble
    3
  1281. I don't understand why we're not banning foreign ownership - especially now when we're in the middle of a crisis.
    3
  1282. Myself.and my parents were born in Australia
    3
  1283. Wow, thanks so much @bfnew4440πŸ™β€οΈ
    3
  1284. "The Australian property market is one of the biggest ponzi's in the world." - Sure is @rosshitchen-ij6en - thanks for sharing
    3
  1285. Good point
    3
  1286. Yes, it's gotten ridiculous
    3
  1287. I believe the obsession came about due to consistent oversized capital gains over multiple decades
    3
  1288. Wow, thanks so much Crispycrunch124. I really appreciate itπŸ™β€οΈ
    3
  1289. Yes, I've wondered that as well
    3
  1290. I like to think some steam will come out of the market but nothing surprising me anymore - Like I mentioned in the video, we could have a nuclear catastrophe and the only thing standing will be the strength of the Australian Housing Market. Obviously an exaggeration, but that's how it's starting to feel.
    3
  1291. Great insights green lamp. Thanks for sharing!
    3
  1292. Thanks so much for sharing @alech120. Yep, there's so many unknowns at the moment but like you said, we may not be lucky forever.
    3
  1293. Cheers @MrFastFarmer
    3
  1294. That's what I'm worried about
    3
  1295. SUBSCRIBE TO MY BEAUTIFUL CHANNEL HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1296. Yep, completely different buying conditions back then. It was easier for a single income earner to buy and pay off a house back then - than it is now with 2 incomes.
    3
  1297. But do they have the kahunas to do the right thing?
    3
  1298. 😊😊😊
    3
  1299. Β @coasterblocks3420Β  Creates a very divided country
    3
  1300. That's incorrect.
    3
  1301. Bloody Classic
    3
  1302. 😍😍😍@q.a.2875
    3
  1303. Sounds biblical
    3
  1304. Whether it's Greeks buying or someone else, they shouldn't get away with a risk free investment that supported by the government and RBA. Investing should be risky to reduce crazy speculation IMO.
    3
  1305. This is starting to get serious Palladium followers. We've broken out Big Time and Palladium is currently sitting at brand new ALL TIME HIGHS (US 3358) at time of writing. This could be the start of a Massive Multi-Year BOOM for all Precious Metals. Don't get Left Behind. https://youtu.be/cGdOVkT-wes
    3
  1306. The housing market is so broken and unfair it needs a lot of repeating IMO
    3
  1307. Β @glassy2937Β  Yep, they've royally screwed non property owners (especially those who won't receive a property inheritance).
    3
  1308. Β @apieceOfeightΒ  Interesting thoughts
    3
  1309. Β @bjjnnnkakka7813Β  What if the bottom is bigger than expected??? We all have big bottoms sometimes!
    3
  1310. Yeah, me too. Especially when house prices were sky rocketing and they were still making that prediction. All the best!
    3
  1311. Cheers @msrcoldrooms8754
    3
  1312. I don't understand why they're pursuing ultra high levels of immigration right now when we're in the middle of this crisis.
    3
  1313. Hi @ldandco, as I mentioned in the video - there seems to be 2 classes of people. Those who won the equivalent of the lotto from COVID policies, and those who don't own property. People buying property are cashed up investors, cashed up foreigners, and renters who are desperate to escape the rental crisis.
    3
  1314. SUBSCRIBE here for more reactions, analsysis and commentary: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1315. Cheers @brandonstaples7300πŸ™β€οΈ
    3
  1316. I know Justin. Great country but we've lost control of housing IMO.
    3
  1317. Thanks for engaging Anthea. I think it all depends on how high interest rates go and how long they stay at those levels. I don't think the government will allow housing to crash (as it would be devastating fo the economy), however, we could see some significant declines if interest rates stay higher for longer.
    3
  1318. 😍😍😍 @hyhhy
    3
  1319. Someone needs to stand up and try to remove the speculative demand that's destroying housing affordability.
    3
  1320. Cheers @tomr5389!
    3
  1321. Yeah, it's a balancing act. However, if we can remove a lot of the speculative demand where people are just buying for profit, that will go a long way to improving affordability IMO.
    3
  1322. Β @toniau613Β  Thanks for sharing TomTom. I can't believe how expensive Hong Kong property is. My friend came from there and told me how much the units are worth. If your parents didn't own property or have money, how would young people afford their first property?
    3
  1323. Thanks so much @breaking-the-fiction-addic4185. Yes, they've made a right royal mess of things!
    3
  1324. Not sure, but his worst mistake IMO was forecasting no rate rises until 2024, being way too slow to raise rates when it was clear there was massive speculation into housing, and then not taking any responsibility for any of it.
    3
  1325. Yes I showed that in the video - it will be interesting to see what happens over the next 12 - 24 months.
    3
  1326. Thanks @choopa1670
    3
  1327. Yes it would because we would have net population decline and more supply than required. This would give power to the buyer and sellers would have to reduce their prices accordingly. Japan has population decline and no immigration and their houses are very cheap.
    3
  1328. 😱😱😱
    3
  1329. Cheers matthew
    3
  1330. That's a bloody worry
    3
  1331. Thanks so much @ADayInTheLifeOfJames! πŸ™β€οΈ
    3
  1332. He didn't look too happy 😑😑😑
    3
  1333. Wow, your story really highlights the shocking state of teh Australian housing market. Thanks for sharing @123mandalore777 πŸ™β€οΈ
    3
  1334. Yep, NZ also raised rates way higher and their house prices have fallen significantly
    3
  1335. "The only black swan event that would drop house prices in Sydney is a direct hit by an asteriod." I love this visual. That's definitely how it feels at the moment. As they say, we could have nuclear destruction and the cockroaches would still be competing for Sydney property.
    3
  1336. Thanks for sharing
    3
  1337. 😍😍😍@vaspats
    3
  1338. Currently trying to build a home
    3
  1339. Well they do seem to support property owners will all the policies that ensure speculative demand runs rampant
    3
  1340. Thanks for the suggestion. I'll add it to my video idea list!
    3
  1341. Not me, he sounds like a drunken hobo
    3
  1342. tim Brooks, I'm just stoked you commented. Subscribe and you'll blow my mind!
    3
  1343. Thanks so much for commenting from the US Dario. I feel like governments have let the housing bubble get out of control and many people will suffer because of it.
    3
  1344. Sure is. But will they drop rates when the economy starts to falter?
    3
  1345. Β @brettsharp5074Β  Thanks Brett!
    3
  1346. Yeah, there's so many policies creating ridiculous demand for property it's not funny. If we can overhaul some of these policies, we could see affordability start to improve.
    3
  1347. Great calls - but will interest rates stay high or will they drop them when the economy starts to falter?
    3
  1348. πŸ™β€οΈ@Family-un3rf
    3
  1349. And if house prices rose approximately the same as wages, future generations would have the same opportunities of home ownership.
    3
  1350. Labour in power Federally in Australia and also pretty much every state
    3
  1351. Cheers @williamcrossan9333, I appreciate it!
    3
  1352. But will they scrap generous housing deductions like negative gearing and capital gains tax discount to pay for the social housing???
    3
  1353. Abel Gonzalez, thanks so much for sharing your expectations for the Gold Price. Best wishes for all your endeavors!
    3
  1354. Interesting thoughts Ralph. I'm not sure how much inflation might be due to fudning for Ukraine, but I do know that all the trillions of spending by the Fed and other central banks over the past Decade has had a major effect.
    3
  1355. Β @Icipher353Β  Spot on
    3
  1356. Cheers @Million-os7dp
    3
  1357. Wow, thanks for sharing @dimitri6374
    3
  1358. Yeah, policies seem to massively favour property owners in Australia which is creating a broken and unfair system IMO
    3
  1359. "It is going to be almost impossible to unscramble this egg" - love this analogy @mattk-kf9fx
    3
  1360. No the market isn't crashing at the moment but the bubble needs to deflate if housing affordability for all Australians is going to improve. I've also seen a lot of YouTubers saying that prices will keep going up - so you'll always see a mix of opinions which is healthy I reckon.
    3
  1361. Hi @user-rf3xh6xg9, I can't advise as anything can happen - but I wish you all the very best.
    3
  1362. Hey Nicholas, it's true Australia has had a golden run for 30 years but now house prices are ridiculously expensive compared to wages. Sydney now has the 2nd most expensive houses behind Hong Kong. Yes, house prices could keep outperforming wages, but that will end in massive societal issues, which we're starting to see now. Thanks for sharing!
    3
  1363. That's not true - you didn't even watch the video where I presented the data
    3
  1364. Cheers @user-tb9yp8rr5w. Trouble with the housing market is that there's too many vested interests wanting to keep prices sky high
    3
  1365. Why, you don't think good points can be made on any network?
    3
  1366. You're dead right - there's heaps of things that could be done to remove the speculative demand in property
    3
  1367. That''s super interesting you feel to do that @user-hm7bd8hm8l - thanks for sharing!
    3
  1368. What about the one which says "hard times create strong men, Strong men create good times, Good times create weak mean, Weak men create hard times". Which one do you think we're in now?
    3
  1369. 😱😱😱
    3
  1370. Cheers Brett. I appreciate that!
    3
  1371. Thanks so much @ParashuVisu 😍😍😍
    3
  1372. Thanks for the encouragement James! πŸ™β€οΈ
    3
  1373. Thanks very much for sharing your insights. I agree, we may have seen the end of the ultra low interest rates era and many people could get shocked.
    3
  1374. Hi @downundertruckerusa4733, can you elaborate on why Pittsburgh is a toilet?
    3
  1375. πŸ™β€οΈ@xFENRISx
    3
  1376. You're absolutely spot on Amgis. Your solutions would correct housing affordability quick smart. Keeping interest rates ultra low artificially inflates house prices and encourages speculation and over-leverage. However, it and does massive damage in the long run. Thanks so much for your support!πŸ™β€οΈ
    3
  1377. We need more people to be able to afford a home over investors being able to buy multiple investment properties IMO. Thanks for sharing Quimbyrbg!
    3
  1378. Thanks so much for sharing Francis Foley. Now that Crypto has crashed and the Stock Market is starting to crash, will Housing be next?
    3
  1379. Spot on @sirdekkar
    3
  1380. Hi MMF, first thing, congratulations on having no debt and saving cash. That's an excellent job and you should be proud of yourself. House prices have seen a crazy rise due to multiple factors all occuring at the same time so all that is out of your control. The safest way would be just to keep your money in the bank. Hopefully rates will rise can you can earn a little bit more interest. If you combine that with trying to find ways to earn extra income which I discuss in this video: https://youtu.be/diWAgXlBzFE, then you could potentially save more money and obtain new skills that might serve you the rest of your life. Of course you can invest the money into the stockmarket or crypto but there is plenty of risk at the moment due to the large rises they've seen, so you would just need to be aware that you could lose some of your money. Thanks for reaching out and I wish you all the very best!
    3
  1381. Cheers @aNf0m0f0
    3
  1382. Thanks for those interesting thoughts youbigtubership!
    3
  1383. 😍😍😍@joekeegan-yc4nm
    3
  1384. Or is there too much desperate FOMO. I feel we'll only see a real decline when unemployment starts to rise significantly
    3
  1385. Β @dcosta4173Β  100% agree D Costa. Thanks for sharing.
    3
  1386. Absolutely @mrdisklow
    3
  1387. What gets me is that for 12 months, the RBA kepts saying they don't expect rates will rise until 2024 - even thought it was clear to every single person in the country that massive speculative frenzied buying had entered the housing market. How on earth could they ignore that for so long is beyond me. Cheers Retro Thingz!
    3
  1388. Australian house prices are never allowed to fall - that's written into legislation!!!Β @austinmackell9286Β 
    3
  1389. Australian house prices aren't allowed to crash - that's the law
    3
  1390. Very interesting thought @robb5642
    3
  1391. 😍😍😍
    3
  1392. Thanks heaps @michaelougarezos8963. πŸ™β€οΈ
    3
  1393. They're looking at the median house price and a person on the median wage etc. in Brisbane, the median house price is now over 800K.
    3
  1394. It's quite staggering how a 2 income couple find it harder to buy a home now than a 1 income couple just 30-40 years ago. Thanks for sharing @TheNanoNinja!
    3
  1395. If affordability continues to deteriorate, that will be terrible for society and create a lot of unrest IMO.
    3
  1396. Yeah, that often happens due to keywords and heaps of ads about that sort of stuff
    3
  1397. Cheers @xFENRISxπŸ™β€οΈ
    3
  1398. Spot on, it's not high based on historical mortgage rates, but it is high based on many people having mortgages around 10x their incomes - which is most a lot of people buying today.
    3
  1399. Cheers - I don't like making predictions anymore before government and central bank policies can impact things so much. If we continue pumping up house prices with supportive policies - we'll face some bad societal consequences imo.
    3
  1400. Agreed @mohhingman. An increase in unemployment would have a large impact.
    3
  1401. Hi Mohammad, I just posted a video about Shiba Inu: http://www.youtube.com/channel/UCJcG4h63P7LUa-e3RrywdvA I'll be posting different videos about investing and finance (including real estate, stock market, crypto, creating wealth etc. What's your favourite topic?
    3
  1402. Β @jeffeveritt8260Β  Wow, thanks so much for sharing.
    3
  1403. And the think Australian house prices were already extremely expensive prior to the pandemic - where they put a rocket under them and created a housing crisis.
    3
  1404. We live in hope Ms.Vicki_Aussie!
    3
  1405. 😍😍😍 @ewanjack8374
    3
  1406. Absolutely. Ultra-generous housing tax deductions has placed so much demand on housing it's not funny. Why won't they overhaul these policies that have turned the housing market into a speculators paradise???
    3
  1407. πŸ™β€οΈ @wastedpotato4555
    3
  1408. Β @scottw2317Β Thanks for sharing this great response. If you scrap negative gearing and reduce capital gains tax discount, it would just reduce some of the overall speculative demand for housing. It wouldn't solve every problem but it would definitely be a start. There are many countries in the world that have way better housing affordability and this is predominantly due to their housing policies, because they've set them up purposely to stop speculation on housing.
    3
  1409. Β @libatalklieb5793Β  In many countries it can be a better option to rent, (as both house prices and rents are cheap). However, Australia's house prices have risen way faster than wages so it's hard to make those sort of unbelievably tax effective gains in other areas.
    3
  1410. That's a great point sonpollo. Really, anything can happen and I certainly don't think the experts have any clue.
    3
  1411. Thanks for sharing Mike!
    3
  1412. .
    3
  1413. Trouble is, less than 10% of negative gearing claims are against new builds
    3
  1414. Hi Richard, yes could be seen as a short term double top but I see it as just a failed test of a major resistance level. 10 year cup and handle pattern forming very nicely. Yes, short term gold could move lower, but I expect it will inevitably break above US 2000 and then the next Gold rush will begin.
    3
  1415. Thanks for sharing!
    3
  1416. Yes, considering the vast numbers of properties they own, it would seem like a conflict of interest!
    3
  1417. I don't think most people are against immigration, I think they're against the ultra high levels of immigration (both students & permanent) when we're in the middle of the housing crisis.
    3
  1418. Hey @maximoutbound1265, I'm from Queensland
    3
  1419. Wow, thanks so much @personalwatching9312πŸ™β€οΈ
    3
  1420. I really appreciate thatΒ @jackattackplay9543Β 
    3
  1421. Great analogy @iainw5081
    3
  1422. 😍😍😍@user-mw4go7ez9t
    3
  1423. It makes you even question working when property rises more than wages
    3
  1424. Yeah, a bit like groceries. If if the prices stay flat they're still ridiculously more than they were a few years ago
    3
  1425. CGT discount started in 1999 - negative gearing was in before that
    3
  1426. Thanks for sharing @user-is7mk8jq9p. It is a basketcase (IMO) because there's no way it should have been allowed to become this speculative. It's not like Australia is a tiny land mass with massive population like Hong Kong - yet Sydney is classed as the 2nd most expensive city in the developed world. How is that not a complete disaster 3 decades in the making?
    3
  1427. Absolutely 100% agree. The trouble is, they kept rates so low for so low that everyone is now dependent on it like a drug. When you take drugs away from addicts, things get volatile. Let's see what happens from here!
    3
  1428. "When this starts to revert, then all chaos is about to break loose." - It's going to be very interesting
    3
  1429. This is a good point @smitajky . A lot of wealthy people purposely buy ultra expensive houses to live in so they won't pay any capital gains tax on any gains.
    3
  1430. If prices keep rising fast than wages, it would be terrible for our society IMO.
    3
  1431. Cheers @stevo728822!
    3
  1432. Agreed Phemruto. Housing policy reform is required to remove some of the speculative demand and slowly get back to a less distorted market. Thanks for sharing!
    3
  1433. Thanks very much @itsonlyafl3shwound!
    3
  1434. Just plain shocking and should never have happened. Thanks for sharing @jimw7916
    3
  1435. 15% drop from these levels will be a big deal if it happens
    3
  1436. Very interesting - thanks for sharing @KoDeMondo
    3
  1437. Great point @mkuc6951. If enough "noise" was made, then things would likely change.
    3
  1438. "Our house prices have gone beyond ridiculous" - Absolutely right Kym!
    3
  1439. Well summarised @wildflower7574 . Trouble is, more than 1 third or Australian households now rent so the government can't just ignore this group that now makes up millions of people.
    3
  1440. Yes, the way it's headed we're looking at a massive wealth divide
    3
  1441. That would be a great start @rc2276
    3
  1442. Renters getting royally screwed over in this country.
    3
  1443. Thanks for sharing @InfinityIsland2203
    3
  1444. Nah, I want non homeowners and future generations to have the opportunity for home ownership that previous generations enjoyed
    3
  1445. Thanks for sharing!
    3
  1446. Well most of them own multiple properties so they do very well out of ultra high house prices
    3
  1447. Trouble is, investments should by their nature contain risk but Australian housing contains very little risk as the government and RBA always seem to prop up the market.
    3
  1448. Cheers frymangalore! mk2 . I centainly agree that we're in for a bumpy ride!
    3
  1449. I hear ya!
    3
  1450. nelson bran, thanks for sharing your thoughts on Rhodium. I'm going to start following it!
    3
  1451. Cheers Arran. I can't ever recommend any stocks. However, if someone was willing to invest into a gold mine in South Africa (understanding the sovereign risks), then Tietto would definitely be worth a look IMO.
    3
  1452. Thanks for sharing those very isightful thoughts Blake. I agree action needs to be take immediately. All the best!
    3
  1453. Thanks so much for sharing DΕ«m DΕ«m Brown. Your story is actually very sad and one of the reasons why I make these videos. My hope is that housing affordability will improve so more first home buyers have the opportunity to own their own home. All the very best!
    3
  1454. 😱😱😱@jism1125
    3
  1455. Thanks for sharing!
    3
  1456. Excellent points Aaron. Home owners pay no capital gains tax on their own home, but people trying to buy a home have to pay tax on everything, including the income on the money they try and save for a deposit. Add to this negative gearing and capital gains tax discount for property investors, it's easy to see why they have a massive advantage over people trying to buy their first home. Housing policies should benefit both property owners and non property owners so it's an even playing field just like you said.
    3
  1457. Cheers @matt79hz, what mic do you recommend?
    3
  1458. Hey cheers @Aust2008 . I really appreciate your support πŸ™β€οΈ
    3
  1459. Thanks very much lowtec1 πŸ™β€οΈ
    3
  1460. 😍😍😍
    3
  1461. Hi all, this video has nothing against Landlords. Property investment is a great strategy IMO. This video focuses on the current Australian Housing Taxation Policies.
    3
  1462. Yeah Bjjnnn Kakka , it was great to see Gold rebounding quite strongly after it briefly fell below US 1800. I feel strongly that there will be a massive rush to Gold in the future - just not sure exactly when. I can't wait to see Gold genuinely break above US 2000.
    3
  1463. Thanks for sharing @erimart63
    3
  1464. Hey @HorseHeads-qo8zw, yep my Grandparents come from Rhodes. Thanks for sharing!
    3
  1465. I know
    3
  1466. Australian isn't lucky at all if you don't own a property
    3
  1467. Thanks DΕ«m DΕ«m Brown! πŸ™β€οΈ
    3
  1468. For a good time, Subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1469. Thanks for sharing!
    3
  1470. Are you noticing less houses going to auction?
    3
  1471. 🀣🀣🀣 @jamesgan8877b
    3
  1472. Gotta be someone ultra gorgeous me thinks! πŸ˜‚πŸ˜‚πŸ˜‚
    3
  1473. I really appreciate that @davidwhelan4803!
    3
  1474. Lucky for some, unlucky for others - at the moment
    3
  1475. Thanks for sharing TJ Bubb. Yes things are really starting to get a bit shaky
    3
  1476. πŸ™β€οΈ@jaydencarpenter1382 - you're doing well in a rigged system mate
    3
  1477. Β @timlarcombe6831Β  Thanks for sharing Tim. The system is definitely distorted and creates massive inequity which is terrible for society IMO.
    3
  1478. πŸ™β€οΈ@alaricgoldkuhl155
    3
  1479. Agreed @itsonlyafl3shwound. Many couples aren't even having children because of expensive housing and cost of living.
    3
  1480. Wow, thanks so much for sharing @tenpoundpoms1600. 1.4% fixed for the life of the loan is absolutely incredible
    3
  1481. Spot on @bobohare6240. Japan not allowing immigration has had a massive effect on their housing market with massive surplus of property. Of course, their birth rates are also some of the lowest in the world as well.
    3
  1482. Well they were tanking and certainly policies created massive demand across the entire country. It's sad for future generations how much speculative demand has entered the housing market.
    3
  1483. Cheers @huguesmoreau9256
    3
  1484. I like the fishing analogy!
    3
  1485. Great to hear from you TheMacnizel. It sure will be interesting if interest rates keep going up. The trouble is, all our housing taxation policies are extraordinarily generous which is why I believe they need to be overhauled if housing affordability is genuinely going to improve over time.
    3
  1486. "taxpayer funded Ponzi scheme" - I love that ❀️❀️❀️
    3
  1487. 😍😍😍@williamcrossan9333
    3
  1488. That's shocking and extremely sad @CraigAB69. Thanks for sharing and I wish your family all the best!
    3
  1489. πŸ˜‚πŸ˜‚πŸ˜‚
    3
  1490. Hi, I can't show too much of the clip as my YouTube video could breach their content guidelines
    3
  1491. Hi @Vicki_Aussie_Girl, no not at this stage. I have a Twitter page: https://twitter.com/BikoKonstantin1 and a Facebook page: https://www.facebook.com/bikokonstantinos1
    3
  1492. Let's hope this addiction to ultra high house prices ends!
    3
  1493. If there is a plan to remove home ownership, I don't know what it is, so it could be either of those scenarios. What do you think?
    3
  1494. I'm not against home ownership at all, I'm fighting for future people to have a reasonable opportunity to own a home as well. If house prices keep rising faster than wages, it will be harder and harder for young people to get into the market - especially they don't receive an inheritance.
    3
  1495. There's no way interest rates will ever get that high because of massive debt levels around the world. Even above 10% would result in a massive crash to the global economyΒ @nevmcc3884Β 
    3
  1496. Thanks so much for sharing Brett. Investing in appreciating assets is a brilliant strategy and congratulations for doing well with property. I'm for both property owners and non-property owners, so because of this, I'd like to see housing policies set up so everyone has a good opportunity to afford property. I think it's actually worse for property owners if housing affordability completely deteriorates. That would cause desperation and potentially revolt among renters and the government could be forced to take more drastic action (which could adversely affect property owners). Look to France to see what happens when there is mass anger from large sections of the community. Hey I really appreciate your follow and hope to keep hearing your perspectives!
    3
  1497. H A, thanks for sharing these great thoughts. All the best!
    3
  1498. Great point Montez Diego!
    3
  1499. 😍😍😍@SimmoR-mr9by
    3
  1500. Yep, destruction of the value of every dollar.
    3
  1501. Thanks for the support @TakeShotAction
    3
  1502. Silver could see massive returns over the coming years as it normally rises in much great percentages than gold.
    3
  1503. I just hope housing affordability improves so future generations have a fair opportunity of owning their own home.
    3
  1504. "Nomedia uproar, they have huge investments in real estate" - precisely!
    3
  1505. "Snow Balls Baby" - for more amazing humour like this (and independent content of course), subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1506. They say they can't buy established houses but there's many ways around it (from what I've heard).
    3
  1507. For all your dreams to come true, Subscribe to Biko Konstantinos: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1508. Cheers Dino! πŸ™β€οΈ
    3
  1509. Thanks for sharing the local realityΒ @mrhairris2112Β . I would love to keep hearing what happens over the coming months!
    3
  1510. That's an interesting oneΒ @afrivoxMoneyΒ . I agree, both NZ and Australian housing markets really need to deflate to improve housing affordability. But will that happen with so much immigration and speculative demand?
    3
  1511. Wow, that would be massive if it happensΒ @gio5408Β 
    3
  1512. Thanks for sharingΒ @gio5408Β 
    3
  1513. Yes, currency volatility could definitely eventuateΒ @sdrc92126Β 
    3
  1514. ClassicΒ @Ralph_Baric_PhD_C2019Β  , thanks for sharing!
    3
  1515. And I would have loved to hear that!
    3
  1516. Who knows these days. Australia seems to want the housing boom to go on forever and ever. But there's major consequences when house prices rise well above wages for many decades.
    3
  1517. Agreed @EduardoRodrigues-kt1qb - thanks so much for sharing!
    3
  1518. Congrats Panman. All the best!
    3
  1519. 😍😍😍
    3
  1520. Cheers @tuanaut - investing in Australian real estate for the past 30 years has been the closest thing to a sure bet due to government policies, and that's how speculative bubbles are created in my opinion.
    3
  1521. This is true, but you can borrow way more for property than any other investment. Combine that with little to know risk due to government policies creating additional demand, then you end up with a distorted market where the vast majority of money ends up in property.
    3
  1522. 😍😍😍 @billyroberts3907
    3
  1523. You might be right @crazyham. A number of people are calling for a property crash in 2026 based on the 18 year property cycle. I still think we could see declines in 2024 if interest rates remain elevated.
    3
  1524. Unhappy?
    3
  1525. Thanks so much for sharing Sydney nguyen. I'd love to hear if the market in your area starts to change over the next several months as the impacts of interest rate hikes are felt. All the best!
    3
  1526. I agree @waynesworld7804
    3
  1527. Yes Bitcoin is currently seeing large inflows
    3
  1528. Cheers Keith!
    3
  1529. I know, it's really quite unbelievable
    3
  1530. Yep, those how have recklessly overleveraged have massively benefited from the housing market that can't lose.
    3
  1531. That's insane
    3
  1532. Thanks @geconstructionservicesgrou1768 😍😍😍
    3
  1533. Yep, that's why I think a sharp rise in unemployment could result in massive pain to the economy and housing market.
    3
  1534. πŸ™β€οΈ @arffadailey8055
    3
  1535. Cheers David! The USA has already started raising interest rates so I wonder if Australia will soon follow suit. The next couple of years are going to be very interesting for housing so we'll have to wait and see what happens.
    3
  1536. Sure do. Gold tested the All Time High levels around 2070 and got sold back down. it will now hopefully consolidate for a while before making another test on that all time high. Once we have a geniune breakout (if we do), then there will be massive interest turn to gold and the precious metals sector IMO.
    3
  1537. Yes, it will be interesting to see if property investments don't pay off over the next few decades like they have over the previous decades.
    3
  1538. "Even the Greek community will be selling 50 dollar Yiros !" - Nooooooooooooooooooooooooooooooooooooooo. You're dead right, if they betray a massive section of the community it will lead to massive civil unrest.
    3
  1539. Yep, I think you can judge the quality of a society but how affordable housing is for everyone. If it starts to become only affordable for the rich, it will lead to a class divide and massive societal issues.
    3
  1540. I don't think you're wrong @bootroota1394. If housing affordability continues to deteriorate, it will be terrible for society and many people will be pushed towards poverty - and that's when people get desperate and crime rises etc.
    3
  1541. Perth seems to be one of the only affordable places left. Sydney has a median house price of 1.2 million. Thanks for sharing JJO117!
    3
  1542. πŸ™β€οΈ@cpatel5397
    3
  1543. It hard to know exactly where we'll land, however a 2 tier society is extremely unhealthy IMO and won't end well if it continues down this path.
    3
  1544. Do you have one too? 😍😍😍
    3
  1545. Agreed Brett, especially if rates stay higher for longer.
    3
  1546. πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜πŸ˜πŸ˜@zwarst
    3
  1547. Yep, Why on earth are we continuing with record immigration levels when hard working Australians are being forced to live in their cars? Thanks @mrdisklow
    3
  1548. Β @WhannydΒ  Boomers win again???
    3
  1549. Hey @finsightfulwealth, I feel like vacancy rates will slowly start to improve but will stay quite low - which will mean a tight rental market for quite some time.
    3
  1550. You can get CGT discoun on assets like shares and ETFs
    3
  1551. Thanks so much for shring @funmud. Yes inequality of opportunity could lead to civil unrest as people reach their breaking points.
    3
  1552. I really appreciate that @richie824!
    3
  1553. 100% agree Jack. There really is so much going on in the Global economy right now that it's really hard to know exactly what housing will do. Once FOMO disappears from the market, prices may automatically decline as the most speculative buyers are no longer bidding up the prices out of desperation. If interest rates have to be raised more agressively, then things will get very interesting.
    3
  1554. Hey @stgnsw - it's a Greek name that's only really used on the island of Rhodes.
    3
  1555. Cheers @user-ic2xt9bj8d, yes it's staggering the lengths they'll go to keep house prices high.
    3
  1556. 100% - that would show consideration for current circumstances
    3
  1557. Thanks for sharing @Toggymok. I've also noticed some people living out of vans.
    3
  1558. With the median house price in Sydney right now around 1.2 million, and the average wage around 90K, I'd say it very hard for a first homebuyer right now.
    3
  1559. Great thoughts and analogy @amgis5218!
    3
  1560. 😍😍😍 @jaredoliver9347
    3
  1561. Disgraceful
    3
  1562. Cheers @kyms9390
    3
  1563. I know, without help from parents it's going to be extemely difficult - which is just not right IMO
    3
  1564. Absolutely, so why don't they take action?
    3
  1565. Insane is accurate, but sadly can also become more insane unless real action is taken
    3
  1566. Thanks so much for sharing your thoughts waffle_burger and congrats for holding possibly the 2 best gold stocks on the ASX. Tietto looks interesting, especially with the potential of being re-rated when it starts producing. All the best and I hope you'll continue to contribute to my channel.
    3
  1567. Β @GodeCynningaz5386Β  Great point
    3
  1568. It's the policies that have created this housing crisis (and massive wealth divide and inequality) that's the real issue IMO.
    3
  1569. Awesome Rhyme!
    3
  1570. Thanks a lot @ADayInTheLifeOfJames!
    3
  1571. Β @tyronecastillo16Β  That's the million dollar question. I don't think anyone knows for sure but I do feel it will happen.
    3
  1572. I really appreciate that @burnthehighway6461!
    3
  1573. Love it @user-lh5kn8tv4f - I'm going to work on deepening my voice!
    3
  1574. ❀️❀️❀️@surferrosa1104
    3
  1575. Thanks for engaging Aziz. Nah, I don't think everything will collapse. Just mainly housing and the stockmarket (and Crypto) since they were artificially inflated due to COVID policies (like lockdowns and reducing rates to zero). We've already since a crypto crash but I don't think we've seen a stock market or housing crash yet. I also think Gold and Precious Metals will rise as might Bitcoin. Regarding housing, yes governments could kick the can further down the road if they reduce interest rates. However when house prices in Australia and New Zealand rise way faster than wages for multiple decades, it increases the risk of an actual collapse one day. Anyway, all the best!
    3
  1576. 😍😍😍 @rayjames9835
    3
  1577. You're right sergio, Construction is in Chaos
    3
  1578. Excellent insights andyman aus. Thanks for sharing!
    3
  1579. Β @andymanaus1077Β  Thanks for sharing. That $110,000 deposit is a great achievement (congrats). That can be very hard to do for young people if you're paying a fair chunk of your income to rent.
    3
  1580. Thanks @LibertyDownUnder
    3
  1581. "Free the Australian housing market of all subsidies and tax breaks and make it a free market for Australians only." - love this @jubbafrubby4561
    3
  1582. Lucky I'm not an economist!
    3
  1583. In the longer videos @chriskranz6488 - keep a watch out
    3
  1584. Β @retrothingzΒ  Agreed, it's really shocking and action needs to be taken immediately to improve housing affordability.
    3
  1585. Great to hear from someone who lives in new york. I've definitely heard the cost of living there is extreme. All the best!
    3
  1586. Perth is one of Australia's most affordable city.
    3
  1587. Thanks for sharing!
    3
  1588. πŸ™β€οΈ
    3
  1589. Hey @Toggymok - nah the video quality was my fault. My video editing software had the video set to 360p and I failed to realise it. Sorry about that
    3
  1590. If that next interest rate move was up, that would send massive shockwaves across the country
    3
  1591. I'm stoked you liked it @markwilliams4362!
    3
  1592. They've already redefined CPI - it would be much higher if they used the previous calculations
    3
  1593. Nah, because I'd probably have to sell out to become a politicianΒ @CohnmanTheBudbarianΒ 
    3
  1594. Thanks for the feedback Jetplane 10. I appreciate it.
    3
  1595. Spot on @vaspats
    3
  1596. Great analogy @callumwilsonpiano
    3
  1597. Yep, COVID policies massively inflated house prices and now they're trying to clean up the mess. Thanks @rickzw67
    3
  1598. Absulutely LF, it might have originally had good intentions, but now it's just a means to enable property owners to keep buying more and more properties than they would normally be able to.
    3
  1599. You're absolutely right!
    3
  1600. Thanks for sharing @damnationswarhead8005 πŸ™β€οΈ
    3
  1601. Thanks for sharing @leewright4941 !
    3
  1602. Hi Your pal Imi, thanks so much for engaging. I can't tell anyone what to do, but personally I think that paying down a mortgage is a good thing because it gives you more buffer and gains you more equity in the property. If you're on a variable loan, then paying down the mortgage is making (saving) you the equivalent of your mortgage interest payment. If your interest rate was 4%, then that's making (saving) you 4% each dollar you reduce off your mortgage. If you could make more than 4% somewhere else, then that could be better, however, there will probably be more risks. So as the mortgage rates increase, paying down the mortgage becomes more and more beneficial. All the best!
    3
  1603. Yep, and they don't seem interested in trying to make any tangible effort to improve housing affordability.
    3
  1604. Agreed, but that goes against the general narrative
    3
  1605. Spot on @Spacemonkeymojo!
    3
  1606. Wow, thanks for sharing. It's obviously being talked about a lot which is why the Prime Minister has taken notice I believe.
    3
  1607. 😍😍😍 @mdw7389
    3
  1608. That's terribe @thebeerhunter817. Thanks for sharing and I wish you all the very best
    3
  1609. Cheers @adamhend3211 - thanks for sharing
    3
  1610. Yeah, it's going to be interestingΒ @leonie563Β 
    3
  1611. and a body made for dreams 😍😍😍
    3
  1612. Absolutely - WHY?
    3
  1613. You're right - everyone seems apathetic to this crisis that's literally destroying millions of livesΒ @ComputerzenAuΒ 
    3
  1614. I know what you mean Aaron. Unfortunately, it's priced out many would be home buyers and investors who already own property and taking advantage of their increased equity. There's signs some of the speculative froth may be exiting the market which will be good for everyone IMO.
    3
  1615. Keep the sauna warm for me!!!
    3
  1616. Thanks trojanthedog!
    3
  1617. Cheers @FollowTheSunAustralia😍
    3
  1618. I'm just glad you watched. All the best!
    3
  1619. Thanks for engaging A NNYER
    3
  1620. house prices are quite bad Constantine, especially in the capital cities. The median house in the 1990's was around 3x the average wage, but now it's over 10 in most cities. Even with 2 incomes, if a couple has to rent then it will be very difficult for them to save for a deposit (especially when house prices keep rising so fast year after year). However, I agree that if you can get support from family, it can be a great help. Thanks very much for sharing!
    3
  1621. Cheers Josh. I appreciate that!
    3
  1622. 😍😍😍 @the_shadow_realm5110
    3
  1623. Is it SHINY?
    3
  1624. Yep, it's quite disgusting
    3
  1625. I really appreciate that @lr5954!
    3
  1626. Β @SmithtothemarkΒ  True, but demand is affected by government policies like negative gearing, capital gains tax discount etc. Even paying no capital gains tax on a principal place of residence (like in Australia) is a policy that a lot of other countries don't have.
    3
  1627. It should - but will the government and RBA come to the housing market's rescue like they always do???
    3
  1628. AbsolutelyΒ @veijotirronen2010Β 
    3
  1629. That absolutely is a massive difference Josh Mark. I previously felt that the RBA and other central banks would pivot and start dropping rates again, but now thinks don't look that easy. We could be in for higher rates for longer, and that really will hit housing hard, as cheap and easy money has encourages massive amounts of speculation and leverage. Cheers!
    3
  1630. Β @bjjnnnkakka7813Β  Where to from here? S&P down lower and Gold higher?
    3
  1631. 😍😍😍@justindressler5992
    3
  1632. "30s outside at 9pm in Tully, QLD and you need a new shirt" - wow, thanks for sharing @bnkerbob. Sounds like humidity on steroids
    3
  1633. "Government will do anything to prop it up. Hence the mass imigration at the moment." - Spot on @rossmailer2347. They've turned Australian housing into the closest thing to a sure bet which produces massive speculation into property.
    3
  1634. Hi Syam Sundar, here are the most common Uranium investment options that can be bought and sold on the stock market: 1. Individual stocks of Uranium miners and explorers. Examples include: Paladin Energy Limited (FRA:PUR.F), Yellow Cake plc (LSE:YCA.L), JSC National Atomic Company Kazatomprom (IOB:KAP.IL), Uranium Royalty Corp (NASDAQ:UROY), Lightbridge Corporation (NASDAQ:LTBR), Ur-Energy Inc (NYSE:URG), Uranium Energy Corp (NYSE:UEC), Energy Fuels Inc (NYSE:UUUU), Denison Mines Corp. (NYSE:DNN), BHP Group (NYSE:BHP), NexGen Energy Ltd. (NYSE:NXE), Rio Tinto Group (NYSE:RIO), Cameco Corporation (NYSE:CCJ) 2. Exchange Traded Funds allows you to invest in a basket of Uranium stocks. Examples include: The Global X Uranium ETF (URA), NorthShore Global Uranium Mining ETF (URNM) and VanEck Uranium+Nuclear Energy ETF (NLR). 3. Physical Uranium Fund is a new innovative investment option from Sprott that allows investment into physical Uranium. Only option is: Sprott Physical Uranium Trust (U.U or U.UN)
    3
  1635. πŸ™β€οΈ@xFENRISx
    3
  1636. "Ponzi's get really hungry when they get big and our's is the size of Alpha Centuri, it will end in a Super Nova and then a blackhole" - this is bloody awesome!
    3
  1637. Absolutely @LibertyDownUnder - it trended strongly on X but wasn't really heard of on mainstream media.
    3
  1638. Cheers @waitawhileexplorer3904 πŸ™β€οΈ
    3
  1639. Yep, and because the banks can't fail - property can't fail
    3
  1640. πŸ˜‚πŸ˜‚πŸ˜‚ @trythis2821
    3
  1641. Yes, I'm wondering if the election has anything to do with this policy reversal
    3
  1642. Cheers Turbo Turtle!
    3
  1643. Totally Brutal aren't they. I can't believe it as I'm so used to Australia's RBA being pretty much the opposite.
    3
  1644. Thanks for sharing @azmartin1977
    3
  1645. 😍😍😍@rayjames9835
    3
  1646. Hi @crazyham - I think we need to overhaul the policies that increase speculative demand for property. https://youtu.be/6AUGzjXIMoU
    3
  1647. "%55 of my wage goes to rent struggling is an understatement" - this is a complete betrayal @subliminalcriminal777 and I wish you all the very best.
    3
  1648. That would be massive if prices dropped back to pre-pandemic levels.
    3
  1649. Yep, because there has been so much housing demand over the past 30 years, it has kept downturns very shallow and short lived. However, this may not always be the case and we could actually see years of minimal growth. 2 massive factors are interest rates and housing policies.
    3
  1650. Thanks so much @chrisaphenamandalis2593πŸ™β€οΈ
    3
  1651. Thanks for sharing Margy. My latest video is all about the impacts of record immigration levels. https://youtu.be/3sZDjCo54bk
    3
  1652. Very true Scott. Thanks for sharing!
    3
  1653. Yes, Australia seems to run quite similar policies to Canada however I have noticed that Canada does seem to be trying to improve housing affordability more than Australia at this stage. Thanks for sharing Wyne!
    3
  1654. Yes, this has happened for 30 years. But will housing be able to keep massively outperforming wages and inflation in the years ahead?
    3
  1655. Thanks so much @user-ld2oe2oo2eπŸ™β€οΈ
    3
  1656. Thanks for sharing @queenbee4637. Where was the auction that was passed in?
    3
  1657. If we get rate hikes next, that will be a massive shock
    3
  1658. Something has to give I reckon
    3
  1659. 😱😱😱 @paullynch8316
    3
  1660. and boy how has it grown
    3
  1661. πŸ™@billyroberts3907
    3
  1662. πŸ™β€οΈ
    3
  1663. Thanks heaps for sharing @campbellmorrison8540
    3
  1664. Cheers @lowtec1969. "The housing thing has become a huge prob, with no easy or pleasant solution, that's for sure." - Yep, when you ignore housing affordability for 3 decades, then you run out of any simple solutions - but to not even try is disgraceful IMO.
    3
  1665. Thanks for sharing Steady Built. I agree we need more affordable housing for a healthy future society. If that doesn't happen, things could become very volatile.
    3
  1666. πŸ˜‚πŸ˜‚πŸ˜‚ @UziMusic
    3
  1667. Spot on @dazwol9104. It could lead to people being made homeless and an increase in civil unrest.
    3
  1668. It's bloody hard to stop, that's why everyone just tries to get on the train
    3
  1669. Can't speak proper
    3
  1670. Good point @bentowie1677. Trouble is, I don't always know what I'm going to say which is why I end up with so many edits. I'll try and improve.
    3
  1671. Do you have any horror rental stories you'd be happy to share?
    3
  1672. Australia likes to create scarcity to keep house prices ultra high
    3
  1673. Cheers @antl986. It's a really strange time when some are doing so well and others are really struggling.
    3
  1674. That's crazy!
    3
  1675. Thanks for sharing @privateAcc0unt
    3
  1676. Cheers Greg. I appreciate that!
    3
  1677. Thanks for watching my videos Dino. I appreciate it! πŸ™β€οΈ
    3
  1678. Because ultra cheap debt and property rises have basically made many property owners rich - especially those who bought when prices were extremely affordable.
    3
  1679. Hi Dr_Evil, I mostly stick to Gold Miners listed on the Australian Stock Exchange (that does include a small number of US/Canadian miners). However, I have invested in full US/Canadian miners in the past. How about yourself? Do you have any recommendations???
    3
  1680. Chewie doesn't deserve this rubbish
    3
  1681. This is dead right @johnnywong1018 - there's power when people unite. Getting them to unite is the hard part
    3
  1682. Yep, and every policy seems to just make it more cooked!
    3
  1683. Yes, but sadly there's plenty they can intervene with and I'm sure they'll use every lever in their disposal
    3
  1684. Cheers @vincentcacciola7161. What do you think it will take to return supply to the long term averages?
    3
  1685. Cheers @annebehne225
    3
  1686. Housing Ponzi Forever?
    3
  1687. Spot on @pluggedingaming8169
    3
  1688. Sadly, it seems to be heading that way
    3
  1689. Brisbane and Adelaide used to be a lot more affordable than Sydney and Melbourne - but they've they've pretty much caught up to Melbourne and have become extremely unaffordable for many.
    3
  1690. I'm coming!
    3
  1691. I don't mind a principal place of residence being capital gains tax free if houses are affordable for everyone. However with the current ridiculous prices and crazy house price growth, it's a massive benefit that renters can't take advantage of which is unfair IMO
    3
  1692. Here's some solutions @wabisabi3619 https://youtu.be/6AUGzjXIMoU
    3
  1693. Sure is. The stock market will most likely have a large bounce when it feels rates hikes have ended. However, the optimism might prove unwarranted. Do you think central banks will be able to go back to their ultra loose monetary policies? After seeing assets prices inflate so much in the past 2 years (e.g. housing), I'm not sure they would want to inflate further by making rates super low again.
    3
  1694. Spot on @B61Mod12
    3
  1695. Thanks for sharing The Architect!
    3
  1696. Β @soma4u289Β  Yep, housing affordability is a massive issue that will affect a very large section of the community going forward. But will any real action be taken to try and improve housing affordability?
    3
  1697. Β @bign1667Β  Hey Big N, here's a link: https://www.news.com.au/sport/afl/anthony-albanese-clashes-with-heckler-during-major-hobart-stadium-announcement/news-story/c2139c16a75ca850fc65553e3cf49459
    3
  1698. Β @AlienIntervention1137Β  Well maybe we need to make more noise so they're unable to keep sweeping it under the carpet.
    3
  1699. What if we're not happy???
    3
  1700. Hey @omercan71, I've actually been impressed with Gold's relative strength remaining above US 1900 while the market in general seems generally confident. It makes me feel we could see new all time highs this year sometime - especially if cracks start to show in the global economy.
    3
  1701. Spot on @liptonicetea274
    3
  1702. All nationalities buy, but the largest foreign country buying Australian property is China (as per the data), and many experts believe the official figures are grossly under-reported.
    3
  1703. The Government should be working for the people should it not?
    3
  1704. Yep, how is it possible that property trades percentages like a penny stock but without any real risk???
    3
  1705. I really appreciate that nightowl1on1!
    3
  1706. Maybe she was told what to say - it's hard to know. But even people with large property portfolios can hopefully see that the current state of the housing market is not sustainable
    3
  1707. That's how you now the market is cooked. Everyone knows there should be a correction but the government and central bank policies ensure there isn't. Β @Gordi_BΒ 
    3
  1708. Wanna make angelic music together - SUBSCRIBE to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    3
  1709. Cheers COMA!
    3
  1710. "Population increases from immigration is good if economic is growing but negative impact during recession" - thanks for sharing your thoughts Jason!
    3
  1711. Hi John. It was from a Domain first homebuyers report. This is how they assessed it: The report assumes a 25- to 34-year-old couple on average earnings in their area saves 20 per cent of their post-tax income every month, deposited in a standard online savings account. It does not consider any transaction costs or stamp duty. Entry-level homes are based on the 25th percentile, or the more affordable end of the housing market. Do you agree or do you think it should be less time or more time? https://www.smh.com.au/property/news/sydney-first-home-buyers-need-more-than-eight-years-to-save-a-house-deposit-20220322-p5a6vp.html
    3
  1712. So grateful to have you watching @Vicki_Aussie_Girl πŸ™β€οΈ
    3
  1713. Yep, it's hard to now where interest rates will settleΒ @Vicki_Aussie_GirlΒ 
    3
  1714. 🀣 @robertfonovic3551 
    3
  1715. So buoyont it can never sink!Β @kenttrussell5750Β 
    3
  1716. 😍😍😍@colinkelly8213
    3
  1717. Not by me - YT sometimes auto deletes comments
    3
  1718. Thanks for sharing @ProspectingLife
    3
  1719. What do you see happening @bigbubble662?
    3
  1720. But they're supposed to be representing the people!
    3
  1721. I think you're dead right Turbo Turtle
    3
  1722. There's no way it's heavily weighted towards a buyers market
    3
  1723. Yep, there's plenty of wealthy people who don't care about leaving properties vacant
    3
  1724. 😍😍😍 @ADayInTheLifeOfJames
    3
  1725. That's shocking @captainsunbear5472. It's not right and makes me upset to hear stories like yours. I wish you all the very best!
    3
  1726. πŸ™β€οΈ@DavidHarrisonDGH
    3
  1727. Wow, great proposal. I'm voting for you to fix housing affordability! Thanks for sharing.
    3
  1728. Thanks so much Mohammad. Do you think the markets will eventually crash?
    3
  1729. Thanks for sharing @wabisabi3619πŸ™β€οΈ
    3
  1730. Great job Aziz Araz. You've shown how making some sacrifices (not wasting money) can lead to massive profits if you invest wisely. All the Best!
    3
  1731. That's why my eyes are so dry @FailedRacers
    2
  1732. Yep
    2
  1733. There's is terribly sad, as many of these people are regular workers
    2
  1734. Yeah, Melbourne's market has been a stand out loser when it comes to capital gains. What do you think are the main reasons @rocknroll1959film?
    2
  1735. Great point!
    2
  1736. 😍😍😍@Bengetowutang
    2
  1737. Cheers @gmannoname1492!
    2
  1738. Thanks, I appreciate that @stacynhendersonπŸ™β€οΈ
    2
  1739. Thanks for sharing @sunshinegirl4715. How much do you think property prices have fallen in the UK?
    2
  1740. Spot on @cind_errs - thanks for sharing!
    2
  1741. Yes but a change in negative gearing and capital gains discount would have a large impact on investment strategies in general.
    2
  1742. πŸ™β€οΈ@vanessakelly6022
    2
  1743. 🀣🀣🀣
    2
  1744. Thanks for sharing @gcs15pearl. If housing was actually affordable (like it should be), people would be able to get back onto the property ladder after setbacks (which most of us have). I wish you all the very best!
    2
  1745. Great observations @russtang24 - thanks for sharing
    2
  1746. Phil just needs to take some accountability for decisions and statements made IMO.
    2
  1747. No, but if we highlight this broken and unfair housing market enough, it may turn into real change as it could impact voting.
    2
  1748. Β @jondoe5536Β  Great insights. I wonder if the golden age of house price rises in Australia is now over?
    2
  1749. and this is an absolute disgrace @robertwatson8104
    2
  1750. The working homeless - what have we done?Β @hollysmith1347Β 
    2
  1751. Great point. Markets can stay irrational for way way longer than we expect but fundamentals win in the end - as long as governments and central banks so purposely keep inflating a housing bubble!
    2
  1752. πŸ™β€οΈ @davidbray2500
    2
  1753. πŸ™β€οΈ @fullspectrumdominanc
    2
  1754. 😱😱😱
    2
  1755. Cheers @robb5642 😊😊😊
    2
  1756. Dead right @itsonlyafl3shwound!
    2
  1757. HODL @shanerichardson3212!!!
    2
  1758. 😍😍😍@SGI999
    2
  1759. I know but they're going to have to otherwise we'll have a huge section of the community pushed towards homelessness.
    2
  1760. Thanks Michelle
    2
  1761. 😍😍😍
    2
  1762. "Australia can turn things around but too much incentive for the politicians to let things run wild." - Absolutely @hollysmith1347
    2
  1763. "Finally closing loopholes you could get a small aircraft battle carrier fleet through" - bloody love this!
    2
  1764. Thanks so much for sharing the local situation!
    2
  1765. Sounds biblical
    2
  1766. Yeah, the increase has been insane but it bad for our society as a whole IMO.
    2
  1767. I think that is the expectation that's been created
    2
  1768. πŸ™β€
    2
  1769. πŸ™β€οΈ@peterburke8650
    2
  1770. Thanks for sharing B L. Is the current mass immigration a means to ensure GDP keeps growing but not per capita?
    2
  1771. "Eventually things will have to change as even double full time income families are priced out of the market nationwide." - You're spot on @Flamindaemon89
    2
  1772. Yep, it's a very real concern and part of the reason why I keep talking about housing.
    2
  1773. Cheers J Garcia. All the best! β€πŸ™
    2
  1774. It certainly seems that way - how has every developed country ended up with a housing crisis???
    2
  1775. 😱😱😱
    2
  1776. Oh Yeah!
    2
  1777. Potentially, but if we overhaul some policies to reduce overall demand, we can slowly improvement affordability IMO. That's my hope
    2
  1778. 😍😍😍 @brattfutz6074
    2
  1779. Agreed Damian. Thanks for sharing!
    2
  1780. 😍@tallon5457
    2
  1781. Quite disgraceful really
    2
  1782. Thanks for the suggestion @cruzrv4399
    2
  1783. It was definitely cheap in the 1980's - houses only cost 3x the avereage income in most cities and maybe 4x in Sydney.
    2
  1784. Thanks very much @DK-ik3miπŸ™β€οΈ
    2
  1785. Thanks for sharing @TheBrudow
    2
  1786. 😍😍😍 @jric5097
    2
  1787. Β @somtingwongwai7194Β  Trouble is, as house prices keep rising faster than wages, they keep getting more and more unaffordable. The people who did the best bought when houses were only 3x the average wage. Everyone buying after that is not doing as well and those who bought recently are doing the worst - sort of like a Ponzi scheme. Also, it's now much easier for currently priority owners to buy more property than for a first timer to buy their first property - which widens the wealth gap.
    2
  1788. πŸ˜‚πŸ˜‚πŸ˜‚@luckyphil4861
    2
  1789. Thanks for sharing stizza. Can I ask where you live?
    2
  1790. Thanks stizza. All the best!
    2
  1791. 100% Amanda. Those with large mortgages are going to face a very hard time. Trouble is, house prices are so expensive you pretty much have to have a large mortgage if you want to buy a house.
    2
  1792. Absolutely @doczenith5491, that's why the government will keep kicking policies that create high house prices down the road
    2
  1793. Yep, it's a really sad position when hard working Australian's can no longer afford their own home.
    2
  1794. I think everyone expects bailouts now
    2
  1795. Cheers @sarahj344. I tend to agree as it feels like they're only making this announcement based on the backlash forming in the media (as in they're only updating policy due to election ramifications and not because it's the wrong thing to do). I hope some real action is taken to start improving housing affordability to give future generations a good opportunity for home ownership.
    2
  1796. Yep, WA used to be affordable and now it's getting screwed over like all other states.
    2
  1797. Cheers @rc2276!
    2
  1798. Yeah, it is very strange how house prices are going up when we've seen such a surge in interest rates. WIll be very interesting to see what happens from here.
    2
  1799. What a thought!
    2
  1800. Thanks for sharing @blairmccarthy427
    2
  1801. 😱😱😱@catlaroja
    2
  1802. 😍😍😍@fabuliciousrabbit7290
    2
  1803. That would be massive if it happens
    2
  1804. Thanks so much @jg5032!
    2
  1805. 5% cash rate in Australia would be massive because we have so much debt into property
    2
  1806. πŸ’―% correct.
    2
  1807. Thanks for sharing Darth Fetid
    2
  1808. Thanks for sharing @zukov85
    2
  1809. Thanks for sharing Jimmy
    2
  1810. Cheers Anthony πŸ™β€οΈ
    2
  1811. Take a hike losers!
    2
  1812. 😍😍😍@DanielBeltrami-c9h
    2
  1813. Thanks very much for sharing K10wN's Shed!
    2
  1814. If property were to ever crash, Australia would be in massive troubleΒ @robertwatson8104Β 
    2
  1815. 😍😍😍@gmasterdude
    2
  1816. Thanks for sharing @jeffotoole4509. I agree that continued housing affordability deterioration will eventually end in civil unrest - as has happened throughout history when inequity runs rife.
    2
  1817. Great insight @BenjaminSFrost!
    2
  1818. Nooooooooooooooooooooooooooooooooooooo
    2
  1819. Thanks for sharing
    2
  1820. Really disgraceful what's happening to hard working Australians
    2
  1821. πŸ™β€οΈ@ajb1963
    2
  1822. 😍 @aron.gortman 
    2
  1823. Thanks for engaging Andrew. All the best!
    2
  1824. Cheers Gixxer007. I had a quick look at Argonaut Gold. They've fallen a lot over the past couple of years but the chart looks to be basing and could start a new uptrend. If they can turn things around from the issues they must have had over the last few years, there's potentially some very strong percentage gains to be had. Thanks for sharing!
    2
  1825. Cheers @oscarellis2563
    2
  1826. "A robust housing plan has always been central to ANY country that had ANY level of prosperity in the periods implemented." - Spot on @jmitterii2, thanks for sharing!
    2
  1827. Cheers @FelixNothusπŸ™β€οΈ
    2
  1828. 😍😍😍 @Buffy_Miyagi
    2
  1829. "However, instead more people keep arriving and more people simply can't play because they can't make enough money to pay the rent." I love your analogy about players coming in late and not being able to play because the rents are too high. This is exactly where we seem to be now - where many early players are ultra cashed up but new players are screwed. Thanks so much for sharing!
    2
  1830. Sorry for your bad experience. I'm using them now and happy with the service
    2
  1831. Love it @melissapreiss8401 😍
    2
  1832. Yep, successive government have watched by while housing affordability deteriorated to shocking levels. Let's hope we finally see some action by overhauling housing policies to reduce some of the speculative demand. Thanks for engaging Kym!
    2
  1833. Wow, thanks so much @mumufried9083πŸ™β€οΈ
    2
  1834. "The borrowing power of people will mean prices will have to come back or more social divide" - spot on @darylhunt9070. Social divide will really ramp up if things continue as they have been.
    2
  1835. Thanks for sharing @wildflower7574. I don't think Brisbane has lower comparative house prices anymore, as they're now quite close to Melbourne prices.
    2
  1836. Cheers JC Bull!
    2
  1837. Β @BulldumbdumbΒ  Yeah I do because pressure on the government to take real action is ramping up.
    2
  1838. Cheers @melissapreiss8401!
    2
  1839. Cheers. I'll keep Ethereum in mind. Do you think it's going to do well?
    2
  1840. Interesting thought @davidg487
    2
  1841. 😍😍😍 @RICHOCHANGO
    2
  1842. Love it - Back when star wars movies were actually great!!!
    2
  1843. What an analogy
    2
  1844. Thanks so much @prancer4743😍😍😍
    2
  1845. πŸ™β€οΈ@petervossos4816
    2
  1846. Is all of this planned?
    2
  1847. If Burry is right, Gold could go parabolic like it did in the 1970's. Technical analysis also points towards a multi-year rally in Gold. https://youtu.be/zzRCzOX5JV0
    2
  1848. Thanks so much lowtec1. All the best.
    2
  1849. I love this Billy - "Blind Freddy could see that rates were going up sooner rather than later. The (low interest) party was over but some people still wanted to DANCE !"
    2
  1850. Thanks very much for sharing your thoughts I,M&H M. I appreciate it!
    2
  1851. Go on @stephenadrian8012
    2
  1852. Me too - hell will freeze over before they willingly allow this boom to end I reckon
    2
  1853. Excellent point @crxdelsolsir
    2
  1854. Yep, it sounds crazy but I'm sure they'll end up doing stuff like thatΒ @bootroota1394Β 
    2
  1855. And could be done with a simple signature - but alas...
    2
  1856. What prices like in Tassie @amandaboado7057?
    2
  1857. 😍😍😍 @gcc849
    2
  1858. Great observation!
    2
  1859. I'm not against investors - I just think the housing market benefits investors too much which enables them to outbid first home buyers who just want a place of their own.
    2
  1860. I don't think anyone is complaining about immigration and what it can do for Australia, I think there is genuine concern at the record levels being fast tracked when we're in the middle of a housing crisis, and some hard working Australians are being pushed onto the streets. If we weren't able to question immigration numbers for fear of being labeled racist or insensitive, then Australia could just increase the migration intake to 1 million or 2 million per year and noone could ever question it (no matter the ramifications).
    2
  1861. Β @jeewssam8418Β  Thanks for sharing Jeews Sam
    2
  1862. Why would rents sore if less investors were buying property? The vast majority of investors are buying established houses which doesn't add any additional supply to the housing market. Therefore, if an investor doesn't buy a house, it just gives more opportunity for a renter to buy the home (which means one less rental required).
    2
  1863. "It's like a penny stock pump but its pumped seemingly forever." Absolutely, you get incredible returns that are available with a penny stock without any of the risk - it's almost risk free because the government props up the housing market.
    2
  1864. He sounds like a Greek hobo
    2
  1865. Thanks so much @Smart7Media!
    2
  1866. I know cafe workers who bought homes with just their low income.
    2
  1867. Thanks for the feedback @joshcornell1129. The change that would make the most immediate impact would be to significantly reduce immigration levels.
    2
  1868. Cheers!
    2
  1869. "Australia didn't see much of a dip 2008! Although they should have! Australian real estate is way overvalued!" - can't agree more bruce. Thanks so much.
    2
  1870. That's sort of exponential rise for shelter is disgusting imo
    2
  1871. Great points Matt Alexander. Thanks for sharing!
    2
  1872. This video is about the opposite, never ending policies that push up house prices. Happy for any comments but it doesn't sound like you watched the video.
    2
  1873. πŸ˜‚πŸ˜‚πŸ˜‚
    2
  1874. Thanks for the feedback HicRhodus. Breaker Resources has had a great rise on increased volume over the past couple of month. All the best!
    2
  1875. The great Australian Scream- I'm going to use that in a video Love it!
    2
  1876. But what if you're not happy about owning nothing?
    2
  1877. Β @mina_chibaΒ  Thanks so much for sharing
    2
  1878. 😱😱😱
    2
  1879. πŸ˜‚πŸ˜‚πŸ˜‚@juanlui284
    2
  1880. Agreed Cind Ers. Governments can no longer just try and keep property owners happy. If they don't make policies that look after non-homeowners they could well end up out of government.
    2
  1881. There's so many factors and policies than impact house prices it's impossible to predict what will happen. I just hope policies are overhauled to reduce overall demand in both Canada and Australia - future generations deserve as much
    2
  1882. So you don't think Canada has a housing bubble?
    2
  1883. Thanks for sharingΒ @gordonramsay1501Β 
    2
  1884. I'd define a crash as a fall of 30% from a peak, but in Australia I'd even think a 20% decline could be defined as a crash - just because of the crazy demand for property in this countryΒ @nathancamac5435Β 
    2
  1885. Thanks for sharingΒ @andrewgregor3692Β !
    2
  1886. Spot on @jubbafrubby4561
    2
  1887. "If changes aren't made to this biased and broken system where the only ones -being catered for are the very people who need it the least." Spot on @hybridgoth - great post!
    2
  1888. Thanks for sharing @iseeyou1312!
    2
  1889. 😍😍😍@igitha
    2
  1890. 😍😍😍 @stevo728822
    2
  1891. Thanks very much for sharing @kcc879
    2
  1892. Thanks for sharing itubeo1o!
    2
  1893. Thanks for sharing @zx6angel978. People trying to buy their first home have been royally screwed by pandemic policies and record migration levels. I wish you all the very best!
    2
  1894. Totally agree Chris. All the best!
    2
  1895. It certainly feels like to heading towards a topping point
    2
  1896. Good point @slamtilt01!
    2
  1897. Spot on @itsonlyafl3shwound
    2
  1898. Yep, there's a lot going on that could see Gold surge over the coming years
    2
  1899. "this is not egalitarianism at its finest" - spot on @WalterPaulKomarnicki
    2
  1900. Hi @tuanaut, there seems to be a lot of thirds - 2 thirds of Australians own property. 1 third of all property has no mortgage. I third of Australians are renters. It's the increasing number of renters that could really start having a huge impact on elections and policies in the future - as not owning a home in today's environment is quite terrible and they will have some strong feelings on policies IMO.
    2
  1901. Yeah, I've been thinking about the WEF strategy to work towards people not owning assets like property. Without some massive catastrophe, I can't see property owners in places like Australia ever giving up their properties - and with inheritance their kids will keep owning properties. What do you think thier strategy could be?
    2
  1902. Especially now that Gold & Silver look to be on the Cusp of of new Boom!
    2
  1903. That's not true - heaps more people could afford. Every year the number of non-homeowners is growing which is a direct reflection of deteriorating housing affordability.
    2
  1904. Wow, thanks for sharing @richardpalu3464
    2
  1905. 3x average wage is unthinkable now in a country like Australia. The government and RBA only allow housing to fall a maximum of 10% before they step in to artificially inflate house prices.
    2
  1906. Great insight - everything drives up prices
    2
  1907. "the jellyfish need to grow a spine & some Kahunas." - I really like this
    2
  1908. Dual incomes meant people can borrow more so that definitely had an effect.
    2
  1909. That's why they want to keep interest rates low - so the good times can last forever. But can they last forever?
    2
  1910. Thanks for sharing your well thought out insights Hugh. "There will be societal upheaval when renters make up the majority of the voting population". I agree, things are coming to a head with Housing in Australia.
    2
  1911. Β @soma4u289Β  πŸ’―
    2
  1912. Thanks for sharing ray. The majority of Australia's wealth is tied up in real estate so property prices have a large effect on the economy. When house prices rise, property owners feel wealthier so are happy to spend into the economy. If there ever was a genuine housing crash in Australia, it would be devastating for the Australian economy. 100% agree it's a bloody good place to live!
    2
  1913. Β @bjjnnnkakka7813Β  You were spot on about the bear flag. I think I need your expert analysis so I can time my purchases better!
    2
  1914. You hit the nail on the head @XTSonic. You might work way harder but the gains from sitting on property in places like Sydney are almost impossible to catch up to.
    2
  1915. 🀣🀣🀣@Andrew-g2c
    2
  1916. 😍😍😍 @DoubtingThomas333 
    2
  1917. "Running out of options on keeping the ponzi going , so give mass migration a go." - this is great @baits9301.
    2
  1918. Maybe it is time to rise up!
    2
  1919. Thanks for sharing @woodliceworm4565
    2
  1920. Thanks for sharing!
    2
  1921. "Greeks are great. It is the Italians in the Melbourne fruit and vege market, that need to be watched." - πŸ˜‚πŸ˜‚πŸ˜‚
    2
  1922. Can you imagine if house prices fell even 30% in Australia - there would be national outrage. Thanks for sharing Gregory!
    2
  1923. For more fun than watching paint dry, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  1924. 😱😱😱@kenzulumovski892
    2
  1925. Reported figures are 8 million worth of property per day, but many people think the real figures are a lot more. It's not massive compared to all sales but still contributes to overall demand which keeps house prices high.
    2
  1926. Cheers @warrenmaker798
    2
  1927. Cheers @lowtec1969. It's not just government workers, there seems to be a real divide of people doing exceptionally well financially (i.e. those who own property without too much debt and those who don't). This is creating a massive wealth divide and limiting opportunities for future generations (especially those who won't receive a property inheritance).
    2
  1928. Cheers Ralph, and thanks for the suggestion (keep them coming). Are you referred mosting to the pros and cons of trying to time the Stock Market?
    2
  1929. Spot on Aaron πŸ’―. Thanks so much for sharing!
    2
  1930. Great to hear from you Lee Cheng. Hope you're doing well.
    2
  1931. Thanks for sharing @pj-vq3by
    2
  1932. Do you think young people are having less children because of the cost of housing and cost of living?
    2
  1933. Thanks @austinmackell9286!
    2
  1934. "Its nice to see realestate appreciation but not a risk of locking out an entire generation. That will have consequences that will be felt in the economy years down the track." - well said @rosshitchen-ij6en
    2
  1935. I saw that. Just like in Australia everyone likes to deflect resonsibility
    2
  1936. 99.5% - and it's just trying to highlight the shocking state of the housing market which impacts the economy and society
    2
  1937. Absolutely, how we still allow negative gearing when Australian house prices are some of the worst in the world astounds me. I might start up a petition to scrap it.
    2
  1938. No worries @BenjaminSFrost. I see many similarities between the Canadian and Australian housing markets.
    2
  1939.  @zomgoose  😍
    2
  1940. True dat
    2
  1941.  @williamcrossan9333  😍😍😍
    2
  1942. Cheers @pikxles
    2
  1943. I'll make sure I include more jokes next time @jcisme!
    2
  1944. Yep, and the risk now is that they kept rates so low for so long that debts are so large they're a lot more impacted by rate rises.
    2
  1945. Yeah, those who were able to buy houses when they were only 3x the average wage and miles ahead, especially if they bought multiple properties while they were so cheap.
    2
  1946. Gold mining stocks are volatile Soma4u 2, but they can provide great rewards - but qaulity management is definitely one of the keys like you said. If the gold price can break above US 2000, then it will become an extemely exciting sector to be in.
    2
  1947. Interesting idea @user-yl4st7wi5w - thanks for sharing.
    2
  1948. There's no way I'm biased to Labor - I think I've been quite unbiased in my criticisms of housing policies
    2
  1949. It's a great video
    2
  1950. Hey thanks for the suggestion @shanerichardson3212 - I'll definitely consider it!
    2
  1951. Cheers πŸ™β€οΈ@rogerandleoniehall9740
    2
  1952. Β @sakatasun6857Β  It's so sad how we've screwed up the housing market and many people are suffering. Thanks for sharing!
    2
  1953. πŸ™β€οΈ@γ˜γ‚ƒγΏγ£γ¨
    2
  1954. Thanks so much @ewanjack8374
    2
  1955. Absolutely
    2
  1956. Spot on @ragsy887 - they've done a number on anyone who doesn't own a home
    2
  1957. I said the first steps to take at the end of the video.
    2
  1958. They absolutely are - which is why they have a huge conflict of interest as house policies that create speculative demand for property just enriches themselves.
    2
  1959.  @zo1dberg  😍😍😍
    2
  1960. Why am I crying - because I want Australians (both current and future generations) to have an opportunity of owning their own home - and not a mingy shoebox
    2
  1961. That's a travesty if you ask me
    2
  1962. "I'd want australia to make property affordable. The rent will follow." - agreed @imidsikkey
    2
  1963. Excellent post @paulgood3849 - "They would be better off letting everything tank now and then we climb back but of course they won’t as they only act short term and for self interest" Love this!
    2
  1964. I call it a case of the presenter caring for Aussie's already in the country being screwed over by a man made housing crisis
    2
  1965. Thanks for the suggestion @Ghryst
    2
  1966. πŸ™β€οΈ@patrickdurso6761
    2
  1967. I agree!
    2
  1968. Agree, but any improvement in affordability from here would be welcome IMO
    2
  1969. 😱😱😱
    2
  1970. Maybe, but that would be terrible for society in general
    2
  1971. Cheers @SGI999
    2
  1972. 😍😍😍 @victoriacorcoran1258
    2
  1973. Thanks for sharing @travy111. Do you think they're owned by foreigners?
    2
  1974. That's really shocking. Thanks for sharing!
    2
  1975. 😍@BoatLife_DansBoatLife
    2
  1976. Thanks for the comment tre oof. If we're just getting started in a multi-year boom for Gold & Precious Metals, there's plenty of time to get in and profit. Things are starting to look good for precious metals in my opinion. All the best!
    2
  1977. Just do your best @Tasmaniaadventure - thanks for sharing!
    2
  1978. 😍😍😍@Nabraska49
    2
  1979. πŸ˜‚πŸ˜‚πŸ˜‚@gersonadr2
    2
  1980. Sure am TheBadFred
    2
  1981. 😍😍😍@Grrback
    2
  1982. You're right sadly things can always get worse
    2
  1983. Wow, thanks for sharingΒ @arawn10Β  !
    2
  1984. Β @laurap3244Β  Trouble is, you couldn't get a loan to buy gold but you can massively leverage into property.
    2
  1985. It's the policy makers who are to blame. They allowed housing affordability to get screwed without taking any action!
    2
  1986. It's not just young people @stolencone7533, anyone who's not happy with the destruction of housing affordability could rise up. I remember what happened with the reddit meme stock crew got together and made some stocks soar.
    2
  1987. 😍😍😍 @waynevanrensburg8037
    2
  1988. πŸ™β€οΈ @gaza2230
    2
  1989. 😍😍😍@denisdoja4015
    2
  1990. Yep, they've been destroyed now too
    2
  1991. Interesting thought
    2
  1992. 😱😱😱
    2
  1993. 😍😍😍@peterward9446
    2
  1994. Love this
    2
  1995. Until global population starts reducing.
    2
  1996. Cheers USAcit
    2
  1997. The whole point of this video is that rates have been kept far too low for far too long - along with the disastrous RBA forecasts during COVID.
    2
  1998. Cheers @andrewwilson4528 πŸ™β€οΈ
    2
  1999. Cheers @krisjustin3884 - property is Australia's obsession so money always tends to flow that way
    2
  2000. Great insights @Theaceofspace255
    2
  2001. Thanks so much @Zilron38 πŸ™β€οΈ
    2
  2002. 😱😱😱@user-lh5kn8tv4f
    2
  2003. Cheers @MrAnselm77 !
    2
  2004. Very well saidπŸ’―
    2
  2005. You'll find that the true figures are much higher than that
    2
  2006. 😍😍😍@Peekaboo-Kitty
    2
  2007. πŸ˜‚πŸ˜‚πŸ˜‚
    2
  2008. Yeah, I have gotten Bik before @brendanquinn6894 - and pretty much everything else under the sun!
    2
  2009. πŸ™β€οΈ @peterward9446
    2
  2010. Thanks for sharing @jpree8954
    2
  2011. Thanks for sharing @Ozee316
    2
  2012. Cheers @petercassimatis9157, it's going to be interesting to see how it pans out. Will governments cut rates sharply or will they settle at higher levels?
    2
  2013. Thanks so much @Joe-wi9mv!
    2
  2014. I think most people here just want an affordable house
    2
  2015. πŸ’―@v.a.7594
    2
  2016. Really disgraceful all the bandaid schemes the government comes out with that make everything worse.
    2
  2017. Cheers @snoddyification
    2
  2018. πŸ™β€οΈ@MAGH1O1
    2
  2019. 😍😍😍 @user-lh5kn8tv4f
    2
  2020. Cheers Matt R. All the best!
    2
  2021. πŸ™β€οΈ@kcc879
    2
  2022. Great star wars insights @chrispekel5709. Just proves how classic those films were back then!
    2
  2023. Thanks for sharing @markusloane1149
    2
  2024. 😍😍😍@sapiens7821
    2
  2025. 😍😍😍@ADayInTheLifeOfJames
    2
  2026. Absolutely President Xi Jinping's pox doctor
    2
  2027. Thanks for sharing @romanbrandle319
    2
  2028. Very sad to hear how the housing market is screwing peoples lives and families. Thanks for sharing @seangreenhalgh7921
    2
  2029. Property madness indeed Soma4u 2. It need to stop or we'll end up like Hong Kong (units costing millions of dollars).
    2
  2030. You might be right. But considering how expensive housing is right now, if it keeps rising faster than wages, the globe will face a major housing crisis that will push many into poverty.
    2
  2031. Kiwis subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. Aussies subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2032.  @Spacewolf01  😲😲😲
    2
  2033. Hey thanks so much for watching Stefvi_Boi. πŸ™β€οΈ
    2
  2034. Thanks for engaging RanchHand Fencing. I'll keep your suggestion in mind. All the best.
    2
  2035. Cheers @FollowTheSunAustralia
    2
  2036. Β @MisstruthbombΒ  Trouble is the government and RBA pursue policies that ensure house prices remain ultra high.
    2
  2037. Spot on @williamcrossan9333!
    2
  2038. πŸ’₯πŸ’₯πŸ’₯
    2
  2039. What's your long term prediction for the Housing Market???
    2
  2040. Thanks for sharing @markusloane1149. Why can't we take action on all angles? For example, only allow negative gearing on new properties, reduce capital gains tax discount (as it shouldn't be less than tax on income), reduce immigration to new construction levels, ban foreign ownership, cut red tape for new construction,.
    2
  2041. Yep, just like John Wick, nothing can keep the Australian Housing Market down. It's been designed that way. https://youtu.be/ZvoF6EyigrQ
    2
  2042. Of course - I'm not even saying there will be a crash - but that there could be a crash if certain condition occur (such as surging unemployment)
    2
  2043. "Should be fun!" 😱😱😱
    2
  2044. Yeah, coming across as dismissive doesn't play out well when many people are struggling through no fault of their own. Thanks for advising about the person calling for action - I'll look it up.
    2
  2045. Hey lowtec1, thanks so much for watching my channel. Please don't take any of my boomer digs personally, as I love Boomers and everyone else who engages with my channel. Cheers!
    2
  2046. Cheers @minime8048!
    2
  2047. "Ponzi schemes are investment scams that pay existing investors with funds collected from new investors. There is no real investment."
    2
  2048. 😍😍😍 @peterforsyth962
    2
  2049. Good point @modfus. I want thinking medieval days. Would Charles be protecting like the Kings of old???
    2
  2050. Thanks for sharing @havachat9927
    2
  2051. Thanks for sharing TheRosiebeam!
    2
  2052. Maybe, but that would mean that housing affordability would get way worse than it currently is. Sadly that could push many renters to homelessness.
    2
  2053. Spot on!
    2
  2054. Thanks for sharing Down Under Drover!
    2
  2055. yes I'm trying to think of ways how they will take properties off people - if that's their goal.
    2
  2056. Very scary thought Tom. Thanks for sharing!
    2
  2057. Abso Freakin Lutely!!!
    2
  2058. 😱😱😱
    2
  2059. Cheers Sandy
    2
  2060. 😍😍😍
    2
  2061. Thanks for sharing and making the submission @realsatoshihashimoto
    2
  2062. When Gold shines, Silver goes into overdrive! It's going to be great to watch!
    2
  2063. It is a joke and it's not even a funny one
    2
  2064. Giddyup!
    2
  2065. πŸ™β€οΈ @tweetybird2013
    2
  2066. Appreciate that @jakejakejakejakejakejake!
    2
  2067. That's a shocking betrayal imo
    2
  2068. Thanks very much for sharing @MarketInsights-jq3cl
    2
  2069. Agreed @TheFfabinhoo. Also ban foreign ownership and tax empty properties.
    2
  2070. Thanks so much @owenallen5828😍😍😍
    2
  2071. Cheers @richiesworld1
    2
  2072. You'd think they would just slow down the levels when we're in the middle of a housing crisis.
    2
  2073. Yep, inequity of opportunity is terrible for a society
    2
  2074. 😍😍😍 @melissapreiss8401
    2
  2075. It's definitely getting scary with the current prices new buyers are having to pay
    2
  2076. That would be a great signal @philthy302!
    2
  2077. Great question and insights G Slim. Thanks for sharing!
    2
  2078. So are we happy to through young people and future generations under the bus because we've done well from the system. I'd prefer the system be fixed to provide all workers with the opportunity of home ownership
    2
  2079. It's extremely sad when hard working locals are priced out of the housing market πŸ˜₯
    2
  2080. Thanks so much for engaging and sharing your story James. I really appreciate it and wish you all the very best!
    2
  2081. Fanks Chris 😊😊😊
    2
  2082. Thanks for sharing @cineilat
    2
  2083. No it isn't - it's the entire interview just cut into small segments
    2
  2084. πŸ™β€οΈ@user-ex6vx7us4s
    2
  2085. Thanks so much @controlyourself.923
    2
  2086. "It's time to look after all Australians, not just the wealthy" - absolutely agree @huguesmoreau9256
    2
  2087. Yep, you can't get your own money anymore
    2
  2088. That certainly seems more and more likelyΒ @TomIslav-o7lΒ 
    2
  2089. That was a stuff up from meΒ @politics21cΒ  - sorry for the low quality format
    2
  2090.  @leonie563  😍😍😍
    2
  2091. Damn right -
    2
  2092. 😍😍😍@howryaa6705
    2
  2093. Australian still allows foreign ownership of property when other countries like Canada and New Zealand have tried to ban it due to the housing affordability crisis. So far, Australia has done nothing to try and improve housing affordability.
    2
  2094. I would say most property owners feel the same way!
    2
  2095. Cheers @carolyngartner6865!
    2
  2096. 😍😍😍 @johnsmith-ro2tw
    2
  2097. "Anything that needs 2% to be stable is by definition of a Ponzi scheme" - I like this @dougiep2769
    2
  2098. Wow, thanks for sharing @angiebugeja6944 . Affordable housing would mean it would be easier to bounce back from major setbacks but they've made it extremely difficult. I wish you all the best πŸ™β€οΈ
    2
  2099. Yeah sorry about that - but that's for watching!
    2
  2100. Especially speculation that's completed backed by government and RBA policies!
    2
  2101. Excellent pointΒ @Ralph_Baric_PhD_C2019Β  - but won't happen obviously!
    2
  2102. Β @angerainbow9200Β  πŸ’―!!!
    2
  2103. Thanks for sharingΒ @lr5954Β ! I'm appalled at the lack of concern for the wellbeing of young people (especially those who won't inherit property). I wish you all the best!
    2
  2104. Except those in control do everything in their power to keep inflating the balloon
    2
  2105. Cheers Glenn. All the best!
    2
  2106. 😍😍😍 @realsatoshihashimoto
    2
  2107. Thanks for sharing @jennat3386. Sadly, the government and RBA have created so much speculative demand for property (with their policies), that FOMO is just built into the system now. Will house prices just keep getting more and more expensive like Hong Kong or will we see a tipping point - time will tell.
    2
  2108. Thanks for sharingΒ @jennat3399Β  . I'd love to keep hearing your local intel of the market over the coming months!
    2
  2109. 😍😍😍@adriannedanen3546
    2
  2110. Yes, there could be big trouble ahead
    2
  2111. How do you see this playing out Jade?
    2
  2112. Perth has been crazy which is sad for those trying to rent there.
    2
  2113. Thanks @chromerabbit πŸ‘
    2
  2114. πŸ˜‚πŸ’―πŸ˜ŠπŸ˜
    2
  2115. πŸ™β€οΈ @argentumenimrex3578
    2
  2116. Dead right @elekkr
    2
  2117. Cheers Teke Tu. Yes I'll be providing analysis and commentary on the Australian Housing Market.
    2
  2118. Thanks for sharing @michaelwestacott7698. I agree that future elections will mostly be battled out around housing.
    2
  2119. Yeah, I tend to agree with you @Stipiggy - unemployment will be the key factor.
    2
  2120. 😍😍😍 @joelcowley3695
    2
  2121. Cheers @Hubert_old!
    2
  2122. That's certainly how it looks at the moment
    2
  2123. Thanks for sharing @montumeroe9593
    2
  2124. Nah, I'm an office worker
    2
  2125. Yeah, I don't understand why we still allow foreign investment when our house prices are so ridiculously high.
    2
  2126. Thanks for sharing @pinkenbajedi2119
    2
  2127. But will the WEF plan be worse than the current ponzi?
    2
  2128. Cheers @dannyperkins8933 πŸ™β€οΈ
    2
  2129. Absolutely, we need to go back to the 2 class system of the British empire!!!
    2
  2130. Unless the government and RBA do all they can to keep kicking the can down the road - but I agree the Australian housing bubble is overdue to be deflated.
    2
  2131. Cheers @scottknowles3970!
    2
  2132. Yes, it's concerning how these countries seem to follow the same playbook and now all have broken housing markets.
    2
  2133. Β @andrewbroome7404Β  Do you think they should increase the amount of time you have to hold an investment property before you get a capital gains tax discount?
    2
  2134. Β @andrewbroome7404Β  Absolutely, they kept rates way too low for far too long. Even prior to COVID the cash rate was under 2% which is actually quite ridiculous. They're obsessed with always keeping the economy growing but it ends up creating bubbles.
    2
  2135. Absolutely. They should allow renters something considering they get none of the generous tax deductions that property owners get. Thanks for sharing!
    2
  2136. Not to put a roof over peoples heads - but to create policies that ensure there is enough housing supply for all citizens and that house prices are affordable enought so everyone can have a roof over their heads.
    2
  2137. You might be right @dylansmith4650. A lot will depend on whether a global recession hits hard and then how high unemployment levels end up.
    2
  2138. Thanks for sharing @davidhowick3665. The next 12-24 months is going to be very interesting.
    2
  2139. Β @thylacine1004Β  Excellent point!
    2
  2140. Thanks so much for sharing πŸ™β€οΈ
    2
  2141. Absolutely
    2
  2142. Congrats Alex, that's brilliant. You've got a plan and you're going for it. All the very best!
    2
  2143. 🀩🀩🀩
    2
  2144. πŸ’―πŸ’―πŸ’―
    2
  2145. Just the most relevant clip I could find
    2
  2146. πŸ™β€οΈ@mehmentum2626
    2
  2147. Yeah, I also have a feeling the US could be headed for some big trouble.
    2
  2148. They'll kick that can as far as they can
    2
  2149. "Rates only come down during a crisis/recession during which time unemployment rises" - this should be the case but developed countries went ultra cheap with debt for over a decade before COVID - which has artificially inflated assets like property.
    2
  2150. Housing Affordability Is currently the worst it’s ever been, and newly released data reveals just how bad this Crisis has become. In many countries, house prices are greater than 10x the average household income. This means that even middle-income earners are struggling just to afford a home. If housing affordability continues to deteriorate at these levels, we could see a massive section of our community never able to realise home ownership, and this is a disaster IMO. https://youtu.be/9vcXdnjbMRs
    2
  2151. Cheers @adampedley3534
    2
  2152. πŸ™β€οΈ @bonestorm007
    2
  2153. Cheers @rieckstudio!
    2
  2154. Thanks for sharing @user-nz6kl8wd8c
    2
  2155. Thanks very much for sharing @grantourismo0109
    2
  2156. 😍😍😍 @buddysek9119
    2
  2157. @M31i55a 🀣🀣🀣
    2
  2158.  @puggle9983  😠😠😠
    2
  2159. Yep, it can keep being propped up but society will see massive unrest over time
    2
  2160. Thanks for sharing your thoughts @JJO117 - and thanks heaps for the Sub!
    2
  2161. It's interesting the scaremongering that happened back then. Those policies definitely would have reduced a lot of speculative demand and helped to fix the housing market. Now look what's happened - totally broken and distorted housing market
    2
  2162. Jeffrey, do you think Gold will take off in 2023?
    2
  2163. How could anyone complain buying a house around 45K when the average wage was 16KΒ @aron.gortmanΒ  ? https://mccrindle.com.au/article/the-fading-australian-dream-of-home-ownership/
    2
  2164. Sort of like buying a stock when every other stock goes up and you think you're a master investorΒ @aron.gortmanΒ 
    2
  2165. Cheers @occamseraser. However it's in an open area so I'm still trying to find a good location. Thanks for watching!
    2
  2166. Thanks for sharing
    2
  2167. Nah, I'm just pointing out all the reasons why the Australian Housing Market is designed to rise way faster than wages. I personally don't think it's right and believe action needs to be taken to improve housing affordability before it becomes a societal catastrophe.
    2
  2168. Β @markdoery08Β  Thanks for sharing!
    2
  2169. Cheers Hayden!
    2
  2170. I like it @Greazer!
    2
  2171. Thanks so much for engaging Paul. Check out the long term cup and handle pattern forming over the gold price. If gold can break out above all time highs, it might really start to explode.
    2
  2172. Scary thought
    2
  2173. YES
    2
  2174. For some people it might seem over the top, but for the full time workers who are either at risk or who have become homeless - I'd say it's a catastrophe for them
    2
  2175. Β @DS-ux9ldΒ  Nah, I think she's saying she wants to grow an online business so she can work that business overseas where it's way cheaper
    2
  2176. Interesting pointΒ @Peter-kk6rgΒ  - thanks for sharing
    2
  2177. Thanks so much πŸ™ ❀️ @bradrice3798
    2
  2178. Yeah, it's been a lot harder for Victorian investors which I talk about in my Melbourne video: https://youtu.be/RarJZKX5kkk
    2
  2179. Cheers Brett. Happy New Year!
    2
  2180. Cheers @williamcrossan9333 !
    2
  2181. πŸ™β€οΈ@kenea3226
    2
  2182. Thanks for sharing @PETRAKIS69ER
    2
  2183. Thanks for engaging Sydney nguyen. I can't advise you what to personally do. However, the housing bubble is a global phenomenom because every country pumped excessive money into the market and now they are going the oppposite. So while every country has seen a ridiculous rally in house price, I think nearly every country will now experience a down turn. As inflation is still soaring, we have many rate hikes to go so house prices could fall quite signficantly during this cycle.
    2
  2184. Β @jubbafrubby4561Β  That's true, I wonder how independent the RBA really is, or do they take their lead from larger countries?
    2
  2185. "There's no fair go anymore" - spot on @CB_72
    2
  2186. Wow, I appreciate that Chris πŸ™β€οΈ
    2
  2187. πŸ™β€οΈ@GlennOfGod888
    2
  2188. CheersΒ @JD-wx3pkΒ 
    2
  2189. Cheers @lord_mex!
    2
  2190. Well we got 1 today
    2
  2191. Thanks for engaging @KenzoTenmaM. They've really screwed things up for future generations and it's really shameful. I wish you all the best
    2
  2192. Cheers Jeffrey. Hope you've been well!
    2
  2193. This is absolutely devastating
    2
  2194. This just creates a massive wealth divide and moves us away from being a meritocracy - very sad for future generations who won't receive a large inheritance.
    2
  2195. Just because Australians are relaxed doesn't mean they're not hard working.
    2
  2196. Thanks so much T T. Yeah, WAF has been a great stock and looks set to continue being great. Being added to the ASX 200 is a great achievement. Even better is the fact they have stayed so strong when other gold stocks have been smashed lately. That leads me to believe WAF could go from strength to strength, especially when the gold price turns around. WAF and PRU are exceptional companies IMO. Also, TIE is another interesting West African gold miner and looks similar to WAF before they started producing. Hope to keep hearing from you and all the best!
    2
  2197. Thanks for sharing O Faux!
    2
  2198. Β @jondoe5536Β  Absolutely, and when you include all the fast tracked student visas, the situation get even more precarious.
    2
  2199. The destruction of opportunity for all is a disgrace actually
    2
  2200. Thanks for the feedback. It's appreciated!
    2
  2201. I think you're onto something @turbinegraphics16
    2
  2202. Thanks so much @terryevp4084πŸ™β€οΈ
    2
  2203. Thanks for sharing @kenlydon1395
    2
  2204. Do you think she'll be more hawkish than Phil?
    2
  2205.  @redgatecrt  😱😱😱
    2
  2206. πŸ™β€οΈ @melissapreiss8401
    2
  2207. Thanks for sharing @robertaubrey3571
    2
  2208. πŸ™β€οΈ@mountainconstructions
    2
  2209. Cheers @Phemruto
    2
  2210. This is always the perfect question to reflect on @ben_astro
    2
  2211. 🀣🀣🀣@L9MN4sTCUk
    2
  2212. Home ownership is declining rapidly, especially amongst the young. https://www.aihw.gov.au/reports/australias-welfare/home-ownership-and-housing-tenure
    2
  2213. πŸ™β€οΈ@Elemenopi205
    2
  2214. Thanks for sahring @catherinemckinnon5176
    2
  2215. Thanks for sharing @woodliceworm4565. I wouldn't say nothing can stop house price rises but there are a lot of powerful interests that want to see them keep rising strongly!
    2
  2216. Thanks David. All the best!
    2
  2217. Camping is great, but when people are homeless it's extremely sad.
    2
  2218. "Because why should you gamify property ownership?" - spot on @HyperIndian
    2
  2219. Β @downunder1Β  Thanks for sharing Down Under
    2
  2220. @M31i55a Yes, but I understand how people could worry because the government and RBA have basically shown they want high house prices.
    2
  2221. G'day Noobius.
    2
  2222. What's ridiculous. It doesn't sound like you even watched the video because I just reported on the latest NZ housing market data.
    2
  2223. Thanks @KoDeMondo
    2
  2224. Who's giving financial advice. It doesn't sound like you watched the video because I just shared the latest data from the NZ housing market.
    2
  2225. Wow, you seem to have been through the ringerΒ @kcc879Β . What they've done to housing in this country is shameful.
    2
  2226. Cheers @owenallen5828
    2
  2227. Cheers @josiemarsh7844
    2
  2228. Interest rates at 9% would be massive to a country like Australia which has so much debt into property. But I agree, inflation could definitely remain higher for longer, especially if they don't lift interest rates now.
    2
  2229. Got a good point there Richard. Thanks for sharing!
    2
  2230. That is ironic @shaun2072!
    2
  2231. I like this idea - it's definitely warranted
    2
  2232. Thanks for sharing. Any improvement in housing affordability would be welcome and I totally agree that government intervention ( combined with bad policy) has created this mess!
    2
  2233. It's a good country - but that doesn't mean the housing market isn't being totally screwed up
    2
  2234. Β @paulsz6194Β  Running record immigration levels seems to be irresponsible when we're in the middle of a crisis.
    2
  2235. Thanks for sharing @JD-wx3pk
    2
  2236. 😍😍😍 @drevil7684
    2
  2237. "they" πŸ’―
    2
  2238. 😍😍😍@farginargle
    2
  2239. 😍😍😍 @yukisanderson6907
    2
  2240. Dead right @vickithiessen8044. Australia and Canada seem to be twins in destroying their housing markets
    2
  2241. I may be annoying - but the most annoying - out of all YT???🀣
    2
  2242. That's very true!
    2
  2243. Australian house prices can't crash - it's written into lawπŸ˜‚
    2
  2244. Cheers @frozbiggins - it definitely hasn't been in the last 25 years
    2
  2245. Cheers @noelNJA82
    2
  2246. Cheers Simon!
    2
  2247. πŸ™β€οΈ@TakeShotAction
    2
  2248. Thanks for sharing
    2
  2249. Many people are locked out - but there's also many who are doing spendidly from this property bubble
    2
  2250. There's a lot of space in this country
    2
  2251. Yeah, housing in Japan is very cheap as their population is declining and they don't allow immigration. Also, many European countries have policies designed to keep too much speculation out of property - in Australia our policies actually encourage speculation and over-leverage into property.
    2
  2252. Yep, when countries don't have a meaningful correction for many decades, it results in huge speculation because people see it as a sure bet.
    2
  2253. Cheers @gazzatatts4228!
    2
  2254. Thanks for sharing @crazyprayingmantis5596
    2
  2255. Thanks for sharing @jamesdonald7485
    2
  2256. Accept Australian property - which just goes up and up and up
    2
  2257. Cheers @randymaloney7113
    2
  2258. Cheers πŸ™β€οΈ
    2
  2259. Well their policies make property the closest thing to a sure bet!
    2
  2260. Cheers Darcy. Time to rise up I reckon
    2
  2261. Cheers @redgatecrt
    2
  2262. Cheers @niceckberg7131. I appreciate that!
    2
  2263. Thanks so muchΒ @billjames3030Β  !
    2
  2264. Yeah, the only way looks to be up for unemployment from here. Thanks for engaging!
    2
  2265. Great feedback @RM-hu1bx. I mostly speak off the cuff which is why I seem to have to edit it so often. Hopefully I can improve in this area!!!
    2
  2266. Thanks so much @matthewbaker1088!
    2
  2267. πŸ™β€οΈ@joekeegan-yc4nm
    2
  2268. 😍😍😍 @Theaceofspace255 
    2
  2269. Cheers Bjjnnn Kakka. Inflation keeps soaring around the globe and we're starting to see some large interest rate hikes. There's currently a lot of turmoil in the global economy. Where to from here?
    2
  2270. Thanks Bbash101!
    2
  2271. So where to now for the Australian housing market? Will we continue to see the same amazing house price growth we've seen for the past 30 years?
    2
  2272. Housing was very affordable in Australia until around 2000 - after that house prices have risen way faster than wages and the gap keeps growing.
    2
  2273. πŸ™β€οΈ @LittleRayofSunshine69750
    2
  2274. Hi Gordon. Thanks for the request. Sorry I didn't see it earlier. Yes, I intend to do a video about Silver in the coming weeks. Are there any silver stocks you're interested in?
    2
  2275. You would think prefab homes would see a large increase
    2
  2276. With our current levels of debt, that would destroy the economy
    2
  2277. As per the video, most investors are claiming concessions for established housing which means they aren't increasing supply at all.
    2
  2278. If houses rose in value around the wave amount that wages rose, then affordability would remain the same for future generations. Sadly, they've risen many more multiples compared to wages.
    2
  2279. We used to be inexpensive just 30-40 years ago
    2
  2280. Thanks so much for sharing @amgis5218!
    2
  2281. "people that already owned a house before the covid big print and lowering of the interest rate only needed to buy another property and ride the wave on up as the frenzy (ponzi) started and kept climbing and then sell up now and be debt free easy for those with assets already." - spot on @jpscott126. It was so clear that wild speculative had entered the housing market in 2021 yet the RBA nor government did anything to try and remove the very unhealthy demand. Totally irresponsible or done on purpose?
    2
  2282. πŸ™β€οΈ @peterforsyth962
    2
  2283. Maybe that's what they want
    2
  2284. 😱😱😱
    2
  2285. Thanks for sharing
    2
  2286. 😍😍😍@rohanhall-dq9ij
    2
  2287. Thanks so much @shawnankor2753 πŸ™β€οΈ
    2
  2288. But what about all the current property owners?
    2
  2289. That's will soon become the norm by the looks of things
    2
  2290. Agreed, along with a reduction in immigration
    2
  2291. Hopefully we can see some real easing in the housing market to remove all this crazy speculation
    2
  2292. As per the video, out of all the negative gearing deductions claimed by investors, only around 10% are for new builds. As a result, it's not helping supply.
    2
  2293. No one is saying immigration is bad (especially me) - we're asking why we're running record immigration levels when we're in the worst housing crisis in history
    2
  2294. Thanks very much for sharing @ManufactureBelief!
    2
  2295. Wow, that's massive @jso19801980. That sort of drop would send shockwaves around Australia
    2
  2296. It's definitely going to create major issues if property price keep rising faster than wages
    2
  2297. 😱😱😱
    2
  2298. Cheers @ASXStockPicking πŸ™β€οΈ
    2
  2299. 😍😍😍@Robert-xs2mv
    2
  2300. 😍@fionadurante5225
    2
  2301. Absolutely correct.
    2
  2302. Β @mysty0Β  Thanks, just looked it up. It was intended to substantially increase the population of Australia and to supply workers for the country's booming industries. In addition to subsidising the cost of travelling to Australia, the Government promised employment prospects, affordable housing, and a generally more optimistic lifestyle.
    2
  2303. There's been strong demand for the last few months
    2
  2304. Just imagine if interest rates rose to actual high levels - this house of cards housing market built on debt would collapse πŸ“‰πŸ“‰πŸ“‰ . https://youtu.be/VJj-oq7dhds
    2
  2305. 100% Kym, and it seems to be because they prioritise ultra high house prices above all else. However, this is unsustainable as we're starting to see with the rental crisis. Thanks for sharing.
    2
  2306. Agreed @JJ-mc8lu. Ultra low rates for a long time has created a debt fueled housing bubble where investors have enjoyed very little risk.
    2
  2307. πŸ™β€οΈ@dukedstar4384
    2
  2308. Β @mohhingmanΒ  Agreed
    2
  2309. Β @smathers3104Β  Even flat for a few years would improve housing affordability. As long as wages rise faster than property we're slowly improving
    2
  2310. Β @JReklisΒ  Wow, thanks for sharing
    2
  2311. When is that can't coming?
    2
  2312. Good feedback @brunswickbulldogs2967
    2
  2313. Nah, I'm just losing my hair @archninjaa7507
    2
  2314. Agreed, that's totally screwed over people who don't have a home
    2
  2315. The value of each dollar has progressively been destroyed, so it's much harder to buy today than any previous year
    2
  2316. I know the RBA staff get mortgage discounts
    2
  2317. Thanks for sharing @jacobvanraalte7652 - and I agree about COVID spending spree which sparked an inflation disaster. I'm always happy for a chat
    2
  2318. For independent and heartfelt content, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2319. Those actions would see a massive improvement in Housing Affordability. It would also see vested interests probably rioting on the streets.
    2
  2320. For content from a chiselled Greek Adonis, Subscribe Here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2321. Cheers The Second Opinion πŸ™β€. I hope they go to the moon!
    2
  2322. Cheers @floydpaulos5526!
    2
  2323. A long time when they can print money out of thin air
    2
  2324. Welcome NZBRG1, thanks for the support!
    2
  2325. Thanks for sharing @lillian9221
    2
  2326. Absolutely πŸ’―
    2
  2327. Yes, I've noticed that NZ is actually vocal about trying to improve housing affordability. Australia on the other hand...
    2
  2328. Spot on @serena-yu - why bother trying to start new businesses when you can make safe ridiculous gains via property?
    2
  2329. Thanks @prince46799!
    2
  2330. 😍😍😍 Thanks for sharing @carolyngartner6865!
    2
  2331. Thanks Michelle.
    2
  2332. Cheers Jamie Diaz. All the best!
    2
  2333. Thanks for sharing from the US @SuitedforGaming
    2
  2334. Thanks for the feedback @miezeken
    2
  2335. If you bought a 2 million dollar home and it doubles in value in 10 years, you made a capital gain of 2 million and a non home owner has made zero during that period. And it's all tax free. That's better than winning the lotto.
    2
  2336. This is shockingly sad hollysmith 😒 and why it get so upset that successful governments have failed to take any real action to improve housing affordability. Thanks for sharing and all the very best!
    2
  2337. Yep, and I just see banks giving longer and longer term mortgages so noone will every expect to completely pay of their mortgages. It's will be a form a renting but hopefully your rents (interest payments) will decrease over time.
    2
  2338. Thanks for sharing @NoDiarrhea007 - we have a Bilo connection
    2
  2339. The fact that many full time workers can no longer afford their own home is a trajedy IMO.
    2
  2340. Cheers @donnajohnson9324 πŸ™β€οΈ
    2
  2341. Thanks so much @andygarnet7191. I agree that when global population starts declines, it will massively impact the housing market
    2
  2342. Yep, spending seems to be the way now - and that will be extemely difficult to stop
    2
  2343. 😱😱😱@steveburn2711
    2
  2344. "They are simply applying common sense and following the government blueprint, understanding that western governments are using property as the ultimate wealth Ponzi scheme. If there is a bet one cannot lose, then a person would be !nsane to not take that bet." - Spot On. Who wouldn't put as much money as they could into a sure bet???
    2
  2345. πŸ™β€οΈ@nottenvironmental6208
    2
  2346. Thanks for sharing Cind Ers. I feel like protests need to occur because the government is unwilling to take any real action to improve housing affordability.
    2
  2347. Absolutely. Ultra cheap money combined with over-generous housing policies all but guarantee a speculative housing market
    2
  2348. Wise words
    2
  2349. Cheers @cranny1321
    2
  2350. 😍😍😍 @IsaacLHarrison
    2
  2351. It's hard to kill John Wick, and it's hard to kill the Auatralian Housing Market!
    2
  2352. That's an excellent question @HomerSimpson514
    2
  2353. πŸ™β€οΈThanks so much @gregsanders5833
    2
  2354. 😍😍😍
    2
  2355. 😍😍😍@maxmiles7872
    2
  2356. πŸ™β€οΈ@crazybass78
    2
  2357. They'll be back @jonathansmith5305
    2
  2358. Surely they should dampen their immigration intake considering the current housing crisis. But will they?
    2
  2359. πŸ™β€οΈ @Umtree
    2
  2360. πŸ’―@antpoo
    2
  2361. If they keep having to raise interest rates, there's going to be carnage because our housing market has massive amounts of debt. Could get scary.
    2
  2362. It's going to be really interesting to see what happens with house prices. Were the recent rises all artificially inflated or was it a genuine boom?
    2
  2363. It's bloody crazy
    2
  2364. 😍😍😍@nigelmaund9057
    2
  2365. Yes, that does seem to be coming
    2
  2366. Yeah that has been frustrating me a bit @armouroscardear - thanks very much for the suggestion. I also use a VLOGGING camera which I don't think is the best for just static videos so I'd like to upgrade to get better results too.
    2
  2367. Agreed, surely they would reconsider the record numbers but they don't even seem to care.
    2
  2368. Spot on @auzziewoz3620
    2
  2369. Yes, that will be the real test @jenifferschmitz8618
    2
  2370. CHeers @lightforce3642πŸ™β€οΈ
    2
  2371. 😍😍😍 @jasminetutt7631
    2
  2372. Cheers @adamhend3211!
    2
  2373. Yep, Australia and Canada are like twins when it comes to destroying their housing markets
    2
  2374. Thanks so much for sharing @chrisinselwyn
    2
  2375. That's really full onΒ @caravanlifenzΒ 
    2
  2376. Gotta risk it for the biscuit!
    2
  2377. Thanks for sharing your thought. Auatralia is one of the only countries that allow ultra generous tax deductions like negative gearing and capital gains tax discount. Even having no capital gains tax on our principal place of residence is more generous than a lot of other developed economies. To me, there's definitely a correlation between having the most generous housing deductions and having the most expensive housing in the world. (Almost).
    2
  2378. "we have a societal culture of money-for-nothing from real estate capital gain." - Absolutely @johndouglass3010, and tax effect capital gains as well.
    2
  2379. They'll tryΒ @RDHZRDΒ 
    2
  2380. 😍😍😍 @mrmoneyhacks5480
    2
  2381. Cheers Alibabbas!
    2
  2382. Seems to be happening more and more - thanks for sharing @maryjensen1888
    2
  2383. Yes, there's definitely plenty they could do to improve housing affordability but will they do it. Thanks for sharing!
    2
  2384. Cheers. for the housing bubble to really pop, I believe we need to remove some of the over-generous housing deductions like negative gearing and keep interest rates at higher levels (above 4% cash rate). The the housing market can operate like normal markets and not like one that's consistently artificially inflated.
    2
  2385. Its a me, Mario❀❀❀
    2
  2386. Agreed!
    2
  2387. Yeah, Australian property isn't allowed to crash anyway - it's written into legislation!
    2
  2388. Cheers @burto77 !
    2
  2389. Thanks Abdull. Best wishes with all your investments!
    2
  2390. The incentive should be the 1 third of Australians that don't own property who are being pushed towards poverty
    2
  2391. Spot on @jceezee1084 - you could have someone with a house worth 5M and still getting the pension
    2
  2392. Spot on @Billydevito
    2
  2393. Thanks for sharing @danielstapler4315!
    2
  2394. Thanks for sharing @mikfax
    2
  2395. πŸ’― @TheCarin12
    2
  2396. This should be a very high priority for the government - ensuring that future generations have a good opportunity of home ownership - but instead they artificially inflate and prop up the housing market with terrible policies that keep benefitting property investors.
    2
  2397. Cheers the one who waltzed Matilda! πŸ™β€οΈ
    2
  2398. Cheers @mikeannear1719
    2
  2399. 😍😍😍@nigelmaund9057
    2
  2400. 😍😍😍 @vaspats
    2
  2401. Yeah, I was also very surprised to see Brisbane house prices nearly reach Melbourne's prices during the Boom. Mortgages for first home buyers are getting larger and larger which means interest rates can't go too high otherwise we crash.
    2
  2402. "Levendi" @aaronhogan2371 - and I reckon you're a bloody levendi too
    2
  2403. Could be bumpy!!!
    2
  2404. Where for art thou Romeo???
    2
  2405. πŸ™β€οΈ@Lesterthebeet
    2
  2406. Cheers @kassrripples3659
    2
  2407. Any other stocks you'd be keen on if they continued to fall?
    2
  2408. Hi @coopsnz1, please stop the name calling in your comments.
    2
  2409. Nah, I fully encourage difference of opinion, as long as it's always respectfulΒ @coopsnz1Β 
    2
  2410. I've never talked about socialismΒ @coopsnz1Β . I discuss policies that effect the housing market and consider if and how those policies affect house prices.
    2
  2411. Happy for you to feel strongly about thisΒ @coopsnz1Β  - just make sure you keep all comments respectful as I want everyone who comments to feel safe from abuse.
    2
  2412. Soma4u 2, thanks for all the engagement. I'll be stoked if you keep commenting on my videos and sharing your thoughts/ideas!
    2
  2413. 100% Soma4u 2. A prosperous nation should not allow housing to become out of reach for a large section of society. At the moment, we're seeing a large wealth gap occurring and it's not based on hard work, it's based on property ownership.
    2
  2414. 😱😱😱 @MGB618
    2
  2415. Hope you're right @LibertyDownUnder - I'd love to see vacancy rates rise quickly
    2
  2416. Truly shocking @Motion2082. THanks for sharing and I wish you all the best
    2
  2417. "but their debt has got completely out of control." - dead right @cranny1321. Closing in on 34 Trillion national debt
    2
  2418. Cheers @travsgamingclub8957!
    2
  2419. Well Hong Kong is said to have the most expensive housing in the world and Sydney is rate 2nd according to http://www.demographia.com/dhi.pdf
    2
  2420. House prices have fallen significantly in NZ and havne't risen since the falls - opposite to Australia
    2
  2421. Thanks so much for the support @carolyngartner6865
    2
  2422. 😍😍😍
    2
  2423. Cheers @pinkenbajedi2119 😍😍😍
    2
  2424. Thanks very much for sharing @peterRobinson10101. From what I've seen, Victorian house prices have risen a lot less than other states since COVID. Is that accurate based on your experience?
    2
  2425.  @zzagriff  😱😱😱
    2
  2426. Agreed isaahliu. Australia seems to pull out all stops to ensure house prices remain ultra high.
    2
  2427. Thanks for sharing those insights @brett7989!
    2
  2428. Β @guilmarperez4674Β  No guru and I'm not saying to burst. I'm saying it could and I hope both the Canadian and Australian housing bubbles burst to allow more people to own their own homes
    2
  2429. 😱😱😱
    2
  2430. That's a 54.5% rise in just 1 year - staggering.
    2
  2431. Cheers @davidsharp7105!
    2
  2432. Yes, it's very strange that no real action is being taken to try and improve housing affordability.
    2
  2433. "How the hell can you build 200k homes and bring in 600k immigrants. simple math." - Spot on @TheHealthLife!
    2
  2434. Nearly every other country doesn't allow negative gearing. In most other countries, people invest for income - but in Australia it's mostly speculation for capital gains.
    2
  2435. Can you imagine an actual property bust in Australia? It's unheard of
    2
  2436. Thanks @lowtec1969
    2
  2437. πŸ‘‹πŸ‘‹πŸ‘‹@gravyau
    2
  2438. Thanks for sharing!
    2
  2439. Hi Eric, All the best with buying a home. Just remember, the greater the challenge, the greater you'll feel when you overcome it!
    2
  2440. Great to hear from you Lee. WAF had an amazing breakout this week and it's cousin PRU is doing very well also. Actually incredible considering the gold sector has been so weak lately.
    2
  2441. 😍😍😍 @kerriemills1310
    2
  2442. 😍@becsterbrisbane6275 - love the tip!
    2
  2443. This may be so, but it doesn't mean we shouldn't push for a better system. When there are great opportunities for everyone, then all of society will be more productive in my opinion.
    2
  2444. This could be right - but we'll have major societal issues if house prices keep rising faster than wages
    2
  2445. Hey thanks so much @user-ev7fk2us5o!
    2
  2446. What are you expecting @joelcowley3695?
    2
  2447. Definitely could happen. Thanks for sharing!
    2
  2448. @ZiG[E] I think the point was bitcoin could outperform as an investment as real estate growth might be lower. Not sure if that will happen but it could.
    2
  2449. Thanks very much for sharing @Beanerds
    2
  2450. Cheers @surferrosa1104
    2
  2451. Thanks for sharing @bitey6709
    2
  2452. The real problem in my opinion is that anyone who has over-leveraged into property has done extremely well which just encourages more irresponsible speculation.
    2
  2453. By the power of greyskull - subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2454. Cheers @ShortOrderCookπŸ™β€οΈ
    2
  2455. Thanks heaps @OrganicGPT πŸ™β€οΈ
    2
  2456. Cheers @GuntherGlesti 😍😍😍
    2
  2457. Doesn't make sense - you should have been born earlier
    2
  2458. 😍😍😍@mikkocarlos5913
    2
  2459. Now you can share mine 🀣🀣🀣@johnryan1386
    2
  2460. Unless their parents own property
    2
  2461. Yeah, they all learnt economics from the bottom of a cereal box!!!
    2
  2462. It's really sad how they try and pursue easy endless growth without looking into any of the root causes of our current housing issues.
    2
  2463. Thanks Peter. Merry Christmas!
    2
  2464. All the best @JibAtTheFenceπŸ™β€οΈ
    2
  2465. "The Second Opinion" I really appreciate that feedback and the engagement. I generally don't like to be too alarmist but the more I look at the data the more I feel there's some big problems ahead for the Global Economy. Like you said, the music always stops sometime and then the party's over. All the best!
    2
  2466. Spot on @Phemruto
    2
  2467. Gold price has been very volatile lately Noobius. However, it's forever been known as a Safe Haven asset which could come into it's own over the next few years!
    2
  2468. With a mortgage would now be above 37% which is a large section of the community - and it will keep growing as boomers pass away.
    2
  2469. Dead right @amaknusa9212
    2
  2470. That makes me mad @lewislibre
    2
  2471. I love this insight and feel it's very true - thanks for sharing!
    2
  2472. People con't believe a housing crash could occur in countries like Australia but they can and do happen (like your Japan example). However, because the Australian economy is built on rising house prices, it will only happen when it's out of the control of the government and RBA IMO. Thanks for sharing.
    2
  2473. Is the ever increasing debt going to result in big trouble one day?
    2
  2474. Β @Peter-uf4ynΒ  So we tweak the policies like only allowing negative gearing on new housing supply.
    2
  2475. Cheers @Phemruto. Yes the media helped fan the FOMO flame sadly!
    2
  2476. πŸ™β€οΈ@feral4mr2
    2
  2477. All they need to do is only allow negative gearing on new supply of housing and it will help increase supply and reduce demand - which is exactly what we need.
    2
  2478. What's housing and living costs like in Vietnam @koolb5290 ?
    2
  2479. Have they created a generation of debt slaves who have to get large mortgages because houses are so expensive?
    2
  2480. Lord Harry, I especially don't like it if a property is foreign bought and then sits empty. This adds to the current rental crisis we're seeing now. Thanks for engaging.
    2
  2481. Cheers @YeloPartyHat
    2
  2482. 😍😍😍 @historicaustralia
    2
  2483. Yep, property has risen many multiples more than wages have - that's for sure.
    2
  2484. Mate I think it's a medium but it's getting a bit tight around the gut - so I better lay off the sweets. Can't remember where I got it - maybe an op shop
    2
  2485. 😍😍😍 - not much of it left @Deano00777
    2
  2486. Cheers Asia, you're awesome
    2
  2487. Thanks very much for sharing @southaussielad2496. I really hope this easing of the crisis continues
    2
  2488. "it would start with the lack of demand from the mining sector which snowballs into people can't pay their home $$$ government royalties dry up and etc etc and snowball off that" - This is interesting @Hongsta
    2
  2489. This is true, but the 50% discount is a lot more generous
    2
  2490. Thanks for sharing @Mike-ry4ti
    2
  2491. Thanks for sharing Maninder! So you think we might have a multi-decade rally in Gold?
    2
  2492. Thanks for sharing that lowtec1!
    2
  2493. Β @murungilutalo4775Β  Absolultely right!
    2
  2494. 😱😱😱
    2
  2495. "Accepting insurmountable hurdles for young people to achieve average living standards will eventually come back to bite Australia in the ass." - Spot on @pictureworksdenver
    2
  2496. Cheers Nic!
    2
  2497. What are you observing in Canada at the moment @lindsayambler9706?
    2
  2498. Great insight @flthmr63
    2
  2499. Australia's housing market sure seems to go up forever
    2
  2500. Someone else was saying they were about to unsubscribe because of my jokes - but the jokes will be back!
    2
  2501. Wow, thanks so muchπŸ™β€οΈ
    2
  2502. Do you think listings will remain to their longer term average soon?
    2
  2503. "all other government powers are put towards solving this crisis at all costs." - needs to happen @Risingashes
    2
  2504. 😍😍😍@Canadian_Eh_I
    2
  2505. That's because you can't kill the Auatralian Housing Market just like John Wick. https://youtu.be/ZvoF6EyigrQ
    2
  2506. 😱😱😱 @csa_yt
    2
  2507. "timing is so hard to pick on short-term" - that's for sure Asia. Thanks so much for your input!
    2
  2508. That's a gem @pommygeezer9309😍😍😍
    2
  2509. You could be spot on the money Mohammad. Thanks for your thoughts!
    2
  2510. Thanks for sharing @JD-wx3pk. That's terrible what's happening to your Grandmother which I feel could be more than a 10% rise. I think affordable housing is the hallmark of a good functioning society - so sadly we've failed here.
    2
  2511. Thanks for sharing
    2
  2512. Yeah, it shouldn't only be those on ultra high incomes who have financial stability
    2
  2513. 😍😍😍
    2
  2514. Thanks for sharing Marky D. Gold stocks today rose strongly which might actually be a pre-cursor to a gold price rally. Because gold stocks are so volatile, they often get sold down too far which I think they have recently. This makes it very tough to own but also presents amazing opportunities as the next run might go the other way and they become overbought. All the best!
    2
  2515. It's time they took action to reduce the speculative demand in the housing market
    2
  2516. Thanks so much @user-lh5kn8tv4f, I've been trying! 😍😍😍
    2
  2517. Thanks for the feedback kakoiigaijin. I'm always trying to improve my videos so cheers.
    2
  2518. Houses are still expensive in NZ - as many locals tell me
    2
  2519. Thanks @davidwhelan4803. I've also heard stuff like that from WA because it was one of the last places where houses were relatively cheap. Now house prices are rising strongly and vacancy levels are drastic.
    2
  2520. Agreed, but the RBA did say they didn't believe interest rates would rise until 2024. Sadly I think a lot of people fell for that.
    2
  2521. Cheers Justin. I really appreciate itβ€πŸ™
    2
  2522. Agree there are many factors - and immigration and ultra generous housing tax deductions are 2 or the biggest factors that create ridiculous speculative demand IMO. However, banning foreign ownership is a small change that could be made which would at least improve things - even if it was temporary.
    2
  2523. Absolutely - has to happen to reduce property being used for speculation.
    2
  2524. 😱😱😱
    2
  2525. SUBSCRIBE to the Greek Stallion HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2526. Yeah, it's unfathomable at this stage. Australia has never experienced a real housing crash, so even a 30% decline would seem like the end of the world.
    2
  2527. Actually, over 90% of property investor purchases are over established housing so it adds very little overall supply of housing
    2
  2528. "I have a feeling some banks and realtors are in for a merry Christmas and a crappy new year" - I like this @dougiep2769
    2
  2529. Thanks very much for sharing Bruce Maki.
    2
  2530. That's because affordability has been consistently getting worse for the past 23 years. Before that, affordability was pretty constant as house prices rose in value similar to wage rises.
    2
  2531. Thanks so much @melissapreiss8401
    2
  2532. Unlike hot air balloons, the Australian housing market never seems to go down!
    2
  2533. Beautifully said " Low interest rates are like heroin, it might feel good to take it but when you try to get off them you are absolutely f*cked." - I love this!
    2
  2534. Wow, cheers @yukisanderson6907 - nah I just like mucking around😍😍😍
    2
  2535. 😍😍😍 @rayjames9835
    2
  2536. 😍😍😍@tonysamaha763
    2
  2537. Great strategy ClassyClassical. You just have to be willing to let a lot of sellers reject your offer so you need a fair bit of resilience I reckon. I wish you all the very best!❀
    2
  2538. Hey, I really appreciate that @ASoumakie!
    2
  2539. @harrysoothsayer5086, that will solve it with total destruction!
    2
  2540. Thanks for sharing @davisutton1
    2
  2541. Wow, thanks so much @tonyryan43 πŸ™β€οΈ
    2
  2542. 😱😱😱
    2
  2543. My grandparents are Greek
    2
  2544. Yeah, I have heard a lot of people mention the 18 year housing market cycle. I'll be very interested to see how it plays out.
    2
  2545. I watched it all Cind Ers. He made plenty of correct statements around supply and demand but there are actions that can be taken right now to improve housing affordability (which nobody seems willing to do). Also, he made no mention of the RBA's role is destroying housing affordability and a large percentage of house price rises (way faster than wages) is due to the RBA keeping a ultra cheap interest rate policy for the last 15 years. Thanks for sharing!
    2
  2546. πŸ™β€οΈ @vincentcacciola7161
    2
  2547. Absolutely
    2
  2548. Great thoughts @Toggymok. Thanks very much for sharing!
    2
  2549. Agreed. The NASDAQ rode too high too quick, and you can see by META's massive fall, you can't trade at perfection prices for long periods of time. https://youtu.be/DKj7Zg6QmvI
    2
  2550. πŸ™β€οΈ@noelalvarez98
    2
  2551. Β @bjjnnnkakka7813Β  The next Gold and Silver Rush could be around the corner.
    2
  2552. 🀣🀣🀣 @justinmolsal5613 
    2
  2553. Thanks for sharing @whippersnapper660
    2
  2554. Cheers Turbo Turtle. Are you bullish on Gold?
    2
  2555. "Single family houses went from 6x yearly gross income to +20x. Since starters were priced out of houses, they inflated townhomes and apartments too." - this is shocking
    2
  2556. 100% - same playbook indeedΒ @williamcrossan9333Β 
    2
  2557. Β @peterk2455Β  Wow, thanks so much for sharing!
    2
  2558. I would assume they would be similar
    2
  2559. Thanks for sharing @mikethang7905
    2
  2560. Absolutely, why allow ultra wealthy foreigners bid up the price of houses when hard working locals can't afford one?
    2
  2561. Excellent pointΒ @bencoad8492Β  !
    2
  2562. Yep, and can stay irrational for much longer than we expect!
    2
  2563. Cheers @BenjaminSFrost!
    2
  2564. Agreed Driven2rebel. Affordable housing is a requirement for a healthy society IMO.
    2
  2565. Excellent post @justindressler5992!
    2
  2566. Got no idea what it would be like to work for him but I'd like to see some accountability taken for the RBA's role in destroying housing affordability in this country.
    2
  2567. Thanks so much for sharing @SzybkiTom. That's absolutely tragic IMO and one of the reasons I make these videos. Just 30 years ago, someone on a lower wage could have easily afforded a home and paid it off quite quickly. Fast forward to today, and a higher income earning has trouble buying a standard house - something's gone majorly wrong. I wish you all the best!
    2
  2568. Geoff Baines, thanks so much for sharing your on-point thoughts. I agree the over-generous housing policies have created way too much demand for housing, which sends prices higher and higher which creates more and more speculation into property. All the best!
    2
  2569. Cheers niknah!
    2
  2570. Cheers Lee. WAF on track to make new all time highs in the new future. All the best!
    2
  2571. Cheers @Axlebeen
    2
  2572. Nah, I know that park in Brisbane and no one tents there just for the fun of it
    2
  2573. Trouble is, those owning multiple housing and leveraging to the hilt get rich because they are protected by government and RBA policies.
    2
  2574. ​ @DoubtingThomas333Β Australia has had one of the greatest house price appreciations over the past 30 years in all the world. And the amazing thing is we've hardly seen any downturn like most other countries have. Can this last forever?
    2
  2575. Β @williamcrossan9333Β  Hi, I use that stat from this article: https://mccrindle.com.au/article/the-fading-australian-dream-of-home-ownership/. It shows that nearly every capital city was under 3x income in 1981 except for Sydney.
    2
  2576. Cheers @michaelanstis5668
    2
  2577. 🀣🀣🀣 @user-wy4mp9ts3u
    2
  2578.  @wombatusmaximus1788  ❀❀❀ Staffies are the best!!!
    2
  2579. Β @wombatusmaximus1788Β  That's exactly what it was too. Didn't enjoy it at all
    2
  2580. Plus he had a special mortgage arrangement when he first purchased his property
    2
  2581. 😍😍😍@mrdisklow
    2
  2582. So why won't they do it @DavidWebb718?
    2
  2583. Β @JohnPatersonAuΒ  Craziness - thanks for sharing
    2
  2584. 😍😍😍 @fritzprints7182
    2
  2585. Except Australia's Bubble apparantly
    2
  2586. Cheers @mfp3148!
    2
  2587. Every negative seems to be a positive for Canadian and Australian house prices lately.
    2
  2588. I sure hope it improves so people have a decent opportunity to buy their own home. Thanks for sharing!
    2
  2589. "The real issue is negative gearing and the 50% discount on capital gains" - Agreed, removing these ultra generous tax deductions will remove a lot of the speculative demand for property - which would be a great thing.
    2
  2590. I completely disagreeΒ @zoelong6021Β . No other countries seems to allow negative gearing like Australia does (because it's a bad policy). It creates additional demand for property which make housing more expensive so less renters can afford their own home. Why would you give a tax deduction for a property investment that loses money?
    2
  2591. Cheers @newto4361
    2
  2592. You should have told me earlier @L9MN4sTCUk πŸ˜‚
    2
  2593. Thanks for sharing @gregatkinson5929
    2
  2594. Dead right
    2
  2595. Thanks so much @damien9216 !πŸ™β€οΈ
    2
  2596. 😍😍😍@user-yk6rn9ms8w
    2
  2597. Agreed
    2
  2598. πŸ™β€οΈ@xFENRISx
    2
  2599. It's sad to see how much housing affordability has been destroyed in just 25 years
    2
  2600. "Affordable housing NOT nuclear subs" - I like the sentiment
    2
  2601. Thanks for sharing @bjorntorlarsson
    2
  2602. Or will they just pull out every stop to keep kicking the can down the road?
    2
  2603. Thanks for your thoughts @jubbafrubby4561
    2
  2604. hey @finsightfulwealth, unless young people are going to receive a large inheritance, it's going to be very hard for them to buy property anywhere near a capital city.
    2
  2605. That's the way it seems to be going if you don't own property
    2
  2606. I feel it is betrayal as government and RBA policies inflated house prices by 50% or more since COVID - but now we can't fathom even a small decline in prices.
    2
  2607. Cheers @kyahblack3445 - sorry about the hackers.
    2
  2608. Thanks for sharing @addictiveaussie!
    2
  2609. Yep, massive stimulus and ultra cheap debt during COVID has resulted in a right royal mess.
    2
  2610. Scrap negative gearing, ban foreign ownership - Absolutely needs to be done to start reducing some of the ridiculous overall demand.
    2
  2611. Thanks very much for sharing
    2
  2612. Prices have risen over 50% in many places
    2
  2613. Thanks heaps for sharing @Ghekko-kw3zz
    2
  2614. Thanks so much @antl986 😍😍😍
    2
  2615. Perth has seen crazy demand but this should ease eventually - especially if immigration levels start to ease.
    2
  2616. Cheers @CarolJorgensen-oj8tz
    2
  2617. πŸ™β€οΈ@Erol-fj1zb
    2
  2618. Because we need a decline because prices are insane and it's destroying society. So I keep hoping for housing to become more affordable for home buyers and future generations - but ultimately policies that affect house prices are completely out of my control.
    2
  2619. Because the entire economy is build on debt
    2
  2620. Yes unemployment could be the catalyst of crash
    2
  2621. Wow, thanks for sharing @Professor__S - this is very sad
    2
  2622. Wow, perfect example. All the best with your start-up @colinp1233πŸ™β€οΈ
    2
  2623. Mike Lee, thanks so much for sharing. Things are definitely getting more volatile. All the very best!
    2
  2624. You got one!
    2
  2625. Right at the end on the subscribe screen. I was thinking of you!Β @lord_mexΒ 
    2
  2626. Thanks so much for sharing Frank!
    2
  2627. Yes I'm definitely saying that because my friend was a cafe worker and bought a house without too much fanfare
    2
  2628. What's the weather like where you are now?
    2
  2629. Yeah, it's a phenomenon that really hurts locals trying to buy their first home.
    2
  2630. "And anytime it looked like it might go wrong for the investors, book, more rate cuts and a fresh wave of credit to keep the bubble going." - Spot on Β @austinmackell9286Β 
    2
  2631. CheersΒ @ASXStockPickingΒ  !
    2
  2632. Trying living in his head
    2
  2633. That is bloody sad
    2
  2634. Β @MotivateMillionsΒ  Yeah, many countries have controls & policies in place to ensure house prices don't rise too much above wages and inflation - but not Australia
    2
  2635. Your sister knows great comedy!
    2
  2636. Cheers ralph. I really appreciate you watching my videos. πŸ™πŸ™πŸ™β€β€β€
    2
  2637. 100% daryl. It's easy to keep the ponzi going when 2 thirds of the population are mostly very happy with it.
    2
  2638. Spot on @timfarry7071, thanks for sharing the crisis situation that's happening in Canada
    2
  2639. It seems like it's been going on for far too long.
    2
  2640. 🐟🐟🐟 Fishy indeed @mayormccheese6171
    2
  2641. Dead right
    2
  2642. Cheers @Albaal117πŸ™β€οΈ
    2
  2643. Thanks so much Surfer Rosa πŸ™β€οΈ
    2
  2644. "Fast forward to post covid they handed everyone $750 per week for 2years straight. THAT IS A SHIT LOAD OF MONEY PRINTING" - dead right @tonyaquino_photography4838 - and the same thing happened across the entire globe.
    2
  2645. Cheers @pauldiezel4584!
    2
  2646. Yep, it's out of control
    2
  2647. Thanks so much Matticus Silverman, I really appreciate it. All the best!
    2
  2648. The higher prices rise, the more propping up from governments and banks?
    2
  2649. Yep
    2
  2650. What are you seeing ahead?
    2
  2651. Prop up forever - because the entire economy is dependent on strong house prices.
    2
  2652. Thanks heaps for engaging 0011clem raptor. Yes, housing policiies have encouraged wild speculation in property and they need a major overhaul IMO. Best way to help home buyers is to make house prices more affordable.
    2
  2653. 😍😍😍@AndrewQuinOneTake
    2
  2654. In the stock market, they wouldn't call it a crash unless it dropped 30%. For Australian real estate, I would class anything above a 20% drop a crash.
    2
  2655. Hey @Spacemonkeymojo, I do believe we're in a bubble because there's rampart FOMO type speculation - and that's the sort of crazy demand you typically see in bubbles. The trouble is, all our current policies feed massive demand into property so this bubble could continue as the government and RBA just kick the can down the road as far as they can. So yes I believe it's a bubble, but will it burst - that's hard to tell. I definitely should IMO because property investment should contain risks and not be a sure bet like it has in Australia
    2
  2656. Great analogy @wabisabi3619
    2
  2657. Cheers @mariatriantafillou1549 πŸ™β€οΈ
    2
  2658. Why not make some tweaks like only allowing negative gearing for new supply of housing? That will help with supply and reduce some of the speculation on existing homes.
    2
  2659. Interesting suggestion @atholmullen - thanks for sharing!
    2
  2660. Cheers Glenn. Thanks for engaging with my channel!
    2
  2661. Great point @happycrank1
    2
  2662. Cheers Lizvaughan. All the best!
    2
  2663. Thanks so much @travsgamingclub8957
    2
  2664.  @michaelsaint9181  🀣🀣🀣
    2
  2665. πŸš—πŸ’₯
    2
  2666. It's a sad state because lots of people won big time due to COVID policies while others are being pushed into poverty.
    2
  2667. Roaming Alone πŸ™β€οΈ
    2
  2668. Thanks so much @7headed1πŸ™β€οΈ
    2
  2669. Thanks so much for sharing your ideas TheRosiebeam. I agree in Australia you'll most likely be looking at a bigger mortgage because house prices in the major cities are so high. ❀
    2
  2670. πŸ™β€οΈ @mitchaussiecook
    2
  2671. It's doom for millions of renters who may never be able to afford their own home - even when they could have easily have afforded one in the past.
    2
  2672. GO OUT WITH ME - SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2673. This is true, but if houses keep rising faster than wages, we'll have societal upheaval, and that's not good for anyone
    2
  2674. That would be a welcome change from the insane speculation over there
    2
  2675. Yeah, but YouTube doesn't allow you to just post other content (i.e. Q&A). If I didn't cut it up, I wouldn't be allowed.
    2
  2676. Cheers @treelimb2878, yes their both have massive housing bubbles and seem to keep perpetuating them
    2
  2677. Thanks very much for sharing your situation @NutterTTV - all the best!
    2
  2678.  @Vicki_Aussie_Girl  ❀❀❀
    2
  2679. 😍😍😍 @becsterbrisbane6275 
    2
  2680. Not a pleasant vision of the future
    2
  2681. Thanks a lot @timwu5934!
    2
  2682. 😱😱😱 @WillWilson999
    2
  2683. Do you think Gold and Silver will start taking off this year?
    2
  2684. What was the bubble pop like in 1980?
    2
  2685. We'll all smell like peanuts
    2
  2686. 😍😍😍@Peekaboo-Kitty
    2
  2687. Giddyup
    2
  2688. Giddyup!
    2
  2689. If things continue to deteriorate, I can see this sort of thing happening. Look what happened to Gamestop and AMC when people got together.
    2
  2690. πŸ™β€οΈ
    2
  2691. Do you think Trump will pump more stimulus into the economy?
    2
  2692. Abso-freakin-lutely Toyo Masauce
    2
  2693. 500 is a bit of an exaggeration - more like 499
    2
  2694. @ghengiskhan340 Thanks for the suggestion
    2
  2695. Hope not - society will be in real trouble if that's the case
    2
  2696. Cheers @toolbox0001πŸ™β€οΈ
    2
  2697. Yeah, but they'll try and reduce them down again as soon as anything gets a bit dicey
    2
  2698. Cheers @pauldiezel4584!
    2
  2699. Thanks for sharing @tracey-lu4kx
    2
  2700. Thanks for sharing @proadlekopy!
    2
  2701. Absolutely, politicians are more concerned about getting voted into government than the wellbeing of our society.
    2
  2702. Thanks so much for commenting from Canada itubeo1o. Housing affordability has been so screwed in countries like Canada and Australia it isn't funny.
    2
  2703. Cheers @markwilliams4362. Not many people watch it because most of my following are into real estate - but I like to do videos on some of the big movers in the markets as well.
    2
  2704. 😍😍😍@yingyangorca4124
    2
  2705. Thanks very much fro sharing @wsiak340!
    2
  2706. That's shocking @schuma61. Thanks for sharing and I wish you all the bestπŸ™β€οΈ
    2
  2707. Yeah, it's pretty volatile.
    2
  2708. When you get everyone addicted to ultra high house price growth combined with low interests rates - it's definitely not something that can be easily unwound.
    2
  2709. Spot on Drew. There's many things that could improve housing affordability but that requires some kahunas to make decisive decisions.
    2
  2710. What are you noticing @uvx508?
    2
  2711. But when will the Ponzi collapse?
    2
  2712. πŸ™β€οΈ
    2
  2713. Thanks for sharing @campbellmorrison8540
    2
  2714. Cheers @TIKRelaxingMusic
    2
  2715. Cheers SWURV MOTOR SPORTS. 100% agree!
    2
  2716. Homelessness?
    2
  2717. Yep, those who have been trying to buy their own home have been royally screwed!
    2
  2718. Love the analogy @ClovisPoint
    2
  2719. Yes, but you can't loan as much to buy stocks and the stock market in general is much more volatile (especially individual stocks). Housing on the other hand seems to carry very little risk as it's propped up by so much demand
    2
  2720. Subscribe to your Aussie pal here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2721. Thanks so much @MatheusCarvalho-ev9hw!
    2
  2722. Too much editing because I make lots of mistakes
    2
  2723. πŸ˜‚πŸ˜‚πŸ˜‚@user-yk6rn9ms8w
    2
  2724. More people competing for properties. Whether they're competing for rentals or buying a house - it creates extra demand which tends to push up house prices.
    2
  2725. Thanks for sharing
    2
  2726. Cheers @williamcrossan9333!
    2
  2727. Thanks very much for sharing your thoughts Troy!
    2
  2728. Thanks so much @MargaretCampbell583πŸ™β€οΈ
    2
  2729. Thanks for sharing @rohanhall-dq9ij
    2
  2730. Federal politicians on average own about two properties per person. About 86 per cent of federal politicians own at least one residential property, which is much higher than the 67 per cent of Australians who own their own home. The fact that they own so much property means they will personally benefit from policies that keep housing demand high - like negative gearing, captical gains tax discount, record immigration, foreign ownership etc.
    2
  2731. Those on the wrong side of this system have been dealt a shocking hand @williamcrossan9333. Don't beat yourself up as you're doing well in a rigged system imo. I wish you and your family all the very best. πŸ™β€οΈ
    2
  2732. So great to have you watching from Sri Lanka amilaperera. πŸ™β€οΈ
    2
  2733. Thanks for sharing your difficult story Anna. I wish you all the best!
    2
  2734. Β @annaelmo9357Β  Yeah, that would be great!
    2
  2735. Cheers @lr5954
    2
  2736. This hightlights the shocking state of the Australian Housing Market @Motion2082. Thanks for sharing and I wish you all the very best.
    2
  2737. 😍😍😍@Umbreon-ln7fe
    2
  2738. And that will probably be when house prices start falling so they can prop up the market again.
    2
  2739. I know, but the right decisions should be made no matter how many vested interests there are.
    2
  2740. "but....power currupts all" - yep, sell your soul or something like that @timjohnston5201
    2
  2741. Excellent insight @Playboysmurf1!
    2
  2742. Good feedback @clairew4288 - I'll have to work on it!
    2
  2743. Thanks Bjjnnn. The risk seems to be growing IMO.
    2
  2744. Cheers @llillian4055😍
    2
  2745. Yeah it should @downundertruckerusa4733. I only didn't include them because they've had a decent correction and house prices haven't risen as much in 2023. But yes, their housing market is also cooked!
    2
  2746. Thanks for sharing @petrusrossouw6018
    2
  2747. Cheers @Hoad.o47 - I'll work on it
    2
  2748. Agreed @hame1965 , and the maintenance for the French Castle would probably be out of the world. It's still very interesting to compare prices.
    2
  2749. It's going to be interesting
    2
  2750. Cheers @antl986
    2
  2751. Even a 20% decline would be massive
    2
  2752. πŸ™β€οΈ @vittorianesse
    2
  2753. Yep, I tend to agree Hongsta2285, and there's so much additional money in the economy since interest rates were kept at zero for 12 months. What will be interesting will be if interest rates remain high and the government actually scraps some of the generous housing deductions like negative gearing.
    2
  2754. Good points Hongsta2285
    2
  2755. Here's a few thoughts: https://youtu.be/6AUGzjXIMoU
    2
  2756. Thanks for the compliment😍
    2
  2757. πŸ’―
    2
  2758. Demand doesn't just come from population growth. Interest rates and housing tax policies also have a massive impact on overall demand. It will be interesting to see what happens.
    2
  2759. 😍😍😍@korkad204
    2
  2760. πŸ™β€οΈ@foua48
    2
  2761. I'd like to see them take some real action to improve things - and stop just ignoring the issue.
    2
  2762. Maybe... The experts have been right on pretty much everything since COVID so no one really knows exactly what will happen.
    2
  2763. I wish you all the very best.
    2
  2764. Excellent ideas @johnkern1878 - thanks so much for sharing and I wish more investors thought that way!
    2
  2765. You're welcome Eric. Thanks for engaging and All The Best!
    2
  2766. Thanks so much @BeBetter863😍
    2
  2767. "America’s fails, Australia’s fails too!" - I feel this is true!
    2
  2768. Great point @LibertyDownUnder
    2
  2769. Thanks for sharingΒ @galx3788Β  !
    2
  2770. Of course, we're not implying the housing market is a fraudulent ponzi scheme. We're highlighting how people who bought when property was cheap, are massively benefitting from property becoming more and more expensive compared to wages - and then adding in how this market isn't really free as anytime there was a real case for a significant decline, policies have helped prop up the marketΒ @alexjenkins8026Β 
    2
  2771. "we all need to think about the next generation" - Spot on @rosshitchen-ij6en
    2
  2772. 😍😍😍
    2
  2773. Yes, AirBnB will be very interesting to see if consumers really start to reduce their spending.
    2
  2774. Thanks so much Smartliner. Hope you're going great over in Germany!
    2
  2775. "The house obsession of Australian is no 1 sports" - I love this
    2
  2776. "price falls are normal. Price Falls allow new entrants into markets." - spot on @Gimli1732. Artificially propping up the market doesn't allow the normal cycles to flush out irresponsible speculation
    2
  2777. Even since before that - which is why the Australian housing market has become so speculative and is the closest thing to a sure bet (due to government and RBA support).
    2
  2778. Now that would be interesting if rates rose from here
    2
  2779. No property portfolio for me @georgekeiser3867
    2
  2780. Cheers @surferrosa1104!
    2
  2781. This is the worry
    2
  2782. 😑😑😑
    2
  2783. Yep, the cockroaches will be bidding over Sydney land
    2
  2784. Thanks so much for sharing your thoughts Retro Thingz. In the past, the government got away with only looking after property owners because the majority of Australians owned property (because it was cheaper) and obviously wanted their property value to rise astronomically. But doing this for 3 decades creates a unsustainable model. Why on earth would Australia of all places have some of the most expensive housing in the world? It's not like we're running out of land. I'd love to keep hearing your thoughts.
    2
  2785. Cheers @markovasil1608πŸ™β€οΈ
    2
  2786. Farhad Habibullah, I'm humbled by your feedback. Where are you from?
    2
  2787. Thanks for sharing. I don't think negative gearing and capital gains tax discount are solely responsible for the housing crisis. However, I believe they definitely believe they contribute to overall demand which is why house prices have grossly outperformed wages for the past 25 years. However, there are also many other areas where we can reduce overall demand - which should also occur imo (starting with reducing immigration)
    2
  2788. Yes they went harder than Australia @rhysgilbert5942
    2
  2789. Β @Liberty_Prime_Is_OnlineΒ  Yep, since the pandemic - where every country followed the same sorts of policies, now all those countries are seeing some sort of housing crisis.
    2
  2790. 😜😜😜
    2
  2791. Not sure what this means Young Chung, but I wish you all the best!
    2
  2792. Thanks so much @C165095πŸ™β€οΈ
    2
  2793. Great analogy mohhingman. Thanks so much for your input. All the best!
    2
  2794. Australian house prices are never allowed to crash. That's the law
    2
  2795. Thanks for letting me know TheNumber10. All the best!
    2
  2796. Β @TheSchmidtishΒ  Cheers, I appreciate that!
    2
  2797. I did see they relaxed some of their original rules.
    2
  2798. Hi Chris, Potentially if the investors are over-leveraged and some will be forced to sell. Generally speaking, I think the areas that had the greatest speculation and sharpest rises have the greatest risk of larger drops in prices. Auckland in New Zealeand is already seeing some quite sharp falls.
    2
  2799. πŸ’―@drez13
    2
  2800. Have you been a home buyers over the past couple of years? If so, I'd love to hear your story as we've been through such a volatile period.
    2
  2801. You're dead right. Way too much government intervention has created an assets that goes up like a speculative stock but without any of the risks. The government has proven it will never willingly allow the housing market to crash which just add fuel to the fire.
    2
  2802. Cheers @KoDeMondo!
    2
  2803. What's it like in Sweden @swedish_sadhguru3854?
    2
  2804. You got that right @jordynpiano7171 - I call it a betrayal
    2
  2805. Thanks for sharing @jordanpet4892
    2
  2806. Cheers @alexshai
    2
  2807. Thanks so much for sharing. I wish you all the very best!
    2
  2808. Gold has just seen a massive breakout
    2
  2809. That's really shocking @zaravr - thanks for sharing πŸ™β€οΈ
    2
  2810. Thanks for sharing!
    2
  2811. Great insight @mrekin2146. Thanks for sharing!
    2
  2812. Yep, Adelaide, Brisbane and Perth have been destroyed
    2
  2813. I'll believe when I see it David. The RBA is so against interest rate rises it's not funny. Remember when they said they would raise until 2024? What's your prediction for when the first rise will occur?
    2
  2814. I feel like it needs to be talked about way more than what I'm doing - as millions of Australians are sufferring and being completely locked out of the housing market.
    2
  2815. Intervention is their second name!!!
    2
  2816. I think they do understand it
    2
  2817. Thanks so much for sharing @user-ms8ep9de3e
    2
  2818. You're right, there's so many factors that can affect house prices - especially related policies. Will they continue going all in on supporting ultra high house prices? - that's the question IMO
    2
  2819. Spot on @ggaynor101πŸ’―
    2
  2820. It's gunna be bumpy!!!
    2
  2821. Sure do, great movie
    2
  2822. Cheers @adamhend3211
    2
  2823. If you like life - subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2824. 😍😍😍@So_Meh
    2
  2825. Thanks for sharing @johncitizen5377, I love hearing what's happening on the ground
    2
  2826. Thanks for sharing @bigbrother8495
    2
  2827. Sad but true
    2
  2828. Cheers @willbellmortgagebroker. "This situation we are in will not just be resolved without a lot of pain over a long period of time." - love this!
    2
  2829. 😍😍😍@LauraMoyaLocalMortgageBroker
    2
  2830. Cheers @r3toric
    2
  2831. Cheers @Ekka007
    2
  2832. Cheers @jonathansmith5305
    2
  2833. Β @davidbrayshaw3529Β  If houses were cheaper, more renters could afford their own home. If housing tax deductions weren't so generous, it would reduce overall demand. So I'm not saying less investors, I'm saying reduce the overall demand through policy change.
    2
  2834. Love it @banjerism7281. Thanks for sharing!
    2
  2835. A family used to be able to afford a home on one income. Now, you need around 2.5 or 3 incomes
    2
  2836. Thanks so much @thekagifret
    2
  2837. Putting up rents only work when there is massive demand for rentals. If Australia was to reduce immigration to levels of new construction, that would take most of the heat out of the rental maket. Also consider, nearly every other country doesn't allow negative gearing and most of them have cheaper rent compared to income.
    2
  2838. Thanks for sharing AuAg goldbug. Looks like a very interesting ETF that I'll keep an eye on. Not for the faint hearted by the looks of the price chart!
    2
  2839. 😍😍😍@nikolailakajev
    2
  2840. Hi @Roseanna-w1m, I never bother predicting anything anymore because there's so many factors and policies out of our control that can impact house prices. From people I've talked to, the demand in the Brisbane housing market is slowly starting to ease which is showing up in less people bidding at auctions and less parties bidding for individual properties. Personally, I hope this continues and that we see house price declines going forward to give home buyers like yourself a decent opportunity to negotiate a home buy. Thanks for reaching out and all the very best. πŸ™β€οΈ
    2
  2841. We can try!
    2
  2842. 😍😍😍@WW11110
    2
  2843. We are doomed if the Government fails to take any action to improve housing affordability - which is exactly what's occurred for the past 30 years. https://youtu.be/3Kk-wq_8Eac
    2
  2844. Cheers Thomas100c! β€πŸ™
    2
  2845. It's not right that people have to pay a fortune because the government and RBA inflated housing with their COVID policies.
    2
  2846. Thanks for sharing your theories @marciocarioka
    2
  2847. Yeah, you need high vacancy rates for rent prices to come down, I will high immigration that looks unlikely
    2
  2848. If rates go up again, it will be a large shock @vincentcacciola7161. Everyone expects we've seen the last rate rise.
    2
  2849. 😍@melissapreiss8401
    2
  2850. 😍😍😍@colmwhelan9198
    2
  2851. Thanks very much for sharing @christopherellis2663. Is cost of living a lot cheaper in Romania in general?
    2
  2852. Excellent insightΒ @lock8433Β 
    2
  2853. Absolutely Hongsta2285. Considering our house prices are so expensive and we have a rental crisis, we need to overhaul our housing policies immediately IMO.
    2
  2854. 😍😍😍@rayjames9835
    2
  2855. Quite crazy how they're pumping immigration so hard when housing affordability is the worst it's ever been
    2
  2856. They should be normal - but central banks have gotten everyone dependent on ultra low rates now.
    2
  2857. Thanks so much @JohnInvest17πŸ™β€οΈ
    2
  2858. Agree Carl. Canada's housing market looks very similar to Australia. Do you think it could crash?
    2
  2859. Actually, up until around 2000, house prices rose similar to rises in wages and inflation. As a result, housing remain quite affordable until around 2000. After that, it's risen way faster than wages and the gap keeps growing
    2
  2860. Maybe, but any improvement in affordability will be welcome from here
    2
  2861. πŸ˜‚πŸ˜‚πŸ˜‚
    2
  2862. Thanks for sharing @arnobertogna4718
    2
  2863. Why do you think scrapping negative gearing would be such a disaster? Most other countries in the world don't allow negative gearing like we do, and practically all of them have more affordable housing than Australia.
    2
  2864. Thanks @john36175!
    2
  2865. I'm not even saying prices will definitely fall, as there's so many policies out of everyone's control that impact on house prices. I'm just noting the dynamic change in the housing market (starting in Melbourne and Sydney) which could spread to the other cities.
    2
  2866. Very true @kienhwengtai8113
    2
  2867. Β @samtannouri3665Β  Yep, it's actually staggering when I look at the value in the US compared to Sydney!
    2
  2868. Yep, I've seen the same thing happen in Australia. If house prices keep rising way faster than wages, you end up created a 2 class system between the haves and the have nots - which is terrible for society IMO. Thanks for sharing Brendan!
    2
  2869. Thanks so much for sharing Asma!
    2
  2870. Yeah, it's very hard to know what will happen to Bitcoin.
    2
  2871. Thanks so much @markwilliams4362
    2
  2872. Thanks for the suggestionΒ @Beats5-g8wΒ 
    2
  2873. ThanksΒ @andymanaus1077Β . I'll try and keep an eye on it.
    2
  2874. Thanks for sharing these insights@Demar-yh9bl!
    2
  2875. Thanks @robb5642!
    2
  2876. πŸ™β€οΈ
    2
  2877. Thanks so much for the feedback Soma4u 2. All the best!
    2
  2878. That sounds very cheap @jackfieldsjack1061. Thanks for sharing
    2
  2879. πŸ™β€οΈ@dosmatrix4470
    2
  2880. Yeah, it will be very interesting to see what happens to NZ housing from here.
    2
  2881. πŸ™β€οΈ@thompsongl
    2
  2882. Thanks for sharing.
    2
  2883. Yep, all the housing policies at the moment seem to benefit properties owners and ignore everyone else. Because of this, many property owners have been able to get rich while it's harder and harder for others to even afford a single home. Something has gone terribly wrong.
    2
  2884. Bjjnnn Kakka, thanks for sharing your thoughts!
    2
  2885. I know, his accent is way more sexy than mine!
    2
  2886. The trouble is - everyone wants to buy all the time in countries like Australia and Canada.
    2
  2887. "Do Both ..focus on increasing housing supply and lower immigration" - Agreed @StevieWrightMuzac
    2
  2888. Thanks so much πŸ™β€οΈ
    2
  2889. That's an incredible stat @fbboringstuff
    2
  2890. They're certainly trying to get people to take on more and more debt would could end in disaster!
    2
  2891. Very interesting thoughts Quantum. I just hope the AI doesn't try and wipe the humans out like in Terminator!
    2
  2892. Thanks @PleasePaintHighElves, but if noone takes real action, the issue will continue to get worse. If more and more people can't afford a home, they'll become a large voting force and will no longer be able to be ignored.
    2
  2893. I'm calling for it@BB-xx3dv
    2
  2894. Thanks for sharing @stevo728822
    2
  2895. Cheers @Smart7Media!
    2
  2896. Yep, it's the people.paying the most tax who seem to get screwed over the most
    2
  2897. Cheers @peterenglezos2880πŸ™β€οΈ
    2
  2898. 😍😍😍 @rebelgordo2339
    2
  2899. Good question
    2
  2900. As Australian house prices have risen way faster than wages for the past 25 years, I don't think it's just a supply issue. Everything that creates demand for Australian property contributes to the current housing affordability crisis (Sydney classed as the 2nd worst in the developed world). Foreign ownership, generous housing tax deductions like negative gearing and capital gains tax discounts, high immigration and ultra cheap debt all creates additional demand and has contributed to our current housing crisis.
    2
  2901. Thanks @Elevatevisiondigital. Are you seeing prices start to come down?
    2
  2902. Thanks for sharing!
    2
  2903. πŸ™β€οΈ@colinp1233
    2
  2904. It is a strategy that countries seem to use
    2
  2905. Thanks so much for sharing Marguerite Regan. Well done and I wish you all the very best!
    2
  2906. Β @amgis5218Β  That's why it's hard to understand how house prices are staying up so strong. Is it mostly investors and cashed up homebuyers who are paying the super high prices?
    2
  2907. Β @johnmills5516Β  That would destroy the entire Australian economy. I'm not saying it's out of the question but I think they'll do everything possible to avoid that scenario.
    2
  2908. Record levels of immigration means the migrants will have to live somewhere. But I agree there is a tipping point with house prices and rents, so it will be very interesting to see how it all plays out.
    2
  2909. Thanks for the suggestion @Speedi-tm5dm
    2
  2910. Hope you're well Soma4u 2!
    2
  2911. I like your probability forecasts @atholmullen7803 - thanks for sharing
    2
  2912. So keep raising interest rates?
    2
  2913. Hey @newto4361, no I don't remove comments in general - but YouTube sometimes auto deletes or puts comments into a review folder - and I often don't have time to review.
    2
  2914. Thanks so much for sharing your thoughts Aaron. All the best!
    2
  2915. 😍😍😍@chriskranz6488
    2
  2916. We might see some drops, but I agree it will be hard to see significant drops while there's so many policies that support high house prices
    2
  2917. Cheers @metcruza5536 - thanks for sharing your thoughts!
    2
  2918. Thanks TheMacnizel!
    2
  2919. Thanks for sharing!
    2
  2920. Thanks so much choopa 😍
    2
  2921. Thanks for sharing Down Under!
    2
  2922. You're absolutey spot on @uxpjsxu. It shows how badly we've destroyed the housing market because now there's so much desperation and speculation going into housing. So far, Australia hasn't risen interest rates as much as other countries, so that combined with mass immigration could be helping to push up prices.
    2
  2923. "The disparity of wealth between the HAVES and HAVE NOTS, will continue to grow." - sadly this is what is happening, and it's got nothing to do with how hard someone works.
    2
  2924. Β @XTSonicΒ  Thanks for sharing!
    2
  2925. Thanks for sharing David!
    2
  2926. Like it @davidwood9966 😍
    2
  2927. 😍😍😍@greatglidesby3322
    2
  2928. Homes and Holes
    2
  2929. Cheers @user-mw4go7ez9t πŸ™β€οΈ
    2
  2930. Yep, they'll kick that can as far as possible
    2
  2931. I'm awake and the speculative nature of the Australian housing market is creating major problems for our society - which will continue to get worse IMO unless real action is taken to improve affordability.
    2
  2932. Great ideas seth harris - thanks so much for sharing!. What worries me about what you shared is: "couples with moderate to high wages that own 5-10+ properties, all mortgaged to the max and leveraged off each other". I believe this sort of behaviour has been encouraged by our over-generous housing taxation policies which rewards people for taking this sort of massive speculative risk. If our current policies didn't create so much demand that houses massively outperform wages, then there would be less people over leveraging because housing wouldn't be such a sure bet.
    2
  2933. "never mind they will own everything and be happier." - love this @faithfamilyfreedom5750
    2
  2934. Cheers Alf. All the best!
    2
  2935. If they go too high, house prices will definitely crash
    2
  2936. Cheers @jubbafrubby4561. Surely someone can have the kahunas to do something???
    2
  2937. Β @simonc6328Β  Totally agree!
    2
  2938. Yep, great solution
    2
  2939. Dead right @BrandOdyssey, but people will happily get that amount of debt for the expectation of continuing strong house price gains.
    2
  2940. Hmm, that will be very interesting if it happens. Thanks for sharing,.
    2
  2941. Great insight Linda. Thanks for sharing!
    2
  2942. I really appreciate that @AussieV8-05!
    2
  2943. If you watch my videos lately, I'm not saying house prices will fall - I'm highlighting the shocking system and what will happen if we keep going down this path (which is what the government seems to want).
    2
  2944. Cheers @cpater5397 πŸ™β€οΈ
    2
  2945. I hope it doesn't end up like that.
    2
  2946. I really hope not but some of their policies make it look like that.
    2
  2947. Brisbane housing prices have been surging while Melbourne hasn't gone up much comparably. I feel like Brisbane will overtake Melbourne soon.
    2
  2948. 😱😱😱
    2
  2949. Β @banjerism7281Β  Record immigration levels are the problem IMO. Birth rates have declined massively so we'd be seeing real population decline if there was no immigration. Whether that would be good or bad I don't know.
    2
  2950. 😍😍😍 @mikerowe3849
    2
  2951. Thanks for sharing
    2
  2952. If you live in Canada, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw and if you live in any other country, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  2953. If anyone wants to look into some Uranium explorers, the following stocks are either full Uranium Explorers or combined miner and explorer: β€’ IsoEnergy β€’ ALX Resources β€’ Standard Uranium β€’ Kiplin Metals β€’ GoviEx Uranium β€’ Azincourt Energy β€’ CanAlaska Uranium β€’ Anfield Energy β€’ enCore Energy β€’ Elevate Uranium β€’ Standard Uranium β€’ Blue Sky Uranium β€’ Baselode Energy β€’ CAT Strategic Metals
    2
  2954. Thanks for sharing @murungilutalo4775
    2
  2955. 😍😍😍@Dobermann.Kennel
    2
  2956. Thanks for engaging @pebblepod30. "But do all ponzi schemes eventully collapse if the govt always bails them out?" - I think they can keep kicking the can down the road as far as they can but eventually feel there will be an inevitable collapse. If house prices keep rising faster than wages, there could come a tipping point where renters can't afford a home and also can't afford the rents required for investors to service their loans.
    2
  2957. I'm grateful for your engagementΒ @pebblepod30Β  !
    2
  2958. PotentiallyΒ @pebblepod30Β , I'm always happy to receive ideas to make videos about or to incorporate into a video.
    2
  2959. "You can't take heroin from an addict and have them change their behaviour overnight. What the housing market needs is a methadone program" Excellent thought @simonc6328. Thanks for sharing!
    2
  2960. Scary isn't it.
    2
  2961. Absolutely - they'll do everything they can to prop up the market.
    2
  2962. That's an interesting thought
    2
  2963. Cheers @rieckstudio!
    2
  2964. Thanks for sharing @gregwooldridge8864
    2
  2965. Absolutely Queen Bee!
    2
  2966. No, it's not a silve bullet, but overhauling tax concessions along with the ideas you mentioned would go a long way to reducing overall demand which is positive IMO.
    2
  2967. Thanks so much for sharing Bawse Life. All the best!
    2
  2968. Yep, Canada is facing a crisis and Australia seems set to follow
    2
  2969. What's going to happen to the housing market?
    2
  2970. Cheers @susanwhite5839
    2
  2971. That would be massive Vincent
    2
  2972. So great to hear from you @white364 all the way from Paris. Thanks for watching!
    2
  2973. Yes I think it's unfair because first home buyers have to compete against investors who benefit from tax concessions so can easily bid more than the first home buyer.
    2
  2974. Absolutely, should have started way earlier. Cheers @williamcrossan9333!
    2
  2975. Thanks for sharing erin!
    2
  2976. Wow, thanks so much for the support @Chopraankit07πŸ™β€οΈ
    2
  2977. 🀣🀣🀣😘😘😘 @Sir-Cuntington
    2
  2978. I'm not telling people not to buy and I'm not telling people prices are definitely going to crash - I'm just hoping for a correction or even for wages to grow faster than house prices for a period of time. My hope is that affordability improves so more people can own their own home. Also, after COVID I believe we could have seen a more significant correction if it weren't for the immigration taps being fully opened. We could have easily had a correction like New Zealand but once again speculation entered our market. I've also done a number of videos explaining why the Australian housing market is like a ponzi and how house prices are purposely inflated by policies out of our control. Thanks for watching and I agree with your sentiments
    2
  2979. Cheers @niceckberg7131!
    2
  2980. If the cash rate stays over 4% for a lengthy period of time that will mean massive pain to many people on large mortgages (which is basically any first homebuyer who has bought recently.
    2
  2981. Cheers @offthegriddownunderaustral8814 !
    2
  2982. πŸ™β€οΈ
    2
  2983. 😍😍😍@msrcoldrooms8754
    2
  2984. Politics ends up corrupting people sadly
    2
  2985. πŸ™β€οΈ@arthurlongshanks
    2
  2986. Thanks for the feedback s clark
    2
  2987. 5% would be absolutely massive in Australia!
    2
  2988. It's happening
    2
  2989. Absolutely conflict of interest
    2
  2990. Bitcoin has been flying lately.
    2
  2991. I think I'd need many more subscribers for that to be true but it's a positive sign nontheless - cheers @Forexfox99
    2
  2992. Absolutely Naou. It's should be a fair go for all, but we've turned Australia into a country of Property Haves and Have Nots.
    2
  2993. πŸ˜‚πŸ˜‚πŸ˜‚
    2
  2994. Thanks @crazyham πŸ™β€οΈ
    2
  2995. Thanks for sharing @joelG1272
    2
  2996. πŸ™β€οΈ@williamcrossan9333
    2
  2997. Thanks really sad - thanks so much for sharing @wedontwantwar71
    2
  2998. Thanks so much Fiona πŸ™β€οΈ
    2
  2999. I really appreciate that @Million-os7dp πŸ™β€οΈ
    2
  3000. Thanks for sharing @graceg2716!
    2
  3001. Is it too much???
    2
  3002. 😍😍😍 @Leanne-cr2xf
    2
  3003. Yep, Australia's already one of the most expensive housing market's in the world - but the government and RBA could always do their best to make it even more expensive and unaffordable. If they keep interest rates at decent levels and scrap the over-generous property tax deductions, then affordability might start to actually improve. Will they do it?
    2
  3004. Thanks heaps @MrMrmicah!
    2
  3005. Thanks for sharing @aaronkelly4255. You don't keep the water running when the bath is already full.
    2
  3006. 😍😍😍 @shaunlawer1115
    2
  3007. Yeah, Brisbane and Adelaide have succumbed to speculative mania which is destorying their housing markets
    2
  3008. Thanks for sharing @KaiserMoC and I wish you all the very best!
    2
  3009. Yeah, that's what's I'm thinking
    2
  3010. Yep, New Zealand being one of them!
    2
  3011. Thanks so much @antl986!
    2
  3012. Australia seems to import mostly Spanish for some reason
    2
  3013. Wow, thanks for sharing @Erintii !
    2
  3014. That's crazyΒ @parkerbohnnΒ 
    2
  3015. Thanks for sharing @mrpolsco6872 !
    2
  3016. Thanks @lowtec1969 - I really appreciate your support! πŸ™β€οΈ
    2
  3017. Cheers Dino. All the best!
    2
  3018. Thanks so much rieckstudio!
    2
  3019. Me neither @helpelaine3927. When you have a crisis, you take action to try and fix the crisis don't you???
    2
  3020. 😍😍😍
    2
  3021. It's very sad when families don't feel they can't afford to have kidsΒ @TheNanoNinjaΒ 
    2
  3022. Β @fairhall001Β  Absolutely - it makes no sense IMO considering how bad housing affordability has gotten
    2
  3023. Cheers Thomas100c!
    2
  3024. Thanks for your insights!
    2
  3025. 😍😍😍 @birddog8083
    2
  3026. "aged pension applications are going to skyrocket in the next 30-50 years as Millenials and GenZ's, locked out from the housing market, end up spending the entirety of their superannuation buying a house thus having to rely on the pension to get them through." - dead right @PyjamaLlama
    2
  3027. We need something because housing rising massively faster than wages for decades is not sustainable in the long run.
    2
  3028. I don't like it. Regarding their strategy, do you think they'll try and make prices ridiculously high so most can't afford it or crash the entire economy and then start again with new "own nothing" type policies?
    2
  3029. Yep, NZ prices have stabalised and increased slightly while Canada and Australian prices are increasing more sharply. Will this continue or will we see further price declines as recessions kick in and unemployment starts rising?
    2
  3030. Thanks so much for sharing @RachelWang-ub6gc. Countries like Australia, Canada and New Zealand seem to follow the same playbook - and destroy their housing markets in the meantime.
    2
  3031. Thanks so much @peterenglezos2880
    2
  3032. Cheers Eric. Thanks for engaging and all the best!
    2
  3033. 😍@lllllukeify
    2
  3034. Wow, thanks for sharing @gold3084
    2
  3035. 😍😍😍 @brettsharp5074
    2
  3036. Wow, thanks so muchπŸ™β€οΈ
    2
  3037. Wow, thanks so much for taking the time to share those insights @eveenforester8145!
    2
  3038. Pass us a beer love!
    2
  3039. Thanks so much @tbhtbh1661πŸ™β€οΈ
    2
  3040. 😍😍😍 @xpictos777
    2
  3041. What if they don't want equality of opportunity?
    2
  3042. Sadly, that's about the state of it
    2
  3043. You might be right!
    2
  3044. 😍😍😍 @kcc879
    2
  3045. I think you might be right. And if we had a nuclear war, the cockroaches would be left fighting over the land in a bidding war.
    2
  3046. Cheers @mrwolsy3696
    2
  3047. Love it @clintonzorro😍
    2
  3048. Thanks so much @androlium013!
    2
  3049. KoreyB, Thanks so much. Merry Christmas!
    2
  3050. Thanks for sharing @queenbee4637. It's so sad how government and centra bank policies have created this sort of desperation and FOMO in the housing market.
    2
  3051. Yep, COVID policies that every country followed have now led to a housing crisis and every country.
    2
  3052. Hi Mark, thanks so much for engaging. Australia is the 2nd largest producer of Uranium. I like those 3 ASX stocks and they are all showing a current uptrend and have all fallen back a bit in the last few months which creates a better entry point than after their spike in 2021. It should be noted that Uranium stocks on just started seriously rising in 2021 after bout 10 years at very low prices as they were unfavoured for a long period. Boss Energy (BOE) is advertised as Austalia's next Uranium producer so perhaps is slightly higher risk but could provide more bang for your buck if they start producing well. All the very best!
    2
  3053. This is true, but Japan doesn't really have an immigration program which makes it quite different from Australia. But it does show that booms can definitely bust under certain conditions
    2
  3054. "it is priority number one that house prices keep going up." - I agree but this will start changing as more and more of the population don't own property. The government can't just cater to property owners any longer.
    2
  3055. Cheers @easydoesit83
    2
  3056. The hope is changing the conversation so policies treat housing as a place to live and not a speculative commodity to try and create wealth.
    2
  3057. Cheers @gumballr11
    2
  3058. Thanks for the insights @modfus
    2
  3059. 😱😱😱@The-Silent-Storm-Is-Coming
    2
  3060. Hi Jasmin. I cannot tell you what to do - but I can tell you what I would do if I was looking to buy a house. I would personally not rush as I believe the situation for buyers will continue to improve over the next 12 - 24 months. The reasons I wouldn't rush is based on the following: Interest rates are only at the start of the current rate hike cycle, a lot of the latest boom was based on wild speculation which means house prices could fall more than in previous booms, the global economy is not in a good position which means there could be recessions in many countries which results in people being much more cautious with their money, the stock market has turned bearish which means there is more fear around investments in general. If I wanted to buy a house, I would prefer to see low auction clearance rates and houses sitting on the market for longer periods. What I'd really love to see, is the media constantly reporting that house prices have fallen large amounts as that would add more fear in the market (just the opposite of when the news was reporting all the massive gains). So because there are so many potential headwinds for the housing market, I personally wouldnt' be rushing to buy, but I might start putting in some low bids just to see what happens. That wasn't possible when markets were crazy hot but will be possible soon IMO. I look to New Zealand which has seen all the demand go out of the market. They've even had to cancel auctions because of lack of interest. This could flow to most developed countries over the next few months as interest rates continue to rise from their current ultra low position. All the best!!!
    2
  3061. Good point @col2959
    2
  3062. Think about me, I have to look at myself ever day!
    2
  3063. πŸ™β€οΈ@gregpeterson7731
    2
  3064. 😍😍😍@annoying4sure
    2
  3065. 😘😘😘 @Sanyo_Wesler
    2
  3066. No it shouldn't
    2
  3067. Thanks so much @nigelmaund9057!
    2
  3068. Cash rate has been way too low for way too long and inflated a housing bubble. Rise it high enough and it would indeed crash everything!
    2
  3069. " Every time the fed and government get involved the wealth gap grows." - spot on @josephstupar3372, thanks for sharing
    2
  3070. Thanks for sharing @gothkidd8712. I wish you all the very bestπŸ™β€οΈ
    2
  3071. 😍😍😍 @DedoTi
    2
  3072. Very good point!
    2
  3073. New Zealand saw a significant decline from the peak. US and Canadian prices have fallen from the peak. Australian housing market is harder to kill than John Wick.
    2
  3074. Sure feels that way @louiseyvette2261
    2
  3075. Great thoughts erin
    2
  3076. Interesting thought @dumdumbrown4225
    2
  3077. 😊😊😊
    2
  3078. "Theres no one on either side of politics with the courage to take real action." - Spot on @paulgood3849!
    2
  3079. Thanks heaps for sharing @gregfraser2763. It will be very interesting to see how the market handles a real reduction in permanent and temnporary immigration. See if this happens in 2025.
    2
  3080. I definitely feel we headed towards some sort of volatility
    2
  3081. πŸ™β€οΈ
    2
  3082. 😍😍😍@becsterbrisbane6275
    2
  3083. Cheers @alandinsmore1186
    2
  3084. Yes, Japan having no immigration is a major difference with large impacts.
    2
  3085. 😍😍😍@michealmccoy9249
    2
  3086. Cheers @nomad9584!
    2
  3087. 😍😍😍@ewanjack8374
    2
  3088. Hey Jeffrey!
    2
  3089. Thanks for sharing @Aucadian
    2
  3090. How will the planes land?
    2
  3091. Surely we can keep kicking the can downt he road!Β @TonyMoran-jt2bjΒ 
    2
  3092. Thanks for sharing @TheFfabinhoo
    2
  3093. Thanks for all your insights Amgis!
    2
  3094.  @JohnZoetebier  😱😱😱
    2
  3095. That's absolutely ludicrous - but thanks for sharing!
    2
  3096. I love this quote
    2
  3097. Maybe, but any decrease is an improvement from here
    2
  3098. πŸ•πŸ•πŸ•
    2
  3099. Cheers @jennat3386 !
    2
  3100. Thanks for sharing @PhilInAustralia
    2
  3101. Thanks so much @leeann2226 😍😍😍
    2
  3102. You're right Ian. Australia has had a golden run with property and only ever seen some small dips in property prices. However, many countries have experienced a housing crash (e.g. USA/Japan/Ireland). So it will be interesting to see if house prices can maintain their extraudinary gains over the past 2 years, especially if interest rates are hiked aggressively.
    2
  3103. Spot on @kanelowrey5172 - especially when workers are being made homeless
    2
  3104. Thanks for sharing your thoughts Michelle?
    2
  3105. 😍😍😍@becsterbrisbane6275
    2
  3106. Very true - try not paying land tax ever again
    2
  3107. πŸ™β€οΈ @micled93
    2
  3108. I'm focusing on the housing market because it's one of the main factors affecting people's quality of life at the moment. I do hope the polititians will notice and overhaul policies so housing starts to become more affordable - thus providing more people the opportunity to own their own home.
    2
  3109. But the US stockmarket is at all time highs - blue sky ahead?
    2
  3110. Thanks for sharing @Bareego
    2
  3111. Thanks for engaging @carolyngartner6865. I wish you all the very best!
    2
  3112. Agreed @human8750
    2
  3113. 🀣🀣🀣@jric5097
    2
  3114. Thanks very much for sharing @theskeptic2798. I wish you all the best. πŸ™β€οΈ
    2
  3115. The government and RBA will do whatever the can to turn the music back on!
    2
  3116. It's worrying how far they've inflated the housing market
    2
  3117. Yep, they've let Housing get so Big that any failure will be Catastrophic. Thanks for sharing Darryn!
    2
  3118. Should we do it @ralphsimpson4593???
    2
  3119. Yes, our debt bubble can't function unless interest rates are kept low
    2
  3120. Thanks very much for commenting ITILII. In your opinion, is Fission or Fusion better for nuclear energy. In this article, Elon Musk says: β€œI really think it’s possible to make very, extremely safe nuclear. And I’m talking about fission. You don’t need fusion,” Musk said. However, I've seen other articles suggesting Fusion might be the way to go. https://www.cnbc.com/2021/07/22/elon-musk-its-possible-to-make-extremely-safe-nuclear-plants.html
    2
  3121. Wow, thanks so much for the in depth information Chaig Tin. I really appreciate it!
    2
  3122. It was actually very timely if you check out the charts after I published that video
    2
  3123. Is that why they call it CPLie??? Thanks for sharing!
    2
  3124. I'm not saying house prices will crash. It's extremely hard for house prices to decline when the government and RBA go all in on propping up the market. What's I'm saying is the current path we're going down will end in disaster (even if house prices go up indefinitely).
    2
  3125. Spot on Soma4u 2. And now with high inflation, central banks can't just cut rates super low to get the economy out of trouble.
    2
  3126. Agreed @fatgim - we should be able to vote on policies that affect our ability to obtain safe and secure shelter
    2
  3127. I'm not saying the housing market is going to crash - I'm saying if we keeping pumping the housing market, we're headed for a disaster whether house prices crash or not
    2
  3128. Thanks so much @InfinityIsland2203!
    2
  3129. "a country that is wealthy is a country that produces" - agreed. That's why incentivising investment into real estate distorts the market - as everyone will do that as the benefits are so good and the risk is so low. If this wasn't the case, I'm sure more people would innovate and create new businesses etc - thus making the overall country more productive.
    2
  3130. Thanks very much for sharing @metcruza5536. Even if people didn't get a special mortgage deal, they still don't get the challenges first home buyers face today.
    2
  3131. Cheers @RojerG-gc9hr
    2
  3132. Thanks so much @darkfieldcarnivore3928!
    2
  3133. I love the "Biblical implications" quote
    2
  3134. Hi @petercassimatis9157, thanks so much for sharing. It will definitely be interesting to see where interest rates end up. Personally, I believe they need to stay higher for longer - but I'm worried the RBA will cave and reduce too far.
    2
  3135. None that I can think of @matthewaston4893!
    2
  3136. Thanks Jeffrey!
    2
  3137. You're dead right. Housing is a Ponzi scheme in this country where nearly every policy benefits property owners and ignores everyone else.
    2
  3138. Yep, it's really quite staggering how we've managed to have the most expensive housing market in the world (behind Hong Kong)
    2
  3139. Insane, but sadly it can always get worse
    2
  3140. There's massive demand from investors. The only place investors are leaving is large numbers is Melbourne
    2
  3141. All the best @Hex-downunder
    2
  3142. Thanks for sharing @michaelwestacott7698
    2
  3143. Cheers @aravindanalaguraj5264
    2
  3144. Hi heyheykaykay1, thanks for watching the video. Although I can't advise you what to do, there are a lot of potential headwinds that could cause house prices to flatten right out and possibly fall over the next 12 - 24 months. One of the main factors will be rising interest rates. If interest rates are lifted agressively, house prices could fall a fair bit. So there is potential for conditions to be better for buyers if they wait. However, as with anything, nothing is gauranteed.
    2
  3145. πŸ™β€οΈ@Vicki_Aussie_Girl
    2
  3146. Thanks @Vlaid65!
    2
  3147. Thanks for the feedback Pooja. I'm going to make future videos which explain the process for beginners who want to start investing and trading in the stock market.
    2
  3148. πŸ™β€οΈ @WHERESDrManhattan
    2
  3149. 😍😍😍@lmtt4786
    2
  3150. Deal @peterhirst7315
    2
  3151. That's why the government won't ever willingly allow a housing crash in Australia
    2
  3152. Β @ronburgandy1475Β  Thanks for sharing
    2
  3153. Β @vincewant6325Β  Thanks for sharing
    2
  3154. Β @vincewant6325Β  Hey not sure but thanks for sharing
    2
  3155. Β @symesnΒ  Thanks for sharing
    2
  3156. πŸ™β€οΈ @BadgerBreath-rz1np
    2
  3157. 😍😍😍 @user-mw4go7ez9t
    2
  3158. All the best @syntropia_regenerator πŸ™β€οΈ
    2
  3159. Cheers @kombination6391
    2
  3160. Excellent points Andrew. Thanks for sharing!
    2
  3161. Money is becoming more and more worthless every day, which is why it's so much harder for young people to purchase a home
    2
  3162. Cheers Cind Ers!
    2
  3163. Thanks for sharing market trader. I agree at this stage I don't see Australia's housing market falling as sharply as New Zealand. But I also feel our housing market is a bit of a house of cards and really could crash under the right circumstances. We've kicked the can a long way with ultra cheap debt and very generous housing policies for property owners - but how long can house prices keep massively outperforming wages without something breaking?
    2
  3164. Thanks very much for sharing @4x4dan26.
    2
  3165. That's technically correct, but it resembles a ponzi as those who bought ultra cheap are profiting massively from those trying to buy in as it gets more and more expensive.
    2
  3166. Thanks so much for sharing @breaking-the-fiction-addic4185. I feel like many people are no unable to afford the suburbs where they grew up and that's really quite shocking
    2
  3167. Exactly, our internal policies already create masive demand for housing - we don't need to add to that demand.
    2
  3168. Australia's had a golden property run for 30 years now - which is different from most other countries who have had their bubbles inflated.
    2
  3169. Β @zzagriffΒ  The Australian Housing Market has been like John Wick - you just can't kill it
    2
  3170. Good explanation John. Thanks for sharing
    2
  3171. Thanks for the suggestion @cruzrv4399
    2
  3172. Stop incentivising property speculation
    2
  3173. Great point @user-xi8dw7rm7v
    2
  3174. As long as you hold an asset over 12 months (e.g. stocks or real estate), then you only pay tax on 50% of the capital gain
    2
  3175. Yeah, it was a classic!
    2
  3176. Thanks for the feedback @APOSTOLI66
    2
  3177. Thanks for sharing @MovieHeretic
    2
  3178. Β @MozzosΒ  It's crazy alright. it must be cashed up folks because buying capacity has reduced by around 30% since the COVID lows.
    2
  3179. GreenCar, thanks for engagingly! It's sure going to be interesting to see what happens.
    2
  3180. 😍 @theobradley5926
    2
  3181. Thanks eternalnature! 😍
    2
  3182. HeyΒ @nodocs74Β , I'm so hesitant to make predictions with full conviction because I have no control over policies which could drastically effect house prices. House prices were starting to fall in 2018-19 and the RBA dropped rates to near zero even though the economy wasn't in dire straits. After COVID when interest rates started rising sharply, the government open the floodgates on immigration. In the US, the stock market has rallied to all time highs just based on the assumption that interest rates are going to drop. So this is why I'm very careful as basically noone knows exactly what's going to happen. I think the gold price is going to go up but I always like to think of the opposite happening as that helps you consider all potentials. ​
    2
  3183. πŸ™β€οΈ @anthonyyoung9810
    2
  3184. 🀩🀩🀩
    2
  3185. Cheers @adrianskinner5676
    2
  3186. Spot on @TheHealthLifeπŸ’―
    2
  3187. Cheers @stevenrogers7294!
    2
  3188. Yes, it will be very interesting. The US stockmarket is booming while the Chinese stock market has been weak.
    2
  3189. For a very good time, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3190. 😍😍😍 @lisaharshegyi3580
    2
  3191. Thanks so much Thomas100c. All the best!
    2
  3192. Cheers @owenallen5828 πŸ™β€οΈ
    2
  3193. Thanks for sharing @youngw1ze
    2
  3194. 😍😍😍@ewanjack8374
    2
  3195. 😍😍😍@RojerG-gc9hr . If you get into politics in Australia, I think they make you sign an oath that you'll do everything in your power to keep property prices ultra high.
    2
  3196. The society is in big trouble
    2
  3197. πŸ™β€οΈ@williamcrossan9333
    2
  3198. Β @dsddala467Β  100%
    2
  3199. Of course - they're all in on the ponzi
    2
  3200. Thanks for the suggestion
    2
  3201. Thanks for sharing BILLY DEVITO. My reactions were not about political parties as a whole but just their statements about improving housing affordability. I don't know which party would be best but agree that housing laws and tax concessions must be reformed to reduce some of that speculative demand in the property market. Thanks for sharing!
    2
  3202. 😍😍😍@phoneticau
    2
  3203. πŸ’―
    2
  3204. Love it - I sometimes trim them because otherwise I'd look like John Howard
    2
  3205. πŸ“πŸ“πŸ“
    2
  3206. I don't think it's a bad thing. Housing affordability needs to improve in Australia and New Zealand as far as I'm concerned.
    2
  3207. πŸ™β€οΈ@Domsfun
    2
  3208. Maybe we need to ban foreign ownership?
    2
  3209. πŸ™β€οΈ@andrewviney5672
    2
  3210. Thanks for the comment millertas. I definitely don't blame the RBA solely for the housing crisis. I think they have done 2 things really badly: 1. Keeping interest rates far too low before COVID which increased demand for housing and getting bigger and bigger debts; 2. Keeps rates at zero during COVID for far too long even though it was obvious to the entire country that wild speculation had entered the housing market (which was fueled by the RBA forecast that they didn't think interest rates would need to rise until 2024). So on top of ultra cheap debt, Australia's housing policies are ultra generous to property owners so create massive demand. Shorten tried to fix some of these policies (like scrapping negative gearing) but was unsuccessful. Housing policy reform is vital to help restore some balance in the housing market IMO.
    2
  3211. Over over due IMO.
    2
  3212. Β @downundertruckerusa4733Β  Wow, thanks for sharing
    2
  3213. πŸ™β€οΈ@markpacker6951
    2
  3214. Those dopes know the government and RBA will do anything in their power to keep house prices strong - which is very sad IMO.
    2
  3215. That does happen a lot
    2
  3216. Yes, and it then raises those prices as wellΒ @aron.gortmanΒ 
    2
  3217. Now is much darker (housing wise) for many peopleΒ @maddyg3208Β 
    2
  3218. @Nocturnal, thanks for engaging. I don't know anything about the company but from a purely charting perspective, it would be good to see a base form and then a uptrend from that base on larger volume. All the best!
    2
  3219. Absolutely. Thanks for sharing Leonard!
    2
  3220. Thanks for engaging Karene Nicolosi. Yes, I've noticed some areas are seeing those sorts of declines. It will be very interesting to see if the those markets keep falling. All the best!
    2
  3221. I'm actually surprised there isn't more anger and protests against this unfair system. In countries like France and Italy, they often have massive protests against government policies they're not happy with.
    2
  3222. Winning!
    2
  3223. Thanks for sharing Iron Clay
    2
  3224. Rice, Curries & Veggies sound Delicious!
    2
  3225. Dead right @workpulkit - thanks for the correction!
    2
  3226. Thanks so much @workpulkit  😍
    2
  3227. "thats the trouble trying to drive the economy with real estate" - Spot on robert. Housing Policies have skewed the entire Australian economy towards property. Imagine the devastation to the economy if we actually saw a housing crash one day in Australia - and the SHOCK.
    2
  3228. It sure would be extremely risky, especially because inflation is still soaring so many interest rate hikes to come. Thanks for engaging James!
    2
  3229. 😍😍😍 @barbiechopshop9538
    2
  3230. Exactly @boodgy1818
    2
  3231. πŸ™β€οΈ@anthonymoloney3671
    2
  3232. You can't mention Australian house prices going down - that's against the Constitution
    2
  3233. Nah, I'm not big enough for that stuff. People only care about your views if you have a lot of followers.
    2
  3234. 😍😍😍@John-p7i5g
    2
  3235. It just means that if house prices go up people feel wealthier overall - and when you feel wealthier you might feel more comfortable to make more investments - but if house prices decline, you might start to go into protective mode.
    2
  3236. Cheers Vialynn πŸ™β€
    2
  3237. Food prices have gone insane over the past few years
    2
  3238. Cheers Roger!
    2
  3239. That's 100% the case @veiloflight. First home buyers have been royally screwed by recent policies that put a rocket under house prices (as well as longer term policies that have succeeding in destroying housing affordability).
    2
  3240. 🀣🀣🀣@KanesWeapon
    2
  3241. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
    2
  3242. Cheers, mate! πŸ™β€οΈ
    2
  3243. 😱😱😱
    2
  3244. 😍😍😍 @therooffairy5979
    2
  3245. Only a tiny percentage of them and I'm assuming it would mostly be the youngestΒ @carolyngartner6865Β 
    2
  3246. Agreed, but I know they'll try and kick the can down as far as they canΒ @Glimmer-t44Β 
    2
  3247. Yep, as I keep saying, the Australian Housing Market is the closest thing to a sure betΒ @Flamindaemon89Β . It shouldn't be - but sadly the government has proven it will prop up the market at all costs.
    2
  3248. 100%Β @fairhall001Β 
    2
  3249. They'll never allow that
    2
  3250. Yeah that would be the kicker
    2
  3251. 100% agree @user-tt5xj5ib1e!
    2
  3252. "trying to drive the economy with real estate" - you're dead right. Thanks Robert.
    2
  3253. Spot on @Cyphlix
    2
  3254. Thanks a lot @zacbarnett7783
    2
  3255. Agreed John Pettit. Our housing policies are designed to keep demand so strong that prices will always go up. However, after 40 years, they haven't just gone up, they've now become so expensive it would take a young person 10 years to save a deposit. Trouble is, that deposit won't be enough in 10 years. Let's make some reall changes to improve affordability. Thanks so much for engaging!
    2
  3256. Thanks for sharing @patrickmheich7706
    2
  3257. They definitely need to be looked into
    2
  3258. Depends if interest rates stay high IMO. Higher interest rates will prevent many investors buying more property.
    2
  3259. Thanks Big N. Do you think precious metals will take off over the coming years?
    2
  3260. That's why there's such an obsession
    2
  3261. Yep, Housing Affordability has been absolutely screwed in this country and governments keep ignoring it
    2
  3262. Spot onΒ @scottprice1943Β  !
    2
  3263. Pretty sad they're not willing to come up with any real solutions - not even trying IMO
    2
  3264. Then what @joelcowley3695?
    2
  3265. "The best thing is for interest rates to stay elevated" - agreed @aulzhoefer, that should take a lot of the speculative element out of the market.
    2
  3266. Cheers Fiona πŸ™β€οΈ
    2
  3267. Your situation is terrible @kcc879 and makes me upset that we (as a country) have allowed housing affordability to deteriorate so badly that hard workers like youself can get totally screwed over. Thanks so much for sharing and I wish you all the very best!
    2
  3268. It will be interesting, especially to see how high unemployment levels rise.
    2
  3269. Thanks for sharing @gregoryspeers3992 - both Australia and Canada seem to have totally screwed their housing markets
    2
  3270. Thanks for sharing your experience T B.
    2
  3271. Thanks for engaging Miriam.
    2
  3272. That would have a massive impact if it was done
    2
  3273. SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3274. Yep
    2
  3275. That's not true because over 90% of negative gearing claims are over existing properties - so they add no additional supply. So if investors don't buy these existing properties, then more renter households will pick them up. This means there are less rentals required so there is no change in supply.
    2
  3276. Cheers @mrdisklow!
    2
  3277. In many places in Australia, Canada and New Zealand they rose those amounts. In Australia, many of the regions and cities like Brisbane and Adelaide saw those gains.
    2
  3278. Thanks for sharing @amaknusa9212
    2
  3279. 😍😍😍@GuntherGlesti
    2
  3280. πŸ˜‚πŸ˜‚πŸ˜‚ love it @melissapreiss8401
    2
  3281. They're now predicting a massive increase in population extremely quick in both Canada and Australia. The only chance of real population declines will be if the entire world's population goes into freefall - which will definitely happen but maybe not for a while.
    2
  3282. Yes, but that was caused by massive stimulus, reducing debt to zero, and government interventionΒ @marcellberto2538Β 
    2
  3283. Thanks so much @MrSdmac61 πŸ™β€οΈ
    2
  3284. That's incorrect - nearly every young person would like to own their own home. It's harder now for a 2 income couple to afford a home today than it was in the 70s and 80s for a 1 income couple.
    2
  3285. Thanks so much @mrpolsco6872 πŸ™β€οΈ
    2
  3286. Β @aaronhogan2371Β  A lot???
    2
  3287. πŸ™β€οΈ@johnhislop2993
    2
  3288. Agreed M Kuc. Thanks for sharing!
    2
  3289. I know, considering any full time worker used to be able to easily afford a home 30-40 years, the housing market is now completely broken.
    2
  3290. πŸ™β€οΈ@vandiemanslandstacker987
    2
  3291. Absolutely @mohhingman.
    2
  3292. 😱😱😱@danielboon1601
    2
  3293. Will the government and RBA try to keep kicking the can down the road?
    2
  3294. Thanks @lowtec1969
    2
  3295. The vast majority of tax consessions claimed are against established properties so why would overhauling these policies reduce the number of rentals. If an investor doesn't buy a property, maybe a first home buyer could be that property so less rentals required.
    2
  3296. 😍😍😍@michellewilson1287
    2
  3297. Great news @mrmoneyhacks5480 - thanks for sharing
    2
  3298. This comment made my day! πŸ˜‚ I gotta put that combover to it's limit @ianmastin 😍😍😍
    2
  3299. 😍😍😍@ozyrob1
    2
  3300. Spot on Billy. Continuing to allow negative gearing which is mostly used by those on the highest tax brackets - is ridiculous when there are so many people who can't afford their own home.
    2
  3301. Β @johnoneill1011Β  No other countries continue to have negative gearing yet many of them have much better rental conditions than Australia
    2
  3302. πŸ™β€οΈ @arthurwatts1680
    2
  3303. Great insights Glenn. Thanks for sharing!
    2
  3304. "Throwing the poor and 30% renters under the bus for elections is quite a easy choice. They will keep pumping the realestate bubble so the majority 70% are happy." - so true @davec110
    2
  3305. I'll shout you one @presidentxijinpingspoxdoct9756!
    2
  3306. Cheers @jcismeπŸ™β€οΈ
    2
  3307. It can definitely decline - but there's just too much demand at the moment to think there will be a crash. Unemployment will be a big factor
    2
  3308. Cheers @SpoonFed-qm9ct !
    2
  3309. Surely people have had enough now???
    2
  3310. Β @samanthony2950Β  Nothing's stopping me. With shares, there's the risk a company can go bankrupt (which I've experienced). With property, you have the government and central bank who will prop up the housing market at the first sign of trouble (just look what happened during COVID). You can also borrow way more for property which mean the average 6-7% capital gain per year is magnified more than investment in other assets.
    2
  3311. Thanks so much @paulbogo790!
    2
  3312. Looking forward to seeing Gold do better in the 2nd half of 2022. Break above 2000 will be great when it happens!
    2
  3313. Exactly, when policies keep creating speculative demand for housing, you destroy a society - which is happening right now
    2
  3314. Building costs are through the roof
    2
  3315. Thanks so much Robert. All the best!
    2
  3316. They absolutely should but they won't
    2
  3317. Thanks for sharing ConstructionHoney. All the best!
    2
  3318. Love it @michaelwestacott7698!
    2
  3319. Thanks so much @JD-wx3pk πŸ™β€οΈ
    2
  3320. πŸ™β€οΈ @C165095
    2
  3321. Cheers @TheRosiebeam!
    2
  3322. I'm surprised people aren't trying to sue - their statements were extremely irresponsible and just poured fuel onto a ridiculously hot housing market
    2
  3323. Cheers @drez13
    2
  3324. Thanks very much for sharing your thoughts Big N. It will be very interesting to see if the party elected chooses to really tackle housing affordability or just continues to throw stimulus measure at first home buyers etc.
    2
  3325. Your prediction in intriguing @greenlamp9219. Thanks for sharing!
    2
  3326. Oh yeah - well considering Sydney is the 2nd least affordable city in the developed world (behind Hong Kong), it makes sense.
    2
  3327. Seems that way @74Spartan
    2
  3328. 😍😍😍@rayjames9835
    2
  3329. Thanks for sharing your insights @joelG1272!
    2
  3330. Immigration in both Australia and New Zealand has been supercharged lately so it will be very interesting to see what happens.
    2
  3331. Thanks for sharing @glennvanzanden8060
    2
  3332. Thanks so much @MJlibbyforlifeπŸ™β€οΈ
    2
  3333. Cheers BinCam59. Great to hear from you!
    2
  3334. I know - and I think it caused some controversy at the time!
    2
  3335. Intern of the year!Β @jesusisking8502Β 
    2
  3336. Thanks for sharing
    2
  3337. Wizard of Oz - I love it ❀❀❀
    2
  3338. 😍😍😍@fourgedmushrooms5958
    2
  3339. 😍😍😍@HookstergramTM
    2
  3340. 😍😍😍 @crappysnails8962
    2
  3341. Cheers @clintonzorro😍
    2
  3342. πŸ™β€οΈ @arthurmarcel2137
    2
  3343. πŸ™β€οΈ@davidstyles1654
    2
  3344. Yep, and the Australian media has been up in arms about the current rate.
    2
  3345. Sadly, that's the way it seems to be headed. Let's hope they don't send the country into civil unrest
    2
  3346. Jeffrey πŸ™β€οΈ
    2
  3347. I hear ya, but the way the government and RBA prop up the market - it feels like there will never be a sellers market
    2
  3348. Great thoughts AuAg goldbug. Thanks for engaging!
    2
  3349. That's why the government and RBA never will intentially let prices fall too much - because the know the entire enconomy would be at risk
    2
  3350. Sorry for the confusion benyameenyitzhak. Thanks for watching!
    2
  3351. πŸ™β€οΈ @SarahVannes
    2
  3352. Yes, but how far can they kick the can down the road?
    2
  3353. Thanks for sharing Robert. We seem to have a country divided with those who bought property years ago doing to easy but renters and those who bought property recently doing it ultra tough.
    2
  3354. Interesting insight @JoelReid
    2
  3355. Anything is possible - but boy would that be a massive shock to the housing market!
    2
  3356. That's a bit scary - thanks for sharingΒ @gio5408Β 
    2
  3357. Now that would really crash the housing marketΒ @RspecialistsΒ  !
    2
  3358. Cheers Rob
    2
  3359. That's not correct because over 90% of negative gearing claims are over existing property - so it hardly increases housing supply. If less property investors bought houses, more rental households would buy them so there would be less rentals required.
    2
  3360. 😱😱😱@mikerowe3849
    2
  3361. πŸ’―@samyfay7786
    2
  3362. Cheers @smajliiicka. Thanks for engaging and all the best!
    2
  3363. Interest rates did get ultra high in the past but house prices were only around 3x the average wage back then - which made a massive difference
    2
  3364. "There should be a referendum on immigration numbers,and should be transparent with policy when voting" - agreed @thylacine1004
    2
  3365. Cheers Roaming Alone!
    2
  3366. Thanks for sharing @trentmitchell5981
    2
  3367. 😍😍😍 @GodeCynningaz5386
    2
  3368. "Uno Reverse Card" - Love This!Β @joebloggs6131Β 
    2
  3369. Brian, great to hear from you and thanks for the feedback. Wherever I go in NZ, I'll just tell em Brian sent me πŸ˜‚. All the best!
    2
  3370. There's nothing wrong with investors using the system to their advantage. It's the system that's the problem
    2
  3371. We could reduce demand significantly by overhauling property tax concessions and reducing immigration levels
    2
  3372. Trouble is FOMO is now embedded into the minds of many Australians
    2
  3373. Thanks @dharnilmπŸ™β€οΈ
    2
  3374. 😍😍😍@johnwhitehouse5337
    2
  3375. 😍😍😍 @johnwhitehouse5337
    2
  3376. It will be very interesting to see the result on inflation from the different central banks approaches.
    2
  3377. The Australian housing market is so skewed towards property it's not funny. Thanks for sharing!
    2
  3378. Β @chiz1611Β  What are you seeing on a local level @chiz1611?
    2
  3379. Β @magiquemarkerΒ  That would be massive!
    2
  3380. Β @ebee-w2tΒ  Thanks for sharing. Are you able to give us some examples of how much it costs to build in NZ?
    2
  3381. 😱😱😱@user-lh5kn8tv4f
    2
  3382. 😍😍😍 @MargaretCampbell583
    2
  3383. Thanks for sharing @gordonramsay1501!
    2
  3384. Yeah, just covered the largest parties
    2
  3385. Thanks for watching @user-om5dh2ys1j . Yes I do believe we've had a housing bubble but the government and central bank keep pursuing policies designed to increase house prices (e.g. cheap debt, ultra generous house tax deductions for property owners, mass immigration). So sadly there's more chance they will keep trying to keep house prices ultra high because the entire economy is pretty much now dependent on it. However, I do see a tipping point with more and more people renting rising up and demanding change (or voting for parties that have their interests). How it all pans out is anyones guess but I truly hope affordability improves because the current trajectory is terrible for our future IMO.
    2
  3386. πŸ™β€οΈ @jetplane10
    2
  3387. Great insight @karlm9584 - thanks for sharing
    2
  3388. "you have a giant shit burger to chow down on" - love this visual!
    2
  3389. Absolutely
    2
  3390. It's the Australian way
    2
  3391. Great point @Arasaka
    2
  3392. Great thoughts Matt. Thanks so much for sharing!
    2
  3393. If you're a KIWI, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you live anywhere else, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw😍😍😍
    2
  3394. Spot on @tauatrader
    2
  3395. Thanks for sharing @ClovisPoint
    2
  3396. Excellent insights @provokedproblems!
    2
  3397. I've also heard that banks are cutting rates and allowing people under pressure to only pay interest onlyΒ @pandabearr90Β 
    2
  3398. I know, it's really interesting to try and pinpoint the reason why house price gains diverted so strongly away from wages growth. It was definitely in the 1990s. Could it be a mix of the credit boom combined with the generous housing deductions (i.e. negative gearing and capital gains tax discount)? It's definitely in our psyche as a nation now that houses are the most tax effective way to make money IMO.
    2
  3399. Hi Asia, the Gold price went down significantly when the stock market fell sharply last year. Now we're seeing the gold price diverge a bit from the broader stock market. As a result, gold could become the sought after asset if we see a global recession. And silver is gold's cousin and normally rises bigger percentages than gold. Hey thanks so much for sharing your thoughts!
    2
  3400. Thanks for sharing your thoughts. It's definitely hard to know where house prices will go but they've definitely gone crazy and these sorts of prices aren't great for the younger generation or those without a property. (in my opinion). It will be interesting to see what happens.
    2
  3401. I don't think it's just you
    2
  3402. πŸ’―!
    2
  3403. Thanks @nomad9584. I heard SA house prices have risen around 50% since COVID - thus making most of them unaffordable for first homebuyers?
    2
  3404. Β @matt79hzΒ  Cheers mate. I don't love my current set up as I'm out in the open so I'll keep trialling my options.
    2
  3405. Thanks for sharing @nigelmaund9057
    2
  3406. 😍😍😍@user-yk6rn9ms8w
    2
  3407. SUBSCRIBE SUBSCRIBE SUBSCRIBE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3408. Happy new year ClassyClassical and thanks for watching. I agree the market has definitely changed and is no longer a sellers market. However, will it fully bust and return back to pre-COVID levels? I think that will depend largely on how high interest rates end up and for how long. Either way, I expect volatility ahead!
    2
  3409. Yeah, but the government and RBA will do everything in their power to prevent even a significant decline in house prices. That's why everyone believes house prices go up forever.
    2
  3410. Cheers!πŸ™β€οΈ
    2
  3411. πŸ™β€οΈ@blockchainbiz1
    2
  3412. Absolutely - identical twins regarding housing
    2
  3413. But won't the government just keep propping up the market like they have for the past 25 years?
    2
  3414. So what will happen to house prices?
    2
  3415. Hi @williamcrossan9333, Demographia International Housing Affordability uses the β€œmedian multiple” to rate middle-income housing affordability. The median multiple is a price-to-income ratio of the median house price divided by the gross median household income
    2
  3416. "People wont be selling unless they have to" - absolutely. Some will see what their new rate will go up to and know they won't be able to afford it. Just depends if they try and ride it out and hope for lower interest rates in the near future (maybe borrowing money and stuff like that). It won't be easy for people with large mortgages.
    2
  3417. Maybe, but my video was pretty balanced and mentioned the huge demand that was still in the market.
    2
  3418. Thanks for sharing @josephluscavage8162
    2
  3419. Getting smaller every day
    2
  3420. πŸ™β€οΈ
    2
  3421. Cheers Daniel!
    2
  3422. G'day Hugh Jass420. Hope you're well.
    2
  3423. Yes, this seems to be the unfortunate outcome
    2
  3424. Cheers @justinfeatherby5421
    2
  3425. Unless it is forced to
    2
  3426. Thanks @stevoschannel
    2
  3427. Thanks for the feedback @APOSTOLI66!
    2
  3428. Great point Ralph
    2
  3429. Thanks for the suggestion @marciocarioka
    2
  3430. πŸ™β€οΈ@Jaimie-jk1hf
    2
  3431. Agreed Sabra Project - we definitely do need to focus on increasing supply while populations are growing in most areas. However, i still think ultra low interest rates were the main cause for the extreme house price rises (along with wild speculation and FOMO), as most people simply wouldn't have been able to offer the large prices that have been paid if interest rates were 3% or more higher.
    2
  3432. Β @reggrunow1460Β  I'd be more than happy to talk about improving housing affordability
    2
  3433. Dead rightΒ @lr5954Β 
    2
  3434. I really appreciate that!
    2
  3435. Imagine a housing market being more speculative than bitcoin.
    2
  3436. Hi, Even though Tesla has spiked recently, it still looks like it's in a downtrend. I'll try and post the chart
    2
  3437. I desparately would like to see housing affordability improve but I have no control over the policies that create additional demand for housing. The housing Minister recently admitted government policies are designed to ensure house prices always rise.
    2
  3438. πŸ™β€οΈ
    2
  3439. Thanks for sharing about Canada
    2
  3440. That's not racist in the least. I welcome all races and hope they'll engage in the conversation. THere's many countries that allow no foreign ownership of property. There's also many countries that don't allow any immigration. We should be able to discuss immigration policies because they've drastically changed over the past couple of years and Australians should have a voice in those policiesΒ @Franky-f4oΒ 
    2
  3441. SO crazy but accurate @dynamic283
    2
  3442. Yeah, it's not right to allow house prices to get so expensive that hard working Australians can't afford their own home.
    2
  3443. Cheers @mrpolsco6872
    2
  3444. Yep, I was watching this guy do comparisons between houses in Canada which you could spend the same money and buy a mansion in Europe. It's truly incredible how cooked the Australian, Canadian and New Zealand housing markets are.
    2
  3445. I can see this comment
    2
  3446. 😍😍😍@chrisgeorgallis7746
    2
  3447. I really appreciate that @benjassman πŸ™β€οΈ
    2
  3448. It will sure be interesting to see what happens!
    2
  3449. They better not turn us into biscuits!
    2
  3450. Thanks so much @thekagifret!
    2
  3451. Yep, it's staggering how much housing affordability has deteriorated in such a short period of time
    2
  3452. It could be - will be very interesting to see how it pans out
    2
  3453. Dead right @Spacemonkeymojo. Prices were insane before the artificially inflated COVID boom - now they're just ridiculous
    2
  3454. "The resolution is simple to slow the population growth to 200k whilst building 300k homes (a target that is possible) putting the housing market back in to buyers market territory." - spot on @Schoolstuffs2011!
    2
  3455. Thanks so much @controlyourself.923!
    2
  3456. Setting up for a massive rug pull?
    2
  3457. Cheers @jcisme - and thanks for the feedback about the pop filter - I'll try and get one.
    2
  3458. Thanks so much for watching @davidwhelan4803!
    2
  3459. 😍😍😍@Cegginz
    2
  3460. Thanks for sharing your thoughts aurelio. All the best!
    2
  3461. Β @bign1667Β Thanks for those interesting thoughts regarding the Olympics.
    2
  3462. πŸ™β€οΈ@mjsligar7686
    2
  3463. Cheers Farhad. All the best!
    2
  3464. Agreed
    2
  3465. Yeah, it's going to be really interesting to see how high interest raes end up.
    2
  3466. 😍😍😍@Dave-gg6vl
    2
  3467. Wow, excellent well thought out strategy ralph. Thanks so much for sharing!
    2
  3468. It certainly doesn't seem to be headed in a good direction
    2
  3469. 😱😱😱
    2
  3470. I've got no problem with immigration, but it shouldn't be at record levels when many local rentals are suffering through crisis conditions. Thanks for sharing!
    2
  3471. Yes, but how far will they fall?
    2
  3472. Thanks very much for sharing @stephen3966
    2
  3473. Thanks for sharing @brentmathie7345
    2
  3474. Thanks very much for sharing @aNf0m0f0
    2
  3475. @TheRosiebeam 😊😊😊
    2
  3476. Yes you might be right @Giovanni6067 - thanks for sharing
    2
  3477. Thanks for sharing Gazza
    2
  3478. Absolutely, non homeowners should have a decent opportunity to buy their own homes - but shcokingly that's being taken away from them.
    2
  3479. 😍😍😍😍😍@prancer4743
    2
  3480. Thanks for sharing
    2
  3481. πŸ™β€οΈ@betkay1018
    2
  3482. 😍😍😍@soma4u289
    2
  3483. Trouble is, everyone buys where it is cheaper and then nothing is cheaper anymore.
    2
  3484. I tend to agree as Australian Housing has become a speculative cesspool - but I still hope we take some steps in the right direction.
    2
  3485. If house prices grew slower, that would be a massive positive IMO
    2
  3486. Spot on
    2
  3487. Thanks @julietnelson551!
    2
  3488. 😍😍😍@WarCommissar1
    2
  3489. πŸ’―@jubbafrubby4561 - because if you don't fix it, you're screwing over millions of others
    2
  3490. Thanks so much @michaelm4970!
    2
  3491. Thanks for sharing @addictiveaussie. Melbourne house prices are also very interesting because they've risen way less than most other cities.
    2
  3492. 😊😊😊
    2
  3493. I agree that cheap interest has played a big part. However, negative gearing should be scrapped for all existing properties because there's a limited number of them and first home buyers shouldn't have to compete with investors getting a generous tax concession IMO.
    2
  3494. Thanks for sharing @jesseheise7579! We've also had a lucky run with housing with no real crashes ever
    2
  3495. It's bloody weak
    2
  3496. Yeah, foreign owners love buying property in Australia and Canada
    2
  3497. Cheers mate πŸ‘
    2
  3498. If prices keep rising way faster than wages, it will result in many hard workers being pushed towards poverty - which is extremely sad IMO.
    2
  3499. 😍😍😍@michellebrown893
    2
  3500. I know right.
    2
  3501. Anything is possible, but things are looking more and more like Gold could breakout to new highs over the coming months, and Silver should follow IMO.
    2
  3502. Thanks so much @championproductπŸ™β€οΈ
    2
  3503. Cheers @zarkoristov5585
    2
  3504. Cheers DJ Kramer D. Yep, they fudge the figures to suit themselves.
    2
  3505. Cheers Margy!
    2
  3506. Building costs are ridiculous at the moment
    2
  3507. You're right @JD-wx3pk, if we push people towards poverty and create a great divide between the rich and poor, it creates desperation and resentment which leads to civil unrest. Thanks for sharing
    2
  3508. Thanks for sharing Turbo Turtle!
    2
  3509. Thanks very much for sharing @caravanlifenz
    2
  3510. Rich get richer?
    2
  3511. Thanks for engaging Mac Sixtyfive. All the best!
    2
  3512. Thanks so much @sarahj344!
    2
  3513. Giddyup?
    2
  3514. Thanks for sharing @adiintel1
    2
  3515. Thanks very much for sharing @samsungtap4183
    2
  3516. Absolutely not. No Kahunas anywhere to be seenπŸ˜‚πŸ˜‚πŸ˜‚
    2
  3517. Yep, negative equity would be catastrophic and something we've not really experienced in Australia.
    2
  3518. I would say the current housing crisis has been caused by the policies of the governement and RBA for the past 30 years. However, having record immigration levels now won't help IMO.
    2
  3519. Wouldn't that be something @robertsmith-lv4fm
    2
  3520. 😍😍😍@Theaceofspace255
    2
  3521. Cheers wasabinator!
    2
  3522. "Australia has now Two Class,s being an Investor Class doing fine and the working poor who never get ahead" - dead right @trevormaurer3684. What happened to a country of opportunity?
    2
  3523. Property should also have an element of risk, but for the last 30 years it's been the closest thing to a sure bet - which is totally wrong.
    2
  3524. Sit and watch the volatility ahead?
    2
  3525. All the best with your tree change @phoneticau!
    2
  3526. That's such a rubbish situation @alaricgoldkuhl155 - thanks for sharing and I wish you all the very best πŸ™β€οΈ
    2
  3527. Thanks for your support James! πŸ™β€οΈ
    2
  3528. Are they on the right track? Is their panick warranted?
    2
  3529. "Our capital cities have 10,000s of multi-millionaires that did nothing for society to earn their money. Entire suburbs of people who 'made money' by doing nothing but buying and holding property." - Spot on @LibertyDownUnder. At least if they took on significant risk, ridiculous profit could be justified. Trouble is, house prices are so supported by government and central bank policy, it's been the closest thing to a sure bet IMO.
    2
  3530. Gotta reinforce the message
    2
  3531. Cheers @ThatBigDonπŸ™β€οΈ
    2
  3532. Wow, thanks for sharing @jasonaris5316
    2
  3533. Thanks so much @erimart63. All the best! πŸ™β€οΈ
    2
  3534. Wow, thanks so much @nigelmaund9057πŸ™β€οΈ
    2
  3535. Thanks so much @ezkempinkemp3467
    2
  3536. I think all the policies that create speculative demand for property have created this mess.
    2
  3537. Hi, currently renting but looking at building a home
    2
  3538. Yep, mass immigration levels is making the housing crisis even worse.
    2
  3539. Great to hear from you waffle_burger. Aussie goldies have been decimated the past few weeks. It's certainly not for the faint hearted but somehow I'm very attracted to the sector. The entire stock market looks extremely bearish and may very well continue lower for some time. I'm waiting for Gold to surge but just don't know when it will happen. When we had the COVID crash, gold originally crashed then rocketed higher. I'm wondering if a similar thing will also happen this time. I agree with your strategy to dollar cost average down - I just need more cash. All the best and I hope to continue hearing from you!
    2
  3540. Excellent thoughts, cheers!
    2
  3541. I really hope to never see that much rampant speculation again in my life
    2
  3542. 😍@presidentxijinpingspoxdoct9756
    2
  3543. Yep, like what's been happening in Japan with population and now their housing is very cheap compared
    2
  3544. Β @FuzzinutzΒ  What a great stock NST has been! I tend to like West African Goldies like PRU and WAF.
    2
  3545. Yep, Canada is now in trouble and this could very quickly spread to similar policied countries like Australia
    2
  3546. Hey @davidbray2500. That's a shocking situation but it totally worse because the government artificially inflated house prices with ridiculous policies. The only thing I disagree with is that you "have not hope". I believe in you buddy!
    2
  3547. They've gone birko on immigration and it will negatively affect many Australians
    2
  3548. 😍😍😍@joekeegan-yc4nm
    2
  3549. So let's ban foreign ownership!
    2
  3550. 🀣🀣🀣 @philmelb1022 
    2
  3551. "Australia good for 2 things pouring coffee and flipping shit box houses" - This is bloody awesome!
    2
  3552. Cheers @nichapatuk5018
    2
  3553. Thanks for sharing @richarddobson4marrickville
    2
  3554. "... its going to get worse and the major parties would ne aware of this and simply do not care about the very people they are supposed to be looking after" - it definitely would seem that way @sdjuxu
    2
  3555. Β @jack_tooheyΒ  Hey Jack, thanks for commenting - Awesome TikTok video and I'm so glad it went viral. Thanks for shining a light on the reality of housing affordability deterioration in Australia!
    2
  3556. Thanks so much for the support @Emily-us4gq 😍😍😍
    2
  3557. So because the majority of Australians don't own property, does that mean we should keep trying to pump it up so it becomes further and further out of reach for young people and future generations? If so, we'll end up with societal upheaval and that will be bad for everyone - including property owners
    2
  3558. Thanks for sharing @R_Alexander029!
    2
  3559. 😍😍😍 @GoldCoastExplorer
    2
  3560. Cheers @blockchainbiz1
    2
  3561. Great pointΒ @simonc6328Β  . We need a Flux Capacitor
    2
  3562. Do you have to be a renter to fight for Australians who are getting screwed by an unfair system?
    2
  3563. It will be very interest to see when rates get cut, but that doesn't automatically mean a new boom straight away. Prices can still go down while rate go down.
    2
  3564. I like it!
    2
  3565. Thanks for sharing @dougiep2769!
    2
  3566. Thanks so much for sharing @dougpatterson7494. Can I ask which Canadian city you're from?
    2
  3567. Cheers @dougpatterson7494!
    2
  3568. Thanks for the feedback @thatDamnAusWhoFan
    2
  3569. Cheers @LiberatedMind1!
    2
  3570. Housing Affordability Is currently the worst it’s ever been, and newly released data reveals just how bad this Crisis has become. In many countries, house prices are greater than 10x the average household income. This means that even middle-income earners are struggling just to afford a home. If housing affordability continues to deteriorate at these levels, we could see a massive section of our community never able to realise home ownership, and this is a disaster IMO. https://youtu.be/9vcXdnjbMRs
    2
  3571. When's Gold going to Boom???
    2
  3572. Wow, stoked to get that feedback Lord Bucket Head. All the best!
    2
  3573. Noooooooooo
    2
  3574. "increase about 40% during the past 12 months" - wow, that's incredible. Thanks for sharing Amgis
    2
  3575. Thanks so much for sharing Kym S.
    2
  3576. Great feedback Alex M. I'll definitely focus on improving that. Cheers!
    2
  3577. Yeah, that often happens because if the keywords
    2
  3578. Thanks for sharing @amaknusa9212
    2
  3579. Agreed Francis Foley. I think the expense of building a nuclear power plant is a barrier, but once built it's cheap to run. However, there's a lot of technological advancements occuring which could improve the economics. I'm keeping a close eye on the price of Uranium and Uranium Stocks.
    2
  3580. I think the main reason is because the ultra expensive houses would skew the average upwards too much.
    2
  3581. I'd love to hear some insights about the Canadian market CASAWI.
    2
  3582. Thanks so much for engaging Elly. The entire Australian economy is tied to housing so it will be interesting to see if the RBA actually starts raising rate.
    2
  3583. Cheers @toolbox0001 πŸ™β€οΈ
    2
  3584. Great thoughts Big N. 20% drop is massive if that eventuates.
    2
  3585. Cheers @joelstaceytv
    2
  3586. Thanks for sharing
    2
  3587. It's so shocking as young people and renters are continuously being pushed out further and further
    2
  3588. Thanks for sharing Ronald
    2
  3589. Agreed!
    2
  3590. Don't lose hope - I'm trying to highlight these issues so hopefully there's more pressure on policy makers to improve things
    2
  3591. Housing is the big one holding up the global economy. Will it be able to hold up???
    2
  3592. It's crazy the obsession with property prices in this country
    2
  3593. Cheers @powertrip1050
    2
  3594. πŸ™β€οΈ @blackstarboys4719
    2
  3595. Thanks so much @tomr5389! πŸ™β€οΈ
    2
  3596. Hey @msrcoldrooms8754, I mostly just follow the prices of the major cryptos but don't research them too much. It will be interesting to see what happens if currencies start to collapse. I'm pretty sure that those in control will want us all on the same digital currency so how will that play out with crypto - I don't know but it will be very interesting.
    2
  3597. Cheers Laky!
    2
  3598. Agreed @philiptrevor6051, the point of I'm trying to make is that saving and being frugal was a brilliant strategy in the past - however today it's not so good because you need more than just saving 5 or 10K to have a realistic chance of getting into the housing market. I'm hoping all Australians get together to demand improvements in housing affordability πŸ™β€οΈ
    2
  3599. "The government lost control of their immigration policy" suggests they're simply incompetent, if this was the case they would have stopped it last year when the early alarms started sounding off... But no, not only have they not backed off in the face of their failed policies, they have doubled down and gone in HARDER with Jan 2024 alone seeing a recorder shattering 600k and early reports for Feb showing 700k+... This clearly shows its deliberate, we can speculate on their motives, but it's undeniable at this point..." Agreed @UberMick - thanks for sharing!
    2
  3600. or not happy
    2
  3601. Thanks πŸ™β€οΈ @chris10hi
    2
  3602. Nothing in Australia - because the government would pull out all stops to prop things up
    2
  3603. Thanks so much @Great-Southern-Land!πŸ™β€οΈ
    2
  3604. Cheers stevennakhla. Do you think Gold will break above US 2000?
    2
  3605. Silver getting smashed currently along with gold and other commodities. However, in the long run I think Silver will outperform almost everything. It has commercial use as well as being a precious metal - best of both worlds!
    2
  3606. Thanks for sharing your thoughts!
    2
  3607. That has been the way - but it can definitely change like what we've seen in Victoria with landlords not doing well compared to the rest of the country.
    2
  3608. Yes, that seems to be the Australian way
    2
  3609. New Zealand's central bank has been so much more aggressive than Australia. I'd be so interested to see what would happen in Australia if the RBA was that aggressive. Thanks for sharing Football Dream!
    2
  3610. Cheers Fiona!
    2
  3611. πŸ™β€οΈ@rayjames9835
    2
  3612. Thanks for sharing @donavonlarney8155. You could be onto something
    2
  3613. Cheers Russell!
    2
  3614. Yeah I know, I'm trying to set up the small space I record in. I haven't got it right yet. thanks for the feedback
    2
  3615. Absolutely spot on They call me Bruce. Keeping interest rates so low when there was no need was a ridiculous decision IMO.
    2
  3616. 😍😍😍@michaelougarezos8963
    2
  3617. Needs to happen however
    2
  3618. And that's a travesty IMO@DavidHarrisonDGH
    2
  3619. Agreed COMA, severe pain there will be!
    2
  3620. Thanks very much for sharing @ScottBanks-mv9ic. All the best mate πŸ™β€οΈ
    2
  3621. Agreed DOCVEVS, but does Australia have the Kahunas to raise next month?
    2
  3622. My friend says Bitcoin is a parallel financial system. Do you agree with that assessment?
    2
  3623. Thanks for the request @aegisthunder7398. What's your sense of what's going on in the UK at the moment?
    2
  3624. So why don't we ban foreign ownership?
    2
  3625. Trouble is, noone gets too burnt with Australian property so there's no caution. When countries experience a real crash, people remember that and are more cautious
    2
  3626. Goldies getting smashed Ralph.
    2
  3627. Cheers @simonc6328 !
    2
  3628. Thanks for sharing @TheSilmarillian
    2
  3629. Dead right Daryl
    2
  3630. It's 66%
    2
  3631. Thanks for sharing @zx6angel978
    2
  3632. Even if we had less demand for each property would be very welcome
    2
  3633. Agreed @marcellberto2538, especially when renters are being made homeless.
    2
  3634. Thanks so much @DJ99777 πŸ™β€οΈ
    2
  3635. Wow, thanks for sharing your insights which such amazing flair - "The average Aussie hasn't got a chance with such extreme gubernatorial avarice." - love it!
    2
  3636. In general, I'd like less taxes. However, there needs to be policies in place that prevent housing becoming too speculative IMO. Many European countries have done this reasonably successfully
    2
  3637. Cheers @dartharpy9404!
    2
  3638. Absolutely
    2
  3639. Thanks very much @mikebuckley46!
    2
  3640. Thanks so much @duanesbuhler7696 πŸ™β€οΈ
    2
  3641. Agreed, but the government props up the housing market with over-genererous housing policies that add massive speculative demand. It's way past time these policies are overhauled IMO.
    2
  3642. Thanks for your insights @billyhopkins10!
    2
  3643. 😍
    2
  3644. Nah, grandparents were Greek
    2
  3645. Thanks for the feedback LifeOn Wheels!
    2
  3646. Thanks for sharing @user-om5dh2ys1j
    2
  3647. Hopes it goes well for you @Paranormal-StupidityπŸ™β€οΈ
    2
  3648. "The wealth divide is going to create dramatic social problems for the next generation" - πŸ’―!
    2
  3649. Β @jaredoliver9347Β  πŸ™β€
    2
  3650. Thanks for sharing @woodliceworm4565
    2
  3651. 😍😍😍@greatglidesby3322
    2
  3652. Who's jealous and crying? It's obvious you didn't watch the video because I go through the immigration difference between NZ and Australia
    2
  3653. We don't bash boomers @KC_Finance - we just point out the differences, especially when it comes to housing.
    2
  3654. Agreed @williamcrossan9333
    2
  3655. Thanks so much @billybloggs3214 πŸ™β€οΈ
    2
  3656. The speculative froth is finally starting to exit the housing market in many places. As a result, we could see 5-10% falls. Add in aggressive interest rate rises, and house prices could fall significantly or even crash. https://youtu.be/GToEspE12D0
    2
  3657. "In Japan some pensioners commit crimes just to get arrested so they get sent to Jail, and have food and a roof over their heads" - yep, low security prison would be preferable than living on the streets IMO
    2
  3658. Hopefully by highlighting the issue things can improve for all Australians. No matter what the housing market does, I believe you're got a great future ahead of you!
    2
  3659. Hi Chaig Tin, Thorium looks very exciting in my opinion. It might even do better than Uranium (in price percentage terms) because it is mostly unfollowed and coming from a low level. Thanks so much for sharing your thoughts. All the best!
    2
  3660. Even living close to the oceans we still have stacks more land than nearly every country - and nearly all of them are more affordable than Australia
    2
  3661. "policies that artificially inflate the market which is the opposite of a free market." - absolutely!
    2
  3662. I get the point but if you listen to my videos I never really make forecasts and just describe what could happen in certain scenarios. Regarding a housing crash, I've been saying lately that I feel we would need surging unemployment for that to happen.
    2
  3663. Thanks so much @eddieashley1553πŸ™β€οΈ
    2
  3664. Cheers @eternalnature1413. Things are definitely heating up.
    2
  3665. I love Guido!
    2
  3666. That's shocking. Another thing that's shocking is all the empty properties out there that could be rented out. These should be taxed like they do in Canada. Basically, the government isn't willing to make strong decisions to improve housing affordability.
    2
  3667. Thanks for your support @lowtec1969 πŸ™β€οΈ
    2
  3668. Love it
    2
  3669. Yeah, it's hard to know exactly how far they will fall, because there's so much going on in the global economy at the moment. Also, there's a massive rental crisis which is going to be hard for countries to solve considering house prices have risen so much.
    2
  3670. Β @senseiseagal1983Β  I can only pin one comment which is usually a question I pose
    2
  3671. Dead right Clluthu. The government seems grateful that the RBA is now copping the flack and not them!
    2
  3672. Thanks for sharing
    2
  3673. Yeah, it will be very interesting if the current rate rises don't property curb inflation. If you're right, there could be significant declines in house prices ahead. Thanks for sharing.
    2
  3674. Yes, there's major differences between the countries and the economies - but they both shared similar housing market speculative demand which pushed prises through the roof - to become some of the most expensive in the developed world (compared to average incomes)
    2
  3675. Win win @realaussiemale567, thanks for sharing!
    2
  3676. 😱😱😱@mikerowe3849
    2
  3677. Thanks to you Thomas!!!
    2
  3678. It would be good to see wages rise faster than house prices for a few years to improve affordability.
    2
  3679. Thanks for sharing @colinp1233. It will be interesting to see if things start to slow down from here
    2
  3680. Sure seems that way
    2
  3681. "Inflation rose because of government spending." - Absolutely Hunty49. The trouble is, the government has been running an ultra loose monetary policy for many years and that inflates assets prices through cheap debt. The trouble is, this is unsustainable in the long run and could end in collapse.
    2
  3682. Yes, I also feel every lever will be pulled to support the market. It's only when there's no more levers to pull that we might see real improvement
    2
  3683. It would surely be hard to find a positively geared property in today's market wouldn't it @adamsmith85 ?
    2
  3684. Thanks for sharing @wildflower7574!
    2
  3685. The current housing trend is unsustainable in my opinion and will end in disaster if things don't change. Thanks for sharing!
    2
  3686. Β @raceaceΒ  Brilliantly said!!!
    2
  3687. Spot on @Jack14432. If we can remove the speculative demand, things will start improving
    2
  3688. Josh Marks, you're right about Australia dodging a lot of economic difficulties. The exponential debt does feel like a house of cards but I don't know when it will fall because governments always intervene when there's any signs of trouble these days. However, how far can you kick the can up the road?
    2
  3689. "Something needs to change and it is going to take a lot of courage." - Agreed @imhosydne. Thanks for sharing
    2
  3690. Hey waffle_burger, TIE looking good. I picked some up and they've risen a bit even though the gold sector is being smashed.
    2
  3691. So wrong it's not even funny!
    2
  3692. Yes, there's definitely issues in the global economic would could create massive volatility ahead.
    2
  3693. Cheers @thekagifret!
    2
  3694. Β @TheSimArchitectΒ  Thanks for sharing
    2
  3695. You're right @lizmonard. When global population starts reducing, there will be many empty properties worldwide
    2
  3696. What's things like on the ground in NZ @MrMarcol29?
    2
  3697. Absolutely - but we've turned the house market into a speculative commodity designed to acrue wealth
    2
  3698. Cheers @stephenkereopa7495πŸ™β€οΈ
    2
  3699. I never said Australian housing will crash - but I have pointed out scenarios where they could crash if certain things occurred. That being said, I believe they need to correct so housing affordability will improve. I just hope there's an overhaul on housing policies to encourage that to happen.
    2
  3700. Still huge amounts of spending going on
    2
  3701. Sydney's house price growth seems to have stalled but prices there are so ridiculous it makes no difference. I'd like to see prices come under pressure all over Australia for an extended period of time.
    2
  3702. Thanks so much for watching and thanks for the feedbackΒ @normalisoverratedΒ . I'll work on my vocals
    2
  3703. Thanks for the feedback.
    2
  3704. Thanks so much @acecollo2022πŸ™β€οΈ
    2
  3705. Thanks for the suggestion!
    2
  3706. Next time @ewanjack8374😍😍😍
    2
  3707. Brilliantly said
    2
  3708. πŸ™β€οΈ @Seanype
    2
  3709. Come Again?🀣🀣🀣
    2
  3710. The housing market is currently doom for millions of renters who are one eviction away from being out on the streets.
    2
  3711. @dutchyholland Agreed, but when will this happen and will the government and RBA keep propping things up???
    2
  3712. AgreedΒ @vibradentalΒ 
    2
  3713. 😍😍😍 @ntino21
    2
  3714. It's sad how much winning at the ballot plays into policies
    2
  3715. I just looked him up and some his books etc. Thanks for the share.
    2
  3716. It will definitely reduce a lot of the speculative demand in the market
    2
  3717. I'm sure a lot of people would if they could secure affordable housing.
    2
  3718. Cheers @Glider324 !
    2
  3719. Me too
    2
  3720. Thanks for the feedback @chickenhaw. I sort of video them on the fly and often don't like what I say. I'm trying to improve however
    2
  3721. 😍😍😍 @nickk5009
    2
  3722. Β @TheLolz1988Β  There's much worse things you could be addicted to!
    2
  3723. I'll take all the help I can get!
    2
  3724. Cheers Tammy. I agree!
    2
  3725. 😒😒😒 @Aserox
    2
  3726. 😍😍😍 @istp1967
    2
  3727. Thanks for the feedback
    2
  3728. 😍😍😍 @ewanjack8374
    2
  3729. So very true Soma4u 2. Brilliantly said!πŸ‘
    2
  3730. 😍😍😍@ThePhase-l2n
    2
  3731. I appreciate you Greg!
    2
  3732. If you think the latest strength in the housing market is just a dead cat bounce, subscribe to my channel here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. if you think nothing can keep Australian house prices from rising, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3733. You're right about construction - it's gone up about 50% since the start of the pandemic
    2
  3734. Because the only other option is to rent which has become a nightmare
    2
  3735. Thanks so much for sharing David. I can understand why property owners always want their properties to go up in price. However, I've seen both sides and I don't think it's great for society if there's a massive wealth gap that keeps getting bigger.
    2
  3736. Really appreciate that RM-hu1bx!
    2
  3737. Cheers @rc2276 !
    2
  3738. 😍😍😍@bobboberson2571
    2
  3739. It really is @human8750. Even if you own property, I think most Australians realise that housing affordability has gotten ridiculous.
    2
  3740. 😍😍😍@gothkidd8712
    2
  3741. Cheers Gordon. All the best!
    2
  3742. Thanks for sharing @mickyLat3652. It will be interesting to see what happens
    2
  3743. "I wonder if the rates will ease when prices come back to some sort of normality?" - Snowflakes chance in hell???
    2
  3744. Very sad reality for some. Thanks david!
    2
  3745. Yep, artificial growth via huge immigration but many individuals are going backwards
    2
  3746. You'd think so - but nothing seems to be able to kill the Australian Housing Market - it's now in the category of too big to fall and the government and RBA will pull every lever at their disposal
    2
  3747. Thanks @thomas100c!
    2
  3748. @GENDUT PETUALANG Greetings! Great to hear from you and look forward to seeing Gold soar.
    2
  3749. Β @MrBill2UΒ  THanks so much for sub. Yeah, gold stocks are very interesting at the moment - especially as we may be on the cusp of a multi year bull run. All the best!
    2
  3750. You're right. My data was out of date. Thanks for sharing!
    2
  3751. Great insight J J. The Australian Federal Reserve should never have promised to leave interest rates unchanged until 2024. Now there could be many people stuck as it looks like interest rates will need to rise to combat surging inflation.
    2
  3752. Yep, the value of our dollar has been absolutely decimated
    2
  3753. Thanks so much for sharing da pacman. All the best!
    2
  3754. So good to meet you stevennakhla. I love the suggestion and will add it to my video pipeline. All the best!
    2
  3755. If you own a pet, Subscribe Here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw. If you don't own any pets, Subscribe Here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3756. This road is bloody long
    2
  3757. And thus constantly reduce the value of every dollar you earn.
    2
  3758. Thanks so much for sharing @white364. I'd love to hear your observations of the European housing markets over the coming months!
    2
  3759. Hold on tight @vaspats
    2
  3760. Thanks for sharing @JoshWashington!
    2
  3761. Really?
    2
  3762. You tooΒ @ToggymokΒ  πŸ™β€
    2
  3763. Thanks for sharing @Ekka007
    2
  3764. 😍😍😍@montipaule5264
    2
  3765. It's going to be interesting - thanks for sharing
    2
  3766. Thanks so much for sharing Hunty49. The next few years will be very interesting to say the least.
    2
  3767. Thanks very much @KaiserMoC
    2
  3768. Great point @itsonlyafl3shwound
    2
  3769. That's the nicest thing anyone's ever said @Skullhunter30😍😍😍
    2
  3770. Someting seems a bit fishy about it all.
    2
  3771. Hi @moz7173, There seems to be a growing swell of anger in many countries as governments have implemented policies against their collective wishes.
    2
  3772. Excellent insights @amgis5218!
    2
  3773. But we they keep kicking the can down the road as far as they can?
    2
  3774. Cheers @Motion2082!
    2
  3775. "If the RBA wants to control inflation, it should just stop creating so much of it!" - love this @LibertyDownUnder!
    2
  3776. Thanks so much for sharing @stomil . Since the western world all followed the same playbook, they all seem to be experiencing a housing crisis at the same time. Some would call this suspicious.
    2
  3777. 😍😍😍 @benpaulharris9697
    2
  3778. It's hard to kill the Australian Housing market - it's tougher than John Wick
    2
  3779. πŸ’―πŸ’―πŸ’―
    2
  3780. That is crazy. Thanks for sharing @majapalmo3027
    2
  3781. Great ideas and yes I agree "The truth I think is many politicians they themselves own a lot of properties and enjoying great wealth and a beautiful life that’s why they are not willing to address the problem"
    2
  3782. Thanks so much Kit kat πŸ™β€οΈ
    2
  3783. It's worrying when everyone seems to accept these crazy property prices as somehow normal.
    2
  3784. Cheers @snappybro1251
    2
  3785. 😍😍😍 @ibika9457
    2
  3786. Great point @berniestar1490 - the amounts could be significant
    2
  3787. Whether you're looking to buy a home or already own a home, the housing market affects everyone. I'd love to here some of your home buying experiences and your thoughts on the market going forward. And don't forget to subscribeπŸ˜ƒ 😍 https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3788. Cheers @antl986
    2
  3789. Yeah, Australian dollar gold is trading very strongly at the moment.
    2
  3790. Maybe some, but many wealthy Australians are massively leveraged into property so it would have a large impact overall, especially if prices didn't rebound straight away.
    2
  3791. Hey, thanks so muchΒ @bradj6985Β  ! πŸ™β™₯
    2
  3792. Cheers @stuiley424
    2
  3793. "honestly I believe it’s a planned decline" - Yes, it's starting to look like that more and moreΒ @stuiley424Β 
    2
  3794. Agreed Scotty B, something needs to happen with it!
    2
  3795. Cheers @JD-wx3pk! Whatever you do, I wish you all the best!
    2
  3796. That's a great point @peterburke8650. You can loan the most into property and you receive ultra generous taxation deductions. There's no other investment other than your PPOR where you will pay zero capital gains tax.
    2
  3797. Yeah, I think you're right
    2
  3798. Β @gore1089Β  And they kept them low for far too long - even when it was clear wild speculation had entered the housing market
    2
  3799.  @markferguson7563  Wow, thanks so much for sharing!❀
    2
  3800. Yeah I heard that @justinturtle6013 - will be very interesting to watch
    2
  3801. It obviously won't fix everything, but overhauling the policies which encourage speculation is one way to start reducing some demand. Another way would be reducing immigration. Another way would be banning foreign ownership. Housing affordability could be improved if there was a genuine effort made.
    2
  3802. Not banned by me
    2
  3803.  @richardfry9991  😍😍😍
    2
  3804. 😱😱😱
    2
  3805. 😍😍😍 @samirkhairnar
    2
  3806. Yeah I know @_permanence - I'm trying to find better options
    2
  3807. Thanks for sharing daryl hunt. I agree, what happens in USA will affect the rest of the world!
    2
  3808. Β @toolbox0001Β  Thanks for sharing!
    2
  3809. Β @michaeladams8577Β  How is it socialist to want Australians to have the opportunity to afford their own property?
    2
  3810. Thanks so much @lachyveal2738πŸ™β€οΈ
    2
  3811. "Its a plan for all of these governments to inflate away the massive debts they incurred through COVID." - I think you might be onto something @keepitreal2902
    2
  3812. πŸ˜‚πŸ˜‚πŸ˜‚
    2
  3813. Greek mate, and I ain't begging anyone. Just trying to highlight the disastrous state of the housing market
    2
  3814. Cheers @hart-coded!
    2
  3815. Yeah, Melbourne has been the anomoly since the pandemic
    2
  3816. Yep, and I feel the longer no action is taken, the more risk of collapse. Thanks for sharing!
    2
  3817. Thanks so much @afs-drew9644 πŸ™β€οΈ
    2
  3818. Excellent points XTSonic. Thanks very much for sharing!
    2
  3819. How is it that Australian housing has never experienced a real crash when nearly everyone other country has?
    2
  3820. Yes, the recent gold breakout has been stunning @georgeyao436
    2
  3821. Start with reducing immigration to levels lower than housing construction, overhaul tax concessions to reduce speculation, ban foreign ownership, tax empty properties and put controls on Air BNB. That would be a start IMO
    2
  3822. This is really shockingΒ @thebeerhunter817Β Thanks for sharing!
    2
  3823. Nearly every country sure followed the same policies
    2
  3824. Cheers @PeterAndreski-z1g. Change will happen when enough people demand change😍
    2
  3825. Cheers @JD-wx3pk
    2
  3826. Spot on @milpoolvanhouten1260
    2
  3827. Yes but the bank will hardly leand you any money to buy gold - but you can leverage massively into housing. That's why you'll probably make more from housing even those gold rises by a much larger percentage.
    2
  3828. Dead right - the Australian housing market is probably the surest bet out of every single housing market in the world
    2
  3829. πŸ™β€οΈ
    2
  3830. Cheers Vincent!
    2
  3831. Great point @feral4mr2
    2
  3832. Thanks very much for sharing Daveid!
    2
  3833. Dead right @topV85. Also, a very high income today gets you what the lowest income could afford only a few decades ago. πŸ™β€οΈ
    2
  3834. Enjoy your retirement Down Under Drover!
    2
  3835. Thanks so much for sharing your thoughts Hongsta2285!
    2
  3836. You know it
    2
  3837. Cheers @travsgamingclub8957πŸ™β€οΈ
    2
  3838. πŸ™πŸ™πŸ™β€οΈβ€οΈβ€οΈ
    2
  3839. Yeah, it would be a great feeling knowing you can use as much air con as you want!
    2
  3840. I'm surprised the level of buyers considering how much buying capacity has been reduced. I feel people still have a lot of FOMO and are willing to overpay just to get something.
    2
  3841. Excellent point bittersweet
    2
  3842. Cheers @robertmiller2173
    2
  3843. Wouldn't that be something
    2
  3844. πŸ™β€οΈ@Whydotheyalwaysgetma
    2
  3845. Yep, we're starting to see a global housing slowdown which could become a significant correction if interest rates keep rising. Looks like a nice area!
    2
  3846. You're dead right Soma4u 2. They blew up the housing market and now they might have to crash it!
    2
  3847. 😍😍😍@greatglidesby3322
    2
  3848. πŸ™β€οΈ@Dukejhb
    2
  3849. This is good
    2
  3850. It all depends on what those people can afford I guess. There's always a limit to what people can afford.
    2
  3851. Clueless by reporting on what's currently happening in the housing market? I'm not saying they'll crash - I'm just saying there's a change in the dynamics which could easily spread across the country. Ultimately, policies that affect house prices are completely out of my control.
    2
  3852. Spot on @eileen5584, first home buyers shouldn't have to compete against investors receiving massive tax concessions.
    2
  3853. Yes I think you're right @johnkauppi7078. That's why Australian housing has been the closest thing to a sure bet - but will this continue forever?
    2
  3854. Cheers Jay Clarke!
    2
  3855. Great point. With better than expected job numbers in the US, they may keep raising rates for a while
    2
  3856. Wow, when you look at the total payments over a 30 year loan with a higher interest rate it's incredible. No wonder everyone has gotten so used to low interest rates and are freaking out with a small surge - even though we're still at historically low levels.
    2
  3857. I understand what he's saying, because saving worked brilliantly back then. The dollar held it's value much better and house prices were much much cheaper. Today, every dollar's is seeing it's value get completely destroyed while house prices have risen astronomically compared to wages. The buying conditions then to now is night and day.
    2
  3858. Thanks for sharing @feral4mr2 - I wish you all the best!
    2
  3859. Spot on @danieljones7843
    2
  3860. 😍😍😍 @micled93
    2
  3861. Thanks for sharing @kelvinherbener4639
    2
  3862. πŸ™β€οΈ @liamwhakaue8365
    2
  3863. Thanks heaps for sharing @Kiwisnrl πŸ™β€οΈ
    2
  3864. In general, I don't like policies that fail to deal with the root problem - which is unaffordable housing
    2
  3865. It's sad that no one is willing to make any hard decisions to actually start improving affordability for future generations
    2
  3866. Median house price in Sydney is now 1.3 million. It's a massive failure as far as I'm concerned.
    2
  3867. Β @SmithtothemarkΒ  Thanks for sharing. My view is that if you remove some of the ultra generous housing tax deductions, it would remove some of the speculative demand for property. At the moment, some investors are able to buy a property because of negative gearing, but couldn't have afforded the property without it. The reason I feel this way is because most countries that don't have such generous housing tax deductions seem to have less expensive housing (relative to wages).
    2
  3868. " scarcity is often created intentionally" - spot on @roadrunner911
    2
  3869. Cheers @knowthy-selftarot8982πŸ™β€οΈ
    2
  3870. That's the trouble, the market is now too big to fail so will be propped up with everything the government and RBA have at their disposal
    2
  3871. Gold price getting smashed but gold stocks are starting to hold their ground.
    2
  3872. Β @bjjnnnkakka7813Β  Do you think we need a capitulation type bottom before Gold can rise again?
    2
  3873. Β @bjjnnnkakka7813Β  Good turnaround day for Gold.
    2
  3874. πŸ™β€οΈ@davidmcclelland1260
    2
  3875. πŸ™β€οΈ@C165095
    2
  3876. Cheers @C165095
    2
  3877. It's not rightΒ @Elemenopi205Β 
    2
  3878. Spot on!
    2
  3879. 😍😍😍@ewanjack8374
    2
  3880. Thanks so much for sharing andy3d1. Denison Mines has some quality Uranium assets.
    2
  3881. Thanks so much @domenicruberto608 πŸ™β€οΈ
    2
  3882. Very interesting - thanks for sharing @claren2792
    2
  3883. Cheers @oasis042
    2
  3884. Hey, thanks so much for watching and subscribing! πŸ™β€οΈ
    2
  3885. Wow, thanks so much @sidvicious7890😍😍😍
    2
  3886. 😱😱😱@user-ii1iy8fz1d
    2
  3887. Cheers lowtec1!
    2
  3888. πŸ™β€οΈ@mrdisklow
    2
  3889. Thanks for sharing!
    2
  3890. Β @catbreath007Β  Thanks for sharing
    2
  3891. But is their strategy to crash housing or to make it so expensive no one can afford it???
    2
  3892. Agreed @angelitepriestess1562 - the only homeless in this country should be by choice
    2
  3893. If Gold surges, Silver will soar - so that should be very interesting.
    2
  3894. I like GoldΒ @Hansen710Β  !
    2
  3895. I love that tongue twister
    2
  3896. Interesting thought!
    2
  3897. Jeffrey πŸ™β€οΈ
    2
  3898. The value of every dollar we earn has basically been destroyed
    2
  3899. " Is it me or is society going backwards" I don't think it's you @sapiens7821
    2
  3900. πŸ™β€οΈ@djredhareaus38
    2
  3901. Thanks so much @davo5809πŸ™β€οΈ
    2
  3902. "Using houses for people to generate wealth was always going to end up this way." - spot on @UncleBubby85
    2
  3903. 😱😱😱 @momoasraf3348
    2
  3904. Thanks so much @travsgamingclub8957!
    2
  3905. It's rubbish for renters - and sadly government policies and creating more and more renters. Thanks for sharing @aaronkelly4255 and I wish you all the very best!
    2
  3906. πŸ™β€οΈ@michaelblennerhassett414
    2
  3907. Cheers The Second Opinion. Let me know how you go!
    2
  3908. Bloody Greeks and their FeastsπŸ˜‚πŸ˜‚πŸ˜‚. Buying a house now is really a nightmare unless you have support from parents (or will receive a large inheritance later on).
    2
  3909. Australian house prices are never allowed to crash - it's written into law.
    2
  3910. Great point Naveed K. Japan has negative population growth and their housing is extremely affordable (as they have stacks of empty properties).
    2
  3911. Yes, I've thought about this too - it would be a good bellweather warning wouldn't it?
    2
  3912. Thanks for the suggestion @HighlanderGeoff. People say the next 18 year crash portion of the cycle falls due in 2026. Is that when you see it?
    2
  3913. Β @bjjnnnkakka7813Β  So do you think the stock market could crash from here?
    2
  3914. Thanks for sharing @Aeolus999
    2
  3915. Cheers @arthurmarcel2137!
    2
  3916. Β @scotty5166Β  I think you're right. Thanks for sharing!
    2
  3917. "abolish builders boost. abolish negative gearing. abolish fhog. double capital gains tax (before howard halved it). freeze immigration, or make it net negative." - Agreed, thanks for sharing @jubbafrubby4561
    2
  3918. I think it should @Deano00777, but nothing surprises me anymore with Australian property
    2
  3919. Cheer Greg!
    2
  3920. Spot on @antl98. Thanks for sharing!
    2
  3921. Thanks so much @ashleypicot8412!
    2
  3922. 😱😱😱
    2
  3923. Wow, that incredibleΒ @tronwars7130Β . Thanks so much for sharing!
    2
  3924. β€œNever confuse a bull market with Brains” - Yep, but I would say the Australian housing market has been artificially inflated rather than a real bull market.
    2
  3925. Very interesting thoughts Big N. Will we all be using a global digital currency in the near future???
    2
  3926. Thanks for the link share. Prophetic maybe?
    2
  3927. Want a new car, subscribe here: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  3928. Hi Haydos, thanks for engaging. Altona Meadows looks good "Part of the Western Growth Corrider" but I personally don't have much knowledge of Melbourne areas. At least most of the crazy speculation has now gone out of the market so trying to buy a house shouldn't be so ridiculous from now on. We may never see that same level of demand again in our lifetimes. Things are looking very volatile from a global sense so there's really no telling where everything will end up. The Australian stock market is now under pre-COVID levels but housing is up like 30 - 40% which is really quite crazy. That's what happens when you have massive government intervention and you have housing taxation policies that create extra demand because they greatly benefit property owners. All the best!
    2
  3929. If everything else starts to go bad (which is already happening), there could be a very strong rush towards gold. And if that's the case, both physical gold and gold mining stocks should do very well.
    2
  3930. Absolutely - it's a massive conflict of interest
    2
  3931. It's not fear videos - it's highlighting the terrible state of the Australian housing market and economy. It's not good enough to just accept non homeowners and future generations will be locked out of the housing market forever, so I fight for them
    2
  3932. Classic clip, thanks for sharing!
    2
  3933. Yiasou @choopa1670, thanks heaps for the support!
    2
  3934. Because our house prices are insane. If they don't ease, we'll have even worse soecietal issues
    2
  3935. Yes agreed @jcisme - thanks for the tip
    2
  3936. Spot on @davidparoz7370
    2
  3937. Thanks so much for the feedback Uncle Nath. All the very best!!!
    2
  3938. That has been One Nation's policy for a long time
    2
  3939. I hope not @garyjones4001πŸ™β€οΈ
    2
  3940. Yep!
    2
  3941. Thanks for sharing @mikevanderveken6028
    2
  3942. Demand change?
    2
  3943. "The anti end of society as we have known it" - has a ring to it!
    2
  3944. Really appreciate that eternalnature πŸ™β€οΈ
    2
  3945. Let's hope they take some real action @hellsraider7746
    2
  3946. Giddyup!
    2
  3947. Yeah, the size of the wealth transfer is staggering
    2
  3948. Wow, thanks for sharing @user-zl8vf1fz3j
    2
  3949. 😱😱😱 @Lone-Wolf-66
    2
  3950. Thanks for the vote of support @mattshiddengems
    2
  3951. Cheers @jameshutchison3197 - nah we're not f%$#$% and if we unite we can influence positive change
    2
  3952. Yeah, it's a very interesting situation we're in. You may be right and house prices continue rising. As I said in one of my videos, the Australian Housing Market is just like John Wick - you can't kill it! Thanks for sharing. https://youtu.be/ZvoF6EyigrQ
    2
  3953. Cheers @jimgarrison9173 - I appreciate that
    2
  3954. Will this be the start of a multi-year gold boom?
    2
  3955. Cheers @markwilliams4362!
    2
  3956. Yep, I think more states will start removing stamp duty but governments may well find a way to ensure the yearly land tax benefits them more over the long run.
    2
  3957. Cheers Deeptemperance, thanks very much for watching! πŸ™β€
    2
  3958. well this one was more about the overall economy rather than specifically focused on the housing market.
    2
  3959. It has some to do will supply, but it also has to do with housing and interest rate policies that encourage speculation into property IMO.
    2
  3960. Great insights @jonathanjonathan7386. Thanks for sharing
    2
  3961. Cheers @peteranscombe1162πŸ™β€οΈ
    2
  3962. Thanks for sharing @ruiamaral7954
    2
  3963. 😑😑😑
    2
  3964. It has to happen IMO. Why would the government spend billions on negative gearing when those on the highest tax brackets are overwhelmingly receiving the largest deductions.
    2
  3965. No, I like investing as a concept. I'm wanting overall demand for housing to be reduced so my Australians can own their own home
    2
  3966. Cheers @kenlucas3660
    2
  3967. Yes, but before 2000, you could easily afford a home with 1 income. Now you need approximately 3 average incomes to buy the average home.
    2
  3968. "Maybe"???
    2
  3969. Thanks mk km. I appreciate that.
    2
  3970. πŸ™β€οΈ @kurtpenning6620
    2
  3971. 😍😍😍@JamesHawkeYouTube
    2
  3972. Thanks so much @nigelmaund9057!
    2
  3973. 😍😍😍@rayjames9835
    2
  3974. Cheers @UpUplifted
    2
  3975. The speculative froth is finally starting to exit the housing market in many places. As a result, we could see 5-10% falls. Add in aggressive interest rate rises, and house prices could fall significantly or even crash. https://youtu.be/GToEspE12D0
    2
  3976. Thanks for sharing @CitizenShane54-u2u - I'm not picking on a political side as both sides have pumped house prices - and you rightly point out that Bill Shorten tried his best to actually remove some of the speculative demand out of the market (which is exactly what's required).
    2
  3977. πŸ™β€οΈ @user-og1bt4py9l
    2
  3978. Spot on @ClovisPoint
    2
  3979. Spot on @Playboysmurf1 - I like that analogy
    2
  3980. Good thinking Soma4u 2!
    2
  3981. Hi Nick, thanks so much for reaching out. These stocks are paying more than 2% dividend yield so would be worth checking out: Agnico-Eagle Mines Ltd, Newmont Mining, Gold Fields Limited, Lundin Mining, Centerra Gold, Sibanye Stillwater. All the best with your investing!
    2
  3982. Yes I've noticed Victoria in general has risen a lot less. What have you noticed @moregoldmoregold?
    2
  3983. Yep, it's quite unbelievable
    2
  3984. Hey Maxim Outbound, Nah my heritage is from the Island of Rhodes in Greece
    2
  3985. Thanks for sharing. It's been a long time since there was any excitement in Gold Stocks
    2
  3986. Thanks heaps @Lesterthebeet
    2
  3987. Thanks for your thoughts patrick. It's sure going to be a wild ride!
    2
  3988. Yes but everyone who's over-leveraged into property over the past 3 decades have done amazing well with very little risk - the housing market it now too big to fail so will be propped up with every lever available
    2
  3989. Yep, the great Australian Ponzi must stay intact at all costs
    2
  3990. Β @truthbetold2012Β  Neither should we
    2
  3991. What if we're not happy???
    2
  3992. Hey Fred, what's your cockatoo's name?
    2
  3993. Thanks for sharing @TheSpudmckenzie
    2
  3994. Not at all - I'm demanding that Australians today can enjoy the same opportunity of affordable housing that previous generations enjoyed
    2
  3995. 😍😍😍@brettanthonypalmer2956!
    2
  3996. Thanks for sharingΒ @eileen5584Β 
    2
  3997. Β @tobybrown1179Β  Agreed. Forcing lock-downs and reducing interest rates to zero flooded the economy with stacks or cash. So while some are doing it ultra tough at the moment, others are sitting very pretty.
    2
  3998. Β @downtoearth1950Β  Agreed, and they also seem scared of the mainstream media as well.
    2
  3999. Β @brianarps8756Β  Thanks so much for sharing your thoughts!
    2
  4000. 😍😍😍@victoriacorcoran1258
    2
  4001. Up is okay but it should grow around the same rate as wages. When it grossly outperforms, it makes it harder for future generations.
    2
  4002. Absolutely Ken. Many European countries have specific policies in place designed to ensure that house prices too rise too sharply. That's definitely not the case in Australia sadly
    2
  4003. That's the spirit!
    2
  4004. Cheers @simonc6328!
    2
  4005. "they can try stabilise an UNJUSTIFIABLE PRICE to the zombie masses and the cycle continues" - i love your stuff @Hongsta!
    2
  4006. Thanks for sharing @SpiritHawk
    2
  4007. Soma4u 2, I wore that shirt for youπŸ˜‰
    2
  4008. I pray you get it @cpatel5397πŸ™β€οΈ
    2
  4009. Yeah, It's a bit worrying KoreyB.
    2
  4010. πŸ™β€οΈ @iansorbello9693
    2
  4011. Yeah, the political landscape going forward is going to be interesting
    2
  4012. If house prices keep massively outperforming wages like they have for the past 25 years, we'll end up having massive societal issues which we're seeing the beginning of now.
    2
  4013. πŸ™β€οΈ@hollysmith1347
    2
  4014. 😍😍😍 @qwertyqwert2772
    2
  4015. That doesn't mean there's millions now locked out of the housing market
    2
  4016. 😱😱😱
    2
  4017. Absolutely John John, some of those generous might have made sense when housing was affordable in the 1990s. However, now it seems ridiculous when we continue to provide perks like negative gearing which just creates more speculative demand which increases house prices (making it harder and harder to people to buy a home). Thanks for sharing!
    2
  4018. Β @MotivateMillionsΒ  That's a great point - Pollies have a stack of property and they don't want the value to go down.
    2
  4019. Β @MotivateMillionsΒ  Yep! πŸ’―
    2
  4020.  @GemGames3  😠😠😠
    2
  4021. Thanks for sharing Aaron!
    2
  4022. Yes but they don't have any immigration
    2
  4023. Rich Husband?
    2
  4024. Yep, the gold surge is also indicated upcoming economic trouble IMO
    2
  4025. Thanks for the feedback @iansmith9706. Would you believe I've actually tried to reduce it.
    2
  4026. Do you live in New Zealand? If so, do you have any local intel on the housing market you'd be happy to share?
    2
  4027. Yeah, it's certainly been that way for the past 30 years. But is it sustainable Happy Snoopy and will it someday end in disaster?
    2
  4028. Β @johnmills5516Β  That would make a lot of sense!
    2
  4029. Hopefully you won't have to sell because home ownership at least provides housing security and I want more Australians to have that
    2
  4030. Thanks for sharing @rosshitchen-ij6en!
    2
  4031. Thanks so much @SerpentineUsurper
    2
  4032. For a Good Time, SUBSCRIBE HERE: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    2
  4033. Agreed, but the Australian Housing Market always goes up doesn't it?
    2
  4034. I love your support @Vicki_Aussie_Girl πŸ™β€οΈ
    2
  4035. "Eventually housing will be so expensive it will lock all younger people out of the market permanently. I don't think society will be able to handle that." - Yep, and it will cause massive societal upheaval if the current trend continues IMO.
    2
  4036. 😱😱😱 @davidhoffmann7467
    2
  4037. I'm not a property investor but even if I was, I wouldn't see a problem with it. If people see the game is rigged and join that game to benefit - then they made an informed decision. I believe in the things I say which is all that mattters imo.
    2
  4038. πŸ™β€οΈ@user-sc7by3pe7l
    2
  4039. 😍😍😍@davidstevens5358
    2
  4040. Yeah, I heard Auckland was bad. Perth is one of the only cities that isn't crazy expensive.
    2
  4041. That's really shocking @llillian4055
    2
  4042. 😍😍😍 @veronicangatia4879
    2
  4043. Thanks for sharing @SunRise-ul7ko
    2
  4044. Spot on @human8750 - house prices are almost gauranteed to go up year after year. Trouble is, young people who won't inherit property are started from a massive disadvantage and many could rise up and rebel against their inequality of opportunity.
    2
  4045. Β @penskyfile5290Β  Currently rent buy I've been fortunate enough to previously own my own home
    2
  4046. Β @johnwp111Β  Excellent point John. If housing affordability keeps getting worse, many more people might never be able to afford a home. Thanks for sharing!
    2
  4047. I think a crash could happen if interest rates stay high and unemployment rises sharplyΒ @CAPS_AMERICAΒ 
    2
  4048. What are the 3 big problemsΒ @TheXiphausΒ  ?
    2
  4049. Cheers @glengarbera7367 πŸ™β€οΈ
    2
  4050. Well put @larrycoldwater1964
    2
  4051. At the moment, people who own their own home pay no tax on any capital gains, however people trying to buy their own home have to pay tax on any gains they make. We definitely need some reform IMO.
    2
  4052. Congratulation on buying this stocks with your technical analysis Lee. You've done very well!
    2
  4053. Cheers @jamiephillips6036πŸ™β€οΈ
    2
  4054. Don't give a rats arse. It's a popular Australian saying
    2
  4055. Great insight @richie824!
    2
  4056. πŸ™β€οΈ @denisdoja4015
    2
  4057. Only if you don't have tinea
    2
  4058. Thanks heaps @bradg7701πŸ™β€οΈ. "Reduce immigration to 50,000 or below. Ban foreigners from buying any residential property. After that, NG and CGT.". Sounds like an excellent bloody strategy!
    2
  4059. Thanks for the support @mrdisklow!
    2
  4060. Thanks so much @guitarmuteπŸ™β€οΈ
    2
  4061. πŸ˜‚πŸ˜‚πŸ˜‚
    2
  4062. All the best @YeehMateπŸ™β€οΈ
    2
  4063. It's going great for those who own property, but for those locked out they've been destroyed by this artificially inflated housing bubble
    2
  4064. 100% agree @ausjoy4008. A family with one income could have easily bought a house and paid if off in 10 years 30 years ago. Today, a 2 income couple would struggle to afford that same property. There's plenty of real action that could be taken but no one has been willing to for decades now. Labor tried but lost both elections.
    2
  4065. Excellent point @davidparkinson3319!
    2
  4066. Thanks Soma4u 2. You're dead right, we need to do our own research as we can't trust everything we're told.
    2
  4067. Absolutely!
    2
  4068. What are you seeing @ian-f5f?
    1
  4069. 😍😍😍 @truthian9300!
    1
  4070. Great thoughts Mr D. Thanks for sharing
    1
  4071. Thanks for sharing @MaccaVB
    1
  4072. When you're taxed on your income and pay tax on everything else with after tax income, you don't end up with much money.
    1
  4073. 😍😍😍 @Jyesus
    1
  4074. πŸ™β€οΈ@PaulDickson7
    1
  4075. You're right Kym, this country has totally ignored renters as the current housing policies massively benefit property owners and create ridiculous demand which forces houses to become more expensive. How can they ignore 1 third of all Australians who rent?
    1
  4076. Β @matrix998Β  That's true, but the majority of developed nations have cheaper housing (both to buy and rent relative to income) than Australia. Incentivising wealth via property surely has had an impact.
    1
  4077. And to think people will freak out if house prices drop over 15% - imagine if way worse happens
    1
  4078. Cheers @lowtec1969
    1
  4079. Thanks so much for sharing @ShevelYar
    1
  4080. Trouble is, they have pretty much gone up for 30 years with very little downturn. Due to government and central bank support, Australian Property seems to be the closest thing to a sure bet
    1
  4081. πŸ™β€οΈ@Ozzy-Jay
    1
  4082. Thanks for sharing @waynefisher4296. The trouble is, banks, government and RBA will always keep trying to get more people into having a mortgage without tanking house prices. Banks will probably start offerring 40 or 50 year mortgage rates so people pay less each month etc. It's not right but I feel like they'll keep trying to kick this can down as far as it can go.
    1
  4083. Hi, not at the moment @switzerland3696. This is my X link: https://twitter.com/BikoKonstantin1
    1
  4084. Great point @shanemitchell5807
    1
  4085. 😍😍😍@matt79hz
    1
  4086. Great job with the video @QueenieAlexander2000.
    1
  4087. πŸ™β€οΈ @powertrip1050
    1
  4088. Wow, thanks for sharing @davidboyd8113!
    1
  4089. Yep, quite ridiculous when we've got so many people struggling at the moment.
    1
  4090. Cheers Down Under Drover
    1
  4091. Cheers @dartymcphee6738πŸ™β€οΈ
    1
  4092. Cheers @SuperHolden74!
    1
  4093. Thanks for the suggestion @allong470
    1
  4094. Potentially - unless interest rates are dropping because we're in economic trouble
    1
  4095. Reduce immigration immediately, ban foreign ownership, overhaul housing taxation deductions
    1
  4096. Do you think one day they won't be able to keep the Ponzi going any longer?
    1
  4097. "The solution. A prolonged immigration hiatus - perhaps permanent." - yep, like Japan who now has extremely affordable housing.
    1
  4098. I hope not
    1
  4099. Thanks so much @matthewaxford655πŸ™β€οΈ
    1
  4100. Wow, this is really quite shocking. Thanks so much for sharing @Sinister187!
    1
  4101. Thanks heaps @justinmolsal5613!
    1
  4102. 😍😍😍 @melissapreiss8401
    1
  4103. Β @somtingwongwai7194Β  Because there's way more risk buying a property at 13x income compared to 3x income. If you use the Ponzi analogy, the people who bought when houses were ultra cheap are at the top of the ponzi, and people who buy now at towards the bottom. The people who buy now need new people to keep paying more than them for house prices to keep rising faster than wages. It also creates massive inequity because the early buyers can easily afford to purchase additional properties where current buyers struggle to afford anything, or if they do they'll have a massive debt,.
    1
  4104. Β @somtingwongwai7194Β  It's just an analogy to show that it's harder and harder for each generation (without help from parents) to purchase their own home. Back in the 1980s/1990s, a single income family could easily buy a house and pay it off in less than 10 years. Now, a double income family struggle just to buy and if they do, it will take most a long time to pay it off. Just like in a ponzi, the people at the top are profiting the most from those underneath, and the latest buyers get the worst deal.
    1
  4105. Yes, this seems to be the way things are headed
    1
  4106. "you will own nothing and THEY will be happy" - I like this!
    1
  4107. "Things like the buyers grant are just a distraction to every other decision that gets made to boost their investments" - spot on @sirdekkar
    1
  4108. Cheers @businesschannel8248 !
    1
  4109. How? If it was really click bate, I'd say houses are set to crash 50% or something like that.
    1
  4110. So you think we'll have a major economic crash?
    1
  4111. Wow, thanks for sharing @mikimoto99. What area was that?
    1
  4112. It's really sad that housing affordability hasn't been prioritised for future generations
    1
  4113. 😍😍😍You Too @barretcarver2203
    1
  4114. Hey, thanks so much @claren2792πŸ™β€οΈ
    1
  4115. 😍😍😍@kyahblack3445
    1
  4116. Not Australian property by the looks of it
    1
  4117. Thanks for sharing
    1
  4118. Hey thanks heaps @JustpokerB!
    1
  4119.  @q.a.2875  😱😱😱
    1
  4120. Cheers Aiden!
    1
  4121. 😍😍😍@mitchpartridge4615
    1
  4122. Spot on @TheTestride!
    1
  4123. Thanks so much @samirkhairnar!
    1
  4124. Yep, renters are royally getting screwed at the moment.
    1
  4125. Great video. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market IMO. https://youtu.be/jr1tf4s8Uz4
    1
  4126. Thanks for sharing @ReturnOfTheJ.D
    1
  4127. It's an absolute disgrace what has happened to the hosuing market in this country @user-iv3qd9tz1n. Thanks for sharing and I wish you all the best!
    1
  4128. It's scary
    1
  4129. I don't really know. There seems to be an overall lack of care or not wanting to deal with the tough issues.
    1
  4130. Thanks so much @TheTestride!
    1
  4131. Cheers @GeorgeMathew-lr7f
    1
  4132. Sydney is absolutely ridiculous how expensive it is. Thanks for sharing
    1
  4133. Hey, thanks very much for sharing @dougwhiley4028 . Sadly, that seems to be the direction we're headed in.
    1
  4134. πŸ™β€οΈ@danielcrisp8410
    1
  4135. Thanks so much @kurtpenning6620πŸ™β€οΈ
    1
  4136. cheers @jonathonrossi9335!
    1
  4137. Cheers @Grimsister1
    1
  4138. Thanks so much @redafro9773!
    1
  4139. Spot on @Billydevito
    1
  4140. Cheers @simonc6328!
    1
  4141. Spot on @jaidanielparker
    1
  4142. Cheers @TheRosiebeam!
    1
  4143. The WEF want a great reset don't they!
    1
  4144. Agreed. A lot of the speculative froth is exiting the market which could result in falls of 5 - 10%. Add in the effects of aggressive interest rate rises and we could really see some significant falls over the next 12 - 24 months IMO. https://youtu.be/GToEspE12D0
    1
  4145. πŸ™β€οΈ @goofymcadams
    1
  4146. Cheers mate πŸ™β€οΈ
    1
  4147. πŸ’―
    1
  4148. I'll have to look him up @wongjock648
    1
  4149. 😱😱😱 @vaspats
    1
  4150. Cheers Greg!
    1
  4151. The RBA have screwed up for decades and their performance during COVID was negligent. https://youtu.be/UZb8gsVtuj0
    1
  4152. Thanks so much @Sagitdragon πŸ™β€οΈ
    1
  4153. Cheers @JhitStain
    1
  4154. Thanks for sharingΒ @aron.gortmanΒ 
    1
  4155. AbsolutelyΒ @InfinityIsland2203Β - renters getting royally screwed
    1
  4156. Excellent pointΒ @bradg7701Β 
    1
  4157. Hi @catenMex, I can't advise as to whether to buy or not. Regarding my thoughts on house prices, I'm hoping they drop a bit or remain flat while wages grow so affordability will improve for first homebuyers.
    1
  4158. Wow, thanks so much @Zilron38!
    1
  4159. 😍😍😍@user-lh5kn8tv4f - You're my video coach now!
    1
  4160. I know rightΒ @boxman8957Β 
    1
  4161. 🀣🀣🀣@crapmalls
    1
  4162. I love this thought!
    1
  4163. πŸ™β€οΈ
    1
  4164. Thanks so much @christopheradams8807! πŸ™β€οΈ
    1
  4165. If it gets worse, we're in big trouble
    1
  4166. Sweet FA?
    1
  4167. πŸ’―@alanj9978
    1
  4168. Thanks so much @darkfieldcarnivore3928 πŸ™β€οΈ
    1
  4169. Thanks for sharing @davisutton1
    1
  4170. 😍😍😍 @maxmiles7872
    1
  4171. Thanks for sharing @joebloggs6131. Another shocking example of how badly this housing market has been royally screwed.
    1
  4172. ​ @schrenk-dΒ  Good points. There will be massive societal issues if renters can't afford to buy houses and also can't afford the rent that's being asked.
    1
  4173. This speculative FOMO that's been created is a giant betrayal to people wanting to buy their first home
    1
  4174. Thanks so much @johnvlahos2530πŸ™β€οΈ
    1
  4175. Based on recent actions that would be a logical conclusion
    1
  4176. World sanctions against Russia could possibly strengthen their alliance with China, and this could end up backfiring. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
    1
  4177.  @jack_toohey  Dammit, that would have made a better Thumbnail🀣🀣🀣
    1
  4178. Β @wormbo2Β  Thanks wormbo2
    1
  4179. Cheers @choopa1670
    1
  4180. Really shocking @gordonramsay1501. The system seems to be totally designed to benefit property owners
    1
  4181. Fiat money becomes like confetti
    1
  4182. 100%!
    1
  4183. Thanks Yalooga. Not much hair left.
    1
  4184. Agreed - it needs to go today.
    1
  4185. Bill Shorten's plan was to only allow negative gearing on new properties that add to housing supply. This was a common sense approach IMOΒ @sugarfree31Β 
    1
  4186. Thanks for sharing @gregwooldridge8864
    1
  4187. Hi, send me a private message on X, Facebook or Instagram and we can chat
    1
  4188. @rc2276 πŸ™β€οΈ
    1
  4189. Love the Humpty Dumpty reference. Thanks for sharing!
    1
  4190. The speculative froth is finally starting to exit the housing market in many places. As a result, we could see 5-10% falls. Add in aggressive interest rate rises, and house prices could fall significantly or even crash. https://youtu.be/GToEspE12D0
    1
  4191. Thanks so much @modfus πŸ™β€οΈ
    1
  4192. πŸ™β€οΈ @rayjames9835
    1
  4193. Cheers @acecollo2022
    1
  4194. Even a sensible reduction would be good at this stageΒ @Holden-2024Β 
    1
  4195. Β @bjjnnnkakka7813Β  Thanks for sharing. Do you trade futures?
    1
  4196. Great poing, thanks for sharing @domlipski5226
    1
  4197.  @victoriacorcoran1258  😍😍😍
    1
  4198. That's what I've been wondering. At this stage, I feel there'd be too much oitrage
    1
  4199. Thanks for sharing
    1
  4200. Cheers @gazzatatts4228!
    1
  4201. 😱😱😱
    1
  4202. Makes heaps of sense @KenOath1234!
    1
  4203. Thanks so much @jesusislukeskywalker4294 πŸ™β€οΈ
    1
  4204. Thanks for sharing @David-rk6ds πŸ™β€οΈ
    1
  4205. Don't forget to SUBSCRIBE for an independent perspective: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    1
  4206. It's shocking how full time work is now not enough to buy your own home for many people. What's this country come to?
    1
  4207. Cheers @deepbatra106
    1
  4208. 🀩🀩🀩 @JeremyBryce-r5x 
    1
  4209. 😍😍😍@becsterbrisbane6275
    1
  4210. Cheers @roamingalone5226!
    1
  4211. He loves my humourπŸ˜‚πŸ˜‚πŸ˜‚
    1
  4212. Cheers @GoldCoastExplorer
    1
  4213. To the sun - that's where they want house prices to go
    1
  4214. There's full time workers literally living in their cars. That's pretty bloody gloomy for them
    1
  4215. Wow, thanks for sharing @Peter-kk6rg!
    1
  4216. Yep, spot on @workpulkit
    1
  4217. That's a really interesting thought I've heard from a few people. Does it cost much to keep it docked?
    1
  4218. I saw that
    1
  4219. Thanks so much @modfus πŸ™β€οΈ
    1
  4220. 😱😱😱 @KingPrince2632
    1
  4221. Spot on @siyaindagulag
    1
  4222. Thanks for sharing @stevestruthers6180
    1
  4223. Thanks for sharing @queenbee4637. Did the auction give you a feel for the current state of the market (e.g. still lots of speculative demand or more subdued)?
    1
  4224. Thanks @noninag2296. I agree, if we keep going down this path something has to give
    1
  4225. Nah, I'm an Aussie
    1
  4226. Cheers @jobyjob_memoriesof1985
    1
  4227. Thanks for sharing @patrickfrench1569
    1
  4228. Agreed the last 25 years of housing growth is unsustainable and could end in collapse. However with the government and RBA keep trying to kick the can down the road???
    1
  4229. Totally agree about unemployment @jaidanielparker!
    1
  4230. Thanks so much @maryjensen1888πŸ™β€οΈ
    1
  4231. When the pollies sell their properties, it's definitely time to sell IMO. Thanks for sharing @hounddog7256!
    1
  4232. I thought the main reason for negative gearing was to encourage new business.
    1
  4233. Yep, since around 2000, affordability has deteriorated rapidly - but it can always get worse
    1
  4234. Hi Elle, Hope you're doing GREAT!
    1
  4235. Thanks for sharing @adiintel1 - this is the exact issue - first home owners have to face a mountain of issues while investors are incentivised to buy multiple properties. I wish you all the very best!
    1
  4236. Well, all developed countries followed the same policies and now they all basically have a housing crisis. Quite strange
    1
  4237. πŸ™β€οΈ@hyporedrogers6708
    1
  4238. Giddyup!
    1
  4239. 😍😍😍 @jric5097
    1
  4240. "Govt need to Limit negative gearing" Absolutely @leonie563!
    1
  4241. πŸ™β€οΈ @dewulfe9913
    1
  4242. Thanks for the feedback @riffcaster
    1
  4243. Thanks for sharing @bign1667!
    1
  4244. I don't see property investments as a business. They should be able to claim expenses but not claim losses against their wages.
    1
  4245. I did enjoy Rogue one - had some of the original grittiness I reckon
    1
  4246. "It’s almost as if it was centrally coordinated πŸ€”" You might be onto something there @SenorTucano
    1
  4247. That seems reasonable
    1
  4248. Cheers @naidoomahesh
    1
  4249. That would be really interesting if we have a 2nd go at a downturn for house prices. Let's watch and see.
    1
  4250. 😍😍😍 @kurtpenning6620
    1
  4251. 😍😍😍@catlaroja
    1
  4252. Thanks for sharing @hollysmith1347!
    1
  4253. Thanks for sharing @noiamspartacus8965
    1
  4254. Cheers @arthurmarcel2137
    1
  4255. Thanks for sharing @LibertyDownUnder . I also think they don't want to get rid of an asset that has generated so much wealth over the past 30 years
    1
  4256. How do you think they will outwork their agenda for people to own nothing and be happy? Currently, boomers own trillions worth of property and they will pass that down to their kids.
    1
  4257. This is such rubbish and I feel for you @bannajirocks. Just 30 years ago you could have easily bought a great house and paid it off ultra quick. That's how far the housing market has been screwed in just a few decades. Thanks for sharing and I wish you all the best!
    1
  4258. Lots of people considering moving to cheaper places like thisΒ @gaardofitΒ 
    1
  4259. 😍😍😍@simonbrewer4394
    1
  4260. Now that will be interesting
    1
  4261. Thanks @shanerichardson3212!
    1
  4262. "Everyone should be able to buy a house." - agreed @Chris-sq7bh.
    1
  4263. No one wants to live like a battery hen
    1
  4264. 😍😍😍 @celluskh6009. I guess I gotta get some more sarcastic!!!
    1
  4265. "And the Australian Gubberment WILL NEVER let the 'music stop' while they are still solvent themselves." - spot on @user-om5dh2ys1j
    1
  4266. Australian property is not allowed to crash - it's written into the law!!!
    1
  4267. Yep, totally agree. Record immigration is driving national economic growth figures but growth per person is actually going down. Affordable housing is criticial for the wellbeing of future society but is something that seems to be completely ignored at the moment. Thanks for sharing James!
    1
  4268. And increasing Australian house prices?
    1
  4269. Β @jedg4746Β  Yep, Immigration on steroids is having massive effects.
    1
  4270. Cheers @jasonroo2767!
    1
  4271. That would make a lot of bloody sense
    1
  4272. Thanks so much @lowtec1969!
    1
  4273. Thanks for sharing your thoughts!
    1
  4274. Well, the FED blew the housing market up with ultra-low interest rates, and now they're going to do the opposite. Average mortgage rates have risen very sharply since the start of the year. With the prospect of several more interest rate rises this year (including some 50-basis point hikes), the housing bubble will well and truly burst IMO. https://youtu.be/gRM4IF6_D1k
    1
  4275. Cheers @nigelmaund9057
    1
  4276. 😍😍😍
    1
  4277. πŸ™β€οΈ @philmelb1022
    1
  4278. 50,000 would be great - I think you mean 500,000!
    1
  4279. Someone or some group who could mobilize a lot of people could start putting genuine pressure on the government to take action.
    1
  4280. Very true Crusader
    1
  4281. πŸ™β€οΈ @rayjames9835
    1
  4282. Seems logical
    1
  4283. Thanks so much @1984Skynet !
    1
  4284. But what's their plan for all the properties owned by all the older generations now? A large inheritance tax?
    1
  4285. Thanks so much for that Travis! πŸ™β€οΈ
    1
  4286. Cheers @shanerichardson3212!
    1
  4287. Great thought
    1
  4288. They need to start caring. If you don't inherit property, you're starting from a massive disadvantage and that's not healthy for society IMO.
    1
  4289. Agreed, years of watching why house prices outperform wages by many multiples. Policies since COVID have been especially bad IMO
    1
  4290. Australia needs a full property tax overhaul if they want more housing at more affordable prices. Take away the incentive to over leverage and speculate on property will make a massive difference. https://youtu.be/olsAKGiemT4
    1
  4291. Thanks for sharing @johnwp111
    1
  4292. 😒😒😒
    1
  4293. and Gold could do extremely well over the coming years
    1
  4294. The trouble is, you can't get a massive loan for gold like you can with real estate - which his why people are making fortunes more in real estate than they ever could have with gold - due to massive leverage.
    1
  4295. 😍😍😍 @jcism
    1
  4296. 😍😍😍@caveyful
    1
  4297. Cheers @JesterofDamocles
    1
  4298. Wow, thanks so much πŸ™ ☺️
    1
  4299. Cheers @melissapreiss8401πŸ™β€οΈ
    1
  4300. 😍😍😍@calibre_au6183
    1
  4301. Great video. Birth rates are at all time lows and way below replacement levels in many countries. As a result, global peak population will occur way earlier than expected and have a drastic effect on humanity. The result could be a never ending recession and the end of improving living standards. https://youtu.be/qeFIRYUwkZ0
    1
  4302. Thanks for sharing @brettslater5619 !
    1
  4303. Wow, I love this analogy!
    1
  4304. You're dead rightΒ @carolyngartner6865Β . This is all leading towards a tipping point IMO.
    1
  4305. Thanks so much @Playboysmurf1!
    1
  4306. Absolutely, there are some incredibly affordable properties in other countries
    1
  4307. That's not a very nice plan
    1
  4308. Hi Noobius. I'm great.
    1
  4309. Cheers @samtabit5457!
    1
  4310. πŸ™β€οΈ @Attunedminds
    1
  4311. "Protect Australia's young people and their right to have an affordable home" - Love ThisΒ @gonzoexpress9885Β !
    1
  4312. 😱😱😱😍😍😍
    1
  4313. "Howard's government was all about propping up the housing industry." - spot on @davidbrayshaw3529 - and that's continued ever since
    1
  4314. .
    1
  4315. .
    1
  4316. .
    1
  4317. .
    1
  4318. .
    1
  4319. .
    1
  4320. .
    1
  4321. .
    1
  4322. .
    1
  4323. .
    1
  4324. Thanks so much @paulsoutbackgardenaustrali7674
    1
  4325. Cheers Juliet! πŸ™β€οΈ
    1
  4326. Well, the FED blew the housing market up with ultra-low interest rates, and now they're going to do the opposite. Average mortgage rates have risen very sharply since the start of the year. With the prospect of several more interest rate rises this year (including some 50-basis point hikes), the housing bubble will well and truly burst IMO. https://youtu.be/gRM4IF6_D1k
    1
  4327. Yes, both bitcoin and gold surging as people are taking defensive positions IMO.
    1
  4328. Thanks for sharing @ozzicossy5552
    1
  4329. Cheers @gcc849πŸ™β€οΈ
    1
  4330. So Indonesia, China, Thailand, Cambodia, Philippines and Vietnam all ban foreign ownership - and Chinese are the largest property buyers in Australia and Vietnamese is the 3rd largest.
    1
  4331. Cheers @richarddoyle2216!
    1
  4332. "Our Australian youth is being locked out of the real estate market due to inflating prices" - absolutely correct
    1
  4333. Why would it do anything? Over 90% of negative gearing claims are over existing property. If less investors buy existing properties, more rental households will be home owners. This means we won't need as many rentals and the overall supply hasn't changed. All they have to do is only allow negative gearing on new property and it will encourage new supply which is what we need. Rents can only increase when there is massive demand like we have now with mass immigration. Do all the other countries that don't allow negative gearing double their rents? Most of those countries have cheaper rent than Australia compared to income.
    1
  4334. 😍😍😍 @greatglidesby3322
    1
  4335. πŸ™β€οΈ@helen9722
    1
  4336. Absolutely, and interest rates have been kept so low for so long (from way before COVID), they've encouraged larger and larger debts. Does this create bigger risks to the economy if things don't work out too well?
    1
  4337. Cheers @robb5642!
    1
  4338. Not telling you who to vote for but One Nation has the strongest policy about lowering immigration
    1
  4339. Cheers @headcrabbed7796, now I can finally sleep at night😍😍😍.
    1
  4340. Wow, really appreciate that @billyhopkins1 πŸ™β€οΈ
    1
  4341. 😍😍😍 @peterforsyth962
    1
  4342. Β SuperBozzΒ  πŸ™β€
    1
  4343. Trouble is, i wouldn't class Australia as a free market for housing because nearly all our policies support ultra high house prices (thus making it the closest thing to rick free).
    1
  4344. There's so many policies that create strong demand for housing in this country
    1
  4345. This is the question
    1
  4346. Good question?
    1
  4347. Cheers @chrisi4364
    1
  4348. Thanks so much @stevenlhitchcock πŸ™β€οΈ
    1
  4349. Very true @Coastal-Sasquatch - thanks for sharing!
    1
  4350. Plus there's no capital gains tax on all the profit homeowners make while anyone saving for a home deposit pays tax on everything. Housing policies are all out of whack.
    1
  4351. Cheers @jirehpaulo
    1
  4352. Time to rise up?
    1
  4353. The last 2 years are the absolute best example of a sure bet. House prices would be way lower but for government intervention - so yes it is the closest thing to a sure bet IMO.
    1
  4354. .
    1
  4355. Cheers @mikebuckley46 πŸ™β€οΈ
    1
  4356. Send them to me @bulentosmane!!!
    1
  4357. 😍@luckyja1
    1
  4358. The current housing crisis is terrible news for millions of people in both Australia and Canada This should be highlighted way more IMO.
    1
  4359. Yes, and every survey shows the majority of Australians don't want mass migration - so why can't we have a vote
    1
  4360. Agreed @chooba77, that's the only way I see house prices crashing in the near term.
    1
  4361. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, plenty of pain ahead. https://youtu.be/jr1tf4s8Uz4
    1
  4362. Yep, we've turned property into a commodity to create wealth rather than a safe place to live.
    1
  4363. Large rent increases only work when they're massive demand for rentals (like there is now due to mass immigration). The US has a vacancy rate of around 6% so there's always plenty of rentals to choose from and it keeps rents low.
    1
  4364. Why would we all loseΒ @M4t30Luc7Β ? If more rental households owned their own home, we would need less rentals.
    1
  4365. Wow, that's incredible @williamcrossan9333 - thanks for sharing
    1
  4366. That's a worry
    1
  4367. Thanks for sharing @RealChange-eh1gw
    1
  4368. Thanks for sharing @oliviachipperfield6029. I'll be interested to see if the reduced immigration levels eventuate - as Australia has said a similar thing.
    1
  4369. Yeah I noticed that - something with my editing went wrong
    1
  4370. "If the Politicians sell there Houses , than you will know that the Crash is coming!" - Spot on @jimmyhvy2277
    1
  4371. 😍😍😍@melissapreiss8401
    1
  4372. 😱😱😱
    1
  4373. πŸ™β€οΈ @homeautomationlab1533
    1
  4374. Foreign ownership should be banned. It's a no brainer IMO.
    1
  4375. Cheers!
    1
  4376. It would be much better because it would remove a lot of the speculative demand from housing which would mean house prices wouldn't rise as much. As per the video, the vast majority of people claiming these deductions have invested in existing properties which means they haven't helped housing supply at all.
    1
  4377. Cheers @russodee4354 😍😍😍
    1
  4378. πŸ’―thekagifret!
    1
  4379. True, but Japan doesn't really have any immigration created perpetual demand
    1
  4380. Cheers @KT-bb1tbπŸ™β€οΈ
    1
  4381. Thanks very much @TheFfabinhooπŸ™β€οΈ
    1
  4382. Cheers @michaelmallal9101
    1
  4383. Β @markdoery08Β  I don't understand the question. I want to see housing affordability improve. My video shows why housing affordability is so bad and how the government and RBA basically guarantee surging house prices with their policies. House prices should come down but the RBA needs to keep interest rates high and the government needs to overhaul tax deductions like scrapping negative gearing to get real improvement
    1
  4384. Makes heaps of bloody sense @rob9340 - thanks for sharing
    1
  4385. Thanks for advising @anthonyscully2998
    1
  4386. πŸ™β€οΈ@ropo1099
    1
  4387. Great point @urallnutz5294 - we need to disincentivise investment into property and lower growth will certainly help with that.
    1
  4388. Great point @Janai1100
    1
  4389. Spot on @ASXFundamentalsAnalysis
    1
  4390. Β @MrZoomahΒ  Thanks for sharing!
    1
  4391. Youtube often auto censors some comments
    1
  4392. Let's hope they take action to improve housing affordability so Australia remains a great country for all people
    1
  4393. Thanks for sharing @chrisrutherfurd9338
    1
  4394. Noooooooooooooooooooooooooooooooooooooo
    1
  4395. "If the government wanted housing prices to drop, they could do it no problem. They don't want it to drop." - spot on @garettjames6349
    1
  4396. Agreed @dznutz3598, that could potentially be the best warning that good times are over for house prices
    1
  4397. Excellent example @datruth4766 - thanks for sharing
    1
  4398. Maybe, but even the US aren't expecting rate cuts soon anymore.
    1
  4399. Cheers @ichrisone!
    1
  4400. Thanks so much @williamcrossan933!
    1
  4401. Yes but COVID policies massively inflated the housing market and now we're in the middle of a Housing Crisis - so numbers need to be reassessed IMO
    1
  4402. Cheers @adamhend3211πŸ™β€οΈ
    1
  4403. 😱😱😱@TheGranthigginson
    1
  4404. The lotto reference is due to the government pursuing policies that have caused house prices to massively outperform wages for 30 years. So if you bought before 2000, (when prices were very affordable), you're benefited massively from insane demand which was pushed by design.
    1
  4405. Great thought @lukeallison88
    1
  4406. Yep, they're really going hell for leather
    1
  4407. Like mass censorship and global control? That's what the seem to be pushing for
    1
  4408. Definitely could do
    1
  4409. That's a good point @seyedmohseni5516. The trouble is, you can borrow way more for property so even a 3% gain on a lot of money is quite significant.
    1
  4410. 😍😍😍@banliveexport325
    1
  4411. Thanks for your insights @jubbafrubby4561. Any improvement to housing affordability will be most welcome IMO
    1
  4412. Spot on @dan13770
    1
  4413. Whatever you do, I wish you all the very bestπŸ™β€οΈ
    1
  4414. Thanks for sharing @vittorianesse
    1
  4415. How can we make them take notice?
    1
  4416. It's a classic @trevorbowers6236
    1
  4417. Great point - thanks for sharing @mikfax
    1
  4418. Spot on @adiintel1
    1
  4419. Yes, I believe politicians will do everything in their power to prop of the housing market, which basically screws over all those who don't own a property. Hopefully they will overhaul housing policies which encourage specualtive demand.
    1
  4420. Cheers @BeBetter863!
    1
  4421. Thanks for sharing @atholmullen
    1
  4422. Spot on @bloodmuffin123. Their population is actually declining as ours would if we had zero immigration
    1
  4423. Cheers @onebigzero5266
    1
  4424. Cheers @dad2533
    1
  4425. This seems to happen a lot
    1
  4426. Cheers @mrekin2146. I've only heard a little bit about it so I'll do some more research.
    1
  4427. Extremely sad how citizens are you pushed out of their own countries. Thanks for sharing @kcc879 !
    1
  4428. 😍😍😍 @parko471
    1
  4429. Even if the cash rate in Australia got above 5%, I think there would be carnage. That's how leveraged we've become to the housing market as it gets more and more expensive for first time home buyers.
    1
  4430. Yeah, I'd probably agree with that
    1
  4431. Hi @user-cj9wo4dd8l, currently renting but I've been a home owner so know both sides. The system is 100% stacked against renters
    1
  4432. There's so much speculative demand in the market because house prices have risen faster than wages for the past 25 years - and everyone wants a piece of the action.
    1
  4433. Thanks for sharing @whippersnapper660
    1
  4434. It's not stupid at all, our current levels are way higher than what was previously planned for in treasury budgets and our population is way higher than what was previously planned for in recent times
    1
  4435. "They'll always choose the option that gives the least amount of pain in the short term, although this may have much more significant consequences later on." - I like this @wsiak340
    1
  4436. Thanks for sharingΒ @woodliceworm4565Β  . I wish you all the best!
    1
  4437. Thanks for sharing @markhirstwood4190
    1
  4438. πŸ˜‚
    1
  4439. Great thoughts Simon C. Thanks for sharing.
    1
  4440. Thanks so much @angerainbow9200 😍😍😍
    1
  4441. Β @robd8577Β  I'm not leaning towards any political party. I'm focused on highlighting the shocking state of the housing market and it's helping to increase the conversation about it. This will hopefully result in positive change if enough people rise up.
    1
  4442. 😍😍😍
    1
  4443. It certainly seems that way
    1
  4444. "the hou$ing will just rise and rise and rise to infinity and beyond" - then we'll end up with massive civil unrest.
    1
  4445. Β @simonc6328Β  Hey Simon, you can message me via Facebook or Twitter: https://twitter.com/BikoKonstantin1 https://www.facebook.com/bikokonstantinos1
    1
  4446. Cheers Driven2rebel!
    1
  4447. 😍😍😍 @magnito1913
    1
  4448. Hey thanks @Funstuff13613 - I appreciate that!
    1
  4449. Spot on @arthurwatts1680
    1
  4450. I agree with no capital gains tax on the principal place of residence - but only if a regular workers can afford their own home. When millions are locked out of the housing market, this rule serves to increase the wealth gap. But instead of scrapping the rule, I'd rather see houses become more affordable
    1
  4451. No, the capital gains tax discount works for any investment you hold over 12 months. You could have 10 investment properties and when you sell them, you only pay tax on 50% of the capital gain.
    1
  4452. I never said I think there is going to be a crash. I said there could be a crash if a number of factors occur whilst we also get a sharp increase in unemployment.
    1
  4453. Absolutely @samtannouri3665. 13x income is ridiculous. When you end up with a massive mortgage for a bomb of a house, something's wrong.
    1
  4454. I hear ya @soma4u289!
    1
  4455. Excellent example @wabisabi3619 - thanks for sharing. All the best with the business
    1
  4456. Sounds spot on @veritasliberabitvos454
    1
  4457. Thanks for sharing. I agree that demand for investment should be reduced by reforming policy and renters should have more stability. At the moment, policies heavily favour property owners and more and more people are having to rent now because houses are so expensive
    1
  4458. Thanks for the feedback
    1
  4459. The speculative froth is finally starting to exit the housing market in many places. As a result, we could see 5-10% falls. Add in aggressive interest rate rises, and house prices could fall significantly or even crash. https://youtu.be/GToEspE12D0
    1
  4460. Great thoughts @Theaceofspace255!
    1
  4461. 😍😍😍@rayjames9835
    1
  4462. "Our dullard politicians are trying to stave off a recession through immigration however, creating even bigger problems doing so. Why aren't people screaming at the politicians about this?" - Absolutely agree @shanemitchell5807!
    1
  4463. Β @afrivoxMoneyΒ  Great stuff for getting in there and going for it. I hope the buying demand easing significantly for you so you're able to get a decent deal. I feel like it should but have given up trying to predict what this market will do - as things have been royally stuffed up.
    1
  4464. It's totally absurd!
    1
  4465. πŸ™β€οΈ @joelcowley3695
    1
  4466. Spot on @jenniferhodgson4165. Thanks so much for sharing!
    1
  4467. "If I printed money like they do, I'd be doing prison time for fraud." - this is great @nwodestruction3903!
    1
  4468. G'day Nicholas.
    1
  4469. "we're entering into the winners curse phase of the property cycle" - I like this!
    1
  4470. 😍😍😍@peterforsyth962
    1
  4471. Thanks so much @thomas100c!
    1
  4472. Thanks for sharing @MichaelRiftwalker. All the best!
    1
  4473. Congrats @michaelmallal9101!
    1
  4474. It can't be stopped by sticking your head in the sand or by predicting inflation is only transitory. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market IMO. https://youtu.be/jr1tf4s8Uz4
    1
  4475. Thanks for sharing @roddgerhard7993
    1
  4476. Cheers @ryanborder189!
    1
  4477. What do you see happening @avee8574k?
    1
  4478. Politics seems to corrupt people so I try and stay away @davidrose2382
    1
  4479. 😍😍😍 @becsterbrisbane6275
    1
  4480. 😍😍😍 @parko471
    1
  4481. Trouble is, buying a home is now out of reach for many people, especially considering they're currently facing the worst rental crisis in history. House prices have risen 30 - 50% since the pandemic in most Australian cities.
    1
  4482. Cheers @downunda107πŸ™β€οΈ
    1
  4483. But what if noone continues to do anything and property ownership becomes something only for the rich?
    1
  4484. Β @robertlipka9541Β  "They can still kick the can a little farther down the road, but cannot protect the housing market for ever." - love this
    1
  4485. Thanks for sharing @ohdearearthlings1879
    1
  4486. It's the wages earners that seem to pay most of the tax
    1
  4487. πŸ™β€οΈ @steshaw3
    1
  4488. Do you think interest rates won't drop next year?
    1
  4489. Hi @divyumm, yes the US is the 4th largest property investment country for China, behind Australia, Canada and the UK.
    1
  4490. I would argue that all policies that create additional demand for housing combine to worsen housing affordability. Immigration has to be reduced (IMO) when we're in the middle of a housing crisis and vacancy levels are so low.
    1
  4491. My previous video: https://youtu.be/ZvoF6EyigrQ explains how Australian policies are designed for house prices to always rise.
    1
  4492. Cheers @JoshWashington
    1
  4493. They might hoard wealth but they can't steal your happiness
    1
  4494. 😍😍😍@acecollo2022
    1
  4495. Thanks for sharing!
    1
  4496. They absolutely need to come down, but will the government and RBA continue trying to do everything they can to keep house prices ultra high? I feel they will try and keep kicking the can as far as they are able to
    1
  4497. Someone needs to have some balls!
    1
  4498. Bloody Greeks and all their olive oil!
    1
  4499. Will the US real estate market and stock market face a multi-decade bear market like what happened in Japan? The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market. https://youtu.be/jr1tf4s8Uz4
    1
  4500. There's been a massive decline in birth rates in developed nations so countries like Canada and Australia are increasing the population through record immigration.
    1
  4501. Thanks Freda.
    1
  4502. Thanks for sharing @grahamtaylor1384
    1
  4503. Keeps going up when it comes to Australian property
    1
  4504. Thanks so much @0_fxcksπŸ™β€οΈ
    1
  4505. How could you say that about the Spartans???
    1
  4506. So glad to have you watching @antl986
    1
  4507. That sounds bleakΒ @chrispekel5709Β 
    1
  4508. "not be happy" - I like thatΒ @ClovisPointΒ 
    1
  4509. Yeah, really sad that we're not prioritising a fair go for everyoneΒ @BH-ye3dfΒ 
    1
  4510. Β @andrews6617Β  Thanks so much for sharing
    1
  4511. πŸ‘£πŸ‘£πŸ‘£πŸ˜πŸ˜πŸ˜
    1
  4512. Thanks very much for sharing @HB-mr7xz!
    1
  4513. 😍😍😍 @Crogunson-wb2zl
    1
  4514. I'd just like to see wages grow faster than house prices for a number of years to improve affordability.
    1
  4515. Cheers @Hunter9012!
    1
  4516. Government interference is creating policies that overwhelmingly benefit the rich and those on high incomes.
    1
  4517. That's blasphemy talk - everyone is calling for lower rates now
    1
  4518. Absolutely @JacobinRobspierr, thanks for sharing
    1
  4519. Back to the era of lords and peasants?
    1
  4520. Very interesting times indeed. Thanks for sharing!
    1
  4521. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market. https://youtu.be/jr1tf4s8Uz4
    1
  4522. Yeah, it's so strange to here politicians complain about not enough supply when they're causing that through immigration on steroids.
    1
  4523. 😍😍😍 @Geekchess
    1
  4524. Thanks so much for sharing @Playboysmurf1
    1
  4525. πŸ™β€οΈ@adamhend3211
    1
  4526. Spot on @FreeAsABirdSydneyAustralia
    1
  4527. 😱😱😱@gregwooldridge8864
    1
  4528. Spot on @dnm9520 - this will really be the best indicator IMO.
    1
  4529. Silver could be about to blow
    1
  4530. πŸ˜‚πŸ˜‚πŸ˜‚
    1
  4531. Thanks so much for sharing your list Big N. All the best!
    1
  4532. Cheers @thomasc9370
    1
  4533. Thanks for the suggestion
    1
  4534. Yep, the housing cost disparity is unbelievable. In Sydney, the worst house still normally sells for over 1 million.
    1
  4535. Absolutely - Sadly that's where we seem to be headed.
    1
  4536. Cheers @MrClubSandwichπŸ™β€οΈ
    1
  4537. Thanks for sharing. What's your thoughts on the NZ housing market?
    1
  4538. Thanks for the suggestion @yillanayo7913
    1
  4539. Thanks for sharing @coreytrevor1311
    1
  4540. Maybe, but we'll already looking back and regretting which actions weren't taken earlier to address housing affordability, or why crazy policies during the pandemic resulted in a housing crisis,.
    1
  4541. It seems to be working
    1
  4542. CheersΒ @MrFanstar007Β  , I appreciate that!
    1
  4543. What's it like at the moment @HansumRob100?
    1
  4544. πŸ™β€οΈ @toolbox0001
    1
  4545. Well said @MrHarumakiSensei
    1
  4546. Then it would be even worse
    1
  4547. Dead right @hongchua2945 - that's created the greatest sure bet there is - Australian Property
    1
  4548. 😍😍😍@maxmiles7872
    1
  4549. I'm happy with that rule as long as houses are affordable for everyone. If they're not, how do non-homeowners get an equivalent ultra generous tax deduction like that - considering they may never be able to afford a home.
    1
  4550. Great video. Housing Affordability has deteriorated in Canada just like it has in Australia. In Australian capital cities, house prices are now 10x or more the average wage. This has increased from 3x the average wage in 1980. https://youtu.be/WX_qt9jp7zk
    1
  4551. 😍😍😍@marcellberto2538
    1
  4552. World sanctions against Russia could possibly strengthen their alliance with China, and this could end up backfiring. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
    1
  4553. Yes hard work should be rewarded, but getting into the housing market today is much harder than any other period. We can't blame young people for finding it hard to afford a home, when they've been handed skyrocketing cost of living combined with some of the most expensive housing in the entire world - especially if they won't be receiving support from parents.
    1
  4554. Love thisΒ @anonmouse15Β !
    1
  4555. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market IMO. https://youtu.be/jr1tf4s8Uz4
    1
  4556. Excellent insight @user-yl4st7wi5w - thanks for sharing!
    1
  4557. Cheers @arthurmarcel2137 πŸ™β€οΈ
    1
  4558. πŸ™β€οΈ @cameronscottlewis
    1
  4559. Thanks for engaging @debbieanne7962!
    1
  4560. Cheers @gregorysharpan7339 - and thanks for taking an interest in my clothing 😍😍😍
    1
  4561. Yep, next will be 50 year mortgage - they'll always find other ways to keep the debt ponzi going.
    1
  4562. Thanks for sharing @blobbblob
    1
  4563. Cheers @michaelbopper7399
    1
  4564. Cheers @pobblebonk3! Sadly, the government and RBA will do everything in their power to keep inflating house prices because Australia's economy is now reliant on high house prices - and renters just seem to be collateral damage (which is complete wrong IMO)
    1
  4565. Thanks so much @caughtkneehπŸ™β€οΈ
    1
  4566. 😍😍😍@tonymontana897
    1
  4567. It was normal for people to move out around 18 and they could still save up a home deposit. Now it's extemely difficult to buy your own home without help from parents. That's a betrayal IMO.
    1
  4568. 😍😍😍 @matthewthurn
    1
  4569. Cheers @notkevinkubusheskie3570 πŸ™β€οΈ
    1
  4570. Or investments contain significant risks that could result in great loss (like most investments). The trouble is, property investment has been close to a sure bet because the government and RBA take actions that create massive demand and inflate house prices
    1
  4571. Thanks so much @GoldCoastExplorer πŸ™β€οΈ
    1
  4572. "Affordable housing NOT nuclear subs" - I like the sentiment
    1
  4573. πŸ™β€οΈHope you get one @NathanOZlegend
    1
  4574. Agreed
    1
  4575. Which is why the keep the levels so high
    1
  4576. It's obviously not a real ponzi, but it resembles a ponzi in the fact that those who bought early are at the top (prior to 2000), and those buying into it later and getting worse and worse deals and those at the top are profiting the most.
    1
  4577. Cheers @banliveexport325
    1
  4578. Far out that really sucks @collector7993 and makes me sad how the housing crisis (created by government and central bank actions) is so negatively affecting people's lives. I wish you the best.
    1
  4579. Spot on @mikebuckley46!
    1
  4580. πŸ™β€οΈ @perfectstorm9259
    1
  4581. Wow, thanks so much @ossietrader1657 πŸ™β€οΈ
    1
  4582. Thanks for sharing @sylviam6535
    1
  4583. Thanks @thomasc9370 - but no politics for me
    1
  4584. "then the government should step away from the market and let the free market do its thing." - trouble is, housing is now too big to fail so will be propped up with every lever available.
    1
  4585. Hey @niceckberg7131, I appreciate all feedback so thanks heaps for taking the time to provide!
    1
  4586.  @markrowan8283  😍
    1
  4587. 😍😍😍@TomSmithers-v1j
    1
  4588. πŸ˜‚πŸ˜‚πŸ˜‚
    1
  4589. Thanks very much for sharing @fragglerock5696!
    1
  4590. Thanks so much for the support @murdoch690!
    1
  4591. I don't feel happy about itπŸ˜‚πŸ˜‚πŸ˜‚
    1
  4592. This is hating on landlords, it's saying that the policies that create massive speculative demand should be overhauled so first home buyers have a decent opportunity at home ownership.
    1
  4593. Yes, it's definitely not a good look to have multiple properties and failing to take any action to try and improve housing affordability.
    1
  4594. Agreed @keeganwrathmall, but if economic spending really started to reduce and unemployment started to surge, that's when this could turn negative quite quickly.
    1
  4595. Well, the FED blew the housing market up with ultra-low interest rates, and now they're going to do the opposite. Average mortgage rates have risen very sharply since the start of the year. With the prospect of several more interest rate rises this year (including some 50-basis point hikes), the housing bubble will well and truly burst IMO. https://youtu.be/gRM4IF6_D1k
    1
  4596. Cheers @br3030
    1
  4597. Thanks for watching!
    1
  4598. Cheers @MrMrmicah!
    1
  4599. Thanks for sharing @lukasvymetal2665
    1
  4600. Β @L9MN4sTCUkΒ  Good insight. That's probably why it's better to reduce housing demand now instead of continuing to pump house prices - and end up in a crash.
    1
  4601. No, because most property investors buy established houses which doesn't add any increased supply to the housing market. Therefore if a property investor sold to a first home buyer, it wouldn't make a difference because there is one less rental required for a household.
    1
  4602. Hey @deemad2180, renting at the moment but I've been fortunate to previously own a home.
    1
  4603. 😍😍😍@jamesandroid6892
    1
  4604. Yes, who can afford some of the rents in Sydney considering the house prices are astronomical?
    1
  4605. I've never said prices would actually fall or crash becuase there's so many factors out of mine and anyone else's control that impact on house prices. I've also done a number of videos on the housing ponzi and why prices always go up as well. And by going up I mean rise way faster than wages.
    1
  4606. 😍😍😍 @helen9722
    1
  4607. Cheers πŸ™β€οΈ @DJ99777
    1
  4608. They've created a massive wealth divide with those on the wrong side being totally screwed over
    1
  4609. True, but Sydney, Melbourne, Adelaide and Brisbane are all classed in the 19 least affordable cities in the developed world - according to http://www.demographia.com/dhi.pdf
    1
  4610. Maybe, there's many policies that impact on house prices which noone has any control over. However one thing I do know, if house prices keep rising faster than wages, we'll have some large societal issues on our hands
    1
  4611. Yes, especially in Victoria and prices there have risen way less than every other state.
    1
  4612. Cheers @dartharpy9404
    1
  4613. 😍😍😍 @stephenkereopa7495
    1
  4614. Yep
    1
  4615. That's a massive jump in interest payments - thanks for sharing and all the best @w.murphy5151
    1
  4616. Thanks so much @garyroach8624πŸ™β€οΈ
    1
  4617. Yeah, what I can't believe is that those trying to save for a home deposit still have to pay interest on any income earnt from their savings. Just makes the barrier to property ownership even harder.
    1
  4618. Absolutely, negative gearing on new constructions makes sense - but sadly the figures show it's being used on established housing in over 90% of claims.
    1
  4619. I like how you're thinking
    1
  4620. Yeah, it sure is going to be interesting
    1
  4621. Thanks so much @davido3395πŸ™β€οΈ
    1
  4622. 😍😍😍@ricardodelzealandia6290
    1
  4623. 😍😍😍 @instantusage
    1
  4624. 😍😍😍@darrenbeutel6849
    1
  4625. Cheers @markneilson1044πŸ™β€οΈ
    1
  4626. "cant keep bring people here if you dont have housing for them" - Exactly!
    1
  4627. Yeah, I agree that NZ still has ultra expensive housing and a terrible economy. The video is just pointing out that house prices have seen a significant decline where Australia hasn't.
    1
  4628. 😍😍😍 @julietnelson551
    1
  4629. "Australia used to MAKE things and SELL them to the world. Now our biggest industry is the FINANCIAL industry which makes NOTHING, but money for the BANKS !" - dead right @Billydevito
    1
  4630. πŸ™β€οΈ @tillybilly0
    1
  4631. That's really shocking @natejames9596 but thanks for sharing πŸ™β€οΈ
    1
  4632. Yep, Canada and Australia must push their house prices up at all costs - it's written into legislation
    1
  4633. Thanks for sharing @mattk-kf9fx
    1
  4634. 😱😱😱 @returningtoperfection
    1
  4635. Wow, thanks for sharingΒ @apieceOfeightΒ . How can policy makers just ignore this?
    1
  4636. You're right -why do you think that is?Β @jondoe5536Β 
    1
  4637. Sadly, it seems to be pointing that way
    1
  4638. Cheers @carolyngartner6865😍
    1
  4639. "doh, decrease immigration" - love this
    1
  4640. 😍😍😍@davidsigbin2269
    1
  4641. Hey thanks @lukegenesis. NZ has a much small economy than Australia and they don't make as much from natural resources. So maybe that causes more volatility over there, but overall I'm not sure.
    1
  4642. Thanks very much for sharing @bigbrother8495. Do you think NZ house prices will fall further?
    1
  4643. Very true Spacemonkeymojo. The trouble is, ultra generous housing tax deductions for property owners encourage people to treat housing as a wealth creation tool. If these policies were reformed, it would reduce overall demand which would be a good thing IMO.
    1
  4644. Absolutely!
    1
  4645. This is exactly right. Here's a few factors which might be the difference. New Zealand raised rates earlier and have gone a lot higher than Australia. Remember RBA forecast no rate rises until 2024. NZ have scrapped negative gearing and foreign ownership. They have boosted immigration but maybe not by as much as Australia. Their economy is quite weak in general. Policy makers over there have actually said they want more affordable housing. So quite a few differences which is why their house prices fell as they should have IMO.
    1
  4646. Β @craigduffield3963Β  Thanks for sharing!
    1
  4647. Thanks for sharing Generaldisorderly!
    1
  4648. Yep, that was the only real attempt to fix the speculative demand in housing
    1
  4649. Wow, great analogy @thekingspin9846
    1
  4650. Sorry bout dat. There always seems to be something like that.
    1
  4651. 😍😍😍@koolzdude
    1
  4652. "A deposit now is the entire price of a house only a few years ago." - spot on @kyms9390
    1
  4653. Cheers @melissapreiss8401!
    1
  4654. Yep!
    1
  4655. The fact that Australian house prices have been rising all year after the interest rate hike shows you how broken and speculative the housing market has become.
    1
  4656. Hey I really appreciate that @soniccynic4746!
    1
  4657. πŸ™β€οΈ
    1
  4658. Β @PaulDickson7Β  Spot on @PaulDickson7
    1
  4659. Quite amazing - but even more shocking is how far behind Australia is and everyone here is screaming for rate cuts.
    1
  4660. Thanks for sharing your insights @caveyful !
    1
  4661. 😍😍😍 @stevenmartin6271
    1
  4662. πŸ™β€οΈ@1legend517
    1
  4663. Thanks for sharing @phoneticau!
    1
  4664. πŸ™β€οΈ@margaretcampbell2681
    1
  4665. Noooooooooooooo
    1
  4666.  @wombatusmaximus1788  😍😍😍, that comment above was meant for something else so was just an accident. Dogs are the best. Do you have one?
    1
  4667. I'm assuming the printing of houses will become more commonplace in the future.
    1
  4668. πŸ™β€οΈ @davidw9325
    1
  4669. 😍😍😍@amac2612
    1
  4670. Great insights @zoezoe610, thanks for sharing
    1
  4671. Thanks so much @rosella3966!
    1
  4672. 2 more rate rises will have a massive impact
    1
  4673. Thanks so much @bradrice3798πŸ™β€οΈ
    1
  4674. 😍😍😍
    1
  4675. πŸ™β€οΈ@DavidHarrisonDGH
    1
  4676. Thanks for sharing @davidstevens5358
    1
  4677. Wow, thanks so much @ronniemowbray3796πŸ™β€οΈ
    1
  4678. Β @dougiep2769Β  I can't even imagine rates even going above 10% now because there's so much more debt (especially into property)
    1
  4679. YepΒ @pancake7289Β 
    1
  4680. Yep, the Australian housing market is the golden goose that's the closest thing to a sure bet - so predicting a fall is going to be wrong most times than not. However, I still feel like we could see declines in 2024 but policies play a massive part and I have absolutely no control over any of those.
    1
  4681. 😍😍😍 @melissapreiss8401
    1
  4682. Thanks very much for sharing @SimplePlansHub
    1
  4683. That's very interesting - thanks for sharing @addictiveaussie!
    1
  4684. Thanks for the suggestion @anthonyscully2998
    1
  4685. High levels of home ownership is a great goal to haveΒ @anthonyscully2998Β . Sadly, we seem to be going the other way ​
    1
  4686. You'd think so, but the Australian housing market seems to be unkillable - which has a lot to do with the government and RBA doing everything they can to always prop it up
    1
  4687. πŸ’―!!!
    1
  4688. Cheers @annonymous1273 πŸ™β€οΈ
    1
  4689. πŸ™β€οΈ @mikerowe3849
    1
  4690. What do you think will end up causing the collapse?
    1
  4691. Thanks so much @beamishjames πŸ™β€οΈ
    1
  4692. Very true - which is why house prices in Victoria have risen way less than other cities
    1
  4693. Matt Barrie's is one of Australia's most successful entrepreneurs and provides the same message.
    1
  4694. πŸ’―
    1
  4695. Great thoughts @paulstibilj3349. Thanks for sharing!
    1
  4696. That's unbelievable - thanks for sharing @7hilladelphia
    1
  4697. Great Scott πŸ’₯πŸ’₯πŸ’₯
    1
  4698. Thanks for sharing @wps1150
    1
  4699. Β @jamesbarlow4474Β  Yep, this is the reality unless you can live with your parents.
    1
  4700. Thanks for sharing @pauldiezel4584
    1
  4701. 😍 @lord_mex 
    1
  4702. Thanks so much @geoffreyfulton-ko1fuπŸ™β€οΈ
    1
  4703. It's bloody sad and not right if you ask me
    1
  4704. Thanks for sharing your thoughts Aaron. Totally agree that the housing market has major problems across the globe.
    1
  4705. Great pointsΒ @apieceOfeightΒ  !
    1
  4706. Thanks for sharingΒ @LibertyDownUnderΒ  - yes I agree that keeping ultra low interest rates has a very large effect
    1
  4707. Yep, decades of ignoring deteriorating housing affordability
    1
  4708. Yep, inequality growth, wealth gap growth
    1
  4709. Yeah, if house prices remain ultra high will only the already rich be able to keep accumulating and thus widen the wealth gap?
    1
  4710. Cheers @SpiritwalkerπŸ™β€οΈ
    1
  4711. Great clarification - Cheers PBMS123
    1
  4712. "it invests in immigration." Absolutely
    1
  4713. Is that true @ccpljager424
    1
  4714. Thanks for sharing @tronwars7130
    1
  4715. Wow, thanks so much @bksweet6331πŸ™β€οΈ
    1
  4716. Absolutely
    1
  4717. Cheers @C165095!
    1
  4718. Melbourne has become more affordable than Brisbane now as it didn't rise much during COVID
    1
  4719. πŸ™β€οΈ @col2959
    1
  4720. Thanks for the feedback Laky!
    1
  4721. Cheers @infiniteinspiration1628!
    1
  4722. Spot on Rodney. It's no surprise we've got one of the most expensive housing markets in the world when you look into government and RBA policies over the last 25 years.
    1
  4723. Cheers @edhutch8946
    1
  4724. Cheers @georgeg2369, nah I just studied general business.
    1
  4725. Cheers @leighcecil3322
    1
  4726. Something needs to change
    1
  4727. Cheers πŸ™β€οΈ
    1
  4728. I don't like that plan
    1
  4729. Thanks so much @theot58πŸ™β€οΈ
    1
  4730. "The housing market is a cocaine addict on a drug binge. Any sign of weakness (withdrawal) is jumped upon by governments with more drugs." - very accurate!
    1
  4731. 😍😍😍 @jezzaaaaaaaa7183
    1
  4732. Β @barryallen910Β  Agreed, but having safe and secure shelter is the bedrock of a thriving society.
    1
  4733. "The problem is stupidly low interest rates and wages for to long." - Agreed!
    1
  4734. Way overdue for one - but speculative demand is so crazy in this country it's hard to see that changing
    1
  4735. Everyone who bought back then are at the top of the Australian Housing Ponzi!
    1
  4736. Thanks so much @wabisabi3619 πŸ™β€οΈ
    1
  4737. I'm not sympathetic to any parties. I agree we should stop immigration and ban foreign ownership but also believe we need to overhaul tax concessions becuase property owners have a massive advantage over first home buyers at the moment.
    1
  4738. 😍😍😍@KingCarapace
    1
  4739. 😱😱😱 @adrianhetmanski1832
    1
  4740. Wow, thanks for sharing @crystalclear6661
    1
  4741. Or will they do everything in thier power to keep kicking ultra high house prices down the road?
    1
  4742. Well, the FED blew the housing market up with ultra-low interest rates, and now they're going to do the opposite. Average mortgage rates have risen very sharply since the start of the year. With the prospect of several more interest rate rises this year (including some 50-basis point hikes), the housing bubble will well and truly burst IMO. https://youtu.be/gRM4IF6_D1k
    1
  4743. Cheers B Sharma. Hope you're doing well.
    1
  4744. Thanks for sharing @terryp6396
    1
  4745. Cheers @victoriacorcoran1258, "I love Calamari and Greek Salad" 😍😍😍
    1
  4746. Always happy to help!
    1
  4747. How do renters win from policies that incentivise investors to buy multiple properties? This just creates additional speculative demand that puts upward pressure on house prices?
    1
  4748. Spot on @vfisher86
    1
  4749. Β @IamRenterΒ  I've been hearing more talk about it lately so I wouldn't rule it out. Look at what happened to Gamestop and AMC when people took action collectively. The same could occur with rents
    1
  4750. Love this @video3ish😍😍😍
    1
  4751. Spot on
    1
  4752. Spot on @NoName-qv8ko
    1
  4753. "Don't be stupid boy, never been seen this far south. Full steam ahead, we got a deadline to meet. Music 🎢 🎡 chairs πŸ’Ί" - 😍😍😍
    1
  4754. Β @ilikevinesΒ  Spot on
    1
  4755. Β @pacifiststormtrooper8839Β  Spot on
    1
  4756. Cheers lowtec1!
    1
  4757. Cheers @learningsfromgarden4669!
    1
  4758. πŸ™β€οΈ@Vicki_Aussie_Girl
    1
  4759. Great bloody idea
    1
  4760. Lucky for some (property owners) and extremely unlucky for others!Β @thekingspin9846Β 
    1
  4761. Β @proadlekopyΒ  Yep, let's give them decent opportunities to own their own home.
    1
  4762. Great insights @user-id8fx8zr1n - thanks for sharing!
    1
  4763. Not sure what you meanΒ @finn1951Β 
    1
  4764. Cheers @TheFfabinhoo
    1
  4765. When have I said I don't want Australians to buy houses? I want the rigged system to be fixed so as many Australians as possible can own their home. I want us to provide great opportunities for our young and future generations so they're not forever struggling just trying to organise shelter. That is my desire.
    1
  4766. Yeah, this BlackRock thing is a bit worrying.
    1
  4767. Spot on @mjb6446
    1
  4768. This is fire
    1
  4769. Yeah, housing will be very important to many voters
    1
  4770. Well, we blew the housing market up with ultra-low interest rates, and now we're going to do the opposite. Average mortgage rates are rising sharply with the prospect of several more interest rate rises in an attempt to curb inflation. As a result, the housing bubble will well and truly burst IMO. https://youtu.be/gRM4IF6_D1k
    1
  4771. Cheers @jonathansmith5305
    1
  4772. Wow, thanks so much for the support @ustwoustwoπŸ™β€οΈ
    1
  4773. Thanks so much @Tucker1796!
    1
  4774. 😍😍😍 @ewanjack8374
    1
  4775. "why on earth would the gov fix it when this is all happening by their design?" - Great bloody point @SootytheMagicalBear
    1
  4776. Thanks for the feedback @Kelthor85
    1
  4777. Agreed @damienthompson5808
    1
  4778. Thanks very much for sharing @ruiamaral7954.!
    1
  4779. πŸ™β€οΈ@peterbrooks1781
    1
  4780. Thanks for the insights @soma4u289!
    1
  4781. It's fine for house prices to up - but the rises should be closer to the growth of wages. That ensure future generations have a decent opportunity at property ownership. Now, if you're not going to receive a decent inheritance, you're starting from a massive disadvantage.
    1
  4782. Thanks for sharing @Zewestcoaster - both countries seem to follow the same policies and they both have some of the most expensive housing in the world.
    1
  4783. Will they crash it, or just keep prices higher and higher? If the strategy is "You'll own nothing, and be happy", I trying to work out what their strategy would be.
    1
  4784. Thanks so much @diylife1688πŸ™β€οΈ
    1
  4785. Yep, Uranium stocks got massively hammered after that. Is it their time to shine again?
    1
  4786. Cheers @shanerichardson3212!
    1
  4787. Australian, Japan, Germany, Norway. Canada requires a reasonable expectation of profit which waswouldn't be the case for most investment properties in Australia
    1
  4788. 😍😍😍@user-lh5kn8tv4f
    1
  4789. "Residential real estate should NEVER EVER be used as a way for investors to make a $@^%load of money at the expense of those wishing to buy a home in which to live." - spot on @addictiveaussie
    1
  4790. That's really shocking @alaricgoldkuhl155. Thanks very much for sharing and I wish you all the very best. πŸ™β€οΈ
    1
  4791. "Minsky Moment refers to the onset of a market collapse brought on by the reckless speculative activity that defines an unsustainable bullish period." - agreed @iainw5081, but when will it happen?
    1
  4792. Cheers @rc2276!
    1
  4793. Yes but they tell us inflation is dropping sharply
    1
  4794. Absolutely it wouldΒ @lock8433Β 
    1
  4795. Starting to fall again John Doe!
    1
  4796. "People are the collateral damage" - yes and the most affected seem to be renters @cind_errs
    1
  4797. 😍😍😍
    1
  4798. Hold an asset over 12 months and you only pay CGT on 50% of the capital gain. That means you pay less tax on the total gain than a wage owner pays on their income.
    1
  4799. Cheers @mbarber4089!
    1
  4800. 😍😍😍@fabuliciousrabbit7290
    1
  4801. πŸ™β€οΈ @AridersLifeYT
    1
  4802. Thanks so much @TheFfabinhoo
    1
  4803. Thanks so much @mariabardaje7907 . I really appreciate that πŸ™β€οΈ
    1
  4804. Cheers @Thunderlips2235πŸ™β€οΈ
    1
  4805. Β @antpooΒ  Crazy isn't it
    1
  4806. Β @davidbrayshaw3529Β  Yeah, there's plenty of people doing more than fine out there. I think we'd only see major selling if unemployment rises sharply, as the opposite looks to be occuring at the moment.
    1
  4807. Let's keep fighting for improvements to home ownership
    1
  4808. Thanks for sharing @burnzey1785!
    1
  4809. Yep, it's unkillable like John WickΒ @Flamindaemon89Β 
    1
  4810. 100%Β @mr-iz8cxΒ 
    1
  4811. Β @FunkteonΒ  Thanks for sharing. I don't think many people would like to be renting when vacancy rates have been destroyed like that have recently.
    1
  4812. I've also made videos about how the Australian housing market is a ponzi and why it always goes up: https://youtu.be/SLnCSyfgzko. In my opinion, we should have seen a significant decline from 2022 very similar to New Zealand. However, Australia went nuts of immigration and kept rates lower than most other countries. The reality is, no one can predict the market because there's so many policies that have an impact. Yes, house prices should rise over time but I would prefer they rose the same as wages, so affordability is maintained. However, because they've risen so far above wages, I'd now like to see a decline to allow more first home buyers into the market.
    1
  4813. Cheers @skinnytroopyπŸ™β€οΈ
    1
  4814. Thanks for sharing @AntiTheismForever
    1
  4815. Excellent post @aliciashepherd1805! Spot on, and that's if you're getting 70K net. A wage owner has to try and save for a house with after tax income, when principle home owners are making capital gains faster than wages - and they are completely tax free.
    1
  4816. Thanks so much @eternalnature1413!
    1
  4817. Because rents weren't reduced in the decade prior to COVID when the cash rate was taken below 1% (which was totally unnecessary but another lotto win for property owners). The entire Australian system is set up to benefit property owners.
    1
  4818. Cheers @maxmiles7872. Two people could be working full time at the exact same job. One of them is on easy street financially because they were able to buy property super cheat. The other is struggling because they're stuck in the rental crisis and can't afford to buy a home.
    1
  4819. Not other countries have experienced a real housing crash but not AustraliaΒ @australienski6687Β . Our housing market is the closest thing to a sure bet because the government and RBA will prop up the market at any sign of a crash.
    1
  4820. Excellent video that few people are talking about. Birth rates are at all time lows and way below replacement levels in many countries. As a result, global peak population will occur way earlier than expected and have a drastic effect on humanity. The result could be a never ending recession and the end of improving living standards. https://youtu.be/qeFIRYUwkZ0
    1
  4821. Thanks for sharing
    1
  4822. Β @davidhawkins4495Β  The 50% capital gains tax discount does apply to other assets like shares and ETFs.
    1
  4823. Β @flyingrc2041Β  So then we need to reduce demand
    1
  4824. Β @RK.7796Β  Nah, I'd say it's only been a ponzi scheme since after 2000 - that's when prices started massively outperforming wages
    1
  4825. Β @QuitchetQuitchetΒ  Yep, there's so much demand for property in Australia it's not funny. The only place demand has been significantly reduced is Melbourne and their house prices didn't rise nearly as much as other states.
    1
  4826. "prostitutes to the Property Market" - I love this
    1
  4827. Yeah, it's ridiculous that houses rise in value more than most people's full time earnings (and all the gain is either tax free or tax discounted). Where's the fair go for future generations having to buy into a ridiculously priced market?
    1
  4828. 😍😍😍 @jamdec123
    1
  4829.  @ICXCNIKA-conquerer  🀣🀣🀣
    1
  4830.  @ScottCampbell-fx1ic  🀣🀣🀣🀣
    1
  4831.  @ithinkurf  😱😱😱
    1
  4832.  @feral4mr2  🀣🀣🀣
    1
  4833. Spot on @Mickwa77 !
    1
  4834. A fall of 20%? that would be massive. It sure needs to fall. House prices in Sydney are out of this world ridiculous!
    1
  4835. Β @cwan2138Β  Agreed, Higher interest rates for a longer period of time could well make it happen. Let's see if the bubble bursts soon or somewhere down the track.
    1
  4836. Love it Ralph!
    1
  4837. They've done a disgraceful job - thanks @jameszbierski391
    1
  4838. Thanks so much @user-iq3ff3zs8u!
    1
  4839. Thanks for sharing @Ozee316. Do you think it will get worst or the worst may now be over?
    1
  4840. Β @robstrickland166Β  Thanks for sharing
    1
  4841. 😍😍😍 @justindressler5992
    1
  4842. It will be interesting to see how things go under the new government. Thanks for sharing @gregatkinson5929
    1
  4843. 😍😍😍@MentalLapse09
    1
  4844. πŸ˜‚πŸ˜‚πŸ˜‚
    1
  4845. Thanks so much @user-ln9vi8yr5e
    1
  4846. Yes, but should we force future generations to live in high rises and live like battery hens - just because we allowed housing affordability to be destroyed?
    1
  4847. Spot on @drez13
    1
  4848. Subscribe here for independent analysis and commentary: https://www.youtube.com/channel/UCchEyyGJSWsSTovTaB1aUuw
    1
  4849. In parksΒ @shaunaberdeen995Β ?
    1
  4850. Don't know if I'd say that
    1
  4851. Absolutely, it's a no brainer
    1
  4852. We do but they won't ever allow a real crash - they'llo push every lever at their disposal
    1
  4853. Thanks for sharing @kickinkanga7026
    1
  4854. 😍😍😍@mynameisrufusdude
    1
  4855. Spot on - thanks for sharing @jaidanielparker!
    1
  4856. From what I've heard, a lot of immigrants are happy to live in shared accommodation (e.g. 2 families in one house) until they can afford their own homes and then they just keep trying to buy more like everyone else in AustraliaΒ @thomasranjit7781Β 
    1
  4857. "For this to occur, serious political no-nonsense action needs to be taken immediately." - Absolutely - thanks for sharing @michaelwestacott7698
    1
  4858. Thanks for sharing
    1
  4859. I've had periods owning property and periods not owning property - so I have experience with how hard it is financially when you don't own property compared to the opposite.
    1
  4860. Wow, thanks so much @kyahblack3445 πŸ™β€οΈ
    1
  4861. Thanks for sharing. Terms like rigged and ponzi provide a reference for people to understand. Another word for rigged could be unfair. I believe our housing market is unfair for young people - especially those who won't receive a large inheritance from their parents.
    1
  4862. True, but property will be held in less hands and more Aussies will be locked out. When more and more are locked out of the housing market, that's when things will change
    1
  4863. 😍😍😍 @OneManBandNapier
    1
  4864. Cheers @vinhili886
    1
  4865. "What did people think over $20T pumped into the global economy in the space of 15 months was going to do?" - Spot on @addictiveaussie
    1
  4866. That's really shocking @mrthoms0n1 - thanks for sharing and all the best!
    1
  4867. But will they ever let it happen???Β @mohhingmanΒ 
    1
  4868. πŸ™β€οΈ @phph2261
    1
  4869. Cheers @TaxInvoice-qc2vc
    1
  4870. Just 30-40 years ago, pretty much everyone could afford their own home (even low income earners).
    1
  4871. Thanks for sharing @dibrentley7915
    1
  4872. Yep, future generations who won't receive a property inheritance are being betrayed
    1
  4873. I pray you get it@mohhingman πŸ™β€οΈ
    1
  4874. Cheers @ASoumakie!
    1
  4875. If the vacancy rate was higher, rents wouldn't be surging
    1
  4876. It's not the entire issue, but's it's definitely a factor because house prices have massively outperformed wages since 2000, and Australia's rises have been sharper than most other countries.
    1
  4877. 🀣🀣🀣 @parko471
    1
  4878. Thanks for the suggestion @sl2462
    1
  4879. Β @ronburgandy1475Β  Thanks for the feedback @ronburgandy1475
    1
  4880. Β @myeverythingworld8123Β  This is scary scenario but could happen
    1
  4881. Cheers @thekagifret!
    1
  4882. Absolutely!
    1
  4883. Maybe not the sole reason but definitely has had a large impact. Look at Japan who doesn't allow immigration and see how affordable property is over there.
    1
  4884. Yep, COVID policies were equivalent to handing a lotto win for every property owned.
    1
  4885. Thanks for sharing @queenbee4637. This is sad but I feel like these sorts of scenarios will start happening more and more
    1
  4886. Cheers @matthewallen1722
    1
  4887. However it isn't a mirage when the wealth gap between property owners and non property owners keeps widening
    1
  4888. It seems nothing can kill the Australian Housing Market
    1
  4889. Cheers @ewanjack8374
    1
  4890. Times have changed - negative gearing has to go
    1
  4891. Very accurate observation @mohhingman
    1
  4892. πŸ™β€οΈ@longw01
    1
  4893. 😱😱😱
    1
  4894. Cheers @melissapreiss8401
    1
  4895. Wow, thanks so much @helen9722😍😍😍
    1
  4896. Yeah spot on @anthonyscully2998 - an example might be Melbourne where house prices have not grown anywhere near like most other states
    1
  4897. Kicking the can down the road is a national sportΒ @citizengkar7824Β . Australia - the land of the never ending housing boom - where you're supposed to over-leverage because property is the closest thing to a sure bet.
    1
  4898. Spot on @FreedomPhilosophyTV. I wonder if this will change now that more and more people are unable to afford a home.
    1
  4899. Cheers @peterenglezos2880 😍😍😍
    1
  4900. Thanks so much @ankursahu5193
    1
  4901. Cheers @jeffstorer
    1
  4902. Wow, thanks so much @topV85πŸ™β€οΈ
    1
  4903. Great video. I agree, you would be much better waiting for the speculative froth to exit the market, which should be soon considering interest rates are now on the rise. https://youtu.be/olsAKGiemT4
    1
  4904. .
    1
  4905. 😍😍😍 @user-cr3fc8or6o
    1
  4906. Hey @simonphipps2741. It's been an unbelievably difficult time to be trying to buy a home so don't be hard on yourself. I don't think anyone knows for sure exactly what will happen. At least in New Zealand prices have fallen a decent amount from their peak. In Australia, they've hardly fallen.
    1
  4907. Cheers @michaellucas4873 πŸ™β€οΈ
    1
  4908. This seems to be the approach sadly
    1
  4909. Thanks for sharing @slidingdoor9055
    1
  4910. Agreed @alexyowie536. I still can't fathom how the cash rate was reduced to 0.75% prior to COVID. You would think this rate would only ever be used in the most dire of circumstances. Hey thanks for engaging!
    1
  4911. Cheers @gordondkrbavac6861
    1
  4912. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market IMO. https://youtu.be/jr1tf4s8Uz4
    1
  4913. 🀣🀣🀣 @Robert-xs2mv
    1
  4914. Cheers @cranny1321😍😍😍
    1
  4915. True story?
    1
  4916. Hey , thanks for sharingΒ @snafu22Β ! When the pollies start selling their properties, that's when we'll know there's a crash coming!
    1
  4917. No way - I'm hanging on for dear life @Professor__S😍😍😍
    1
  4918. It's definitely played a major factor. Japan which doesn't allow any immigration (and has declining birth rate), has extremely affordable housing.
    1
  4919. Banning foreign ownership and scrapping negative gearing would be an excellent start!
    1
  4920. Excellent point @MarcoSalieri-ck2gc
    1
  4921. Cheers @shanerichardson3212
    1
  4922. I'd love to see negative gearing only allowed on new properties. This would improve supply and remove some of the speculative demand for existing properties.
    1
  4923. Spot on @ArcanusMC
    1
  4924. That could happen, but government and RBA has proven they'll prop up housing as their first priority
    1
  4925. Trouble is, the government and RBA keep bailing out over-leveraged property buyers so there's never any consequences or real riskΒ @McShakerMakerΒ 
    1
  4926. 😍😍😍 @grahamdelacey5779
    1
  4927. πŸ™β€οΈ @binnahboo5977
    1
  4928. Thanks so much @anthonymoore7586 πŸ™β€οΈ
    1
  4929. Thanks for sharing. Trouble is, the housing market has never been more expensive and has reached the point where hard working Australians and Canadians can no longer afford to buy their own home (which many people have told me and this is a tragedy IMO). I don't know Canada as much, but Australia has never even experienced a real housing crash, and government policies create so much demand the house prices keep rising massively faster than wages.
    1
  4930. Cheers!
    1
  4931. 😍😍😍 @MargaretCampbell583
    1
  4932. "By the way many people over 30 are screwed too, lose your job, a major illness, separation/divorce and any numerous other life altering events can see you on the street." - spot on @PD-fc3og. In the past, it was easier to quickly bounce back from a major setback.
    1
  4933. Β @ngson2000Β  It will definitely help remove some of the speculative demand which would be a good thing IMO.
    1
  4934. It's definitely had a large impact. How on earth was the cash rate in Australia below 1% prior to COVID. That's insane.
    1
  4935. πŸ™β€οΈ @domenicruberto608
    1
  4936. Yeah, I was going to say except Australian Housing
    1
  4937. Thanks so much @nigelmaund9057
    1
  4938. Thanks πŸ™β€οΈ @johnperry7534
    1
  4939. This is very true. The Fed is trapped. It can either let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market in my opinion. https://youtu.be/jr1tf4s8Uz4
    1
  4940. Australia's rental vacancy rate is around 1.1% which is one of the worst in the entire developed world. A healthy vacancy rate is around 3%. It's great you found a rental quickly but many people are still struggling.
    1
  4941. Thanks for the feedback Remi.
    1
  4942. Cheers @Spacemonkeymojo!
    1
  4943. Thanks so much @roymiller591!
    1
  4944. Cheers @jakejakejakejakejakejake!
    1
  4945. Great point @crypnosis9871
    1
  4946. This is precisely the problem - property has risen way faster than wages and provide more generous tax deductions. So many young people will start to question why they bother working when property owners earn more than them for doing nothing - excellent insight!
    1
  4947. Under 100K is unbelievable when I think about most place in AustraliaΒ @scottfree993Β 
    1
  4948. πŸ™β€οΈ @fossilfuelenthusiast
    1
  4949. "People will cry and gnash their teeth if house prices crash. It’s the right of every Aussie house owner to make money by doing nothing" - so true @kdegraa
    1
  4950. Cheers @DaveRachman πŸ™β€οΈ
    1
  4951. "it's not an if it's a when." - things are going to get bumpy!
    1
  4952. Thanks so much @nigelmaund9057πŸ™β€οΈ
    1
  4953. Thnaks for sharingΒ @HaitchDoubleUΒ  !
    1
  4954. Cheers @tuanaut !
    1
  4955. Thanks for sharing @user-mw4go7ez9t
    1
  4956. Thanks @melissapreiss8401!
    1
  4957. Yep, we got a lot of the yellow stuff
    1
  4958. Great to hear from you @soma4u289!
    1
  4959. 😍😍😍
    1
  4960. 😍😍😍 @rayjames9835
    1
  4961. πŸ˜‚πŸ˜‚πŸ˜‚πŸ’₯πŸ’₯πŸ’₯
    1
  4962. Wow, thanks for sharing @nielschubert9197
    1
  4963. 😍😍😍@Kawasaki1-m4l
    1
  4964. πŸ™β€οΈ@gallicchieftain7562
    1
  4965. yes, that's the kicker
    1
  4966. Thanks for sharing @wildcat1419!
    1
  4967. Thanks for the feedback
    1
  4968. Thanks @thomas100c!
    1
  4969. Massive conflict of interest
    1
  4970. 😍😍😍 @grahamdelacey5779
    1
  4971. Absolutely crazy - this is what's affecting millions of people right now
    1
  4972. Cheers Yalooga.
    1
  4973. Cheers @overdriveoutershaxson1837
    1
  4974. It may not change, but we're heading down a very bad road for society if that's the case
    1
  4975. The speculative froth is finally starting to exit the housing market in many places. As a result, we could see 5-10% falls. Add in aggressive interest rate rises, and house prices could fall significantly or even crash. https://youtu.be/GToEspE12D0
    1
  4976. In many European countries, many people are happy to rent for life because they have supportive renter policies
    1
  4977. That's interesting Luke. When do you think they'll start raising interest rates?
    1
  4978. Negative gearing should be only allowed on new builds create brand new supply IMO. By scrapping it for everything else, I don't believe it will increase rents - but rather it will reduce speculative demand from investors as they won't be able to buy as many investment properties.
    1
  4979. πŸ™β€οΈπŸ˜ @kimeccleston5586
    1
  4980. 😍😍😍@Jojoxxr
    1
  4981. Australia's birth rate is declining yet our population is soaring. Not the best thing when we have a current housing crisis.
    1
  4982. 😍😍😍@auskilluminati333
    1
  4983. Hi @historicaustralia, I used to get heaps of comments about my voice so I worked on it a bit. Of course I still get comments but not so many! Thanks so much for watchingπŸ™β€οΈ
    1
  4984. Thanks so much @philiptrevor6051 πŸ™β€οΈ
    1
  4985. "A Government serious about reigning in house prices would cut immigration & migrant student numbers to give Australians who are already Living here any chance to get into the housing market." spot on @charlessupplice6981
    1
  4986. Yep, it's only high house prices that are keeping Australia's economy strong - imagine if that wasn't the case
    1
  4987. Cheers thekagifret!
    1
  4988. It's sad how they grossly inflated house prices but aren't willing to take action to try and fix it
    1
  4989. "Well, can see it's already hurting the elites when you see mainstream news are not happy with RBA." - love this insight
    1
  4990. But what if they're "not happy" when they own nothing?
    1
  4991. Yep, and it's crazy they're persisting with those levels when we're in the middle of a crisis.
    1
  4992. and then the stars
    1
  4993. Who's talking about socialism. Every country has different housing policies and I'm suggesting our policies should change so they don't incentivise speculation into property
    1
  4994. Β @dusansojak3457Β  Yes I believe in hard work, but if you're parents don't own property, you're financially handicapped - and all the hard work won't compare financially to a family with a large property portfolio. That's what I don't like.
    1
  4995. Cheers @C165095πŸ™β€οΈ
    1
  4996. Yes, the classic avo and toast and too many coffees argument
    1
  4997. I think gold and precious metals might be commencing a multi-year boom period. https://youtu.be/cGdOVkT-wes
    1
  4998. Even if house prices fell 20%, they'd still be up by a huge amount since COVID in most cities. I would much prefer more affordable housing for all Australians then a 2 tier economy that overwhelmingly benefits property owners.
    1
  4999. πŸ™β€οΈ @hollysmith1347
    1
  5000. Japan has millions of empty properties because they have a declining birth rate and don't have any immigration. As a result, their house prices have remained subdued since the late 1980s bubble.
    1
  5001. Thanks for sharing Thalminator. When it's already so hard for young people to buy a house, HECS just makes it way harder
    1
  5002. Cheers @JohnMadden-o4n πŸ™β€οΈ
    1
  5003. Yeah, that happens with my videos a fair bit due to property key words being picked up for advertising.
    1
  5004. Thanks for sharing Slim. All the best!
    1
  5005. "Free the Australian housing market of all subsidies and tax breaks and make it a free market for Australians only" - love this @jubbafrubby4561
    1
  5006. Yep, COVID seemed to be an exercise to make the rich richerΒ @kcc879Β 
    1
  5007. "or at least watch their property portfolios skyrocket like slumlord millionaires." love this
    1
  5008. Absolutely 100% correct. When you don't have any real risk for multiiple decades, speculation goes through the roof which is what we have today.
    1
  5009. Yes I have a feeling something like this could happen @gregfraser8784
    1
  5010. Thanks for sharing @woodliceworm4565!
    1
  5011. Thanks for sharing @Peter-kk6rg
    1
  5012. Thanks for sharing your thoughts @leonie563
    1
  5013. 😍😍😍 @leonie563 
    1
  5014. Thanks so much @Mick_UnfilteredπŸ™β€οΈ
    1
  5015. Great video. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market IMO. https://youtu.be/jr1tf4s8Uz4
    1
  5016. Thanks so much @paigesta πŸ™β€οΈ
    1
  5017. Cheers @cranny1321πŸ™β€οΈ
    1
  5018. Yes, sadly it seems to be headed in that direction
    1
  5019. Thanks for sharing @nickpower-fj9bu
    1
  5020. Thanks for the support @lukemullineux!
    1
  5021. "dofuss" - love it
    1
  5022. 🀣🀣🀣 @jric5097
    1
  5023. Thanks for the tip James Leo.
    1
  5024. 😍😍😍 @KingPrince2632
    1
  5025. Cheers @deepbatra106πŸ™β€οΈ- thanks for sharing
    1
  5026. 😍😍😍 @MargaretCampbell583
    1
  5027. 😍😍😍 @nickk5009
    1
  5028. Thanks Chrissy. All the best!πŸ™β€
    1
  5029. Β @davidbrayshaw3529Β  Thanks for sharing. I agree about all the areas that do well from real estate. Income wise, being a landlord is not great. But capital appreciation wise it's been incredibly lucrative for the past 25 years - because house prices have risen so much faster than wages. That's one of the main reason for the property obsession in this country - becuase it's provided the best low risk capital growth (even if it's just from your principal place of residence).
    1
  5030. It's not everything but it definitely has a large impact - when you have more people competing for housing it creates additional demand.
    1
  5031. 😍😍😍
    1
  5032. Quite shocking isn't it
    1
  5033. That's gold! - thanks for the support @mkuc6951😍
    1
  5034. Great insight @TheNanoNinja. Japan lack of immigration has had a huge effect on their house prices - especially considering their birth rate is one of the lowest in the world.
    1
  5035. "Australia's problem is ultimately a failure of both the Liberal and Labor parties for not addressing housing supply. " AbsolutelyΒ @HyperIndianΒ 
    1
  5036. Thanks so much @damnationswarhead8005
    1
  5037. πŸ™β€οΈ@3john3-dy9qm
    1
  5038. Cheers @surferrosa1104!
    1
  5039. Thanks for sharing @joebloggs6131. I hope it works out very well for you!
    1
  5040. Or start approving 40 and 50 year mortgages so allow more people to bid up prices
    1
  5041. It's legislated in Australia that house prices aren't allowed to crash.
    1
  5042. Interesting thought @user-om5dh2ys1j - Thanks for sharing
    1
  5043. Yeah, I think it's picking up key words like housing
    1
  5044. Interest rates dropped to the floor and forecast no rate rises until 2024 - that combined with mass stimilus which found it's way into property
    1
  5045. Hi @macrick. I see that Singapore property is ultra expensive, but they have 90% of people who own their own home. Is this due to the 99 year leasehold the government provides to citizens?
    1
  5046. πŸ™β€οΈ
    1
  5047. At least drastically reduce it while we're in the middle of a crisis.
    1
  5048. Yes, that seems to be the way things are headed - or maybe more tiny type homes
    1
  5049. This would be very worrying if it eventuates
    1
  5050. Cheers @robb5642
    1
  5051. 😍😍😍 @jimmybridges4774
    1
  5052. If we do see higher and higher interest rates, there will be calamity. Thanks for sharing your thoughts!
    1
  5053. 😍😍😍@Felix-s9z7i
    1
  5054. G'day πŸ‘‹@jetplane10
    1
  5055. It's crazy the amount of artificial inflation of property prices
    1
  5056. Great insight @ExpensivePizza
    1
  5057. Cheers @Ahmedali-xq3ye!
    1
  5058. Help us Filoni & Favreau, you're our only hope!
    1
  5059. Cheers @jeffreylu3626
    1
  5060. Cheers @oasis042
    1
  5061. Or maybe I'm someone trying to get attention for the Aussies being screwed over by a broken and unfair system - including future generations
    1
  5062. and yet we have the 2nd most expensive housing in the world - behind Hong Kong
    1
  5063. Agreed @pholliez!
    1
  5064. Β @ashleythorei4494Β  Exactly!
    1
  5065. Pollies tend to own lots of properties because their income is normally well above the average (so they tend to park a lot of money into property).
    1
  5066. If you hold the property over 1 year, you only pay capital gains tax on 50% of the profit.
    1
  5067. Too many people getting rich off the poor - spot on @elizabethclark8552
    1
  5068. Β @libatalklieb5793Β  I think you can do that as long as you meet certain criteria
    1
  5069. Let's hope it doesn't come to that
    1
  5070. Thanks for sharing Soma4u 2. Actions over the next several months will give us a good indication of the state of the housing market.
    1
  5071. Β @jomigregory7253Β  Yes, it's strange how they're very little uproar about what's happened and is still happening.
    1
  5072. Thanks for your thoughts @12tuomasta!
    1
  5073. 😍😍😍 @Jyesus
    1
  5074. 😍😍😍@jessyjay8051
    1
  5075. Thanks for sharing @toolbox0001
    1
  5076. But what about someone who can't afford their own property - why can't they invest in something and not pay any capital gains tax?
    1
  5077. Thanks so much for sharing Gary!
    1
  5078. So 15,000 subscribers x an average house prices of 800K, I'll need a lot of cash!!!
    1
  5079. Thanks so much @asette7466
    1
  5080. Thanks so much @fritula6200
    1
  5081. Great insight
    1
  5082. It would definitely help to reduce overall demand which is a positive imo
    1
  5083. πŸ™β€οΈ @blockchainbiz1
    1
  5084. Hey, I don't have anything against property owners as I would love to see way more Australians own their own property. I also don't have anything against people who have multiple properties because why wouldn't you if you could. I'm just against the policies that have created ridiculous speculation into the housing market while so many Australian are now frozen out of the market completely. That's why many of my video themes are similar because I've experienced both sides of the fence and I understand the shocking predicament for renters today.
    1
  5085. Great point!
    1
  5086. Β @Yolo942Β  Yep, totaly agree. It creates inequity of wealth and inequity of opportunity but allowing house prices to rise so much faster than wages.
    1
  5087. Great summary, thanks @phillipmcintosh6489 !
    1
  5088. Yep, if you sell your principle place of residence it's tax free - which means the house you live in.
    1
  5089. πŸ™β€οΈ @alanwalker359
    1
  5090. Absolutely JC Bull. Cheer mate!
    1
  5091. 😍😍😍
    1
  5092. Cheers @farqueu - You're dead right!
    1
  5093. It's been volatile Freda, but has a lot of positive factors behind it in my opinion.
    1
  5094. Incredible - thanks for sharing!
    1
  5095. Almost every country in the developed world has a birth rate that's lower than death rate. The only reason population is growing in these countries is due to immigration. If there was no immigration, Australian's population would be declining.
    1
  5096. The only reason populations are growing in developed countries is due to immigration. Birth rates are below population replacement levels.
    1
  5097. πŸ™β€οΈ@Cruelaid
    1
  5098. Spot on @philmcgriskin1706 - thanks for sharing
    1
  5099. Great insights - thanks for sharing @petercassimatis9157!
    1
  5100. What's the conditions like there @AussieVet ?
    1
  5101. 😍😍😍 @michaelsaint9181. Pity I don't have much hair left!
    1
  5102. 😍😍😍 @mattedwards1880
    1
  5103. Seems feasible
    1
  5104. Β @lordbuckethead2022Β  It absolutely needs to happen but government and RBA policy is all set up to keep house prices ultra high. Something eventually has to give.
    1
  5105. Thanks @matthewsandford4813. Sh#t is getting real
    1
  5106. Cheers @melissapreiss8401
    1
  5107. Cheers @philsummers579 !
    1
  5108. All parties should care that much because it's affecting so many lives
    1
  5109. Yeah I saw that @toolbox0001 - will be interesting to see what happens with housing in NZ
    1
  5110. πŸ™β€οΈ@johnsmith-do7fv
    1
  5111. Cooked like a lamb?
    1
  5112. 😍😍😍 @stephenhall1438
    1
  5113. Absolutely
    1
  5114. Wow, that just sounds like a fairytale these days
    1
  5115. I don't blame anyone for using the policies available to them.
    1
  5116. Thanks for sharing @nomanshigh3058
    1
  5117. Cheers @rayjames9835 !
    1
  5118. Thanks so much @markwilliams4362
    1
  5119. Wow, thanks so much for sharing you current experience as a builder @julietnelson551
    1
  5120. πŸ™β€οΈ@arnobertogna4718
    1
  5121. Yes, and that's part of the reasons why Melbourne house prices have hardly risen compared to every other city. https://youtu.be/RarJZKX5kkk
    1
  5122. It's even worse if you don't own any properties
    1
  5123. Cheers @wasntme123 πŸ™β€οΈ
    1
  5124. In China, it's around 12x the average income but in Hong Kong it's higher. https://drpress.org/ojs/index.php/HBEM/article/view/16612/16130#:~:text=The%20average%20house%20price%20to,lower%20than%20that%20in%202021. In Australia, it's around 9x which is why we're classed as the 2nd most expensive housing market in the world https://www.domain.com.au/advice/how-the-property-market-has-changed-for-first-home-buyers-in-the-last-30-years-1248851/#:~:text=According%20to%20the%20Domain%20House,the%20price%20of%20a%20house.
    1
  5125. Β @Jean-nr5chΒ  That would be sad IMO
    1
  5126. Overhauling tax concessions in not socialist, especially considering nearly every other country in the world doesn't allow negative gearing in the form Australia does.
    1
  5127. So disgraceful what's they've allowed it to become. Thanks for sharing @dannymars!
    1
  5128. That would make a lot of bloody sense.
    1
  5129. @InfinityIsland2203 Don't give me a big head 😍😍😍
    1
  5130. Cheers @azzureone78
    1
  5131. Thanks for sharing @tangledtangles1384
    1
  5132. Thanks for the suggestion @adamrichardson3057
    1
  5133. Excellent insights Cind Ers. Thanks for sharing!
    1
  5134. 😍😍😍 @caldogz90
    1
  5135. Totally understandable @ibidiby1. Thanks for subbing in the first place!
    1
  5136. Thanks so muchΒ @hughmorris3359Β  πŸ˜πŸ˜πŸ˜„
    1
  5137. Most of the Globe seem to be in a housing bubble induced by super low interest rates, massive stimulus and increased demand due to the effects of COVID. Is the bubble going to pop and result in a crash? There's are lot of factors on the horizon that could cause the housing bubble to finally burst. https://youtu.be/9iDiadbrksQ
    1
  5138. World sanctions against Russia could possibly strengthen their alliance with China, and this could end up backfiring. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
    1
  5139. Good point @Neosin1 - and in the future most people will only be able to afford a unit
    1
  5140. Wouldn't that be something
    1
  5141. Yep, NZ has been the same but I do think they've been a bit more aggressive to try and improve housing affordability whereas Australia has really done nothing.
    1
  5142. Wow, thanks so much @mrpolsco6872 πŸ™β€οΈ
    1
  5143. Β @ezza1236Β  I agree you have to do whatever you can, but pointing out how housing affordability is deteriorating year after year needs to happen more and more IMO. Real changes only occurs when people rise up and say something's unacceptable
    1
  5144. Cheers @johnperry7534, Sydney is insane!
    1
  5145. 😍😍😍@rajneelkaran8849
    1
  5146. Spot on @xcviij7045!
    1
  5147. Absolutely. Will anyone have the kahunas to take real action to improve housing affordability?
    1
  5148. My Grandparents are from Greece by my parents were born in Australia. So I see myself as an Aussie with Greek heritage
    1
  5149. Cheers @johnwhitehouse5337
    1
  5150. It's going to be interesting. I'm sure if property falls too much they will try and go back to QE - will they be able to though?
    1
  5151. Β @EllDayΒ  Crazy stuff. Thanks for sharing!
    1
  5152. Totally agree daryl. If you own a home, any gains are tax free. However, if you can't afford a home, you get no tax free deductions. So property owners get richer while you get poorer.
    1
  5153. Housing in Australia highlights disastrous policy failure IMO
    1
  5154. So you did well out of the system but have no empathy for the millions of Australians currently locked out of the housing market. I happen to care and wish for more and more Australians to be able to afford their own home.
    1
  5155. Β @edw9623Β  Is this a real thing?
    1
  5156. G'day Yalooga!!!
    1
  5157. Cheers @glsinsight
    1
  5158. 😍😍😍@angiebugeja6944
    1
  5159. Dead right @chriseveringham5013. Ever since house prices starting rising way above wages, housing affordability has been deteriorating - making it harder for each successive generation.
    1
  5160. πŸ™β€οΈ @stevenloynds3691
    1
  5161. Probably because 2 thirds of Australians own property - but 1 third is not a small amount - so I totally get your point.
    1
  5162. Thanks for sharing @muppetb.lansing8374
    1
  5163. Spot on @Chris-ei5fz - thanks for sharing!
    1
  5164. πŸ™β€οΈ @nwodestruction3903
    1
  5165. Yep, when we have a situation where hard working Australian can no longer afford a property, we've majestically screwed things up!
    1
  5166. Hi @uthriangod8747, I don't think I was speculative in the video. I presented the factors which I believe could see house price declines in 2024. In my opinion, the main factor which could see house prices crash would be if there was a sharp surge in unemployment - as presented in the video.
    1
  5167. Wow, thanks for sharing @kassrripples3659. All the best πŸ™β€οΈ
    1
  5168. Agreed, Rising unemployment will have a massive impact @umbro12
    1
  5169. Thanks for sharing @mrscreamer379 - I agree that UK housing is also ultra expensive. The figures I went through were prior to COVID so things have deteriorated greatly since then. The latest Demographia housing affordability report is here: http://www.demographia.com/dhi.pdf
    1
  5170. It would definitely help to reduce speculative demand which is what we need
    1
  5171. Why would rents skyrocket if over 90% of negative gearing claims are for existing property. If an investor doesn't buy a property, a first home buyer household will. That means 1 less rental required so there's been no change to supply/demand volumes.
    1
  5172. Thanks so much!
    1
  5173. πŸ™β€οΈ@senseiseagal1983
    1
  5174. Thanks so much for sharing your intel @zackp8201
    1
  5175. I blame the government and RBA policies that have turned housing into a speculative nightmare.
    1
  5176. Absolutely
    1
  5177. 😍😍😍@kanesmith9325
    1
  5178. Probably because I make too many mistakes if I just filmed all in one go. I don't follow a script so try and think what I'm going to say next. Thanks for watching!
    1
  5179. Absolutely @mariatriantafillou154, thanks!
    1
  5180. Sadly that's what historical experience would tell us
    1
  5181. Bubbles aren't allowed to pop in Australia. The largest decline of house prices the government and RBA will allow is 10%. After that, they will pull out all stops to prop up the market.
    1
  5182. All the best @sim007123πŸ™β€οΈ
    1
  5183. Exactly, which is precisely why they will use every lever they have to prop up the market.
    1
  5184. πŸ™β€οΈ@mrwolf750
    1
  5185. 😍😍😍 @masemase1931
    1
  5186. I like gold and silver, but you can't leverage into them like you can property.
    1
  5187. 😍😍😍 @jg5032
    1
  5188. You're right - whether house prices continue to rise and fall significantly, we're in trouble either way. That's how bad it's gotten.
    1
  5189. Not in Australia - they won't let it happen (unless there's no other choice)!
    1
  5190. Thanks for sharing @DavidHarrisonDGH
    1
  5191. 😍😍😍
    1
  5192. πŸ’―πŸ’―πŸ’―
    1
  5193. Absolutely @TURBOTRISTO
    1
  5194. Thanks heaps for the feedback Mahebourg1. Congrats on getting into WAF 4 years ago!
    1
  5195. Hey, thanks for the support @4ssiduous 😍😍😍
    1
  5196. Yeah, I think you might be right
    1
  5197. Yes but policies have turned properties into a wealth creating machine with very little risk. That needs to change IMO.
    1
  5198. Cheers @jonathansmith5305!
    1
  5199. Scrapping negative gearing obviously won't fix everything, but overhauling the policies which encourage speculation is one way to start reducing some demand. Another way would be reducing immigration. Another way would be banning foreign ownership. Housing affordability could definitely be improved if there was a genuine effort made.
    1
  5200. You're right - and it's very sad IMO.
    1
  5201. Cheers @leoscheifler 😍😍😍
    1
  5202. Β @amgis5218Β  Thanks for the suggestion!
    1
  5203. You're probably right about everyone having some biases but I honestly don't lean towards any party and am only trying to analyse them in relation to improving housing affordability - I'm basically ignoring everything else.
    1
  5204. Thanks for the feedback @Jadegreen77.
    1
  5205. Cheers @FollowTheSunAustralia
    1
  5206. The speculative froth is finally starting to exit the housing market in many places. As a result, we could see 5-10% falls. Add in aggressive interest rate rises, and house prices could fall significantly or even crash. https://youtu.be/GToEspE12D0
    1
  5207. Thanks so much @koolzdudeπŸ™β€οΈ
    1
  5208. This is sad but seems to be very true
    1
  5209. Thanks so much @lowtec1969 - I appreciate your support!
    1
  5210. This is a brilliant example of the deterioration of housing affordability @TheTestride. Thanks so much for sharing!
    1
  5211. Absolutely - at least significantly reduce it while we're in the middle of a housing crisis
    1
  5212. Who's the puppet master???
    1
  5213. I'm not salty and I don't blame anyone for using the system - I just like highlighting how the current system is not doing well for our society as a whole.
    1
  5214. πŸ™β€οΈ @eddiecola292
    1
  5215. "they" will be happy!!!
    1
  5216. I love it - but I would argue that yearly holidays is important to creating memories (as you don't have to spend a lot to have a great time).
    1
  5217. πŸ™β€οΈ @gregorysharpan7339
    1
  5218. Thanks @shyamchabra5355
    1
  5219. At least drastically reduce it.
    1
  5220. CheersΒ @lincolnscott3155Β !
    1
  5221. Thanks for sharing @chriseveringham5013
    1
  5222. Spot on @psanders4754. The current tax system overwhelmingly benefits property owners
    1
  5223. Thanks for sharing @buddyrojek9417
    1
  5224. I know, I'm just saying some property investors may have realised some gains which allows them to pay all cash
    1
  5225. Thanks so much for sharing @ryanpzy9336. I apologise that you've been handed such a basketcase of a housing market.
    1
  5226. Thanks very much for sharing dabin88. Do you think speculative demand will continue in New Zealand or will this downturn take out some of the excessive demand?
    1
  5227. Yes I think that's an accurate term for the Australian housing market
    1
  5228. 😍😍😍 @michellewilson1287
    1
  5229. 😠😠😠
    1
  5230. Cheers @jonathonharris8753!
    1
  5231. Cheers @benstips1101
    1
  5232. World sanctions against Russia could possibly strengthen their alliance with China, and this could end up backfiring. With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy off a cliff. Inflation is running hot; national debts are at all-time highs; and the stock market and real estate markets are showing signs of bubble type mania. Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflation. If this invasion causes inflation to get even hotter, then central banks may have to get more aggressive raising interest rates - and this could potentially crash the stock market and real estate markets. https://youtu.be/eQCpK7eDoSw
    1
  5233. SCAM alright
    1
  5234. I love the old speak
    1
  5235. I hear you, but plenty of people back then were able to buy in what we now call "expensive" areas - because back then they weren't expensive at all. My mum is exactly the same as in doesn't waste a single thing. She would even scrape the outside sauce off an oven dish with bread to make sure it didn't get wasted. My grandparents used to cut the mold off the bread and eat the rest. Thanks for sharing @adamwdotnet !
    1
  5236. Cheers @lllllukeify
    1
  5237. Thanks for engaging @gordonflash8976. I think having the PPOR tax free is a good idea when houses are affordable to all workers. However, when more and more people can't afford their own property, it adds to the policies that favour property owners and makes it harder for future generations (who won't inherit property) to ever get into the market. So I'm not saying to get rid of it, but I believe that taxation deductions for property need an overhaul (e.g. negative gearing and capital gains tax discount).
    1
  5238. Thanks very much for sharing @ironsword7
    1
  5239. Where do you think Crypto will end up John Doe?
    1
  5240. Hi Billy Bob, do you think Crypto will continue to shine or do you think the really big gains are over?
    1
  5241. Very strange isn't it
    1
  5242. Something has to collapse this Giant Australian Housing Ponzi! https://youtu.be/cwfVbTvFTDA
    1
  5243. Well said @WTF00007
    1
  5244. Trouble is, at the first sign of any trouble for the housing market, the government and RBA will pull out all stops to re-inflate things!
    1
  5245. Cheers @michaelgagen!
    1
  5246. Great point @harryh9391
    1
  5247. If you sell now you're bound to get a great deal because there's still a lot of demand out there.
    1
  5248. Where was the house that's gone down 5% @lukem2260?
    1
  5249. Yeah, but will population growth ease when they can just import more population???
    1
  5250. Thanks so much @AcademicAccount21 πŸ™β€οΈ
    1
  5251. 😱😱😱@shanerichardson3212
    1
  5252. 😍😍😍 @vaspats
    1
  5253. Way of life is collapsing for many people in Australia and Canada
    1
  5254. 😍😍😍@ozyrob1
    1
  5255. Yeah, it annoys me too!
    1
  5256. Absolutely needs to happen @palamj2
    1
  5257. Spot on @MrMoodyluke. It worked for a while because the majority of voters are property owners. However, now they've stuffed things up so bad there's no easy solution.
    1
  5258. Cheers @Paulroach6
    1
  5259. CPLie???
    1
  5260. Yes, the current path does seem unsustainable
    1
  5261. Thanks so much @suzimooreakathegadgetlady907 πŸ™β€οΈ
    1
  5262. Great point @dougiep2769
    1
  5263. That's the trouble, we've relied too much on property outperformance to stimulate the economy. This model is unsustainable as more and more people will be locked out of the housing market which will be negative for the economy.
    1
  5264. 😍😍😍@janetyee6727
    1
  5265. Wow, really appreciate the support @normalisoverrated 😍😍😍
    1
  5266. πŸ™β€οΈ@emp731
    1
  5267. I wan't even born in 2014πŸ˜‚
    1
  5268. 100%, both Australia and Canada have watched on while housing affordability has now deteriorated to ridiculous level - and speculation is now a way of lifeΒ @donaldcai82Β 
    1
  5269. Recent action would suggest no
    1
  5270. πŸ˜‚πŸ˜‚πŸ˜‚@zwarst
    1
  5271. and stop buying smashed avo???
    1
  5272. "The problem in australia is crony capitalism where top property owners bribe politicians (also property owners) to make policies to protect their investments and increase the prices of their properties." - very true @ss-th9pf
    1
  5273. πŸ™β€οΈ
    1
  5274. Thanks for sharing @gordonramsay1501
    1
  5275. πŸ™β€οΈ @peterforsyth962
    1
  5276. Yes, it's going to be very interesting if rates stay higher for longer than people expect
    1
  5277. Agreed @Patrick-bu5vy
    1
  5278. πŸ™β€οΈ @anthonymoloney3671
    1
  5279. Spot on @noramaddy4409
    1
  5280. Whatt are you noticing @Alex-it5ej?
    1
  5281. Hi Jasmin, they're already dropping in New Zealand and have completely slowed in most other areas from what I can tell. They will start to drop from now in my opinion just because of the fact that the crazy speculation has gone. As a result, there should be more normal negotiation between buyers and sellers. As to how much they decline I think is dependent on how high interest rates end up. If rates end up going quite high, house prices could fall significantly. Thanks for engaging and all the best!
    1
  5282. Thanks for the suggestion @vichetkim5533
    1
  5283. Thanks for all your engagement and insights Luke. I hope to continue to hear from you!
    1
  5284. Absolutely - when you pump up a market for 30 years it sends speculation into overdrive
    1
  5285. Many countries like Japan don't have any immigrationΒ @svenerikmoeller8809Β 
    1
  5286. 🀣🀣🀣 @fatwombat2611 - gotta get me a wig
    1
  5287. So the closest thing to a sure bet???
    1
  5288. 😍😍😍@KroniklyStoned
    1
  5289. Spot on, which is why the bigger the debt, the more you're making as the dollar value gets decimated
    1
  5290. Yeah I've heard a few people talk about that. Do you think it's a definite or the actual cycle could be more fluid?
    1
  5291. Thanks so much for sharing @abladerunner831
    1
  5292. It's unkillable like John Wick
    1
  5293. I'm not saying houses are going to crash - I'm saying the government has doubled down on propping up the housing market and will lead to a disaster whether housing prices ease or not.
    1
  5294. πŸ™β€οΈ @Vicki_Aussie_Girl
    1
  5295. It should be allowed to crash - but sadly government and RBA always come to the rescue
    1
  5296. πŸ™β€οΈ @PD-fc3og
    1
  5297. The trouble is, the only way a lot of young people will ever be able to afford a home is if there is a crash. We should have taken action to improve housing affordability way before the crisis we find ourselves in now.
    1
  5298. 😍😍😍@ewanjack8374
    1
  5299. Agreed - Shorten did his best attempt to correct the distortions in the housing market. I'm not picking on a political side when it comes to the housing market - there's just more content currently from the government in power.
    1
  5300. πŸ™β€οΈ @C165095
    1
  5301. That's really shocking @aussierose9015 - thanks for sharing πŸ™β€οΈ
    1
  5302. πŸ™β€οΈ@urbexindigo5164
    1
  5303. Not trying to @timm3639
    1
  5304. 🀣🀣🀣@themoxcast
    1
  5305. You don't think housing affordability is a problem in Australia?
    1
  5306. Always happy to receive requests for topics to cover @carrotcake6780.
    1
  5307. Yes, always has been - but that doesn't mean we shouldn't fight for better policies
    1
  5308. I'd say is unlikely because the government and RBA will do everything in their power to ensure house prices will never crashΒ @pandabearr90Β . Things that could cause an actual crash would be a sharp rise in unemployment or a true global recession IMO
    1
  5309. Cheers @sepic13
    1
  5310. "People who borrow beyond their means get tax breaks and I get tax takes?" this is so true @thomasc9370
    1
  5311. Yep, propery owners who bought before COVID won the lotto and non-property owners got royally screwed
    1
  5312. Thanks for sharing @OZprepper - all the best
    1
  5313. Wow, thanks so much @nigelmaund7664 πŸ™β€οΈ
    1
  5314. Excellent insights and proposals @HyperIndian. Thanks very much for sharing!
    1
  5315. Absolutely, who doesn't take immediate action when you're in the middle of a crisis???
    1
  5316. Wow, thanks for sharing @user-iv3qd9tz1n and all the bestπŸ™β€οΈ
    1
  5317. Spot on @CraigTheCrooner
    1
  5318. .
    1
  5319. Cheers @roamingalone5226
    1
  5320. "As long as the government controls the monetary policies as they do, they will do everything and anything to keep property prices up." - Spot on @ldandco
    1
  5321. Love it - thanks for sharing @glennturner4807
    1
  5322. 😍😍😍 @Yolo942
    1
  5323. True, but you're now paying for the land in capital cities - so it doesn't even matter what house is on the block - it will still sell for a fortune.
    1
  5324. Yes, global birth rates in most places are in free fall and it won't be too long before the global population peaks.
    1
  5325. And so quickly?
    1
  5326. Absolutely πŸ’―@Playboysmurf1. The entire economy is skewed towards property and those that benefit the most are the ones that bought when houses were only 3x the average income. Everyone buying after then is getting a slightly worse deal as house prices have risen so much faster than wages.
    1
  5327. It's very hard for the housing market to crash when the government and RBA go all in on supporting it. Trouble is, if house prices keep rising way faster than wages, we're headed for massive societal issues
    1
  5328. This makes no sense. If another investor buys your home, nothing changes. If a home owner buys it, there's one less rental required as they now own their own home. Buying and selling established houses makes no difference to overall supply.
    1
  5329. "@Albo, Why are you pouring petrol on the already exploding housing/rental crisis? with a flood of new citizens, when you cannot house those peoples already here?" - Great bloody question
    1
  5330. Cheers Yalooga. Hope you're well!
    1
  5331. Cheers @robb5642!
    1
  5332. Absolutely, why can't we vote on the things that affect us the most?
    1
  5333. This is truly sad @jesskaranne2646. I really pray things improve for you. πŸ™β€οΈ
    1
  5334. Yeah, that sounds about right. Even though we may not see a buyers market for some time, at least once the crazy speculation is gone then we'll start to see a more normal market where there's some negotiations between buyers and sellers. I don't like to see too much speculation on housing when there's so many people who don't own their own home (but would love to).
    1
  5335. 😍😍😍@tasmaniancaptain7768
    1
  5336. πŸ™β€οΈ @timcoppinger3373
    1
  5337. Cheers @bretthorwood9396
    1
  5338. Great thoughts @serena-yu. Thanks for sharing!
    1
  5339. Β @MrGareth777Β  Some would look at that and say it's being done on purpose.
    1
  5340. I think a lot of people would do this if that was their only option
    1
  5341. Thanks so much @nikolailakajev πŸ™β€οΈ
    1
  5342. Thanks for sharing @gregorysagegreene
    1
  5343. Thanks so much @johnbriggs2049 😍😍😍
    1
  5344. Thanks for sharing Zac!
    1
  5345. Didn't you see me go throught he house price charts in the video?
    1
  5346. But the Australian Housing Market is unkillable just like John Wick
    1
  5347. Seems to be heading towards some tipping point
    1
  5348. Cheers @ntino21
    1
  5349. Cheers @TheGradTeach - so many people have been negatively affected by long term and more recent policies
    1
  5350. Thanks for sharing @powertrip1050
    1
  5351. Do I need to speak faster?
    1
  5352. We should be seeing that now IMO - but mass migration is keeping demand super hot
    1
  5353. Yep, I've noticed the recent Uranium surge (especially with Uranium stocks going up very strongly). This could be he start of something big. When do you think Gold will break out above all time highs?
    1
  5354. Cheers @Yolo942. I love your Greek!
    1
  5355. Spot on @andretorben9995πŸ’―
    1
  5356. πŸ™β€οΈ@MAJOR_PICKLE
    1
  5357. πŸ™β€οΈ @davidmcclelland1260
    1
  5358. It's definitely a start
    1
  5359. Thanks for your thoughts @QueenieAlexander2000 !
    1
  5360. Sounds extremely reasonable
    1
  5361. 😍😍😍@antl986
    1
  5362. ❀❀❀ @becsterbrisbane6275 
    1
  5363. Thanks for sharing David.
    1
  5364. Thanks for sharing Andrew. It will be interesting to see how Gold goes over the next few years.
    1
  5365. " negative gearing offset should only be allowed on newly constructed housing not exisiting buildings, this will push investor to make new dwellings thus increasing supply " - Spot on @petere1060!
    1
  5366. 🀣🀣🀣 @InfinityIsland2203 
    1
  5367. Thanks very much for sharing those insights @caveyful!
    1
  5368. So very sad. Thanks for sharing @paul-57
    1
  5369. Thanks for sharing @serena-yu!
    1
  5370. Wow, thanks so much for watching from Paris @white364 πŸ™β€οΈ
    1
  5371. 😍😱 @Peekaboo-Kitty
    1
  5372. 😍😍😍@goofymcadams
    1
  5373. Thanks for sharing @paulf.5261 - renter have been royally screwed by recent policies
    1
  5374. Cheers @galaxyfarrahwayπŸ™β€οΈ
    1
  5375. The Fed is trapped. It can either let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market in my opinion. https://youtu.be/jr1tf4s8Uz4
    1
  5376. Cheers @lr5954
    1
  5377. Thanks for sharing @jeremiahbullfrog9996
    1
  5378. Do I talk too slow @16323070?
    1
  5379. We do need high interest rates to remove the crazy speculation, over-leverage etc. out of the housing market. And it needs to stay higher for longer so we remove this notion of housing being a sure bet to make massive capital gains.
    1
  5380. "it is now a historical fact that it is absolutely "BULLET PROOF" via government decree." - Spot on @TheTestride
    1
  5381. Did I pull it off??? @tonysamaha763
    1
  5382. Β @tonysamaha763Β  Cheers!
    1
  5383. It's really wrong what they've allowed to happen in countries like Australia, Canada and New Zealand
    1
  5384. 😱😱😱 @gr1mzamarr
    1
  5385. How do you think the end game will play out?
    1
  5386. Cheers @michaellucas4873
    1
  5387. Thanks for the correction @HighlanderGeoff! Do you know the origin of that saying?
    1
  5388. Cheers @cranny1321 πŸ™β€οΈ
    1
  5389. "Personally I think the governments secretly want to keep house prices high for a few reasons such as increased revenue from rates." - Agreed @jpscott126
    1
  5390. 😍😍😍 @taghiggins7387
    1
  5391. As long as there are new people to buy, the ponzi will continue. However, if housing really is a ponzi, then they all come to an end eventually.
    1
  5392. Thanks for sharing @paulmitchell6485
    1
  5393. πŸ˜‚πŸ˜‚πŸ˜‚
    1
  5394. 😍😍😍@GenuineAussieMongrel
    1
  5395. "They'll find a new boogie man that will give the government powers to take your property away from you" - yes I've thought that too @TaxEvasi0n
    1
  5396. Yes but countries like Australia and Canada are some of the worst when it comes to housing affordability
    1
  5397. 😍😍😍@bigrobnz
    1
  5398. Cheers @nigelmaund9057
    1
  5399. Thanks so much @dumbfoundedagain ! πŸ™β€οΈ
    1
  5400. You reckon they want to orchestrate a giant rug pull?
    1
  5401. I thought the ChatGPT response was actually quite good.
    1
  5402. 😍😍😍@PollyDollyBabe
    1
  5403. Thanks for sharing @simonc6328!
    1
  5404. Cheers @sadns2000! πŸ™β€οΈ
    1
  5405. Absolutely @aalassadi3844
    1
  5406. Interest rates got up to around 17% but it was much more manageable as house prices were 3x the average wage.
    1
  5407. Β @ReturnOfTheJ.D.Β  Great point!
    1
  5408. Thanks for sharing @rb26nate. What are you seeing at a local level?
    1
  5409. 😍😍😍@Pohara68
    1
  5410. 🀣🀣🀣
    1
  5411. That would be something else
    1
  5412. Got no idea @deezlilnuts because the government keeps propping up house prices. THey did it after the pandemic with ridiculous stimulus and ultra cheap debt - now they've done it again with record immigration.
    1
  5413. Landlords may be facing harder times but if they owned a property before COVID, they've been handed 30-50% capital gains in a few years due to COVID policies. That's a return most could only dream of.
    1
  5414. I definately believe you, but it is the case for a lot of peopleΒ @odinikita4821Β  . I'm all for investing - I'm just against policies that create ridiculous speculative demand for housing and block future generations from owning their own home.
    1
  5415. I've got nothing against landlords. I'm against housing policies that create ridiculous speculative demand which ends up blocking future generations from home ownership.
    1
  5416. Thanks Noobius
    1
  5417. Β @leechengtue400Β  cheers Lee. West African is extremely well managed in my opinion. I believe it will see new all time highs in the near future.
    1
  5418. Yeah, not sure what their intention is there but I hope either government seriously reduces immigration levels
    1
  5419. Thanks for sharingΒ @nitehawk9270Β 
    1
  5420. And I gotta listen to him all day 🀣🀣🀣
    1
  5421. Yes, there are a number of factors that add to overall demand for housing - and record immigration is certainly one of them. Β @canecorso8251Β 
    1
  5422. Thanks for sharing @yourone
    1
  5423. Absolutely @bl0r - but property owners love it because it inflates prices more
    1
  5424. Exactly, entire government departments are solely focused on forward planning for infrastructure and housing based on the predicted population.
    1
  5425. Very interesting insight. Thanks for sharing @bGzzzzz
    1
  5426. You're no loser @cryptoslacker-464πŸ™β€οΈ
    1
  5427. Cheers @TheSchmidtish!
    1
  5428. Cheers @jubbafrubby4561
    1
  5429. 😍😍😍@unitetheworld500
    1
  5430. You gotta watch the video to see which decision I believe created the current mess we're inΒ @ponzitizenΒ 
    1
  5431. You can claim the capital gains tax discount on the stock market as long as you've held the shares for over 12 months.
    1
  5432. Thanks for sharing your thoughts @fungooloo12!
    1
  5433. Thanks for the feedback @ozzyjohn1458
    1
  5434. You're right @mariag3605, but house prices there have fallen and haven't bounced back - whereas Australia dipped slightly but is now back to trading above all time highs.
    1
  5435. Yes but how far will they be able to kick the can down the road?
    1
  5436. Cheers πŸ™β€οΈ
    1
  5437. " for the mass of renters, they are the ones who gain NO THING AT ALL, financially. No subsidies. No tax benefits No tax or financial rebates . No capital growth. " - this is spot on @emgee691 - current housing policies provide a massive advantage to property owners and ignore renters in this country.
    1
  5438. Well it would explain why policies are being pushed which push citizens towards poverty
    1
  5439. Thanks for the feedback @danmosby7980 - I'll work on the voice but I'll keep "trying" to be funny as that's something I enjoy.
    1
  5440. So sad isn't it - we could have improved things for future generations but alas...
    1
  5441. πŸ™β€οΈ@elcaptitancivil2860
    1
  5442. Cheers @chrischen3109
    1
  5443. Thanks for the support @starbright1400
    1
  5444. πŸ™β€οΈπŸ™β€οΈπŸ™β€οΈ
    1
  5445. Absolutely
    1
  5446. Sadly, the entire system is rigged against renters @Flamamacue. If house prices grew at the same level as wages, then houses would remain affordable. Trouble is, they've risen many multiples more than wages so affordability has deteriorated drastically. I wish you all the best!
    1
  5447. Thanks for sharing Phaedrus Lykos. We've turned the housing market into a wealth creation tool and in doing so have pushed many people into poverty.
    1
  5448. Thanks so much @reemasarwal6115πŸ™β€οΈ
    1
  5449. Thanks for sharing
    1
  5450. Yep, international student demand is crazy
    1
  5451. 😱😱😱 @info88w11
    1
  5452. Not that there's anything wrong with that πŸ˜‚πŸ˜‚πŸ˜‚
    1
  5453. Because it's one of the biggest factors directly affecting people's lives right now
    1
  5454. Great question
    1
  5455. Great point @itsonlyafl3shwound
    1
  5456. Agreed @wabisabi3619. My video is not pointing blame at any party - I point out in the video that the Labor policies in 2016/2019 to overhaul housing tax deductions were the right thing to do. However, the basis of my video was due to resurfaced recording of Albo in 2016 arguing against investors being incentivised to buy additional properties when first home buyers are been frozen out of the market.
    1
  5457. Cheers @ustwoustwo
    1
  5458. Who ends up owning everything?
    1
  5459. Like keeping the tap on when the bath is full?
    1
  5460. We need to send a message somehow
    1
  5461. I still have hope - but I think we'll have to fight for it
    1
  5462. Thanks so much @C165095
    1
  5463. πŸ™β€οΈ@Stephan-h7t
    1
  5464. Hold an asset over 12 months and you only pay CGT on 50% of the capital gain. That means you pay less tax on that gain than a wage owner pays on their income.
    1
  5465. you got that right @mrmoneyhacks5480
    1
  5466. .
    1
  5467. Β Sargio FranciscoΒ  .
    1
  5468. Β @stevekim716Β  .
    1
  5469. Β @mateolorenzo3716Β  .
    1
  5470. Β NathanΒ  .
    1
  5471. Β NathanΒ  .
    1
  5472. Β @Money-pechu454Β  .
    1
  5473. Β @Money-pechu454Β  .
    1
  5474. Β Christine GaryΒ  .
    1
  5475. Β Sargio FranciscoΒ  .
    1
  5476. Β Christine GaryΒ  .
    1
  5477. It's like starting a game of monopoly when all the properties are already owned and have hotels on them
    1
  5478. Thanks so much @funmud._. The Canadian housing market seems just as screwed as Australia and it really is a travesty IMO.
    1
  5479. I wish you all the best with your YouTube channel. There's hundreds of thousands already on there encouraging people to buy bitcoin, and it's not really something I'm interested in. Plus, mass immigration has a very large impact on house and rent prices so I'll keep talking about. Supply and demand is the first rule of economics. If there was heaps of bitcoin supply and no demand, prices would crash. Lucky for bitcoin holders, there's still plenty of demand.
    1
  5480. Thanks so much @eternalnature1413!
    1
  5481. Thanks so much @user-ev7fk2us5o!
    1
  5482. πŸ™β€οΈ @realsatoshihashimoto
    1
  5483. What country would that be since myself and my parents were born in Australia? If we go back far enough, none of us are probably Australia unless we're from first nations peoples.
    1
  5484. CPLie???
    1
  5485. πŸ™β€οΈ @TaxInvoice-qc2vc
    1
  5486. Absolutely M Greenesco - and maybe the era of ultra low interests rates is now over?
    1
  5487. "It's all ludicrous, right down to the principle of it." Agreed @joebloggs6131
    1
  5488. Agreed. The FED blew the housing market up with ultra-low interest rates, and now they're going to do the opposite. Average mortgage rates have risen very sharply since the start of the year. With the prospect of several more interest rate rises this year (including some 50-basis point hikes), the housing bubble will well and truly burst IMO. https://youtu.be/gRM4IF6_D1k
    1
  5489. πŸ™β€οΈ @chrisg6091
    1
  5490. How do you think they might engineer people not owning anything?
    1
  5491. Yep, after Hong Kong they have the worst housing affordability in the world - and yet they both have some of the most land per person compared to every other country.
    1
  5492. A lot of other countries do
    1
  5493. Cheers @aperitifs πŸ™β€οΈ
    1
  5494. Well said @PD-fc3og
    1
  5495. Cheers @David-qz7fx
    1
  5496. What are you seeing @kellyjaykahuimcconnell2752?
    1
  5497. Wow, thanks so much for thatπŸ™β€οΈ
    1
  5498. Housing is gauranteed profits for the banks
    1
  5499. Thanks @edmundoconnell4663 πŸ™β€οΈ
    1
  5500. Thanks for watching the video Noobius.
    1
  5501. After my heart. I love it @melissapreiss8401!
    1
  5502. Cheers @chookie131
    1
  5503. Thanks for sharing @kensington3942. That's quite a bleak picture and extremely sad that you feel you will not own a house (and in my opinion that's not right). I wish you all the best.
    1
  5504. Thanks for sharing @Disillusioned2022. What's it like living in Vietnam?
    1
  5505. Thanks so much @chriskranz6488😍😍😍
    1
  5506. Good point @steveremington, but what if the major parties all buy into the philosophy of high house prices at all costs?
    1
  5507. πŸ™β€οΈ @madda0x
    1
  5508. Yes, it should be very interesting
    1
  5509. Cheers @neosniper2783!
    1
  5510. Wow, thanks for sharing @Calphurnia966πŸ™β€οΈ
    1
  5511. "I'm walking about everyday people who bought a property in the 90s and early 2000s - and are now multi-millionaires from doing practically nothing." - Spot on @LibertyDownUnder
    1
  5512. Cheers @sirdigbychicken-caesar5189
    1
  5513. "removing the artificial stimulants will cause a BIG fall in the property market, but then it will become a real market, that is fair to all, buyers and sellers." - absolutely agree @jubbafrubby456
    1
  5514. Cheers @nwodestruction3903!
    1
  5515. Or we could reduce the immigration levels?
    1
  5516. It's looking more and more likely that the bubble might burst. There's just so many factors on the horizon that could put negative pressure on housing. https://youtu.be/9iDiadbrksQ
    1
  5517. What are you noticing?
    1
  5518. That's how it should have always been - but central banks went on a rate cutting bender after the GFC
    1
  5519. Wow, thanks so much for sharing @bigrobnz. What's the area in New Zealand?
    1
  5520. So why aren't immigration levels being reduced to a level under the current supply?
    1
  5521. Thanks for sharing @crow0012, the site I shared may not have been the truest reflection
    1
  5522. Thanks for sharing @rayweh-bfa4966 πŸ™β€οΈ
    1
  5523. 😱😱😱@aron.gortman
    1
  5524. Thanks so much @afropoetπŸ™β€οΈ
    1
  5525. Spot on - the value of every dollar has been destroyed
    1
  5526. Cheers @josiemarsh7844πŸ™β€οΈ
    1
  5527. 😍😍😍@tallon5457
    1
  5528. Β @caveyfulΒ  Yep, that's why they call it selling your soul or something like that
    1
  5529. Wouldn't that provide immediate relief
    1
  5530. Great insights, thanks for sharing @Anon-fv9ee!
    1
  5531. Housing Affordability Is currently the worst it’s ever been, and newly released data reveals just how bad this Crisis has become. In many countries, house prices are greater than 10x the average household income. This means that even middle-income earners are struggling just to afford a home. If housing affordability continues to deteriorate at these levels, we could see a massive section of our community never able to realise home ownership, and this is a disaster IMO. https://youtu.be/9vcXdnjbMRs
    1
  5532. Cheers @jasvan4222
    1
  5533. Β @jondoe5536Β  Amazing - thanks for sharing!
    1
  5534. 😍😍😍@chrystale888
    1
  5535. Cheers @downundertruckerusa4733!
    1
  5536. I thought Canada temporarily banned foreign ownership???
    1
  5537. Thanks for sharing @Toggymok. Why do we allow foreign ownership to push up prices when locals can't even afford to buy their own home. Also, why are we running mass immigration levels when we're in the middle of a housing crisis? Doesn't make sense.
    1
  5538. I didn't know that has been increasing @kerryhayward9407 - but it makes sense. Thanks for sharing
    1
  5539. Thanks for sharing @LibertyDownUnder
    1
  5540. Yeah, I'm getting sick of it
    1
  5541. "that tells you everything about conditioning and the collective speculative insanity in straya" Absolutely @geoffvalero3516!
    1
  5542. Thanks for sharing @everyonrvknowj
    1
  5543. Thanks heaps TheObSeRvErTheObSeRv πŸ™β€οΈ
    1
  5544. Scrapping negative gearing obviously won't fix everything, but overhauling the policies which encourage speculation is one way to start reducing some demand. Another way would be reducing immigration. Another way would be banning foreign ownership. Housing affordability could definitely be improved if there was a genuine effort made.
    1
  5545. "When I was born in Australia a man could work a normal job buy a house and have a wife who didn't need to work and could raise the children." - absolutely @sticks2478, how things have changed
    1
  5546. Cheers @patana256 - When they run out of levers to pull, that's when things could collapse IMO
    1
  5547. It's absolutely nuts and all artificially inflated
    1
  5548. Thanks very much for sharing @user-lz1sw2rw4w. I don't think anyone dislikes Chinese or Indians. I think a lot of locals get resentful that the government allows wealthy people from overseas to buy property when that drives up the prices of houses and make it even more expensive for everyone else. All the best!
    1
  5549. Yes but the government and RBA will push that BS as far as they possibly can
    1
  5550. 😍😍😍 @SkeletorsSon
    1
  5551. Such a shocking situation you've been caught up in @user-iv3qd9tz1n. Thanks very much for sharing and I wish you all the very best!
    1
  5552. Thanks so much @TheBrudow πŸ™β€οΈ
    1
  5553. Thanks very much for sharing @Stevekirby-j8x
    1
  5554. Sadly, this is what could end up happening.
    1
  5555. Thanks for sharing - yes there is a lot involved in property investing. The main reason I believe property investors have won the lotto is because government and rba policies have created abnormal speculative demand for property for 25 years now. This has resulted in massive capital gains. But even better than that, there's very little risk of house prices declining as the government and rba have proved they will do anything to prop up housing if there is any risk of falls (i.e. pandemic policies). So you have an asset you can leverage to the hilt, gauranteed demand, and next to no risk of loss - sounds like the greatest investment ever.
    1
  5556. 😍😍😍@owenallen5828
    1
  5557. Yep, housing currently trades like a penny stock but without any of the risks.
    1
  5558. Yep, wealth divide seems to be growing, especially between property owners and non property ownersΒ @prancer4743Β 
    1
  5559. Overseas there are laws like that - not in Australia
    1
  5560. That's even better
    1
  5561. Cheers @markettrader7112
    1
  5562. Good point @johncitizen5377
    1
  5563. Sure did - that's what happens when the powers that be pump the housing ponzi with every lever at their disposal: https://youtu.be/SLnCSyfgzko
    1
  5564. Thanks for going through my videos - I'm happy with my analysis and commentary on the housing market as they presented my best views and thoughts at the time. One thing I didn't realise was just how dependent the economy is on rising house prices - and how far the government and RBA would go to ensure that happens.
    1
  5565. Wow, thanks for sharing the very real and difficult choicing you're going through @bigbrother8495. This seems to be happening to more and more people. I wish you all the best!
    1
  5566. 😍😍😍@gcc849
    1
  5567. Thanks so much for sharing @andrewwotherspoona5722. There's so many places around the world where you get so much more property value for your money compared to Australia
    1
  5568. Cheers @jeremychua76
    1
  5569. 😍😍😍@leonkent1365
    1
  5570. πŸ˜‚πŸ˜‚πŸ˜‚
    1
  5571. "Deep down they know it is inevitable that some reforms will take place" - absolutely agree @michaelwestacott7698
    1
  5572. Wow, thanks for sharing @tronwars7130. What's your experience been like buying a condo in Thailand?
    1
  5573. Wow, thanks for sharing @noself22
    1
  5574. Wow, thanks so much @diylife1688πŸ™β€οΈ
    1
  5575. and LOVEπŸ™β€οΈ
    1
  5576. Thanks for your support @lowtec1969 πŸ™β€οΈ
    1
  5577. 😱😱😱 @welcome9028
    1
  5578. Thanks for the support @arielbeninca3658😍😍😍
    1
  5579. Thanks for sharing @MaccaVBπŸ™β€οΈ
    1
  5580. Thanks for sharing @veritasliberabitvos454
    1
  5581. That's really sad and upsetting @kp8972. By failing to provide affordable housing, the country has failed IMO.
    1
  5582. Cheers @FeminismDebunked
    1
  5583. πŸ™β€οΈ
    1
  5584. That would be somethings else
    1
  5585. Cheers @Whereisshellymiscavige!
    1
  5586. Hey @divyumm, I was born in Australia and have a Greek heritage. Thanks for watching!
    1
  5587. The joke???
    1
  5588. I would like as many Australians as posisble to own their own homes. I'm not bitter - just speaking out on this crisis because we're creating a 2 class system and basically destroying society in the process IMO
    1
  5589. CPLie?
    1
  5590. Even moreΒ @robbieking1760Β 
    1
  5591. 😍😍😍@gaza2230
    1
  5592. Absolutely πŸ’―@itsonlyafl3shwound
    1
  5593. Cheers @ASXStockPicking - got any Aussie gold stocks you like?
    1
  5594. 😱😱😱 @PyjamaLlama
    1
  5595. Yep, it's really quite astonishing
    1
  5596. Many houses in places like Brisbane, Adelaide and Perth have made 100K per year for the past 4 years.
    1
  5597. Spot on @EatMyShortsAU!
    1
  5598. Thanks for sharing @nzmattniven. Do you live in a regional or sem-regional area? If so, do you see good value there?
    1
  5599. Yeah, he's a perma bear but I do agree we had an everything bubble. The crazy rises in property were artificially inflated but Australian property can never fall (otherwise the economy would be screwed)
    1
  5600. Thanks for sharing @5ayes12
    1
  5601. I appreciate the feedback and thanks for sharing your thoughts Jack. All the best!
    1
  5602. Spot on @DashAU. Wealth inequality because driven by ridiculous property gains
    1
  5603. 😍😍😍 @classikclips
    1
  5604. Absolutely - you don't keep the water going when the bath is full
    1
  5605. Ronald Reagan
    1
  5606. Good insights @brendenhayes6099
    1
  5607. Nooooooooooooooooooooooooooooooooooooooooooo
    1
  5608. Cheers @blankasama!
    1
  5609. Cheers @seattime4075
    1
  5610. Cheers @dec4003
    1
  5611. Cheers @AditiPVhsh. I can't remember them all but this one might have had some: https://www.macrobusiness.com.au/2023/05/new-zealands-house-price-crash-is-one-for-the-ages/
    1
  5612. It's not about who's cashing in - it's about thinking of future generations and trying to improve things for them
    1
  5613. You're dead right @kyms9390. Property owners have been handed the equivalent of winning the lotto while everyone else if being pushed towards poverty
    1
  5614. Do you know where I can find the original intergenerational report @proscott33?
    1
  5615. Great video. I feel like the Fed is trapped. It can either let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market in my opinion. https://youtu.be/jr1tf4s8Uz4
    1
  5616. Yeah, there has to come a tipping point where people can no longer afford rents and mortgages
    1
  5617. Well said @David-qz7fx
    1
  5618. Β @teddougal5919Β  We notice
    1
  5619. Β @SalamNaser-c6hΒ  Thanks for sharing!
    1
  5620. Β @BitcoinGringoΒ  Great analogy
    1
  5621. Β @jarrodloidl3762Β  Spot on!
    1
  5622. Β @TomKeffordΒ  Spot on - when it goes up too high it will probably become illegal to own
    1
  5623. That would make excellent sense!
    1
  5624. Spot on @tuber00009
    1
  5625. πŸ™β€οΈ @mitchpartridge4615
    1
  5626. Just filming where I could!
    1
  5627. πŸ˜‚πŸ˜‚πŸ˜‚ @chriskranz6488
    1
  5628. Yes, but I'm sure they'll pull every lever to prop up housing until they no longer have any effect.
    1
  5629. Thanks for sharing @ameliavv1019
    1
  5630. Wow, thanks very much for sharingΒ @ReturnOfTheJ.D.Β 
    1
  5631.  @nigelmaund9057  😍😍😍
    1
  5632. Β @pebblepod30Β  Feel free to email at bikokonstantinos@gmail.com
    1
  5633.  @pebblepod30  😍😍😍
    1
  5634. Wow, thanks so much @gouthamsajja6700πŸ™β€οΈ
    1
  5635. Cheers @joshskeen2537 - all the best πŸ™β€οΈ
    1
  5636. Yep, prices are very strong at the moment, especially considering the once in a lifetime boom we've seen over the past few years.
    1
  5637. Why would it do anything? Over 90% of negative gearing claims are over existing property. If less investors buy existing properties, more rental households will be home owners. This means we won't need as many rentals and the overall supply hasn't changed. All they have to do is only allow negative gearing on new property and it will encourage new supply which is what we need.
    1
  5638. 😍😍😍
    1
  5639. 😍😍😍 @ewanjack8374
    1
  5640. Sadly this seems to be the case
    1
  5641. "Isnt this what you want Biko? Where housing prices are increasing at a slower rate which keeps out the speculators and foreigners that you're always banging on about," - absolutely @nevillebartos2858
    1
  5642. Agreed @peterburke8650
    1
  5643. This sarcasm is right up my alley - great work @addictiveaussie!
    1
  5644. The signs are all there
    1
  5645. You get all my love 😍😍😍
    1
  5646. 😍😍😍 @ewanjack8374
    1
  5647. Yep, it's time to demand action me thinks
    1
  5648. Β @EatMyShortsAUΒ  Aha
    1
  5649. That majority of Australians are against mass migration yet they went ahead with it
    1
  5650. Spot on - but was it all done on purpose is the question?
    1
  5651. I don't mind the tax exemption for PPOR but only when all properties are affordable for the average full time workers. When someone can't afford their own home, they can't take advantage of this massive benefit
    1
  5652. 😱😱😱
    1
  5653. Absolutely
    1
  5654. Thanks very much for sharing @nathanielacton3768
    1
  5655. That's bloody massive!
    1
  5656. You'd think buyers would be exhausted but years of government and RBA policies have created a speculative bubble - and now we're at the stage where people are desperate to get into the market because they've seen how much it's gone up.
    1
  5657. Thanks very much for sharing @JetJockey87!
    1
  5658. Yep, we're headed into dangerous territory as housing becomes more and more expensive.
    1
  5659. We can trust the government can't we?
    1
  5660. "There should be a tax disincentive for people to own multiple properties." Absolutey @johnmatthews8810
    1
  5661. Thanks for sharing @carolyngartner6865!
    1
  5662. Good point @rickadlam7467!
    1
  5663. Thanks for the feedback
    1
  5664. Wow, awesome post @imhosydney. Thanks so much for sharing!
    1
  5665. Cheers @christopherbrown1661!
    1
  5666. Cheers @LVNmenace
    1
  5667. Cheers @wasntme123
    1
  5668. Can't be @bigbanana23
    1
  5669. πŸ˜‚πŸ˜‚πŸ˜‚ @vaspats
    1
  5670. Cheers @suliom2258
    1
  5671. Cheers @eurekaelephant2714πŸ™β€οΈ
    1
  5672. 😍😍😍 @peterwaterton7016
    1
  5673. But when there is an injustice in the system you get a catastrophic event like a war or revolution" - Yes, this does seem to be the way of things!
    1
  5674. I'm glad too @angelitepriestess1562 πŸ™β€οΈ
    1
  5675. Thanks for sharing @markhayleybeadon. Do you remember what your wage was in 1986 when the Inala home was $24,000?
    1
  5676. 😱😱😱 @belvedere5984
    1
  5677. Wow, thanks so much simonlalor- I really appreciate it πŸ™β€οΈ
    1
  5678. Spot on @MAGA2024-pf4yw. Great post!
    1
  5679. "The Australian government are not taking this housing crisis seriously" - Absolutely!
    1
  5680. Hey I really appreciate that @Sept1973!
    1
  5681. Yep, I've noticed a lot more people talk about moving (geographic arbitrage).
    1
  5682. Wow, thanks for sharing @mranonymous6646. I'm still amazed units cost 1 million in Sydney
    1
  5683. Thanks for sharing @powertrip1050
    1
  5684. Why do you think negative gearing is going soon?
    1
  5685. More and more people will start carrying larger mortgages into retirement. This is what happens when you encourage larger and larger debt compared to income
    1
  5686. 😍😍😍 @Coastal-Sasquatch
    1
  5687. Not when buyers know Australian Property is a sure bet. If we start to see real risks with property investments, then things will start to improve hopefully
    1
  5688. We need wages to grow faster that house prices to start to improve housing affordability.
    1
  5689. Interesting proposal - thanks for sharing!
    1
  5690. They should have declined but the government has admitted their policies will keep inflating house prices
    1
  5691. Great video. The Fed is now trapped. Let inflation spiral out of control and potentially destroy the entire economy, or raise interest rates agressively and their borrowong costs on 30 Trillion National Debt rise exponentially. Either way, there will be plenty of pain ahead for the Real Estate Market and Stock Market IMO. https://youtu.be/jr1tf4s8Uz4
    1
  5692. Thanks for sharing!
    1
  5693. 😍😍😍@surferrosa1104
    1
  5694. "Australians are addicted to properties market this will be hard to change" - spot on. Thanks very much @coala1980!
    1
  5695. Thanks so much @ewanjack8374πŸ™β€οΈ
    1
  5696. Spot on @sheridenboord7853
    1
  5697. That's the trouble, they will keep doing everything in their power to prevent significant house price declines
    1
  5698. That seems to be where it's headedΒ @vmuraΒ . I'm hoping they take real action to remove some of the speculative demand by overhauling current housing policies - but time will tell.
    1
  5699. Noooooooooooooooooooooooooooooooooooooooo
    1
  5700. Dead right @powertrip1050
    1
  5701. True, but an ever growing wealth divide will create a great deal of societal upheaval which won't be good for any country IMO.
    1
  5702. Cheers @grahamdelacey577, yeah I'm not happy about the current situation. I've even thought about getting one of those room dividers
    1
  5703. I'd say they've both screwd up their housing markets
    1
  5704. That's great PengoPaddy. Thanks for sharing
    1
  5705. Thanks @InfinityIsland2203!
    1
  5706. That's interesting. Thanks for sharing @KT-bb1tb
    1
  5707. I'm not happy about that
    1
  5708. No hate for landlords. Over 90% of negative gearing claims are over existing property so haven't added any supply to the housing market. If we only allowed negative gearing for new properties, this would be sensible IMO.
    1
  5709. Nah, no lipstick for me @mikerowe3849
    1
  5710. 😍😍😍 @thisthattheother7541
    1
  5711. 😍😍😍 @jamdec123
    1
  5712. Thanks so much @TheHealthLifeπŸ™β€οΈ
    1
  5713. Hey cheers @lllllukeify!
    1
  5714. Crazy alright, thanks @AndreiKohler
    1
  5715. AbsolutelyΒ @AM-po5ecΒ 
    1
  5716. it certainly behaves like a Ponzi. Thanks for sharing @chillisauce1708
    1
  5717. Cheers @Tupunaforever
    1
  5718. Thanks for sharing @Anon-fv9ee
    1
  5719. Truly sad @queenbee4637πŸ™β€οΈ
    1
  5720. 😍😍😍@clydesimpson1462
    1
  5721. Yep, total destruction of housing affordability to the point we now have the most expensive housing in the world (behind Hong Kong)Β @davidlp3019Β 
    1
  5722. My mama always said, Life was like a box of chocolates???
    1
  5723. Hey, thanks so much @Vicki_Aussie_Girl πŸ™β€οΈ
    1
  5724. πŸ™β€οΈ @paulsoutbackgardenaustrali7674
    1
  5725. Yeah, it's hard to see how it will play out
    1
  5726. Spot on @calibre_au6183. You can start up as many businesses as you like and it won't affect house prices and first home buyers ability to buy a home.
    1
  5727. Thanks for sharing Hunty49
    1
  5728. Great thoughts Bruce Wayne. Thanks for sharing!
    1
  5729. 😍😍😍 @peterforsyth962
    1
  5730. Β @naveedkanji1Β  Interesting thoughts Naveed
    1
  5731. Spot on @0_fxcks
    1
  5732. Cheers @danjones3836. Thanks for sharing and I wish you all the best!
    1
  5733. If you don't own property and you don't get support from your parents - you're most definitely going backwards financially - the GDP per capita figures prove it.
    1
  5734. Thanks for sharing @tronwars7130. Are you able to share how much it costs to live in Thailand (e.g. to rent or buy a home)?
    1
  5735. πŸ™β€οΈ@TrevsOutbackandGoldAdventures
    1
  5736. Noone is sponsoring my videos. A lot of my videos are highlighting the terrible state of the housing market that's creating a two tier wealth society and destroying the financial wellbeing of millions of Australians.
    1
  5737. πŸ’― @Robo67-24
    1
  5738. Cheers @MargaretCampbell583 😍😍😍
    1
  5739. Don't know about others but I'm saying it because this crisis is negatively affecting millions of Australians - and it's not getting any better
    1
  5740. Yes, that's a future concernΒ @joeyang394Β ,. Is that why they're pumping immigration numbers so badly
    1
  5741. πŸ™β€οΈ @greatglidesby3322
    1
  5742. That's because we have a 2 class system - property owners have been handed the lotto by policies that artificially create massive demand - whereas renters are being pushed towards poverty. When full time workers like teachers and nurses can't afford there own home - it's a disaster in my opinion.
    1
  5743. That would make a lot of sense
    1
  5744. Seems to be around 20% of taxpayers from a quick web search
    1
  5745. Seems like a conflict of interestΒ @scottfree993Β 
    1
  5746. It's bloody wrong 😒😒😒
    1
  5747. Cheers!
    1
  5748. Thanks so much @mkuc6951 πŸ™β€οΈ
    1
  5749. Interesting thoughts @Hubert_old. Thanks for sharing.
    1
  5750. Hey, thanks so much for that @melindap614 πŸ™β€οΈ
    1
  5751. Yeah, but what about house prices versus wages?
    1
  5752. Thanks for sharing @wsiak340. Thanks why I think it's dangerous for house prices to continue outperforming wages by so much. If this keeps going on, then the inevitable crash down the road will be much bigger than it otherwise would have been IMO.
    1
  5753. Thanks for sharing @davidvanderklauw
    1
  5754. Cheers @davidsmith-ws4bzπŸ™β€οΈ
    1
  5755. Spot on @gotthesinglelife. It's really quite shameful
    1
  5756. Thanks very much for sharing @danjones3836. Your story makes me upset because successive governments have destroyed opportunities for thousands of people.
    1
  5757. Cheers @rockonova811!
    1
  5758. "Money is now an illusion on a machine that can forever be printed into the abyss." - Scary but true!
    1
  5759. I would say go down, because of the negative wealth effect and most people going into protective mode.
    1
  5760. πŸ™β€οΈ
    1
  5761. Yes maybe some of that, but both cost of living and rents have surged ridiculously which makes is harder and harder for people to save a deposit. And worst of all, as they're trying to save house prices keep going up so the deposit required keeps getting larger and largerΒ @wsiak340Β 
    1
  5762. At least you saw it @killingfields5853
    1
  5763. Spot on @aslkdfjhg - it's like they know the current path is unsustainable but know how hard it will be to turn the ship around.
    1
  5764. What?
    1
  5765. AgreedΒ @glennrao7420Β , unless unemployment spikes or we have a global recession, it's unlikely the Australian housing market will crash because there's too many supportive policies and vested interests.
    1
  5766. Interesting suggestion - thanks for sharing!
    1
  5767. I like this🀣 @Sanyo_Wesler
    1
  5768. Seems to be the Australian way @juscree4035. I think there's an unwritten law that Australian house prices can never fall more than 10% (even if they rose 50% due to wild speculation).
    1
  5769. πŸ™β€οΈ@aaronkelly4255
    1
  5770. Cheers @jancrosby6677
    1
  5771. Spot on @raoul1234567 πŸ’―
    1
  5772. Β @joelG1272Β  Thanks for sharing!
    1
  5773. 😍😍😍@michaelthegreat44
    1
  5774. Agreed @adampedley3534
    1
  5775. Thanks for sharing @queenbee4637. There are some signs that the recent rises are slowing but there also seems to be strong pockets of demand going on - especially where there is a lack of listings.
    1
  5776. Thanks very much for sharing @jting1111
    1
  5777. 😍😍😍@eddiecola292
    1
  5778. Spot on @daviddoan3815
    1
  5779. Thanks for sharing @ashleejacobson2944
    1
  5780. Wow, thanks for sharing @victoriacorcoran1258!
    1
  5781. It's really is disgraceful that successive governments have watched on while housing affordability has been destroyed.
    1
  5782. Thanks for sharing
    1
  5783. That was another policy that's pumped up house prices - making it harder for young people to get in
    1
  5784. Thanks for the support @lr5954
    1
  5785. 😍😍😍@soma4u289
    1
  5786. Sydney is the epicentre of ridiculous house prices. I've got no idea how young people can afford a home there without help from parents.
    1
  5787. Thanks so much @rob9340πŸ™β€οΈ
    1
  5788. 😍😍😍 @lllllukeify
    1
  5789. Cheers @wellcomeNightmaresUnleashed
    1
  5790. Wow, that's really shocking @tommcdonald9173. Thanks for sharing
    1
  5791. 😱😱😱 @olivegrove2615
    1
  5792. Agentlevanto, so great to hear from a local with current experience. Thanks for watching and sharing!
    1
  5793. Agreed, it could turn quickly but I'm sure the government and RBA will do all they can to prop things up.
    1
  5794. πŸ™β€οΈ @user-ox7lz4tq5c
    1
  5795. πŸ™β€οΈ@brittanysage4023
    1
  5796. Not the bloody GreeksπŸ˜‚
    1
  5797. Cheers @maryjensen1888
    1
  5798. Depends when you buy. If you bought at the 2011 peak, it took 10 years to regain that level.
    1
  5799. 😍😍😍 @Phemruto
    1
  5800. 😍😍😍 @michaelswinbourne8067
    1
  5801. Thanks @darrenbeutel6849!
    1
  5802. Thanks so much @Colin-p5w πŸ™β€οΈ
    1
  5803. That would make sense
    1
  5804. Conflict of interest considering he owns around 6 properties?
    1
  5805. 😍😍😍@bulentosmane
    1
  5806. 😍😍😍 @sagemaster9754
    1
  5807. When they vacancy rates get high enough, sometimes rents have to get reduced as a landlord always prefers some rent to no rent. That's why higher vacancy rates create a more level playing field
    1
  5808. Great insights @johnwalsh3520. Thanks for sharing!
    1
  5809. πŸ™β€οΈ@mrsm482
    1
  5810. 😍😍😍@vaspats
    1
  5811. Good point
    1
  5812. Wow, thanks for sharingΒ @Tom_and_LuluΒ 
    1
  5813. CheersΒ @iansmith9706Β 
    1
  5814. Cheers @petertullemans!
    1
  5815. "all that glitters will be only gold." - ❀️
    1
  5816. 😍😍😍@grahamdelacey5779
    1
  5817. 😍😍😍@rayjames9835
    1
  5818. CHeers @aNf0m0f0
    1
  5819. Hmmm, makes you wonder doesn't it
    1
  5820. Hey, I really appreciate that @Hongsta 😍😍😍
    1
  5821. "in 2 decades straya has gone from the land of opportunity to the land of inequality" - couldn't have said it any better!
    1
  5822. 😍😍😍 @timshannon8499
    1
  5823. Bit of a worry!
    1
  5824. Probably because Sydney has a median house price of 1.2 Million.
    1
  5825. Agreed, WA's affordability has remained way better than the Eastern cities.
    1
  5826. Cheers @survivorofnarcissist !
    1
  5827. Β @realsatoshihashimotoΒ  Whent they start selling their properties, we'll know a change is coming
    1
  5828. Really, as in what they valued it at???Β @DC180Β 
    1
  5829. Yep, it's disgraceful how renters have been treated in this country. Thanks for sharing!
    1
  5830. That Monopoly analogy is just brilliant
    1
  5831. After crazy growth for 1.5 years and a lot of potential headwinds for housing, I can't see this growth continuing. This is especially due to housing affordability deteriorating relative to average incomes. https://youtu.be/olsAKGiemT4
    1
  5832. πŸ™β€οΈ @jasonedwards700
    1
  5833. .
    1
  5834. Thanks so much @joshuaharrison9506πŸ™β€οΈ
    1
  5835. Thanks very much for sharing @johnperry7534
    1
  5836. 😍😍😍 @Swanwillow
    1
  5837. I agree it's not the main issue, but it's a simple change that would be popular and a step in the right direction.
    1
  5838. Dead right @mayormccheese6171
    1
  5839. Thanks for the feedback @user-iq3ff3zs8u.
    1
  5840. 😍😍😍@allanjazzera7630
    1
  5841. Yet I'm not a bear that thinks house prices will fall. I'm someone who wants housing affordability to improve so many more Australians can afford their own home. For this to happen we need major changes to policies that impact house demand - and so far I'm not seeing any evidence that this is on the cards sadly
    1
  5842. Thanks for sharing @PaulDickson7πŸ™β€οΈ
    1
  5843. Thanks for sharing @glowimagery634
    1
  5844. Yep, you definitely seem to be onto something
    1
  5845. Hey thanks @arffadailey8055!
    1
  5846. Β @adventuresinminesΒ  Do you think prices will continue to outperform before a blowoff top around 2029?
    1
  5847. Β @davidbrayshaw3529Β  It's going to be interesting to see what happens. The government can no longer continue to only focus on property owners (with their policies) because there's more and more people renting and many of those renters are struggling. So things seem to be coming to a head as there's no simple solution for the government and RBA anymore.
    1
  5848. 😍😍😍@user-yk6rn9ms8w
    1
  5849. Japan is such an interesting case study. I don't think Japan has any immigration so that's a major difference.
    1