You are viewing a single comment's thread from:

RE: Australian Housing Bubble Is Worse Than "Experts" Are Claiming - What You Need To Know!

in #money7 years ago

100% Upvote and Resteem for this one! As soon as I saw this post I couldn't wait to check it out. Thank you for keeping the finger on this issue @joshsigurdson. I and many people I know here are watching this intensely.

Housing is a religion here. Speaking out about the ingrained concept of "housing always goes up" leaves you on the outer. 41.2% of economic grown being centralized around Sydney, as you mention, is something that should indicate to anyone dispassionately that things are unbalanced.

I previously lived and worked in Perth, the former mining boom state. I still know people there and get on the ground feedback of the decline of that state. Still, I feel somewhat alone in that view so these videos are really important.

The baby boomer demographic wave is a massively influential wave that many don't grasp the scale of. I suspect that many will be caught out. I see around me here people mortgaged to the eyebrows and I cringe at the risk that the average family here is exposed to.

You hit the nail on the head with our reliance on China too. Couple that with our unveiled US alliance, it seems schizophrenic.

Would love to see more content like this. You guys do a great job. Thank you for pushing this material!