Aussie here

aussie here
our economy just cut 155billion

does this mean the housing bubble is gonna pop?

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Other urls found in this thread:

federalreserve.gov/econres/notes/feds-notes/household-debt-to-income-ratios-in-the-enhanced-financial-accounts-20180109.htm
pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
ssa.gov/cgi-bin/netcomp.cgi?year=2018
twitter.com/AnonBabble

hopefully...

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

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

Ausbro here. Where to buy firearm?

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

I hope so mate, have been waiting for this.

praying for the crash

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

you're likely fucked

short markets, keep slaveing

>housing should be the least of your concerns

dude housing is like most of people's net worth

that should be their biggest concern

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

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

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

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

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

Am I gonna make it?

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

Boomers on suicide watch

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

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

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

not him but markets are crashing right now

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

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

"Crashing"

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

That’s what she tells you right?

rebel sport

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

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

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

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

hope you are right fren

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

Spot on assessment I'd say.

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

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

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

one trillion gone by EOW.

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

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

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

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

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

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

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

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

CRAWLING IN MY SKIN

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

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

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

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

Bullish for Nervos.

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

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

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

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

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

selim at the south central traino.

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

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

And the bad news?

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

found the user with all his savings in AUD

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

By tenants you mean slaves right?

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

Expect repercussion. Your ego blinds you.

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