Banter TRTT Part 12: Get Your Bowels Checked

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500k in Broken Hill


I think the gap on city country prices is closing.

Local real estate agents mostly suck though, very lazy marketing. The amount of houses that have basements and big sheds and those sorta distinctive features and they don't even both to snap a pic is shocking.

https://m.realestate.com.au/property-house-sa-peterborough-137996790

Bit of a fixer upper but you could use the spare 450k you saved on the Yabba property to fix this up instead.
 
The Australian property market is supported by absolutely no fundamental analysis and has largely been sustained by government policy (the latest being the 'Home Builder' thing which should've been wound up the moment it became apparent that the pandemic would actually help not hinder the building and construction industry) and the continual lowering of interest rates over a period of 30 years to what is now effectively zero and free money for everyone.

It's not actually a matter of if the market will totally crash but when.
 

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WFH because the joint is a dirty covid cesspool = buying dumb sh*t like a life-size cutout of Robin the Boy Wonder (and not getting sweet fa work done)


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Came by a whole bunch of Star Wars (West End) RPG Books recently from the late 80s/early 90s. Gonna move them on if you feel like adding to your Star Wars Collection!:moustache:
 
The Australian property market is supported by absolutely no fundamental analysis and has largely been sustained by government policy (the latest being the 'Home Builder' thing which should've been wound up the moment it became apparent that the pandemic would actually help not hinder the building and construction industry) and the continual lowering of interest rates over a period of 30 years to what is now effectively zero and free money for everyone.

It's not actually a matter of if the market will totally crash but when.

They could fix it by getting rid of the heavily leveraged investor types with a dozen properties all mortgaged off each other.
 
The Australian property market is supported by absolutely no fundamental analysis and has largely been sustained by government policy (the latest being the 'Home Builder' thing which should've been wound up the moment it became apparent that the pandemic would actually help not hinder the building and construction industry) and the continual lowering of interest rates over a period of 30 years to what is now effectively zero and free money for everyone.

It's not actually a matter of if the market will totally crash but when.
Things that I've been hearing for at least a decade.



Sent from my Nokia 7.2 using Tapatalk
 
Things that I've been hearing for at least a decade.



Sent from my Nokia 7.2 using Tapatalk

There's only so much milk you can get out of the cow.

Interest rates have been trending downwards for 30 years but have basically hit zero. Real wage growth is not really a thing in this country anymore and is unlikely to be in the future given population growth/technology advances. So basically you're left with government policies and stimulus to support house prices, which can only go so far in normal, non-pandemic times. Increasing foreign investment too I guess but that won't be popular with the electorate.

In the end it's no different from any other asset price bubble - in the long run, prices will return to their fundamental value. Who knows how long that long run will be but it will happen. Crypto is the same, most of them will end up being worth next to nothing.
 
There's only so much milk you can get out of the cow.

Interest rates have been trending downwards for 30 years but have basically hit zero. Real wage growth is not really a thing in this country anymore and is unlikely to be in the future given population growth/technology advances. So basically you're left with government policies and stimulus to support house prices, which can only go so far in normal, non-pandemic times. Increasing foreign investment too I guess but that won't be popular with the electorate.

In the end it's no different from any other asset price bubble - in the long run, prices will return to their fundamental value. Who knows how long that long run will be but it will happen. Crypto is the same, most of them will end up being worth next to nothing.

Not if the milk is money.

Money moves, it comes and goes. It just needs to be in the right place at the right time to keep the trends ticking along.

Same with cypto.

There's no tangibility to anything anymore. Digital, pretend markets, that exist and grow on the back of wishful thinking and greedy intentions.

Greed is a motive you can squeeze forever.

Sent from my Nokia 7.2 using Tapatalk
 
Came by a whole bunch of Star Wars (West End) RPG Books recently from the late 80s/early 90s. Gonna move them on if you feel like adding to your Star Wars Collection!:moustache:

Cheers, mate! But I stick strictly to OG Kenner 77-85 to ease the pain on my pockets, lol. Unless something ridiculous pops up. Like the HasLab Razor Crest. That comes with an even more ridiculous price-tag :grimacing:

BUT WHAT WAS I SUPPOSED TO DO LOOK AT THIS SEXY B!TCH IT EVEN COMES WITH AN EXCLUSIVE JAWA FFS

Screen Shot 2021-12-06 at 6.49.26 pm.png
 
There's only so much milk you can get out of the cow.

Interest rates have been trending downwards for 30 years but have basically hit zero. Real wage growth is not really a thing in this country anymore and is unlikely to be in the future given population growth/technology advances. So basically you're left with government policies and stimulus to support house prices, which can only go so far in normal, non-pandemic times. Increasing foreign investment too I guess but that won't be popular with the electorate.

In the end it's no different from any other asset price bubble - in the long run, prices will return to their fundamental value. Who knows how long that long run will be but it will happen. Crypto is the same, most of them will end up being worth next to nothing.

Crypto is pure speculation.
 
Banks will begin to open their trading and exchange to crypto eventually.

That fake money will be too much to ignore.

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'Real money' is fake money as well. None of this has any inherent value.
The difference is in who guarantees the value, the government or the Bitcoin miners.
I’d still trust the government to provide the value every day of the week.
 
The difference is in who guarantees the value, the government or the Bitcoin miners.
I’d still trust the government to provide the value every day of the week.

Out of all of the nonsense peddled by crypto evangelists, the idea of government control over currency being a BAD thing is easily the most absurd.
 
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