/biz/ - Business & Finance

>>12399873
There goes my retirement. I hope you faggots are happy. Still never selling though.

>>12399873
wow, you means home prices can't double in prices every 5 years

what an absolute shocker

>>12399873
Canada is probably next, so get your checkbooks ready to buy the dip.

Dont forget to thank the chinkies for that lovely bubble.

>>12399873
wait till china goes into recession and the foreign money which has been propping aus up for 10 years dries up

bye bye

>>12399873
Same here in Canada. I don't know how it could be any different, unless you're a top professional jumping ships for raises every couple of years, the salaries are stagnant. A job and a hustle, and I can't even get a 1bd condo kek, and thats with me making significantly above the median.

Those poor chinks

>>12399985
That bubble is caused by 10 years of 0% interest rate.

>>12400291
Australia is nearly at 0% but we have a little bit to go. We're following the americans in their 2008 gfc.

Good morning ausfags

>>12399873

Free iPad?
500k USD deal and you get a free iPad.
BETTER BUY THAT APARTMENT FAST. BEFORE THE IPAD PROMOTION IA OVER.

This is the world we live in.

>>12399926

Thanks, I'll buy directly from the bank you stupid morgage-loving fuck.

>>12401421
It's because they don't want to lower prices. It's the first sign that we are about to go down.

perth prices have fallen off a fucking cliff and barely a peep from the media

I've got 53 grand in the bank but I really don't see how it'll make much of a difference. I live on the Goldie so houses are cheaper than Sydney (5-600 instead of 1mil+) but they're still 10x the average salary.

Best case I pay off the kikes in 20 years rather than 30?

>>12399873
>Australia

Godamnit when is it going to happen here?

WHY CANT I AFFORD A HOME
I'M SICK OF LIVING WITH MY PARENTS HELP ME

>>12401572
It's already happening, but don't expect to be able to buy a home even when prices are cheap. It'll be almost impossible to get a loan.

>>12401421

Yeah but its a limited edition Ipord!

Really hoping Canada gets a correction as well....

Do you think Canada and Australia could set off another 2008 situation globally?
Anybody think shorting Australian/Canadian/Other financials could be a good idea?

What do you think about Sweden's situation?
Also over-leveraged, also crazy expensive homes and have been holding interest rates at - 0.5 since 2015!!!!!!!

This would unironically solve the problem.

>>12401930
Canada collapsing won't do anything to the global market; we're too fenced-off. The bad real estate news in Australia and Canada is probably a symptom of Chinese decline.

Cunt's fucked

>>12402148

Do you think the Central bank maintaining rates is enough to keep the bubble going (in Canada)?

Are we in/going to be in recession?

Thank god people aren’t actually buying those eye sore apartments being slapped up. They just built an apartment right next to my house, this thing is an absolute monstrosity if poorly built concrete and render. Whole area is flooded with these and the only people living in them are pajeets. Hope that building in Homebush has some serious structural problems that can’t be solved so a probe into these buildings is created. I know builders that don’t have faith in what they have worked on. There has to be some sort of dodgy deals to actually get this junk approved.

>>12402351
>Do you think the Central bank maintaining rates is enough to keep the bubble going (in Canada)?

Go look what happened a couple of decades ago, when UK tried to intervene with market powers.

Hint: many say it was Buffets fault. People with an actual education (apart from folding tinfoil hats) know that UK would not be able to sustain it in such a globalized economy.

>>12399873
UK market is also insane. It's 2008 bubble prices +50%.
Average houses are 7+ times the average wage.
I hope the whole thing implodes with brexit.

Don't worry I'll buy some Aussie real estate bags in a few years when it bottoms out. Can't wait to lick the sweet boomer tears.

>>12399981
Waited 15 years for this moment

t. Torontonian

>>12402412
As someone new to this whole finance thing...
Mind explaining in more detail? How was buffet ((not)) involved?

I assume you mean the recession happened because America and UK were so interconnected regardless of them slashing rates/printing/adjusting monetary policy? Unemployment rose, manufactuing dropped, equity value dropped, etc?

lol there won't be a housing crash, the boomers will cry and the government will bail them out at the cost of further debt to the younger generations. This has happened so many times already that I am surprised anyone thinks it won't happen again.

>>12402351
Canada will do at least two more rate hikes I cant wait for the salt mines to open up.

>muh equity
>muh retirement

Dont use your fucking home as a piggy bank or a retirement fund. Get rekt bitch

>>12402533
If our generation can’t afford or flat out refuses to pay then who will buy the boomer bags? Can only pay what we deem fair market value and we are far from that or even being close to affordable. The whole car camping/share housing scenario is going to grow like wildfire unfortunately.

>>12402603
>If our generation can’t afford or flat out refuses to pay then who will buy the boomer bags? Can only pay what we deem fair market value and we are far from that or even being close to affordable. The whole car camping/share housing scenario is going to grow like wildfire unfortunately.


lol, the government will buy them, I can already see the headlines: "In order to address the housing crises, the government today has announced a new initiative to buy homes that have been on the market for more than 8 months. The government plans to rent out these homes to low income families with subsidized rents, increasing the affordability of the rent market."

The politicians won't care about how much debt this puts the country in as long as it bails out the boomers and makes them look good by giving cheap housing to poor people.

>>12402682
Thankfully the boomer bubble is soon to collapse. Only a matter of years before the entire boomer population is absorbed into social security programs. Could even end up putting us into a depression. The good thing is that the chaos will create opportunity for those with cash on the side.

>>12401551
Trust me- I'm in the high-end syd market. Developers aren't acquiring sites, and people can't get mortgages. Market is not moving enough- Heavy discounting will begin in 6-12 months as stock doesn't clear, inventory builds, and owners panic. There are 1.2 million vacant dwellings in this country.

>>12402682

They'll bail out the banks but housing will be allowed to deflate I think. Kinda like the USA 10 years ago.

We all need to be in a position of strength when the bottom for housing comes though, you won't be able to get a loan with the normal deposits at that time.

Having like 300,000 or 400,000 will probably net you a suburban house in Sydney or Melbourne after this is finished.

>>12402682
No. They will buy the banks balance sheet. It was said a year ago & is still on track to happen.

>>12399981
Now do I buy if I don't have much money?

Fucking collapse already reeee

>>12402479
What’s in your crypto holdings to capitalise that opportunity ?

>>12399873
>australia is popping hard
Kek, wtf are you on about? The market is down in some very specific and high price areas that were overinflated, regional areas (the majority) haven't seen any loss and in fact some areas have sent growth.

Who are these delusional autists posting about a multi-decade Australian housing market bubble?

>>12403249
You can't. This is literally the problem, banks are not writing loans as unaffordable as before. Sentiment has barely even changed, people just can't get the money and are getting mad the banks won't give it to them. It's fucking crazy

BTC is not private or fungible.

What use does a large corporate entity or institution have with a coin that can be analysed through chain analysis so that their competitors, foreign governments, or other bad actors can analyse all of their transactions data?

Information leaked includes relationships, supply chains, profit and loss information, accumulated wealth, and more.

For people serious about Business Monero is the answer. Data mining will be a serious issue for commercial deployments.

https://youtu.be/FeNYjYA2lVg

>>12399990
>china
>going into "recession"
Pick one, friend.
China will continue to make smart investments on a national and global scale into the foreseeable future.

>>12402778

SHHH!

DONT TELL ANYONE!

>>12402104

Fucking this. We need to put all the blacks into Queensland and have all the other states be white only. That will solve our problems.

>>12402104
That would make housing even more expensive. Your brain has been rotted by memes.

>>12400014
Is it really that bad nationwide? I knew Vancouver is atrocious and Toronto pretty bad.

Or is it like the US where good-paying jobs only exist in areas where CoL is prohibitively expensive

>>12403440
Just build more ghost cities or lie about growth chang, we get it

>>12405046
>muh ghost cities
Meanwhile western youth are all a bunch of NEETs who can't afford housing because their elders don't want to lose a cent off of their net worth.

Why are you all complaining? This is a great opportunity for cheap real estate

>>12405057
>Meanwhile western youth are all a bunch of NEETs who can't afford housing because their elders don't want to lose a cent off of their net worth.
Oh really? Is that why NEETs can't afford property? Nothing to do the fact they don't have job, it's the boomers. Got it.

>>12399873
>five-year expansion

Its been almost 20 years. Normies think that it has only been 5, but the reality is this has been coming for a long time.

>>12401568
Depends how tight lending standards become. You have cash in the bank, if noone is giving loans for anything then eventually prices will tank to the point where you can only buy with cash or cash + small loan. Do not fall for the idea that this is only 5 years in the making, look at prices 20 years ago for the potential we have. Recession is not the right word for what is waiting in the wings for aus.

>>12402682
>as long as it bails out the boomers and makes them look good by giving cheap housing to poor people

They only need to pander to the boomers while they are the largest voting bloc. They don't need this insane plan to do that.

Watch them import more shitskins

Why are western governments so afraid of building dense housing?

>tfw parents bought a condo in vancouver (Kits) for 600k 2009 and it's now valued at like 1.2mil or some shit

The bubble is so extreme prices could fall 50% and still be unaffordable

>make it easy to get loans
>people use loans to buy houses and end up causing the price of housing to increase rapidly
>money starts to tighten
>housing begins to collapse
Hmmmmmmm

>>12405031
I live in Edmonton which is considered "cheap" and the average house is till 425k

>>12405710
fuck that's harsh leafbro

>>12405677
nice time to offload them bags

>>12405743
Median household income here is like 102k, so a house at 400k isn't THAT bad

In Toronto the median household income is only 78k and the average house is 1.2 million AFTER falling 20% already LMAO

It's over for Toronto

>>12405773
How are school and property taxes?
The school boards down here in southeast PA have become outright traitorous to the people who have lived here for so many generations. They are free to adjust them however they see fit and in some instances they jump up a couple hundred dollars every year.

Homes that had $1.8k in taxes 10 years ago easily have like $4k now. It's permanent rent to pay for pencil pushing school administrators, welfare bullshit, and the brainwashing of young kids.

As much as I would like to stay around this general area that my family has lived in since the 1600s, it gets harder and harder. I could stay and fight a battle that no one else cares to fight with me, or make like my ancestors that got the fuck out of England in the 1680s and go elsewhere..

More and more, I'm tempted to say fuck it and buy some cheap wooded acreage where there are no zoning laws and go from there.

>>12405773
I live in Toronto making 100k leads a year and I feel poor as fuck. This city is a fucking joke

>>12405698

This is something people don't seem to get when they're talking about the real estate crash.
>Oh it's going to come down 20%!
No fuck that, these prices are going to fall +50%. They simply have to, because they're going to be expensive even if you halved them.
It's also going to be global. We have seen the same trend in all over the world and when shit comes crashing down, the slide down is going to take few years until it bottoms out.
It's really up to banks in the end how long the prices stay down, but those guys won't be loaning out money easily when the market starts bleeding.
Millenials have no savings nor do they have any backers and Boomers will lose their credit, along with their savings.
This market will be extremely dry for a good while to come when it finally hits rock bottom.
Everyone should look for auctions instead of buying from the market if you're going to be in a place to buy something. Auctions are going to be absolutely full of real estate.

U guys are fuckin dumb, the max drop will be 20%. Some areas have prices tanking 8% from the peak, basically 100 grand 30km from cbd. If you're thinking any houses within these areas will hit 400k your absolutely deluding yourself. People are happy to rent for $600 a week for a 3 bedroom house, and the population keeps growing within ares like sydney.

>>12402603
>if our generation can't afford or flat out refuses to pay
>can't afford
that's called debt pushed down the line
>refuses
how exactly? "hell no we won't go" good luck

>>12406680
>People are happy to rent for $600 a week for a 3 bedroom house

not happy, no choice

jewish led immigration and welfare is the main cause of this

execute all australians

>>12399981
Just gimme two more years to accumulate a decent down payment.

>>12402533

Go further into debt where? The money printing is already continuous.

>>12404971

>Price goes up when demand goes down

>>12405031
Calgary here. If wages had increased by even 70% of the rate of the real estate prices, it wouldn't be so dire. Wages aren't even keeping up with inflation.

>>12406813
>implying people wouldn't want to live in all white australia

>>12399926
>Investing in real estate
>2019
You deserved it.

>>12406833

So if we make the country as shit as possible then finally I might be able to afford a house?

>>12406252
>tract housing becomes really expensive/unaffordable
>cities destroy old home stock for more urbanization
>suburbs heal and repopulate
>cycle continues

>>12406838
Unironically yes. The same strategy kept my landlord from raising my rent this year. I intentionally refused upgrades to the apartment and repaired things without saying anything. Meanwhile everyone else in the building got rent hikes. Feels pretty good.

>>12399873
there goes my inheritance

>>12403426
how to get beautiful crypto gf?

>>12405196
Good lucky affording a 500k property on a 13 dollar an hour wage

Are all the houses there freehold? All the houses here cost 600k for a decent sized apartment on a 99yr lease.

>>12405704
and then jews buy up all the cheap houses and charge us rent to live in them. feudalism with kikes as lords

>>12405677
why prices not keep crashing after 2015?

prices have already fallen 30%+ in perth

no ones talking about this

>>12407251
Most people over 45 are housing bagholders. They deliberately avoid talking about it.

>>12407251
Because it's still overpriced as fuck

>>12407266
>>12407301
my parents house had an offer for 500k around 7 years ago, now wont sell for 350. no interest in the house whatsoever. they have 2 rentals as well(all running at negative cash flow since day 1) The sad part is they are the people who least deserve it but will probably end up getting justed the most.

>>12407141

All land in the country belongs to the queen. There is no ‘freehold’

>>12406680
I'm 30km from CBD in Dural. The market in castle hill, rouse hill, the whole new metro line- shit. I know the families that live there- the average mortgage is 800k in the hills. Vacancy rate is about 6%. I live in a nice house because I know these things.

>>12407143
How do I become a Jew? I want to have money.

>>12407251
They've fallen that much in houses between 1.4m and 4m in sydney's outer ring. Huge supply of houses, and the parents are in too much debt. Market is illiquid- I know it firsthand.

>>12407251
30% in what time frame? everyone knows perth is being JUST'd since the mining down turn.

>>12406760
sydney is probably the city with the highest salaries in aus, most people i know have left perth for sydney.

in most areas of melbourne and sydney the housing crunch will happen in shithole places like warren ponds, carrum downs, penrith, etc. Everyone wants to live in areas close to sydney or melbourne, having a rapidly expanding population wont cool the prices.

baka

>>12407800
High end is going to get hammered sometime- People aren't moving because the banks wont let them. Mortgage discharge process means banks want to raise capital and create as much liquidity as they can- Lots of project managers and risk managers have been planning since 2015/16 for this- And for the next two years minimum it will get worse.

People can't sell because the banks will make them decrease their LVR, and therefore their 4m house doesn't meet serviceability on their 350k household incomes. Trouble starts when shadow lender's bonds aren't being bought anymore and prices are dropping- HINT- And investors in big 4 get denied credit and shadow lenders can't create credit. Steve Keen and Martin North have it. Main thing is risk weighted assets & the capital required from a 70% LVR to 90%- this will help escalate to the point where the RBA will buy the bank balance sheets.

>buy real estate it always goes up

heard some zoomers talking about this when they were talking about how they were gonna get rich

>>12407800
>"Better" wages
>Spend it on rent
Are these people retarded? Or you can make 100k in Sydney and being unaware of cost of living?

>>12399873
>quarter of a million houses in Sunshine Coast, QLD every year for the last few years alone
>selling them to chinese investors
>aussies cant afford them because starting price is near 1mil
>last year more people bought their 7th house than their 1st
>"omg guys, housing market is crashing, how could this happen?"
fucking retards

>>12408297
forgot to put "build" at beginning of the first line, but you get the idea

>>12402787
>Using loans to buy homes.

Not going to make it

>>12403362
300+ BTC atm ..

>>12408378
Lol you a Dream Markets dealer??

>>12408378
wow your net worth is -$10

>>12402514
You would have been fine buying 15 years ago. My family bought 25 years ago and have multiple properties in Toronto.
City isn't what it used to be though, too liberal now.

>>12408729
Nice try Mr FBI.

>>12399873
aaaaaaaaaaaaaaaa it wont crash

>>12401421
Wow that's a step below the iPad raffle.
Think we're going down.

>>12402763
>boomers
>retirement soon
Lmao. Most boomers are absolute shit with money and can’t afford to retire. Expect them to stay in the workforce over the next 20 years

>>12401572
Sowy fren only 2mirrion cuckshed fow you.

>>12405648
What are you talking about? European cities are full of dense housing. It is new world (in particular Americans) who don’t like that because they want to larp as homesteaders

>>12409637
shut up yuropoor.

>>12409882
Enjoy your 600k mortgage for a 1,000 sq fat house in the ghetto

>>12399873
T I M E T O B U Y

This will cause a recession or depression.

>>12410766
we are already in a deep recession(perth) and have been for years. Anyone who claims otherwise is totally deluded or has vested interest in maintaining the deception.

>>12411171
couple of more million chinese immigrants will fix that m8

What do you mean you don't want to pay one million dollars for shelter? OY VEY ANTISEMITISM

>>12400233
Those are Australians m8

>>12399873
fucking good. fucking chink pandering shithole.

>>12406680

This.

Also, with the amount of new apartments being built in the syndey region, the supply was always going to temporarily dominate the demand. Add this with some new investment loan regulations and boom. If you own a house, don't sweat, she'll be right.. Apartments though, they might take longer to bounce back

Anyone know some australian REITs that are available on either vangaurd or schwab?

>>12412168
https://www.vanguardinvestments.com.au/adviser/adv/investments/product.html#/fundDetail/etf/portId=8206/?prices
hmmmmmmmmm catching this on sale it would be pretty good I can see it dipping in price.

>>12400233
for the price of walking around barefoot a day you can help native Australians like these find a home.