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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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9945406 No.9945406 [Reply] [Original]

Its finally happening. Time to get into the property game cobbas

>> No.9945474

>>9945406
No thanks, when we are a chinese colony in 20 years you won't be allowed to own land so what's the point, you're literally flushing ur $ down the toilet investing in this meme country.

>> No.9945507

Daily reminder:
The Australian government will confiscate your savings to bailout banks
http://cecaust.com.au/releases/2018_02_16_Govt_APRA.html

>> No.9945520

>>9945406
I don't hope we fall, I hope we fucking crash and burn right into the ground. Idiots taking out loans for 1m for fibro houses in Sydney and barely scraping by with these low interest rates.
At my old job all I ever heard was "historically housing prices have only ever gone up! There's no way they are going to drop". The same people struggled with credit cards and car loans.

>> No.9945548

>>9945507

Same with most of the Western world. New bail-out regulations - you didn't want another bail-in did ya?!

>> No.9945566

>>9945474
thats why my gf is chinese, she'll protect me

>> No.9945596

>>9945406
Is this saying the housing market is crashing Australia wide? tried to explain to my parents and they didn't believe me the housing market is a bubble here.
Our house went from $20,000 to 1.3Million in 30years... They should've shorted.

>> No.9945603

>>9945596
They would have sold 29years ago with your logic. Fiat is the real bubble here

>> No.9945612

>>9945548
People preparing for a crash by being ready to buy up cheap assets are gonna get burned just as much as those balls deep in high leveraged property

>> No.9945620

>>9945603
Implying I told them to sell it this year. They should've listened if the markets about to shit itself.

>> No.9945626

>>9945612

The only funds that are saifu are literally crypto and your chequings and savings accounts, though those will be filled with fiat currencies that are likely not saifu....

>> No.9945644

All this time waiting... Yess excellent. Let it crumble

>> No.9945646

>>9945612
People said the same in 2018, burned as fuck

>>9945620
And if not? Then you will just repeat the advice next year? And then?

>> No.9945651

>>9945646
2008, fucking phoneposting

Shitty china quality device

>> No.9945655

>>9945646
They're never selling, I'm just telling them because they're stupid boomers that are still working for >$40,000 a year combined. Yet they are sitting on a goldmine and live like poor people.

>> No.9945748

>>9945626
No, your bank deposits are not safe
>>9945646
In 2008 there was bank bailouts. The tax payer bailed out the banks.
This time theres bail ins. The bank can just wipe off its creditors if it needs to. e.g. your savings

https://www.ainsliebullion.com.au/gold-silver-bullion-news/senate-passes-e2-80-98bail-in-e2-80-99-law-e2-80-93-how-safe-is-your-cash-now-/tabid/88/a/1722/default.aspx

>> No.9945859
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9945859

>>9945507
Jokes on them, i habe no savings

>> No.9946231

All you faggots that fear the property bubble are the same faggots who bought verge at 25 cents.

Life just isn't fair for a basedboy.

>> No.9946272

>>9945406
soon anon, stay out of the bargain hunter bull trap

>> No.9946321

>>9945520
agreed, i despise the fuckheads that are willing to pay millions for a badly made cookie cutter house to continue the price inflation