Via Martin North comes Tony Locantro, fundie, on how to survive the Australian property crash. Can’t vouch for the strategies but it’s more fun bear porn.
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“How to survive the Australian property crash?” Sell as fast as you can. Cut your losses and get out fast. Just love it!
AAAAAAA+++++++
21 min 30 secs in … Martin scared the bejezzus out of people on 60 Minutes … if there is a mainstream media blacklist, he is probably on it. Don’t let that crazy guy with his broken crystal ball on any show … he speaks in tongues.
You can tell by looking at the dudes in all these sick videos, they definitely aint property investors and never will be! I’d say it’s classic school kid “but I never get invited to the parties” jealousy. They’ll just go off and join the chess club when they realise their social fails.
Cheesh!!! 100 points for fantastic accurate persistent cynicism!
105 points.
Because 105% accurate.
Incels!!
This is a great buying opportunity but the leaners will sit it out, miss the next boom, and then continue to complain about property prices. Won’t buy when they’re high because they might crash, won’t buy when they’re low because they might go lower. If you’d bought back when you started reading bear p0rn you’d probably own the house outright by now.
You certainly have the intellect of Morrison.
Intellect is irrelevant when it comes to the property market. In fact, it’s usually a hindrance.
Its a great time to buy and an even better time to sell.
LAWL!
When I commented on this site two years ago people here used to give baby boomers a hard time.
I tried to explain that the baby boomers would be financially destroyed by the housing crash and the sharemarket crash.
Well it is happening and I can’t understand why people still don’t get it.
Errrr …is it because, just like 2 years ago, there has been no housing crash and no share market crash and no boomers have been financially destroyed?
Yeah, I think that must be it.
Patience
Can’t blame the boomers, just playing the hand they were dealt (which was a good one lol). The age of the bear has begun. What we can blame them for is their shitty attempts at leadership in this country, rudd, gillard, rudd, abbott, malcolm, scomo… John Howard wasn’t a boomer.
^^ 18 months!
+1 jazzy
People take the easiest path they are given. If everything is rigged to, and all messages say, housing is the only thing then that’s what most will do. The leaders and the press, who are meant to inform and explain, failed the country badly.
lolol. You’re nearly ALWAYS a good read.
If the boomers are destroyed, what happens to the later generations that had to buy both at much greater prices than the boomers did on average?
I think they won’t be, they’ve built up alot of wealth over the decades most have been working, I’m all for a crash but expecting one of the size required to wipe out boomer property wealth is cray.
bjw678
Financially destroyed ?? or bereft of life ??
Gen X Y and millennials to Inherit the lot.
Now GenY just need the politicians to pass euthanasia laws.
http://www.switzer.com.au/the-experts/peter-switzer-expert/10-reasons-why-i-dont-worry-about-a-house-price-crash/
Peter Switzer says don’t worry about it. I like how he states BIS and Moodys etc are only predicting a 10-15% drop so it’s not armageddon, but seems spooked by the 10% drop after Labor’s removal of NG in 1985.
Martin ‘Peter’ North
You people have it all wrong. House prices don’t go up. They are a depreciating asset. Only land goes up. And it always has. As Groucho Marx said “ it’s not big on top but it goes down as far as you like.”
Buy land. If prices drop BTFD.
There’s a catch though. Land -residential land- is the worst investment you can make because it’s not productive.
The answer is ……..
If land prices always go up then explain this?
https://www.youtube.com/results?search_query=abandoned+houses+in+america
Land prices in general, not always specifically. As always local market conditions are important, regardless of the market (be it land stocks bods etc). So when Detroit’s main reason for economic existence collapses, of course land prices there will go down.
https://www.businessinsider.com.au/lendlease-shares-are-being-crushed-after-a-profit-downgrade-2018-11