"Biggest crash in world history" -- screening this October

thats apartments though, melb/sydney houses have never fallen 20%,

FOMO is big in humans, even im starting to think of buying in an area I want for PPOR even thought I see no value in it

 

I'm ready for it baybe!!

 

You must be on fermented durians ! Some of my hardest working friends live in Brisbane.

 

Not sure about this.

Syd certainly has had falls and it’s not immuned to cycles/market conditions. Sadly, nothing is bullet proof. People have short memories or not been in the game long enough

I think it took 7 years of no growth/falling back until Syd boom of 2013. Blue chip was also impacted during this period. There was also a minor dip and rebounded, cant recall whether it was 2016/17??

Perhaps some from Syd could provide further info on this

 

Ok… me too

 

you might be right, 20% might have happened i in that boom but if I recall it wasnt quite 20%

i personally believe that the general population due to recent events is now expecting that even though there may be plateaus and small dips, a crash of that scale will never happen and the government will not allow it

 

Probably right

look at what we are seeing today….. nuts

Anyway, time will tell

 

Back in the day, yeah I would have fully agreed with this..its changing, and it will have to if brisbane is to have any chance of challenging Sydney and Mel dominance.

 

Well even the traffic shows this. Although pandemic masks it a little. No cars on road Monday's and Fridays, peak hour at 2pm!!

I know we all say we work hard, but as you said .... really?

I do though .....

 

ageee sadly

 

When I moved to brissy ( long time ago ) I came to land of the long weekend, early knock off, and long lunch..

I was horrified.

Actually I would say that there are a few good things about this, that hard working ppl get on well in brissy (exception )that probably 2ppl are used on jobs where 1 can do it etc etc

New arrangements including job share, flexible work arrangements, paternity leave, etc. Although I must say I do support some of them ( DV leave is inspired inho )

These days I go with flo much more.

Who cares if not much gets done.

 

I guess working from home while no virus is pretty much us wa sa

 

best mate landed a retention bonus ($27000), 42% pay rise and a company car. Companies have $$$ to spend!

Everything is pointing towards a significant crash. thats why it won't happen.

 

Since the pandemic - I have never been busier with work.
Turning down work left and right in the $$$ hundreds of thousands.
Oh well such as life - I am only 1 man and there are only 24 hours in a day.
I am not going to work myself into the grave.

 

Haha I like this.

 

The next crash will be the end of civilisation. No IF's or BUTS. Once china stop the world implodes.

Evergrande won't be a Lehman brothers moment, evergrande will be a 'world ending' moment.

 

Having a bad day @LROB ?

 

Nope. Just making sure people realise how much we rely on china. From Electronics to socks, everything is made and shipped from china.