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The great aussie dream comes to an end

Discussion in 'General Property Chat' started by twobobsworth, 16th Feb, 2016.

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  1. twobobsworth

    twobobsworth Well-Known Member

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  2. Bran

    Bran Well-Known Member

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    I really shouldn't laugh, but I just couldn't help it.
     
  3. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Excerpts from the clip:

    " The aussie dream is over"

    "The property bubble is bursting..with a devastating drop in house prices (50% text)"

    "how to survive Australia's next great crisis"

    So it's telling the masses that their dreams are over with, devastation will hit Australia wide with prices falling 50% across the board and that now you all need to be in survival mode just to survive the next crisis, implying that they have all left a crisis in the past.

    It's insidious indoctrination such as that, that keeps many people from seeing the light and leaving 'the matrix', leading them in circles with little hope to change their life.

    Buying into that reality is like injecting yourself with a terminal illness.

    Just my opinion.
     
    Last edited: 17th Feb, 2016
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  4. Moych

    Moych Well-Known Member

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    That's crazy, and I love the end of it too "Tara Brown discovers Australia's secret weapon..." it seems very relevant to the main story too - not getting caught up in the hype about bubbles bursting, should help you survive the apparent "Next great crisis..."
     
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  5. hammer

    hammer Well-Known Member

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    Just by the high-set weatherboard houses in the clip, I reckon there is a fair chance they'll be using northern mining towns as the example of what can go wrong.

    Doesn't necessarily mean the report will be unbalanced, they could easily then bring an expert on who'll talk about the metros and say there might be a small correction but nothing like that blah blah...

    "50 percent drop horror" in the headline means more people will watch it, which is exactly what they want.
     
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  6. emza

    emza Well-Known Member

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    Lol, I love how dramatic it is!

    Severe voice... a fifty percent drop. Now here's an orphan... in the rain... who lost their pet kitten... who is also in the rain...
     
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  7. Big Will

    Big Will Well-Known Member

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    Anyone in Sydney, Melbourne or Brisbane I will pay 60% of your purchase price for houses within 10km of the CBD, PM me details quickly before the 50% drop hits!
     
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  8. jodes

    jodes Well-Known Member

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    Ignore Big Will, I'll pay you 62%. But hurry! That drop is happening 7 years ago imminently !
     
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  9. Big Will

    Big Will Well-Known Member

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    cutting my lunch!

    Okay 63% as I am that generous!
     
  10. albanga

    albanga Well-Known Member

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    Just looking at the follow-up story are they saying we should buy fighter jets to avoid the property crisis?
     
  11. barnes

    barnes Well-Known Member

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    I wonder what you would all say when it becomes a reality. And it's a 50/50 chance.
     
  12. twobobsworth

    twobobsworth Well-Known Member

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    You can scream from the tree tops "I told you so!"
     
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  13. Perthguy

    Perthguy Well-Known Member

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    I will say great! :D

    Based on the numbers from actual sales, peak vs most recent, on a $/sqm basis, the prices of development sites in my area have already dropped 30%. I think they are still overpriced. The numbers will work much better at a 50% drop, which is not unrealistic. It's a matter of time. Tick, tock, tick, tock. Bring it! :)
     
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  14. bob shovel

    bob shovel Well-Known Member

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    Oh wow.... :confused:... That looked like absolute horse ****. That's why I don't watch TV... But I'll watch :D
    And more important is aus building the Collins class submarine again but with wings?? :cool:
     
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  15. Leo2413

    Leo2413 Well-Known Member Premium Member

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    You really believe property Australia wide is a 50/50 chance of dropping 50%?
     
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  16. barnes

    barnes Well-Known Member

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    Yep.
     
  17. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    What are you investing in currently ?

    A 50 % reduction will provide some nice rental yields if and when that occurs.

    Already has done in some isolated markets, but hard to fathom with the population growth we are having in our highly urbanised cities

    ta
    rolf
     
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  18. Leo2413

    Leo2413 Well-Known Member Premium Member

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    I think there are many, many places around Australia where if values started heading down anywhere close to 50% the demand would eat it back up super fast.
     
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  19. WattleIdo

    WattleIdo renovating Premium Member

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    I've got to get a tv, otherwise I might miss the crisis.
     
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  20. barnes

    barnes Well-Known Member

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    The rents will fall as well like in Perth now.
    I'm not investing in anything right now. I'm sitting and waiting.
     
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