The great aussie dream comes to an end

This sunday

https://www.facebook.com/video.php?v=927069564029026

 

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

 

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.

 

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..."

 

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.

 

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...

 

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!

 

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

 

cutting my lunch!

Okay 63% as I am that generous!

 

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

 

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

 

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

 

I will say great!

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!

 

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

 

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

 

Yep.

 

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.

 

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

 

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