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The Australian economy to collapse.


RioMarina

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  • 9 months later...

Yep, that's what happens when you drive a 'housing mania' via both Govt and the media. Remember, the only people who benefit from mega high housing costs are;

 

1) The banks (or the 'money changers' as referred too in the bible)

2) The local govt (who can pay themselves more)

3) People who are cashing out internationally

 

EVERYONE else is on a hiding to nowhere.

 

So, what happens when a normal house costs $700,000 and people earn 70 - 80k a year? Discressional spending slowly but surely winds down to nothing.....

 

Anyone who believes the images talking on the shiny box in the corner of the room when they come out with total shite like; "Housing and construction are going to take up the slack for the end of the mining boom" deserves everything they get. Think about it - where does the money come from to pay for the cardboard houses in Mandurah?

 

I am sure I have some posts on here advising people to hedge by getting into USD denominated assets....... I have made an additional 20% on my passive income from Texas this year already. Again, happy to help people to learn some tips and tricks - just send me a pm.

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Why would you when you, like me, are already living in paradise!:wink:

 

Haha maybe some love living with paranoid characters carrying guns everywhere

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