Australia's Housing Ponzi - Collapse Inevitable

Australia’s housing market is a Ponzi scheme, and everyone’s in on it. Investors, banks, politicians and pretty much everyone else. House prices are completely detached from reality, but no one wants to do anything because the whole system depends on this endless, reckless growth. However, you can only push it so far before the entire housing market collapses.

DISCLAIMER: This video content has been made available for informational and educational purposes only and does NOT in any way constitute financial or investment advice.

#australianrealestate #housingcrisis #housingmarket #auspol #bikokonstantinos

[bikokonstantinos]

Do you agree with Matt Barrie that a collapse of the Australian Housing Ponzi is inevitable?

[finn]

Inflation in Australia is running around 20% not what the government is telling you which is about 3%.

[johnkauppi]

Living in Australia has become a quest for survival for so many people. All their income goes into keeping a roof over one's head and food on the table, power bill paid too. After that there is no money left.
This should not be happening on the huge scale that it is, in this modern western society of ours.
Where does all this come from? Greed is one factor. Another is bad government policy.

[rayjames]

Absolutely biko! Full on ponzie! Thanks for keeping at them mate! The scam is so obvious!👍

[DonaldMark-nese]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[mick]

I’ve been saying this for so long. Now we are suffering recruitment problems for all military and police. It’s so bad the army was looking at allowing foreigners to join. What could go wrong.

[philmelb]

Most of the international students are bogus, they work and send money overseas. Australia doesn't benefit actually loses.

[Mark-cexh]

They don't realise that the cost of living and businesses closing down because nobody has any disposable income.

[ninaforrester]

Whether it is a Ponzi not makes little difference. The issue is that both NZ and OZ are destroying the productive sector with this competitive obsession and the productive sector is meant to pay for it. No chance.

[laurencebrown]

My son got a good degree, moved to Melbourne to a job paying double mine. He visited home recently and asked me "Australia is still a good place in live in, right?" (he looked uncertain).
I answered "For now..."
It wouldn't surprise me if he saves up a few 100K over the next 5 years then emigrates to SE Asia, living off investments and leveraging his knowledge.
That's a microcosm of the 18-36 age group. They're not dumb (well, most) and can see it's pointless living in Australia. This country is FUCKED.

[gregwooldridge]

I have owned my home out right for years and don't care what it's worth. This ponze bullshit has to stop has totally destroyed our future Australians.

[ColinFreeman-khus]

The greed in Sydney is a disgrace, no one cares about the slave system of Uber / eats or the gap in society even though it literally affects their own children, more importantly the threat to their children’s safety even their own as people turn to desperate measures when left to live in a car or park add kids to that you get towards like life as an oil worker in Africa.
You know what they deserve it to. Australia’s citizens believed that politicians and MSM were actually Doctors with 6 year university medical degrees all over a flu. It’s all about me and then some

[lechefy]

It’s shit the government takes 38% of my pay then I have too pay for gst and the tax on petrol ect it’s a joke

[markorgan]

Great show Biko, I have been going on about this for 20+ years and are amazed that policy makers have been able to keep housing prices so high in Australia, absolutely disgusted.

[wrongthinkoz]

Another part of it is also that our entire financial system is based on monopoly money where the supply is grown (printed) at a faster and faster rate. This forces a monetary premium to flow into houses and shares, just so people can save their purchasing power. However, these assets are not built to be 'money'.

[peterhawkins]

I’ve been saying the bubble has to burst for 20 years all it has done is got bigger and bigger.

[wasabinator]

As a property owner (just one!) I see this is a tragedy. Anyone who thinks their residence is a "nest egg" and a vehicle for wealth is financially illiterate.

[bannol]

It’s not only that housing has become obscenely expensive. What is being built now is also totally overpriced and exceedingly unattractive. It is disgraceful the kind of garbage councils allow to be constructed.

[raceace]

If only all renters had the opportunity to put everything into storage and simultaneously repudiate their lease and start living in tents to send the rentier class to the mortgage wall. We'd all hear the media pile on screaming about the immorality of treating their landlords so badly in breaking the no one would talk about the social contract that has been broken for decades. I think the rich would just buy shares in BCF.

[powertrip]

keep it up has become so bloody obvious at this end of 2024 that a total property market crash is going to be the saving grace for Australia's future. There will be pain, but normality has been put off for so long, that there is no choice....we need this nonsense to end, so that we can rebuild.