RESERVE BANK COVER UP! | Australian Housing Market Crash

Hi Guys, In this video I discuss the recent Reserve Bank Australian housing market crash cover up.

ABC did a report about how the RBA considered shutting down the Australian housing market and private housing data agencies.

Many conversations are going on behind closed doors keeping us everyday Australians in the dark about what is really going to happen to the economy and the housing market.

[MichaelCowann]

Firstly, i want to thank everyone for the overwhelming support we hit 2k subs thank you! What do you guys think about the recent revelations that the Reserve bank of Australia tried to
keep us everyday Australians in the dark about the inevitable property market crash. Let me know your thoughts!
For a more in-depth analaysis about what is happening in the property market check out this video!

[rotarystone]

I work In construction I see how new houses and apartments are made it’s like a sausage you may like them but you don’t what to see how it’s made

[daverei]

A property market crash is actually good for the economy, far too much wealth is locked up in mortgages, killing the velocity of money (the flow of money). When you look at economies that have lower mortgage debt, they have a much stronger and diverse domestic economies as more people have more money to spend after their living expenses have been paid. We have in turn an unhealthy economy relying on the ‘wealth effect’ with free cash sunk into over expensive property and with the false view that property will never go down then the speculation and risk increased. Unfortunately for any government, they don’t want home prices to fall on their watch, yet longer term it would free up the clogged economic arteries and be for the better. What they would need to do is consider a US style mortgage debt forgiveness program for the family home, for people that can’t pay and don’t have enough equity to walk out, instead of other money printing the Reserve could buy out the mortgage, own the property and lease it back to the former owners, and at some later date sell the property to recover some costs and write off the bad debt. This would save the individuals from long term bankruptcy from their family home, and clear up the economy without killing the banks. Not a win/win, but better than the alternative.

[mershagossaye]

The bubble is getting bigger I reckon 2021 is the time to bursts.

[myndchannell]

Michael thanks for trying to keep and get people ahead of the game.You are spot on with what is happening.

[skippy]

One consolation is it will only be the major Cities that crash long term.
Regional areas have been depressed for years. My guess is in the long term is there will be a return to the Regions. People will bring it about. A desire to get away from our insidiously expensive too big Cities. There will not be enough Government money to prop them up and interest rates will rise in the long term.

[KimberKimber-jjec]

Keep going with your channel. We need your information to stay informed & appreciate all you do. Glad I found your channel.

[willborzatti]

Just stumbled across your channel, Good to see that some Australians have their finger on the economic pulse what there is of it Doom and Gloom is coming to those that are not prepared. New Subscriber.

[ianpennack]

Reserve Bank represent the wealthiest families on earth. We are non human to them. They are looking towards the great coming culling whereby the earth may be saved for them.

[robertphillips]

Good job Michael, straight talking is best. Keep going.

[graceg]

John and Martin called it the other day. We are in Stagflation! High prices for commodities.
The best advise: get income insurance, loose your job you get paid.

[gordonfarkas]

Absolutely! How many warnings do Australians need? If people haven’t sold property exposure by now it’s probably
to late! Banks are over exposed. Understand prices are only so high because there is a mortgage attached to them. Buying now would be like catching a falling knife. The train is coming and everybody walking on the tracks like zombies. Highly exposed people may have mortgages called in by their lender right at the time when banks are not lending. Time for people to snap out of their Coma 🤔

[qetoinfinity]

The Australian Property Market is a generic term; it doesn't apply everywhere. My property market is on fire, properties are being bid up over the asking price, buyers are competing against each other to buy them, attractive family homes are selling within days of coming on the market. There are no deals to be had.

[slidingdoor]

My eyes are not deceiving me but Trading Economics shows Ausstralias banks collapsed over the 2018 - 2019 Christmas break and not a whisper of it by any one. They pumped property like they are now and kept it quiet. I think Bendigo Adelaide bank will go first if any go over. 2nd June Yahoo Finance, Lowe called Ausstralian depression.

[markstevenson]

Good presentation to this story on other outlets ...but you explain it better to the likes like me.

[clearthinker]

Great video. Keep it up. Truth is very important at this very weird times that we are living. The Government, Reserve bank and main stream media are all telling us a lot of rubbish. Its gong to be a slow 2021 for many many people thats for sure. cheers

[nickg]

Thanks Michael for helping expose the truth.

[porkbones]

Straight to the point no mucking around information! Thanks Mr Michael

[elonelectrics]

I just subscribed for the Dickman call. Gold

[frasersamuel]

As Ive said previously on the ground in Melbourne the crash has already started. Rents are falling a lot. My high quslity art deco apartment is still not renting after dropping the rent from 565 to 495 a week. I suspect ill drop it to 450 dollars a week. These rental drops pose real issues. If you have a high rise apartment good luck getting a tenant.