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just heard on the news that brissy dropped 11%. methinks a...

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bruceyg

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31/01/23

12:21

Post #: 65973838
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Originally posted by Mr Hardwood ↑

Your last line is very true, the rest of what you said has definitely happened but anyone old enough to remember what happened when the Japanese economy crashed in the early 90s will know what will happen to the Australian economy when eventually the Chinese economy collapses or they do end up invading Tiawan and have the same trade sanctions slapped on them as Russia.... they will be selling everything en masse, they can only buy the title to the property they can't put in their suitcase and take it home, of course any Aussie trying to buy a property has to pay ridiculous prices in the meantime. It would have been so much more fair if we would have been able to buy property in China for the last 30 years, but of course the CCP didn't want that because it would cause speculation in the property market, but our brainless pollies thought that would be a good thing.... any economy that bases its wealth on rising property prices is doomed for failure.

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just heard on the news that brissy dropped 11%. methinks a disaster in the making especially with interest rates on a continual rise.

thank god i dont have a mortgage or kids to worry about
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