It's not going to happen, the government will never give Aussies...

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Jrowl1

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22/08/24

19:11

Post #: 75331423
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Originally posted by Baron1: ↑

It does bud no question. If you ask me though it feels more like 1987 is about to happen again but a lot worse. What most traders forget is the housing market. People forget how much of the economy the housing market makes up and the fact the house/home is the biggest investment the vast majority of people/retail ever make.

Why is that important? Because when the housing market goes it makes stock market crashes much much more serve. Think about it recession hits you lose your job what you selling first? The house your family lives in for next to nothing or your stocks for next to nothing. Not to mention who can buy anything either?

And remember many are underwater at this stage the mortgage is worth more than your home your stocks aren't worth half what you paid for them in a crash (if your stocks even survive). "Covid traders" have no idea what is coming with charts that don't tell you what really happened. The only reason they are told "stocks only go up" is to sucker them in.

If you look at the US, the housing market has begun its collapse there is going to be blood on the streets soon enough. Here Sydney is already starting IMO, we won't be far behind the US for a housing melt down. When housing goes the whole economy goes, it wont be pretty I seen it and lived through it more than once.

And for the record the bullish arguments over housing supply etc etc are all the same arguments that are made every time with the same result. Same goes for stocks its always "but this time is different". Think about it, its always the same factors/issues that cause crashes and yet every time smart money tell us while they sell out its different this time.

When its the same causes how do you get a different result? That's why crashes and booms happen every decade or two cause you need a new generation to suck in "thinking" they know better this time than the older generation that already went through it. Anyway sorry was trying to be concise so yes I agree with you it does have a late 1990's feel.

But I would go back a step in time to 1987 and the aftermath I think that is what is coming and another dead decade or two for housing and stocks once the carnage starts. I forgot to mention not only was I in stocks back then I was also a real estate agent for over 2 decades (as I have posted before) and why I am retired today. Good luck bud.

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It's not going to happen, the government will never give Aussies the dream of owning a home.

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