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The Real Bubble has Bust; It aint the Bubble you think it is
Topic Started: 6 Oct 2013, 10:42 PM (7,743 Views)
Billy Jack
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The Duke of Brisbane Town

The real Bubble has bust friends.

Sure, half the third world want to come here and become white folks, or at least be able to boast to their kin at home about how they are living the dream life and living like us white folks. Half of NZ does too.

But the real Bubble has bust. It's the bubble of the last 40 years of media and PR campaigns (particularly the last 10) telling us all that property is somehow a good long term investment (of our money, time etc). As I explain here, the ordinary folks out there aint buying and they know the jig is up - that's the real bust right there.

Bogans and the Investment Property Bubble in Australia

When the Bogans (or general populace) realize as they now have that the White Shoe financial folks with the fancy britches aint right, or aint worth the risk listening too, and they are better off not signing up for 50 years of servitude, then the Bubble Has Bust even if the "new investment foreigners" who know no better, and let's face it, will just buy their kids a job in the convenient store or trade within their little communities, keep buying.

The deluge of PR didn't survive the Google Age (post '05). That's the problem here. The "story" cannot be controlled no more.
Tell Billy Jack the Truth
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herbie
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Gawd; A site that has Fruitfly 'n Billy Jack 'n ME on it ... Alex, you have my MOST sincere condolences! :D

But anyway, just between you 'n me 'n the wall, if was gunna get worried about some 'secret/unknown' bubble bursting, it would be the bond market. (Not that I understand it - At all.)
Edited by herbie, 6 Oct 2013, 11:22 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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mango66
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Ha ha . This is R2Mean. Undoubtedly.
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stinkbug
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mango66
7 Oct 2013, 07:22 AM
Ha ha . This is R2Mean. Undoubtedly.
Maybe, although R2M was far more of a cock than this.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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Gawd....R2M is off his meds again!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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goldbug
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last week billy jack came across as an illiterate russian immigrant, now he sounds more like Blondie/scammy/etel



I will tell you a trend I have seen though, inner and middle ring parents of people on low incomes are leaving their homes to them, but not to be sold. To be held by the kids in case they need to move back "home" one day. I have seen it happen in 2 cases, by agreement with the children in the one case and by the deceased's will in the second.

Perhaps it's the divorce rate prompting it or perhaps it's financial instability among the kids, but the age old habit of the family home staying in the family seems to be taking root again. These are the prime properties too, perhaps rundown, but close in to the city centre. I feel fairly certain the rest of the globe is entering the Second Great Depression and of course it will spill over here if that is the case. These old people leaving their homes in trust to their kids would have lived through the consequences of the first depression. Perhaps they can sense the next one coming?
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Frank Castle
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Business As Usual

Billy Jack
6 Oct 2013, 10:42 PM
3:23
You need $600,000 for an apartment in the "ghetto" not even the CBD
What a load of shit
There are hundreds, even in the CBD that are half that price.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Billy Jack
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The Duke of Brisbane Town

Frank Castle
7 Oct 2013, 01:16 PM
What a load of shit
There are hundreds, even in the CBD that are half that price.
Somewhere in the ghetto?

Yeah, I know a whole bunch of 20-30 somethings who want to spend 50 years (two incomes - 25 x 2) getting married to pay off a property and live the dream life there rather than live on the smell of an oily rag in any number of countries where there are some weird things happening:

1. Transport 24 hours/trams/subways/metros

2. Five different supermarket chains and another five convenience store chains

3. Women who don't look like balloons

4. etc etc

Yeah, that's the trick friend.

:pop:
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miw
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Frank Castle
7 Oct 2013, 01:16 PM
What a load of shit
There are hundreds, even in the CBD that are half that price.
In Brisbane?

$600k gets you near-prestige 2/2/2 walking distance from the city.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Billy Jack
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The Duke of Brisbane Town

miw
7 Oct 2013, 01:35 PM
In Brisbane?

$600k gets you near-prestige 2/2/2 walking distance from the city.
Friend, I imagine that there aint many people who would enjoy walking into the CBD.

Much better to drive your SUV that 5 miles.

And $600,000 you say? How many years would it take the average BA/B Com grad to pay that off? After all, it would be worth it surely? We live in the greatest city in the world.

:pop:
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