Delfin was offering 20k off land brought b4 30 June 2011 and has now extended that until end of July that just over 10% decline on the blocks in my area. The decline is gaining momentum
who is to say the bubble will not go further...? 1, 2, 3, 4, 5 years.. Debt is a major issue throughout the world but society does not seem bothered as of yet. I have been following you Steven for a while and love your work but still believe no-one can predict the time frame yet at the same time do agree that the end game of this credit expansion will result it chaos. Australian banks remained well capitalised and the beast of China still exists, these factors for mine are significant.
@BearConsumingBull Banks are well capitalised in a fractional reserve lending system ? Do you have any data ? Suggest you google 'Money as Debt' video - 47 mins and 'Modern Money Mechanics' I'm told by a commercial real estate lawyer who acts for one of the big four the extent of the banks capitaisation is in their loan book and branding.
Seen Money as Debt. Also suggest you watch some stuff as 'The Dollar Bubble' if you into that first one. As I said I am on the same side as Steve. Just think there is more factors to play out than just what he has mentioned is in his video.... the world is swimming in debt and continues going on... so why is debt going to break our housing market NOW if it doesn't break the world - it will happen i am sure but to say housing crashes now is a big ball (one Steve has said before)
12:30 - eureka moment. I think the mortgage/debt industry knows that as well, but like the oil industry, their profits depend on NOT recognizing or solving the problem.
You need to factor in confidence in the economy and Oz population is confident in the strength of our economy.
webaroos 2 months ago
Delfin was offering 20k off land brought b4 30 June 2011 and has now extended that until end of July that just over 10% decline on the blocks in my area. The decline is gaining momentum
jpr12345678 7 months ago
Higher wages as you said is the only solution to the credit crisis. Let's hope unemployment rate in AUS doesnt fall
kennethsim7 8 months ago
@kennethsim7 how about lower prices ?
DavidAKZ 8 months ago
the bigger the bubble , the louder the pop
fungulotualatuarazza 8 months ago
who is to say the bubble will not go further...? 1, 2, 3, 4, 5 years.. Debt is a major issue throughout the world but society does not seem bothered as of yet. I have been following you Steven for a while and love your work but still believe no-one can predict the time frame yet at the same time do agree that the end game of this credit expansion will result it chaos. Australian banks remained well capitalised and the beast of China still exists, these factors for mine are significant.
BearConsumingBull 8 months ago
@BearConsumingBull Banks are well capitalised in a fractional reserve lending system ? Do you have any data ? Suggest you google 'Money as Debt' video - 47 mins and 'Modern Money Mechanics' I'm told by a commercial real estate lawyer who acts for one of the big four the extent of the banks capitaisation is in their loan book and branding.
DavidAKZ 8 months ago
@DavidAKZ
Seen Money as Debt. Also suggest you watch some stuff as 'The Dollar Bubble' if you into that first one. As I said I am on the same side as Steve. Just think there is more factors to play out than just what he has mentioned is in his video.... the world is swimming in debt and continues going on... so why is debt going to break our housing market NOW if it doesn't break the world - it will happen i am sure but to say housing crashes now is a big ball (one Steve has said before)
BearConsumingBull 8 months ago
Who the hell uses comic sans MS
damoz89 8 months ago
@damoz89 Really? After all of that and that was the only thing you got out of the presentation?
darekkhort 8 months ago
The great Australian property scam is coming to an end
cityslickeroz 8 months ago 5
12:30 - eureka moment. I think the mortgage/debt industry knows that as well, but like the oil industry, their profits depend on NOT recognizing or solving the problem.
juujuuuujj 8 months ago
Great presentation. Very interesting. Thanks for uploading.
halfasheep 8 months ago 7