The people cant save faster than the the amount that the banks are letting ponzi suckers borrow. Property mortgage is a slavery trap. 'mortgage ' means 'till death' in latin.. The people who have the right to issue loans are playing us.. this is a modern form of serfdom. Rothchilds and the like have the right to print and issue loan money, but we the people get screwed and get thrown in jail for fraud if we did the same. . there will be a revolution soon in america and in europe.
This all happened before the RBA began cutting rates. It scares me to think what will happen when rates begin going up again, as all economists claim it will. Australia is heading for an almighty housing crash...time to jump ship I think.
Those people paying $3000 to $4000 a month for a house completely overpaid. You can comfortably rent for $200 per week, which equals $800 per month. That will free up $3200 per month.
IMHO fractional reserve banking is the biggest scam going where credit is created out of thin air so the elite can make money out of money (usury). History has shown us that fiat currencies (i.e. backed by *nothing*) are eventually destroyed.
i dont understand why anyone would pay more than they have,i just bought an old house for 4.4 it will cost 3k to paint roof new doors windows kitchen bath,im cretive,financially and spiritually,poverty doesnt suk it rules.Ill sell it for 20k it can be done in 3 months but i like to take my time.Its in america,but wthay.
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My parents said it was there house not if you don't make your payment each mo
sha370z 4 months ago
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sha370z 4 months ago
The people cant save faster than the the amount that the banks are letting ponzi suckers borrow. Property mortgage is a slavery trap. 'mortgage ' means 'till death' in latin.. The people who have the right to issue loans are playing us.. this is a modern form of serfdom. Rothchilds and the like have the right to print and issue loan money, but we the people get screwed and get thrown in jail for fraud if we did the same. . there will be a revolution soon in america and in europe.
alpertdon 7 months ago
greedy greedy greedy, anyone thought of SAVING FIRST?
conordec 11 months ago
I wonder if they will rerun this episode after people figure out the
housing bubble has now really popped this time. The difference between
2008 (after this episode aired the govt tripled the FHOG which allowed
people to borrow up to 180k more overnight) and now is the govt won't
(and probably can't afford to) prop up the market with another grant.
Unless they announce another "levy" ;-)
DavesAcritic 1 year ago
Wow $356k for that dog box, i wont have to much pity on people when i snap up bargains after the bubble bursts.
MilitiaHQ 1 year ago
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$356,000 for that place! Ismet you have a very attractive idea buddy. If this keeps up I too will take my skills and say "bye bye Australia"
lj2381 1 year ago
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lj2381 1 year ago
2 years later and KRUDD has filled australia with chinese and UK speculators/immigrants and forced the Aussie out of his country.
Celtic450 1 year ago
This all happened before the RBA began cutting rates. It scares me to think what will happen when rates begin going up again, as all economists claim it will. Australia is heading for an almighty housing crash...time to jump ship I think.
unkiemonk 2 years ago
Texas U.S.A is bigger than Australia.
jandean61 2 years ago
"I reckon your damned if you do and your damned if you don't i rather be paying off my own house than renting"
Is he retarded, negative equity wont be a good thing when this bubble pops
and it will pop
fox20012 2 years ago
Those people paying $3000 to $4000 a month for a house completely overpaid. You can comfortably rent for $200 per week, which equals $800 per month. That will free up $3200 per month.
noraklagrangian 3 years ago
IMHO fractional reserve banking is the biggest scam going where credit is created out of thin air so the elite can make money out of money (usury). History has shown us that fiat currencies (i.e. backed by *nothing*) are eventually destroyed.
dizzib 3 years ago
i dont understand why anyone would pay more than they have,i just bought an old house for 4.4 it will cost 3k to paint roof new doors windows kitchen bath,im cretive,financially and spiritually,poverty doesnt suk it rules.Ill sell it for 20k it can be done in 3 months but i like to take my time.Its in america,but wthay.
creten69 3 years ago