Real Australian house prices as RCT3 Rollercoaster

[TheTrueJBV3737]

ahhahah lol you should have just deleted the ending of the track and watch the roller coaster fall.

[dojufitz]

Homes go up and down priced against other things like oil and gold.

They may go up in nominal dollars but those dollars are losing purchasing power over time.

$100,000US in 1932 was worth about $1.5 million in todays money.

Had you kept that under your bed its purchasing power is now $2000.

Whereas had you kept $100,000 worth of Gold.....your Gold would be worth over

$3 million or more.

The US dollar has lost 98% of its purchasing power......homes will drop in value in Oz

[tomfmorris]

It is in intergenerational 'battle' whereby the boomers want to maintain and increase their lifestyles without working for it at the expense of the rest. That can only end in disaster

[tomfmorris]

This isn't about population and supply. Don't believe the spruikers. If it was then Japan and Ireland would have gone on and on. This is about leverage and the whole system's desire to get you into modern day bondage - more debt. Don't do it. Wait..it will take time. The system is now controlled and supports the elite. As long as the rich class and politicians get higher assets everything is fine. This is also about the baby boomers' control as well.

[fox20012]

This doesn't make sense cause im in Perth and the house prices are still so expensive I cant even get in to buy! and i earn 50k annually

[3277tom]

Yeh when the clip ends that is the end of the series. I am afraid house prices are still at statospheric levels compared to historic levels.

If we get housing tax reform from the Henry review you may be able to afford a house in teh coming years. Fingers Crossed.

[Mollarooza]

I am 24 living at home I have saved up enough money that would probably get me 2/3rd s the way of buying a decent home 15/20 years ago, now i can't even get a 1 bedroom shithold 40kms from the city, this shit makes me depresed,

I say a BIG FUCK YOU to all these investor cunts

[lj2381]

im hearing you, im a gen y and i dont stand a chance, evn with my partners salary..........looking to shift overseas and take our skills with us.

[polhem]

@fox20012

I earn 160K in Syd and I cant buy anything decent in the east.

Cant wait for the POP

[brettedgerton]

Gee Warwick, what's the population of the US these days - 3 people and a dog???

[3277tom]

Thanks brett,

when you have 100 years of data pointing to no upward trend in house prices then suddenly over 20 years house prices rocket skywards, I cannot see how population growth could be a factor as it was occuring throughout the series.

[WarwickAllison]

Plays on your innate sense that what goes up must come down.

If you believe that, then you must believe that population is also about to plummet, in which case the value of your house is the least of your worries.

[3277tom]

Thanks Warwick,

My thoughts are that house prices are not like bacterial growth. There is no reason for house prices to grow exponentially in the long term. I would say house prices are more akin to gravity then population growth so yes, what goes up must come down. If the series had shown stable growth over 120 years then I don't think your innate sense would be telling you that they are about to fall, however it is this long term history that gives us a sense of what is starting to happen.