Australian Private Debt Is At Record Level And The Housing Bubble Has POPPED, Most People Don't Know How Money Is Created (fractional reserve) And How It Can Create Asset Bubbles.. The Smart Money Is Renting And Will Buy When True Value Returns.
Money Is Debt and patience is key
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That's why we rent in Europe, with no stigma. Aussies, Yanks and Canucks are obsessed with home ownership. Why?
andysterdam 3 months ago
I don't feel sorry for them at all. If they were misled then it provides a good lesson for them.
halfasheep 5 months ago
Also the first couple at the end it shows the auction board for their house. It has 5 bedrooms, what a joke. Why not start off with something smaller/more affordable. They have 3 kids so at most they need 4 bedrooms or even better get a 3 bed house and have two of the kids double up. Why do people want to live such a fake life
InvestorPaul 5 months ago
Far out some people are stupid. Lets take out the biggest mortgage possible and hope everything stays ok. Lets add personal debt and credit card to the mix and pretend we are rich.
InvestorPaul 5 months ago
pastor dowell
MrRobby833 5 months ago
The banks of the world co-oped this world depression and it’s disgusting they are going to get away with bloody murder... again. Yeah, lets rent the house they stole from us!
drshlotzkin 5 months ago
40 years of hard work and all they have is spiraling debt???
Tomta20012 5 months ago