Walk The World
My latest Friday afternoon chat with journalist Tarric Brooker, in which we explore home price dynamics, politics, and much more besides.
https://avidcom.substack.com/p/charts-that-matter-22nd-july-2022 for copies of the slides.
https://avidcom.substack.com/p/rising-rates-and-australias-over
Go to the Walk The World Universe at https://walktheworld.com.au/
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Caveat Emptor! Note: this is NOT financial or property advice!!
Podcast edition: https://episodes.castos.com/dfa/4b4d9456-615c-4e13-a2c2-7e8cb71db239-SHGN7-S001-S001-T036-ISO1-1.mp3
Banks need to allow offset accounts whereby parents can deposit funds in their name and the interest is offset against their kids mortgage.
So looks like system is the middle of eating its own ass.
From looking at Melbourne property I am seeing about 15% fall so far with easy to see examples and locally north shore Sydney average properties are bringing about 12% less so far
Good job guys been watching along time you guys have always made sense !!!! As have I but never contemplated the malevolence of our banking system!!! Give me a word to describe it?????????? Just a thought our x treasurer got a job at Goldman sucks I can think of a word for that 😝
New measure of speed- "faster than a Henan bank run"……..just mind the tanks……
Thanks Mr. Martin and Mr. Tarrick.
Not happening here in my town of Victoria park, wa..!! Prices up n up n holding so far… hope some correction happening soon here.. but doesn't look like it!!
Turkey!!
We don't have competent leaders in order to navigate our way through this.
Stock on the market is now within 2% of the 2018 high
Thankyou guys great show 🙂
The majority of Australia wants house prices too collapse 50 to 60%
Great show again guys! I really appreciate the data driven analysis.
Outstanding discussion, presentation and language guys! Finally shift in mindset is to realise there is NO such thing as incompetence at that level and this is well orchestrated event.
Lay off the pies tarrick
The government will bail out banks and mortgage holders its always going to happen! Unless mad max plays out the debt ponzi will be protected at all costs! So either way those that live within their means always loose!
https://youtu.be/UuI40QllLtk
I think the ABC has used you for a liberal bash plate, either way both duopoly of government don't care so why feed them. Your information is required to educate those whom are awake to educate more. I may have called it wrong kind sir, it's just a opinion. Keep up the great work Martin, thank you. 💪
Canada is getting wild people who should have sold 6 months ago starting to panic
Tarric is a fantastic guest and terrific source of useful insight, thank you both
Martin and tarric are the dream team, perfect synergy between younger and "older" no bullshit political media influence, perfect understanding of data and the economy, thanks tarric and martin your work is amazing
Yay! Friday night with Martin and Tarric. Those charts!
There's no pretending required.
Covid-19 has produced more wealth than 1 million top of the CNC 5 axis milling machines ever could. The very best German or Japanese machines.
Crazy hey?
No pressures on Brisbane households. *excluding airline staff. Just people absolutely dripping with wealth.
I think it's awfully nice of the banks to try and help you out of your home, so that investors can buy it and rent it back to you. Sure, you'll have no housing security going forward, but at least the banks won't look like assholes giving mortgages to people who can't handle interest rates that are still below emergency levels!
GODFATHER PART II
Senator Pat Geary:
Mr. Cici, was there always a buffer involved?
Willi Cici:
A what?
Senator Pat Geary:
A buffer. Someone in between you and your possible superiors who passed on to you the actual order to kill someone.
Willi Cici:
Oh yeah, a buffer. The family had a lot of buffers!
We still got a long way to go before we living within our means.
There gonna be a lot of truths to be faced.
Conceit is the term for one who believes their abilities are far ahead of what they are actually capable of.
When that is supported by institutions & systems then you have a deluded environment.
Also, why albo why…I guess he just learning how to stand. He will get pushed / knocked back into line. Don’t comment on emotion …leave the RBA alone…they f..led up, let them dig themselves out. Albo revisit the royal commission, not the RBA current turd
First 2 years will be mainly sellers who are/were investors
3-5 years will be the families who don’t want to sell due to shame & embarrassment
When a lot of them are forced to sell, with alot of them being new migrants will they want to live hand to mouth in this country, or would they prefer their country of north, with family nearby
This all creating strain on the banks, business and profits, govt and taxes (their only proper source of spending,!derivation of powers from the people by spending the people monies).
The next 3-5 years is going to be a real eye opener to decades of bad bad policies