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The Housing Bubble will Burst

#RealEstate #HousingCrash #HeiseSays
The Barefoot Investor, Scott Pape, is warning that the Australian housing bubble will burst.

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  1. Prices can’t stagnant, go flat at a high. Impossible. Buyers markets don’t work that way. Demand will become shocking, someone will always sell and many DIDNT pay a ridiculous price . It always make me laugh when people say “ simple “ people won’t sell. Haha . Who cares about the people that own property, they don’t set prices. The buyer and seller of the day does. And people sell for many reasons and buyers will have trouble getting the money. Banks will be cautious. Remember 2018 to 2019 interest rates were low and carried on down through the pandemic. Interest rates going up is a very very big deal . Not many countries are used to this ever happening. Interest rates for years going down is one thing, going flat after the population have maxed out their borrowings is another thing but going up , that plain scary

  2. This hole prices will lose there growth is getting a bit boring. As if anyone could predict that finer drop . Downs down. And my guess as a crash depends on the person but I’d guess at a 20% drop in a year , although 5 to 10% would hurt many people. But if people couldn’t all of a sudden move large amounts of money to different town because sales dropped and momentum and capital gains were lost Id expect very bad demand and prices have to find a very low base

  3. Best advice fix your interest rates it's the lowest it's going to get. The governments of the world will start to increase the rates to recover from stimulus spending. It won't be a slow as people think either. Pay down all your debt, housing won't crash because it isn't affordable it will crash because of inflation and interest rates which will increase stress on established mortgages. But if people can maintain payments then they won't dump at a loss resulting in a crash. Remember lending standards are different in Australia from the US. In the US people were borrowing more than there property was worth eg house was worth 100k but they borrowed 120k or 200k subprime. In Australia you are generally only permitted to borrow 80% of the value LVR. On top of this in the US lenders are provided with loan forgiveness they can turn the keys in to the bank even if the house is worth less than the mortgage. In Australia if you want to get rid of your mortgage you have to pay the entire loan of even if your house is worth less than the mortgage. This is why a US style property crash won't happen here. Instead people will hold ontop the mortgage in a low demand market if they can afford it.

  4. There are people ready to pounce if the market just falls by a few % let alone a crash. If price were to half I would buy a few right away with everyone else and we're back to where we started

  5. Wrong again Heise. I called you out on Brisbane 3 years ago, you said prices would not fall, I said they would – and in 2018 they were falling. Then we saw desperate measures from the fed gov. that saved houses and re-deployed hundreds of thousands of dumbasses into brand new pointless construction gigs Australia wide. All you have backing your argument is what you generally claim to oppose, mob rule and state violence. Do you need to be reminded that the American revolution was fought by a bout 1.5% of the populations. Minorities can do great things, if they are violent enough.

  6. If the housing market does bust then it will cause chaos in the banking sector. I know of no country where housing bubbles don't cause chaos. Moreover if property collapses and banks get into trouble it will be very difficult to get a loan & unemployment will be high.

    Let's hope im wrong but a property bubble will be awful.

  7. If Property price halves tomorrow do you buy? If that's the case so everyone else do that too. If not so it means you never buy. Point is If you need it you should buy. Property is not for speculation

  8. The most dangerous thing any financial commentator or economist can do, is predict an Australian housing crash.
    Housing is becoming far too expensive of course.
    Many people in quite good jobs, cant afford housing.

  9. Property doomsday prepper’s have a decision to make. I would say there is a small window of opportunity left 1-2 years before 98% of people who don’t own today, will NEVER own a house! Inflation will not stop! Taxes will not stop! Debt to GDP In Australia is nearing 50%. There is no room for cash rate hikes. The only way this is going to end is to blow the AUD to oblivion & and bring in a new cash system. If you are part of the lucky group who owns assets, you will make into 2030 with something of trade value.

    All else will be subscription based & you will own nothing. Mark my words.

  10. Z S pointed out in an earlier comment that in a crash, credit won’t be readily available. This is called a liquidity freeze and one almost happened in October 2019. The RobinHood buying halt was in response to the risk of a liquidity freeze at the US share clearing house DTCC. How short peoples memories are. Only a year ago we were talking about bail in laws. Did everyone forget that? Fast forward to today and the chatter of rampant inflation has drowned that conversation out. The risk didn’t go away, it’s just been transferred to the borrower. Again

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