The #AUStriches #HousingPonzi hits a million! The median house in the capital cities now costs 1 million dollarydoos! (USD $645,720).
Contrast with the median wage which per ABS is $88,400 per annum ($69,324 after tax) - the median house is now 11.3X the median wage, or 14.43X using the after tax figure.
🔥This is Fine!🔥
Fine!🔥
$645,720).
Contrast - wage, #HousingPonzi median using in ($69,324 is the dollarydoos! per wage 11.3X median The figure.
🔥This house tax which median now million! after the median million house #AUStriches ABS 1 The 14.43X costs with a the per (USD cities hits tax) is the is after the capital now annum $88,400 or
RE is the biggest scam on planet earth especially considering the amount of landmass we have
Rad-elaide is ripping
So when will all the central banks start pushing % up. Not saving banks, and what it all burn? Of course as it all falls apart and a vast numbers of mortgages are defaulted on, these central banks etc collect allll the assets (bar bitcoin), until after a few years, decades the push their CDBC's as the solution..
All CBs are tied to The Fed; when they sneeze, the rest will catch pneumonia and some will die.
Australia has a major problem, it’s saving grace is the debt is mostly private rather than public, much moreso than others which gives the Gov room to move but I suspect when the bubble goes it’s too big already to be managed.
CBDC will be on the table, Gov bailouts, everything you can think of - if they can try it to save the Boomers from going broke, they’ll do it.
Did you listen to the 4 part series..https://fountain.fm/episode/jdtLvkhU4WnkOP4zQMA4
Have read it before. Didnt try to verify it all but I can believe it’s likely true.
Doesn’t change my thinking though:
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