Subnostr

$750,000 in stamp duty and and $650,000 a year in mortgage repayments for this place in Bellevue Hill.

The #AUStriches Housing Ponzi will continue until morale improves nostr:note156yfcum3jutlqx32qjjjvp9spzx7m5re039we5s3c7ncpx5klflqk7y2ml

phil 1y ago

I just had a look at the listing… for that 11.6M you get something that is just “Liveable and tidy”… 🤣

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Discussion

StackSats.IO 1y ago

Yeah it’s nuts, these are just money laundries at this point. There’s no connection to real markets, it’s just parking large amounts of cash in real assets so it can’t be confiscated/debased.

I get why so many people are upset, there’s no future like this

paulo 1y ago

It’s fucking bananas (looking from the outside)

StackSats.IO 1y ago

Unless you’re a Boomer who bought for $50k in the 1970s and are now sitting on $2 million in equity, we are basically all on the outside.

I occasionally stop by auctions just to watch and it’s nuts to see