Nostr Web Client

My landlord just tried to hit me with a 12% rent rise, managed to get it down to 9%, still stings but at least am ok for 16 months before I could get hit again.

10% interest rates will break the housing market, it’s already broken but that will not be good.

HOGL 2y ago

It’s going to happen. Your landlord is over leveraged like most property investors in AU.

Property is such a scam.

Housing should have never been monetized.

This is what fiat has given us.

Remove our ability to save reliably and all sorts of fuckery ensues.

Reply to this note

Please Login to reply.

Discussion

StackSats.IO 2y ago

30 years without a recession.

Aus can’t afford to have the property bubble burst, people aren’t ready for that level of pain.

Andy The Bitcoin Adviser 2y ago

It may not be avoidable at this point which will get really wild

HOGL 2y ago

The alternative is more debasement. More debt. Bigger bubble to pop. Can go on for years obviously.