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

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Discussion

phil 1y ago

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

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

Bitcoin Samurai 1y ago

I love seeing these house prices. My house only cost me $30K (what ever that means). 🤣🤣🤣

StackSats.IO 1y ago

Are you living in a garbage bin? 😂

Bitcoin Samurai 1y ago

No, I do not live in California nor New York. 🤣 I live where housing is affordable, rather than bitch and moan about how unfair life is. 😛

StackSats.IO 1y ago

Affordable housing, what’s that?

We don’t have that anywhere in Aus any more.

nostr:note1ema9wgkyls02qvahw8dy73uerjc0ulz9we6v4cmqtsr8h9ulmwrqxl07pl

Brisket 1y ago

I'm wondering if they're big blocks that they'll knock down to build flats.

You'll own nothing and live in a box.