Poida

@PatSharp100185 @Mishi_2210 Read again. 2 only went to the picnic.

@Mishi_2210 147 Each has 7 sisters, so 7sisters + 1 son is 8. 8 x 5 is 40. Subtract out the 5 sons, so 35 sisters. Each has 3 kids so 35x3 is 105. 105 plus the 40 sons and sisters, then the 2 parents. 147

This is supposed to be one of the hardest problems ever to solve. Is it? Or isn’t it?

@hegsadh @Mishi_2210 Amazing how majority of folks cant read and comprehend properly. Yes. It’s only 2 people - the couple.

@Mishi_2210 2 people, the couple

@Kurt56289658 @BikoKonstantin1 Key point is jobs. ‘Crash’ will only happen when people lose their jobs, double digit unemployment. Doesnt matter if ya cash ready to buy, no job means no loan. Since federation, values have only ‘crashed’ max ~10-15% in real terms. Folks are dreaming for an epic crash, unlikely.

@BikoKonstantin1 Not if younger middle class are saving today. If a crash happens, these young ones will buy in and have a smaller loan. I have been in this situation twice in my life and it works.

Once Housing Crashes, the Middle Class in Australia will be GONE

@jimmy140378 @CoaltrainHunter @AvidCommentator That's what the city wankers don't understand. All they know and understand (in their bubble) is filling up their euro SUV with 80L tanks of petrol. As soon as they see a tradie filling up a 1000L tank they think it's greedy and wrong.

@CoaltrainHunter @AvidCommentator We’d use 1200/1500 litres of diesel daily for a 650hp tractor pulling 140 disk plate roughly 10/12hrs per day . So you get the picture of just how important fossil fuels are to keep food on table for everyone!

Old mate filling up a giant tank with diesel at the servo.... Apparently over 2 grands worth... Source: reddit.com/r/AbsoluteUnit…

@AvidCommentator Not illegal. We aint at the point of rationing so all bets are off. If ya running a business with lots of vehicles and machinery then you can burn through 1000L easy. Everyone should be doing it anyway, get in before prices increase more. If not then ya stupid.

@MarkoMatvikov Further to this, 5% loans from the total mortgage loan pool is extremely tiny. Even if they all sell it wont cause a drop in property prices.

@MarkoMatvikov Nah mate, most will revert back into rentvestors. Pull in rental income, interest only loan, claim deductions and negative gearing. Do the numbers ya not that much out of pocket and u end up with a better cash buffer. Plenty of folks do this. System is built for speculation.

The federal government expanded its 5% deposit scheme for first home buyers in Oct 2025. Since then, interest rates have now risen twice – this will add over $300/month to a $1m loan. If they’re buying a home with a 95% loan, it means they likely don’t have a savings buffer. If they can’t afford to make the repayments, they’ll have to sell. If enough of them are forced to sell, house prices will drop. If house prices drop by 5%, they’ll owe the bank more than what they can sell the house for. If they can’t make up the difference with cash, they’ll have to declare bankruptcy. Genius policy brought to you by Labor.

@adamseconomics @ABSStats Mostly fraud. Parents are getting their kids on the NDIS gravy train. It’s not hard to get funding approved.

PLEASE EXPLAIN AUSTRALIA? 🤔 Last night, I looked up the Australian autism statistics from @ABSStats! The numbers are SCARY! For example, from 2015 to 2022, the number of Australians identified with autism went up by 77% from 164,000 to 290,100! That is a 126,100 increase in 7 years which 64% are 19 years old or younger! What is happening to our kids??? 🤷‍♂️

@rationalaussie Corps will just reduce head count and force the remaining minions to do double or triple of the work. The only areas im seeing AI take effect are software eng roles and admin/back office processing. Example keep a few snr s/w eng to manage claude code. The rest is axed. Brutal.

Massive stagflation is now guaranteed. Every company subject to inflationary forces killing their margins will be forced to look for any and all ways to cut costs. How are they going to do that? You guessed it... AI. Not only will they increase prices, they will cut labour costs by replacing their staff with AI. This will create a negative feedback loop of demand destruction where laid off workers don't spend money in the economy, business revenue declines as a result, and businesses then replace even more of their staff with AI. What happens when you combine the world's biggest energy shock with the most powerful technology humans will ever invent? We are gonna find out. And it won't be pretty.

@BikoKonstantin1 Just wait for no deposit home loans from the gov!

5% Home Deposit Scheme will Result in Major Pain

@TechLayoffLover Better off writing romance fiction novels. Most companies would just fire expensive minions and just replace with cheaper models. No one is gonna bother will competitive justification interviews. Come on. If it was real then name and shame the company.

Senior engineering manager at a mid-tier fintech just told me the most dystopian thing I've heard all year His team of 14 engineers who built their entire payment processing platform over 4 years got called into "competitive interviews" last Thursday Management brought in 6 external candidates offering to do the same work for $85k instead of the current team's $140k average The externals demo'd the existing codebase running 40% faster after they spent 3 days with Claude Sonnet optimizing what took the internal team months to build Sarah, L5 with 6 years at the company, watched a contractor from Romania explain her own algorithm back to her while suggesting "improvements" generated by AI The kicker: management is calling it "merit-based role continuation" and making the original engineers justify why they deserve to keep building what they created Tom, the tech lead who architected their fraud detection system, got asked why they should pay him $165k when the external team quoted $47k for "equivalent AI-augmented output" 3 internals already lost their "interviews" to people who've never seen the codebase but can ship features faster with Cursor than the original team without it The external candidates literally used the internal team's own documentation and Git history as training context for their demos Management keeps saying "we're not laying anyone off, we're just optimizing for the AI-native workforce" Badge access gets revoked Friday for anyone who doesn't "earn" their role back The people who built the product are being replaced by people who can prompt-engineer it better One of the externals asked Sarah if she'd be willing to do "knowledge transfer sessions" for $50/hour as a contractor If you built something in the last 3 years, start documenting your exit strategy now

@rationalaussie No worries mate, ya got immigrants pooling cash with family members to buy property. Shitbox out west is 100x better than the shitbox back in their country. Majority aint white collar so no worries about AI. Oh dont forget cash in hand jobs too. Good luck folks.

Imagine owning a $1.3m illiquid dogbox in Western Sydney right now. AI about to take your job, massive global supply shock to energy & supply chains, inflation surge inbound. Terrifying stuff. Who's stupid enough to buy that junk? More importantly, who's stupid enough to underwrite that debt. I'll tell you who. The banks. Game over.

@BikoKonstantin1 Dual income households, it’s the only way in Sydney. White collar folks are hovering around 150k each. Those on lower incomes settle with apartments/units.

Sydney now has a median home price of $1.7m. The median income in Sydney is around 90k - 100k. If we use $100k for simplicity, Sydney median house prices are now 17x the median income. The biggest difference between Australia and Canada is that Canada has seen a housing corrections, while Australian house prices keep making new all time highs.

@AvidCommentator Different culture in JP. Men expected to work extremely long hours til midnight. Drinking and smoking after work is a big deal to fit in with ya work mates. All the money goes to the wife. Japanese women are expected to raise the kids. Shit deal for ladies.

Covid utterly broke something in people.

@MickamiousG Sounds like we gonna be stuck at home for a while. We need condoms, lube and viagra on the list.

Right now, Every Australian should have the following; Non-Perishable Food Minimum $2k cash on hand Months worth of Medication Generator, Batteries & Fuel Freezers Stocked Prepare now, to be spared the biggest expense later. Not fear-mongering, just getting ahead.

@BikoKonstantin1 It’s the banking system not boomers. What do you expect when they just create money out of thin air. Inflation and rise in goods and service costs. Might as well co-ordinate a system wide bank run. Collapse the whole finance system.

Are boomers to blame for young people feeling broke and depressed?

@QBCCIntegrity Biggest was wisetech global last week, 2000 folks. Then it was Afterpay. Inside word i got was CBA will be cutting ~50% of tech roles within 2yrs. Personally my company cut 50% of the software engineering team last dec. Year before that was 30% of the entire company. Shit times.

Mass layoffs in corporate Australia begin today.

@clowndownunder Land value for development

3-bedroom, 1-bathroom house with parking for 3 cars sold for $1,750,000 in Wiley Park

@BikoKonstantin1 News today, Wisetech to chop 2000 roles due to AI. Inside info from CBA, 50% of tech roles to be cut within 2yrs. Yes cut, not offshored. Once CBA leads then the other big banks will follow.

It starts slowly, but then all at once

@Mondragon1205 @TruthFairy131 Been hearing about the bubble bursting since 2000s. It wont burst unless there is mass unemployment, 20-30% levels. As long as folks have a job they can pay the mortgage. Only new players are affected.

@TruthFairy131 These people willing to pay those insane prices, are creating a housing bubble, it eventually will burst, because those prices have been inflated, they are getting into those high mortgages, especially now with only 5% deposit! Everyone forgot what happened in the US in 2008?

The Australian Dream is Dead ☠️ Our greedy Government sold off our future.