Arodd M.

@JOKAQARMY1 15 minute cities sound convenient 🤭🤭 can we still travel for weekend getaways?

The Iran War.

@TRGMikeWood For sure! Jenni would've added so much

@BoomTimeCC Fair point.. Sir Delius owners would have loved Jenni in the race either way.

I think pacemakers should be allowed in Australia, at least for the big G1 2000m features. Unless there is something out of the ordinary, LINDERMANN sets a sedate tempo for the first half of the race in the Queen Elizabeth and we don't see a true test of who is the ten furlong champ. Tom surely doesn't ask DUBAI HONOUR to push on again? Craig unlikely to be aggressive on SIR DELIUS? And the others probably aren't the types to generate an honest gallop on-pace.

@88888sAccount Lol FIRB fee is like $7k plus stamp duty is almost double for foreign investors. But that's besides the point, to use the HA 5% deposit scheme you need to be a PR or citizen. Stop the rage bait 🤣

@ffabinhoo @bowtiedstocks Heaps of natural resources... when shit hits the fan at just dig more

@BoomTimeCC @bowtiedstocks Most of these mortgages are not sustainable. It happened in many countries, Australia cannot defy the economic and math laws. It’s a matter of time.

Average first home buyer age in Australia today is around 36-37 For a lot of them, they would also be tied down with kids, the costs that comes with that and school fees etc If they are getting into the market with a 10-20% deposit If prices fall 30% or more from the current highly inflated levels Can they realistically recover from this? Or will they be negative equity debt slaves for a large portion of their remaining working life ?? It strikes me as a fairly grim setup

@ausstockchick Must be PR or citizen to be eligible and only opened to PR last year or so. But hey, don't let facts get in the way...

48,000 non citizens purchased houses using the 5% deposit scheme. I just don’t know what to say anymore. #auspol

@MeatyouAU @bowtiedstocks 😆😆

@BoomTimeCC @bowtiedstocks POV someone who doesn't understand debasement You act as if zero people went bankrupt in 2008 because "the numbers higher now though" Fuckwit

@big_shaneoh @Addi56640 @bowtiedstocks Short term anyway...

@BoomTimeCC @Addi56640 @bowtiedstocks Yes I shouldn’t say if… it’s already started, just wait for the data to catch up and be released. we’re in recession! Unemployment is rising

@big_shaneoh @Addi56640 @bowtiedstocks Don't disagree about recession... still don't think it'll cause a 30% price drop

@ffabinhoo @bowtiedstocks And what's the alternative? Rent for life?

@BoomTimeCC @bowtiedstocks My bad. Australia 738k and growing

@cpbaken @oddball_mr @bowtiedstocks There's so many doom sayers lately but given current unpredictability it's understandable.

@oddball_mr @bowtiedstocks @BoomTimeCC What is the median aussie house price-to-income ratio at the moment compared to the last 200 years?

@MeatyouAU @bowtiedstocks What happened? What are prices now relative to 07/08?

@BoomTimeCC @bowtiedstocks Check back what happened just 1 year later genius

@Temjinck @bowtiedstocks Fair enough, didn't think i implied impossible. Just think highly unlikely. Our population is still growing, supply can't meet demand, there's not enough new housing, no incentive to build new houses, so on and so on. Think a 30% drop is highly unlikely

Toronto is one, inflatio adjusted. Go and check their house prices. The Canadians will say the same thing to us. "Different market, too much demand, the government will save the market, cannot happen at all". Its the same fundamental. It would be naive to claim it is impossible to happen here at all. Those I know in Hong Kong said the exact same thing few years ago. China was more extreme from their social media. You get to learn more by being in the thick of other markets and find similarities.

@big_shaneoh @Addi56640 @bowtiedstocks If this, if that...

@Addi56640 @bowtiedstocks @BoomTimeCC If recession hits and there’s mass layoffs, then unemployment rises the gov will have no choice but to cut migration. No point flooding a country that has no jobs

@ffabinhoo @bowtiedstocks Maybe but Western Sydney doesn't reflect Australia

@BoomTimeCC @bowtiedstocks I can give you thousands of “isolated “ examples but it seems you’re not prepared for the reality

@themgmtconsult @bowtiedstocks Let's not forget Aus government underwriting or guaranteeing ~150k (maybe more) home loans under the low deposit schemes. If prices crash, our government's in a shit load more trouble as well. Correction and 30% drop are quite significant

@themgmtconsult @bowtiedstocks Bingo! If house prices drop 30%, 5 of the top 10 largest companies on the ASX tank. ANZ, CBA, NAB, WESTPAC and Mac. Super funds are massive shareholders. Property prices collapse, we're in a lot more trouble as a community than the property owners

@cpbaken @oddball_mr @bowtiedstocks No consensus on imminent bust, but correction risk is real if affordability worsens. ? Correction isn't 30% price drop

@oddball_mr @bowtiedstocks @BoomTimeCC Like this history? x.com/i/grok/share/0…

@Temjinck @bowtiedstocks Different markets... Also, which cities in Canada please?

@BoomTimeCC @bowtiedstocks China experienced more than 30% drop in a lof of area, they seems to be doing fine. Same in some cities in Canada. They are doing fine too.

@ffabinhoo @bowtiedstocks That sounds like an isolated example

@BoomTimeCC @bowtiedstocks Of course a dog box 200m2 shack in Oran Park worth 1.2M.

@JonnyT866576 @bowtiedstocks 😆

@BoomTimeCC @bowtiedstocks Pure hopium because you are over-leveraged.