Hi all, this clip was taking from the Equity Mates Investing Podcast episode "Expert: Yanis Varoufakis - "You should be screaming from the rooftops, stop doing this!" You can find it here On Spotify: open.spotify.com/episode/4i1ZrrtEiY7kIIPTsIduf2?si=c6e2032a591e4fdd Or Apple: podcasts.apple.com/au/podcast/expert-yanis-varoufakis-you-should-be-screaming-from/id1212097275?i=1000566554055

@hugejackedman7423

19 күн бұрын

Literally just recommended and then you comment. I demand an explanation. Posthaste.

@moodycxnt

18 күн бұрын

Do you folks cosign or condemn all the racism in the comment section?

@hugejackedman7423

18 күн бұрын

@@moodycxnt full support

@aero16547

18 күн бұрын

​@@moodycxnt what?

@barbecueman6352

17 күн бұрын

@@moodycxnt being against high immigration isn’t racism mate

In the 80 and 90’s u could buy a house working at a supermarket . Now 2 degrees and a masters won’t get you shit in Sydney

@trev1978

26 күн бұрын

Not just Sydney though- almost ALL capital cities!

@user-tb9yp8rr5w

26 күн бұрын

You won't be able to buy any shit at all in a decade...paying a million for a loaf of bread, your kids would be serving coffee to the rich landlords and feudals , that's the future dear

@gooble69

26 күн бұрын

"Now 2 degrees and a masters won’t get you shit in Sydney" Maybe if you went to TAFE and got a trade instead of wasting your life racking up huge debt on pointless degrees you wouldn't be in this situation? I know Tradies in their 20's buying houses, who is the smart one here?

@phyju

25 күн бұрын

Exactly when the working person can't buy a house and only the special lucky few we have a big big problem.

@danwelterweight4137

24 күн бұрын

Same thing here in Canada. Even in the mid 1990s, people working for minimum wage were able to buy a home. Down payments for a beautiful detached were $5000 CAD.

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

@ScottKindle-bk3hx

24 күн бұрын

Given the current market situation and the precarious state of the economy, I would recommend refraining from investing in stocks for a while or, alternatively, seeking guidance from a financial advisor. However, keeping a portion of your wealth in gold remains a wise choice.

@hersdera

24 күн бұрын

I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague

@HectorWhitney

24 күн бұрын

Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now

@hersdera

24 күн бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@jones9-

24 күн бұрын

Thank you for the helpful tip. it was easy to find your coach. Before scheduling a phone call with her, I made sure to do my due diligence. Her résumé looks impressive, and she appears to be highly proficient in her field.

200,000 new houses, 1,000,000 new arrivals. How come we have a housing problem?

@friendlychat34

Ай бұрын

Noone wants to talk about it but everyone can fucking see it

@HI-pi1er

Ай бұрын

Keeps the people with multiple properties rich

@jamesbubbastew

29 күн бұрын

165000 new homes

@okalov

28 күн бұрын

Where? Dwelling completion rates are at a low if you look at ABS stats.... And the average occupant per dwelling is 2.6 people. So for 1m migrants alone (excluding native population growth) you need 385,000 dwellings... The short answer is that policymakers and their mates all got theirs, and now they reap the benefits at the expense of everyone else. ​@@jamesbubbastew

@MrWackozacko

28 күн бұрын

The sickening part is the 50% of Australians that pretend the new arrivals have no impact, because the elite class told them so...

A major problem is the idea of property as investment. There should be a culture of buy one house as a HOME, and that's it. Its a roof over your head, a place to raise a family. It should be that simple. The system is rotten.

@AdoptiveHydra

19 күн бұрын

Thats a one way ticket to slavery. You have to invest to build wealth.

@uberboiz

19 күн бұрын

@@AdoptiveHydra You can invest in shares (among other things), it doesn't have to be residential real estate.

@AdoptiveHydra

19 күн бұрын

@@uberboiz Of course. Shares are good as-well. The leverage component of real estate is what sets apart from investing in other assets.

@465marko

19 күн бұрын

​@@AdoptiveHydraGo invest somewhere else!!! Ya greedy landlordmaxxer!! You'll be the first with your back up against the wall when the serf uprising comes. Mark my words. Try raising the rent then!!!

@uberboiz

18 күн бұрын

@@AdoptiveHydra You can use leverage to invest in shares too, so it doesn't really sets real estate apart IMO. In any case, using leverage is just a way of financing your purchase of the assets - if you happen to pick a dud, the leverage isn't going to help (if anything, it's going to amplify your loss).

Decent, affordable housing is not only a basic human necessity, it is fundamental to a functional society. However, the situation we are in right now has been 40 years in the making. Our politicians have intentionally implemented policies to get us to where we are today and we will be so much worse off in the near future than what we are right now. Nor will politicians do anything at all to turn this around. Australia’s biggest problem is that we do not create value. We dig stuff up out of the ground and flog it. The most successful economies invent and make stuff , hold lots of patents and add value. We don’t add value, we just make things more expensive. I feel that our luck is running out and everything will get much harder than what they are even now.

@solarlight10

23 күн бұрын

🙏

@somedumbozzie1539

20 күн бұрын

Australia has invented many things like Wifi and the Gas Spectrometer which you can find in labs and hospitals all over the world but backed non of them they all wind up in overseas hands, because there are no fast bucks to made.

@MrDeano-eu9rg

17 күн бұрын

Vote Sustainable Australia Party to stop the over development and reduce foreign ownership of our land for developing. If rich foreigners can't keep building here more people won't come here. It's too competitive, simple as that

@beyondher

17 күн бұрын

Learn to live a simple life, van life for example… reduce your needs to the bare minimum and then you cease to be a slave

@MrDeano-eu9rg

17 күн бұрын

@beyondher ok so because our scumbag governments have sold is out we should become gypsies...? No this can be fixed with votes

God if you think Australia is bad, look here to NZ. We’re a one-trick pony, no industry to speak of and the ONLY game in town is we buy and sell houses to each other. At least in Australia you’ve got other industries…

@Julian-xs8nc

Ай бұрын

Nah we’re just as hopeless. Our economic complexity is worse than Uzbekistan

@Clluthu

Ай бұрын

freakin industries dead. we dig up rocks and send em overseas to manufacture. we're a 2 bit pony show. ya aussie boomers just pump money into real estate and think they're savvy investors. Theres no risk, government won't let it fail / it's too big to fail now, and it affects investments into developing industries in australia.

@chinogambino9375

Ай бұрын

Mate, we are a house of cards. We are like Angola in terms of exports, nothing value added. Education might be the most advanced export we have but that just makes housing prices worse as rents are factored in for the hundreds of thousands of visiting students.

@al9017

Ай бұрын

NZ housing is so bad because the Kiwis working in the Australian mines are making bank, going home and buying all the nice housing. A kiwi on 10 dollars a hour has no chance buying a decent home.

@auintogold4725

Ай бұрын

@@al9017 Your an idiot There’s no one earning $10 an hour, whatever your on take a week off it to clear your head

We're in A Great Depression. Not just a recession, or a Great Recession, but a Great Depression. People who shouldn't be homeless are homeless despite earning decent incomes and many people can't afford to eat properly because of grocery prices-that's how I know we're in a Great Depression

@kdegraa

4 күн бұрын

I don’t think we are in a depression. Most people are working. Most people do have enough to eat. What we really have here is an inflated economy. We have bloated governments. Our economy has grown bigger like a balloon primarily inflated by cheap and readily available credit and increasing money supply. Right now you can get half a million dollars by filling out a form on a website. If the source of funds dry up we will really have a depression. No one in politics or anywhere else really wants this as it will be very hard for a lot of people. Those who can’t fund their mortgage will be tossed out of their home and nothing will be able to be done about it. People will go hungry as they don’t have money to buy food. It will be hard if it happens.

There is no end game, it's just kicking the can down the road.

@mrdbooks7285

24 күн бұрын

It is a Ponzi Scheme - Over Immigration.

@RenegadeRanga

24 күн бұрын

The end game is communism

@floralcouture3763

21 күн бұрын

EXACTLY..gubbermint ignoring/ condoning this MONUMENTAL problem….BECAUSE.. they’re foot soldiers for the fucking Reserve bank!!.. aka.. private central-banksters‼️

The government need a forever growing market to keep stamp duty revenue flowing in. They’ve become drunk on it. We all know they’re always solving a problem which then creates 5. It’s their sustainability model.

I know how it will end, our working class family will end up living in a camper. We are only one rent rise away from homelessness. I predict that there will be 2 types of people in Australia property owners (rent seekers) and the working poor. Even graduating uni doesn’t guarantee that you will be able to afford a rental.

@user-tb9yp8rr5w

27 күн бұрын

Don't worry, plenty of chinese graduates would own towns

@kcc879

24 күн бұрын

100% leith called three types of Australians…1/3 renting and are being screwed, 1/3 with a mortgage and are being screwed and 1/3 that are laughing their way to the bank

@moonknight4053

21 күн бұрын

I’m on your side, but you aussies earn a lot more than us kiwis hence why we go to your country. How come yous are doin bad financially?

@journeyman6752

20 күн бұрын

@@moonknight4053 the gubmint.

So in other words if you have an investment house your sweet, it will always hold its value in $ as inflation increases because most politicians have 10 to 20. Homes will never go down cause now boomers are ensuring that they become millionaires through property value and rent income while first home buyers are stuck in an unsavable rental housing market. The level of greed is never astonishing to me anymore

@Taipan303

29 күн бұрын

No it's very high risk to buy at these inflated prices with low rental yield and high rates. As soon as the immigration tap gets turned off, prices will stagnate. They revert eventually, look at previous cycles.

@user-tb9yp8rr5w

26 күн бұрын

@Taipan303 Nope, they won't be , Raywhite , Merriton and CCP sponsored feudals would pump the market again

@gooble69

26 күн бұрын

"The level of greed is never astonishing to me anymore" Nor should it have ever been a surprise. Had you learned that greed is a normal part of human (and all animal) behaviour then you could've planned for it. I blame the public education system. So much money wasted teaching things that aren't important

@michaelbishop9157

24 күн бұрын

@@Taipan303 that tap is not getting turned off for a very long time

@CybrosisEvolved

24 күн бұрын

They're building houses out of cards

My grandma came to Australia melbourne at 16 and moved in with her brother who was living here with his family . When she was 22 she bought a house in Carlton for $2000 A suburb today where a house can fetch 1.5 to 2 million she sold it in the 70s but that’s not relevant I guess . There’s young people today with 100k in the bank and struggle to get a loan (those are the lucky ones some cant save that much ) 30 years ago you could buy a house outright with that much.

@maddyg3208

20 күн бұрын

In those days, Carlton was much less "desirable" than now . Hence its cheapness

@1ihws

19 күн бұрын

Not true, at all. Thirty years ago you could buy a house in the outer outer suburbs - and I mean way out ‘in the sticks’ for half that amount, but only if it was a deceased estate, but only if you were prepared to pay anywhere between 14-18% interest and work 6 days a week, to earn half as much as people get paid now, and cry poor about - because that’s what interest rates were then. There’s bullshit, and then, there’s BULLSHIT! You definitely speak fluently in the latter.

Ah stoked, found some smart Aussies who have Yanis on their podcast the first time I discover them. Instant subscribe

@TalkingPoint773

21 күн бұрын

Yukkk cant stand listening to this gronk!!

@spacewalktraveller1

20 күн бұрын

Yanis is a communist, and you call that smart 🤣😂🤣

@deanfs89

20 күн бұрын

@@spacewalktraveller1 you can't even distinguish communism from socialism and here you are acting like a bigoted keyboard warrior, learn self awareness you muppet

@journeyman6752

20 күн бұрын

@@spacewalktraveller1 you sound like you live in Victoria.

@TalkingPoint773

20 күн бұрын

@@journeyman6752 SMug face blabbing yanis knows nothing. Bla bla bla gronk material

yes!! exactly. Houses should be places where people live and investment money should be going into things that build and provide economic value as a whole to the GDP

@user-tb9yp8rr5w

27 күн бұрын

You do speculation on stocks ..not on the place you live

@michaelbishop9157

24 күн бұрын

where do you think people should be investing that will provide economic value as a whole then ?

@user-tb9yp8rr5w

24 күн бұрын

@@michaelbishop9157 stock market

@spacewalktraveller1

23 күн бұрын

Building houses does build and add value to a society, do you know how money comes into existence? Building adds about 10% of GDP to an economy each year in Australia. If it wasn't for property developers there would be no houses, office, warehouse and industry parks. And if it wasn't for investors their would be no houses to rent. You can always go and live in a drug, crime infested council estate. If it wasn't for developers and investor there wouldn't be any property at all, and there would be a lot of unemployment.

@OryxAU

22 күн бұрын

​@@michaelbishop9157 Literally any industry, any at all. You have the raw materials, you have more than you know what to do with, please for the love of god, figure out how to make stuff. Property investment is for countries that don't have anything real to work with anymore.

It’s so bad here atm. It’s criminal what they’re doing to us.

Our politicians are failing us daily, this is a prime example of this failure. Time to take to the streets and demand change or we will get screwed over.

@spacewalktraveller1

20 күн бұрын

Sorry it's the voters who are failing. The government represents the people that vote for them. Dumb government = Dumb voters.

@TerenceKearns

19 күн бұрын

Theyre not "failing", they are profoundly corrupt.

@Hunty49

19 күн бұрын

You get what you vote for. Elections have consequences.

@spacewalktraveller1

19 күн бұрын

@@Hunty49 Dumb governments equal dumb voters. The government represent the people that vote for them. It's really the Australian voters fault and both side are just as dumb as each other.

@TerenceKearns

19 күн бұрын

@@Hunty49 not when it's a two-party duopoly otherwise referred to as the unaparty. Democracy in the US is dead as it is here in Australia as well as most western parliamentary and congressional regimes the world over. The state of the art of governmence is corruption. That is the state of the state. Everything is corrupt and in ruins because the populations have been lulled into a state of passive acceptance [of theft and tyranny] and apathy. Voting is, and has been for a long time, the opiate of the masses. Our culture is beset by a series of micro-religions - democracy (and most other isms) is one of them. But fundamentally, the average human being is balast for the ruling class and they have steered the momentum for a dystopian technocrasy.

I really have no idea how this has so fee views. Algorithm did you dirty.

@BS-Fact-checker

24 күн бұрын

It's not by accident, if it goes against politicians KZread will ensure it will have fewer views.

@CyberiusT

23 күн бұрын

Fully agreed!

@TalkingPoint773

21 күн бұрын

Are you kidding? Cant stand listening to this gronk!! What on earth would this loser know about Australia?! Unbelievable

@spacewalktraveller1

20 күн бұрын

No most smart people aren't into communist rubbish dribble by Yanis.

I live in Perth suburbia, not fancy, not coastal etc. I paid under 600k for a 4x2 four years ago and now everything in the suburb is around a million. This is madness. I don’t need or want my 1970s home to be worth a million, I want my teenagers to be able to get a job and own something themselves one day. But when two uni graduates on full time incomes can’t buy something, you know things are fked up. It took us ages to buy our home too, we’d put in a reasonable offer only to be outbid by some silver top with a clipboard buying their 5th investment property. Covid actually helped us buy something without a ridiculous bidding war.

@moonknight4053

21 күн бұрын

Would it suck if they just lived with you tho? Family over everything, as I always say.

@bennyl7224

13 күн бұрын

To be fair, you bought at the bottom of the market when house prices had dropped 20% from 2012/13

Robert Kiyosaki, American businessman and author, described negative gearing as "the government subsidising a loss making business"

@Robert-xs2mv

20 күн бұрын

He is 100% right. It is sheer idiocy!

@bennyl7224

13 күн бұрын

Individuals who think it’s a good strategy are their own worst enemy.

This issue is decades old. It all began when state governments limited green-field developments starting us on this unsustainable trajectory to soaring land prices. The federal government now has super-charged the issue with this ridiculous notion that we have to "catch up" immigration where it would have been had the pandemic not occurred, all because the business sector is crying to for "cheaper" labour. Its not going to end well for those that aren't in the market or cant get into the market and now there is no "fast fix". It essentially took decades to get here and its going to take at least another decade to even come close to being resolved. As for those people saying that house prices are unsustainable and will crash, yeah nah, that's not going to happen, ever. Simply too much pent up demand of people wanting to live essentially in the same two places (Sydney and Melbourne). The closet thing to a crash that we may see (and really, that we need to see) is that house prices stagnate for several years to bring relative affordability down and the only way that will occur is if the feds drastically cut net immigration.

@michaelrobinson9643

25 күн бұрын

The will to make the necessary changes does not exist. The mess is worse than you describe. Not only did housing lag, but also key essential infrastructure. The push for immigration comes from those who are demanding we get infrastructure under way and yet to do so only complicates the problem by increasing infrastructure demand and housing demand as well as every other resource. I see no downside to a temporary decline in immigration. The notion that population ALWAYS has to be expanding is not right. It only fits the view of supporting aging populations. Perhaps, if Australian's weren't being told daily that our history and country and people suck and are dangerous, racist, violent and so on... people would have families and give more to the economy. Immigration has not worked because the multicultural concept that worked in the past does not with too many of todays notable immigration source Nations.

@Jim-yk9zw

25 күн бұрын

@@michaelrobinson9643 We don't need a 'big Australia' like they keep banging on about. Cut immigration, start deportation and let the excess 'services' atrophy from society. Then those of founding stock or those that have been here several generations should be able to all comfortably be homed.

@larion2336

23 күн бұрын

@@michaelrobinson9643 A lot of Canadians are moving out of Canada now, and I think the same will happen with Aussies. Because both are being overrun by foreigners and sold out by their politicians. I think the worst part is that this is a very transparent plan by globalists for ethnic replacement, they've literally written books about their plans to accomplish it, yet nothing about it is ever mentioned by the MSM and no one reads any actual books anymore so people are wholly oblivious and regard everything as a 'conspiracy theory' if it didnt' come from their idiot boxes.

@OryxAU

22 күн бұрын

​@@michaelrobinson9643 Look man, you can prove a point without the weird incel talking points. Suppliers, developers, investors, landlords, real-estate agents they're all a part of this. I have personally worked with and seen first hand the kind of people doing this and they're not immigrants, they are true blue Australians who are more than happy to put you under their boot as long as they get to charge you for privilege. My extended family, who are Australian btw, are currently doing this right now even, subdividing land and developing houses to rent out with no intention of living there for a long period of time. My mother in law runs a business doing contract work with these people too, she's never been so busy in her life. It needs to stop, they need to severely hinder any benefit from owning more than one residential property, and they need to make it hurt like hell to gobble up all those properties. The weird culture wars are distractions. Immigrants don't have any power, Aboriginal peoples don't have any power, the lower class and middle class definitely don't have any power. Who does that leave? And why do you think they would love for you to blame the foreigners and natives? The wealthy and powerful will do whatever they can so they can make you feel like you're being alienated when in reality they're just fucking everyone over as much as they can get away with.

@bennyl7224

13 күн бұрын

100% on point. Will take 5-10 years and that’s if the correct ideas are the ones implemented at first without floundering our way there over 10-15 years

"Caressing the ears of the middle ground with policies that are catastrophic for the middle ground in the long term" - A very based man Seriously this dude has hit the nail on the head with absolutely everything he said.

Man that was so well put and succinct. I’m sick of having the same conversations with people who think housing is the only answer.

@monnieholanda8909

18 күн бұрын

Heaps of stock market videos already

End game is to keep people from owning property unless they’re corporate or wealthy.

@RenegadeRanga

24 күн бұрын

Finally a non sheep

@ozramblue117

24 күн бұрын

@@RenegadeRanga baaah

@RenegadeRanga

23 күн бұрын

@ozramblue117 you realise I was agreeing ?

1419 new arrivals every day and you wonder where are the houses?

@michaelmcelligott6336

18 күн бұрын

Invasion full speed ahead

@moodycxnt

18 күн бұрын

The sad and dumb racists can't even watch a 3 min video

@alexiosmrcl7524

18 күн бұрын

@@michaelmcelligott6336 It is all done purposefully. I moved to Australia with high hopes and left Europe, which I thought was done for. Now, I am considering moving back. You can make great money in Aussie, but you save close to nothing if you wanna live a decent life. God bless you mate !

@simonadams4857

16 күн бұрын

@@alexiosmrcl7524head back to Euroland mate asap. Oz land is not a place to build a life, start from scratch, have dreams or aspirations. It is a place for those who have already been set up. It is a masked banana republic controlled by the corrupt politicians to maintain the status quo. In Europe and in spite of all the negative effects and factors, you can build, start a life and have what you never EVER have in oz, which STABILITY. In Europe (I exclude the UK), you can have a safe roof over your head, oz land will never give you that. A tenant is as expandable as a can of beer. Hence, aussies, have no pride in their homes, living like hobos, accepting anything and led like sheep. Have you ever seen a decent apartment or house anywhere in oz? I mean one with AC and heating to rent? I saw modern newly-built places in Townsville in the tropics with no ACs, places in freezing Canberra with no heating. Filthy unrenovated places in Sydney and Melbourne snapped by desperate tenants accepting any conditions. Yet, the corrupt government brings in 500k migrants every year with no housing plans, just to maintain the economy and spending. If this is not a banana republic, I don’t know what is!!

A nationwide addiction to the Ponzi scheme that is the housing market . An unbelievably wealthy country that should be rolling out quality government housing like the Dutch do to level the playing field for all .

I’m disgusted by the cost of purchase vs relative value of the house on any given property within 10km of any major city in Australia. $2mil to buy a crap post war that would sell for maybe $50k if I had it removed from the minimum size block.

@HI-pi1er

28 күн бұрын

It’s the land value. All supply and demand that’s all it comes down to

@michaelrobinson9643

28 күн бұрын

@@HI-pi1er of course it is. It's the outcome of a country staking its value on land instead of a genuine growth asset. It was a dumb move to shift our economy in that direction and it now hamstrings our capacity to genuinely invest and grow new industry or sectors when so much capital must be placed in the land instead of on it. I see no presentation anywhere of an acceptable way to back out of where we have gotten to, let alone the will.

@HI-pi1er

28 күн бұрын

@@michaelrobinson9643 it’s a Ponzi scheme as far as I’m concerned.

@MrWackozacko

27 күн бұрын

The value of a home has never ever been in the house itself

@alanjm1234

27 күн бұрын

​@@michaelrobinson9643the cost of housing is simply due to the demand outstripping the supply. We simply can't build homes at the rate required to house the level of immigration we have. Nearly the population of Adelaide every year. We cannot build a new Adelaide every year.

Lack of supply increases demand and therefore price. And people always want to make more money. Since nobody's doing anything about it in either the public or private sector, I'm starting to feel like not building extra houses in lieu of making more money on the existing ones (for a lucky few) is kind of orchestrated & intentional.

@alanjm1234

27 күн бұрын

Our immigration policy means we need to build a new Adelaide almost every year. Our building industry simply doesn't have the capacity to do that. As long as we keep bringing in 100,000 people a month, the situation will continue to get worse.

@user-tb9yp8rr5w

27 күн бұрын

Yes it's is ...all the Australian pollies have they wealth tied in property

@letsburn00

26 күн бұрын

Supply in Australia is above average for the OECD. Blaming supply problems is just politicians blaming someone else. The demand level is too high. Labor have finally tried to reduce the fraudulent immigration level, but it's far far too late.

@bernstock

26 күн бұрын

@@letsburn00 They really screwed up on this point. Thanks Albo... thought he was gonna be half-decent, but as per normal for either side, he became a disappointment.

@letsburn00

26 күн бұрын

@@bernstock He was a huge disappointment. But it's basically a case of a huge disappointment, or the other side who did 100% zero for a decade

If not for constant government intervention in the marketplace, market forces should correct imbalances. Watch carefully and you will see that pretty-well any government initiative anywhere will worsen any problem. This is entirely deliberate.

@moniquec7722

19 күн бұрын

Not true. Markets are a human construct and exist within a government run society. There is no such thing as a market without government intervention. This line that you are pushing is the classic neoliberal market fundamentalist propaganda that wants a small government when it comes to any policy that helps the proletariat such as environmental or labour protections but quietly wants a big government when it comes to welfare for the rich corporate class such as subsidies, quantative easing and tax dodges for the rich. You say any government intervention worsens the problem? In that case, bring back slavery, child labour, 7 day weeks, no overtime, no consumer protection laws, no safety standards...anything goes. Pirates ahoy!

Essential workers cant even live close to their work.

I am fucking sick of people trying to make excuses for the unbridled greed that has been the boomer grift on a necessity. Housing is a fucking necessity not a commodity.

@RenegadeRanga

24 күн бұрын

God your dumb. This is all planned by the WEF to keep anyone but the wealthy or equity monsters from owning everything.

@spacewalktraveller1

20 күн бұрын

If you are feeling sick, maybe try getting some help.

@buckjofiden4804

20 күн бұрын

@@spacewalktraveller1 Is that woke boomer hoomer?

@spacewalktraveller1

20 күн бұрын

@@buckjofiden4804 Sorry, I'm anti woke and I'm a Gen X.

@buckjofiden4804

20 күн бұрын

@@spacewalktraveller1 Me too. The generation that had to work it out for ourselves. 👍💪🍻

Whoah here is a crossover I wasn't expecting!! Equity Mates and Yanis! Will wonders never cease?!

Adam Smith when he coined a Free-Market, meant a "Market Free from Rent". It's Landlords and Investors who lie to you by saying it's a Market Free from 'Government'. But it's actually government that is the very institution that can make a market Free from Rent. Problem in Australia is a government that can make decisions for the people doesn't exist, just parties looking for handouts from businessmen.

@moniquec7722

19 күн бұрын

Exactly!

Honestly so nice to hear some common sense. You've got a new podcast subscriber.

He’s right so much capital is circulating around housing - something we can’t export, eat, or enjoy to any great extent it’s just fulfilling a basic necessity yet it demands so much resources.

Why doesn't the govt ever talk about the ridiculously ever increasing tax they get from EVERY house sale/purchase.

Well said!

Everybody overlooks that housing has allowed decades of underfunding in social services and health. Most Australians aren’t getting properly rich from property. The family home funds retirement, allows people to pay late in life medical bills, and pays for late life age care. These are expensive services that have been able to be underfunded because people have been able to use property equity. Very few people are leaving a legacy inheritance after all that. Most people aren’t landlords. Their house is the single investment that they have after living paycheck to paycheck. The ‘windfall’ gain in value will be consumed by increasingly expensive services. A decrease in house prices is only half of the story. There will need to be a rebalancing, or many more people are going to face late in life hardship. My father is a welder near retirement, and a number of his mates have been able to add years to their life by downsizing to be able to access timely cancer treatments etc.

Boys, massive props on getting such high profile guests. Epic stuff.

Fantastic point that I'd never really thought about... "Investments should be going into the things that produce future value. Houses do not produce future value. They can produce economic rent, which comes at the expense of the dynamism of the market economy." All of that cheap credit after the GFC and COVID has been pumped into house prices in this country instead of being channelled into productive enterprise or new business. Banks love the idea that they have a large chunk of the country buried under debt that'll keep them paying it back over decades, rather than having that credit being used to fund business growth, which is intrinsically more risky. The only people that'll benefit from that are bank executives and bank shareholders. The rest of the population and the economy lose out. It's a fkn mess. And any political party that even talks about changing negative gearing or the capital gains discount know that - despite the fact that these distortive taxes need to go - it's political poison to touch them. We'll be fked for a long time yet, especially with the aging population, many of whom have a vested interest in maintaining the status quo... but still count as an ever increasing proportion of the vote.

@alanjm1234

27 күн бұрын

Scrap negative gearing and LESS new housing will be built. How is that going to improve the shortage of housing?

@spud2063

21 күн бұрын

@@alanjm1234 well negative gearing is only encouraging for a investment property, not a first home buyer.

The idea for the 'expansion of supply' has nothing to do with houses as assets. It is about extracting all your money from every possible reserve to restrict money supplies. They'll then change the rules down the track to catch you out in order to make you further dependent upon the Government and future policy. Debt is slavery to the whims of politician and their policy.

Same situation as NZ but not as bad (there are still some pockets of affordable housing in Australia, not a single realistically priced house in NZ). It's just addiction - a middle class addicted to lifestyles funded by other people's debt and a political class addicted to their votes. Coming down will be hard, very hard.

@uberboiz

19 күн бұрын

"It's just addiction - a middle class addicted to lifestyles funded by other people's debt and a political class addicted to their votes." Well said. 👏👏

Restrictive land policy is what drives unaffordability in concert with interest rates. Land is horded by developers who drip feed it into the market. Like the inflation target used by the RBA to set the cash rate, land supply should likewise be monitored and adjusted for the increase in population. The argument against this, of course, is that it will result in urban sprawl, and that would be the case if we continue to choose to live in only a handful of our biggest cities. Australia has more arable land per capita than any other country. It beats the second ranked country by a mile. We can spread out. How many new cities have been created in this country in the past 50 years? Bugger all. Invest in new regions. Now is the best time to do it.

@mrdbooks7285

24 күн бұрын

Ahh No, it is Over Immigration - Too much Demand on Housing from "New Arrivals" - Immigration Needs to get back to Less than 100K per year for many of the following years, just to stablise the Over Immigration that has been happening now for over a Decade.

@Shrouded_reaper

23 күн бұрын

Yeah we need to vote to keep bulldozing coastal environments so that we can keep on bringing in a million uber drivers and servo workers every year 😒

@AAAboxing

18 күн бұрын

@@Shrouded_reaperthey do the work cause others are too lazy to do it.

Love this. Saying it straight.

Negative gearing should be immediately stopped. If every person was only allowed the one home that each & all need, there is no shortage - is only the shift in sociatal values with greed now a common accepted norm sees investor rights as equal or higher than everyone's right to a comfortable, affordable perm. home. Bravery & sanity in policy is lacking in both major political parties (would expect no less from the greedy but Labor's response is dissapointing too) & the Greens are the only party with helpful Housing policies that benefit the average working class & others who need fair & reasonable support.

We are obsessed with house prices, we talk about it all the time. I keep trying to explain to my friends that the number doesn't matter, because you can't afford to buy the house next door, you're immediately priced out of your neighbourhood, having to relocate to suburbs further out or interstate. That's why so many Melbournians go to Queensland.

@Spacemonkeymojo

22 күн бұрын

Exactly. These morons think that they’re getting rich when the rising tide is just lifting all boats.

@eat_ze_bugs

22 күн бұрын

One day the housing market will collapse and all that wealth that could have been spent on more productive assets to improve the economy would be wiped out and then we will see a real crises from both home owners and renters. It just doesn't make long term sense for any country to deposit so much money into something that barely benefits the economy and its future.

@1ihws

11 күн бұрын

Actually most Melbournians who relocate to Qld, do so because of the climate. It is that basic.

Wow!! from CANADA!!!

We need a million homes... We could aim for population growth of around 900,000 to 1,000,000 over the next 3 years. That by the way, is a BIG cut in immigration from the current levels. Even though without context, seems like a huge number on its own.

@mrdbooks7285

24 күн бұрын

We Need to get back to below 100K per year which includes approx. 10K of Humanitarian Immigration.

@eat_ze_bugs

22 күн бұрын

@@mrdbooks7285 And watch the economy collapse... We wouldn't need this level of migrants if we were sustainable before.

Everyone knows that prices are way over inflated, but when a large majority of the wealth is held by older people, who occupy a larger percentage of our population - who are close to, or own their own home, then of course any practical policies to reduce prices during elections will never succeed.

@michaelrobinson9643

28 күн бұрын

It's far bigger than individual retirees. It goes to every home owner, every commercial building owner, every land owner. Every Council, State and Federal Government who accrue taxes, tariffs, duties. Super Funds who own enormous $$$ in property holdings. The average home investor or owner is likely the least of the concerns here with respect to consequence. Also, it's unacceptable for those who have little or no skin in property to suggest tanking the system is the fix and property owners are greedy. Doing what you are directed to do for decades as "looking out for your family and future" is not evil or greedy. Our economy has been built around property as a centre of growth which has been the most egregious decision not for intention, but for how unresponsive any change has been over decades. It's preposterous that an economy can flourish if so much wealth is buried in land that continues to outpace actual generated income at orders of magnitude. If Immigrants could not buy land in Australia - like in Japan and other cities, our Markets would be dramatically lower as a start. Not just because of gross numbers, but because China, India and others have more multi-millionaires than we have people.

@AnnabellaRedwood

25 күн бұрын

I have a young landlord who is nothing but pure greed. You can't blame this all on older Australians.

@shanerobertson6267

24 күн бұрын

Why blame me for working my guts out to buy and renovate my house. There was a massive jump inprice when I bought.

@Discovery2024-rn8kn

24 күн бұрын

When these old boles owning multiple properties, their kids will inherit furthering ownership division

A) For the last 5 decades or so most voters have been negligently voting for big dumb parties who have policies that drive, and a record of delivering, lower living standards for most voters. B) The big dumb parties bring in extra people via immigration faster than they build infrastructure and faster than they allow extra housing to be built (via zoning and infrastructure). C) The result is a housing shortage which results in higher rents and higher purchase prices for housing than would otherwise be. D) The inexorably rising rents and sale prices lead to complex secondary effects such as land-banking, negative gearing, hoarding vacant houses, developers trickle-releasing land, over-borrowing, over-capitalisation, over-renovation, Politicians owning many investment properties, people wanting to use superannuation to buy a house, etc. Here is the solution: A) Voters must vote smarter. Put the big dumb parties (Labor,Liberal,Nationals,Greens) last below the line in whatever order you can stomach. B) Better people in government will then limit immigration to a level that is below the capacity to provide high-quality housing and infrastructure. C) Over time this will reduce the housing shortage and we will see LOWER rents and lower house prices D) Secondary problems will go away. In case you missed it: The complex nonsense is a symptom of the high prices and high rents The high prices and high rents are a symptom of the housing shortage The housing shortage is a symptom of the immigration/infrastructure/zoning mismatch The immigration/infrastructure/zoning mismatch is a symptom of the big dumb political parties in charge The big dumb political parties in charge are a symptom of negligent voting by most voters. David 02May2024

@michaelrobinson9643

25 күн бұрын

Do you know how the Westminster system works and who can hold Government?

@davidvanderklauw

25 күн бұрын

@@michaelrobinson9643 Yes. A party that deserves and receives ZERO votes cannot hold government under the Westminster system. Please stop voting for Labor and Liberal.

@a178design

24 күн бұрын

Gov does what big business tell them to do, migration means bigger profits and lower wages. Reduce immigration and economy falters and the blame will be put on the party in power, big business will get the party back in that promises to fix the economy (by resuming immigration)

@eat_ze_bugs

22 күн бұрын

@@a178design Immigrants and their cheap labour are here to displace the amount of wealth we've been depositing into the housing market. We wouldn't need this many migrants if that wealth was invested in more productive assets lowering the cost of living and the cost of goods to build houses. A single average investment property in Sydney could have funded a small business for a number of years but instead we keep on piling all this money into something that will eventually be the only thing we work for because that's what the economy will become, nothing but overinflated houses. It's time to invest some of that wealth to improve the country's future because all that money made from housing isn't going back into the economy right now.

my question is, what should i do now that i know im sorta screwed? because i want a home and im willing to work to get one but it seems like im just meeting my time, money and energy robbed from me willingly.

Agreed

The Superannuation funds are investing in the sector and driving prices up - in Ireland here we are same, my sister is in germany with 20 years and the same there

It’s because of bad policy and everyone trading homes like investment assets

@friendlychat34

Ай бұрын

The policies have been there forever. 1 million immigrants in two years might also have something else to do with it

@eat_ze_bugs

22 күн бұрын

@@friendlychat34 The migrants are here to offset the consequences of what happened when we shut our borders. Guess who was to blame for that?

He never mentioned immigration so I don't take anything else he has to say seriously. The housing crisis could be solved in six months if they were just willing to completely halt, or at least drastically curtail the number of immigrants pouring into this country for the next several years.

@Knightmair19

Ай бұрын

You’re a mupper if you think it’s only immigration.

@davidvanderklauw

Ай бұрын

Six months is ridiculous. There is a massive housing shortage. Are you planning to kick 2 million people out of the country?

@pennywise4843

Ай бұрын

Immigration is the number 1 factor. Anyone not mentioning this is either a coward or a shill. Wont be returning to this channel.

@haydentomlin9783

Ай бұрын

@@davidvanderklauw don’t take anything this guy has to say seriously, look at his profile picture and that will tell you all you need to know about him

@MaleOrderBride

28 күн бұрын

We actually have heaps of housing and land available in Queensland and Perth and Adelaide...but the immigrants don't wanna move there. The immigrants only ever wanna live in enclaves of NSW and VIC. The government shouldn't allow immigrants to come to Sydney or Melbourne. Dump them all in the dying regional towns in the centre, and let them start building sh*t there

Orchestrated idiocy is correct description

There is no “end game”. Politicians end game is 3 to 4 years away maximum or until the next election and whatever will win votes.

Now 7 star energy rating minimum in Victoria for new homes. Fun times;)

@derbybOyzZ

26 күн бұрын

like the builders could be held to that anyway.

Houses are where we live. It is a basic need!! It is shelter!!

A land tax on investment properties and vacant properties will help drive down house prices. It will make builders hurry up with their builds. It will disencourage land banking. It will incentivise investors to sell their investment properties. It will incentivise investors that have vacant property and vacant lots to either rent them out or sell them. At least then, they will be used.

Ditto New Zealand.

The frenzied dinner party chats about property 😂 amen sir!

@chippyboy35

27 күн бұрын

And all greedy Greeks at that.

My parents bought a house for $35,000 in 2003/2004 Same house sold for $399,000 in 2020 and I can only assume it's more like $550-600k today. Australia needs to build more modestly sized houses (we don't NEED a five bedroom starter home as a single/ couple), we need to allocate development towards large towns instead of continuously trying to build and re-build near one of the few major cities, we need to cut inflation any way we can (it's essentially theft of wealth by the political class) and we need to dramatically reduce the immigration intake and perhaps even write it into law that there's an immigration cap tied directly to the existing population of the country. 700,000 immigrants under labour has exacerbated the housing crisis by creating significantly more demand than there is supply, thus creating scarcity. We also need more homeless shelters, nothing fancy, just a capsule bedroom to sleep in, some donated furniture, computers and bicycles, along with a communal kitchen and bathroom. Safe and warm and able to help people get back on their feet.

@rick1622

17 күн бұрын

spot on add access to a GP and dental basics and stable food prices so fn sick of the weekly creep , supermarket Mafia ...

'Houses should not be an investment, they should be places where we live' it's tragic that we've collectively forgotten something so simple.

@MollyBeenie

19 күн бұрын

Its a ruthless business renting in Australia. There are 3 monthly inspection s where they come through snapping photos in all areas while taping themselves giving a running commentary. Its rude and intrusive. Its people homes . I came back to renting after 20 years an owner. It was horrendous. Thank God I managed to buy in 2021. People shouldn't have to live like this. They'll take a photo of a spider web or a dust ball under the bed. I hated it

This is what happens when you turn houses and land into speculative assets. Imagine what would happen to Australia if we prevented anyone owning a home that was not theirs? Ie, kill off all investment properties for residential properties. Commercial properties are different.

Really good points made. Could a political movement in Australia gain a footing just on the back of the building public housing supply?

@mattgilbert7347

22 күн бұрын

Not a bad idea.

I recall years ago Bob Carr saying publically the Sydney basin is full house,any more people will be at the detriment of those that live there already. Maybe there is,or could be economic life west of the great dividing range

Australia demolishes 22000 houses a year and how many are replaced with 1 house often due to zoning restrictions. Not much supply there.

Young Australian's who don't own a home, nor have a chance of buying one, may become politically radicalized...

@shanerobertson6267

24 күн бұрын

It’s what they want - Mao turned all the young against their own families in their great revolution.

Jonny Howard supressed wages and let the A$ fall while selling off our gold reserves 😢

Same in NZ, maybe worse. Decades of governments guaranteeing house prices will increase over time. Anyone who even suggested house devaluing policy were universally mocked into shutting up.

Immediate moratorium on immigration intake for 5 years, outlaw foreign ownership of residential housing if unoccupied, promote building of blocks of low cost flats or apartments to fill immediate needs, and this wholly artificial "crises" will evaporate in short order!

@gonzoexpress9885

21 күн бұрын

Totally correct. Aussies are being sold down the river to Mass immigration, it's a no brainer.

@spacewalktraveller1

20 күн бұрын

Yeah but who is going to do all the low paid jobs that the dole bludging Australian don't want to do. Who is going to deliver your fast food and Amazon parcels.

Producing more houses would make current house values to stop going up (at least as rapidly as it has been). There are not enough building companies to keep up with demand, and the current companies don't want to expand because the owners would lose money by taking on more employees and projects. Not to mention the owners often always have their own properties as investments. The last thing they care about is the housing demand if they are going to lose out on helping out. Maybe this is not the whole problem, but I believe it is part of understanding how to find a solution

One type of madness is running a race where there is no finish line. Right now, that race is the Australian property sector.

The fundamental problem is over regulation of land use. A good example is the demolition control law in Brisbane. Many billions of dollars of inner city land are tied up with this egregious law. Owners of old tin and timber houses are not allowed to demolish them.. instead of being razed, these old slums are raised and built under at great expense. It is a theft of property owners rights and adds to housing costs and impairs the orderly redevelopment of the inner city suburbs. Entire city areas need to be rezoned for at least medium density development with 40% site coverage and 3 above ground storeys. Some of the inner city suburbs should be rezoned to MP1. The NIMBYs are those afflicted with the Heritage Delusion oppose sensible rezoning of land.

If we get rid of negative gearing - country collapses. If we get rid of immigration - traffic decreases, house price decreases, pollution and carbon output decreases, crime decreases, social trust increases etc.

@joshuaalvarez7435

25 күн бұрын

Negative gearing is what's holding the country together?!

@bobshoby

25 күн бұрын

Hospitals and aged care collapse given the importance of migrant labour to both industries

@MrWackozacko

25 күн бұрын

@@bobshoby Migrants use those services more than they help them.Particularly the islamic ones, they have massive problems with inbreeding and pumping out disabled children. Certainly over represented. Look at the birth defect stats for Auburn hospital in Sydney.

@MrWackozacko

25 күн бұрын

@@bobshoby At least you didnt say 'the food is so good'

@ytfrank4412

21 күн бұрын

@@bobshoby good, aged care is the greatest burden on the system. why are we investing so much in old people? why are we putting pacemakers in 80 year old's? its lunacy.

The end game is when all housing is nationalised. I read a newspaper report about the Evatt Foundation’s latest meeting over 20 years ago where they were “predicting” this would be required by around 2030 to solve the looming housing crisis..

One house is worth one house. Prices constantly rising only prevent people from being able to buy their first home. This little piece of logic constantly escapes both politicians and those who vote for them.

Yeah Jordan Shanks need to watch this. And Albanese

The Australian population is a well behaved flock of sheep who produce premium fleece. The flock is getting larger. Politicians are just faces for the people who reap the wealth, and who use the power it affords them to manipulate conditions on the farm. The biggest foreign investors in Australia are Americans and the UK, so whatever powerful people or groups are behind the scenes pulling the strings there have considerable control of Australia as well. It is hard to believe they are Anglo-Saxon or Anglo-Celtic people, because how could it ever be possible that from a position of such dominance this cultural grouping has fallen so far. Unless the wealthiest among them sold out on them.

The house builders won't "expand supply" because that would lower the prices and their margins. But councils aren't bound by a profit motive. Council house building is the only way to make housing affordable. And there's nothing to stop that happening but the politicians.

Its Criminal what they have done with housing!

He is right, spot on. Straylians have been obsessed with Propardee since the boomers came of age-funny thing it's them who've profited the most by a serious margin as they've influenced Policy for decades to do nothing but push up house prices. Australians are also getting dumber and far less productive, particularly in the last 15 -20 years with our young being pushed into trades and boganism. Ingenuity, development and entrepreneurship are not rewarded, buying houses is.....where is the end game? Straight back to the penal colony days and the middle ages with the majority of the population becoming slaves and undoing the good work of the industrial revolution. Apathy, greed, corruption and allowing idiocy to rule has created this complete disaster, why Millions of people are not marching on Canberra each week is beyond me.

@eat_ze_bugs

22 күн бұрын

Complacency and greed is what got us here. We will never admit that but instead we will blame the politicians, migrants and foreign adversaries for all our problems.

@gonzoexpress9885

21 күн бұрын

Some excellent points, however contrived Mass immigration is a major component in relation to housing and social cohesion.

The lower class people are really suffering because of high rents. It's starting to create an underclass. More people living on the streets. Creates a bad atmosphere that ruins the financial gains that the higher classes make.

And the other issue is the quality of builders work is down right disgusting. Sloppy slap-up homes with sub par materials and no quality control. Wouldn't touch a modern home that's built in the last 10 years with a 100 foot pole.

I have if from unconfirmed sources that the best Government Australia ever had, the present one - is actively working on this ! They just need to finish a few other matters first which would need small but very time-consuming tweaking.... They will keep us posted !

The problem is decreasing house prices means negative equity. That is why they don’t want house prices to come down.

@Spacemonkeymojo

22 күн бұрын

Yep. Who would that be a problem for? The banks. And the banks donate to politicians. And politicians call the shots and own property. It’s all fucked.

I was going through sold properties in Brisbane (Hawthorne), on average they have lost 56% against gold since the year 2000. That’s an astronomical ‘real’ decline, everyone is pricing them nominally against mouse click money. That’s in an environment of great demographics, low inflation, falling rates and a competitive jobs market - how will they perform with all of that currently reversed?

Australia is fucked lets face it thanks to terrible governent immigration and foreign ownership policies and bad tax policy

Just let people build their own homes and get council and government the fuck out of the way... we have shit tonnes of land and the ability to live off grid...

Try to explain this concept to Australian owing a mortgage that they house is not an investment, they will lose their minds 😂

Increase supply by taking investors out of the market

House prices are up because australia imports educated migrants with lots of cash. I personally know a chinese student to bought a 1.2m property in perth with parents money

The Australian government has completely failed in multiple ways to fulfil its responsibilities to the public. Australians should consider all contracts and agreements null and void at this point.. go out if you like and just claim a piece of land and build a house on it. Its your country, you shouldnt need to ask to use it.

This is why we can't build 1 million homes.. 1. Stamp duty 2. Land tax 3. NSW government new infrastructure contributions tax $25k per new lot 4. CGT 5.GST 6. Council contributions 7. Cost of construction 8. New NCC , double glazing , solar panels adding cost to already inflated cost of building 9. Council delays with DA's 10 .interest rates and holding costs With all these costs , why would any builder / Developer be encouraged or interested in construction... The government will put the NSW construction industry into a coma

@itsyourboyyy

19 күн бұрын

Negative gearing

This high immigration rate does not solve any labour shortage, and doesn't improve our economic position on a per capita basis. Essentially our quality of life is sliding steadily backwards. The idea that the immigration is needed to solve this, that or the other is simply spin. The migration props up government budgets, whilst we all drive from our horrendously over priced houses through horrific traffic congestion to get to our jobs that dont pay much more than they did 10 years ago.

@srgibberd

22 күн бұрын

Exactly. Well said. The higher populations will also make the next drought worse.

@gonzoexpress9885

21 күн бұрын

Spot on Mick. We must end contrived Mass immigration and foreign home purchasing rackets.

Government already has equity in your house. They and the banks are in bed together lol

It's frustrating that we're still having this discussion. Price dynamics boil down to the balance of supply and demand, any elementary student can tell you this. The crux of the matter lies in the insufficient supply and still dangling carrots to drum up further demand. However, when key players like the real estate industry, banks, developers, and even the government profit from escalating prices, there's little incentive to intervene. Add to that the unethical behaviour of some politicians amassing multiple properties for personal gain, and it's no mystery why housing costs continue to soar. It's a blatant display of greed, reminiscent of the controversies surrounding supermarket prices and the relentless surge in fuel costs. Greed has spiralled out of control, and it's the root cause of the issue. Time is running out on a peaceful resolution, but those in position to intervene are too blind to see it

The Whitlam government passed the Family Law Act in 1974. This dramatically increased the divorce rate and deterred marriage. Ever since, the number of houeholds (and demand for residences) has been growing much faster than the number of people. Hence the housing crisis. This is just one of Gough Whitlam's disastrous legacies.

In the current system I don't think you can expect any change in crisis. These are the same politicians from both parties who made this crisis benefited themselves.