I Will Not Stop!
Read Millionaire Fastlane
I've Read UNSCRIPTED
- Jun 12, 2018
Property won't crash in Australia.Yeah no, since most of them are not investors, the real reason real estate is going up is from a couple of factors that all spell disaster:
1. Cheap debt. Unsophisticated homebuyers see low interest rates and get in bidding wars for houses that aren't worth what they are paying for them.
2. Stimulus checks, PPP loans, big spending, and other forms of inflation: all of that money finds a home somewhere, and when it's done trading hands, it finds the home in assets (real estate, stocks, bonds, commodities, etc)
Both are bad for the economy. At least, for average people who will probably all get burned hard - and for businesspeople later, when we get blamed for it all even though it was mostly government policy.
People have said this for 10 plus years.
Governments have basically made it illegal for property to crash.
They will do anything and everything to prevent that from happening.