Well was it a bubble? Prices just went up and up many years after this

what a find!

What a find this is ! I wish I’d found this 7 years ago!

wish i'd found these in 2013!

maybe a microchip?

I'm in Auckland nz for years I've heard the lie houses allways go up, well no they don't. People have to much debt and the baby boomer time bomb look at Japan that's the future

What about now: 27 April 2019 today. Has it it bottom yet?

If property advisers and real estate agents wanted to make money with their own - why are they wasting their time and advice, when if they believed in their beliefs - acting as our saviours and taking our money.

finally an economist i feel i can trust when he talks.... others seem like the economy is a product theyre trying to sell to me

There is a one more issue which no one talks about. Lots of people booked blocks of land from developers and create a false demand. Simply The plan of these bookies is to sell that piece of land to someone who can’t buy the next stage development from developers because of over price instead he/she can pay 20k less and buy from a bookie before settlement.

Roger that

People have to buy a house for the right reasons, to live in. Not to make money from.

I both agree and and disagree about your comment on “tradies”. A licensed electrician or plumber will always have work and don’t rely solely on construction as they fall into the service and maintenance sector. Electrical in particular is so broad and in demand. From my personal experience working in electrical, construction sites in Sydney don’t actually have many tradesman but more labourers, backpackers, 457 visa workers (unlicensed tradies).

Must turn d' Bull on his backside seating position to shoot out a gigantic Bull fart for the housing market liftoff.

We haven't even had an official rate increase from the RBA for how long now?????.... Just wait for that to happen....shit will hit the fan

... Last time I heard we are in a recession on a per capita basis

Great interview and thank you tonRoger for his great analysis on what is a very bleak outcome.

Look at Ireland’s example 2006 onwards....Australia is following the same process.

I will reserve my judgement on this blokes claims he’s been predicting this since 2015 ! The only voices I kept on hearing were mike Martins, martin North , John Adams , steve Keen ! I haven’t heard anything from this bloke but I will investigate his claims ! 🤔 Apologies Roger I will add u too the names above well done ! 👍

The housing ponzi is finished

Excellent interview and interesting investment opportunity. Thanks.

brilliant, thank you

Well said and very true

Roger has a clear logic thinking. Well explained!

One of the better vidoes I have seen on the subject. Great work.

Well I think houses are still well over priced they will come down a bit more yet

Wow , they are still building into a property collapse sure will drive prices lower, IO loan refi looks expensive . With construction, retail and the financials under pressure insuring job losses expect more inventory because forced sales. Should be interesting with forced sales from investors unable to unload used properties to other investors once negative gearing goes . The property market will be like that beer , cascade . Rate cut and REFI `s may give some the ability to take on some more debt for spending but higher imports and energy import will gobble that up , throw some gov spending in there and we get a good measure of inflation and further slowing of the economy .

Roger, you are a class act in an industry littered with superficiality, amateurism and rent seeking. Strong complements for your level of research and intellect!

kzbin.info/www/bejne/fYnKXpWLi9GWndU @ What Telecom, Telstra, Verizon want tell you!

Slow and steady wins the race. Good yarn and lesson.

And after a year still no crash, cmon everyone is just guessing, when will it happen? Been waiting for it

Montgomery is a legend

Thanks

Health effects are extremely detrimental. 😡 5G is bad. Do your research.

Thanks for the truth. Have subbed

Can we can have an updated video on the state of the Australian property market particularly in light of cooling in sydney?

A very good video, thank you for sharing. I like your outlook for China, your comments on banks and their returns, and "cash has the beauty of certainty of value and ... flexibility...that is despised" 37:55.

It's not just property ponzi, it's population ponzi too. All these hopefuls have been imported and we won't need them in a recession.

subbed, liked and shared.....great vid

The way property is inflating in Melbourne and Syd. The average home price will be over 1.7 mil. Smells like Ponzi spirit. QE is next. If China sneezes.....

It's everywhere .. Australia, HongKong, America, Canada, UK, etc. It's an overheating market in the past few years .. It's becoming insane. How can someone with stagnant salary can afford to buy half million dollar house? The household debt is close to 200% .. for every dollar you earned .. $2 you owed. Assuming your property value is still the same or appreciate the value. When your property value is going down south and you are still paying your mortgage .. You will lose money and still pay huge mortgage at the same time.

Australia economy is fully dependent on selling raw commodities to China. It is a dig and sell economy

Perth is a mining town. Unless you're coming here for a high paying FIFO gig there's no point.

Ive always liked Roger, since his early appearances with Ticky Fullerton on The Business. And what he says stacks up... 2018 is gonna be the year of the boomerang!

Very informative Video. Personally, I think the next stage of government economy propping will be in the form of infrastructure expenditure. They know housing construction has run it's course, as did mining construction prior to that. It's time for government dept to swell instead of putting all the burden on us private citizens. We seriously can't take on any more debt than we've taken and they know it. After infrastructure - well, I guess it's either curtains or, who knows, maybe we'll back a bit away from the global economy and actually return to producing some of our own goods like we used to in 50s and 60s, howbeit, with a considerably lower standard of living.

Sorry you guy's have said this for 3 years. I sold my home 3 years ago and missed out on 40% growth

In Sydney it's still fine. It won't crash but it's just headed for a soft landing.

Australians haven't been able to afford houses for some time now. When the overseas buyers can't afford it then that is when the prices will come down.

I remember post 1987 crash...hollowed out CBDs...This is going to be way, way worse. Anyone who has paid $1, 000, 000 plus for a 2 bedroom inner suburbs terrace house will realize that they have been played for a fool...

Australia - the Japan sequal