The Original Sin: How Housing Costs Are Driving Up Your Steak Prices

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Күн бұрын

This clip was taken from the Equity Mates Investing Podcast episode 'Expert: Matt Barrie - Why house prices are the cause of today’s cost of living crisis'. Podcast episode released: 15 June, 2023

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@EquityMates 5 ай бұрын

Hi all, this clip was taking from the Equity Mates Investing Podcast episode 'Expert: Matt Barrie - Why house prices are the cause of today’s cost of living crisis'. Spotify: open.spotify.com/episode/4gVY8mvJ9NKVKNOYh4heE2?si=a203abb173fd4904 Apple: podcasts.apple.com/au/podcast/expert-matt-barrie-why-house-prices-are-the-cause/id1212097275?i=1000617043903

@austinbar 4 ай бұрын

Individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

@rogerwheelers4322 4 ай бұрын

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

@joshbarney114 4 ай бұрын

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@joshbarney114 4 ай бұрын

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@KenzoTenmaM 5 ай бұрын

I’m a Doctor in Sydney. My income is higher than the median yet can’t afford a home. The people buying are those who are gifted from their parents. Hard work and a good job doesn’t mean anything in this country anymore.

@adammcdonald1839 5 ай бұрын

Yet a plumber and chippy will save your life for a 100 an hour 👍🏻👏🏻👏🏻👏🏻👏🏻

@adammcdonald1839 5 ай бұрын

I’m sorry you are in this situation it’s a disgrace

@punchyMiddleEarth 5 ай бұрын

You are not a doctor

@bun5320 5 ай бұрын

@@punchyMiddleEarthhe is a doctor

@LibertyLover5 5 ай бұрын

I am a lawyer with my own practice and earn well above median. I really do not understand how others are surviving in Sydney. We are so f*cked.

@sledge6693 5 ай бұрын

I swear as an Aussie with a Thai wife I’m seriously considering retiring in her country when the time comes as a shit box over here would be a large home in a guarded community over there with plenty of money left over to actually enjoy life.

@stainlessstove4629 4 ай бұрын

As an Aussie with no relationship or kids or responsibilities holding me down. I am seriously considering applying for a different position with the same company I work for doing remote work. So I can actually afford a place to rent and live for acouple years in just fun. The cost of living in Australia now literally makes it so I am considering leaving the country, work remotely and spend my income in another country. And then my money doesn't go into the Australian economy.

@myday2704 4 ай бұрын

Great idea! Go for it you will live like royalty.

@paulturner9542 4 ай бұрын

If you’ve got no dependables here do it. Sell up, buy a small studio unit here as a base, and go.

@bradgordon7955 4 ай бұрын

My God it's so good hearing that someone in Australia is stating the situation and problem for what it really is! Thank you Sir .

@SHRockz 5 ай бұрын

Wow. This is some of the most sensible conversation i have seen online. Good job.

@williamcrossan9333 5 ай бұрын

I'm glad Matt Barrie doesn't muck around with the reason we have a housing shortage. Indeed, something like 9% of Australia's workforce is in, or involved with construction. Basically about as high or higher than any other country in the world. We can build very well. We simply cant keep up with population growth of 2.5% per year.

@Kajpaje 5 ай бұрын

Those Lib years really pushed it. Almost .5 million immigration, bringing wealthy people in, not just wage slaves, who have money to buy houses. But....they expect to send their kids to schools, lots state. Also, enjoy services like roads and health. So govts can show that we are not in recession, but everyone is squeezed.

@9avedon 5 ай бұрын

@@Kajpaje Same Sht in Canada, Marching thru the institutions, replacement theory etc

@Kajpaje 5 ай бұрын

@9avedon Replacement theory is a red herring. Here, we import wealthy people though, poaching doctors and nurses from developing countries. Trades too. So we don't need to spend money on training. They cut funding to institutions, privatising them, and some make obscene amounts providing crap. One thing to realise is that workers, foreign or otherwise, are not the cause of shittiness, rather those who create shittiness.

@9avedon 5 ай бұрын

@@Kajpaje Canada has no core identity said Justine Trudeau. We had something good, Western civilization. Before multi-cult we were a better society.

@Kajpaje 5 ай бұрын

@9avedon I'm in Oz, and we are part of the new world experience. More Irish came here, quite a few against their will. I have plenty of that but also: Scots, English, German and Dutch. Whether I like it or not, and sadly, due to skin cancers, their is no indigenous connection, I'm a part of that multicultural experience. As are you, I'd wager, in Canada. My country is wealthy because all those ancestors packed up and left their homes for a better one. I suppose the point is that your compatriot is your compatriot regardless. And if he or she becomes a citizen, pays taxes and contributes, the wealth grows. They need services, pay into pensions, and we're all richer for it. It's not migrants who are at fault, it's conservative governments that, here at least, fxxk things up. They exploit division and are beholden to big, wealthy interests, which avoid tax and do their utmost to reward shareholders over what's good for the country. I'm talking about standards for working people, and those happier to squeeze standards rather than lift them.

@rogerlo5275 5 ай бұрын

its getting impossible to have kids.

@_nebulousthoughts 5 ай бұрын

Which then in turn is used as the excuse for more immigration...

@Eric-kn4yn 5 ай бұрын

Every asian indian muslim couple have kids like wabbits they r. 🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇🐇.

@mr-iz8cx 5 ай бұрын

It's a fair sanction for the crime of being born middle-class or lower, during or after the mid 80's. You should stop whining and starting earning. Forget those kids. It's bad for business

@TheNanoNinja 5 ай бұрын

Australia's current fertility rate is lower than China's during the 1 child policy. I suspect in the next 20 years or so, Australia's fertility rate will drop to that of South Korea. Which can mean within 1 complete cycle (80 -90 years) population can drop about 60-70%.

@leonie563 5 ай бұрын

@@TheNanoNinjaplan is that people won't make pension age of 67. Grandparents barely made it to 60 in the late 80s. System is ensuring we just go back to that era.

@PeterSrpcanski 5 ай бұрын

I have 18 years experience in the construction industry as a Carpenter and Skilled Labourer with almost every other ticket you can get to work on site and have not been able to get a job in over 1 year, I have applied to over 250 jobs via Seek and Indeed our two largest job advertisement websites in Sydney and have barely gotten a call back, I have had a total of three interviews which led nowhere and one job offer for a site 1hour:45min drive each way from home. If anybody thinks there is a shortage of workers I can tell you there is not, in fact there is a huge oversupply of labour especially cheap labour which many companies are now opting for.

@tim3062 5 ай бұрын

What are you talking about? I type carpenter into seek and get 8000 advertisements?

@shelby6622 5 ай бұрын

Move dude. If there's no work where ya living then move. Plenty of FIFO jobs here in WA. Everywhere here is screaming for people. How the heck do you survive for a year without working now sheesh.

@BeczaBot 4 ай бұрын

I remember reading something where there was great demand for carpenters where I lived in Aus (Vic).

@KoDeMondo Ай бұрын

Exactly! But you that is the exclusive excuse to gaslight people..

@AndrewNatalePhotography 5 ай бұрын

Who is this guy....? He's great!

@David-xb1ji 5 ай бұрын

When was this filmed, this guest is on the money

@KoDeMondo Ай бұрын

Immigration is just and only an excuse!! to gaslight people not to made understand the true nature of the problem which to me it's caused by a massive money printing. In Italy which is a fraction of Australia landscape we have the double of immigrants but cost of housing affordability and renting remains within people means. Same in other European countries

@lisakotsi2786 5 ай бұрын

There is many employers saying they can't find workers yet fact is most of the jobs they want filled are below $60k the problem is the wage is just not viable to live off.... why no one applying and i feel for employers too with rents, taxes etc its just not working all round

@punchyMiddleEarth 5 ай бұрын

Where are they getting their money frim then? You cant pick and choose and hold off from working for a better wage elsewhere when the other option is zero dollars coning in as opposed to $60K, genius

@sugimoto2389 5 ай бұрын

@@punchyMiddleEarth probably moved away to a place where that type of money is a liveable wage. Houses just outside of Hobart can be had for 500-600k

@user-lj6gk4lv9s 5 ай бұрын

Minimum wage in Bangladesh is $2 / day, even the refugees there have houses.

@lisakotsi2786 5 ай бұрын

@@punchyMiddleEarth actually they not applying and staying where they are in jobs or working outside of city where lower cost ....why would you wk hospitality in city with parking costs etc you would stay in the suburbs in hospitality...hence my point genius

@SigFigNewton 4 ай бұрын

Can’t find workers? Fight for increased housing supply.

@coconutpalm1631 4 ай бұрын

l love how this guy smiles after he makes a subtle but important point. It's like a smile saying "read between the lines".

@berserkwarrior69 5 ай бұрын

I think another contributing factor to the cause of inflation besides QE, is rapid migration itself, as there are more people bidding for the same goods and services, unless productivity has gone up, most charts I see is that productivity has stagnated.

@MarcelleHechenberger-jg7pl 4 ай бұрын

I won't be retiring in Australia if it keeps going the way it is. I will also have to leave my home country to be able to retire. What an absolute joke this country become. Only for the foreigners, the elite. Lucky country. Not any more. Our politicians have ruined this country with greed and selling us out.

@martinfiala3910 5 ай бұрын

No mention of record corporate profits and tax avoidance? Coles & Woolies anchor tenants pay less rent. Nonetheless good point conversation.

@TheNanoNinja 5 ай бұрын

Australian government needs to directly employ and train building trades and build houses. There use to be a Public Works Department. Time to bring it back.

@stevem815 5 ай бұрын

There aren't tradies sitting around that can't find work. They're all already building houses

@stuartmarshall7099 5 ай бұрын

Well one side of politics keeps trashing TAFE

@stevem815 5 ай бұрын

@@stuartmarshall7099 and labor cancelled the apprentice wage subsidies when they got in in NSW.

@kamma9264 5 ай бұрын

It's not about labour or government. English culture is collapsing, the protestant faiths are worthless. The whole thing was predicated on Materialism being true, which has been unraveled as a false narrative. The Royal Society is implementing depopulation strategies to prevent full societal collapse since there are no more discoveries or developments that can be found, as clearly demonstrated by multiple WEF advisors and especially Klause. The goal is to drop global populations to about 500 million, which is the safe bet for English culture by promoting alternative lifestyles like LGBTQ+. The word English and Evil are now synonyms.

@letsburn00 5 ай бұрын

People really forget that the government used to have these kind of departments and they hired apprentices at 5 times the rate the private sector did.

@MAGH1O1 5 ай бұрын

Australia's population is growing cancerously; causing the abnormal growth in housing demand, the deterioration of the standard of living and the level of public services including health and transport.

@KoDeMondo Ай бұрын

@jasonklaffer6926 5 ай бұрын

Wtf I was paid $22 dollars an hour 30 years ago working in a seedy pub in Adelaide !!! How can wages be anywhere near that ffs !!!

@poison2433 5 ай бұрын

Rubbish. About 25 years ago I was earning $17 as a chef in a 5 star Hotel. It was the award, believe me they wouldnt pay anymore than they had to. You must havent management on a salary at that rate.

@BubbaMcGee 4 ай бұрын

“Stuck between Scylla and Charybdis”. There’s a new idiom for me to remember!

@BeczaBot 4 ай бұрын

Hahahaha! Yeah... I don't get it, sorry, I'm a dumb millennial.

@YouCantSawSawdust 4 ай бұрын

Im so glad I was born in 1967. I'm in my third home now, all of which I fully paid off before stepping up to the next one.

@kevinmckay1955 5 ай бұрын

Don’t disagree with population growth but property speculation plays a major role in setting price levels. Neoclassical economics is all about Banks fueling an economy with credit growth - their primary lending is on residential property. Treating an essential need as a financial market and allowing Bank enabled speculation has driven up prices all around the world.

@thesequelvintage 5 ай бұрын

Perth skyline was always 50% cranes, it's less than that these days, that's how I gauge that we're in a recession lol

@danaveye3977 5 ай бұрын

The Joh Beijeke Peterson metric of economics

@alexanderstevens145 4 ай бұрын

Plenty of road works though lol

@tomforeman342 16 күн бұрын

It’s mostly a Sydney problem. House prices are now 50% more expensive than anywhere else in the country without higher wages. Part of the problem is most of the international migration goes to Sydney because it’s the most well known. Either international migration has to come down or more Sydney siders need to move out or both.

@harryh9391 5 ай бұрын

It would be interesting to understand of the people coming in, how many would pay cash for their houses. Interest rates go up to slow the market but it's only effecting the people that already have loans and the handful of people that can actually afford to buy a place.

@tatianastarcic 5 ай бұрын

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

@Michaelparker12 5 ай бұрын

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

@KarenLavia 5 ай бұрын

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.

@ScottKindle-bk3hx 5 ай бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@KarenLavia 5 ай бұрын

She goes by ‘Melissa Terri Swayne’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

@elizabethclark8552 5 ай бұрын

Thanks to Howard, and no review of policy since then, here we are

@stevem815 5 ай бұрын

I think there have been reviews. They decided to do the same thing, but faster. It's the life cycle of a ponzi scheme.

@joelG1272 5 ай бұрын

So glad you are talking about cost of land being the problem instead of just saying its a supply of housing supply problem only.

@rangerscoach 5 ай бұрын

Of all the problems here the money printing during covid is the most pernicious one. The government has a responsibility to protect the citizens from themselves rather than scare the crap out of them for short term political gains. It these price increases were not the government we would see beneficiaries and no one is walking around in a mink coat and just crushing it in Australia. There’s no margins anywhere you can take advantage of to get ahead. That means what we are seeing is currency destruction rather than anything else

@conorsimpson2540 2 ай бұрын

I live in Hong Kong. The number of cranes on the new runway is close to 100. 😂 The building projects here will blow your mind.

@johnanderson3731 5 ай бұрын

The commentator rightly mentions that we have record high migration but not enough construction workers? Why? Who wouldn’t want 180k per year working on a union job? Many people would jump at that at. However one place to look is the labour governments not allowing construction workers in the recent migrant intake. Not the sole reason I am sure but a factor

@johnanderson3731 5 ай бұрын

Also many people would love to develop more in fill townhouses on large suburban blocks - one thing making it hard at moment is the high interest rates - once they go down supply will I creas

@rileysmall4317 5 ай бұрын

Most individuals would want it but union jobs indirectly increase inflation because they always pay 3times at least what the current actual market value is. Overspending for resources leads to inflation especially because newly created money is given by the government to unions thereby devaluing each dollar you own.

@rileysmall4317 5 ай бұрын

We don't have enough construction workers relative to the rate that we are expanding in terms of housing. Also by some politicians more housing is the key remedy for increased housing costs.

@lukebrinsmead 5 ай бұрын

I’ve heard some hospitality workers share their bedroom with other similar situation people to half their rent.

@Spacemonkeymojo 5 ай бұрын

Matt Barrie is a basedgod.

@jumboegg5845 4 ай бұрын

The rising cost of housing is classic textbook inflation. But we don't like to think of it as inflation, we like to believe houses are going up, appreciating in value.

@DorathyJoy 5 ай бұрын

For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.

@ScottKindle-bk3hx 5 ай бұрын

Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@HectorWhitney 5 ай бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@bernadofelix 5 ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@SandraDave. 5 ай бұрын

Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?

@bernadofelix 5 ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@oscarwild7763 3 ай бұрын

I’m an Australian living the USA. Australians have totally drank the cool aid.

@MKSouthernStar 5 ай бұрын

1700 construction insolvency! We need more affordable housing!

@jostafford3367 4 ай бұрын

There’s no housing crisis in Tamworth … heaps of houses and 17 flats for sale , no buyers that’s our problem !!! Flats 300 k that’s cheap as and Tamworth has everything . Everyone needs to think outside the box . We’re only 400 ks to Sydney . 75 thousand people so park your bags and come to Tamworth .

@TheKinky4ever 4 ай бұрын

zero jobs

@marneuscalgar001 2 ай бұрын

300k for a flat is cheap if you live in Sydney, If you live in rural tamworth 300k is expensive givne the jobs available.

@josephdewuhan 5 ай бұрын

The real sin is that currency or money is not being honest. When money can be generated out of thin air, they are destined to be gained first dishonestly by people in power or in favourable positions. The result is desirable assets are in short supply even at very high cost ( including but not restricted to high end houses, costly high end restaurants, hotels, expensive goods,…), and at the same time, poor people or even middle class find it more and more difficult to survive a decent life, many become homeless. When money is honest, even a shoe shining boy at the airport should be able to earn a decent living through hard work.

@bop-ya-good 5 ай бұрын

Comparing with Australian dollars?

@chuckmaddison2924 3 ай бұрын

It's all relative if you don't pay workers, they won't come back and buy what you are selling. The government should control product pricing and wages.

@peterburke8650 5 ай бұрын

Even if you own your home you still have to earn big dollars to afford to live in it.

@sugimoto2389 5 ай бұрын

It’s nuts to think that if you save $500k and buy the median house in Sydney your mortgage is almost $1mil when stamp duty gets included. Who saves $500k if they are also renting?

@pebblepod30 5 ай бұрын

Wages only need to go up to cover housing (rent or mortgage), it's nothing else!

@gavinadamson2891 5 ай бұрын

In addition the superannuation system encourages older people to stay in their homes longer, the government offers services to keep older people in their homes as they age. There is around 800 000 people over the age of 65 living alone with 80% of these owning their property. There is over 280 000 properties in short term accommodation. Ban short term accommodation in cities and include properties in the 800 000 and above range in the consideration of pensions. Boom!

@scottwilliams1623 20 сағат бұрын

There is a big reality that we Australians do not factor into the discussion. I spend a lot of time around the world for business, not much of it in the developed world. The reality is that most of this planet is so far below what the absolute worst conditions we would see in Australia (including Alice Springs etc) that we just do not appreciate what most of this planet can tolerate. The reason that for centuries now the frontier world like Africa has been penetrated by India and China is because they are able to thrive in conditions most Europeans would not be able to tolerate. As we moved from the European heritage world to the 3rd world being the biggest source of migration we did not realise that for the new migrant groups, life in an Australia that is overpriced and overflowing high rise shoe box apartment towers is still Heaven with Healthcare. For the person smuggling in their family from the 3rd world, they care nothing about the enormous erosion of Australian living standards because they have won the lottery, they have made it to the land of their dreams. Couple that with the rate of migration intentionally being well beyond the rate at which we can force absorption & assimilation into our culture, and you can see why from politics to business, Australia is destroyed by self interest. However the factor the self interested forget, is that everyone is self interested, and the number of non home owners is now close to enough to vote in a party who want to destroy the system. Why would someone who knows they will never own a house care if they voted in a leader who would destroy the real estate market? This is where Australia is headed.

@stipitza 5 ай бұрын

The money we all used to have still exists, its just not in our pockets any more. Its all gone somewhere, just where?

@rileysmall4317 5 ай бұрын

Inflation, the value of the dollar has dropped because of over spending by the government. Free(newly created) money to things that don't increase GDP lead to each dollar you own being worth less.

@stipitza 5 ай бұрын

@@rileysmall4317 I understand inflation... money is a representation of wealth, its not actually technically worth anything. So the wealth that we used to have (which was represented by our money) , where has that gone?

@rileysmall4317 5 ай бұрын

@@stipitza some politicians, the central banks and some large corporations. We as a collective of all the taxes we pay only use about 26% of that money on the upkeep of the nation. Everything else is an over expenditure which is only good if it's going towards things that increase the GDP. That's what drives the value of the dollar down, bad expenditure on things that don't better the lives of Australians.

@heidithesausage 4 ай бұрын

@@stipitzaCorporations & CEO's with their snouts in the trough, millions in bonuses every year is never enough for them.

@stipitza 4 ай бұрын

@@heidithesausage they couldn't do it without corrupt politicians backing them.... ultimately it's our own government betraying us while lining their pockets

@JamesJansson 5 ай бұрын

Immigration is not the only answer. We had negative net migration for 2 years, the result was a housing price boom. There's more to it. Cheap interest rates and housing as a tax dodge are definitely contributors.

@user-lj6gk4lv9s 5 ай бұрын

It's entirely zoning, houses are cheap in Japan where zoning is lax. You can't legally live in a caravan on your friend's farm, that's insane, it's non one's business, you can have unprotected gay sex with a stranger, but you can't put a caravan on your friend's property when you're homeless. Even Eskimos living on snow can house themselves.

@thomothomo1078 4 ай бұрын

There was still excess demand however.A lot of expats returned home during that period.

@boofex1 5 ай бұрын

Two tier culture is here

@frankthetank8552 5 ай бұрын

What about the visas and such for buying bisiness??? Why are all businesses owned by a certain foreign culture

@danielcorrea7798 5 ай бұрын

Can’t just blame migration, we should also look at the reasons why we are so reliant on Migration.

@johnnywalker6929 5 ай бұрын

If we ban uber/uber eats and pay aged care workers more money would we still be dependent on unskilled migrants?

@Gazm0 4 ай бұрын

Labor gov doesn't want to have a recession under their watch...

@robertmariu6783 4 ай бұрын

2019 Labor was going to curb the housing bubble thru the tax system. The tax system makes the housing market an investment portfolio to increase one's wealth !!

@SigFigNewton 4 ай бұрын

Hefty vacancy taxes pretty obviously improve society

@williamwillaims 4 ай бұрын

Where is the full interview? Struggling to find it,.... and pay rent 😂 *edit... oh just found it on spotify. (I'll have to remember to cancel my subscription to save some money - or as my father inlaw says "stop buying so many avocados" 🥑 🤔

@MrSteve72 5 ай бұрын

why not limit the amount of Investment properties someone can own? wouldn't that create more supply and lower prices?

@yesthehandymancan 4 ай бұрын

Are some migrant workers also doing construction work in Australia? Or are they all tertiary higher education workers?

@jostafford3367 2 ай бұрын

No worry’s just trying to help 👍

@David-mt1ge 4 ай бұрын

How politicians and policy makers cant work out basic arithmetic. 2000 migrants per day CY2023, ~160,000 homes built. And the answer is to build more homes? No, the answer is less migration. I care about standard of living and quality of life, two metrics that diminish as a direct result of overpopulation. It extends beyond housing, it's hospital waiting lists, roads in Sydney and Melbourne turning into carparks, rising homelessness. The list goes on. Trust me, you dont want Melbourne or Sydney becoming Sao Paulo, yet that's the trajectory we've adopted.

@yoflo3002 5 ай бұрын

Youll all do shit, noone is protesting and only complaining.

@user-lj6gk4lv9s 5 ай бұрын

It's not migration, it's restrictive zoning. Houses are cheap in Japan where zoning is lax.

@alex98b627 5 ай бұрын

$12,000 per sqm to rent a restaurant in Sydney? Where? That sounds like fake news to me. I own a restaurant in Melbourne. CBD rents here get up to $1000 per sqm and in the suburbs it could be as long as $300 per sqm. Where is this data coming from? In another video he says that 730,000 came to NSW “last year”. That is more than the total national migration numbers. That number is about 10x the official data for NSW inbound migration data. Again, where is this guy getting his data from?

@markferguson7563 5 ай бұрын

RE: 700,000+ immigrants that arrived is absolutely correct for the country in the previous year. I recall what you are referring to here, as he didn't specify the national intake. As for the cost of renting a commercial per sq metre is one thing but I looked at the menu prices in three places near where I live in Surrey Hills/Waterloo and the cheapest for a main course for a basic pasta dish was $32, and a steak meal up the road was $43.

@stevem815 5 ай бұрын

I think he probably meant $1200/m2, which would be accurate. 730,000 was the 22/23 Australian immigration number. He's messing things up but I don't think he's doing it on purpose. The channel shouldn't be clipping it and putting it out though. It's very easy to check those numbers. Regardless, most people will just take away 'unsustainably big' rather than an actual figure, which I think is a reasonable impression. It is sloppy though.

@alex98b627 5 ай бұрын

@@stevem815 yeah good point, we all make mistakes when talking but the editors should do some basic fact checking before publishing incorrect information. If they are a credible platform…

@alex98b627 5 ай бұрын

@@markferguson7563 what price are you expecting? When I joined the industry over 20 years ago, entrees were around $15 and mains around $25. Steak might sneak up to $28-30. 20+ years later, when many other costs have increased 2x or more, those prices have gone up ~50%. By far the biggest input cost for a restaurant is Wages. Daylight is second and ‘cost of goods’ is third. Unless you’re silly with your business model, rent should be less than 10% (less than 5% for ‘full service’ restaurants). Heck even the government’s take (GST) is generally higher than rent. Would you accept lower wages for your job, and ask everyone else in Australia to accept lower wages, in order to get your pasta and steak cheaper..?

@markferguson7563 5 ай бұрын

@@stevem815 Yes, Steve, I also thought the guy was convuluted with conveying numbers. But what he is right about, albeit it took him a tad over 5 mins to say it is that, large immigration intakes are the crux of the problem. Apropos to that, on June 5 last year, I attended a meeting at the Alexandria Town Hall, and Tanya Plibersick the local MP was one of a 3-person panel taliking about, and fielding questions from attendees on the real estate crisis - either with the lack of properties to rent and, indeed, excessive rents. Alas, she had the termerity to succor the concerns of her constiuents when she was certainly au fait that Labor was locked-in to bringing in big numbers of migrants. This is particularly so in the Redfern/Waterloo/Surry Hills area with international students. With regards to that I know of 200+ units that foreign students have usurped from locals since then. In the building opposite my abode there are 7 apartments, of the 42, that ISs have moved into since june 5.

@theboythatdid2495 4 ай бұрын

It is not solely migration, there is enough homes for everyone to at least have one, problem is you have greedy dogs buying multiple as investments, coupled with the high amount of immigrants coming here, not to mention all the property developers building these shitty matchbox apartment buildings and homes out in western sydney, where all the people immigrating to NSW are going to, the new amount of places to live in my area is crazy, and they are all sold or have leased before building is concluded, absolutely insane situation we're in, in thus country

@stezzoffinator 5 ай бұрын

Proud to pay more for steaks when staff are well paid. Not so proud about the inflated housing market

@CA999 4 ай бұрын

I notice nobody in this housing crisis talks about ecology or the environment...

@oscarwild7763 3 ай бұрын

What!!! I thought australia was the lucky country

@jabbersart6218 4 ай бұрын

I was tricked to do newspaper delivery when I first moved here 11 years ago, even as a white american. Aussie dollar is so much higher in number than american, and it looks amazing. immigrants are desperate when we move in to get any work, I gurantee we are being taken advantage of.

@daniellesoulard5215 5 ай бұрын

Erode the middle class at your peril

@adammcdonald1839 5 ай бұрын

Are we really growing our population? Why are there no workers ? Are these real statistics from ABS ? I’m not n small business and no workers ?

@michafrica 3 ай бұрын

Just print more money to make problems bigger...or start working and developing. Is not just Australia, the whole West has the same problems. We think we are special and someone else should do all the work.

@DjDmt 5 ай бұрын

Something is going to break soon, deflationary bust coming

@rileysmall4317 5 ай бұрын

Buy gold

@jackhogan5763 5 ай бұрын

Credit score system incoming

@paulinecarr7695 5 ай бұрын

I was just telling a couple of fijian girls how to do it while studying. Governments wake up

@NenadTorbica 5 ай бұрын

When your economy is based on housing and flipping burgers to each other.... that is outcome!

@honahwikeepa2115 4 ай бұрын

An impersonal science value being applied to the individual by government and society.

@Eric-kn4yn 5 ай бұрын

Wheres your greens and carrots.

@trotts1885 4 ай бұрын

Knock it down

@notyourmum9938 5 ай бұрын

Ah yes, talking about the important stuff, if waiters provide service or advanced service, or maybe do they bring there own grater..........

@steshaw3 3 ай бұрын

Sensible analysis. Beyond simply immigration, the banking system has to share blame (including APRA). In the end, people are the problem, people in power, people setting the policies, people convinced by the propaganda (that continually increasing house prices are normal/sustainable and not a ponzi).

@MarcelleHechenberger-jg7pl 4 ай бұрын

Katharina Blakeway

@tatoman11 5 ай бұрын

With God, all things are possible brother. Move out into a regional centre and start living frugally. My wife and I have been married for 12 years and we have 5 beautiful kids. We are not rich. I am a teacher who works part time and my wife is an RN who is a stay at home mum right now. We home school our kids and live a very peaceful life for the most part. Trust me, we are not wacko’s. We are just seeking to follow Jesus and live God’s way. Unplug from the rat race my brother, it is designed to keep you in a constant state of anxiety and despair. I am praying for you and I hope these words ring with truth and hope for you. God bless you.

@Web3Future333 4 ай бұрын

Landlords own dozens of homes and gougue our eyes out, leeches on the working class.

@Web3Future333 4 ай бұрын

Not to mention BlackRock and friends who own thousands of houses in our cities and squeeze as much profit from “family” housing.

@paulinecarr7695 5 ай бұрын

I know how migrants meet the threshold at 24 hours pw but 1000k pw. ABN. So simple

@leonie563 5 ай бұрын

LMHO when he didnt know the migrant visa minimum wage/salary but knows about cranes in USA...Australia yet he works for an Outsourcing platform leaving wage rates opaque or desperation rates...