We Need To Talk About Financial Stress...

[@jasonfrisken7606]

One of the few credible voices in a world of corruption and neurotic madness, God bless you Martin and John uppercut Adams

[@WalkTheWorldDFA]

Thanks = appreciated.

[@item6931]

Rental stresses can effectively be ignored by politicians because we only make up about 1/3 of voters. The tyranny of the majority is awesome. Just like so, so many others recently, my landlord sold up and I had to find a new place. After an inbox filled with rejections, I got one (for which I am extremely thankful). It is $150 more per week for a smaller house. That's like suddenly having to pay off a car I don't own btw. Am looking at weekend work as well to improve cash flow but no luck so far. And I'm actually one of the lucky ones. As someone else posted here, govts better start to take note of Sri Lanka and the like. Only so much bashing we can take before we retaliate.

[@lordprivateer4965]

And how would you retaliate?

[@item6931]

@@lordprivateer4965 Help organise lawful, civil demonstrations at first. After that, depends on the govts response.

[@farqueue]

@@lordprivateer4965 If all the renters just stop paying the rent all of a sudden.... then what? bit of investor stress for once?

[@lordprivateer4965]

@@farqueue Like all cartels, all it will take is a few betrayers to your collective actions. Meanwhile, most of you will be evicted.

[@farqueue]

@@lordprivateer4965 Ahhh well we will all just rest up in a park just up the road from you till things change perhaps?

[@byson123456]

1.4 million for a house on 550 square metres of land. 40mins out of Melbourne CBD. Ice berg lettuce $8.50 petrol 2.09ltr. Hows that sustainable?

[@georgekeiser3867]

Easy, get a better job lol (FYI: sarcasm)

[@item6931]

Yeah get rich fool (also sarcasm lol)

[@vmeisterkun]

Government intervention have you learnt anything? 🤫

[@farqueue]

Idea pool for everyone in Australia on what we should all do: - Become a tok toker? - Get high paid Govt job? - Become Police? - Only fans? .... and I'm spent

[@Charliechorizo]

Welcome to Africa.

[@farqueue]

When investors & renters are both stressed then we have a real problem... it's a race to the top (bottom) from here

[@algae_rhythms]

Stress only being put on mums and pops investors, not the institutional investors. This is a corporate takeover on a global scale. The mortgagee sales won't be on the market for long before being scooped up by the hedge funds behind the 'government'. This is how Agenda 2030/"you will own nothing" takes place before our very eyes.

[@markstevenson6852]

Have a look at what's happening in Shri Lanka . now that's what I call Household stress, take note politicians!

[@prancer4743]

Ya they have 133% inflation your right 👍🙏

[@donavonlarney]

really bad corruption with blatantly wasteful self serving decisions.... at least here they hide it a bit better.

[@devshah4030]

@Mark Sri Lanka doesn't have any foreign cash reserves left and at the same time the inflation is way out of control. Turkey is next in line with 70% inflation.

[@MullockHeap]

It’s clear to me after following you for some years now that you and John Adams look at hard data objectively and also personally care about people other than yourselves. Thanks for all the hard work you’ve done 👍 it allows us to reduce our own stress by making at the very least, somewhat informed decisions.

[@jimmythetulip]

If you've been following them for some years you would also know that their prediction has been wrong so far...

[@MullockHeap]

@@jimmythetulip Regardless of predictions being wrong or right I’m not here to see a fortune teller. The hard data analysis and regular discussions about the economic state of the country has been valuable to me, especially over the last 5 years. Simple advice like “reduce/pay off your debt” has relieved huge amounts of stress from my life.

[@John-eu7hl]

@@jimmythetulip Only because of unnatural acts eg job keeper, 20 k each out of superannuation to buy homes and mortgages at 2%. Never in history have rates been that low. So who could predict that you miserable creature.

[@vmeisterkun]

Still waiting for that sweet market crash 🤣. Keep waiting

[@vmeisterkun]

@@MullockHeap 100% pay off your debts or manage it well. You gave good advice.

[@MrTurnipator]

Thank you for all the time you put into your channel. It's data driven, narrative-critical information that is hard to find and very much appreciated.

[@WalkTheWorldDFA]

Much appreciated!

[@Kimber-bz9fe]

Thank you soooo much for sharing all your hard work with us subscribers. Gosh Bless to you Martin

[@WalkTheWorldDFA]

You are so welcome

[@rrssmooth6643]

What gets me is how you know what incomes each household has to expenses.

[@jonahtwhale1779]

He asks them to complete a survey which includes this data. No idea how he knows if their answers are truthful or complete.

[@rrssmooth6643]

@@jonahtwhale1779 That is a lot of people replying.

[@TheDring44]

Getting a bit terrifying... What will be more terrifying is what the gov does to try and stop it collapsing....

[@finn1951]

They will print and print !!.

[@vmeisterkun]

@@finn1951 exactly, clearly these analysis lack the idea of government intervention .

[@davidlazarus67]

What they do to try and stop it will only defer the problems. If they push up house prices it may only encourage landlords to sell. This might make rents even more unaffordable.

[@pauldiezel4584]

The govt is watching what's happening in Turkey, the US and Sri Lanka and know what's coming down the turnpike. Sorry homeowners/mortgage gamblers. You're going to be the sacrificial lambs.

[@stevef.m.2188]

Thanks Martin That was a real good show

[@Chris-by8eh]

Mortgages go up, Food goes up, Petrol goes up. Gas,electricity, Everything is up, so no buffer left at all.

[@cze33e]

Why is there a COVID misinformation banner on this video? Great informational video as usual Martin. Thank you.

[@WalkTheWorldDFA]

No idea... but thanks...

[@georgekeiser3867]

Isn't it obvious? You need a booster to handle the mortgage stress.

[@tonyneville4425]

@@georgekeiser3867 lol just 1 more booster to flatten your pulse

[@georgekeiser3867]

@@tonyneville4425 Gold

[@farqueue]

Because there is accurate information in this video and they wish to ensure you realise scams exist

[@mjb6446]

Your housing scenarios categorised by postcode that extend out to 36 months is peculiar to me. I don't believe it will take anywhere near that long to see the end results, whether good or bad. I mean already in the space of just a few months house prices have dropped over 10% around where I live. And the huge gains experienced in 2020 and 2021 of about 30% appreciation occurred over a span of about 18 months. The same type of depreciation (or extremely unlikely re-appreciation) can easily occur within 12 - 18 months and doesn't require 36 months in my view.

[@torpedodropkick59]

But can people service the mortgages if the economy has high inflation and rising interest rates?

[@lordprivateer4965]

@@torpedodropkick59 Inflation will depress the real value of the loans, making them far easier to reapay...

[@mjb6446]

@@torpedodropkick59 People will find a way to service their mortgages on their PPOR's, so long as they maintain employment. They will sacrifice a lot before pulling the pin on a PPOR. Investment properties on the other hand......

[@bondisteve3617]

Thanks Mr. Martin.

[@kazadimowambad]

fantastic work Martin. can you do one of these reports for good ol' Aotearoa please

[@WalkTheWorldDFA]

Do not have the data from NZ, no one wanted to pay for surveys... so can only speak more generally...

[@choopa1670]

Thanks Marty.

[@WalkTheWorldDFA]

Very welcome

[@gzero2814]

Martin Cut It up One Time (he actually does it daily, sometime twice a day!) Let's talk about rates, baby (a conversation we shoulda had 6 months ago - but it wasn't a race!) Let's talk about you and me (yeah, we're cooked!) Let's talk about all the good things (that used to be - life was much more simple in lockdown land!) And the bad things that may be (rising inflation, rising rates, supply chain cr*pped out, defaults, cashflow stress ... )

[@newto4361]

Thumbs up definately for you on this one Martin,the complacent politicians had better do a lot more than what they are currently doing and fast,otherwise they will increasingly answer for it.

[@thewanderer2041]

My favourite sausages have all gone up another dollar today at ALDI. Not happy Jan!!!

[@WalkTheWorldDFA]

Oh no!

[@item6931]

Chicken an extra $/kg at my local. Also not happy, but hardly unexpected. $/kg rules

[@item6931]

@@sonorous8028 I tried that with rice, but I really started to pack on the weight. I don't know why. I need something close to a keto diet to keep my weight in a healthy range.

[@raewynannbenten1385]

@@sonorous8028 I was a meat eater for first 45 years of my life. Became a vegetarian 13 years ago. Took about two years to stop missing meat. Interestingly now, the look and smell of it makes me feel like gagging and I don’t miss it at all. Over a three year period, I lost twenty kilos, and have kept it off, just by cutting out meat, got really healthy and our grocery bill is about 30% cheaper than when we ate meat. (Assume similar relative savings even today, as meat is even more expensive than then). It takes considerably longer than a month to adjust and gain the longer term health benefits. FYI, we gave up meat for personal ethical reasons, but the $ savings and improvements in our health were certainly a welcome side effect. Good on you for trying, perhaps you might find it easier to cut down rather than go cold turkey …….pun intended. 😀

[@redsed1565]

I think u deserve a Holiday now Martin. Thanks for all ur hard work but its quite obvious now we're on the Highway to hell. But then again for some its Stairway to Heaven! 😎🙌🏼🙏🏼🧨🧨🎃🎻🎺🎵🎶🎹🎼📌📌

[@mjb6446]

Regarding your Summary Outcomes, I think the RBA Baseline scenario with 2.5% cash rate has a 50% chance of occurring, and your so called "Best Case" (1.5% cash rate) has a 10% chance of occurring, so basically the reverse of your figures. I'm in agreement probability percentage wise with the other two scenarios.

[@WinstonSmithsBrain]

Let the hunger games begin!

[@davidlazarus67]

As sponsored by Westpac.

[@becsterbrisbane6275]

May the odds be ever in your favour!

[@elijahschnake3863]

with the stressed investors is that the properties in that suburb are owned by stressed investors or investors living in that suburb are stressed?

[@mcm9329]

Is this possibly another case of history repeating itself like some century-cycle of events and fortunes?

[@life_of_riley88]

"History doesn't repeat itself, but it often rhymes." -Samuel Clemens

[@teatowel11]

Hi Martin, do you not have any senario where the cash rate goes to 5%?

[@farqueue]

I think if you become a patreon you can access some models and play for yourself... but I am sure DFA will help you

[@cryptocollies222]

The rental situation is 1 must have 6 months in advance in reality to secure any rental in QLD....without that u have no choice but to share or buy or ur on the street.......= not good...or if u know someone u ask to stay etc

[@item6931]

Queenslander here. Had some savings for a rainy day. Wasn't expecting that rainy day to be getting "Notice to Leave." Anyway, savings gone.

[@cryptocollies222]

@@item6931 yes me too.....need to get a nice place to own.....northern NSW has nice properties & better bang for your buck....QLD properties are way overvalued

[@kienhwengtai8113]

RBA might increase their rate from 0.35 to 0.75 if rumours are right.

[@Bobafe77a]

They will.

[@item6931]

50 basis points if they're going to even have a chance to get inflation under control in the medium term.

[@jonahtwhale1779]

And then the rest. The rises will not stop at 0.75%. This is just one step on the ladder.

[@item6931]

Wow I was actually right lol

[@thumpernats]

The percentages at 15:28 dont make sense

[@SmashedHatProject]

9k is not 95%of 17K...can you explain the berwick/harkaway discrepancy, and some of the other numbers also do not seem to track

[@SmashedHatProject]

12:10 for reference

[@item6931]

@@SmashedHatProject Yes. Postcode 2620 there are more household in stress than total households.

[@goldlad3875]

I just seen an ad on tv from Harvey Norman offering a hair straightener for $599! 😂 yeah think people have gone mad

[@farqueue]

Dyson? I got my wife one of those blowdryers for a gag - it lasted exactly 2 years and a week. She's back on the old $50 she had originally but thanks anyway Dyson

[@goldlad3875]

@@farqueue yeah Dyson

[@becsterbrisbane6275]

I wouldn't touch a thing from Hardly Normal with a 10 foot pole.......

[@monamorgan2588]

I blame the corrupt politicians and F RBA while every economists have different number. They killed self retired. The amount of debt after Covid while everything was closed.

[@SevenCostanza]

where currently negotiating our EBA at work and they offered us a 0.3% pay rise. so with inflation I'm gonna be making less money than before lol what a joke.

[@starcarbonracer]

So. Has your stress data been independently verified?

[@jimmythetulip]

Property price is going to crash..... I've heard this from you before....

[@stolencone7533]

Not much point saying property price are going to crash after they have crashed.

[@item6931]

But you haven't seen the interest rate rise before either.

[@devshah4030]

Property prices have gone up almost 10-20% each year in past 7+ years and now there was just a moderate drop of 1.98% in Sydney.. too much of a drop..right?

[@torpedodropkick59]

Not first?

[@WalkTheWorldDFA]

Congrats.. you are...

[@torpedodropkick59]

That’s luck, first time ever! Go Martin!

[@maxinemontgomery9162]

Repeating the startast century this century. Eg. the great depression, spanish flu and war. Let's hope millions don't die of starvation as well like they did in Russia China and under Pol Pot.

[@rohitjayasheel]

Very nice update. Let's see how much more billions or trillions labour government going to give to property sector

[@chmoss6310]

Shit.