Australia rental situation (pic)

[alphaalbertan8]

[r32gojirra]

Lmao

Guessing that the actual bed sharing arrangement will not be with a white twink

But hey they’re investing the difference

Lmao

[MeSoHawny]

Lmao

Guessing that the actual bed sharing arrangement will not be with a white twink

But hey they’re investing the difference

Lmao

You may be doing very well out of real estate in Aus, but the reality is that its phucking the economy six ways from Sunday and its sent the country down a horrible path.

If people cant afford the basics, discretionary spending plummets and with that goes your consumer economy.

This wont end well.

[r32gojirra]

You may be doing very well out of real estate in Aus, but the reality is that its phucking the economy six ways from Sunday and its sent the country down a horrible path.

If people cant afford the basics, discretionary spending plummets and with that goes your consumer economy.

This wont end well.

I agree

Directing capital towards selling the same depreciating assets for increasingly large sums of money is a death sentence for the economy

However it is one of the few feasible means of generating an investment return that is not only immune to inflation, but in fact benefits from it

I owe it to my kids to continue milking this for all it’s worth.

[fuzzysoup]

Would ask for more than 300 if that ******* wanted to sleep in my big warm bed

[r32gojirra]

Would ask for more than 300 if that ******* wanted to sleep in my big warm bed

You would pay $300 an hour to bottom out that twink

Extra if he tops

[alphaalbertan8]

You may be doing very well out of real estate in Aus, but the reality is that its phucking the economy six ways from Sunday and its sent the country down a horrible path.

If people cant afford the basics, discretionary spending plummets and with that goes your consumer economy.

This wont end well.

yeah that guy is a dumbass

watch crime rate increase like crazy

also massive protests and society crumble

[kiastinger]

Yet all the cafes and restaurants are full. People are still buying all stupid stuff. The govt has lots of good schemes like first home buyers grant and 5% deposit scheme but the the idiots of today are totally ignorant to everything.

[theory816]

Just fkn lol if you can't build houses just fkn lol.

[DesiredUserphag]

God forbid putting a single bed in the living room LMFAO. Sharing a bed LOLWUT? How fucking poor is everybody?

[EDcellent]

God forbid putting a single bed in the living room LMFAO. Sharing a bed LOLWUT? How fucking poor is everybody?

They probably have bunk beds set up in there, along with the kitchen.

[TwoTailedSperm]

God forbid putting a single bed in the living room LMFAO. Sharing a bed LOLWUT? How fucking poor is everybody?

it's not a matter of money, it's more a matter of a lack of beds available, and yeah in that case the available beds get bidded up to the point where it is about money but i don't pretend to understand the reasons, chits pretty hectic.

[r32gojirra]

Yet all the cafes and restaurants are full. People are still buying all stupid stuff. The govt has lots of good schemes like first home buyers grant and 5% deposit scheme but the the idiots of today are totally ignorant to everything.

Raising interest rates actually gives some categories of people more money to spend FYI

I don’t carry any debt on my home and rents are going up so that boosts my income

[MEDITATE]

at this point , buy a car and live in it

[MeSoHawny]

I agree

Directing capital towards selling the same depreciating assets for increasingly large sums of money is a death sentence for the economy

However it is one of the few feasible means of generating an investment return that is not only immune to inflation, but in fact benefits from it

I owe it to my kids to continue milking this for all it’s worth.

No I dont begrudge you it at all, if I lived in Aus I would be doing the exact same. Its just such bad news for Canada, New Zealand and the UK too right now I have no idea what they are thinking with this but its going to be a disaster long term.

Im a trust fun baby and we have offices in Hong Kong, family is into commodities and I have spent a ton of time in Aus over the years as a result. Im actually in Perth right now (love this place just such a pain to get here)

Aussies built the best country in the world for the middle class, and they have managed to undo it in less than 15 years with the property madness. I dont even think its a bubble, its a genuine shortage that has been created with phucked up immigration policies and all sorts of red tape around construction and development. I dont think the average American actually understands who good the Aussies have it, or used to have it.

Its not going to pop, its a full blown wealth transfer thats underway.

[MeSoHawny]

Yet all the cafes and restaurants are full. People are still buying all stupid stuff. The govt has lots of good schemes like first home buyers grant and 5% deposit scheme but the the idiots of today are totally ignorant to everything.

That means nothing.

Compare median income to median house price. That ratio in Australia is one of the highest in the world

[Anachron]

Raising interest rates actually gives some categories of people more money to spend FYI

I don’t carry any debt on my home and rents are going up so that boosts my income

But but but rents are not affected by rising interest rates!

[TwoTailedSperm]

But but but rents are not affected by rising interest rates!

It's not as simple as either side of that argument makes it seem. Price theory is not a snappy quip.

However the rental shortage and increasing rents started before the interest rate rises. It started before immigration really ramped up after covid pause and then the immigration catch up from covid is absolutely smashing it (Simpsons "Stop he's already dead" meme). I don't understand the reasons but I have been watching both the home rental and sale markets quite closely for the last 5 years.

[WoofieNugget]

You guys are on the same track as Canada. The pajeets in Canada have been sharing rooms for a couple of years now. They have no problem with it because they are used to having fifteen people in a three bedroom house.

There's Indian landlords now who won't even accept singles or couples to rent a place because they know they can pack eight renters into a three bedroom house and make more money. And blatantly advertising space for women only because they want to be able to set up cameras and perv on them. It's disgusting.