no one is talking about this alarming trend.

in 20 years this house increased it's value 7 times over.

Do you understand this is basically what a collapsing economy looks like. There is no way a house should increased it's value 7 times it's original value in 20 years.

My parents built a cheap house in florida bout 15 years ago.

It was $69,000 and that was with a lot of Extras. base model was 49,000

Lived in it for 6 years sold it for $385,000 to a Immigrant school teacher.

She didn't make a single payment they foreclosed 6 months later.

We are living in Insane times

They have been hiding all the inflation in the housing market.

Do you understand what that means.

this is fucking crazy.

1 million australian dollars is like 10K US dollars.

Also, I'd like to know what kind of child labor you were engaged in as a kid, to be able to "rent a house as a child".

nope

they'll just earn a lot more than you.

.

1 million Australian is $691,395 US dollars you fool.

Obviously I didn't rent it, my parents did.

wages are not increasing.

Money doesn't work by things getting more expensive all the time. That is not how money is suppose to operate.

God people are stupid.

Then learn how to construct a proper sentence, fella!

Salty salty lol

Most people think the 'value' is going up as reflected in the nominal price rise. The reality is that the rise is simply reflecting the debasement of the currency units in which it is being measured. This is being seeing all over the Western world where money printing has been accelerating since 2001.

It is also why prices are rising now in consumer goods - the rise in prices is just the inverse of the debasement of the currency.

with inflation wages are going down 8% just this year alone

the whole system is ripe for total collapse

I bought my house back in 1984 for $125,000 today's market 850,000

so that's a 700% increase in value

Have your wages increased by 700%

Retired 14 years ago

your generation doesn't grasp inflation.

wages aren't rising in obsolete industries.

fast food salaries have doubled and
I have $8k per month of disposable income.

.

It's the same in Canada.
My parents came to Canada because life was easier. Easier to get good paying jobs. Easier to buy a house.
Now it's hard to find a good paying job and impossible to buy a house.
In some cities, like Toronto, it's impossible to even rent an apartment since rent for a 1 bedroom is more than a minimum wage income.
Inflation has really increased in the last 10 years especially.

A lot of homes were bought up by investors who renovated and contract garden services to maintain yards. these houses sit empty of people, are fully furnished but only get bed and breakfast leased so the owners can pay the rates.

it was reported here because families are finding it difficult to find long term rental property's.

the issue is, homes should never have been used as solo investments for capital increase.

Fiat money isn't going to last much longer at this rate. Already the quality of people's lives has more than halved in one generation.

I think you are missing the point bimbo.

This is about the money system collapsing.

After 1913, the banksters sold us the bullshit that "a little inflation is a GOOD thing."

It isn't. It is slow, incremental theft of the wealth of the productive classes.

Back in the day, before fiat banksterism, most countries operated on a gold, or gold/silver standard. The money WAS the common currency (along with copper, of course) and it not only kept its purchasing power, but actually benefited from gradual DEFLATION (thereby INCREASING its purchasing power over the decades.)

They will not be.
Not if I and mine....have anything to do with it.

And I apologise...I didn’t help this, (in fact, I encouraged this) although....lots of australians made lots of money...so I’m not really sorry....

the problem tonight, is 87 000 empty properties in Queensland alone....

This is unacceptable.

This person understands what I am saying. The currencies are failing and they are hiding that in the housing market.

there are too many people and its not possible for everyone to have a house or a home, if every human on earth had a house there would be no trees anymore and no woods no rivers etc its simpply not possible, the same is for vehicles if everyone could afford a vehicle just image the chaos ..

Everyone does have a vehicle. What are you talking about.

[link to www.youtube.com (secure)]

own nothing and be sad?
who said that remember?

I built a 3BR 2Bath house in 2010 to raise my kids in (single dad). They have grown and moved out. Due to the tax increases I would be paying too much per month to ever retire. So I am demoing a nice home just to be able to get by and not have to sell the land. Our forefathers never intended for the country to be this way.

OP. It’s because interest rates were suppressed and the Fed was still purchasing mortgage backed securities up until a few months ago.

That’s over. Now you are going to see the mother of all asset price deflations. That 2million home will be back under 200k in a year.

This is the kind of shit that will get hard line communists democratically elected by the disenfranchised. Watch, you’ll see.

It usually starts out this way.

The J scam american controlled economy and assault on the middle class