Originally Posted by
local
Market value ?
My own work which normally doesn't deal with the public has been effected by the slowdown, but its a major worry as I see it for Australia in general. We are really suffering the effects of stagflation, but nobody really wants to admit it. It might not be here now, but just around the corner.
Look at the financials of the banks and you might see something which is not publicly commented on, sure they make billions, but look at their ready cash reserves (which really is not cash as such). The figures show an increasing rate of mortgage difficulties which technically are defaults, but they are trying to hold of on repo's so not to be the first to cop shit over it.
Yet, is the real estate boom over ?
I have always stated "never by into a unit building till it reaches it 7th year" as by then the building issues either are in the courts or been there. Nowadays this is extremely relevant.
There is a nasty side effect of the last couple of years booming, the extremely poor quality of renovations which after the 6 years warranty, will create so many more issues not in apartments, but it 95% it will be kept quiet even by the press.
Most major manufacturing has moved offshore, the blue collar work force we have now is too small and too spoilt.
Even the great usa is turning on it allies which only more show for the shitbags in government now (may 2024) are cozying up to the marxist ideals of the stupid lazy society of the latest gens.
the majority chinese sex industry in australia isn't even locally driven....
Oh I should check out the aussie sex side of things, I suspect they are doing better and meeting their market demand.
So who really has enough time to do reports ? (I am trying to retire and just keep getting boringly busier).
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