Australian property is cooked, I’m not putting 300k down and getting myself into 900k worth of liability debt. Before anyone says rent it out as an investment property, check the interest rates you dopes. You’re all speculating on infinity immigrants coming here, with no change?
"Elon's iq is probably not even that high
I only make $50k a year by choice and because I am morally superior to him
I have a Master's degree as well and he doesn't
I would estimate his IQ at ~125
Not low, but certainly not near mine which is 153
I assume"
- Every redditor
@DissentFu You were handed one of the best stock markets and housing markets but instead of investing or saving you messed it up. Imagine if even 5% of your paychecks went into buying $TSLA. You'd be thanking Elon for making you a millionaire.
@Gazz23 If you can put a 25% deposit down, you can afford it, that’s 75% LVR. The problem is the values are so over inflated it doesn’t make sense to do so. The same deposit can buy you two profitable businesses 😂
Australian property is cooked, I’m not putting 300k down and getting myself into 900k worth of liability debt. Before anyone says rent it out as an investment property, check the interest rates you dopes. You’re all speculating on infinity immigrants coming here, with no change?
@ashNZcrypto The only people who will be in negative equity are the ones who bought in the last 2 years. People are up well over 100%, I doubled mine and thought it couldn’t get any worse.
@drift_node037 Key word yet but even with no deportations, ceasing immigrations until supply/country catches up. That sounds like a big cool down to me which rates are always slowing.
@johnny_wakko@AHarwood547057 Many will just give up or leave, gonna be a juicy recession when it finally hits here. Technically already in a per capita recession.