If you ever feel dumb, just remember there are people dumb enough to buy an over priced house with a 5% deposit without critically thinking about the consequences of what they were doing.
My little Uranium watch list:
$URG
$CCJ
$DNN
$NXE
$UEC
$UUUU
URG setting up to break out of a 17 year long base
The rest all setting up for continuation plays.
Let’s get that bread
$URG
With #Uranium running im seeking exposure through stonks.
URG stands out with range that dates back to 2009. We swept the lows via SFP and immediately rallied.
IMO Flip $2.09 take out the 2011 high at $3.37 then price discovery.
He left out that wage growth vs asset prices was still very good pre-1999 with median houses @ only ~3-4x annual income nationally (not the 9-10x today, or 12-14x in Sydney/Melbourne). And cost-of-living increases were peanuts compared to wage gains
Single-income mortgages were realistic, building/regs were cheaper, no giant student debt drag, and full-time jobs were easier to land. That’s why we could buy that first home, have kids, then upgrade in 2013 with equity. Younger generations are grinding harder in a rigged market. Hard work matters but the economic tailwinds he had don’t exist anymore.
Boomers are some of the most delusional idiots on earth.
Ask yourself this 🇦🇺s
Why did GenX afford 2buy there first home b4 1999 without the first home buyer grant..
Have babies before 1996 - 2001 without baby bonus
And still be able to buy their second home in 2013 ????
BECAUSE WE worked HARD & didn’t have to compete v immigrants