The next generation will never buy a home in Australia.
The only country a house is no longer a home but a way to avoid paying tax.
The current generation must save $160 a day to only keep up with prices. (1,150per week)
Saving is now pointless.
Lots of 2008 content going viral in media, likely large level FUD. Interesting to see what prices look like in 2 years. If this is all just a way to make retail panic sell.
Currently buying instead.
If you want to buy the average house in 6 years and you start saving now:
You need to earn $210,000 before tax and expenses for 36 years.
Next generation will not own homes, they will inherit.
You’re witnessing the wealth gap in Australia.
Working is no longer a viable option.
Average house increased $161 a day in value.
You need to earn $112k per year before expenses and tax, to keep up.
Earned $112k and didn’t buy assets:
Just wasted 10 years of your life.
Buy assets
Ignore price for 5yrs
Get your time back
Earning $100,000 a year is the new broke 😂
That’s: $76,000 after tax
$45,000 after expenses.
Like what can we afford? Certainly not a house, certainly not land, certainly not a bitcoin.
Chat are we cooked? Fiat is actually useless.
Price of a house:
1985: $73,000
1995: $196,000
2005: $500,000
2015: $910,000
2025: $1,500,000
You were once able to buy a house on 4 years salary, now it’s 25.
One day my kids will say “You could have bought 1 BTC with a years salary when you were growing up?”
@JeanJean20929 My suspicions was that mexc acts as its own market maker, if you are winning too much. They freeze your account and add your money to their books
@MEXC_CST@cecilia_hsueh Got nothing to do with liquidations, my account was frozen for “risk review” then you prevent me from logging in and pillaged it by removing funds.
No user should trust your exchange
Mexc STOLE $32,000
They halted my account for 30 days after hitting 300% profit trading. After 30 days CS said my account will be locked for 365 days. They cannot provide a reason why.
Now they won’t let me log in.
#MEXC is stealing user funds
#riskassesment
@Oghene184@cecilia_hsueh I’ve been fighting this for 6 months, I get stonewalled, copy and paste reply’s. No evidence or transaction case studies. Just blatant bullying and pillaging because confiscating funds is beneficial to them. Frankly if you still keep your funds on this exchange you’re a moron
MEXC have let me down
For 6 months I’ve been stonewalled by them. They’ve even erased the balance of one of my accounts.
UID: 91881781
Sadly they can do whatever they want to the little guys.
@cecilia_hsueh
@MEXC_Official
@DerrickYeo61993
“Abnormal profits”
#mexc
Mexc STOLE $32,000
They halted my account for 30 days after hitting 300% profit trading. After 30 days CS said my account will be locked for 365 days. They cannot provide a reason why.
Now they won’t let me log in.
#MEXC is stealing user funds
#riskassesment
🚨MEXC Bankruptcy:
It all began when a prominent YT influencer had his MEXC account worth $3M frozen, as the exchange claimed he made 2 orders in 1 second... proving he was not trading manually and they claimed they could now take all the funds.
The influencer went on a crusade and was lucky enough to gain the attention of ZackXBT who helped prove innocence and MEXC was forced to return the funds after several months.
However, the damage was done and eyes were now on MEXC...
Those eyes included analyst J.A. Maartun who uncovered evidence of an impending MEXC Bankruptcy.
What has followed is a bank run on MEXC as withdrawals have significantly increased and many users are starting to report delays.
Many are suggesting you run and remove any funds on #MEXC immediately as evidence indicates the Bankruptcy is inevitable.