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@bowtiedstocks The Olympic infrastructure development likely leads to less nominal value drops for specific neighbourhoods of brisbane.

But yea not looking great overall.

40 years of growth has bred massive entitlement and complacency.

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@jvb_xyz Ty for the fade.

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@TaxPawspective The have a gov debt problem like most western nations. That needs to be resolved. We all eat the medicine now, or it gets worse later.

The mostly boomer policy since 2012 fucked us on this. They fed china their future generations lunch for a cheap plasma TV. Now the bill is due

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@BWJacksonX Its because is cheaper. That's it.

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@Fair_and_Biased It funds local schools, police, fire departments, etc.

For something that's a few thousand a year, why dont they want to pay it?

Considering it goes directly to fund their local community.

Or does the social contract for their community not interest these people?

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@NickPlaysCrypto We've probs reset multiple times. There's been ~2 near level extinction events for homosapiens and probs a few civilisation resets.

Combine that with new tech not being desired during periods when human labour was cheap e.g the steam tech Aeolipile when slaves were plentiful.

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@Dittloff4Sense Stupid policy has created a cigarettes, gambling and growing alcohol funded organised crime to flourish here.

What has funded these groups to get to this level? That's where you hit.

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@TXMCtrades AI is the Ouroboros of software eating its own tail.

Value destruction of this cycle's leaders before next macro cycle runs with new winners.

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@9mmballpoint I spent half a night shift on a mine site building a make shift sling shot and hunting cane toads with my co-worker.

One of my fav work memories.

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@SpeculatorArt I live in a australian tier 2 city and bought groceries for a week for 3 people for 100$ aud.

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@initjean A16Z is a large shareholder in anthropic. People talk up their bags.

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@LouisPunished Big part of the reason is that post 2008. More and more jobs were offshored e.g to china etc

Leading to durable goods inflation and services inflation staying flat. All the while gov debt and money printing inflated assets prices to infinity

Post covid other inflation caught up

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@greenytrades My haircut in 2022 cost 35$, same barber now charges me 66$.

Most of Brisbane is like this now.

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@samstrades Long term would be a good thing to unwind this ponzi. Its very unproductive and the dream of saving up to landlord your way to financial freedom is a sad dream for the Aussie public.

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@IterIntellectus Sikh's can carry this blade publicly. The key difference though, is that it has to be welded shut.

This has been figured out culturally and legally in a lot of other places.

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@kashyap286 The ai bubble - is a datacentre comerical real estate bubble.

Thats been the trade all along.

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@DrewPavlou The core problem with Australia is that the Australian dream is to be/move here, buy property and become a landlord.

Its all about offering low value and extracting rents from everyone else to enrich yourself.

There needs to be a better Australian dream.

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@justbeans4 The ideology needs to be killed in the country wants to be a superpower.

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@Jebus Until they start rolling out th kill bots there's still a chance. After that, rip.

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@TXMCtrades @AC360 He's been a tv scientist for a long time. Thats all.