Oddbean new post about login | logout $750,000 in stamp duty and and $650,000 a year in mortgage repayments for this place in Bellevue Hill. The #AUStriches Housing Ponzi will continue until morale improves https://i.nostr.build/lBEP.jpg nostr:note156yfcum3jutlqx32qjjjvp9spzx7m5re039we5s3c7ncpx5klflqk7y2ml
I just had a look at the listing… for that 11.6M you get something that is just “Liveable and tidy”… 🤣
Yeah it’s nuts, these are just money laundries at this point. There’s no connection to real markets, it’s just parking large amounts of cash in real assets so it can’t be confiscated/debased. I get why so many people are upset, there’s no future like this
It’s fucking bananas (looking from the outside)
Unless you’re a Boomer who bought for $50k in the 1970s and are now sitting on $2 million in equity, we are basically all on the outside. I occasionally stop by auctions just to watch and it’s nuts to see
I love seeing these house prices. My house only cost me $30K (what ever that means). 🤣🤣🤣
Are you living in a garbage bin? 😂
No, I do not live in California nor New York. 🤣 I live where housing is affordable, rather than bitch and moan about how unfair life is. 😛
Affordable housing, what’s that? We don’t have that anywhere in Aus any more. nostr:note1ema9wgkyls02qvahw8dy73uerjc0ulz9we6v4cmqtsr8h9ulmwrqxl07pl
