Apparently we are heading for a recession?
Correct me if I am wrong? but we are not heading for a recession or 40% medium house price drop. I always like to talk to new people and go about life with the motto that I can learn at least one think from everyone I meet.
I was very happy to see a work colleague on a real estate website over lunch. I unwittingly approached said colleague and within 5 mins I was cursing myself for never finishing the time travel machine I always wanted to build at Uni. I would hop in and slap myself before even starting the conversation with the gentleman.
Apparently the world economy is stalling, China is crashing and Australia is already (unbeknownst to the people running the country, people much smarted than me ? yes we could argue the point!!) in a subprime mortgage crisis. Defaulting on mortgage loans has gone up and aliens are about to attack. Ok I made the last one up.. he did not actually say that.
So waiting for the 40% drop in house pricing is apparently what we are waiting for these days before we get in and buy that first PPOR. No effort from me could help change his mind (I tried for about 2 minutes)?. Or end the conversation.
I can see the point that sometimes caution is possibly the best way forward. We already had various warnings from the RBA that we should not be banking on future capital growth in property as seen over the last few years. But seriously?.
And now I find myself forever marked as the go-2-guy at the office coffee machine to talk doom and gloom with?. Someone shoot me.
Correct me if I am wrong? but we are not heading for a recession or 40% medium house price drop. I always like to talk to new people and go about life with the motto that I can learn at least one think from everyone I meet.
I was very happy to see a work colleague on a real estate website over lunch. I unwittingly approached said colleague and within 5 mins I was cursing myself for never finishing the time travel machine I always wanted to build at Uni. I would hop in and slap myself before even starting the conversation with the gentleman.
Apparently the world economy is stalling, China is crashing and Australia is already (unbeknownst to the people running the country, people much smarted than me ? yes we could argue the point!!) in a subprime mortgage crisis. Defaulting on mortgage loans has gone up and aliens are about to attack. Ok I made the last one up.. he did not actually say that.
So waiting for the 40% drop in house pricing is apparently what we are waiting for these days before we get in and buy that first PPOR. No effort from me could help change his mind (I tried for about 2 minutes)?. Or end the conversation.
I can see the point that sometimes caution is possibly the best way forward. We already had various warnings from the RBA that we should not be banking on future capital growth in property as seen over the last few years. But seriously?.
And now I find myself forever marked as the go-2-guy at the office coffee machine to talk doom and gloom with?. Someone shoot me.