Struggling with Rent? Buy a House!

Criminal. It’s criminal to exploit the housing market to such an extent. It causes household insecurity for the majority. Un-fathomable.

RobynC

Put the money into the share market? Fund EVs? Saying something so stupid can only be for the lulz.

Des Mosome

Don't worry, they'll ignore it and have some obnoxious boomer hosts on Skynews or whatever talk about how IT IS a good idea to buy a house, you're an investing genius if you do! Look at those gains! Anytime someone starts talking with 'Well...Actually...' ugh, disgusting weird pseudo-intellectual arrogance of pricks on the take. If you 'only' put 20% down and the house goes up 25% in value...you've more than DOUBLED the money you actually put down for your deposit! Think about it! Think McFly! Housing is a leveraged gamble with a mortgage! Borrowing money to bet harder and bigger...this is sound economic foundations for what is probably the single largest purchase of your life!? Take a $2 million dollar run down terrace house in the Inner West in Sydney...you somehow have $400,000 in cash in the bank to put down, plus various taxes, etc. to buy the house. Now you can't afford rent or save money and wages are crippled and falling fast through inflation over 10 years, but you probably have 400k on hand, right? Here! We'll let you dip into your super if that helps/hurts!? Then it goes up 25% to $2.5 million dollars in only 12 months! You just made $500k on your $400k downpayment! GENIUS, pat yourself on the back stooge! That the money is locked up and you'd lose a lot of that to taxes if you did sell....doesn't matter. Why not borrow against the house again to get that equity out! Be a 'smart' investor! This is just a form of bribery where, as FJ says...everyone already in the housing market is terrified of anyone changing any of the rules which could wipe away huge imaginary value amounts of money. It doesn't matter what actually happens, just what the SMH tell you about the Libs. Just own a big house in Cronulla and make $1 million dollars a year every year for 10 years in a row for doing jack shit! When the bubble bursts or whatever happens in some huge downturn at some point....that's when the Libs and Murdoch will allow Labor into office for a few years, then blame them for ALL the economics problems afterwards! It is both frustrating and highly effective to just lie to everyone!

Clean Gopher

"i love copying my big brother America" 💀

Keep em poor so they will remain obedient. LNP 101.

Jason Shepherd

Owning a house is overrated. Done it twice. Just not for me.

Megan Elphinstone

It also means you'll be desperate enough to take on any shitty work for crap pay.

Never felt so fucking seen. Thank you so much for making this video.

The point about obedience to interest rates makes so much sense.

Thomas Courtney

Truly this was his his Let Them Eat Cake moment

Fuck that's depressing.

Jai Ritter

can't wait to see an update on the prayer room vid!

BandBane