Hard not to escape the conclusion the government subsidising home deposits is outrageous and blatant economic vandalism against young people disguised as populist junk food garbage.

Maria is exit liquidity for a property developer and she’ll end up paying a mortgage for longer while saddling herself and others with higher taxes for longer. Don’t kill the houseplant Maria 🪴

Pingu Capital no. rates don't matter

Trumpian is when you think inflating prices even further so sellers can cash out at the top without risking losing a single dollar, making FHBs taking on life-crushing debt for a roof over their heads, is bad. I advise the PM

In October 2008, during the GFC, the Rudd government tripled the First Home Buyers Grant to $21k, which Rudd announced was to make housing "affordable". But in the book Sh*tstorm, Lenore Taylor and David Uren revealed the government panicked at house prices falling so they took

Biko Konstantinos Douglas Orr, CFA House prices and the cost of living is weakening our economy for anything other than builders, tradies etc. The discretionary sector is eroding. Tough times for small businesses. The govt should be incentivising productivity - not obscene house price perpetuation.

Something has gone terribly wrong when Australian universities are allowed to become so heavily reliant on overseas students.

Australia has sacrificed everything on the altar of property The family unit, wealth, society, culture, the economy, the environment.. permanently altering what Australia is. The wreck from when the bubble pops will be felt for generations.

How does Kathryn Campbell still have her AO after her #Robodebt criminality?

School teacher, Ambo, Firey, nurse? You poors Serving our society need to educate yourself better & get a higher paying job. Dr Dickhead here showing here what arseholes the property speculator class really are.

Jane Streets billionaire owner rents. Smart money doesn’t own real state.

Dr D Frank Knoaf Pingu Capital Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 Also Housing is for living The fact you bring up an investor argument says it all. This country has completely fucked the joint by prioritising investors over lived in owners

Been an OK-ish year so far. Hopefully won’t blow up these last 3 months.

Reading stuff like this makes me feel ashamed.

Housing charlatans hate being called out. Fellman doesn’t realise the right way is to compare real price appreciation (excluding imputed rent) so you can understand how housing’s capital value changes, & total nominal returns for other asset classes, because that’s how they are

Pingu Capital Yeah agree 100%. The knock on effects are immense, including societal, quality of life and capital allocation. However the Australian mind can not comprehend this; leading to the current ridiculous discourse. It seems very few are even able to converse on the topic normally.

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Matthew L Pingu Capital $25,000 a year in strata levies to live in a house $12.3m flat with a bathroom that looks like something you'd find in Penrith town house. Auction guide resale $9.5m. You'd have to have rocks in your head to be exit liquidity for this trade.

The Barefoot Invester weighs in on Labor’s 5% deposit ‘solution’:

Of all the economic indicators of australia collapsing, this by far has to be the worst