Bail ins. Look at the prep- including the capital requirements by apra- literally foreshadowing a bail in for all the big banks.
Westpac is fucking toast.
I'll ask my old mate, one of the top few in the company, what the go is.
Australias Property Bubble Bursting
Michael Gray
Joseph Miller
Hahahahah holy fuck my dad has 15k options went to perth to see how his father lived as an italian immigrant & a bloke said sentiment was good in the company.
Isaac Lopez
Josiah Long
>This home on Heber St, Hurstville sold in August for $74,000 less than the price the owners paid in 2014.Source:Supplied
>This home on Thorn St in Ryde sold for $1.228 million in August, but it had previously sold for $1.25 million three months earlier.
>A unit inside this building on Canterbury Rd, Canterbury sold in August for $73,000 less than the 2017 purchase price
>This Beronga Ave home in Hurstville sold in September for $100,000 below the 2015 price.
struth
Benjamin Ortiz
>shortland waters deal
Whoever's running that golf club is fucking retarded. Well jewed, Aveo.
Angel Johnson
People say boomers are fucked but honestly there's a bunch of our retarded generation who are just as stupid..
Borrow mum and dad's money to buy the house, just make repayments and save up to go on holidays in their first 12 no the of being a home owner....
Think they're living the high life but are living beyond their means and deserve to get fucked by the long dick of the crash
Ryan Ramirez
could you clarify to non-aussie whats the adequate price for this land?
Cooper Smith
>all the kids who put their parents home up as security on a property that they'll have to sell but they'll be in negative equity and now the bank wants their parents house to cover the difference and they'll have to sell and you have 2 parents + 1 child now homeless buying a place with the leftovers from the proceeds of mum and dads place
Logan Rogers
EQUITY MAAAAAAAATE
Gavin Gomez
it's a sad situation would you autists really laugh whent that happens? yeah fuck the boomers etc. but seeing that despair, would you actually react like in the pic?
My grandmom sister family been fucked by the bank loans too. Her husband had an design and build contractor firm in booming 2005-2007. Those years were also teenage period of their children. They were acting rich - buying new cars, bought some land and built two big houses. After they lost their business in 2008, reality of repaying loans had hit them hard and they had to sell all their cars and one of the houses to repay the loans. This wasn't enough though and they borrowed some money from my family which they are yet to return 10 years later. Their children continued to live in the bubble taking high interest loans, trying to set up their businesses and going on holidays. Now they are asking money to repay those loans. Now looking at boomers getting justed looks sweet on paper, if you have them in your family, they may start chasing you which could put a permanent negative strain to your relationships.