Just like I predicted a few months ago.
The mother of all recessions is finally taking a second bite - and there is little you can do about it, unless you act quickly.
Sell your house, sell your family sell your children and buy physical silver.
That's my tip - you can thank Adolpy later.
Will be plenty of work in Greece as police , firemen , street cleaners and anti looting squads .
May not pay very well though!!!!!
In the flick of an eyelid, my dreams have evaporated.
How am I going to pay for all those Voice chairs that I bought in China? That f'ck off Massaratti that I saw on carsales.com.au for $40K is looking more and more like a distant dream.
I don't think I can cope driving a Nissan Stanza at 50. I may even have to pull my kids out of private schools!
I thought we were in a mining BOOM!
Just reading about the massive 32billion share slide/ selloff in the share gambling industry, for every seller a buyer looms to pounce, so is the reporting biased should it not be a massive buying spree by gambler/ investors. So is the cup half empty of half full, negativity and paranoia sells newspapers
Housing industry not being encouraged to promote any new incentives to build, and industry cant build that fast, no matter how good they are. Don't believe you are on the same page with that prediction. 
Unrelated to the current slide, I asked my portfolio manager to liquidate my shares last week to put my family in a house surrounded by garden, but he said it'll take a week or two to happen.... How much will I lose? I should have just put my coin in the bank. Or silver. Or platinum.
Watched real estate programme selling houses Australia last night. A inner well to do suburb of Sydney has went down 43 percent from it's peak.
Las Vegas is down around 70 percent.
Going to be a lot of empty property,with owners just walking away. Better to go bankrupt than pay huge interest on a house that's worth a fraction of what you took the loan for.
uncensored has been calling this with timeline accuracy for years, but hey its all conspiracy right..?
If property values plummet I will be stoked.
People can't afford a house due to baby boomer greed and Govt policy helping them, plus mining boom, turning one of life's 3 essentials (shelter) into a money spinner.
An average house in Perth peaked at $500K not long ago, even a 3x1 in poor condition in a really sh!t suburb was $300K
That can't be sustained.
Those who complain the loudest are the ones in WA who bought at $250K and when their house was suddenly worth $500K a couple of years later they borrowed against it to buy 2 new 4WD's, a boat, and $40K of home entertainment gear to keep up with the Joneses. If they suddenly can't afford to keep it all - tough bikkies.
I remember the people boasting about how there property had just gained $40.000 in value now are selling at a complete loss.
Spare bedrooms in Gladstone are worth $200 to $300 per week.
If you have three of them it is a nice little earn for not much effort.
What?? You don't think real estate is a good investment???
Sure. Watch the ABC news regularly and you'll know Alan Kohler has been talking about this for a long time.
Sure. Watch the ABC news regularly and you'll know Alan Kohler has been talking about this for a long time.
Damn - I'll have to sell my white arse to the rich old girls in Toorak , Peppy Grove , The Rocks & Robina a bit earlier than I envisioned
Can see property prices continuing to drop in value by at least another 50 percent soon.
If the ptb create a deflationary GFC, then it's going to be more severe than an inflationary GFC.
Being a million dollars in debt in an inflationary GFC is actually not that bad. In a deflationary GFC, contracting of the money supply, money is much harder to come by, so paying back the mortgage would become near impossible.
Cash is king in a deflationary period.
And absolutely no debt.
As for silver/gold, have come to the conclusion the markets are rigged [plunge protection team],so while i believe the real value of silver is greater than $30 an ounce,believe they are going to pop this too.
