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LBRY Claims • the-fall-of-the-australian-housing

036f46ba29550c252ae5ccc81478641ded17da53

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@WAM
Created On
17 Jun 2020 19:58:18 UTC
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5c360c305af7bba53acd1aecaaa21749b7aec8340258de8eb2082ebe608175bf
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Free
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The FALL Of The Australian Housing Market! - Why The Bubble Is BURSTING
Josh Sigurdson talks with author and economic analyst John Sneisen about the inevitable fall of many Australian housing markets as predicted by WAM for years. It had to happen eventually and now we are seeing the effects of a completely centralized, manipulated market, propped up for far too long.
Prices are falling everywhere. After years of crazy speculation and people acting as though the markets were never going to stop gaining value, they've been falling constantly for quite some time now. Many think it's the bottom and it appears that this is wishful thinking.
In March alone, median prices in Sydney have fallen 0.8%, faster than Melbourne at 0.6% and Brisbane and Perth at 0.4%. While this all seems somewhat small, on a wider scale it is a huge loss for a market that appeared incredibly robust to those who had not studied history just a couple of years ago. Weekly clearance rates have also fallen significantly and John talks about how this all can be boiled down to currency printing and of course fake markets.
We've seen this everywhere over the years. We have a great metric at this point in history to judge these problems by. It's a never ending cycle that people seem to constantly fall for and others seem to try to take risks and benefit from.
Banks are bankrupt and people are in debt. Loans are being given on top of other loans to pay off... other loans! It's gotten to a point of no return and has no where to go but down.

With that said, there are multiple things individuals can do to break free from this serious problem. People have to understand money. If they understand money, they need to be financially responsible and independent from the system. People need to decentralize their lives and be self sustainable. Individuals have to stop collectively depending on this system built to push them into debt, making them easier to control.

We will continue to cover this story closely for our friends in Australia! Stay tuned for more from WAM!


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Video edited by Josh Sigurdson

Featuring:
John Sneisen
Josh Sigurdson


Graphics by Bryan Foerster and Josh Sigurdson


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