Why do young Sydney adults keep spending on useless items such as alcohol, eating out, cocaine etc. Answer - They haven't experienced a deep recession like in 1991 or interest rates of 18%.
I only hear those like Biden....taking the rack and what you stated......60% of Aussies are on 68000 or less..... It's very rare for majority to act like you say
How fantastic they have 18% value to their savings ...... My mother boomer on 50,000 In 1992 House Sylvania 100,000 Ease and grace Now Same job 70,000 Same house 2.5 million
She didn't have one friend that's spending their pay check week to week?? Wow. How out of touch. A majority of my 30 year old friends have ended long term relationships and are spending their money in a post-covid resurgence. I'm sure it has to do with the hopeless 'I'm never getting a home, so screw it.' mentality. This economy is encouraging a generation of kidults because of sheer hopelessness alone.
The spending hasn't stopped. I own a restaurant and we are breaking records month on month. The average age of our customers being 18 to around 35 year's old. I think Mark is correct with his statement that these people don't have debt ,and are just spending what they make.
Doesn’t Tom Panos recommend selling before Spring influx, if you are stressed and about to come off your fixed - get in early, Tom predicted an increase in properties on the market in the coming months and prices will drop
Limit the amount of houses people can own or increase the social security net for pensioners to make sure that if they are still renting they can live comfortably. People try to attain the goal of being mortage free so they can retire comfortably. This is becoming increasingly difficult on the east coast due to how high house prices are
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far
Ohhhh come on. A realtor. A realtor. What new information am I going to get from this video? Ok. Can she tell me how best to arrange a fruit tray? How about the best cookie recipe? A realtor with Chanel suit is the last thing we need.
They spend because they have given up on it. The rate of property price increase outstrips the amount they can save/wage growth so they just enjoy the little things like eating out and buying a coffee. Makes you wonder where the woolies workers in Eastern Sydney live. Where do these low income people live in the high value suburbs?
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
When all this doom & gloom form the headlines, it's usually the bottom. The stock market bottomed in Oct and the real estate market bottomed a few months ago. As always, the bystanders get left behind. Get ready for Sydney house prices to double in five years.
Save your money, get yourself a coffee machine and eat at home instead of going to cafes and restaurants ever day, get rid of the expensive car, cancel any expensive holidays, stop buying vapes and the latest phones or electronics and guess what you too can afford a property and live the dream But unfortunately you wont and you will just complain and spend like there is no tomorrow. Your life will be a nightmare!
Wow why didnt people think of that. Omg it's soo easy. Get 3 jobs Don't have a life maybe afford a house. Neoliberalism destroyed this country, my only hope is that we'll string the ones to blame
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
“Make sure you save your bickies up so you can buy my overly priced house” - every boomer ever… Boom! Drops mic and walks away from the Australian property market….
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
My 2 cents worth you can visit these area's and they are great tho the LEPPINGTON land is getting chopped up wastefully old planning zoning residential lots and bitumen paved roads we need to look to UK higher density = less building materials less roads and there could be opportunities for a WESTERN STYLE Newtown under the flight path and semi commercial and older commercial area's re zoned I grew up there second generation builder Croatian and seeing walls on a boundary 900mm apart = double the face brickwork is a waste things are silly and councils planning is to blame NOISE - PRIVACY look councils in the 70s and 80s where allowing more just look at the brick flats all over Sydney - BALCONIES looking into other BALCONIES next to houses main roads in Victorian - councils are more lenient on main roads routes let me add ALEXANDRIA CANAL - all industrial that is ripe for residential and parks on the CANAL and garden spaces like HOLLAND or UK
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
"You'll own nothing and you'll be happy"
It is a dream because you have to be asleep to see it.
💯
Why do young Sydney adults keep spending on useless items such as alcohol, eating out, cocaine etc.
Answer - They haven't experienced a deep recession like in 1991 or interest rates of 18%.
In correct.
Study human behaviour and government policies.
Answer them, mummy & daddy are living on perceived wealth in equity from the Ponzi Scheme
Answer - they don't
I only hear those like Biden....taking the rack and what you stated......60% of Aussies are on 68000 or less.....
It's very rare for majority to act like you say
How fantastic they have 18% value to their savings ......
My mother boomer on 50,000
In 1992
House Sylvania 100,000
Ease and grace
Now
Same job 70,000
Same house
2.5 million
She didn't have one friend that's spending their pay check week to week?? Wow. How out of touch. A majority of my 30 year old friends have ended long term relationships and are spending their money in a post-covid resurgence. I'm sure it has to do with the hopeless 'I'm never getting a home, so screw it.' mentality.
This economy is encouraging a generation of kidults because of sheer hopelessness alone.
People must understand that our money system is designed for money to be spent, not saved. How you spend it will determine your freedom
The spending hasn't stopped. I own a restaurant and we are breaking records month on month. The average age of our customers being 18 to around 35 year's old. I think Mark is correct with his statement that these people don't have debt ,and are just spending what they make.
Yes the cafes are bustling....... millennials and below spend as they will never earn enough for a home.....so they live for the NOW
As long as male agents continue to wear loafers with no socks & short ankle pants, the dream is dead
😂
Now IS a good time to sell. Before the cash rate is raised two or three more times.
@@These-times-are-awesome for those that can't afford to hold, they have no choice but to sell.
She was trying so hard not to say “rich” or “wealthy” when talking about certain areas .
It's been dead for the majority of us for 30yrs or more.
It’s because you don’t understand how things work.
@@MrFastFarmer of course it is. No one likes the truth
Thankyou for the truth
@@redgatecrt looking forward to your own channel, highlighting your expertise in the subject matter.
Doesn’t Tom Panos recommend selling before Spring influx, if you are stressed and about to come off your fixed - get in early, Tom predicted an increase in properties on the market in the coming months and prices will drop
2 months, 2 more 0.25 cash rate rises will help it along 👍
Tom Panos is in the business of SELLING... Hence why he thinks along those lines
Limit the amount of houses people can own or increase the social security net for pensioners to make sure that if they are still renting they can live comfortably. People try to attain the goal of being mortage free so they can retire comfortably. This is becoming increasingly difficult on the east coast due to how high house prices are
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far
Ohhhh come on. A realtor. A realtor. What new information am I going to get from this video? Ok. Can she tell me how best to arrange a fruit tray? How about the best cookie recipe? A realtor with Chanel suit is the last thing we need.
Sexist comment mate.
They spend because they have given up on it. The rate of property price increase outstrips the amount they can save/wage growth so they just enjoy the little things like eating out and buying a coffee. Makes you wonder where the woolies workers in Eastern Sydney live. Where do these low income people live in the high value suburbs?
Yes the cafes are bustling....... millennials and below spend as they will never earn enough for a home.....so they live for the NOW
i can only imagine why this lady was employed in this career.can you
Yes The Australia Dream has been dead long time ago like in the 2000.
Yes.....your honest
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
Nice video
If you earn 300,000 per year....you can live the dreammmmmmmmmmmmm
When one can only borrow around $500,000 based on the average income, it's becoming more unlikely...
When all this doom & gloom form the headlines, it's usually the bottom. The stock market bottomed in Oct and the real estate market bottomed a few months ago. As always, the bystanders get left behind. Get ready for Sydney house prices to double in five years.
@@These-times-are-awesome Melbourne has been second tier since COVID. Too many socialists down there I'm afraid
Save your money, get yourself a coffee machine and eat at home instead of going to cafes and restaurants ever day, get rid of the expensive car, cancel any expensive holidays, stop buying vapes and the latest phones or electronics and guess what you too can afford a property and live the dream But unfortunately you wont and you will just complain and spend like there is no tomorrow. Your life will be a nightmare!
And all the tinder hookups that didn't turn into a white wedding
Saving money is a losing game
Wow why didnt people think of that.
Omg it's soo easy.
Get 3 jobs
Don't have a life maybe afford a house.
Neoliberalism destroyed this country, my only hope is that we'll string the ones to blame
@@user-hf7rv8nh1j there’s a great saying
It’s not what you earn that will make you wealthy, it’s what you do with it that will determine your wealth
@@redgatecrt thats just bullshit lol
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
talk about the money laundering that is propping up property prices
Property culture has become a religion. Spend your money how you want. Live hard. Die broke.
“Make sure you save your bickies up so you can buy my overly priced house” - every boomer ever… Boom! Drops mic and walks away from the Australian property market….
@@Michealfarmerand your right it's is 18x over valued
Get out of Sydney I'm moving all my clients to Brisbane - Gold Coast its 50% cheaper than Sydney with a LUXE lifestyle
The Aussie dream is dead to single parents and one income families.
Financial institutions don't want the business.
it will be when if the yes vote gets up. rent rent rent
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
My 2 cents worth
you can visit these area's
and they are great
tho the LEPPINGTON land is getting chopped up wastefully old planning zoning residential lots and bitumen paved roads
we need to look to UK higher density = less building materials less roads
and there could be opportunities for a WESTERN STYLE Newtown under the flight path and semi commercial and older commercial area's re zoned
I grew up there second generation builder Croatian
and seeing walls on a boundary 900mm apart = double the face brickwork is a waste
things are silly and councils planning is to blame
NOISE - PRIVACY look councils in the 70s and 80s where allowing more
just look at the brick flats all over Sydney - BALCONIES looking into other BALCONIES next to houses
main roads in Victorian - councils are more lenient on main roads routes
let me add
ALEXANDRIA CANAL - all industrial that is ripe for residential and parks on the CANAL and garden spaces like HOLLAND or UK
Dollar worth GTFO of Shitney 😂
Nice video
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
Nice video