❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 50,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ Apple Podcasts/ Google 👉 consultingbypk.com.au/podcast/
Yes, though the Kamala Harris style approach would be more destructive. Socialism kills the parts of the economy that is driven by the desire to achieve more, like with an inventive business venture where hard work and dedication leads to a major success, vs the world where anyone that maoes no effort gets everything the other person does and there is no incentive to put in extra effort and kills productivuty. Then this Fantasy Equal for all system ends up sharing the result of a lower output between all parities. A very sad downward spiral.
🥃 Imagine your favourite whisky, but the distillery starts “watering it down”to make more bottles without using more whisky. You dont feel anything even after 10 glasses, except frequent urination. The only solution is to buy more bottles. That’s currency debasement and inflation! 💸
This is exactly what I thought after paying off my property in 2014 and I lost so many opportunities to put about $600k in the cash i collected and paid taxes on, thinking how can ppl afford a 1.5 mill mark on their homes, i was wrong.
Thanks PK, the fact you can mention the corporate elite new world order shows that you are well aware of all aspects of the current economic situation. Have so much gratitude for the advice you give and no one else comes close to the information you are providing 🙏🏼
Good job PK. It's a topic that is not widely understood. Things aren't getting more expensive, the currency is becoming less valuable. When you normalise the currency against assets like land and gold, the value of the things has stayed about the same, it just takes more of the "money" to buy it. I really like your explanation on why it doesn't matter that many people can't afford to buy a home, and why prices will still go up. There will be a tipping point, and I don't know what that will look like. It would require my tinfoil hat to start making predictions about how that future will look. But I can't see a situation where having hard assets will be bad, so keep going everyone. Truth - I want to see more data!
China or Japan is the tipping point example but we are still long from the crash that happened there! We are heading to a Chinese bubble as fast we can though without a learning anything.
I’m closing in on my retirement and I’d like to move from Collinsvale to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 6%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I was watching a recent Birchy vid (Nathan Birch), and he talked about 5 items on the checklist, that a property must meet. One interesting thing he mentioned (one of the items), was that the local population needed to have the capacity to double the prices. I.e. the locals would be currently buying at a 50% throttle setting. And that got me thinking, because I reckon in Brisbane, 90% of people couldn't afford the house they are living in now, if they had to start from scratch. The people that are buying now are buying at 100% throttle and then some! There's not much capacity for the locals to double the prices.
Property prices are rising the same as they always have, it’s just that wages have not kept up The multinationals profits is where it’s going, not sure how bad it will get, there will be a major revolt if it continues Great to hear the truth for a change Tapping into hard assets is the only way to stay afloat The cost of a cauliflower is what I used to earn in 1 hour in 1980
Revolt don't really matter, remember they forced the consent of most Australian to inject themselves with poison/ untested substances. France has a lot less buying power, Macron took the tanks out on the streets, everyone swallowing the theft orchestrated by Macron and its corrupt group or treators.
when a foreigner owns 10 properties in a country that many of the native population cant afford a home to live in, you start to realize how badly the property market has been managed by the government.
How about we return houses to being homes instead of investments. If someone is selling a house, first priority should go to a first homebuyer rather than an investor, as long as they’re offering the demanded price. Investors can buy if the property doesn’t get sold after 3 months on the market.
it doenst matter what they could do, the fact is they wont do it. Our savings become worth less each day and this was by design. Spend it or lose it to inflation they say.
@@AusPropertyMasteryWithPK what’s the local government rep going to do? This is a nationwide issue that’s only benefitting people who are wealthy and already in the market, these changes are never going to happen, because why would people in power change what’s benefitting them and the wealthy and high income earners. We wouldn’t need social housing if the private sector was moderated correctly, and hence homelessness in Australia.
@@AusPropertyMasteryWithPK you’re not wrong Pk, however I’m just a 23 year old who’s working to help pay off his parents mortgage cause they’re struggling and I have other responsibilities I have to deal with, and hence already have too much goin on in my life to do that. But the frustration is there as I’m concerned for myself and future generations.
We don't want corporations or foreigners pricing our Australians, buying homes and renting them back to Australians - we need to vote in a government that will limit foreign ownership and negative gearing to 1 property per person, force them to sell the rest and then this would solve our housing crisis!
Voting isn't the solution. Don't give away your input into politic by Voting. Democratic system works when constituent are active in all ways from council to government.
@@kparker1615 forced selling is unconstitutional and would never pass a referendum with over 50% of Australia now immigrants or second generation immigrants as per ABS
Ha ha ha what a joke , unemployment will rise to 9 or 10 % if you have net zero immigration .You can start paying to use a public hospital , pay for government schools and forget getting an aged pension . Net zero immigration in theory is great but Australia doesn't have anything except resources. Everything else is services related , it will all come crashing down .We have zero manufacturing and zero tech or IT .We need consumption to keep the economy going .
Appreciate you PK, loved listening to this one. Agree I think there eventually be some kind of social calamity as you called it. Also appreciated the meditative cricket that appeared to be humming along in the background audio 🤣
Thanks PK, great video as always. Question, if houses prices continue to grow on the back of demand from the upper classes and wage growth does not keep up, what does this do to yields? The lower and middle class who are not investing and cannot afford to buy are forced to rent. However if wages have not kept up, there is only so much they can pay before we reach a tipping point. On that basis, would yields drop significantly, making real estate a less attractive asset class to invest in.
Thank you for this video Pk! I love your realestate advice but this is an awesome dire to take with some of your new videos, your so right when you said there just isn’t enough people in Australia talking about it!
The government has to stop immigration to foreigners who are rich. Rich people don’t work and are pushing up house prices. Australia needs workers who work and create demand and build our country provided we can build accommodations to suit demand.
The rich foreigners are rich because they are the counter parties to our export trade. By bringing them into our country they are basically repatriating our currency.
Truth. Content like this from someone who understands investing and property so well, and has so much experience in the area, is so important and hepful. By the way, I didn't know that 7.5% pa figure... that's actually really helpful! This gives me something to aim for.
I think Australia had enough housing b before Covid. The problem began after Covid, immigration allowed grants overseas ppl to comeback Which was their plan to suffer Australian citizens. So they can bubble price properties and inflation. It’s a trap we are. Poorer more poorer coz we work for hours, richer get more richer coz they can invest and eat up small business to demolish. 2024 world is really suck ever I seen so far in Australia. There is no life in Australia. We can only work and pay bills. Live for day by day with no saving. What kind future can give to next generation?
Hi PK, Yes, truth, all the way. All my subscriptions are about : geopolitics, economy and PK of course 😂. I am always trying to find that bridge/ connection between future Australian property and what's happening around the world that can affect us here in Australia. Even Things like BRICS and dedollarisation. Trying to be ahead of what is to come. I loved this video.
It is call the time value of money. My take is that every 10 years the value of money is half. What property does is that it offset this with the appreciation of the property. When you sell a property after 10 years you hold the same value after removing the interest to the bank and CGT to the government.
Truth! Thanks PK. Also a kind request, if you can talk about how national and international policies, government can influence market in short/long term that will be icing on the cake 🙏🏼
Truth mate. If you want to know what asset prices will do, watch what central bankers are injecting as liquidity. Liquidity is everything in today's monetary system.
I've heard 2 minutes of this and finally it's becoming freely spoken about and people have had enough. This is going to be a brilliant podcast. Thanks PK
Thanks PK for speaking the TRUTH 🙌🏽 (which they try and label as “conspiracy” in the MSM to debunk the truth getting spoken). Love listening to Robert Kiyosaki as he isn’t frightened to speak the truth. Nice to have some in Australia 🇦🇺 doing the same thing. Keep being real and you ❤
House price will corelate to the infaltion and wages only if it is a close system. Artifical injection of money from outside is what is disrupting the equation. When the citizens are struggling, there are alot of people from outside Australia investors who are willing to pay any price. Hence the house price is not stablaised. Also, the bank will not allow the housing crisis to be over amd let this bubble burst as there is a lot of stake for them and this will make the bank collapse. It is a cyclic thing. See the level of profit posted by banks in these tough times.
People in Australia will always afford housing prices in Australia. They will find a means and simply borrow more money to buy a house. Both owner occupier and investors will keep housing prices going up. Property prices will never crash, the government and stakeholders will not let it happen. Just keep increasing immigration and reducing interest rates to near zero and it will be ok. 😀
I'm just here to point out how bad ABC Australia is. The way they'll use statistics would be hilarious if we weren't paying for it. Yesterday they gave the statistics for how dramatically house ownership has gone down for working Australians. That was the only statistic they gave. What are you suggesting ABC. Does that mean working families have been knocking down the houses they used to own?? It seems like we need more statistics to make sense of it. Like if we didn't destroy those houses, who bought those houses ABC? How many investment houses do politicians own?? Like if each person in the government has 3 or more investment properties shouldn't the ABC report that? Doing a quick google search, you'll find the politicians DO have multiple investment properties. So if you believe what the ABC says, that means you believe the people working in government are trying really really hard to reduce how much their personal investments are worth. I'd make this comment over on the ABC but the same people who SAY they believe in free speech, turn all the comments off not allowing any speech at all.... You know because they believe in free speech 😂😥
Truth - please PK. Only way we can protect ourselves and others is through curiosity and knowledge. Your doing great. Keep it up. Be brave to speak the TRUTH.
Must say having priced things in gold 20 years ago to now, they pretty much cost the same if gold is used as medium of exchange. Only in dollars they are more expensive. Even share market has lost 19% over 20 years in real terms (valued in gold). Looks good only in terms of dollars (nokinal terms).
PK I’ve listened to a few of your videos now and thought you were some guy trying to sell a course just like everyone else But you bringing light to how inflation is going to destroy the middle class living standards is what separates you from the rest hats off to you for talking more than just property The bubble will pop if they tax foreign investors which will cause oversupply A lot of foreign investors were happy to pay high because they received low interest rates from their home country I.e china was lending at 1%
IMO this was one of the best videos you have done. I appreciate the truth as it helps me make informed decisions. The last thing we need is more people providing the same government narrrative. Gaslighting is and saying that everything is just fine, go back to sleep. So thank you. I would love to see more info about how to navigate the real economic environment
My take is even if capital city house prices are $2-4m so no one can afford them if you haven't bought previously, it will be apartments that will stay 'reasonable'. This is increasingly what people will be living in and buying going forward like most European and asian countries. 2 bedroom apartments for $1m sounds about right and supply of apartments is easily added verus houses.
There are and have been many wealthy folk that have conspired. There have been other less wealthy people that have theorised that this was happening and they are called conspiracy theorists yet this does not mean they are wrong or crazy.
Isn't this what core capitalism is about? Take from the poor and give it to the rich. Not only from resource distribution within Australia perspective but also between core and periphery countries. I wonder how much more do we have to endure this system.
How can governments implement currency destruction when citizens are already upset about high prices? First, they need to silence you. Second, eliminate your options to run away from the currency. Thirdly, enforce the expropriation with the motto, “You may have nothing, but you will find happiness
Truth Appreciate PK's content, explains what I am already on the edge of understanding based on observation of the world around me in simple terms, typically backed with data. Think there may have been a technical issue though, as the lines he was drawing on the screen with his finger didn't seem to show up on the video 😜
Truth. The issue is inequality. it will reach a tipping point socially unless there is a policy change to tax capital / property. Easier said than done though
Zoning laws artificially constrain supply Get rid of tax breaks on houses over 300k. Depreciation interest exprnses Raise property taxes on expdnsive and vacant homes.
If they remove the negative gearing, the market will get lot os houses which will make the price lower as there is no much buyers, I can see this happening
Land is valuable if only population grows.. if consumers are not powerful and how the rich will sell their products or services.... debt is mounting so share market and real estate has to correct. If we see S&P 500 have a growth rate of 9 % for last 15 years beats inflaton.
Looks like there are many sudden geniuses with an opinion in the comments section This is all happening by design by the ones that own and control the financial system
PK, love your truth here. Would you say this perspective is what got you into property investment in the first place? Or is this a view that you have come to more recently?
Am I correct to assume that Tangeable assets like "Real Estate" are safer in both an Inflationary & in a Deflatioray Environment ? I hope you answer this or make a video on that. Love your work Mate 🙏
because they need to work to put food on the table, and if they are on the lucky side of the equation, invest what is left it. Until you are worth millions, which is most of us, we still got to grind.
Interesting but a little bit of a ramble and a few inaccuracies with your figures and timelines etc. (But we we got the gist what you meant!). I think you need to plan your stuff a bit more if you are going to take up half an hour of people's time. (Luckily I can speed it up!). Drawing with a finger and facing the wrong way on screen was not ideal. Even holding up a piece of paper would have been better. Otherwise grateful for a lot of your early content helping others notwithstanding the fact some of the material can be very repetitive and misleadingly titled for attention. But we all know you mean well and you are a good person.
❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES
💡 Private Facebook Group With Over 50,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty
💡 Top Ranked No "BS" Podcast On Spotify/ Apple Podcasts/ Google 👉 consultingbypk.com.au/podcast/
The main issue is equality. Rich are getting richer. Poor are getting poorer.
Yes, though the Kamala Harris style approach would be more destructive.
Socialism kills the parts of the economy that is driven by the desire to achieve more,
like with an inventive business venture
where hard work
and dedication
leads to a major success,
vs the world where anyone that maoes no effort
gets everything the other person does
and there is no incentive
to put in extra effort
and kills productivuty.
Then this Fantasy Equal for all system
ends up sharing the result of a lower output
between all parities.
A very sad downward spiral.
that is how the lefty country works
🥃 Imagine your favourite whisky, but the distillery starts “watering it down”to make more bottles without using more whisky. You dont feel anything even after 10 glasses, except frequent urination. The only solution is to buy more bottles. That’s currency debasement and inflation! 💸
This is exactly what I thought after paying off my property in 2014 and I lost so many opportunities to put about $600k in the cash i collected and paid taxes on, thinking how can ppl afford a 1.5 mill mark on their homes, i was wrong.
Thanks PK, the fact you can mention the corporate elite new world order shows that you are well aware of all aspects of the current economic situation. Have so much gratitude for the advice you give and no one else comes close to the information you are providing 🙏🏼
Good job PK. It's a topic that is not widely understood. Things aren't getting more expensive, the currency is becoming less valuable. When you normalise the currency against assets like land and gold, the value of the things has stayed about the same, it just takes more of the "money" to buy it.
I really like your explanation on why it doesn't matter that many people can't afford to buy a home, and why prices will still go up. There will be a tipping point, and I don't know what that will look like. It would require my tinfoil hat to start making predictions about how that future will look. But I can't see a situation where having hard assets will be bad, so keep going everyone.
Truth - I want to see more data!
Cultural revolution in China, you d get killed for owing properties.
If things crash you could hedge yourself shorting REIT etf?
@@ianthomson4427 truth
China or Japan is the tipping point example but we are still long from the crash that happened there! We are heading to a Chinese bubble as fast we can though without a learning anything.
I’m closing in on my retirement and I’d like to move from Collinsvale to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 6%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
The people need to hear the truth, whether they dislike it or support it. I like this path you will be going down.
I was watching a recent Birchy vid (Nathan Birch), and he talked about 5 items on the checklist, that a property must meet. One interesting thing he mentioned (one of the items), was that the local population needed to have the capacity to double the prices.
I.e. the locals would be currently buying at a 50% throttle setting.
And that got me thinking, because I reckon in Brisbane, 90% of people couldn't afford the house they are living in now, if they had to start from scratch.
The people that are buying now are buying at 100% throttle and then some!
There's not much capacity for the locals to double the prices.
Property prices are rising the same as they always have, it’s just that wages have not kept up
The multinationals profits is where it’s going, not sure how bad it will get, there will be a major revolt if it continues
Great to hear the truth for a change
Tapping into hard assets is the only way to stay afloat
The cost of a cauliflower is what I used to earn in 1 hour in 1980
Revolt don't really matter, remember they forced the consent of most Australian to inject themselves with poison/ untested substances.
France has a lot less buying power, Macron took the tanks out on the streets, everyone swallowing the theft orchestrated by Macron and its corrupt group or treators.
when a foreigner owns 10 properties in a country that many of the native population cant afford a home to live in, you start to realize how badly the property market has been managed by the government.
How about we return houses to being homes instead of investments. If someone is selling a house, first priority should go to a first homebuyer rather than an investor, as long as they’re offering the demanded price. Investors can buy if the property doesn’t get sold after 3 months on the market.
it doenst matter what they could do, the fact is they wont do it. Our savings become worth less each day and this was by design. Spend it or lose it to inflation they say.
@@Kirin2199 tell that to your local government representative
@@AusPropertyMasteryWithPK what’s the local government rep going to do? This is a nationwide issue that’s only benefitting people who are wealthy and already in the market, these changes are never going to happen, because why would people in power change what’s benefitting them and the wealthy and high income earners. We wouldn’t need social housing if the private sector was moderated correctly, and hence homelessness in Australia.
@@Kirin2199 then why are you complaining if “nothing is ever going to change”.
National politics starts at the local level.
@@AusPropertyMasteryWithPK you’re not wrong Pk, however I’m just a 23 year old who’s working to help pay off his parents mortgage cause they’re struggling and I have other responsibilities I have to deal with, and hence already have too much goin on in my life to do that. But the frustration is there as I’m concerned for myself and future generations.
Nobody will buy them. they will rent.
We don't want corporations or foreigners pricing our Australians, buying homes and renting them back to Australians - we need to vote in a government that will limit foreign ownership and negative gearing to 1 property per person, force them to sell the rest and then this would solve our housing crisis!
Voting isn't the solution. Don't give away your input into politic by Voting. Democratic system works when constituent are active in all ways from council to government.
But the banking tribe own out government now and so that wont happen. Thus why major defunction is being ignored by the main political parties.
@@kparker1615 forced selling is unconstitutional and would never pass a referendum with over 50% of Australia now immigrants or second generation immigrants as per ABS
No mate dropping immigration to net zero for a decade would solve our crises, not any amount of financial fiddling.
Ha ha ha what a joke , unemployment will rise to 9 or 10 % if you have net zero immigration .You can start paying to use a public hospital , pay for government schools and forget getting an aged pension . Net zero immigration in theory is great but Australia doesn't have anything except resources. Everything else is services related , it will all come crashing down .We have zero manufacturing and zero tech or IT .We need consumption to keep the economy going .
Appreciate you PK, loved listening to this one. Agree I think there eventually be some kind of social calamity as you called it. Also appreciated the meditative cricket that appeared to be humming along in the background audio 🤣
Thanks PK, great video as always. Question, if houses prices continue to grow on the back of demand from the upper classes and wage growth does not keep up, what does this do to yields? The lower and middle class who are not investing and cannot afford to buy are forced to rent. However if wages have not kept up, there is only so much they can pay before we reach a tipping point. On that basis, would yields drop significantly, making real estate a less attractive asset class to invest in.
Thank you for this video Pk! I love your realestate advice but this is an awesome dire to take with some of your new videos, your so right when you said there just isn’t enough people in Australia talking about it!
The government has to stop immigration to foreigners who are rich. Rich people don’t work and are pushing up house prices.
Australia needs workers who work and create demand and build our country provided we can build accommodations to suit demand.
The rich foreigners are rich because they are the counter parties to our export trade. By bringing them into our country they are basically repatriating our currency.
Truth. Well done and it's nice to hear about Australian geopolitics which is influencing all our finances.
Truth. Content like this from someone who understands investing and property so well, and has so much experience in the area, is so important and hepful.
By the way, I didn't know that 7.5% pa figure... that's actually really helpful! This gives me something to aim for.
Parasitic multiple property investers and 95% of the government has destroyed the great Australian dream.
Stop the cap, have some accountability
I think Australia had enough housing b before Covid. The problem began after Covid, immigration allowed grants overseas ppl to comeback
Which was their plan to suffer Australian citizens. So they can bubble price properties and inflation. It’s a trap we are.
Poorer more poorer coz we work for hours, richer get more richer coz they can invest and eat up small business to demolish.
2024 world is really suck ever I seen so far in Australia.
There is no life in Australia. We can only work and pay bills. Live for day by day with no saving.
What kind future can give to next generation?
Hi PK,
Yes, truth, all the way.
All my subscriptions are about : geopolitics, economy and PK of course 😂.
I am always trying to find that bridge/ connection between future Australian property and what's happening around the world that can affect us here in Australia. Even Things like BRICS and dedollarisation.
Trying to be ahead of what is to come.
I loved this video.
It is call the time value of money. My take is that every 10 years the value of money is half. What property does is that it offset this with the appreciation of the property. When you sell a property after 10 years you hold the same value after removing the interest to the bank and CGT to the government.
Truth! Thanks PK.
Also a kind request, if you can talk about how national and international policies, government can influence market in short/long term that will be icing on the cake 🙏🏼
Truth mate. If you want to know what asset prices will do, watch what central bankers are injecting as liquidity. Liquidity is everything in today's monetary system.
I've heard 2 minutes of this and finally it's becoming freely spoken about and people have had enough. This is going to be a brilliant podcast. Thanks PK
truth
so much respect for you PK. easily the most genuine person in this industry - sam smit
Thanks PK for speaking the TRUTH 🙌🏽 (which they try and label as “conspiracy” in the MSM to debunk the truth getting spoken). Love listening to Robert Kiyosaki as he isn’t frightened to speak the truth. Nice to have some in Australia 🇦🇺 doing the same thing. Keep being real and you ❤
House price will corelate to the infaltion and wages only if it is a close system. Artifical injection of money from outside is what is disrupting the equation. When the citizens are struggling, there are alot of people from outside Australia investors who are willing to pay any price. Hence the house price is not stablaised.
Also, the bank will not allow the housing crisis to be over amd let this bubble burst as there is a lot of stake for them and this will make the bank collapse.
It is a cyclic thing. See the level of profit posted by banks in these tough times.
When you are broke, you can only make payments by borrowing more money.
Truth!
Don't hold back PK
TRUTH. This has been your BEST upload in recent memory, PK! We would absolutely love more videos on this topic please! 🙏
People in Australia will always afford housing prices in Australia. They will find a means and simply borrow more money to buy a house. Both owner occupier and investors will keep housing prices going up. Property prices will never crash, the government and stakeholders will not let it happen. Just keep increasing immigration and reducing interest rates to near zero and it will be ok. 😀
true, it's not free market country rather strong controlled country, gov or stakeholders will do everything to prevent to loose the value
Amazing video 😊! Thank you.
One of the most trust worthy voices I listen to in property. I'd love to do your course at some point PK.
Thanks very informative
I'm just here to point out how bad ABC Australia is. The way they'll use statistics would be hilarious if we weren't paying for it. Yesterday they gave the statistics for how dramatically house ownership has gone down for working Australians. That was the only statistic they gave. What are you suggesting ABC. Does that mean working families have been knocking down the houses they used to own?? It seems like we need more statistics to make sense of it. Like if we didn't destroy those houses, who bought those houses ABC? How many investment houses do politicians own?? Like if each person in the government has 3 or more investment properties shouldn't the ABC report that? Doing a quick google search, you'll find the politicians DO have multiple investment properties. So if you believe what the ABC says, that means you believe the people working in government are trying really really hard to reduce how much their personal investments are worth. I'd make this comment over on the ABC but the same people who SAY they believe in free speech, turn all the comments off not allowing any speech at all.... You know because they believe in free speech 😂😥
We import smart immigrants only they will continue to buy while others watch 😂
Perfectly said. Your comment actually answers many other questions. Never tought that way.
Truth - please PK. Only way we can protect ourselves and others is through curiosity and knowledge. Your doing great. Keep it up. Be brave to speak the TRUTH.
Truth! Need to do more of these, at least once a month!
Must say having priced things in gold 20 years ago to now, they pretty much cost the same if gold is used as medium of exchange.
Only in dollars they are more expensive.
Even share market has lost 19% over 20 years in real terms (valued in gold). Looks good only in terms of dollars (nokinal terms).
PK I’ve listened to a few of your videos now and thought you were some guy trying to sell a course just like everyone else
But you bringing light to how inflation is going to destroy the middle class living standards is what separates you from the rest hats off to you for talking more than just property
The bubble will pop if they tax foreign investors which will cause oversupply
A lot of foreign investors were happy to pay high because they received low interest rates from their home country I.e china was lending at 1%
HA! even scared to talk. Rare can head-on the 'reality', not hide behind 'rabbit hole' & 'pollute'.😀
IMO this was one of the best videos you have done. I appreciate the truth as it helps me make informed decisions. The last thing we need is more people providing the same government narrrative. Gaslighting is and saying that everything is just fine, go back to sleep. So thank you. I would love to see more info about how to navigate the real economic environment
Truth! Bring on the next episode!
Love these types of videos! And all done with without using a expensive buyers agency 😂
My take is even if capital city house prices are $2-4m so no one can afford them if you haven't bought previously, it will be apartments that will stay 'reasonable'. This is increasingly what people will be living in and buying going forward like most European and asian countries.
2 bedroom apartments for $1m sounds about right and supply of apartments is easily added verus houses.
Love it when you chat about economics. I always regretted not taking that elective in high school. Always appreciate your insight PK 👍👍👍
Thanks for speaking the truth. We are playing a game of price illusion.
There are and have been many wealthy folk that have conspired.
There have been other less wealthy people that have theorised that this was happening
and they are called conspiracy theorists
yet this does not mean
they are wrong or crazy.
I had to pause the video and comment, i like your sentence when you said poor are price taker and rich are price maker, 1000% true statement.
Thank you PK, more truth please !!!
Excellent presentation by PK !!!
Albo and Dutton cronies would buy all the houses and properties in Australia
Yet a great video again mate!
Thanks for sharing and Yes please more of these TRUTH videos!
Hi PK. Really love your blatant honesty in telling the truth.
Land is scarce in Australia? What a farce.
@@draganawatkins4966 where people would prefer to live is scarce
There is one scarce and truth asset my friend; Bitcoin ;)
Isn't this what core capitalism is about? Take from the poor and give it to the rich. Not only from resource distribution within Australia perspective but also between core and periphery countries. I wonder how much more do we have to endure this system.
It is the best episode you have produced so far. Thanks for the truth.
How can governments implement currency destruction when citizens are already upset about high prices? First, they need to silence you. Second, eliminate your options to run away from the currency. Thirdly, enforce the expropriation with the motto, “You may have nothing, but you will find happiness
Truth
Appreciate PK's content, explains what I am already on the edge of understanding based on observation of the world around me in simple terms, typically backed with data.
Think there may have been a technical issue though, as the lines he was drawing on the screen with his finger didn't seem to show up on the video 😜
Great episode PK, looking forward a part 2 of this
Truth. The issue is inequality. it will reach a tipping point socially unless there is a policy change to tax capital / property. Easier said than done though
Excellent stuff PK. I'm new to your channel and will be following you closely from now on. Thanks mate and keep the truth coming!!
TRUTH
Love the information Pk
Keep up the good work 👍
There’s so much to learn from you 😀
Cheers
Zoning laws artificially constrain supply Get rid of tax breaks on houses over 300k. Depreciation interest exprnses Raise property taxes on expdnsive and vacant homes.
2015 real estate situation for investors in USA is good case study
TRUTH!!! have subscribed
Love it PK TRUTH all the way
100% Mate, on the money. Keep up the truth & good work 👍
If they remove the negative gearing, the market will get lot os houses which will make the price lower as there is no much buyers, I can see this happening
@@gilsondia over 50% of investors don’t negatively gear
Truth❤❤
Now price you gains against gold you have lost money
Such a great episode! *TRUTH* More of this content please @Pk
Land is valuable if only population grows.. if consumers are not powerful and how the rich will sell their products or services.... debt is mounting so share market and real estate has to correct. If we see S&P 500 have a growth rate of 9 % for last 15 years beats inflaton.
Good job please add more real life examples ❤
Looks like there are many sudden geniuses with an opinion in the comments section
This is all happening by design by the ones that own and control the financial system
Every comment is an opinion including yours
Truth
PK, love your truth here. Would you say this perspective is what got you into property investment in the first place? Or is this a view that you have come to more recently?
Am I correct to assume
that Tangeable assets
like "Real Estate"
are safer in both an Inflationary
& in a Deflatioray Environment ?
I hope you answer this
or make a video on that.
Love your work Mate 🙏
We're in a 37 TRILLION banking everything bubble.
Will see about houses only ever going up as soon as the U.S. Election results are in November .
The more we speak the truth the better.
This comes across as a bit callous, but it's the truth.
Thanks pk you look stressed or recovering from being sick ? hope you are ok. 🙏
It maybe the new thing from tictoc.
@@jamesm6341 yes I’ve been a bit sick. Thanks 🙏🏼
Well, if wages aren't keeping up, and the only way you can keep up is by investing, why would anyone work to produce anything?
because they need to work to put food on the table, and if they are on the lucky side of the equation, invest what is left it. Until you are worth millions, which is most of us, we still got to grind.
This is literally the thesis for Bitcoin.
Truth and we can best navigate life
TRUTH please, we need it
Interesting but a little bit of a ramble and a few inaccuracies with your figures and timelines etc. (But we we got the gist what you meant!). I think you need to plan your stuff a bit more if you are going to take up half an hour of people's time. (Luckily I can speed it up!). Drawing with a finger and facing the wrong way on screen was not ideal. Even holding up a piece of paper would have been better. Otherwise grateful for a lot of your early content helping others notwithstanding the fact some of the material can be very repetitive and misleadingly titled for attention. But we all know you mean well and you are a good person.
Keep the truth coming
Truth please, always good to know and beware of the truth.
TRUTH!
Truth truth truth 👏 💯
TRUTH
TRUTH!!!
😂hedge fund company will buy them ,like black stone, dutton already said he wont stop foreign investors
Truth!
The same people that have already been buying them??