Pagoda SL Group

Off Topic => Way Off Topic => Topic started by: 66andBlue on October 31, 2018, 04:54:47

Title: Kudos
Post by: 66andBlue on October 31, 2018, 04:54:47

Kudos to our members down under!  :)

Title: Re: Kudos
Post by: Garry on October 31, 2018, 05:24:39

It is almost scary how long the economy has been booming. With house prices a million or more on average and going up by 10% a year, something has to give but that is what i said ten years ago.


Garry

Title: Re: Kudos
Post by: mdsalemi on October 31, 2018, 18:53:04

Don't worry, all bubbles will burst.

Title: Re: Kudos
Post by: 66andBlue on November 02, 2018, 05:11:12

Michael,
sure they will burst eventually, but sometimes you have to be really patient to hear a pop.
If this goes on some bubbles could exceed a human lifetime!
Australia's housing bubble is going on for 55 years, with a whopping 6,556 % increase sine 1961:
https://www.smh.com.au/business/banking-and-finance/bis-says-australias-55year-house-price-upswing-the-longest-in-the-world-20171016-gz1kdc.html