DFA Live Q&A HD Replay: The Housing Poker Game: With Leith van Onselen

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This is an edited version of a live discussion, with Leith van Onselen, Chief Economist at Nucleus Wealth, and co-founder of MacroBusiness.
In this show we discussed the recent developments in the housing market, and how economics is playing into the current broken system. Governments are not being transparent about their motives, or their continued intervention into the market.
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Caveat Emptor! Note: this is NOT financial or property advice!!

Опубликовано:

17 июн 2024

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Комментарии : 78

@JoyceNegrineyoga 17 дней назад

Thank you! Wish you would both go into politics and sort this mess out!

@tb8283 17 дней назад

We would prefer to look after our "trading partners" than our own residents. That's it in a nut shell. People are hoodwinked with a $250 cost of living bonus. Yet we are happy to pay $1m to rent a panda.

@Blake-sh3nf 16 дней назад

I'm trying to get my business degree studying son to listen to Leith, undiluted discussion of economics. Really good discussion. Thanks!

@alfalf25 17 дней назад

A great summation gentleman, keep putting the word out. The "Norway solution" would be an excellent platform for independents running for Political office. People will vote for candidates who can show them our potential $ gains.

@nicolle_2944 16 дней назад

Due to the vast numbers of new immigrants and students in Sydney's North West it is making it near impossible for locals to secure part time jobs. Positions I am applying for have well over 100 applicants, and one position had well over 300. This is being done to destroy locals economically and ultimately destroy Australia.

@williamcrossan9333 15 дней назад

Yeah, this hyper immigration is the very worst sort of fiscal lever the government can pull. Lifting housing costs and suppressing wages. What a horrible outcome for those starting out.

@Mark-dv5xw 16 дней назад

Brilliant, nails the underlying structural issues at play and the bitter fruits that will continue into the future. The Quality of advising policy also needs to raised. Otherwise a long slow march to failing living standards.

@williamcrossan9333 15 дней назад

Thanks for doing these vids Leith. It's important work.

@WalkTheWorldDFA 15 дней назад

Glad you like them!

@KoDeMondo 13 дней назад

@@WalkTheWorldDFAMartin are you serious with this guy? Someone who saying RBA has no fault for me it's out of question! NO WAY I CAN ACCEPT THAT!!! We really don't need this type of economist. At most he can only be good for picking potatoes.

@emilechantiri5909 17 дней назад

Cannot disagree with Leith. He shines a light on the dark

@KoDeMondo 13 дней назад

Oh jesus..

@davidburke1261 16 дней назад

My electricity bill has gone from $500 a quarter to $1000 in 2 years.

@williamcrossan9333 15 дней назад

Not anymore: Steven Miles has got your back!

@redsed1565 15 дней назад

thats what solar panels do!

@davidburke1261 15 дней назад

@@redsed1565 I can't put panels on the house I rent, because I can't afford to buy at these house prices

@couchsquad9227 16 дней назад

Leith for pm

@gerrry24 16 дней назад

this is very concerning for the future of this nation... what can individuals do to change this?

@redsed1565 15 дней назад

Pfffft....... they will never have a solution, EVER! Just luvvvv waffling on about it daily!

@williamcrossan9333 15 дней назад

39:30: Ruled by idiots? Nope. Kevin Rudd and his team were a smart bunch. They knew exactly what they were doing.

@williamcrossan9333 15 дней назад

1:07: Indeed Aussie housing is crazy! But it's set to rise so much more! Talk to any of the vast number of buyers agents! Before you are locked out forever!!!

@williamcrossan9333 15 дней назад

42:00: WA also collects money through wages, which flow through to the economy. Did you know, that as per the EBA, some Woodside offshore gas technicians, earn as much as $418,000 per year?

@williamcrossan9333 15 дней назад

I guess the thing I'm struggling to get my head around, is where the heck all this money is STILL coming from. Brisbane housing is up 16.1% for the year to May. There just seems to be a unlimited supply of credit worthy borrowers who can keep paying more and more. And investors seem to be cleaning up, yet I also don't get how there can be an unlimited supply good high quality tenants. Australia has some proper rough people! Brisbane is up 70% since 2018 and still charging.

@downtoearth1950 17 дней назад

Not one meaningful character assessment done means huge future societal issues

@ashleypicot8412 16 дней назад

Capture

@MrAnderson3 14 дней назад

Leith brings up Canada a lot because of the similarities in our economy and immigration policies but one thing Canada is also experiencing due to a massive immigration boom is the people coming in (mainly from India) are facing a lot of prejudice and racism towards them because so many have flooded the country that now they have priced out the Canadian people who are looking for homes and a job. You can see videos of literally 100s of people lining up for jobs just in hospitality, it's actually quite scary to see. Those lines honestly look like a picture from The Great Depression

@ajfaj4218 15 дней назад

Stupidity or corruption? How many politicians and bureaucrats have hidden behind the stupidity / oops ) "if we'd only realised at the time" excuse. Or the other one, "If it's a choice between conspiracy and stupidity, it's usually stupidity". As the career criminal might say, "Sorry Your Honour, I didn't know. I'm too stupid".

@redsed1565 15 дней назад

SO WHATS THE SOLUTION??????????????

@WalkTheWorldDFA 15 дней назад

Cut migration. Reserve gas for local use and tax the exporters, and invest in social housing big time.

@redsed1565 15 дней назад

@@WalkTheWorldDFA yes we all know that BUT how to make it happen?

@Luke-ld5sv 15 дней назад

I believe immigration numbers should put the people via a referendum. This would solve the issue, as what is happening is not in anyone's interest.

@stuartmckenzie9799 14 дней назад

“ Driven by idiots “ “ Ruled by morons “ Perfect slogans for a T-shirt There should be a Walk the World clothing range…

@moeuramo 16 дней назад

When you pay more And more For something and get less and less this is impoverishment.

@MS-ll9qb 12 дней назад

So sick of our incompetent Australian politicians. At what stage do we revolt?

@rogersyme1368 13 дней назад

interesting that ABC news promos keep popping up during this interview...trying to obfuscate the message LVO is putting out maybe?

@jg1091 17 дней назад

Invade the world, invite the world.

@Matt-pw7tg 11 дней назад

Great interview. Nothing annoys me more than 1. Immigration driving inflation and 2. Expensive energy also driving inflation. All so the politicians can pat themselves on the back and tell each other what a wonderful job they're doing. I 100% agree, we should have the cheapest energy / electricity prices in the world. To be robbed and have our kids / next generation robbed blindly is squarely on the politicians form both sides of the aisle.

@williamcrossan9333 15 дней назад

1:05:40: I guess the issue seems to be that Aussies are becoming insanely rich from all this, and can now afford to pay $200,000 for hotted up XB falcons and the like. No wonder Aussies don't care, excluding 1% who are still poor (aircraft maintenance engineers and a few others).

@someguy4260 16 дней назад

So why can't we change all of this?? This information should be distributed prior to each local/state or federal election because i suspect 99% of the population are clueless of this information and the direct impacts it has on them!!!

@jamesspry3294 15 дней назад

I love this bloke! But, after the rant/whinge/moan you have to give the solution

@brianwolthers2762 15 дней назад

Leith gave three main solutions. Drastically slow immigration, increase tax (a lot) on our resource extraction industries and mandate those same industries to supply local at close to cost.

@WalkTheWorldDFA 15 дней назад

We clearly laid out what needed to be done differently, towards the end of the show... Our point was, there IS a way to solve... if politicians chose to.

@kozziezeeable 13 дней назад

Leith ‘ya know’ van Onselen. Ya know?

@jetplane10 17 дней назад

Hello Martin and Leith 🫠

@roberthiggins8234 16 дней назад

Norway is ranked 20th in the world by wealth per capita. Australia is 5th

@brianwolthers2762 16 дней назад

Source?

@roberthiggins8234 16 дней назад

@@brianwolthers2762 en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult Wiki - median wealth 4th, mean wealth 6th. Norway is 10th median and 9th mean.

@roberthiggins8234 16 дней назад

@@brianwolthers2762 Mind you this is wealth per adult. Not quite sure if it would change much if it was wealth per person...not sure which one would makes more sense. However the point remains, Australia has made a heck of a lot of money by being the lucky country. Could we be even better off... probably. But we cant really complain.

@roberthiggins8234 16 дней назад

@@brianwolthers2762List_of_countries_by_wealth_per_adult

@roberthiggins8234 16 дней назад

@@brianwolthers2762 en.m.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult

@granthosking4699 16 дней назад

Another pundit that thinks the current issues we face are the result of only the last 1.5 years

@williamcrossan9333 15 дней назад

I reckon Albanese caused around 30 to 40% of the issues. And he's done it in only 2 years. Instead, he could have reduced some of the issues by 10% to 20% by taking a different path. Yes, it takes time, but Albanese went the wrong way, and still is going the wrong way.

@KoDeMondo 13 дней назад

LEITHO PLEASE LEAVE IT ALONE HAVE MERCY ON US, GO PICK POTATOES OR DO WHATEVER YOU WANT BUT STOP SAYING BS