Laughing Or Weeping, We’re Back: With Tarric Brooker! 

The kids and society is we're the damage is occurring. Grey haired first time parents and kids with no backyards to play. The country has gone backwards in terms of society and community.

Great show Martin and Tarric.

What would happen if only Australian citizens were able to hold title to Australian land? Why should non-citizens be able to hold title to land?

I’m so excited to watch this episode

It makes me laugh when people think the RBA acts independently. It doesn’t.

Who would have thought this time.last year the government could make a monumentally terrible situation worse. Yet here we are. Monumental failure

Its not even a high rate!

Why is no one talking about removing negative gearing, stop foreign ownership!

Business wants more people in Australia because that allows business to pay less for labour and sell more products. Government wants more people in Australia because it results in higher tax revenues.

Another very interesting discussion guys, thank you. It's just a breath of fresh air listening to an honest discussion about the reality of issues that are frequently ignored or wrongfully portrayed, by main stream media.

my dad raised 10 kids on 40 hours a week with mum at home looking after Babies . Than my generation needed two incomes , averaging 60 hours a week , Me 40 misses 20 . Next generation 80 hours a week Needed . Now its 120 Hours with Both working 60 hours a week ! So That's Called Progress ! God Bless Australia .

The economy is there to make the rich and powerful even richer and more powerful. Nothing else matters. Didn't you know?

Great to hear Martin raise the issue of the mounting social consequences of the economy we are living in. To quote the English satirist Jonathon Pie, we live in an economy, not a society. That has consequences the economists will not like.

I Know a Indian Gentleman who returned to India because it was too expensive in Australia , No disposable income . Better off in India !

My parents save the same thing about Australia, we came in the early 90's. Australian people were very kind and friendly, they would regularly offer help. Now they say people are just rude and don't want anything to do with you. They say this is not the same Australia they came to. Other people in their age say the same thing.

I don't think anything will break in the financial system. More likely the living standards of marginalized Aussies will break.

Well done, great informative show

Great points at the end about GDP and "number go up", in my country Norway we often come out on top of "happiness indexes", the way many of these indexes are made is by dividing the GDP by capita and saying "see here! people have a lot of money, this means they are happy!". Simplified but I think many will recognize what I mean

Welcome back!

Gentlemen, Another interesting discussion. Well done.

50:00: well, at the moment the working class are working harder to get poorer! Aussies are really pushing hard, working long hours, educating themselves, and the result is the elite are getting rich! There are many who are doing very well indeed right now. While that keeps working, the government wont care how many are sleeping in tents (as long as they're out of sight).

It all feels a bit 2007 to me.

Excellent thank you compulsory listening

Cheers fella's - good work as always ❤

excellent show fella's ..... do you think the politicians now will just let go of this power?....mmm? i think things will have to get real...real .. bad before anything changes...

AUD$ is down to .63 US$... forcast to go to .59 next year... Also has dropped to .60 Euro... Inflation starting to be imported... Could get far worse very quickly... Aussie-Titanic has set sail with the South-Pacific Peso-Dolares...

I want to touch on the Hitch-hikers Guide mention. So, in the story, the planet Gilgafrincham had all these doom day prophecies. Out of fear of end of days, they decide to leave their planet and populate a new one. They build 3 Arch Space Ships. The first will carry all Leaders, Scientists, and other high achievers, the third will carry all the people who make things and do things. The second will transport everyone else. The Gilgafrinchams decided to send the second ship first. The two-thirds of the population that remained found they now lived full, rich, happy lives - that is - until they were whipped out by a disease stemming from a dirty phone. A disease that would have been prevented if the useless population had stayed. The twist is, the 'useless' third of the Gilgafrincham population are set to land of prehistoric earth and are what we are all decended from. The point is even useless people are useful - you just don't always see how. And when it comes down to it, we are all a bit useless.

Materials/energy inflation are not going away.

If you dont sell your properties and realise the capital gains now, all are paper money and your housing price can go down in the future considering current uncertain global economy environment.

18:00: I think Chris Bates mentioned in a recent podcast (might have been this channel), the time people spend in a home has gone from 7 years to 14 years (approx). Basically the high prices mean people are transacting less.

I See it like this . if i buy a house for $100,000 than i will pay it off and have money to spend after . Or i can buy a House for $1,000,000 , and have no money to spend for Most of my Life ! Does that make sense ?

They cant sell unless they can find somewhere to rent, musical chairs without any chairs

You will own nothing and you will be happy

What about all the nurses we have out there that are ready to work that wont take the jab.. Yes, it is still happening..

@WalkThewWorldDFA It would be good to see how much of the population is taking the shared equity scheme. I think that is another factor that is propping up the market.

40:29 has anyone got employment data based on NDIS, seems like every man and his dog has got a job recently w ndis

Everything expensive in Sydney. I went to Chatswood this morning and even the stuffs selling in Salvos stores are expensive. What a crazy place to live 😅

Great discussion. Australia used to be a ‘lucky country’ and has such huge unrealised potential. But we have been Africanised’ by the corporates who control 90 percent 1:11:36 of politicians who are wittingly self-serving, otherwise ignorant of any thoughts past the next election. Sad, really. Physical economics of literally building the country to sustain growing population would be good starting point

but even in regional Australia, the friendliness is only a thin veneer. Beyond saying a "hello" in the street, that's as far as it goes. They don't want to know you beyond that

Land in Ipswich Queensland has gone up 90 %

No homes are selling in Victoria. Its become stagnant!

The HEM lifestyle will also lead to a significant reduction in discretionary spending and probable recession.

We are real estate agents of 40 years in Darwin and there are a number of very young FIFO workers in their early 20's who have already invested in real estate with a massive deposit (cash positive) And then bought a second and third property. These are the smart young people who are taking control of their future prosperity and will do incredibly well in the future. They see the benefit of paying off debt as soon as you can. It's the massive block of borrowers who locked into to interest only (aided by complicit banks - disgraceful BTW) in the 90's and onwards. We are shocked by the number of our clients who are now in their 60's and have been on interest only for 25 - 30 years and now have been asked to pay principal too! Cant be done! And some have bought unwisely and are underwater on other investments they have made in the upside on the assumed value of their asset. There is a massive rest going to happen. And it's all been created by credit which should never have been issued.

I’m still trying to find some land SEVERAL hours from the beach 🏖️

Interest rates will go up before any cuts as the norm is 5percent. They go up to 6 percent to come back down to 5 percent .

“It’s dangerous to be Americas enemy, its fatal to be its ally” Henry Kissenger

Underestimate Martin, inflation and interest rates could sandpaper the people for a decade or more. Global energy and commodities supply are and have been in decline since 2018.

So people are now living in those 1.2 million units that were once vacant not long ago?

Slow property turn over is because of government charges and regulations, stamp duty and capital gains tax. All huge disincentives Simples

If there is ever a time for major reform to Australia's tax regimen this is it. Gentle reform hasn't achieved anything yet but incomes are going backwards while cost of living is inflating.

Thank goodness for immigration. We'd be in a deep deep recession by now as many economists have mentioned but for it happening. We have our jobs still because of this.

Can you guys please do a report on the TFF. How much does each bank still hold. How much are they making out of the Australian tax payer. When does it have to be refunded. GM

well that is because if u have skills recognized in other countries that is not part of the west team, then they are not recognized here you must do it all over again like my wife a accountant over 25 years working in banks can't get a job here because she is Colombian. so she must do schooling again to do the same job, numbers are numbers yeah you need to learn new regulations etc but that's part of the job. that's a joke and a big reason why i know of many people that are in the same situation qualified accountants engineers etc. doing cleaning working coffee shops etc.

Vote no

UK insurance lot of competitive prices

long term 4 year rate outlook is 8% according to latrobe!

1:04:20: Yep, I myself, am much different O/S. This place (Australia) just feels like a highly competitive hunger games style place. Why the Fu#k would I say hello to anyone!

we will find out if the people want change in new zealand this election . we have two new party's , that have woken up the older stay the same party's . to the point they are under media black out . and the stay the same older party's have already started the changes to the way we can vote . to make sure they do not get supprized again by the people

Accounts will be replaced by AI

Didn't the government provide fibro homes to veterans in the regional towns after WW2? Why not do a scheme but only for Australian citizens now? Don't the regionals need more young people?

The RBA indecisiveness or fence sitting or watching…is a serious issue Where it makes sense that Oz govt sits back and watches other countries roll out policies and we watch the gaffes, the mistakes, the unintended consequences only to produce our own version with a better design thanks to learning from others This does not work so well when it comes to money and capital flows…When the interest rate turns other countries money to other countries instead of Australia, and those countries get out of economic recession or just improve…then the money will flow to opportunities and especially those that have had property corrections Australia will lose out from investment into capital as that money flows elsewhere…only leaving over priced properties of all kind, business and residential…with no economic recovery of our own making..just hoping that other countries will demand our dirt (iron, coal, other elements that we add no human expertise to) This idecisiveness will cost Oz far grater and for far longer than anyone can expect fence sitting to cost While stability for now seems good, the ups and downs of business cycles are a must…just iike a bushfire rejuvenates many trees and plants the atmosphere through the regrowth (a young growing plant/tree) processes more carbon than the old and established

How are renters going to save to buy a house when all of their money goes in rent.

Things ain't what they used to be !

How a re prices still so high with rates up and not finished yet

🙏👍🇦🇺

"What is the economy for?" It depends on who you ask. If you go back to the 1970's and ask the power elites in the Trilateral Commission, CFR, World Economic Forum, Rockefeller, Kissinger and Brzezinski they'll tell you one thing. If you ask the average man on the street trying to pay the mortgage, he'll tell you another.

25 min mark 13% of borrowers are spending more then their income So must be using equity in home /credit cards are going backwards . Then at 26 min mark Martin calculates 50% of households have negative cash flow ! How much equity is being tapped ? It’s like their is a giant whirlpool and it’s sucking the entire economy down with it

Yep 'The sit around and bitch about everything show '

Broken system

....wow....one annual pension payment on average....that's generous. Thank you taxpayers....

Migrants can by a nice house in Woopwoop

Firstish 🎉

🤔… interesting.

Are we surprised that they're trying to make the upper middle start spending 🤷 the flow on is the same, the rich get richer and the poor get poorer. Just a different class is feeling it now. When will they care enough for the rest though 🧐 the money has always been funneled but comfy people have never minded.

Doh!

The housing ponzi will end when the banker has extracted every last cent in existence. There is something seriously wrong when a bank loans to a person who simply can't carry themselves in today's market. Ver

The great Australian dream...yeah right. Just more gruberment propaganda

Freehold , house up the street went for 2.5m . Feel like ive won lotto . martin is old enough to be worth millions and taric is old enough to have 50% equity in a house . What went wrong guys ?

My husband and I are YOLO's. We have helped our millennial kids to a very small point but we are wealthy and we want to spend. Kids have the rest of their lives to accumulate. We have a good 20 years of active life to travel and enjoy what we have worked for. Fuck the kids is our motto. Work like dogs like we did for 35 years, go without holidays, go with a humble house/car like we did and whatever we have left after drawing down on our well earned capital you are welcome to but don't bank on it being a big inheritance!

Because your not a Citizen

STOP complaining, work hard ....

If rates stay where they are House prices keep going up and based on what is actually happening right now that's more than likely. The migration tap will not be turned off without immense political pressure. If something big breaks in the economy interest rates will be slashed and Australian house prices will be off to the races once more fueled by the people who are able to transact going all in. Many of those will actually be receiving 5% on their war fund at present. There appears to be no scenario where Australia's bullet proof property market will not keep going up. The Covid was absolutely a once in a lifetime event and look what happened against all predictions of a large reset in house prices..