by cz515 » 26 Feb 2022, 5:52 pm
The market is hot... boiling hot. You can say a bubble.
But first let's look, it's not just houses, but cars, guns, mowers, boats, tools, everything is just going way up ridiculous. The limited supply means there is also a fomo type of effect for everything.
So back to rural, this is interesting esp in vic where people belong lockdowns feel going country is the ideal solution, currently people have lots of spare cashola, the interest rates are low and people are not spending on holidays, eating out etc.
A few years ago we were living in East Gippsland area, about the time we moved there was a huge increase in prices happening, lots of development, and then about 2 years later things went dead. People were lost huge money.
So going back to my first point. The old rule is just before a major crash the market goes really really hot. So just relax and enjoy the show. The RBA is signalling interest rates rise, companies are trying to get people back into offices. And people are refusing.
Just want until the companies realise they can get workers to work from Philippines/India for cheaper then they can the locals living in Hick town Central. And finally the people will realise why country areas such for living.
They don't have good schools, don't have public transport, no good resturant and most importantly s**t health services.
I remember how in the town I was living you couldn't get an appointment to see a doctor for 2-4 weeks usually. And both clinics had closed their books for new patients. And the specialist would come in 1 day a week to the local hospital
When good men and women can’t speak the truth, when facts are inconvenient, when integrity and character no longer matter, when ego and self-preservation are more important than national security — then there is nothing left to stop the triumph of evil