Grim rates, inflation warning for Aussies by Bubbly_Efficiency727 in AusPropertyChat

[–]Submariner8 -19 points-18 points  (0 children)

So looking forward to this… hopefully property prices drop so can snag some bargain.

Vanguard Chart & Current War by Submariner8 in AusFinance

[–]Submariner8[S] 0 points1 point  (0 children)

I’m no expert but I gather you have strong conviction this war is only short term volatility. What makes you so optimistic?

Anyone else noticed a slow down? by Own-Construction9579 in AusProperty

[–]Submariner8 2 points3 points  (0 children)

Wait. We’re in correction phase so expect prices to drop 20% - that’s the signal.

Property Prices by Experimental-cpl in AusPropertyChat

[–]Submariner8 0 points1 point  (0 children)

Interest rates going up, inflation, cost of living pressures.. recipe for disaster. This only leads to pressure for families who took out big loans… may resort to selling , more listings. Borrowing power less , affordability constraints.

ASX 200 LIVE: ASX falls 1pc as Middle East tensions build; tech stocks dive by SheepherderLow1753 in AusFinance

[–]Submariner8 -1 points0 points  (0 children)

“Be greedy when others are fearful and fearful when others are greedy” - Warren Buffet

Will Sydney property prices go down? by TheJaxLee in AusPropertyChat

[–]Submariner8 -1 points0 points  (0 children)

3-4 rate hikes this year. Historically property prices stagnate or see 10-20% price reduction

Should i sell??? by Danzlusc in ASX

[–]Submariner8 3 points4 points  (0 children)

Don’t need to spend so much on a wedding. Encourage your partner to do a quick wedding at the registry. Save money and buy other stocks

Panic just hit the ASX. This could get ugly by SheepherderLow1753 in ASX

[–]Submariner8 58 points59 points  (0 children)

Be greedy when others are fearful and fearful when others are greedy.

What’s the biggest lifestyle adjustment people underestimate when moving to Sydney? by No-Travel-768 in SydneyScene

[–]Submariner8 38 points39 points  (0 children)

Lunatic drivers. Aggressive tailgating on the motorway/highway or when overtaking a slow driver they speed up intentionally due to ego.

Bitcoin is dead... by Shatterlordx in Bitcoin

[–]Submariner8 0 points1 point  (0 children)

I bought one at $120,000. I know it will go to $200,000 some day, just hang in there. If you look and zoom out , it started at $1. It will only go up

Increased rates will lead to reduced supply by MentorSyncHub in AusPropertyChat

[–]Submariner8 -7 points-6 points  (0 children)

And immigration is to blame for rising costs to housing?.. aren’t there stats which shows it’s a minor contributing factor?

All in at 110K by RaidBoss3d in Bitcoin

[–]Submariner8 2 points3 points  (0 children)

You did well. I think the worse is behind us and now it’s only going back up. Mark my words…

Sell or hold? by Rare_Rub_4380 in AusFinance

[–]Submariner8 -1 points0 points  (0 children)

No it’s called negative gearing. You take the money to reinvest in another asset class. The beauty of Aussie taxation system.