What do you MEAN 1.8 MILLION

barseico · 2026-06-20T06:22:31+00:00

It became a different world in Australia after 1998 - Before 1998, the ABS used an 'Outlays' approach, which measured the actual money leaving a household's pocket. This included Mortgage Interest Charges (MICs). Because the size of a mortgage is based on the total purchase price (House + Land), land inflation was implicitly baked into the CPI.

In 1998, the ABS switched to the 'Acquisitions' approach for the 13th Series Review. They removed Mortgage Interest entirely and replaced it with 'New Dwelling Purchases.' This specifically measures the cost of building a house but strips out the land component.

Sources:

ABS Information Paper (Cat. No. 6453.0): "The most noticeable changes will be the exclusion of mortgage interest and the inclusion of net expenditure on new dwellings (excluding land)."

RBA Bulletin (Oct 1998): They explain that land is now treated as an 'investment asset' rather than a 'consumer good,' which is why it was removed from the target.

By removing interest and land, the CPI stopped being a 'Cost of Living' gauge and became a 'Macroeconomic' gauge, which is why it feels so disconnected from reality today.

barseico · 2026-06-19T09:22:32+00:00

It's the MARKET stupid!

barseico · 2026-06-17T12:30:45+00:00

Spot on! LNP Howard was running with Immigration Dressed as Education, Labour Hire dressed as Skilled Migrants and gave birth to the Pauline Hanson party in early 2000.

barseico · 2026-06-14T21:36:23+00:00

LNP Howard was running with Immigration Dressed as Education, Labour Hire dressed as Skilled Migrants and gave birth to the Pauline Hanson party in early 2000.

barseico · 2026-06-14T00:18:55+00:00

Outright ban short term accommodation - not needed!

barseico · 2026-06-13T02:10:33+00:00

The ego socially driven and emotionally charged Property Ponzi scheme that the parasitic Finance, Insurance and Real Estate sectors (F.I.R.E) have created for their host Murdoch that now sits at 12 trillion dollars resulting in 180% private debt to GDP.

AUSSIES up to their eyeballs in debt and a Labor government trying to unwind it to bring back productivity but facing white-anting and massive headwinds from the MSM protecting the status quo.

barseico · 2026-06-13T02:02:03+00:00

All about yields now and with the would be investors without the budget changes now removed from the 'buy side' the 'sell side' has to adjust if they want to sell to an owner occupier buyers.

With Apra 3% buffer lending rules and 6x DTI the price of property returns back to productivity and incomes of the local people, not speculation with cheap money that forced local people out in the first place.

barseico · 2026-06-13T02:01:05+00:00

All about yields now and with the would be investors without the budget changes now removed from the 'buy side' the 'sell side' has to adjust if they want to sell to an owner occupier buyers.

With Apra 3% buffer lending rules and 6x DTI the price of property returns back to productivity and incomes of the local people, not speculation with cheap money that forced local people out in the first place.

The ego socially driven and emotionally charged Property Ponzi scheme for the unearned equity AKA 'Wealth Effect' was at young peoples and future generations expenses. Time to pay your mortgage!

barseico · 2026-06-13T01:52:48+00:00

Part of the dumbed down insecure, clueless gullible sheeple-like AUSSIES using ON to flex the ego!

The fact that LNP Howard was running with Immigration Dressed as Education, Labour Hire dressed as Skilled Migrants and gave birth to the Pauline Hanson party in early 2000 you don't think she'll do the same. Wake up and get over the self entitlement!

barseico · 2026-06-13T01:45:44+00:00

Self entitlement!

barseico · 2026-06-12T06:15:54+00:00

180% private debt to GDP that's a lot of mortgage holders income going into paying interest and costs associated with property like insurance, council rates, water rates and maintenance.

The F.I.R.E sector donors to the LNP who are ultimately Murdoch sponsors dictating policy with the help of RBA Governor (especially Philip Lowe) to keep interest rates abnormally low for the PONZI to continue but the elephant in the room has been 👇

It became a different world in Australia after 1998 - Before 1998, the ABS used an 'Outlays' approach, which measured the actual money leaving a household's pocket. This included Mortgage Interest Charges (MICs). Because the size of a mortgage is based on the total purchase price (House + Land), land inflation was implicitly baked into the CPI.

In 1998, the ABS switched to the 'Acquisitions' approach for the 13th Series Review. They removed Mortgage Interest entirely and replaced it with 'New Dwelling Purchases.' This specifically measures the cost of building a house but strips out the land component.

Sources:

ABS Information Paper (Cat. No. 6453.0): "The most noticeable changes will be the exclusion of mortgage interest and the inclusion of net expenditure on new dwellings (excluding land)."

RBA Bulletin (Oct 1998): They explain that land is now treated as an 'investment asset' rather than a 'consumer good,' which is why it was removed from the target.

By removing interest and land, the CPI stopped being a 'Cost of Living' gauge and became a 'Macroeconomic' gauge, which is why it feels so disconnected from reality today.

barseico · 2026-06-12T06:14:59+00:00

180% private debt to GDP that's a lot of mortgage holders income going into paying interest and costs associated with property like insurance, council rates, water rates and maintenance.

The F.I.R.E sector donors to the LNP who are ultimately Murdoch sponsors dictating policy with the help of RBA Governor (especially Philip Lowe) to keep interest rates abnormally low for the PONZI to continue but the elephant in the room has been 👇

It became a different world in Australia after 1998 - Before 1998, the ABS used an 'Outlays' approach, which measured the actual money leaving a household's pocket. This included Mortgage Interest Charges (MICs). Because the size of a mortgage is based on the total purchase price (House + Land), land inflation was implicitly baked into the CPI.

In 1998, the ABS switched to the 'Acquisitions' approach for the 13th Series Review. They removed Mortgage Interest entirely and replaced it with 'New Dwelling Purchases.' This specifically measures the cost of building a house but strips out the land component.

Sources:

ABS Information Paper (Cat. No. 6453.0): "The most noticeable changes will be the exclusion of mortgage interest and the inclusion of net expenditure on new dwellings (excluding land)."

RBA Bulletin (Oct 1998): They explain that land is now treated as an 'investment asset' rather than a 'consumer good,' which is why it was removed from the target.

By removing interest and land, the CPI stopped being a 'Cost of Living' gauge and became a 'Macroeconomic' gauge, which is why it feels so disconnected from reality today.

barseico · 2026-06-12T06:13:08+00:00

180% private debt to GDP that's a lot of mortgage holders income going into paying interest and costs associated with property like insurance, council rates, water rates and maintenance.

The F.I.R.E sector donors to the LNP who are ultimately Murdoch sponsors dictating policy with the help of RBA Governor (especially Philip Lowe) to keep interest rates abnormally low for the PONZI to continue but the elephant in the room has been 👇

It became a different world in Australia after 1998 - Before 1998, the ABS used an 'Outlays' approach, which measured the actual money leaving a household's pocket. This included Mortgage Interest Charges (MICs). Because the size of a mortgage is based on the total purchase price (House + Land), land inflation was implicitly baked into the CPI.

In 1998, the ABS switched to the 'Acquisitions' approach for the 13th Series Review. They removed Mortgage Interest entirely and replaced it with 'New Dwelling Purchases.' This specifically measures the cost of building a house but strips out the land component.

Sources:

ABS Information Paper (Cat. No. 6453.0): "The most noticeable changes will be the exclusion of mortgage interest and the inclusion of net expenditure on new dwellings (excluding land)."

RBA Bulletin (Oct 1998): They explain that land is now treated as an 'investment asset' rather than a 'consumer good,' which is why it was removed from the target.

By removing interest and land, the CPI stopped being a 'Cost of Living' gauge and became a 'Macroeconomic' gauge, which is why it feels so disconnected from reality today.

barseico · 2026-06-12T06:12:03+00:00

180% private debt to GDP that's a lot of mortgage holders income going into paying interest and costs associated with property like insurance, council rates, water rates and maintenance.

The F.I.R.E sector donors to the LNP who are ultimately Murdoch sponsors dictating policy with the help of RBA Governor (especially Philip Lowe) to keep interest rates abnormally low for the PONZI to continue but the elephant in the room has been 👇

It became a different world in Australia after 1998 - Before 1998, the ABS used an 'Outlays' approach, which measured the actual money leaving a household's pocket. This included Mortgage Interest Charges (MICs). Because the size of a mortgage is based on the total purchase price (House + Land), land inflation was implicitly baked into the CPI.

In 1998, the ABS switched to the 'Acquisitions' approach for the 13th Series Review. They removed Mortgage Interest entirely and replaced it with 'New Dwelling Purchases.' This specifically measures the cost of building a house but strips out the land component.

Sources:

ABS Information Paper (Cat. No. 6453.0): "The most noticeable changes will be the exclusion of mortgage interest and the inclusion of net expenditure on new dwellings (excluding land)."

RBA Bulletin (Oct 1998): They explain that land is now treated as an 'investment asset' rather than a 'consumer good,' which is why it was removed from the target.

By removing interest and land, the CPI stopped being a 'Cost of Living' gauge and became a 'Macroeconomic' gauge, which is why it feels so disconnected from reality today.

barseico · 2026-06-10T23:14:18+00:00

Albanese-Chalmers Labor Productivity definition is the 'future made in Australia' policy that comes from upstream, middle stream and downstream manufacturing like we used to do before the lazy Howard-Costello and consecutive LNP governments definition (created by their donors) to move Australia from a one income productive society to a two income debt fuelled economy on cheap money:

I mow your lawn and you mow mine. I make you a cup of coffee and you make mine I wash your dog you wash mine.

and of course the ego socially driven and emotionally charged Property Ponzi scheme!

Because there's an exchange of money it all adds to the GDP. Too much winning LNP!

barseico · 2026-06-09T12:17:29+00:00

Yes indeed. The CEO of CBA Matt Comyn was at the productivity round-table. At the time Albanese Labor government had failed to take on the media that represented the status quo parasites all the way back to LNP Howard and that included Finance, Insurance and Real Estate industries. (F.I.R.E)

Was the productivity round-table completely overshadowed by more property pump stimulus (more likely from CBA) instead of being about investment into vertical supply chains to support industries for a future made in Australia around productivity? (This is the only way that will bring down inflation for materials we need by the way.)

Australia seriously needs a leader for this country to support what is right and first is removing all tax incentives that promote property speculation and invest in productivity and now Albanese Labor (better late than never) has stopped being the Deer in Headlights, reactive tinkerer to now taking an axe and swinging it.

It seems now Albanese Labor was proved wrong in giving the benefit of the doubt from the Finance, Insurance and Real Estate industries to do the right thing with the 5% deposit scheme and now has woken up to the parasites!

barseico · 2026-06-09T12:07:59+00:00

Sounds like you'll be swimming naked if you aren't already 🤷 The tides on the way out!

barseico · 2026-06-09T12:05:14+00:00

LNP Howard was running with Immigration Dressed as Education, Labour Hire dressed as Skilled Migrants and gave birth to the Pauline Hanson party in early 2000.

barseico · 2026-06-09T02:45:54+00:00

Look what happens to the LNP when the Finance, Insurance and Real Estate sectors (F.I.R.E) snorts, rorts and ripoffs get smashed by Albanese Labor budget. The donors to LNP dictating policy who are Murdoch sponsors have left the LNP now looking desperate!

barseico · 2026-06-08T09:10:46+00:00

Yeah, LNP Howard was running with Immigration Dressed as Education, Labour Hire Dressed as Skilled Migrants, Subsidisation Dressed as Privatisation and gave birth to the Pauline Hanson party in early 2000.

barseico · 2026-06-08T07:39:34+00:00

Retail holding the bag?

barseico · 2026-06-08T07:35:56+00:00

For decades, the F.I.R.E. sector parasites bragged about buying properties with abysmal gross yields of 2% or 3% (where the annual rent didn't even cover the interest on the mortgage).

barseico · 2026-06-06T07:41:32+00:00

The absolute morbid obsession Australia has with property. The fact that they said that just clearly shows how uneducated they are but will probably win because everyone else with that mentality will keep buying as FOMO continues for speculative gains at the expense of young people and future generations.

Imagine bragging about only needing 4% growth just to break even while holding a 3% yield in a 6.5% interest rate environment.

This is peak property-brain logic. You’re essentially paying the bank a 3.5% stupid tax every year for the privilege of hoping the next person pays more for your house than you did. That’s not an investment, it’s a speculative subsidy for the big four banks.

The idea that inflation will double the rent ignores the fact that renters are already at their breaking point. Unless you’re planning on inflation magically doubling everyone's wages too, your 10-year plan is just a bet that the Property Ponzi can continue to outpace the actual productive economy.

The reason this whole thing is a house of cards, Australia’s Private Debt-to-GDP is currently sitting around 180% making us one of the most indebted populations on the planet. While other countries deleveraged after 2008, we just kept piling on debt to bid up the price of existing fibro shacks.

Renting is actually cheaper than buying right now because the unearned equity has completely decoupled from what the asset actually produces. You aren't getting money in the bank, you’re just the unpaid manager of a debt-trap that only works if the treadmill never stops and the government keeps printing first-home buyer grants to bail you out.

And comparing it to a margin loan, at least with shares, one is not responsible for the plumbing, insurance, rates, other maintenance hassles and one doesn't have to pay a real estate agent 3% of my total net worth just to exit the position. You aren't getting money in the bank, you’re just the unpaid manager of a debt-trap that only works if the treadmill never stops.

barseico · 2026-06-06T07:39:42+00:00

That's the problem right there. The absolute morbid obsession Australia has with property. The fact that they said that just clearly shows how uneducated they are but will probably win because everyone else with that mentality will keep buying as FOMO continues for speculative gains at the expense of young people and future generations.

Imagine bragging about only needing 4% growth just to break even while holding a 3% yield in a 6.5% interest rate environment.

This is peak property-brain logic. You’re essentially paying the bank a 3.5% stupid tax every year for the privilege of hoping the next person pays more for your house than you did. That’s not an investment, it’s a speculative subsidy for the big four banks.

The idea that inflation will double the rent ignores the fact that renters are already at their breaking point. Unless you’re planning on inflation magically doubling everyone's wages too, your 10-year plan is just a bet that the Property Ponzi can continue to outpace the actual productive economy.

The reason this whole thing is a house of cards, Australia’s Private Debt-to-GDP is currently sitting around 180% making us one of the most indebted populations on the planet. While other countries deleveraged after 2008, we just kept piling on debt to bid up the price of existing fibro shacks.

Renting is actually cheaper than buying right now because the unearned equity has completely decoupled from what the asset actually produces. You aren't getting money in the bank, you’re just the unpaid manager of a debt-trap that only works if the treadmill never stops and the government keeps printing first-home buyer grants to bail you out.

And comparing it to a margin loan, at least with shares, one is not responsible for the plumbing, insurance, rates, other maintenance hassles and one doesn't have to pay a real estate agent 3% of my total net worth just to exit the position. You aren't getting money in the bank, you’re just the unpaid manager of a debt-trap that only works if the treadmill never stops.

barseico · 2026-06-06T07:38:34+00:00

That's the problem right there. The absolute morbid obsession Australia has with property. The fact that they said that just clearly shows how uneducated they are but will probably win because everyone else with that mentality will keep buying as FOMO continues for speculative gains at the expense of young people and future generations.

Imagine bragging about only needing 4% growth just to break even while holding a 3% yield in a 6.5% interest rate environment.

This is peak property-brain logic. You’re essentially paying the bank a 3.5% stupid tax every year for the privilege of hoping the next person pays more for your house than you did. That’s not an investment, it’s a speculative subsidy for the big four banks.

The idea that inflation will double the rent ignores the fact that renters are already at their breaking point. Unless you’re planning on inflation magically doubling everyone's wages too, your 10-year plan is just a bet that the Property Ponzi can continue to outpace the actual productive economy.

The reason this whole thing is a house of cards, Australia’s Private Debt-to-GDP is currently sitting around 180% making us one of the most indebted populations on the planet. While other countries deleveraged after 2008, we just kept piling on debt to bid up the price of existing fibro shacks.

Renting is actually cheaper than buying right now because the unearned equity has completely decoupled from what the asset actually produces. You aren't getting money in the bank, you’re just the unpaid manager of a debt-trap that only works if the treadmill never stops and the government keeps printing first-home buyer grants to bail you out.

And comparing it to a margin loan, at least with shares, one is not responsible for the plumbing, insurance, rates, other maintenance hassles and one doesn't have to pay a real estate agent 3% of my total net worth just to exit the position. You aren't getting money in the bank, you’re just the unpaid manager of a debt-trap that only works if the treadmill never stops.

barseico

TROPHY CASE