The next Big Short...

Young people can't afford a first home (most)... Their parents "the boomers" have equity and superannuation..

The banks are actually selling now mortgages backed by boomer equity.. They are even advertising and encouraging kids and parents to do this.. The power of suggestion..

Markets are due for a very very big correction sometime in the next decade... A correction yet to be seen in history thanks to the carpet under the rug treatment of the 2008 crash.

The after math?? A very sneaky transfer of boomer wealth to the banks and their cronies, rather than their would be inheritors.

Only thought of this when my mum mentioned she couldn't get money for some extensions she wants to do on her house because she doesn't have access to her super until she retires (in another 8 years!!!) she's already 60.. But the banks gladly gave her a loan backed by her super to do her extensions.

Discuss

Glad someone is awake to what's going on.

A global passive transfer of wealth into slavery. One bank seizing funds at a time, just slowly slowly. 'Google - global banks seizing funds'

As far as the market goes, not enough buyers at the top yet to trap, some additional pushes along with a large media campaign of 'stability', then we might see the rug pulled out.

It will be interesting now to see the big guns come on here now in denial and say we are dreaming.

Well, it's just history repeating. Culturally speaking; Look at the TV it's just tits and ass making average guys feel like "faggots" and average girls feel ugly and not sexual enough.. Its on every channel every show. Its all through the music and the movies. It's a distraction

They are literally telling you what is ok and what is not. So people are busy not only trying to paying the rent but making themselves look acceptable to their TV god... whatevs.. It's nothing new, they just get better at it.

They tore apart the family unit, now its an attack on the individual. Nothing is good enough anymore, no one is. An impossible goal they have set everyone to dis-table the mind first and then feed it what they want it t think. Because it is now susceptible to outside suggestion as it believes on a subconscious level that it is not good enough, not strong enough,not pretty enough, not rich enough, to think for itself.

It's not even evil, just the inevitable consequence of a business capitalist system. Somewhere along the way people realized there is simply no profit in morality. And morality doesn't pay the bills or buy the yaughts.

By definition it is good business, gold star stuff. Genius even...

Yes we are actually being divided on every level imaginable race, male - female, politically etc etc.

People now are mostly zombies and willfully ignorant to what is really going on and are being literally brainwashed daily.

I do think there are sinister characters peddling miss information and they are very influence at the highest levels of society including media, government .....

Yep

young and old
gay and straigt
fat and thin
white and black
rich and poor
etc etc

When we cant touch the enemy we turn amoungst ourselves .... this is very profitable and extremely convenient.

And they were wonder why spiritual people wanna blow us the f up ... All action is inspired

And they make these guys rich too;

https://m.youtube.com/watch?v=ThlhSnRk21E

useful idiots

As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a “democratic system”, but there is nothing “democratic” about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the Federal Reserve that everyone should know…
#1 The greatest period of economic growth in U.S. history was when there was no central bank.
#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.

#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.

#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.
#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.
#6 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.”
#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.
#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.
#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…
Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
#11 The Federal Reserve also paid those big banks $659.4 million in fees to help “administer” those secret loans.
#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.
#13 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.
#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.
#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#16 The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
#17 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.
#18 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.
#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.
#20 The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.
#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.
#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.
#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.
#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?
#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?
http://www.wakingtimes.com/2013/09/1...deral-reserve/

I think some drivers for current property prices increases this is more relevant to where I live in NZ that's seeing big rises with the government recently putting in restrictions and each country having it's own nuances but still probably similar drivers. Uk for example could see a slump maybe with brexit and immigration new rules as that would have been a major driver in London over the years with EU integration and Peter Sutherland's mass migration initiatives to EU countries.

You can also bet the NZ politicians (policy makers) and their business mates,friends and cronies would have loaded up in property pre-boom.

Population shifts, NZ has seen lately high numbers of new residents and returning nationals
Unregulated nonresidential Foreign investing into housing, London has also seen this from Russians, Chinese and Arabs
Supply of new build housing in Auckland regulated.
Lower mortgage rates.
Aucklanders cashing in houses and returning kiwis from overseas buying in regional areas