Matt Barrie Calls Out the Australian Housing “Ponzi Scheme”

By Equity Mates Clips

Matt Barrie breaks down the harsh truth behind Australia’s housing market — arguing it operates like a Ponzi scheme.

Here’s what others had to say:

@Tonyrobs2
As someone living in Sydney. These are the things i realise, house prices and cost of living is insane and salary will never catch up taxation system here are meant to never make you rich. The wage gap in Australia is growing wider and wider, meaning no matter how hard you work a job, it’s not enough to keep up even before inflation, more and more people might face a tough time in retirement.

@Daaannn-g6k
A key factor often overlooked is that over 25% of new homes are being acquired by investors, rather than individuals seeking primary residences. Even if Baby Boomers decide to offload their properties or more housing stock enters the market, it won’t alleviate the underlying issue. Wealthy investors will continue to absorb the available inventory, which will keep home prices elevated.

@paulidevoss7249
This is less ‘Australian Housing is a Ponzi Scheme’ more ‘Australia’s entire Economy is a Ponzi Scheme, which has a ripple effect on Housing’
Part of the problem is we rely on raw exports too much. We need to return to more manufacturing in Australia and value-adding to natural resources before export. For too long we’ve been a big, dumb, ‘dig a hole in the ground to make money’ country.

@AnthonyTolhurst-dw1nc
1970 a single man’s wages could house a family of 7 (in mine), own a decent 2nd hand car and stay well clear of credit. There is the truth.

@andrewschultz5101
Imagine if we made a law that you can’t have immigration numbers above the number of new houses built.

@AnthonyTolhurst-dw1nc
Housing is for living in, not for Banksters to speculate on. Now housing is a commodity to be bought and sold.

@jubbafrubby4561
Free the Australian housing market of all tax breaks and subsidies and make it a free market for Australians only!

@KonstantinDeak
Roughly 1/3 are renting, 1/3 mortgage (11 million properties – average $650 per week) So we are sinking somewhere around 4.5 – 5 Billion into land per week. That is a quarter of a Trillion $$$ per year that could go towards businesses, services, product exports, night life events… But here we are with a whole generation in debt or stuck and stressed!!

@FenistTheFalcon
Yes Ponzi Scheme – In Australia they see house or land as a speculative investment so they want unlimited buyers from around the world to pump up the house prices!!! A person on a tourist visa or temporary visa can buy land, house or apartments in Australia. Only a citizen can buy land or house in Singapore, Thailand, Bali, Azerbaijan, Oman, Vietnam etc. Even in Dubai where 85% of the population are immigrants on temporary visa they can only buy a property in designated areas where foreigners are allowed to buy..

@walmartgolem
When you compare what you get in housing for half a million or a million dollars in Australia, and compare it to abroad, you realise what a terrible value proposition Australia’s housing represents.

@byza101
Matt needs to start Reform Australia, align it with Reform England. We need to break apart the uniparty and Matt can communicate the problems and solutions better than anyone either side of government.

Original source: https://www.youtube.com/watch?v=JCKiuw-_wAA