Australia has one of the biggest property bubbles the world has ever seen and it is going to pop eventually. The bigger it gets the worse the recession will be.
It’s been fuelled by excessive debt and poor economic policy over decades, and now our economy is almost entirely based on pumping the real estate Ponzi.
Australians are in a love affair with property but it’s gone from mutual love to something not so mutual, and when we break up it’s not going to be pretty.
This video is about the history of the bubble; what caused it and how we can avoid bubbles like this in the future.
Let me know in the comments when you think the bubble will pop, because these things can last a long time.