Harry Dent Warns Australia   You Have The Biggest Housing Bubble in History second only to China !
Channel: GeoStar TV
Date: 09/04/2020

Harry Dent Warns Australia : You Have the biggest Housing Bubble in History second only to China ! -
Harry Dent is at it again ; 
this time screaming the warning that this real estate bubble is the greatest bubble in modern history, And Australia is number two only to China in the extent of this bubble.
 So there is no way real estate is going to go up much farther .
Definitely we are in a housing bubble. Income is low. Housing prices are too high. 
Fewer jobs and interest rates are going up. 
People already have a considerable debt. There have been too many Scheisster elites and elite institutions, both private and Government, propping up the housing market. But, one swift kick of the front door, in terms of interest rates going up and the whole rotten edifice with collapse into a heap of rubble. 

Welcome to The Atlantis Report. 


The smart money always gets out first while the dumb money is still coming in. 

There are bubbles in Canada, Australia, New Zealand, and most likely smaller bubbles in the USA and the UK. 

So when is the pop ? 
The real estate crash is the point where everyone  recognizes that there is a bubble popping.

 When it is accepted by the masses that prices are falling. 

When even the most bullish real estate spruiker admits that the market is falling. 

That is what I am calling for the year 2020 .
 Australia may well set the global record for a realestate implosion. 

Harry Dent is screaming a warning to the Australians about their real estate market .

 I view Australia this time as leading the second global bust.

real estate is going to be more pervasive . 

it's gonna affect more countries .
 China is going to be the epicenter of that .
which has much more impact on Australia than it does United States for real estate .

especially foreign buying and your trade with China . 

so I I think , you guys have been living in a good real estate market as far as anybody knows or can remember. 

you didn't have the real estate crash or even a downturn of significance in the in the global financial crisis we did . 

A lot of other countries did. 
I understand you think oh you know it can't happen to us .
 I consider and I was in California 22 years before I moved to Florida and now Puerto Rico  not that long ago .
California and Australia are the two most similar real estate markets in the world .

To me they both have very good climates; attractive places to live ;they have strong immigration especially in foreign buying real estate . 

I mean Australia is a hip place I mean I would live there  if I could . 

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