Summary
Phil shares observations from Melbourne: stress levels in the CBD, road works, tram bells, rising homelessness, high energy prices — all signs that land prices are starting to bite. The Winner’s Curse phase is gearing up. Victoria state government budget pressures are coming. He warns that businesses and individuals remaining highly geared after 2026 will face chaos and disaster. He also references his PSE eBook on what really happens to house prices when interest rates rise.
Key Claims
- Rising homelessness and high energy prices in Melbourne are signs that land prices are starting to bite. — confidence: high
- Victoria state government budget pressures and public service cuts are expected in coming years. — confidence: high
- Entities remaining highly geared after 2026 will face chaos and disaster when the cycle turns. — confidence: high
- The Winner’s Curse Phase is now gearing up as of April 2024. — confidence: high