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Prices Will Go Up - People Want to Live Here; Why we need immigration - why the bubble will continue
Topic Started: 5 Oct 2013, 01:44 AM (1,789 Views)
themoops
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dave
6 Oct 2013, 05:29 PM
There are more indian university graduates than there are american students. There are more chinese millionaires than there are australians.
If you want to sell your country for profit, fear not, there are many buyers. Personally, I think the Chinese will make better overlords than the British ever did. They language will be hard to learn but at least the food will be better.
At least they won't shove NRL and AFL down our throats and the idea that some two bit thug is the epitome of manliness.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Strindberg
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Steve99
5 Oct 2013, 02:25 PM
as a complete aside to this, I have just visited a suburb that is now almost completely 'investorised' This suburb in Melbournes outer SEast 'Karingal' which is now a total toilet suburb, used to be a clean, nice, respectable but working class suburb back in the 70's 80's and into the 90's, Im not sure when it deteriorated to 'steaming pile of shit' status but the biggest factor at play is the specufestor landlords. they have completely pushed out any pride in the houses or the streets, half the people living there are on the dole (on account of offshoring etc) and are now, instead of being working class they are semi unemployed/criminal/druggie class. Once the speculators take over all of these outer working class suburbs then I suspect we will have a Detroit moment when nobody is working and no one pays the rent anymore.
One of the reasons for the existence of housing investors is that many people take a very short term view of their housing costs and look only at the next year's relative costs. They conclude on that basis that it is cheaper to rent than to purchase, and they rent. Next year they look at it again and see that renting for next year will again be cheaper than purchasing a house. And so it goes on.

Investor's take a longer term view and see that there is money to be made out of people who have short term views. Radio Rentals business is based on the same principle.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Deleted User
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Australia definitely has the most overpriced property in the world. People say its HK but that is only because they have never bought property in HK.
I can buy a nice 2 Bedroom Apartment close to public transport and all other amenities for $AUD250 000 and can be cheaper.
With no expensive and ongoing "strata" fees. Can you do that over there?
Even $250 000 is expensive for some people here in HK but shelter is the biggest expense. We pay less than $AUD1 for a beer, $AUD5 for a meal.
I do business in both countries and need a base in both but I cannot afford to buy where I need to in Australia.
I am only one man but business is made up of men like me. Your house prices must lose you business.
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