AUS-house prices..why so high?
Dec 28th 2012, 8:30 am
#16
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Dec 28th 2012, 8:34 am
#17
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Re: AUS-house prices..why so high?
The land was of course stolen from the Aboriginals if you use your example. Crown land in Australia is owned by the Government and they sell it off to developers who in turn make huge amounts of money. These people with the overwhelming majority of the money are the Australian aristocracy. The problem in Australia is that only a tiny % of the country is habitable, 99% of the population wouldnt want to live in 99% of the country, a slight exaggeration but you get the idea.
I must admit I have never come across anyone who thinks that the UK is still a feudal society
I must admit I have never come across anyone who thinks that the UK is still a feudal society
Dec 28th 2012, 8:45 am
#20
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Dec 28th 2012, 8:54 am
#21
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Re: AUS-house prices..why so high?
I'm happy with that
Dec 28th 2012, 9:49 am
#22
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Re: AUS-house prices..why so high?
Apologies..im not a regular on here. I've just started reading a Travel book about Australia so was just doing some reading on the internet. I then looked at Australain realty prices in the major cities from Perth thruogh Canberra,Adelaide etc and couldnt help thinking how expensive houses are to buy. How can this be in such a massive country with such a small population density? Logic says that good sized houses should be modestly priced. So why so expensive? Ta
Why?
Our economic system requires constant growth. For constant growth you need constant economic bubbles. Famous recent bubbles include Japanese asset prices in the 1980s, the dot-com bubble in the 1990s and the real estate bubble we are currently in, the worst ones being Australia, Britain, Ireland, Spain and China. When they burst, it's going to be very messy.
Last edited by Zen10; Dec 28th 2012 at 9:51 am.
Dec 28th 2012, 9:52 am
#23
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Re: AUS-house prices..why so high?
Property all over the world has ballooned in the past 15 years. UK property went nuts late 90s - 2007, same in Aus. Read on this website about prices in Canada exploding same period. I know people in US report the same only there they had a proper crash, CA at least. All over EU prices went nuts - look at Stockholm. Aus terribly unsustainably high, look at Shanghai property prices - to the moon.
Why?
Our economic system requires constant growth. For constant growth you need constant economic bubbles. Famous recent bubbles include Japanese asset prices in the 1980s, the dot-com bubble in the 1990s and the real estate bubble we are currently in, the worst ones being Australia, Britain, Ireland, Spain and China.
Why?
Our economic system requires constant growth. For constant growth you need constant economic bubbles. Famous recent bubbles include Japanese asset prices in the 1980s, the dot-com bubble in the 1990s and the real estate bubble we are currently in, the worst ones being Australia, Britain, Ireland, Spain and China.
Ireland?
Dec 28th 2012, 10:58 am
#25
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Re: AUS-house prices..why so high?
I guess the bubble bursts when affordability is stretched to the limit and the big manipulators and players can no longer invent workable schemes to mug people into thinking that what they want to buy is affordable.
Britain is still very much a feudal society.
Britain is still very much a feudal society.
Dec 28th 2012, 1:05 pm
#27
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Dec 28th 2012, 4:00 pm
#28
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Re: AUS-house prices..why so high?
One day you will post something that surprises me, not today though
Dec 28th 2012, 4:34 pm
#29
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Re: AUS-house prices..why so high?
OK i found some useful reading which indicates that Australia is essentially Feudal just like the UK. Citizens of countries such as aus and the UK may think they own land but they are merely Crown tenants and can be hooved off if the state requires their land.
http://www.ourcivilisation.com/coora...ts/chap813.htm
http://www.newstatesman.com/global-i...orld-australia
http://www.ourcivilisation.com/coora...ts/chap813.htm
http://www.newstatesman.com/global-i...orld-australia
Dec 28th 2012, 4:43 pm
#30
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Re: AUS-house prices..why so high?
Remind me to send next years rates notice to the Queen