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Chinese money drives up house prices

Chinese money drives up house prices

Old Apr 2nd 2010, 11:15 pm
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Default Chinese money drives up house prices

Probably explains why house prices in Sydney and Melbourne keep skyrocketing, good news if you own bad news if you want to buy

http://www.smh.com.au/national/chine...0402-rjyf.html

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Old Apr 2nd 2010, 11:23 pm
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Default Re: Chinese money drives up house prices

Blimey, mohogony, not like you to post something with vaguely racial undertones, now is it?
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Old Apr 3rd 2010, 12:07 am
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Default Re: Chinese money drives up house prices

Originally Posted by Seasider View Post
Blimey, mohogony, not like you to post something with vaguely racial undertones, now is it?
The P/C brigade out again. So we are not allowed to mention why housing prices in Sydney and Melbounre are going up becasue its racist to do so.

Last edited by mohogony; Apr 3rd 2010 at 12:22 am.
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Old Apr 3rd 2010, 1:15 am
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Default Re: Chinese money drives up house prices

Originally Posted by mohogony View Post
Probably explains why house prices in Sydney and Melbourne keep skyrocketing, good news if you own bad news if you want to buy

http://www.smh.com.au/national/chine...0402-rjyf.html

How the hell , in a population of 22M, which has had on record a horrendous housing shortage for decades suddenly have house price inflation because of a few chinese people with money. What a load of tripe.

The very fact that this country has such a huge rental market, and taxation policies to support that, should be enough for the average dolt to realise there is a shortage of stock. A shortage recognised at government level as such a problem that they put taxation policies in place to alleviate it to encourage private sector wealth to increase the housing stock.

Sounds like more poorly researched tripe, typical aussie media. Here's a tip - read the Guardian, Telegraph and Times websites before flipping over to news.com.au for a bit of light entertainment.
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Old Apr 3rd 2010, 1:44 am
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Default Re: Chinese money drives up house prices

Originally Posted by spalen View Post
How the hell , in a population of 22M, which has had on record a horrendous housing shortage for decades suddenly have house price inflation because of a few chinese people with money. What a load of tripe.

The very fact that this country has such a huge rental market, and taxation policies to support that, should be enough for the average dolt to realise there is a shortage of stock. A shortage recognised at government level as such a problem that they put taxation policies in place to alleviate it to encourage private sector wealth to increase the housing stock.

Sounds like more poorly researched tripe, typical aussie media. Here's a tip - read the Guardian, Telegraph and Times websites before flipping over to news.com.au for a bit of light entertainment.
what he said
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Old Apr 3rd 2010, 2:26 am
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Default Re: Chinese money drives up house prices

Originally Posted by spalen View Post
How the hell , in a population of 22M, which has had on record a horrendous housing shortage for decades suddenly have house price inflation because of a few chinese people with money. What a load of tripe.

The very fact that this country has such a huge rental market, and taxation policies to support that, should be enough for the average dolt to realise there is a shortage of stock. A shortage recognised at government level as such a problem that they put taxation policies in place to alleviate it to encourage private sector wealth to increase the housing stock.

Sounds like more poorly researched tripe, typical aussie media. Here's a tip - read the Guardian, Telegraph and Times websites before flipping over to news.com.au for a bit of light entertainment.
The Australian media has historically always like Asians. Gives them a racial stereotype to blame for every ill in Australia, because they it means it wasn't the poor hardworking Aussie that caused it all.

I'd agree. But I wonder, do the Spanish say the same about the British perhaps ?
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Old Apr 3rd 2010, 3:50 am
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Default Re: Chinese money drives up house prices

Originally Posted by Centurion View Post
The Australian media has historically always like Asians. Gives them a racial stereotype to blame for every ill in Australia, because they it means it wasn't the poor hardworking Aussie that caused it all.

I'd agree. But I wonder, do the Spanish say the same about the British perhaps ?
Its not an ill if you own a house in one of the good suburbs of Sydney or Melbourne where the Chinese are buying up, its only an ill if your a buyer.
If it was'nt for China buying up our resources the OZ economy would be in recession like Europe and the USA, so l don't think Aussies are blaming Chinese for their ills.

Last edited by mohogony; Apr 3rd 2010 at 3:58 am.
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Old Apr 3rd 2010, 4:42 am
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Default Re: Chinese money drives up house prices

Nothing to do with racism - you have to be blind if you don't see the enormous increase in the Chinese population in Sydney, at least.
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Old Apr 3rd 2010, 5:03 am
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Default Re: Chinese money drives up house prices

Originally Posted by mohogony View Post
The P/C brigade out again. So we are not allowed to mention why housing prices in Sydney and Melbounre are going up becasue its racist to do so.
"P/C"? Maybe. Observant enough to notice that you often post similarly provocative topics? Definitely. What was that recent one where somebody accused you of trolling? Something to do with "boat people", IIRC.
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Old Apr 3rd 2010, 5:19 am
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Default Re: Chinese money drives up house prices

Originally Posted by mohogony View Post
If it was'nt for China buying up our resources the OZ economy would be in recession like Europe and the USA
Neither the Eurozone, the USA or the UK are in recession - can you please change the record?

Australia escaped recession at least in part via rampant government spending & handouts. You know, paying people to put in insulation then paying them to take it out again - that sort of thing.
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Old Apr 3rd 2010, 6:06 am
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Default Re: Chinese money drives up house prices

Originally Posted by Seasider View Post
"P/C"? Maybe. Observant enough to notice that you often post similarly provocative topics? Definitely. What was that recent one where somebody accused you of trolling? Something to do with "boat people", IIRC.
Yes l'm a racist troll becasue l didn't think OZ should just have an open border and let all the boat people in

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Old Apr 3rd 2010, 6:35 am
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Default Re: Chinese money drives up house prices

Originally Posted by mohogony View Post
Yes l'm a racist troll becasue l didn't think OZ should just have an open border and let all the boat people in
But you did say to let them in - as long as they agreed to grow & harvest your food and stay away from most other Australians. Wasn't that the plan?
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Old Apr 3rd 2010, 3:54 pm
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Exclamation Re: Chinese money drives up house prices

Much of Australian econmy has become a colony for China[and now it is moving to the housing market]much of this will be so-called 'hot' money fleeing a serious downturn in the chinese economy/financial system.Very controversial--I know;but think about it and inwardly digest the implications.
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Old Apr 3rd 2010, 4:39 pm
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Default Re: Chinese money drives up house prices

Seems like Oz and the US are owned by the Chinese nowadays, isn't it? They are our new masters. The Chinese are buying up Oz's natural resources and property, they buy our debt.

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Old Apr 3rd 2010, 9:48 pm
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Default Re: Chinese money drives up house prices

Originally Posted by Wol View Post
Nothing to do with racism - you have to be blind if you don't see the enormous increase in the Chinese population in Sydney, at least.
Yes l think China has now overtaken the Uk as the number one source of immigrants, Most Chinese, Indians and non English speaking migrants move to Sydney and Melbounre, while most migrants from English speaking countries like the UK, NZ and SA tend to move to Perth, Brisbane and Adelaide.

Last edited by mohogony; Apr 3rd 2010 at 9:52 pm.
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