> I feel like you may have a bit of an axe to grind about local real estate prices Absolutely. Due primarily to record low interest rates, negative gearing and

> I feel like you may have a bit of an axe to grind about local real estate prices Absolutely. Due primarily to record low interest rates, negative gearing and capital gains tax reductions. > "I'm sure many can agree it's disgraceful" is a particularly choice piece of rhetoric that I am still trying to unpack Thanks for pulling me up on that, I acknowledge the comment does not contribute to a healthy discussion. > You can see some of this in the nationalism of Trump and Brexit. Your spot on. As the gap widens people will be looking for others to blame for their misfortune. This is what we need to avoid at all costs. Nationalism has no place in society. I hope I did not come across as blaming a specific nationality. The blame goes directly onto government policy. Let's ensure Australia doesn't regress into the rhetoric we are seeing in other places. > I just want people to watch out for situations like this and not think that "whoah, this is clearly disgracefully wrong". Let me be very specific, what i'm implying is disgraceful is real estate agents and government regulatory bodies ignoring the "The Anti-Money Laundering and Counter-Terrorism Financing Act 2006" [1]. "AUSTRAC has identified that laundering illicit funds through real estate is an established money laundering method in Australia," said a spokesperson. "Criminals are drawn to real estate investment in Australia because it is possible to purchase in cash, it offers reliable returns and it is possible to disguise ownership." [2] Example - "A senior Chinese policeman has been jailed for 17 years for embezzling money to buy two Australian homes for his two daughters." [3] [1] http://www.austrac.gov.au/businesses/legislation/amlctf-act http://www.austrac.gov.au/businesses/legislation/amlctf-act [2] http://www.smh.com.au/business/the-neverending-money-laundering-review-20160306-gnbse0.html http://www.smh.com.au/business/the-neverending-money-launder... [3] http://www.smh.com.au/world/chinese-police-chief-wang-jun-ren-jailed-for-buying-australian-real-estate-with-corrupt-money-20170317-gv0nz6.html http://www.smh.com.au/world/chinese-police-chief-wang-jun-re...