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No, that would be racist. I object only to real estate sales to people who are not permanent residents or citizens. I don't give a shit what country any Austra
by hguhghuff 9y ago
No, that would be racist.
I object only to real estate sales to people who are not permanent residents or citizens. I don't give a shit what country any Australian is originally from ... we are all Australians who hold citizen or permanent residen status, no matter the color of your skin or religion.
- drieddust 9y agoI think this is a global phenomenon.Real Estate prices in India escalated pretty much because people settled in decided to put their money into buying houses so that they can sell or rent them for a very high returns. This in turn forced realtors to over extend themselves. Our previous government was corrupt to the hilt so this continued for over a decade. That said India now have strict regulations in place[1] to curb this behaviour. I am not sure why other countries cannot follow suit. I have no issues with foreign investment comes into infrastructure and commercial space. I think its mutually beneficial. However, inflow of foreign money into housing is just evil. Local population with fixed means of income just cannot. [1] http://www.freepressjournal.in/india/rera-all-you-need-to-know-about-the-real-estate-act/1055591 http://www.freepressjournal.in/india/rera-all-you-need-to-kn...
- Arnt 9y agoBut if they aren't permanent residents, then they are subject to the law of whatever country where they spend the rest of their time. China, I presume. So when you say there's an infinite supply, you imply that the Chinese police cannot obtain Australian property records and use those to identify and imprison a few thousand corrupt officials.