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Australia is addicted to property appreciation. They have thrown so much gas on the fire that it’s burning the rest of their economy. Canada is the same way. W
by opportune 4y ago
Australia is addicted to property appreciation. They have thrown so much gas on the fire that it’s burning the rest of their economy. Canada is the same way.
We’ll see what Australians think when they can’t live off HELOCs and retire based on purely owning some 70’s bungalow anymore.
- FpUser 4y agoNot sure about Australia but Canada would probably include being poor as good enough criteria to approve MAID at some point. Our fucking politicos are already tinkering with the idea doing it for mental people. What would prevent them from going further.
- mrjin 4y agoThis is actually true for most of the countries. The governments take the biggest cut through the whole process: 1. Sales 2. Approvals 3. Duties 4. Rates So the higher the prices, the higher their revenue would be. And the inflation caused by that would also in their favor as it virtually diminishes their liabilities. There is no better way of making quick money in short term for the governments, but it will for sure backfire at some point. Those politicians know that, but they cannot care less as long as it doesn't burst in their term.