They're only buying in other countries to protect their wealth. At any time the government can sieze assets but not when it's foreign owned property.Cybargs wrote:
oh noes people that aren't the same nationality as me is buying property, what will i ever do.
Because that is money flowing into your economy. You should be grateful. Would you rather the money be spent back in China rather than being used to buy property, pay real estate agent fees, taxes etc.? It's a gift. Stop whining.AussieReaper wrote:
They're only buying in other countries to protect their wealth. At any time the government can sieze assets but not when it's foreign owned property.Cybargs wrote:
oh noes people that aren't the same nationality as me is buying property, what will i ever do.
I can't buy property in China due to laws. Yet they can buy here creating a bubble. How is that fair? I want a house to live in. Not an investment property.
Not so much. All that money flowing in is boosting the AUD and making our exports uncompetitive.Jay wrote:
[Because that is money flowing into your economy. You should be grateful. Would you rather the money be spent back in China rather than being used to buy property, pay real estate agent fees, taxes etc.? It's a gift. Stop whining.
yeah if there's one thing I've been on this forum, it's consistently xenophobicCybargs wrote:
oh noes people that aren't the same nationality as me is buying property, what will i ever do.
And 20 years from now when those apartments are no longer new, they will start making their way down the food chain. The best way to combat high housing costs? Move the jobs to the suburbs. But companies care more about zip codes than even the arrivisti do.KEN-JENNINGS wrote:
yeah if there's one thing I've been on this forum, it's consistently xenophobicCybargs wrote:
oh noes people that aren't the same nationality as me is buying property, what will i ever do.
New York is one of the most expensive places to live. An inordinate amount of new housing is focused on building super high end apartment towers. This lowers the overall amount of affordable housing for residents. Unfortunately, not everyone in NY has a high paying job and can afford living where they work. In fact, a study was just recently released showing that something like 40% of housing has slightly decreased in median value, while the remaining 60% has increased (continuing a trend). The 40% that slightly decreased? The most expensive 40% of housing.
But hey, you're a dumbass who can only regurgitate what you read or other people tell you, so I shouldn't be surprised.
It's all leaseholds in China m8 and I highly doubt any Australians would bother to invest in China anyway. Can't get dat negative gearing aye. chinese don't even make up more than 2% of total real estate purchases and somehow it's a national crisis.AussieReaper wrote:
They're only buying in other countries to protect their wealth. At any time the government can sieze assets but not when it's foreign owned property.Cybargs wrote:
oh noes people that aren't the same nationality as me is buying property, what will i ever do.
I can't buy property in China due to laws. Yet they can buy here creating a bubble. How is that fair? I want a house to live in. Not an investment property.
lol no its not. most of the money flowing from china is for resource exports and education. housing investment is quite small in the overall scheme of things. why the fuck would anyone purchase investment property in cash when you can leverage.Dilbert_X wrote:
Not so much. All that money flowing in is boosting the AUD and making our exports uncompetitive.Jay wrote:
[Because that is money flowing into your economy. You should be grateful. Would you rather the money be spent back in China rather than being used to buy property, pay real estate agent fees, taxes etc.? It's a gift. Stop whining.
Soon we'll be a Chinese dormitory nation.
Because quite often its shady cash and they think they're buying an escape route.why the fuck would anyone purchase investment property in cash when you can leverage
Last edited by Dilbert_X (2016-06-11 07:29:43)
2% is total of last financial year afaik.Dilbert_X wrote:
FIRB Means nothing - they wave everything through whether its legal or not.
Is that 2% of total investment or new investment?
All the people who have bought in our street in the last 5 years have been Chinese, pretty well all the apartments being built in Melbourne are being sold off plan to Chinese investors.Because quite often its shady cash and they think they're buying an escape route.why the fuck would anyone purchase investment property in cash when you can leverage
dassault? catia?Dilbert_X wrote:
I do not wish for any of my software to go to monthly subscription.
That and Dassault are steadily trimming functionality and upping prices.
AutoDesk is raking it in. I think my company is paying $20,000/year between the cad and revit licenses on my workstation.Dilbert_X wrote:
Solidworks
the app lets you download your library anywhere you want on any device you have. so if coverage goes out, you can use your backup files.Jay wrote:
I'm really hesitant to give up my local files, and I really despise the push towards that. Data coverage is not universal. When do I absolutely want to listen to music? When I'm on the subway with an in and out data connection.
Its annoying when they cut features to bump you to the next package up.Jay wrote:
AutoDesk is raking it in. I think my company is paying $20,000/year between the cad and revit licenses on my workstation.Dilbert_X wrote:
Solidworks
