forgot to mention.
the house next door to me just sold for over $2million at auction and the guy who bought it was a chinese business man who had a translator bidding for him
my neighbors who sold up said the agents told them the guy never inspected the house, just came iin last second and outbidded everyone
was like 100 people at the auction as well.
chinese guy just kept outbidding every single other buyer instantly
HBG - Housing Bubble General
Nathan Price
Jeremiah Jenkins
what in the fuck
Ryder Young
It's called money laundering.
Camden Lee
Its a problem in all 'International Cities'. London, New York, Bay Area, Vancouver, Sydney, Melbourne, Singapore, Hong Kong etc. We're in the middle of a phase where the people who hold all the capital are reclaiming back the gains the middle class made in the last century. Workers rights are being wound back, police forces and state surveillance are being beefed up, and wealth/ownership is being concentrated back into the hands of the 1%.
In Australia, rich Chinese people who are sponsored by their government come here to buy property. Both houses in the cities, and land in the outback. They're a massive reason as to why the average house in Sydney is now more expensive than London.
This graduate engineer at my work is Chinese. His parents bought him a house and another house for a rental property which will be used one day for the parents to retire when they migrate from China.
This guy is in his early 20s and had 2 houses and a good career. Most Aussies will spend a life time buying a house if they are "lucky".
Our government sold us out
Jason Anderson
It's better than having the money in yuan.
Cameron Torres
surely this means a crash is imminent?
Liam Gomez
no need to inspect the house if it's a tear down. also, he's a resident of Australia if he could buy a property that wasn't new.
Dylan Bell
Or the prices were inflated way beyond their actual worth. Sound familiar?
Jose Adams
Top Kek
Mason Gray
#
thats what they have been saying since 2000s.
the gook bubble hasnt popped for 2 decades.
we are propping up their bubble. as long as we have trade, we will continue to create millions of gook millionaires each year who will keep increasing the bubble.
#
wrong.
Chinks buy up entire streets at a time and never inspect. They are blatantly draining us economically.
>Chinese are buying home overseas to send their kids.
>They bought up Sydney and Vancouver
>Moving to cheaper cities: Houston, Orlando, Seattle, even Pattaya
>Wheat farmer bought $half million apartment in Sydney, plans to buy 5 more
>Single male bought a $2.4 million house for his future child.
What do Jow Forums?
No foreign ownership ban because "That's racist"
No immigration control because "That's racist".
Won't belong before houses anywhere are over $1 million.
We are fucked, it's a useless country and I'm starting to see how little our own leaders look at us.