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01/11/14

12:41

Post #: 14221402
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Originally posted by fungigiro ↑

to me the timing of real estate is the same
as the gold coat boom 1980
all Japanese and boomers bought .. took them 20 years to recover,,
now
we all selling to the chinese??
what will happen when we stop them buying with illegal money
food for thought
the government is responsible so far not to control the cash in
typical example
chinese parents send daughter or son to study in australia
to get PR they show cash to authorities
the child get PR and manage to get the parents here on pension support,,
results are
average pension support of 25 years multiply 450 / week = 520 000 dollars of dead government money for
people who suck the system plus medicare unlimited benefits??
the only way to recoup the losses is a big fall in properties ..??

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When the rich chinese retired here, they'll transfer their millions cash here too. No need to sell prop to live, they just buy more. I know some Chinese, they already own 2 & planning to buy more.
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