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Why Xenophon's Wants To Use Super for FHB Deposit?, page-6

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twenty3

2,288 Posts.

3

06/08/14

13:11

Post #: 13777763
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Originally posted by Pandev ↑

He also owns 8 properties. You would call that person an real estate 'investor'. A great deal of net wealth tied up in those properties must be a Greek thing.

No different to being an investor in iron ore and coal companies and holding a mineral portfolio. There are serious vested interest at play here meanwhile the bubble grows bigger but when it bursts as all markets and bubbles do at some stage they're be hell to pay for every single taxpayer.

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that's if the housing market is currently a bubble. which it isn't.
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