buying and selling houses isn't adding to productivity in this country
The three-bedroom house in West Ryde sold for $1,715,000, less than nine months after selling for $1.3 million – essentially giving the owner more than $1500 every day since it traded in June last year.
https://www.domain.com.au/news/investor-make-415000-on-west-ryde-house-in-under-nine-months-as-prices-rise-937867/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos1&ref=pos1
Perhaps, if the legitimate ponzie scheme was gotten rid of, people would invest in manufacturing.
Rest assured, as long as the status quo remains, the rent seekers will park their money, where the easy pickins are at.
Raider
