Australia's largest stock trading and investment forum Australia's #1 stock forum

buying and selling houses isnt adding to productivity in this country, page-4

First 4 Last

Share
Profile

Follow
Marketinfo

37,367 Posts.

241

08/03/20

07:07

Post #: 43364115
Share

Originally posted by raiderup: ↑

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

Expand

raider,

Ponzi Schemes always collapse ........... however, this one is going to take a lot of innocent bystanders with it.

MI
2 Upvote

Reply

Top Stories

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

AII

Inside the Depths of Panasqueira: A Legacy Carved in Rock

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

DMP

Is Domino's a steal after -25% plunge?

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

First 4 Last

SPONSORED BY