Article

2022-01-08 Down Under

Cashed-up Chinese buyers swarm Australia's housing market as the collapse of Evergrande looms

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Posted by Skidmark 2022-01-08 00:00|| || Front Page|| [8 views ] Top
File under: Commies

#1 China's new San Francisco Bay Area.

Posted by Vernal the Unfortunately Complexioned1975 2022-01-08 06:58|| 2022-01-08 06:58|| Front Page Top

#2 Vancouver in the antipodes. All those see-through investment condos.

Posted by Nguard 2022-01-08 09:45|| 2022-01-08 09:45|| Front Page Top

#3 China limits foreign buyers to a single property.

Why doesn't everyone else do the same to them? They just buy these properties and then sit on them because their money has nowhere else to go. If they keep it in China, they lose it.

Posted by Sheter the Lesser9291 2022-01-08 11:41|| 2022-01-08 11:41|| Front Page Top

#4 Back when Japan was buying everything, analyst Ralph Acampora said, "That's fine. What are they going to do, take it back to Japan? They have to pay taxes on it here. The money spent to purchase it is now here."

Posted by M. Murcek 2022-01-08 11:44|| 2022-01-08 11:44|| Front Page Top

#5 We gave an entire class of enablers who make millions off of foreign flight capital: Citigroup, BoA, JPMChase; real estate developers and brokers; tens of thousands of lashes and accountants; and of course the blue political class in CA WA and NY

Posted by Merrick Ferret 2022-01-08 12:18|| 2022-01-08 12:18|| Front Page Top

#6 * lawyers and accountants... LOL: have to love auto-correct that outputs lashes when the user types lawyers

Posted by Merrick Ferret 2022-01-08 12:19|| 2022-01-08 12:19|| Front Page Top

#7 Is this like all those foreigners a few years back buying decayed inner-city Detroit mansions in order to flip them? How did that go for them?

Posted by trailing wife 2022-01-08 22:35|| 2022-01-08 22:35|| Front Page Top

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