Chinese pricing Australians out of housing market....

[Toma]

http://m.bbc.com/news/business-26445106

Lol. So it's not just hongcouver.

[BigMass]

Originally posted by Toma
http://m.bbc.com/news/business-26445106

Lol. So it's not just hongcouver.

what do people expect? Countries have used China as a defector slave nation for years, facilitating overconsumption and waste and now that they're using the worthless paper we sent them in exchange to purchase something of value people bitch about it. What we've done is basically traded our land and infrastructure for worthless plastic shit that's eventually all going to end up in landfills. It's our fault for being lazy fat greedy ignorant idiots and bitching about it makes us look even more so.

[ZenOps]

Yes, yes.

And the US dollar still has amazing purchasing power in certain parts of the world. And Chinese are spending those debt dollars too, at a time when people are screaming to get more dollars to pay their utility bills.

China investing in US debt over the last century was a very good play.

Of all nations that would want to keep the US dollar, it would be China - That is until they have finished their buying spree.

[Xtrema]

China is buying everything around the world. As stability goes, you can't beat Australia and Canada.

[lilmira]

I thought Australians are a bit more "colour" sensitive so Canada might be a better choice. However, many of these rich chinese just want their money stored/invested somewhere else so it doesn't really matter to them much.

[adam c]

Originally posted by lilmira
I thought Australians are a bit more "colour" sensitive so Canada might be a better choice. However, many of these rich chinese just want their money stored/invested somewhere else so it doesn't really matter to them much.

I think the Chinese are a little more temperature sensitive

[revelations]

The article is titled wrong. It makes it sound like the Chinese are taking over Oz.

It should read "Chinese pricing Sydney and Melbourne housing markets out of reach for Ozzies"

Sydney has always been a hot demand. I've spent a week there and I can see why.