You are viewing a single comment's thread from:

RE: Australia Real Estate Market CRISIS as Sydney Prices Fall Nearly 5%! U.S. Home Sales CRASH!

in #money6 years ago

Thanks for your post as I was not aware it is happening in Australia also.

If you do not mind, I'd like to express a few opinions.

First of all, I see the land tax has risen in Australia...a pretty good way to make purchasing a home uneconomical, woudn't you say? Changing the financing rules to make it more difficult is also another way for the govt to achieve its globalist plans

As for the USA. Quoting what is happening in California as a guide or indicator of what is happening in the USA is wrong and very misleading, since that State has raised taxes to exorbitant levels, while the State is also getting rid of their middle class, swelling their population almost exclusively from the illegal migrants.

Something else I read a few days ago is not mentioned (I admit I did not read through all the links you provided): There has been a substantial drop in property purchases from abroad; China, Arab and the EU being some of the main buying nationalities. I assume this is because most currencies are at a disadvantage to the US Dollar.

People should never panic because of a few reports. It is more prudent to study opinions from different parts of the political and national spectrum. Especially avoid trusting the MSM who have openly shown, in most countries, that they are in favour of corporate marxism, which means they want our economies to crash and everyone to lose their homes and cars.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.029
BTC 66989.78
ETH 3524.32
USDT 1.00
SBD 2.69