Chinese Moving To Australia

Discussion in 'The War Room' started by PEB, Feb 11, 2018.

  1. Nooob

    Nooob Blue Belt

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    The Chinese and Indian population in Melbourne have skyrocketed in the last 10 years.

    15+ years ago, there were few in Melbourne were mostly concentrated in Chinatown and few other isolated areas.

    Now, they're everywhere. The whole city turned into Hong Kong and mini New Delhi and they're moving into the suburbs. You don't feel like you're in Melbourne when you walk around the CBD.
     
    Last edited: Feb 12, 2018
  2. Mark Cutting

    Mark Cutting Double Yellow Card Double Yellow Card Yellow Card Banned

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    [​IMG]

    Tiger penis
     
  3. ultramanhyata

    ultramanhyata Yellow Card Yellow Card

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    I guess Chinese girls are into super freaky sex toys.
     
  4. Mark Cutting

    Mark Cutting Double Yellow Card Double Yellow Card Yellow Card Banned

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    The men use it for boners. Weirdos. Yohimbe or Viagra. Boooiiinnnngggg
     
  5. covenant

    covenant Black Belt

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    as much as the rising cost of housing annoys most millenials those boomers are aussies while the chinese are not. its not fair to place them in the same basket. why we should be in competion for what is ours is nothing short of treason.

    de-reuglate any laws that allow this and confiscate all properties bought by non citizens.

    fuck em.
     
  6. Ruprecht

    Ruprecht Hands Of The Judges Staff Member Senior Moderator

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    Millenials are home investors now too (generation Y typically referred to as starting in '80, '81 or '82), although it's common for them to own investment properties while still renting.
    The thing is that there are way, way more "mum and pop" buyers in Australia than foreign investors (it boomed with falling interest rates). If you collapse housing values by banning them from owning homes, then that will crash property values and hurt more of them than it will hurt the Chinese investors (unless we just steal their property and give the money to home owners, but that's ridiculous and given Australia's economic ties with China it would destroy us all).
    That's also the opposite of what it means to "de-regulate".
    That's the challenge, they need to try and deflate prices without causing a crash. They'd be better off just limiting demand by further restricting immigration (it's grown a huge amount over the last year) although that would also have negative economic impacts.
     
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  7. covenant

    covenant Black Belt

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    sydney thinks its new york.

    cant believe the people pay these prices.
     
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  8. dembones22

    dembones22 DEFIANT CHAMPION

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    They will buy all your track homes and rent them out to you.


    Keep crushing unions and sending money over seas guys...







    l@nd0 .
     
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  9. Cake4Breakfast

    Cake4Breakfast Gold Belt

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  10. covenant

    covenant Black Belt

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    banning the chinese would not cause any kind of housing crash infact bringing prices down to pre mining boom australia would make the market far more manageable for younger people. if baby boomers are using chinese investors to further increase the bubble then they will have too manage.

    we need thailand-esque laws when it comes to property.
     
  11. Ruprecht

    Ruprecht Hands Of The Judges Staff Member Senior Moderator

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    You can guarantee that even though foreign investors aren't the majority, there's still enough of them to cause a price crash if all those homes suddenly hit the market. If you simply banned foreign investment from this date forward, I couldn't say where that would leave the market. Foreign investors are also heavily involved in new developments, so it'd hit both supply and demand as well as construction and the general economy.
    You're talking drastic measures with undoubtably drastic effects. We haven't even seen the full effect of the Chinese' own capital controls, or our increases in land taxes, stamp duty surcharges and removal of Capital Gains Tax exemptions yet.

    You know Thailand is right behind us in Chinese property investment right?
     
  12. covenant

    covenant Black Belt

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    it stops property investors asking for sky high prices hoping theres a chinese bidder in the crowd.

    banning the chinese is the only sensible thing to do largely because they should have never been given access to property market from the beggining. i do not believe their dumping of property would have any effect infact i think there would be a buying frenzy.

    frankly im certain our banks would actually welcome homeowners taking on more manageable debt rather than buying into an overinflated bubble. we need a property correction anyway.

    no i was not aware that the chinese could buy homes in thailand.
     
  13. forum poster

    forum poster Brown Belt

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    For some reason 'paleo' promotors really grind my gears almost more than anything else. My own outrage and disgust at these promoters and guru's is only rivaled by promoters of slavery and genocide. I know it's not logical, but I get more outraged at Pete Evans than almost any living human alive today.
     
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  14. forum poster

    forum poster Brown Belt

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    The biggest animal threat here in my experience are swooping magpies. The only wild animal threat I've really experienced. Try riding a bike down a hill at 30mph while getting ruthlessly attacked by one of these vicious creatures is a terrifying experience.
     
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  15. forum poster

    forum poster Brown Belt

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    Trudeu Isn't much of a leftist policy wise at all. He's basically a run of the mill neo-liberal for the most part, who just plays up his image of being a leftist by using buzzwords and pandering.

     
  16. ShinkanPo

    ShinkanPo 風 林 火 山

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    The educated Chinese my not explode or fuck cattle but I think the complaint is they buy large swatts of land and just not develop it or poorly manage it they don't nescessarily move in they just buy stuff and it hurts the ecconomy in the long run its like they are hoarding stuff.
     
  17. ShinkanPo

    ShinkanPo 風 林 火 山

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    Trudeu should not have "Mansplaining" that Woman!
     
  18. mon

    mon Purple Belt

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  19. mon

    mon Purple Belt

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    People forget that the mum and pop investors survived the 80s with interest rates sub 20% and did without to make ends meet. This meant sacrificing their desires for luxuries. The idea of $6 soy latte and the trendy cafe culture would have made them shake their heads in amazement at the blatant stupidity.

    I'm on a phone so I'm trying not to get involved but there have been a couple of pieces done on the link between the immigration policy our politicians love, the pressure on rents in our inner cities and the rise in homelessness living on the streets.

    Like most things its an accumulation of factors and fixing it will be difficult. Maybe remove the negative gearing benefits on a 2nd investment property, lower immigration and refugee intake and futher change legislation from more than a tax perspective i.e. make it harder for non citizens to own more than 2 properties
     
  20. leto1776

    leto1776 Sherdog Wet Shaver Platinum Member

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    These Chinese investors are smart. Buying up overseas properties and investments for two reasons:

    1. The eventual crash of the artificially inflated yuan.
    2. They know they live under a government that can confiscate their businesses and finances at any time. Having stuff stashed overseas gives them an escape route,
     

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