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Originally posted by wycky
Originally posted by dingleberry77
reply to post by beta.services
Hey, I think the housing shortage argument is a bit of a joke. Sure, there might not be a lot of new housing being built, but that's not the point. Where is all the money going to come from to keep the bubble inflated. Wages and hours are going down, and banks aren't willing to lend as much. Who's going to continue to pay the stupid housing prices?
I have a relative in Mexico who is wealthy.
He came to Australia to visit and while here looked at some properties to invest in, he couldn't beleive the prices, he has properties all over Mexico and the US and a few in other countires, he bought nothing in Australia, he said it comparison its not worth it, and beleive me he is not short on cash.
... the billions of dollars that have been given in funding for the native people. Where is it going? It doesn't seem to be making any real difference and there are the same ol interest groups in the native community pocketing the money or the same problems of money being squandered on drink and drugs. Non native govts and individuals are also misusing the money.
I also saw that many new migrant arrivals are also developing the welfare dependency, refugees too.
They compete with Australians for jobs and housing because Australians are too dependent on govt jobs and there's not enough careers in private business.
A lot of its artificial but some of it is because of the shortage of housing that came with giving priority to refugees and migrants. I don't think ordinary Australians will want to suck it up for much longer.
Originally posted by dontbelievehype
I was in Australia when these terrible things came out and I know for a fact the reality came out then but it had gone on far longer. The Aborigine issues are a festering sore in Australia and billions hasn't solved the housing, health and other huge problems. That's something that will keep dragging Australia down and it's not and won't help the country's economic health in these desperate global meltdown times.