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Post by sherri on Feb 20, 2017 21:45:52 GMT
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Post by mrp on Feb 21, 2017 12:30:50 GMT
Not much really. Haven't we been here before? Didn't the Japanese sell back to use at much lower prices?
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Post by granty on Feb 21, 2017 21:01:25 GMT
I could be wrong, but to me the Chinese are 'no bother'. They're not religious, they're not Black, so no problem.
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Post by sherri on Feb 21, 2017 21:49:55 GMT
It would be nice though if we didn't sell off quite so much of our country so easily.
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Post by mrp on Feb 21, 2017 23:31:08 GMT
It's not "your" country though - trapse through Aboriginal land which they "do not own" and "the land owns them" and is the weakest form of land title, and you will see how quickly you have no interest or equity in that land! My country bruh!
Let alone freehold land held elsewhere by whitey or celestials.
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Post by mrp on Feb 21, 2017 23:31:31 GMT
"they're not Black"
Jesus.
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Post by sherri on Feb 22, 2017 20:24:34 GMT
It's not "your" country though - trapse through Aboriginal land which they "do not own" and "the land owns them" and is the weakest form of land title, and you will see how quickly you have no interest or equity in that land! My country bruh! Let alone freehold land held elsewhere by whitey or celestials. It is my country. It's where I live. Fact is, house prices in Melbourne have gone through the roof & a lot of it in some suburbs is being driven by foreign buyers, mostly from China. So yes, it affects the average person.
As for what granty said about 'they're not black'. Sure, it sounds racist but he's quite accurate in that African blacks here in Melbourne are a major problem and it is a pity we ever allowed them to migrate here. I am not saying every one of them, but on the whole it has been a massive fail. Unemployment, violence, house invasions, gang activity, bashings, car jacks. You think I am exaggerating but everyone I know can tell you about a friend, neighbour or acquaintance who has been attacked or affected. It's not just the media whipping up fear, it is personal experience. That's a worry. in my opinion, I think every trouble maker should be deported.
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Post by DADDY O on Feb 22, 2017 20:29:16 GMT
YGG................you'd be better off with Mexicans.....at least they want to work.
Sorry........I couldn't miss this one.
BTW - They can build a house faster than anyone..............don't tell the Chinese.
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Post by sherri on Feb 22, 2017 20:42:28 GMT
What does YGG stand for?
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Post by mrp on Feb 23, 2017 6:19:57 GMT
The Apex gang exists because the Victorian Police allow it to exist. I've taught quite a few Sudanese and they were nothing like the crims in Melb. I'm not denying there are problems but the Victorian police seem more interested in political matters than doing their job.
The Chinese buying houses doesn't affect property prices.
How much do you think residential development is taxed at? 30%? 45%? 50?
The effective tax RATE on development is around 80-85%.
This is why housing is unaffordable. Usurious taxation that would have made John I or Richard II of England look like saints.
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Post by DADDY O on Feb 23, 2017 8:45:55 GMT
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Post by DADDY O on Feb 23, 2017 8:50:23 GMT
The Apex gang exists because the Victorian Police allow it to exist. I've taught quite a few Sudanese and they were nothing like the crims in Melb. I'm not denying there are problems but the Victorian police seem more interested in political matters than doing their job. The Chinese buying houses doesn't affect property prices. How much do you think residential development is taxed at? 30%? 45%? 50? The effective tax RATE on development is around 80-85%. This is why housing is unaffordable. Usurious taxation that would have made John I or Richard II of England look like saints. Good Grief. Now I know why Sherri is always impressed with the cost of housing in the USA. Also, I never understood why the Brits provide "Council Housing" to everyone. What's that all about?
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Post by sherri on Feb 23, 2017 9:42:29 GMT
The Apex gang exists because we allowed too many Africans into the country. Africans who haven't been able to find jobs or assimilate well. I have never said all Sudanese are bad. Of course they are not. But the problems outweigh the positives at the moment. personally I would look at the stats for all groups and any group where there is still 70-95% unemployment after 5 years in the country-I would put the brakes on that group's migration. There are obviously problems and why compound them.
I don't think it is the police at fault. They catch these people and then they are let out on bail or without charge. Time our laws toughened up.
Chinese buying does affect prices. The competition pushes up prices. You tell me why a pretty average house in Glen Waverley went for over $6 million. Mind you, stamp duty rates are a rort.
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Post by DADDY O on Feb 23, 2017 17:56:07 GMT
Wouldn't the stamp duty alone lead you into inflation?
After you buy the house, do you pay property taxes each year on the assessed value?
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Post by mrp on Feb 23, 2017 23:27:06 GMT
I blame the police almost entirely. The Victorian Police Commissioner is a political figure to boot. The States don't have much say on immigration, so they must deal with what they are dealt. I agree, however, that the refugee programme is abused. I would even go so far to say that it should be privately sponsored and funded. If refugee activists really cared...well we would see how much they really cared! If you don't assimilate, are not a citizen and commit a serious crime, you can get deported - you get arrested, then the process starts. How many deportations have there been? This also means the Federal Minister must be willing to sign off on Immigration officers recommending deportations. hia.com.au/en/IndustryPolicy/Tax%20reform.aspx"The total taxation burden on a new home can now be well over 40% of its purchase price - most of which is borne by the home buyer. This means that the tax component of a new home is now so large, it usually exceeds the costs of land. Taxes on new home building dampen economic activity and reduce housing affordability, and with many of the taxes on new housing being highly inefficient, there are significant economic gains to be made from their removal. Australia has a large housing shortage, and because as a nation we continue to under-build, each year we add a further 20,000 homes to this shortage. Yet taxes on the delivery of serviceable land for residential development, property transfers and on new home building activity - together with land supply constraints - inhibit the industry’s capacity to supply sufficient homes to meet demand for more affordable housing." Let's do some simple maths. 40% of the purchase price 60% tax base (pre tax price) 40/60 = 66% 45% (I've seen 46% in NW Sydney actually). 55% 45/55 = 81% 46/54 = 85.18% No other investment/asset class faces such steep taxes, not at least as a barrier to entry. Here we have a clear case of taxation reducing supply/shifting the supply curve backwards.
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