My nextdoor neighbors house just sold for $1,575,500 to some 5'5 Asian guy who had a translator bidding for him.
Literally like 30+ couples turned out that were bidding, all went away disappointed, a few even cried.
This house last sold for $275,000 in 2001. The fuck is happening LMAO?
>>81410398
Australia being sold out to fucking chink scum. Why does this need explanation?
All the money flows to China, Chinamen steal it, then buy houses with it.
>>81410398
Austrailians are so poor that even chinks are richer than them.
>>81410398
Wealthy Chinks and sellout politicians. We've got them too.
Sell your house and move to Poland. I'm assuming it's a similar value. $1,500,000 in Eastern Europe goes a long way. You could start multiple businesses with that kind of money.
You will never own a home, so that Chinamen can park their stolen money.
>>81410598
Sad!
>>81410398
>tfw can't go back home to Australia because its literally affordable for an Australian to start up in Australia.
This is a good thing. Once it reaches boiling point the populace can raid all the houses, take them back (since no one even ends up living in them) and tell the owners back in China to fuck themselves.
>>81410523
Basically this. Same thing is happening in Canada and New Zealand. Chunks are buying up land with dirty money so they can flee China when the whole thing comes crashing down.
These yellow freaks have got to go. Fuck the boomers.
Asian land banking, which is ironic because the taxes they end up paying and inability to negative gear as foreigners means they're losing out in the long term.
And God forbid we have a war with China, but what do you think will happen when our government realises 10% of home owners are citizens of a belligerent nation?
>>81410565
>>81410598
>>81410633
The problem is at its absolute worst in Vancouver. Australians simply tax the fuck out of them.
>>81410640
Reminder that moving to a country where you can't speech the local language is not a wise life decision and therefore suggesting it as a means of avoiding problems in virtually all anglosphere nations is invalid.
>>81410398
YU WAN CHEAP BID ON HOUSE?
TOO BAD, HERE, WAN MIRRION DORRARS
>>81410398
Same thing in Vancouver and Toronto
They're starting to show up in Calgary now, despite the economy being total shit unemployment at 8% house prices are still going up
A combination of apathetic government, boomer greed, and low interest rates has fucked everything
>>81410398
I thought your government outlawed that. What happened? Is it cause you killed Based Tone to the curb?
>Blacks cucking whites in America
>Muslims cucking Euros in Europe
>Asians cucking Anglo-Aussies in Australia
Whites BTFO
They're infesting Vancouver Island now as well. Not good. Georgia Strait used to keep them away.
>>81410398
This is what free-trade fags don't want you to know. When you have a big trade deficit with a nation like China, they will tell you, "Oh, they are subsidizing your economy! It all balances out!" They never do the math and realize that of course it all balances out, because the chinks take the surplus and buy up all your assets, creating legal claims on future income streams in your nation that are tantamount to ownership of it.
When free trade polices result in large trade deficits to other countries, your nation is being sold out from under its citizens to foreigners, and that's a fact.
>Australians complaining about Chinese
Well then why did you fight the Japanese Empire?
It's like when Europeans and Americans complain about Jews in 2016.
Well maybe, just maybe if you didn't side against Germany you wouldn't have all these modern problems.
kek
>>81410398
Sounds like the value of your house just went up a couple of tens of thousands of dollars overnight.
Why do Chinese people buy houses in these random countries anyway
Too many chinks senpai. Too many chinks.
>>81411144
Money laundering and a safe spot when the mainland tanks.
Just a reminder that you cant own property in China per their laws.
>>81411144
Backup plan.
>>81410803
>Reminder that moving to a country where you can't speech the local language is not a wise life decision and therefore suggesting it as a means of avoiding problems in virtually all anglosphere nations is invalid.
Then learn the language? Live in an Eastern European country two years building connections, learning laws and learning the language. You could live lavishly on $20,000 a year while you're learning.
It's not a bad decision. You're getting out of a high priced market and moving into a low priced market.
>>81411008
>that flag
>Americans
>"you" not we
Aus, Can, NZ = safe, stable, never in the news. Boring places are good places to live.
It's capitalism, deal with it.
>>81410962
FUCKING CHINKS STAY OFF MY ISLAND!
REEEEEEEEEEEEEEEEEE
>>81411232
You can't even own property in Mexico without being a citizen if I remember correctly. But of course Canada and Australia shouldn't have such bigoted laws :^)
>>81411144
The properties are just a safe money laundering investment, they don't even live in half of them.
>>81411398
Just go squat in them then.
>>81410398
>Parents buy state house in mid 90s for 200,000$
>Could advertise it tomorrow and get 1.5 million for it.
Mass immigration and not enough housing tends to drive the prices up. Only the banks and investors are benefiting. First home buyers are fucked.
We have had left leaning millennials here actually complaining about the Asians and the media and politicians start screaming buzzwords.
>>81411361
Na fuck off. Sellout politicians putting foreigners above their own citizens.
>>81411270
You're delusional if you think you can create a successful business and have a happy life in a country with a completely different culture and mentality.
>>81410803
>Asian land banking, which is ironic because the taxes they end up paying and inability to negative gear as foreigners means they're losing out in the long term.
I've heard some houses are paid in full cash and no question asked...is that true?
>>81411270
So you spend a year learning, you spend about 2 years having preschool level conversations and by the third or fourth year... What, you finally realise you've wasted three years of your life out of some fashionable ideal to live far away from the country you're most acclimated in order to be genuine to a decadent goal of experience?
I'd rather build a life in a place where I can completely utilize all the knowledge I've gained, which means English conversations and using English language socialisation techniques. I'll out and admit it, socialising for me is hard enough already.
Honestly, I'm just shitty because it's a stupid idea.
>Australia and Canada complaining about buying real estate
Nigga, you guys are 2nd/3rd behind RUSSIA in lowest humans per acre.
Nigga, you guys should have already owned ranches or mountain land in your countries. My supervisor's friend owns a fucking MOUNTAIN RANGE in Colorado Rockies. (20 miles long/several miles wide)
where do these chinese get this money in the first place
>>81410398
It'll probably sit vacant for a while, driving up property value (and taxes) in your area from the inflated purchase price and ensuring that low-mid class 'strayans will never be able to afford to purchase a house in their own country for the next decade.
Plant a bunch of kudzu and knotweed on the property (preferable right against the house) to make it uninsurable and wreck the foundations. If it gets on your side of the fence, you can sue them for devaluing your property with nuisance plants and poor maintenance. No one's gonna be living in it for the next few years and the cheapass chink owners will probably pay for the bare minimum of maintenance. Make their dirty money investment worthless by the time they do flee.
>>81411437
>Just go squat in them then.
I am white though, I would get thrown in jail for squatting.
>>81410398
mate, lemme tell you a story. my grandparents purchased property like houses and shit during the 60s for mostly 20k some of them went for 30k. I just recently sold one of the houses for 1.5 million. good times we live in
>>81411437
That's kinda what one guy did in my city. When the chinks came a visiting they found a guy taking a shower and all of their furniture and appliances gone.
>>81411678
Most Chinks can only speak two English words, "cash onree".
>>81411741
My dumbass parents sold a home in downtown Honolulu in 1990s for $70K~.
It just sold again in 2010s for $1.2 Mil.
My parents are dumb da dumb dumb dumb.
>>81411719
What the fuck isn't made in China now?
Gonna be fun if there is a war. Whoops, where did our industrial base go?
>>81411719
It's that 0.5% of chinks that own the factories, movie theatres and all that capitalism in the People's Republic.
>Sell house roundeye.
>>81411678
That's pretty typical for these people, yeah. Like others have said, it kills two birds with one stone: they can invest a TON of money outside the country for safe-keeping when shit hits the fan, and it gives them somewhere nice to live when that happens.
>>81410398
meanwhile, in my neighborhood, a beautiful house and horse ranch property which sold for 1.5 Million USD in 2005 sits abandoned, in disrepair, graffiti ridden, homeless people sleeping in the barn, in the house, on the property everywhere, is listed for $500,000 without a buyer in sight
>>81411733
>It'll probably sit vacant for a while, driving up property value (and taxes) in your area from the inflated purchase price and ensuring that low-mid class 'strayans will never be able to afford to purchase a house in their own country for the next decade.
Down the road is a house that has been sitting empty for 3 years. 2 Asians have owned it in that time and they just sit on it and cash it in a year later for an easy 100,000$ profit.
Piece of shit doesn't even get the lawns done or pay his rates.
>>81411719
A lot of it is likely dirty money from the rampant corruption that infest China. If you have contacts in the Chinese bureaucracy, you can make mad dosh.
>>81411899
oh so the big money changs are coming through with the yuans to buy this shit?
Are chinks as bad as niggers moving in next door? I'm from the South, so I've never experienced this chink invasion.
>>81411712
America why you bitch so much about black people? They're only 13% of your population.
>>81412081
sounds like Las Vegas, NV
> Be China
> Be Dictatorship
> Want to be Global Superpower
> Have a billion people
> Treat most of them like shit
> make everything, get paid in US dollars
> lend them to US
> keep getting paid in US dollars to make shit
> have surplus in US dollars
> want capital assets
> want political and economic influence in developed countries
> buy real estate in developed countries
> drive the locals out of the major cities
> turn them into playgrounds for Chinese elite while whitey serves them.
It's modern day colonialism
>Houses still cheap as fuck here
God bless rural Texas
>>81410398
>This house last sold for $275,000 in 2001. The fuck is happening LMAO?
SELL YOU STUPID FUCKS! YOU TOO YOU FUCKING MAPLES!!
>>81411719
Most are commie party committee leaders of some kind.
The solutions to these problems are so simple they're obvious even to 5 year olds.
https://www.youtube.com/watch?v=OsGuwEuSMA4
>>81412183
I remember when land out west was going for $99/acre (mineral rights not included)
Is it still that way?
>>81410398
If you've been to uni, you would know that 95% of luxury/sports cars are driven by Asians.
Australia has a system where if you 'invest' enough money (buy stuff like cars, setup a business etc) you and your family are granted citizenship.
All the rich ones come over and live wealthy
>>81410785
And then give China a fucking pretext to invade us? No thanks you retarded English teacher
>>81410598
It's the richest of them you idiot.
>>81410907
>Selection bias
This entire thing is hyperbole. The problem inherently is government policy and not the consumers; because only 25% of 'outlier purchasers' in the property market were Chinese, many others being English, American, Russian and other Australians
>>81411008
This is the most American post I've read because of all the disregard for factors except the one for his argument. Kill yourself
>>81411144
Because they can afford it. There's a fucking lot of rich Chinese and they can afford to buy houses in comfy countries.
>>81411232
Then obviously the problem is our government needs to change its policy
>>81411719
China is the world's most populous and second richest country. There ought to be a few rich blokes, don't you think? Fucking retard.
>>81411897
This is basically what India did to the late colonial Britain. My mate's Australian flag and hunting rifle were both made in China.
>>81412179
>turn them into playgrounds for Chinese elite while whitey serves them.
This sounds like typical /pol/ hyperbole but Vancouver is basically already there. Fucking hell.
>>81412154
Really fucks me off.
The guy who owned it before these chinks had lived in it since 1945. His father was given it when he came home from the war.
>Selling real estate
Spotted the retard.
Lease/rent your land.
Land is something you accumulate and never sell like Gold, Firearms, Ranch, Apartment, Equity. Something that becomes a family trust.
>>81412081
You can also post an ad on craigslist claiming everything is up for grabs. Just go at night, take a hammer to the door knob (won't have a working alarm, chinks will be too cheap to pay for one), and leave it open for the guests the next day. By the time they send someone over, there won't be any pipes or wiring left.
>>81412227
lol
>>81412291
>english teacher meme
Calm down imam.
You're telling me, a one story 'modern' house a few houses down from me sold for 1.2mil. It's actually fucked, idk how I'm ever going to own my own house unless there's some crash, in which case I probably won't have a job so no money to buy a house anyway.
>>81412101
Yes, they are laundering that money in an ultra-safe investment. Houses in Canada and Australia are over-valued because of this.
>>81412291
fuck you chinaman
>>81412337
Yes, but 'colonialism' is based on the premise of conquest and forceful subduing. Western governments pass legislation ALLOWING non-citizens to own property. It's not colonialism, it's retardation.
Chinks let their children piss in garbage cans.
>>81410398
>couples bothered turning up
>the auction wasn't just a bunch of different chinese businessmen bidding between each other
do you even sydney pham?
>Canada and Australia fought Japanese Empire in WWII
Karmas a bitch
CHOKAI!
*Fires Torpedo*
Hilarious, your own race sold you out white aussie. Rich Chinks and Cumskins laughing it all the way to the bank
>>81412346
I know the story on this end
There are tons of houses near me owned by California chinks, unoccupied, unmaintained, just biodegrading in the son. Nobody has lived in them for the past 8 years.
Some of the owners do as you say and cash out to the next asian investor
Some thought, are chinks who lost their asses and are too embarrassed to cut their losses
Shit that went for $750,000 back in 2007 is now valued <$200K
Somehow they believe that in the next few years they will get their money back
It ain't happening
>>81412394
>Everyone who doesn't agree with my opinion must be Muslim!11!!1
Alright, you're a fucking tourist. Happy?
>>81412417
>Everyone that is rational must be a Chink
I wonder why America gave away its industrial base to China. Wait it's because the average person in the electorate is probably more stupid than you are and more liable to needlessly strawman than tackle actual issues the way you do.
>>81411144
>random countries
>>81412382
House has already been gutted of piping and hot water tank etc. (We have Maoris and Polynesians who are prone for stealing them from vacant houses)
These Asians don't care if the houses are trashed. The land is what is worth so much. The house alone wouldn't even sell for 10,000
>>81410803
>inability to negative gear as foreigners means they're losing out in the long term
many of them aren't foreigners, but in any case, they'll just be happy to get their corrupt money out of china before it can be seized by the government, so they still win
>>81412547
Boomers are retarded cunts everyone knows that.
>>81411398
How do you launder money through a house that you paid 5x+ for?
I understand people doing it through businesses like nail salons but how do you do it with houses that you over pay on?
>>81412129
Sounds like they're the opposite in some ways.
They will keep the place clean, they will keep to themselves. They aren't loud.
But they will show up in ever increasing numbers and never stop speaking Chinese loudly to each other and putting up Chinese signs and making Chinese businesses and generally turning your home town into Hong Kong. Plus they're aggressively demonstrative about status. You got a new truck? Your neighbour will get a newer, better one then look at yours with contempt.
>>81412337
I live in Vancouver and work in the downtown core. It's pretty hard not to see a 20 something gook driving a pink Bentley...and i'm not exaggerating on that front. I've had enough and i'm ready for the race war.
>>81412514
I'm in Seattle and I've seen a bidding war erupt on a drive-way between two chink agents each on speakerphone with their clients back in China.
Tech-bros alone already priced most people out of here for life in like 5 years flat. Now chinks are coming in to make us truly Sydney/Vancouver-tier.
If I ever want to own a home I'm gonna have to move out to the countryside or the south, that's pretty much all there is to it.
>>81412482
Good job on showing your insecurity faggot. And we let literally anyone on the fucking globe own property as long as they've got the cash. I just returned to /pol/ after a 3 year break and this entire board is just full of nonsensical circlejerking rather than rationally assessing problems.
>>81412408
>unless there's some crash
Oh it will come. Sooner or later they will have to cash out, it can't go on forever.
>>81412674
We should just bring back the Chinese Exclusion Act NOW!
>>81410802
Pinch: How the Baby Boomers Took Their Children's Future - And Why They Should Give It Back
^this book does a good case for why selling your home in this fashion is wrong.
For the 1% of pol/ that still reads books
>complaining about Chinese people
Just why.
>>81412777
Because they're disgusting insects you stupid chink.
>>81412604
Being this mad won't get your houses back from the Chinese, settle down.
>>81410398
>a few even cried.
Wait, what?
>>81412777
nice heavenly trips my chinese friend
Look on the brightside, Chinks are buying your worthless assets, soon to be driven downwards in the next recession
>>81412547
>Hilarious, your own race sold you out white aussie. Rich Chinks and Cumskins laughing it all the way to the bank
Yes a lot of us are waking up to this fact.
Its mostly the rich, property owning boomers who are crying RACIST when the millennials start complaining that they cant get into the property market anymore.
Half the blame goes to the sellers, who are usually white. It takes two parties for a transaction.
>>81412757
All I'm saying is the Chinese should be banned from ever stepping foot in any Western country effective immediately.
>>81412674
Race war isn't coming. Just constant minor downgrades in quality-of-life for the bottom 1%. If it wasn't chinks buying these houses, it would have been russians or brits or americans instead.
Either get rich or move to the quieter parts of the province.
>>81410398
>Nobody in this entire thread seeing the actual problem
This would've been precluded if Western governments, like the majority of the other governments in the world, did not allow majority foreign ownership let alone complete foreign ownership of any domestic assets. Instead of circlejerk-bashing China, why don't you guys actually go campaign or put pressure on existing political parties to annul legislations enabling this? Instead you're all acting like niggers 'ooga boogla race war'
inb4 fuck off muslim
inb4 fuck off chink
inb4 fuck off australia
/pol/ was shit 3 years ago but it's even shittier now. Hilarious to think there are people who are full fledged serious here
>>81410398
Capitalism! The free market decided, bitch! Deal with it!
>>81412965
>house sellers
>white
lol, pick one, gwei-lo
>>81410398
Hurry, sell your house for three mil before the bubble bursts!
I'm kind of in the same boat. Most of the street I live on is owned by chinamen and rented out to locals now. They overpay for the houses, so real estate here is more expensive in general now. Most people can't afford to live in the new houses being built, either, because they're all mcmansions. I bought my house off my dad because he wanted to go innawoods once he retired, and he bought it for about 150k cuckbucks 10 years ago.
>>81411678
Absolutely not, there are laws involved here.
>>81412635
And what happens when the Australian government realises that for as long as a hypothetical war is going on, that all these Chinese people absolutely have no access to these houses?
>Tfw in the future 90% of humanity will live in tiny sheds, 9.9% will live in regular homes and .1% of people will live in gigantic mansions and own 50 or so other homes
I hate the future.
>>81412657
The chinks aren't supposed to have a lot of money when they work for gov't. Buying a house in Canada isn't going to be monitored by the Chinese gov't.
CHINESE EXCLUSION ACT NOW!!
>>81413015
>this entirely legal problem would not exist if western governments hadn't bent over backwards to make things legal and easy for rich foreigners
no shit?
>>81413015
we actually had a referendum here on asset sales. came back something like 90% against. government did it anyway
>>81413040
>free market
>Central banking
Choose one and only one option
>>81413015
It's a fair point, but any time anyone raises something like that the politicians release their SJW stormtroopers to scream RACIST until everyone shuts up.
>>81412667
Other than the language, it sounds like a game of keeping up with the Jones. I'm not inclined to give a shit if someone thinks I have less than they do. I would only worry about property costs, not that I'll ever live in the city limits anyway.
>>81413015
>This would've been precluded if Western governments, like the majority of the other governments in the world, did not allow majority foreign ownership let alone complete foreign ownership of any domestic assets
Even if they disallowed it, it would just lead to a whole grey market of hiring citizens of those countries to "make" the purchase for them.
As much as I hate it, you can't legislate against fuck-rich people. At BEST you just make it SLIGHTLY more tedious for them to do their thing, and probably end up screwing over yourself in the process.
>>81413083
lets just burn them all down
>>81413015
Lots of money to be made, race war can wait. Might as well be rich to survive it
>>81412965
This, and of the 50% who are buyers, at least 25% aren't Chinese anyway. It's funny because leftist media peddles anti-Chinese sentiment way more than right winged media
>>81412972
Alright, one Chink pissed in a bin. Let's somehow feasibly deport the already sizeable and resourceful Chink diasporas in every Western country smoothly without geopolitically fucking ourselves over and crippling ourselves even more and let's contravene the highest of 'Western values (which /pol/ supposedly fights for' of the rule of law and rational thinking. Gotcha
>>81413062
>Absolutely not, there are laws involved here
kek
there have been some very suspicious transactions made, a year or two ago there was supposed to be a crackdown on the more egregious examples, but it probably continues
>>81412777
>Who could be behind this post?
Maybe if price go up more you rednecks won't be able to afford to live here anymore AHAHAHAHA
>>81413083
sounds like the past desu senpai
only 1.5million?
lol cuck sheds in vancouver sell for 2.5million now.
if you want a half decent house you need atleast 4million
>poorfag australians
https://www.reddit.com/r/australia/comments/4skho4/high_fees_low_pay_international_students_shocked/d5a1x4e
surprisingly candid thread on asians fucking up working conditions/job market for locals, when they shouldn't even be earning their living here on a student visa.
>>81412849
There are countless threads all the time about how Asians are the best immigrant
>>81410398
fucking chinks
>>81413185
Frankly there's worse minorities. The only reason people are pissed is because of the massive influx of Chinese cash driving house prices to insane levels (houses that went for $200K 20 years ago are going for $1.2M now, no exaggeration at all).
>>81413299
Kahn was a refugee from a FUCKED. UP. WAR who came here with nothing and managed to reach a comfortable middle-class life.
The chinks buying up these houses, however, are white-collar criminals stealing fucktons of money and parking it in real estate purchases in other countries.
>>81413146
Why are they paying 5 times the amount of the house and wasting money, though?
Also, if they just leave the house there without selling it then they aren't actually able to use any of the money.
>>81410836
stfu chink
>>81410984
This.
Mainlander Chinese are at the very base level infatrusture thieves.
They don't move out to country towns and buy them up, they go straight for the centre of cities.
Therefore taking all the benefits of highly concentrated infrastructure like trains, roads, subways, proximity to government buildings, schools, parks, shops, established services, hospitals, power grid, sewage, mains water, gas supply, fire protection and assessment, stable insurance premiums, capital growth, kudos and prestige, culture and entertainment.
That's what they are actually buying not dirt. Free Access to all these that our forefathers slaves away for.
Remember this next time you are all sitting in your suburban shithole in boredomville some chink thief is watching opera in a theatre your taxes pay for before going home and filling out sewage system with his foul shit.
FOR FREE
>>81413015
What's the problem, though? Just build your own house if you can't afford to buy one.
>>81413206
Do what Malaysia does. Proxy buying in a grey market for rich foreigners gets you landed in jail.
>>81413152
Yes, but everyone here is focusing on the buyers, and not everyone down the supply chain and the enablers of the supply chain in the first place
>>81413413
Or it's because the vast majority of Chinese-Australians are not complicit in this bullshit and only a tiny minority of recent extremely rich migrants are while for, let's say, Muslim Australians, the vast majority tacitly support Sharia law and other regressive ideals as indicated by Pew Research
>>81413368
and dogshit is less objectionable than human, do I want it in my house? no
>>81413299
GOT-DANG IT KHAN! I'M GOING TO KICK YOUR ASS!
>>81413230
Yes deport ALL the chinks.
>>81413508
Two things
1. They feel that property won't lose value in the long run, and it will always go up or be protected against from loss of value. Most of their idea is from the Chinese government propping up house prices and they think the Western governments will do the same.
2. They feel that there will be another guy left to hold the bag later, basically there will always be a buyer at an even greater price. This buyer of course, would have to be Chinese.
>>81413722
>and it will always go up or be protected against from loss of value
This...sounds wrong, actually. What happens if these markets start crashing?
>>81413352
Same thing in vancouver.
They buy houses to get citizenship. Then go to the universities at reduced fees (like 1/6th of normal foreign tuition) all while their rich chink parents report no taxes here.
Now the universities are 90% asian and flood the market fucking over the natives
>>81410398
China is in economic collapse. Their government forbids them from owning foreign investments with the exception of real estate, hence all the wealthy gooks buy up real estate in Canada and Aus where they know there investment is safe/stable/secure.
It does us no good really. Sure your house value goes up 5x, but that is not money you can access and it just hurts future generations trying to enter the market.
Also my property tax is $2500 annual kill me.
>>81411719
nigga the made in America stickers are made in china
>>81413508
They need somewhere to put money, the chinese communist party is cracking down on corruption and they're scared of losing everything
>>81410855
>unemployment going up
>housing prices going up
Oh god why are governmental elites letting this happen?
>>81413817
People have been screaming "bubble" in vancouver and toronto for 20 years now.
Homes aren't overvalued. There is literally an endless supply of chinks willing to move here and buy million dollar houses
>>81414012
where the FUCK are 90% of people supposed to live then
>>81412408
>spend life savings shorting Aus housing market
>hope for a large recession in next 2 years
Either you're still a poorfag or loaded.
>>81414012
>Endless supply
There's never an endless supply. Eventually some chink will buy a home for 12 million and offload it onto the market hoping for a return, no one will buy, and the home will drop considerably.
>>81414088
>Kids these days are just lazy.
>>81413587
The land is expensive not the house you idiot
Land = 1 million House = 200K
>>81413913
Where do you live? my property tax in vancouver is $8000... and it still hasn't nearly kept up with the equity I've gained in my home lul
china is not in economic collapse at all though. They are still experiencing strong growth and the assets markets their have corrected themselves since jan/feb
>>81414088
The rich and their politicians don't care.
>>81412179
>>81413557
Great posts lads
>>81413165
>we actually had a referendum here on asset sales. came back something like 90% against. government did it anyway
Same shit here. Our government holds us in contempt. Any infrastructure we build gets sold sooner rather than later, we contract out to foreigners instead of going local, we buy foreign materials instead of using locally made ones.
We just found asbestos in a children's hospital in Perth that we *just finished building*. The culprit? The cheap Chinese roof panels. They could have bought them from someone local like Bondor but went with YUANDA shit to save a few bucks. Not that there'll be any consequences, the chink that scammed us has no doubt already spent the cash buying aussie property nearby.
>>81413997
They're just not paying attention. No ill will involved, I'm sure.
>>81413817
Well they are kinda fucked. It would depend on whether they need to liquidate or not. Since most of these Chinese who move to the West have no real skills to work or anything, they have to depend on their embezzled or laundered money to survive until they die. So if they don't need the money, they are ok with sitting on it. If they need the money, they will liquidate. But you have to remember to that 99% of these money used to buy the houses are NOT made from revenue from their businesses, most likely it's either loans from the banks they have no intention of repaying, or laundered from bribes and favors. So they don't necessarily see it as their own hard earned cash getting burned away either.
>>81414088
Its turning into some third world shit.
The core city/downtown is just 80% unoccupied apartments and houses owned by millionaire/billionaire chinks.
The working class people commute 1.5-2hours each way into and out of the city to work there because they cant afford to live in it.
>t-t-thanks b-boomers
>>81410855
>Calgary
I dont think the Albertastan Sultanate will stand for a chink invasion
>>81413913
Our property tax is $9K. Shitcago
>>81414088
A one room Condo, for only 300k!
>>81414012
Prices started to dip in concert with the US housing market in '08, but the emergency interest rates managed to stabilize them here where they didn't in the USA.
Then the rush of Chinese cash for the exits ballooned.
Nothing lasts forever, but god only knows how long this will actually go on. I have zero doubt there will come a day when things change, because things always do. It all hinges on what happens in China.
>>81414088
Maybe you can not live in the latest greatest apartment in the biggest city and work your fucking way up?
You millenials are fucking entitled as shit. Go work in a different city if you can't afford the city you currently live in. If you can't afford to live in any city, then move to the fucking country and work your way up. Worst case scenario, you probably have dual citizenship so you can go to your parents' home country to accumulate some wealth.
>>81410398
Corrupt chinks scrambling to hide their bribe money abroad at any cost before shtf in China.
I can't wait for the worldwide financial meltdown, we all need a reset.
>>81414088
They're expecting the locals to live 5 to a room like they're mexicans/phillipinos or something
>>81411733
>you can sue them for devaluing your property with nuisance plants and poor maintenance.
>Successfully suing chinks.
Those Chinese didn't get get all that money by being honest businessmen I can tell that right now.
>>81414135
It may cap out at some point...
But isn't china minting a dozen new millionaires every day or something?
They are a country of 1.5billion still experiencing insane economic growth.
as far as cities with 1million population and a very limited housing supply, there is a de-facto unlimited supply of buyers
>>81414147
>>81413206
If you're really feeling tin foil hatty, read "Slaughter of Cities". It details how Catholics in the early 20th century, threatened by the influx of Protestants and their separate communities with separate power bases used "block busting" to break up these neighborhoods and send them to the suburbs. Blockbusting was buying property for a black person by proxy, and once they moved in the community panicked and left.
I still can't decide if I believe it, but it has good primary sources.
>>81414422
This is what people in NYC and SF have been doing for a few years now, yeah. Even the programmers making $100k/yr starting usually need at least one roommate.
>>81410398
It's a bubble, bub.
>>81414402
>You millenials
>Millenials born from 1980-2000
>implying you aren't
shoo shoo, chinky
>>81414547
Yeah I'm sure China will run out of people any day now.
>>81411144
Money laundering
What else could it be when you show up to buy a $150,000 run down bungalow with a suitcase full of $1,500,000 in cash?
BC govt was investigating this and possibly could have seized the houses and chink money but the federal government just said they were being "racist"
Sell the house for the ridiculous price, move somewhere the prices are low and retire early.
Have a large family if you wanna be a white nationalist. Buy a bunch of slum apartments and rule Muslims like their god if you wanna invest.
>>81410398
The translator keeps going up because they earn more in commission that way. Chinks are known for shady deals and lack of honor in contracts of any sorts.
>>81414468
Then the price will go up until the millionaires can no longer afford it. Price will always cap out somewhere
but in any case. The current trend of globalism disgusts me. I would like to see it all crash and burn.
>Chinks
>People
Choose one.
>>81411377
lol, The area around Lake Chapala, in central Mexico, is home to the largest North American expat community in the world perfectly legal for foreigners to own Mexican real estate, including land and properties ( homes ).
>>81414537
Don't you mean Protestants threatened by Catholics?
>>81414389
In my opinion the only thing that could change it is the government outright restricting foreign ownership, or SERIOUS foreign withholding taxes, say at like the 30-50% level.
>>81414601
That has nothing to do with what I said, but thanks for playing. Go investigate our housing bubble and try again.
>>81414630
We're not burnt out hippies that inherited the Earth and gave it all away.
>>81412757
T. Xuan
Seriously, fuck off i hate you and your people more whenever i read stories like OP
>>81413206
This is already happening, according to stats only 5% of buyers in Vancouver are Chinese, but that's obvious bullshit to anybody who actually lives there
>>81411642
what if you like their culture and mentality more than your own country?
Like if Russia ever became stable i would move to Moscow in a fucking minute. I love that place i wouldnt miss this hole at all.
>>81414754
He's just projecting more of that soulless chink morality.
>>81410633
Yep. Live in Alberta. Economy tanks because lol oil isn't the forever money tree. Housing prices don't go down. Chinese buying the houses.
>>81414604
The banks in China are trying to get the money back too. Either way, it doesn't seem like these launderers have any place to run anymore.
http://www.theglobeandmail.com/real-estate/the-market/chinas-citic-bank-tries-to-seize-real-estate-assets-in-canada/article30637786/
>>81414766
ya, until the globe and mail did an investigative report and found 80% of homes in vancouver were bought by chinese and they were all payed for in cash.
My favourite stat of the report
>syrian refugees have both reported more income and paid more taxes in their first 2 years in canada than business class immigrants from china
>>81414548
I was born in those years but I don't consider myself a millenial. Instead of complaining about equality or how hard I had it, I started working. Got $5,000 saved up and I am in my first year of uni because I started working years ago while at school.
>>81411737
Just tell the cops youre gay and polygendered and youre being discriminated against
>>81414766
>according to stats only 5% of buyers in Vancouver are Chinese
kek, almost every study is like "nothing to see here goy ~ Signed Realtor's Association"
>>81414899
>http://www.theglobeandmail.com/real-estate/the-market/chinas-citic-bank-tries-to-seize-real-estate-assets-in-canada/article30637786/
jesus fucking christ.
the chink just took out a 8million dollar loan, bought a bunch of houses and peaced it? lmfao
>>81411464
only in auckland.
im fukt when my boomer parents decide to cash the family home in.
>>81414932
>Got $5,000 saved up
>$5,000
>>81414412
>>I can't wait for the worldwide financial meltdown, we all need a reset.
and I bet you poor cunts think you will be the ones "taking back" your country from the shitskins right?
who do you think will fare better the tyrant with money and power or the poorfag living out of a shed?
>>81414822
>Moscow
>I love that place
Disgusting leaf.
>>81414766
Those stats mean 5% Chinese nationals. Once you're a citizen and buying property using Uncle Wei in Guangzhou's money, you're not a Chinese or foreign buyer.
In fact suggesting that you be counted as one is literally Hitler.
Count that shit and you'll be looking at probably 50+%
>>81414893
We need to tell these chinks to fuck off.
>>81415049
The person with the gun, the numbers, and means to use it will "win".
>>81411712
Enviro laws
all that land is reserved for the endangered sacred local wildlife like: Moose, Deer, Bears, First Nations, etc.
http://www.baka.com.au/world/australian-backlash-pushes-chinese-property-investors-to-us-report-20160516-gowmdc.html
prepare your anus, burgers
>>81415041
Tell them you want an early inheritance or you have no choice but moving far away and they will end up in an old folks home. That's what I did. I'm getting cash to buy a house before they die.
AND IT'S ALL SOLD SOLD SOLD
YOU'VE BEEN SOLD DOWN THE RIVER
>>81411464
> Mass immigration and not enough housing tends to drive the prices up.
As well as the over abundance of capital, especially dirty capital. Assets and houses will keep going up as long as there's cash to buy and sell them with even way past the price locals can afford to pay. That's also why you see so much over-evaluated stocks and buyouts like the facebook instagram deal.
Why take the risk of making productive investments when the value of any shack increases 10% a year without doing anything.
We pretty much need a meltdown to erase all this magical money. There's too much of it.
>>81414932
>>81415043
>$5000 in povodollars
christ m8, I've got more than that and most of it is from neetbux
it's not exactly impressive, and it's a paltry sum of cash to start saving for a deposit on a property
>>81414904
Richmond B.C. is classified as being low-income according to statscan. Apparently all the mansion dwellers have almost no reported income :^).
http://www.vancouversun.com/business/Part+Ritzy+Richmond+neighbourhood+where+many+poor/11136169/story.html
>>81410398
It's just capital flight out of China
Chinese markets are volatile, banks are facing incoming mountain of defaults. Also, every wealthy entrepreneur in China has a political patron in the shadows, but because a new political faction (Xi's faction) is on the rise, those old government connections are now in jeopardy, and many wealthy people are in danger of being found guilty of corruption along with their political patrons. As the factions inside China fight each other to gain supremacy, the possibility of total confiscation and even death is very real for the rich and well-connected.
The safest thing to do right now for many wealthy Chinese is to quietly move their wealth and their families abroad. Buying companies, buying property, buying anything even at premium with potential future depreciation is a far better deal than losing it all or having you and your family locked up and maybe even killed.
t. Chinese-American with family in China, some of whom are multi-millionaires
>>81412382
damn do you guys do this in Vancouver?
If you do im gonna be living there for awhile i could help
>>81415043
That was working at macca's while owning my own car and driving to school each day. It's a good start on a house deposit considering I haven't even started working in my major's field (Computer Science) yet.
>>81415165
Link doesn't work.
>>81415043
>>81415262
its not all milk and honey in godszone you judgemental fucks
>>81415073
we've got the same thing, a study found 3% of houses sold to chinese investors. because they *forgot* about people here buying houses while on student visas, people buying while on holiday, and they used stats for the entire country rather than just auckland
it was such embarrassing statistical chicanery that everyone pretty much openly discarded the report
>>81415250
My home in vancouver has done 20% per year for the last 10 years.
Down Jones has only done 7% per year over that time
>>81411712
Most of Australia and Canada are fucking uninhabitable.
Take away the harsh wilderness and abbo land and you are at the same as us.
>>81414932
>$5000
>first year of uni
>>81410398
You are in a real estate bubble. It will popsoon. Adjust your portfolio accordingly.
Sell your house now to profit from this dumb ass bubble.
remember, Australia is running out of land! It is certainly at a premium there!
>>81412770
>this
BC MUST REMAIN A WHITE MAN'S COUNTRY!!
FUCK THE CHINKS AND FUCK OTTAWA!
>>81415309
>Chinese
>Quietly
Nice joke Chang.
I'm making a petition, what should the topic be relating to this issue?
>>81413178
Hell even when a city/provincial government does it
>>81415262
>>81415372
I've got many, many times that, already been to school, and I couldn't buy property if I begged for it. And I live in the South, where shit is still cheaper.
Nigger, you just don't know.
>>81412770
>>81415466
>>81415327
baka = S M H
>>81415459
Politicians and boomers are riding this gravy train as well. They're doing everything thye can to protect it.
There wont be a big pop, It might drop 10-15% but that will just be the new plateau.
>>81413206
you could just have hella hard punishments
anyone buying for a foreigner gets executed for treason
just bring back treason as a law
>>81415597
>1879
Better days.
>>81415297
When I was driving on No.4 road the other day I saw nothing but BMWs and Mercedes, guess they must have found good deals on all those luxury cars :^)
In all seriousness that article is fucking enraging.
I am probably going to go to chinkmond tonight and slash a bunch of tires
>>81414932
>I was born in those years but I don't consider myself a millenial.
I love how millennials have a habit of using "millennial" as an insult word without realizing that they belong in that generation too. And once they get confronted about it, they always showcase denial.
Also, you're proud of having $5,000? Are you for real? And holy shit, it's even worse after looking into conversion rates and checking out how much that is in US bucks.
>>81415466
>white man's country
>hongcouver and Torontasian
HAHAHAHAHAHAHAH
>>81415754
Slash a couple extra just for me.
>>81414932
>Got $5,000 saved up
Fucking kek I'm sure you'll be buying a house in no time, maybe in 10 years you'll be able to make a down payment
>>81413299
Khan was not Chinese
Unless the common man stands up against the financial ruling class, our societies and cultures will be utterly destroyed. Tower of Babel.
They need to ban dirty foreignors from owning land. Wanna own land? Be a citizen and live here. If that doesn't solve the house prices, put a damn cap on em. Sure, that might fuck up the economy in other ways, but it'll stop the runaway inflation.
>>81415309
Chinese government has begun taking steps, in recent weeks to tighten up the volume of money going out. It's very much on the radar of the Chinese community.
are chinks human?
>>81415788
>>81415874
Give the kid a god damn break, atleast he's trying.
>>81415812
That article about chinkmond being the "poorest" city in BC despite all the homes being worth millions has fucking enraged me. I pay taxes out the ass to pay for our medical and education system and they don't contribute a god damn cent.
If the government isn't going to do anything to correct property prices then I will
>>81414932
>Got $5,000 saved up and I am in my first year of uni because I started working years ago while at school.
HAHAHAHAHAH
oh god
A whole 5k saved up, huh? Good for you, little buddy. Why don't you make a list of all the things you can buy with that money, then cry into your beer because you worked your ass off for the last four years and can just barely afford an '07 commodore with 350k on the odo and no rego.
Though I guess you don't need to buy a car when you can just borrow one off of daddy.
>>81416073
No.
>>81416073
You decide
>>81415979
>Wanna own land? Be a citizen and live here
So that way we get a richer class of chink that can afford to effectively buy their citizenship or send their kids to obtain it for them
>>81416143
Give it your best anon.
>>81415874
>>81415788
>>81415262
I'm not trying to get on the property ladder in the middle of the city. I'm going to move to a small town first. Because my major (Computer Science) is in demand, I could just work from home anyway and save up mad cash.
I'm a mainland chink living in Mississauga AMA.
Moved here when I was 5.
>typically chank cycle when coming here
>parents worked until they could buy a house
>bought a house long time ago
>they now make more money than the average white family despite going to Uni again upon coming here.
What happened with the white race?
>>81415399
> My home in vancouver has done 20% per year for the last 10 years.
Holy fuck, leaf. When you look at the trouble it is to open and manage something like a restaurant, hiring people, dealing with customers, paying a shitload of taxes,... why bother any more.
Credit rating is the new wealth, as long as you can borrow to buy at any price, you'll find some fuck to rent your property that will pay your credit. There's no telling how much longer it will last.
>tfw my chink landlord has been at my house for the last week doing '''''''''''repairs'''''''''''' and trampling all over my veggie garden
>>81416249
>computer science is in demand
that's pretty funny, I thought New Zealand had plenty of Indian immigrants too...was I incorrect?
>>81416315
You're french, you should now.
Piketty gets a lot of hate on here but it's exaclty what he predicted.
Capital is the name of the game
>>81416348
This isn't what we're talking about, this is chinks buying luxury housing and frequently not even letting them out, as revealed by analysis of water usage
>>81416311
We got outjewed
>>81416371
Immigrants are only a problem in Auckland, which is like 50% white at most, but has a third of our people, so practically all the foreigners live there
>>81416311
>fled to a white country because my home one was fucking shit
>wow white people get it togehter xD
>not living with your parents forever
>>81411719
The housing market in China is pretty crazy and prices has been going up since 2005. Smarter chinese sees this opportunity and made shit loads of money.
>>81415309
Here's a better viewpoint.
How about not robbing your country in the first place and allow the hospital budget to remain untouched so everyone's lives can improve not just yours and your families.
You expect pity? Sympathy? From us?
Your ways are disgusting. Corruption is vile.
It's no surprise people wish such thieves dead.
