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So what's going on worldwide? Where's the Chinese/russian money flooding in or out of?

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19 minutes ago, The Crow said:

So what's going on worldwide? Where's the Chinese/russian money flooding in or out of?

Good man Crow

Ive heard its still streaming into Canada but its hearsay, i dont know the latest

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Canada advised China two years ago that due to no treaty with China the Canadian government was not able to assist in recovery of any monies coming in from China from thieves and money launderers, hence China sent in agents on tourist visas to 'persuade' those thieves to return funds to China. The canadian government found out and threw out the agents and complained to China and the thieves carried on buying $15million houses in Vancouver and leading a great life, Canada of course collects huge property tax amounts when property prices increase as its based on property value!!

 

Canada allows money laundering due to the economic benefits such monies afford the economy in taxes.

Nice for some.

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6 hours ago, Kurt Barlow said:

My 'Cant lose on B&M" Missus owns a unit in Adelaide. Paid $210K in 2011 - now worth approx $170K. 

Does she live in it or rent it out?

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3 hours ago, The Crow said:

Does she live in it or rent it out?

Rents it out as we live in the UK which means if we want to buy here and she still has it we have to pay a 3% SD surcharge😒

All in if you consider the tax relief and rents taken over 7 years she has broken even minus inflation. 

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3 hours ago, Saving For a Space Ship said:

whats the article title , so we can google it 

 

Sorry... "High housing prices signal a danger of reckoning to come"

just realised 2 months old... But still interesting

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Quote

New home sales in the US plunged in October, falling to the lowest level since March 2016.

Declines in sales of new homes were seen across the country, with big declines in the South, as well as double digit falls in the Northeast and Midwest.

Sales of new single-family homes fell just under nine percent compared to September, sinking to an annual rate of 544,000.

from the bbc....

 

volume falling everywhere

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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