Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (2678)	11/28/2003 9:01:58 PM
From: Proud Deplorable	Respond to of 110194

CB RE Australia rates Jim As you well know Australia is one of the few places in the world with a partially sane rate policy. The central bank has said it is concerned about consumers borrowing, which has been fueling housing construction and home prices Unlike Canadians and Americans, Australians don't want home prices to rise. In an egalitarian society with lots of land, it is perceived as a right for all Australians to own a home and not have it subject to foreign speculators depriving the citizens of affordable housing. Australians forbid the sale of homes to anyone who is not an Australian resident unless it is new construction and then most new construction is not eligible for foreign ownership. This is the one biggest flaw in the Canadian system, that in Canada you are at the mercy of wealthy non residents who run up the price of real estate to exhorbitand levels thus depriving its citizens of decent homes at affordable prices. It's disgusting. Advance Australia Fair navy.gov.au Australians all let us rejoice For we are young and free We've golden soil and wealth for toil, Our home is girt by sea: Our land abounds in nature's gifts Of beauty rich and rare, In history's page let every stage Advance Australia fair, In joyful strains then let us sing Advance Australia fair. Beneath our radiant Southern Cross, We'll toil with hearts and hands, To make this Commonwealth of ours Renowned of all the lands, For those who've come across the seas We've boundless plains to share, With courage let us all combine To advance Australia fair. In joyful strains then let us sing, Advance Australia fair.