real estate prices & globalisation

Just Cocky wrote:
> On Mon, 08 May 2006 08:15:37 -0500, Robert Kolker
> <nowhere.DeleteThis@nowhere.com> wrote:
>
>>Just Cocky wrote:
>>
>>>
>>>This is only a problem in socialist societies. In capitalist
>>>societies, this is actually an advantage.
>>
>>You overlook the problem of communicable diseases. If we let in filth
>
>>from other lands, do not be too surprised when the number of drug
>
>>resistant TB cases increases suddenly. Most foreigners are filthy folk
>
>>from filthy countries. They are laden with disease pathogens. Also our
>
>>own poor are a filthy diseased lot.
>>
>
>
> Bob, you are losing it, man!
>
Maybe so, but there's an unpaletable truth in it. We had a mumps
outbreak recently that was tracked to (un-vaccinated) illegals. I dunno
what the moral stand should be, but can see that if disease gets to be a
problem, the solution will partly come from the use of firearms. Risk
the health of my kids and grandkids, and I will ask you to go away; if
you dont, I'll blow you away.

Smith Rhoade wrote:
> "S. 'Trash' Ny Qui" <panno_zhai.RemoveThis@yahoo.com> wrote in message
> news:1147040877.271269.233290@y43g2000cwc.googlegroups.com...
> > Globalisation is free movement of capital and labor between countries.
> > We now see the free movement of capital, but we do not see free
> > movement of labor between coutries. If a western country opens up it
> > gates for everyone, it will be swamped with people from thirld world
> > countries. A counter-force is necessary which will keep them away. This
> > "conter-force" is high over-inflated prices for real estate. >
> > \/
> \
> V has a really interesting point, especially from his Down Under experience.
> The housing bubble there is way worse (hard as that is to believe) than in
> the U.S. Apparently mega tons of money come in from outside, and drive up
> prices.
>
> Partly this is due to the fact that the wealthy in other parts of the world
> see Australia as a place to move to, to send their kids to school, and so
> on. So there is a huge amount of foreign investment in real estate. Partly
> this is fueled by flexible immigration laws that heavily favor folks who can
> come up with $AD 750,000 for investment in Australia.
>
> Hence, prices for everything are way higher than here in the US, even taking
> the exchange rate into consideration. I don't see how anyone can make it
> there.
>
> OTOH, by and large you don't go without food, housing, education, or health
> care--the bottom is quite a ways higher than in the USA.
>
> V, all things considered (believe it or not) you are better off where you
> are.

Thanks for complimenting my posting, dahd (this is you, right ???). I
think there is another (conspiracy-like) twist why real estate became
so expensive. We are on the edge of the possible social shake-ups. The
US government cannot provide the previous high-level standard of
leaving to an average American in the new economic climate anymore. In
order to prevent possible people's unrest (revolting), the government
decided to give to majority of the people expensive pieces of real
estate (through cheap loans). People do not want to lose them. They
want the system going the same course. They will not revolt.

\/