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A land of fools funded by fools its a house of cards waiting to collapse still

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Post time 2014-6-3 12:11:18 | Show all posts |Read mode
As tax regimes give preferential treatment to those seeking to capture increments in land price, people will logically follow this dictate.
House building in Australia is the biggest employer without it the country would have 3 times the unemployment it has now which is not low, brickies building homes for brickies?

Originally posted by dotty
I'm sure the housing market here will cool off too. Excessive debt thus generated is eventually liquidated by recurrent periods of economic catastrophe. Whilst these financial collapses are said to be the ‘natural self-correcting mechanism of the capitalist system’, the mechanism may neither be validly described as efficient or natural in view of George’s virtually untried fiscal alternative.Land in Buderim was $70,000 two years ago, you'd be paying $160,000 minimumnow. Canal land goes between $600,000 and 2 million.381898315.Large block with views sold for 1.However in Qld its really only been going up for about 18 months.

The other school say that the speculation has produced the depression by leading to over-consumption, and point to full warehouses, rusting steamers, closed mills, and idle workmen as evidences of a cessation of effective demand, which, they say, evidently results from the fact that people, made extravagant by a fictitious prosperity, have lived beyond their means and are now obliged to retrench - that is, to consume less wealth.

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