Australians swoop in on U.S. foreclosures

[mawilson 2,133]

Strict government regulation and a large stimulus at the right time helped them surf the Tsunami. They have illustrated their approach work by not having a single recession since 1988. Quite a simply strategy too, kick out or jail and wall-street type reckless crooks.

You have to keep in mind, house prices are not what drives Aussies or the country. Their focus is on Q.O.L and so forth. The house prices are simply a byproduct of people wanting to move there and the country's overall prosperity.

Fact is, had the US had in place Australia's rules [laws], the current crisis would have been avoided. Had the US utilized Australia's policy towards illegal aliens and immigration is a whole, a majority of average Joe workers here too would be earning a decent salary. The average Joe there does not have to compete with GondzalezMonzales for $6 an hour work. Supply and demand 101. Now add in the $14 plus minimum wage and their prosperity makes a lot of sense.

Who loses under their system? The megawealthy, hence why Murdoch packed up and joined the crooks in NYC. They're not spreading the wealthy at all there, they are simply demanding Australian workers be paid a legitimate [livable] base salary for their work.

I don't buy the Australian prosperity story, if the minimum wage is $14 and "you are looking at

$1.3 million for a home within 5 miles of Melb or Sydney".

$14 an hour, 8 hours a day, 7 days a week, 52 weeks, you get $40,768 before tax, or $34,987

after tax ($2,916 per month.) What kind of home can a minimum wage earner afford over there?

Certainly not a million-dollar one.

[Kathryn41 3,205]

Please do not continue the bait and personal attack posts that have permeated this thread. Make your points about the topic, but stop the personal attacks - and stop the baiting.

[Heracles 417]

I don't buy the Australian prosperity story, if the minimum wage is $14 and "you are looking at

$1.3 million for a home within 5 miles of Melb or Sydney".

$14 an hour, 8 hours a day, 7 days a week, 52 weeks, you get $40,768 before tax, or $34,987

after tax ($2,916 per month.) What kind of home can a minimum wage earner afford over there?

Certainly not a million-dollar one.

Of course not and people do rent. Rents are actually cheaper than here, because you have negative gearing over there.

That's minimum wage, what happens to wages when there is a demand and the supply is low? What do you think is going to happen to college education once more and more people take this up here too?

Salaries over here will never increase, considering there is a good 400 million people bellow the country that can literally walk into the country as they see fit. Once in, they can operate just like every red, white and blue America. Remember the chart we looked at a while back which stated wages had flat-lined for decades here, funny how the same cannot be said about AUS.

[spookyturtle 9,465]

Private sector is indebted because of the cost of purchasing a house. Anyone who has purchased a house after 2006, will be paying through the roof. At a price that now makes even London look cheap. However, considering unemployment is low, demand is still strong and they have a bucket load of resources, I think the high prices are going to stay.

Think about it, look at where they are, when the rest of the first world is suffering. Where do you think these prices are going to go, when these countries begin to recover?

Matt85 on here said they would fall a while back, yet the have only rise since then.

.

Not owned at all, you have some idiotic and werido bone to pick and get a kick out of someone [anyone] disagreeing with me. They could reply with a period, yet you will claim they 'owned' me.

Who else follows a person around on a forum? Seriously, what is wrong with you? Get over it.

The question is, what is wrong with you, supposedly married to an American woman yet spend all of your time bashing and disrespecting her country. I don't know anyone who would tolerate that behavior or be arrogant enough to do it 24/7 as you do. Not a reflection on me my friend, it's a reflection on you and your supposed spouse.

[spookyturtle 9,465]

So where can I sell this valuable Aussie trash?

Spooky. That was copyrighted material. But, OK, I give you permission to re-post it.

It was great material and I gave you full credit. It was an excellent post and a most diplomatic response to someones nonsense.

[DEDixon 39]

No doubt, they sure are.

[spookyturtle 9,465]

I wonder why this thread wasn't deleted too?

[Gary and Alla 3,694]

You have to be able to afford to buy, before you can think about selling.

You're not dealing with some shitty ex-Texan / poor Ukrainian here bud.