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Comments by "" (@shauncameron8390) on "Bloomberg Originals" channel.
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Venezuela. Japan. North Korea. Switzerland.
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I presume it ran out of other people's money.
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<Canada & NZ have atleast banned foreigners buying properties,> Not really as in Canada's case, students and refugees are exempt from the ban.
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They didn't want a civil war or to end up like Zimbabwe.
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Ditto for Hong Kong, the city with the world's highest rent.
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@Carlos-kk4nw Because Canada drank the feminist and Marxist Kool-Aid.
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You're right. And you can also add ignorance, envy and entitlement. A lot of people are just plain lousy with managing what they have yet wonder why they're constantly in need. That one person having more than they can use in a lifetime is only a problem to those suffering from a major case of envy, because he isn't even close to being the problem.
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But 3rd-worlders are not as weak and entitled as 1st-worlders are. Welfare and too much prosperity made the 1st world complacent.
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Government are a reflection of humanity that elected them. Most of humanity is ignorant, corrupt and greedy.
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@CraigTheBrute-pf8zh It as in the government.
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<selling off social and public housing> Because of government mismanagement and underinvestment. Can't rely on subsidies forever to make up for all the money lost from undercharging tenants.
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Greed destroyed nothing. It's not Sydney's fault millions are happy to go there and are willing/able to pay higher prices just for the privilege to live there.
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@ColinFreeman-kh9us Coming from someone who loves envy and entitlement, you're dismissed.
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Welcome to the big city.
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Better than the equality Moldova has.
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<Investors do not care about the people or the country, just the money.> And rightfully so. They're not humanitarians. <In the US, 60% to 80% less low income housing has been built since the 1980s. It is not profitable. > And they're crime and poverty-ridden slums.
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Australia has plenty of land. Just unfit for inhabitation.
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No. Just the Western world.
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<And Government should introduce Rent Control for the low income people and build housing for low income people or make all developments always have a certain percentage of low income housing. Take out the Greed.> Rent control does not work.
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Congrats to government meddling in the housing market.
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Singapore is a city-state with no land for agriculture let alone any random person to own.
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@adoof4814 Thanks to the locals who got priced out of the cities moving in.
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@maheshdeore4010 Yes. In so a worse condition that a lot of citizens migrated to other countries.
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@greenknitter Which are little more than final nails in the coffin compared to the poor choices they made that set them up nicely for ruin.
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Thanks to high taxes and big government meddling that Canadians happily voted for if only to convince themselves they're morally superior to those Americans.
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And that's considering government owns most of the housing there.
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@mandyellis876 Family court has probably already done that. And now the father is perhaps living in a tent underneath a bridge.
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And living beyond their means. Australia has a high household debt.
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Pretty much.
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Anyone who voted Liberal.
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But government meddling made house rentals unviable.
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Not in Switzerland or even Venezuela.
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@robertdepesci3418 Venezuela doesn't have a housing crisis. It has an everything else crisis due to government mismanagement.
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How? China itself is a billionaire.
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@chris.bcfc.keeprighton.5685 That's because all the communist countries that bore resemblance to what Marx and Engels proposed became autocratic hellholes that either collapsed or adopted capitalist reforms to stay afloat.
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That what happens when you make higher education "for all."
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Only to those who don't care about their own futures to invest in it.
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Venezuela doesn't have a housing crisis. Ditto for Cuba, North Korea and Russia.
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At who's expense?
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No. It's because everyone wants to live where all the jobs, services, amenities, social support networks, etc. are at and some are more than willing to pay higher prices and/or risk homelessness for access.
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But the federal government does.
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@hellyeah1225 Year Zero, Cuban firing squads, Soviet gulags, Cambodian Killing Fields, etc.
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Maybe, buy no one has the right to either. Either produce/build or buy it.
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Interestingly, the Soviet Union and China didn't need filthy Westerner pigs to got to war against each other. Neither did Cambodia and Vietnam.
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Namely the Spaniards and the Portuguese.
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Thanks to high taxes and government over-regulation.
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Australian sellers.
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The future of government-imposed slavery?
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Women were the OG cheap labor.
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Along with those who voted for those in charge.
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