Comments by "Fumble_ Brewski" (@fumble_brewski5410) on "Why Australia’s Housing Crisis Is a Warning for the World" video.

Whether in OZ, NZ, the UK, the USA or Canada, allowing unlimited foreign purchase of real estate always results in a distorted (and unaffordable) real estate market.
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@siddhartacrowley I would imagine that, if anything, it's even worse in Europe.
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@gladiammgtow4092 Sad, but true. However, if you recall that during the 1980’s, Japan also went on a buying spree, especially for U.S. real estate. Eventually the market imploded and they were forced to sell it all back for a fraction on the dollar. Like the old saying, bulls make money, bears make money, but the pigs get slaughtered. Cheers.
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