Shares or Property?

[Glen48]

True as long as the Aussie can get a benefit from the sale and be able to buy what is produced then it is ok but if things turn bad Chinese people will be first and we will be a poor second.
Then again if you come here with 5 Mill you can buy any thing with the Fed's ok.
Which is keeping the Aussie housing market afloat.

 

[Value Collector]

That China elite are raping the world at any expense, to get what they want to keep the people happy so the corrupt can stay in power.

Ok, I think your view of how things are working should probably be in a conspiracy theory thread too.

If you are fine with Americas Exxon Mobil owning 50% of Bass strait oil fields for the last 30 years, But would flip your lid if a Chinese company made a similar investment I think its more of a racial thing.

The fact is if you watch any financial media you will hear constant talk of companies from around the world including Australia making huge investments into china.

Large parts of the Chinese economy are foreign owned, just this morning I was reading asx listed Collins food report where they said they had 40 Sizzler restaurant franchises in china. Not to mention American majors such as KFC and Mc Donalds, not to mention American owned factories, chemical plants, transport companies etc etc all in china.

But a Chinese group want to buy an under performing Farm that's turning to weeds from lack of investment and your against it, I really can't see a rational reason why.

Who cares who the investors are, we need investment in Australia.

 

[angellicvoices]

True as long as the Aussie can get a benefit from the sale and be able to buy what is produced then it is ok but if things turn bad Chinese people will be first and we will be a poor second.
Then again if you come here with 5 Mill you can buy any thing with the Fed's ok.
Which is keeping the Aussie housing market afloat.

If that's the case, maybe you should start a farm and grow your own food instead of crying about how the Chinese aren't going to feed you when times get hard. There's ample amount of reasonably priced land for sale from farmers who want out you know.

 

[Glen48]

If you think selling Aussie property to foreigners and they take 100% of what is produced back to the home country and we get the government imposed duties only is ok, that is your opinion.

I can't see hungry and unemployed people wandering around a dairy farm watching all the milk etc being shipped out.

 

[angellicvoices]

If you think selling Aussie property to foreigners and they take 100% of what is produced back to the home country and we get the government imposed duties only is ok, that is your opinion.

I can't see hungry and unemployed people wandering around a dairy farm watching all the milk etc being shipped out.

First of all, your argument is hypothetical in regards to the Chinese selling 100% of the produce back to China. Second of all, you do realise you will be hungry anyway if locals do not want to till the land. Again what is your point?

 

[Glen48]

Just wondering why overseas countries have rulings regarding foreign ownership, like not being able to buy land unless it is in the countries interest such as keeping the building boom going or foreign owners are not allowed to own more than 40% of their own business.

 

[ROE]

If you think selling Aussie property to foreigners and they take 100% of what is produced back to the home country and we get the government imposed duties only is ok, that is your opinion.

I can't see hungry and unemployed people wandering around a dairy farm watching all the milk etc being shipped out.

with a stroke of a pen, the government can mandate how and what produce can be exported and fees paid
and they level the playing fields for other producers.

you are too fearful, take any change as an opportunities rather than threat and you do very well financially

My field is constantly under threat of going over sea or cheaper labour but I don't take that as a threat I take that as an opportunities for me to expand into other fields where my peers panic and cry and worry all day ..

I end up getting better job and more pay and they slowly lose their job

 

[Value Collector]

If you think selling Aussie property to foreigners and they take 100% of what is produced back to the home country and we get the government imposed duties only is ok, that is your opinion.

I can't see hungry and unemployed people wandering around a dairy farm watching all the milk etc being shipped out.

Just like an Aussie farmer, they will sell the produce to the highest bidder.

But lets say your right, and 100% of the produce goes to export, how would Australia benefit.

1, Taxes and duties
2, Staff wages paid to Australians and spent in Australia
3, Transport expenses from farm gate to port, driver wages, fuel, vehicle registrations, vehicle maintenance
4, Supplies purchased from other aussie businesses, eg, fencing, fertiliser, equipment, fuel, electricity
5, secondary processing, eg meat works etc.

Its simple business, no business gets to keep 100% of their revenue. they will lose at least 80% of the revenue to the areas I listed and probably 100 I didn't list, and these will filter through the Aussie economy.

 

[ROE]

The Chinese face the same sh*t as the Japanese did in the 70 and 80 when they bought up land, farm, mines, golf courses and Gold Coast.

The dude that run around panic make no money, the one that took on the opportunities becomes very rich.


What happen now? most of those thing the Japanese sold it back cheaper and the Aussie are laughing all the way to the bank and a long the way some Aussies becomes millionaire and billionaire.

When China hit financial crisis, the fly of capital will go back home so did the Japanese before them

you dont need to look too far, the equity market can prove that to you those who took the opportunities when there are threat are handsomely rewarded, those who flies to gold got SMASHED

 

[angellicvoices]

Just wondering why overseas countries have rulings regarding foreign ownership, like not being able to buy land unless it is in the countries interest such as keeping the building boom going or foreign owners are not allowed to own more than 40% of their own business.

By the way are you Filipino? I noticed from your account. I wonder if there are any resentments between Filipino and the Chinese considering most of your arguments are quite superficial and most of them seem filled with emotional anger of some sort. It feels like I am arguing with a racist.

 

[Value Collector]

Just wondering why overseas countries have rulings regarding foreign ownership, like not being able to buy land unless it is in the countries interest such as keeping the building boom going or foreign owners are not allowed to own more than 40% of their own business.

Mercantilism I guess.

Australia has various foreign ownership laws too, some make sense others don't. Foreign ownership is a topic that tends to bring out emotional responses, this can lead to governments bringing in laws based on fear rather than sound rational reasoning.

 

[Glen48]

By the way are you Filipino? I noticed from your account. I wonder if there are any resentments between Filipino and the Chinese considering most of your arguments are quite superficial and most of them seem filled with emotional anger of some sort. It feels like I am arguing with a racist.

No you are talk with an Australian who can express his opinion with out fear and was just commenting on the topic however if you know what the future will bring lets us know.

 

[Glen48]

Mercantilism I guess.

Australia has various foreign ownership laws too, some make sense others don't. Foreign ownership is a topic that tends to bring out emotional responses, this can lead to governments bringing in laws based on fear rather than sound rational reasoning.

True as long as it is a level playing field but fellow Aussies trying to compete against corrupt officials with tainted money in the local property market is a big ask .

However government's want the property market to stay afloat due to the revenue it brings in.

 

[angellicvoices]

No you are talk with an Australian who can express his opinion with out fear and was just commenting on the topic however if you know what the future will bring lets us know.

Sorry I asked. By the way, why are you residing there? Are you retired and married to a local Filipino lady? Or are you here in Australia with her?

 

[Glen48]

Semi retired and living alone in Australia.

 

[Value Collector]

True as long as it is a level playing field but fellow Aussies trying to compete against corrupt officials with tainted money in the local property market is a big ask .

However government's want the property market to stay afloat due to the revenue it brings in.

corrupt officials with tainted money?

What are you talking about?

 

[Glen48]

Any one in the world who is corrupt who wants in on Aussie RE.

 

[Value Collector]

Any one in the world who is corrupt who wants in on Aussie RE.

Such as?

Do you really think this is having a large enough effect on Australia's multi Trillion $$$ real estate market to be worth mentioning?

 

[Wysiwyg]

Any one in the world who is corrupt who wants in on Aussie RE.

I think you mean price manipulation. That happens when there is a rush on assets that are increasing/decreasing in value. The price extends to overbought for a top and extends to oversold for a bottom.

 

[angellicvoices]

Any one in the world who is corrupt who wants in on Aussie RE.

Mate, you don't have to go far to find corruption exists everywhere even in our own backyards. Just read the news you find it in our politicians, union officials, Councils etc. Where I live in Wollongong, ICAC even found a large part of our Council corrupt at one stage.