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Mega Thread The Questions Thread - Part III

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Even investors are finding it tough to compete with the big US corporations muscling in with plenty of cash and an artificially inflated exchange rate.
Amazon having a company that tries to buy up entire towns in the US is terrifying
 
Do we still have a FIRB ?

Oh you sweet summer child.

FIRB is simply a cash grab raking in tens of thousands to several million depending on the value of the residential property. Multiply that by the 6500-ish approvals every year, they're not in a hurry to turn people/corporations down.
 

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Sorry if this is a stupid question but economics has never been a strong point of mine. On the news this morning I heard that a large percentage of 21 year olds (didn't catch the exact figure) will never own a home. Obviously the current generation of homeowners will die out. Who then owns the homes?
YAY raskolnikov IS HERE!!!
 
Sorry if this is a stupid question but economics has never been a strong point of mine. On the news this morning I heard that a large percentage of 21 year olds (didn't catch the exact figure) will never own a home. Obviously the current generation of homeowners will die out. Who then owns the homes?
In the UK large investors with dozens of properties. Large property companies buying them up.

Will happen here.
 
but thats only if they are sold post-inheritance.
If their parents use them to pay for aged care, the big aged care companies will own them.

Anglicare is big on this, not sure who else. I know people who had to take Anglicare to court to get Anglicare's talons out of their mother with dementia.
 
If their parents use them to pay for aged care, the big aged care companies will own them.

Anglicare is big on this, not sure who else. I know people who had to take Anglicare to court to get Anglicare's talons out of their mother with dementia.
yeah the biggest wealth transfer is likely not to be boomers to their kids but boomers to their private aged care provider
 

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I'm missing the reference.
When we lived in the UK circa early 2000s, he was renowned for buying up whole streets of cheap terraces with his football pay. Liverpool fans would chant "we all live in a Robbie Fowler house", to the tune of yellow submarine.


 
yeah the biggest wealth transfer is likely not to be boomers to their kids but boomers to their private aged care provider
And TBH sometimes "the bank of mum and dad" is a way to transfer inheritance - however big or small - ahead of time. If you're well off you can get that advice and expertise to dodge the financial pitfalls of aging.
 

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Are the only jobs that people from the UK do in Australia either recruiting or selling knock off tshirts outside of a big concert?
A lot of uk coppers here now as well
 
Are the only jobs that people from the UK do in Australia either recruiting or selling knock off tshirts outside of a big concert?
Working at the pub and also picking vegetables in my home town
 

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Mega Thread The Questions Thread - Part III


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