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Thread: China's economy to grow slow in 2008
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[quote=KEVIN0518,265827]"probably just as much now as when we were poorer. Some governments in Australia have offered a toatl of $14,000 to first home buyers to help them. STUPID! As people could afford more while the number of house for sale stayed the same, house prices immediately went up by $14,000." Paul, your words sound reasonable. With the help of the government, people can afford to buy houses. However, there are too many people who want to buy houses. The supply can not meet the demand. So house prices is increasing. If we consider this problem at the stance of the government, we can understand that the government just hope more and more people to have their own houses. That is the reason why he offer some money to them.[/quote]
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