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Thread: Can property tax ease the high housing prices?
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[quote=DODGER,419111]Bob, I was wondering how long it would take you to post in regards to this topic. The recent problems in Egypt, Tunisia and other countries in that region are not getting too much airplay in this part of the world; possibly too many parallels, and possibly underline some of the governments deepest nightmares. China does have inflational issues which have affected me personally; the price of beer has just been increased, and wages are being tightly controlled. Apart from increasing the basic minimum wage in Beijing to 1500 RMB a month, everything else has been capped. The vocal minority is looking for somewhere safe (safe from inflation) to put their hard earned baksheesh and the housing market is about the only place. Rental returns on investment properties just don’t add up; neither do rental rates for commercial properties. We may in fact be looking at the greatest ponzey (spelling?) scheme ever created, and when you factor in the size, and potential growth of the economy, this could go on for many many years. The latest state visit was, in my opinion something of a double edged sword, and cleverly played by the Septics. The RMB has been slowly appreciating, albeit quietly. Greg Sheridan wrote a very interesting piece in the Australian the other day, which I now can’t find. In it he talks about a couple of counties in the Pacific region and their potential growth. If you can find it please flick me a copy. Dodger. [/quote]
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