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The Forum > Article Comments > The Asians are already here > Comments

The Asians are already here : Comments

By Mark S. Lawson, published 29/4/2014

If I start talking about how Asians are everywhere and driving up real estate prices, my Korean-born wife who owns our house just looks at me.

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Another White man married to an Asian woman. The poor Asian male left to feel completely emasculated.

Oh well. Thats just the way it is.
Posted by Savvas Tzionis, Tuesday, 29 April 2014 9:24:46 AM
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My problem with the Asianisation of Australia is that the Chinese are demanding that the businesses they buy here, are manned by imported Chinese labour.
Our worthy leaders are of course quite keen on this if it brings in a quick buck and dam the consequences.
Posted by Robert LePage, Tuesday, 29 April 2014 10:17:35 AM
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The cost of housing is not due to the 7% Asian owners, but rather, a supply and demand issue, which many govts have arguably, quite deliberately created? Given that swells the coffers with stamp duty, fees and charges and GST money.
They are a bit like the slowly going bankrupt business owner, driving his customers to the competition, with too high margins. When what was needed, was much more volume!
We need to jettison negative gearing, and perhaps whack a much bigger capital gains tax on investment housing or principle residences, not held for at least ten yeas.
It just not Asian investors, massively moderating our housing market with their investment money, but Yanks, Canuks and Brits as well, and in far larger proportions?
Maybe if we took a leaf out of other books and only allowed foreigners to lease homes or condominiums for up to a maximum thirty years, we'd get a lot of this stuff coming back on the market, as this group want to be tax avoiding income earning landlords, not tenants!
And there's nothing to prevent this group from applying for permanent residency as genuine economic migrants, given they arrive with sufficient investment funds to fully support themselves!
In which case they as new taxpaying residents, can buy anything they can still afford!
Rhrosty.
Posted by Rhrosty, Tuesday, 29 April 2014 12:29:46 PM
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Bloke who admit chatting with blonde young enough to be daughter deserves severe tongue rashing from wife.
Posted by plantagenet, Tuesday, 29 April 2014 3:26:16 PM
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'I asked one of the few blondes there, who happened to be one of my daughter's friends, whether she ever felt discriminated against.'

Interesting and pertinent question. What was the reply?
Posted by Cody, Tuesday, 29 April 2014 4:08:44 PM
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Mark Lawson here

Cody and plantagenet
In fact my wife was right beside me - or at least not far away - when I asked.. my recollection is that the person in question said she didn't feel discriminated against.. I was merely undertaking research..
Posted by Curmudgeon, Tuesday, 29 April 2014 4:53:47 PM
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