Quote:
Originally Posted by xax2
Since the end of the mining boom, the Australian economy, particularly on the East coast has been propped up by a construction boom, much of it townhouses & apartments. Many of these townhouses & apartments have been purchased by 'mum & dad' investors...those rotten people trying to get ahead in life...without all this building, our economy would be going backwards because we don't manufacture as much here any more. Without investors to buy much of that construction, it probably wouldn't get built.
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I came back in to have another whinge because what you said just makes me cranky.
"propped up" the australian economy indeed.
You (sarcastically) say that mum and dad investors are rotten people trying to get ahead in life but that's exactly what they are. What a lazy way to try and get ahead in life. Creating an epidemic where people come and snap up all the houses which then makes them more expensive and it's a vicious cycle where they keep getting so much more expensive until people either can't afford their mortgage anymore or can't afford to buy a house at all.
Buy a few and then sit back for a few years while the market continues to inflate as people thrash like piranhas in a feeding frenzy to grab hold of whatever is left. No different from those assholes who take more than they need from the grocery store shelf when there's bad weather on the way. No care or consideration for what they're denying from others as long as they have more than they need.
It's a perfect example of the average lazy aussie - wanting to get ahead without doing a damn thing, just climbing up off the backs of others.
Ironically..... there's another thread here called "Australia - No Infrastructure" about how Australia doesn't have the ability to create awesome things. It's because we're lazy assholes who want maximum profit with no effort, and at any cost... even if it means stiffing every generation who is born after yours.
Now it sounds like the economy is ****ed and the banks can't move left or right without the whole bloody country falling down. Great job! Looks like the propping up worked a treat!