Comments on: Australian Real Estate Prices Are Inflated By Money Laundering, Hears The Senate https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/ Canada’s Fastest Growing Real Estate News Source Fri, 12 Nov 2021 17:06:37 +0000 hourly 1 By: Edward https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76506 Fri, 12 Nov 2021 17:06:37 +0000 https://betterdwelling.com/?p=18759#comment-76506 Now that the government have siphoned enough black money to power its ‘economy’ over the past 12 years, are we finally doing something that would tackle black money?

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By: Ben https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76459 Wed, 10 Nov 2021 21:41:04 +0000 https://betterdwelling.com/?p=18759#comment-76459 By the time you have saved enough for a down payment, the prices might be even higher.

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By: D https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76458 Wed, 10 Nov 2021 21:39:45 +0000 https://betterdwelling.com/?p=18759#comment-76458 In reply to Jamie.

Thanks to high cost of living, expensive everything, the vast majority of plebs have their wealth in their homes or underfunded pensions/retirements. When the everything bubble crashes the bottom 95% will have nothing except the shirt on their back!

You can hardly find canadian data about canadian household wealth because they obfuscate everything here but in america you have a plethora of information about american household wealth via federal reserve data and half the people there have squat. Probably worse here.

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By: D https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76457 Wed, 10 Nov 2021 21:35:27 +0000 https://betterdwelling.com/?p=18759#comment-76457 Make it law that only Canadian CITIZENS may be able to purchase homes or companies that operate in Canada (have an office with workers) and pay tax to provincial and federal government. Ban foreign ownership if they dont have citizenship. Ban outside corporations like blackrock and blackstone from owning real estate if they dont have an office here. Ban the ability to buy citizenship. Its so easy to fix these problems but the aristocracy here stand to lose personal millions in bribes from foreigners and criminals.

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By: AtroubledCanadian https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76448 Wed, 10 Nov 2021 17:38:00 +0000 https://betterdwelling.com/?p=18759#comment-76448 In reply to Sam Huizenga.

Don’t worry, Bill Blair’s on the case. It’s only been 3 years you’ve got to give him some time!

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By: Trader Jim https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76447 Wed, 10 Nov 2021 17:36:32 +0000 https://betterdwelling.com/?p=18759#comment-76447 In reply to Charlie Lee.

Stephen had a good Tweet Storm the other day about this. He basically explained how the Queen lobbied to have royal wealth hidden from the public so as to not attract attention (so the official narrative goes). Commonwealth countries most likely were designed to conceal and hide royal wealth from litigation of their assets.

Not discounting it might be a power play against four of the Five but there’s a reason they can do that in those countries instead of doing it in the US>

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By: Charlie Lee https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76442 Wed, 10 Nov 2021 17:20:29 +0000 https://betterdwelling.com/?p=18759#comment-76442 Australia, New Zealand, Canada, and the UK are all dealing with large amounts of Chinese capital flowing into the country linked to organized crime. It doesn’t take a genius to see what’s happening here.

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By: Jamie https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76437 Wed, 10 Nov 2021 17:07:15 +0000 https://betterdwelling.com/?p=18759#comment-76437 No chance of being able to afford a home in Sydney. Tiny shoe boxes if you’re a millionaire. Sad to watch how they’ve prioritized property speculation over national health.

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By: Sam Huizenga https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76436 Wed, 10 Nov 2021 14:37:13 +0000 https://betterdwelling.com/?p=18759#comment-76436 In reply to Sam Huizenga.

And none of this is funded with taxable monies.

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By: Sam Huizenga https://betterdwelling.com/australian-real-estate-prices-are-inflated-by-money-laundering-hears-the-senate/#comment-76435 Wed, 10 Nov 2021 14:35:13 +0000 https://betterdwelling.com/?p=18759#comment-76435 In reply to Sam Huizenga.

One podcast on Vancouver talks about how organized crime in Hong Kong flooded the Canadian market with drugs, fueling an opioid crisis in the east end, and then sending their kids to live in Vancouver mansions and enjoy all the freedoms and privileges of being Canadian. What a double slap in the face…..

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