Politics

Out of context: Reply #28958

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  • MrT1

    A sobering read on the Australia economy. This is seriously messed up stuff.

    eg. the current frenzy of apartment building: There are more cranes in Sydney (350) than in LA, Washington DC, New York, Chicago, San Francisco, Portland, Denver, Boston, and Honolulu combined.

    https://medium.com/@matt_11659/m…

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    • Who's buying?robotron3k
    • china
      ********
    • same in toronto & vancouverGnash
    • Apartments have no real effect on real estate prices though. It's a completely separate economy in itself. If apartment prices plummet, life will go on.BusterBoy
    • I didn't think it was that straightforward since so many are bought as 'investments' with equity from other properties. Dunno.MrT
    • Either way, there's way too many of the fucking things going up all over Melb & Syd especially.MrT
    • That's insane. Weird not to include Seattle in the combined stats, we have the most in the US.garbage
    • https://www.seattlet…garbage
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