/biz/ - Business & Finance

Australia is the best country to buy property at the moment.

> negative gearing
You can buy a property and write it off as a loss, meaning you pay no tax. You can continue to chain together buying more and more properties and never pay any tax at all.
> best money laundering laws
Australia imports thousands upon thousands of millionaires a year to keep its economy afloat, 99% of the Australian Stock Exchange is money laundering outfits (people like to say they're all mining companies, but if that were true then Australia would be exporting about 10 whole Earths of iron ore a year). The government does not really look into where you acquired the money. Being paid from the dodgiest of dodgy shell companies is perfectly fine.
>local councils decide land development
This means that there is an EXTREME housing shortage because we all know that local councils are NIMBY as fuck
>government has signed onto a fuckload of treaties that force it to take in hundreds of thousands of immigrants every month
The means the EXTREME housing crisis is going to become MORE EXTREME as the country is legally obligated by many treaties to many major trading partners to have 30 million citizens by 2030 (currently 26 million), this does not include the millions of students and temporary workers that need homes either
>every single superannuation fund is tied to a property portfolio
Every Australian is forced to pay into the retirement fund, these retirement funds aren't actually allowed to be invested in anything risky, so they're all in on property. With a rapidly aging population everyone from young to old is inherently favouring housing prices going up. Hence, if the housing bubble pops Australia is dead.

If you don't believe me just wait for the annual Budget which will be released next week. The government will absolutely not touch anything to do with housing, except increase rental assistance welfare and make it easier for poor Australians to get into mortgages.

>>58448805
Oh, and one more thing. Australian property ownership is basically a guaranteed way to get permanent residency and citizenship. So dropping US$500,000 on a property and sitting on it for just a few years will grant you one of the strongest passports on the planet and will likely net you US$1,000,000 by 2030, if not sooner.

>>58448761
>California
California is the worst place to move in, it's like living in a third world country with high taxes
Texas is the best place to buy and invest in real estate, you can check all the charts and nerd shit with Truflation but recently I read about how average real estate prices were going down in Austin, TX

>>58448807
>California is the worst place to move in, it's like living in a third world country with high taxes
literal /pol/ tier drivel
california is still one of the best places to make money in the world, and you cannot argue with the results it produces

Seattle nowadays beats out california because salaries are catching up but there's no income tax there.

>>58448805
Interesting post

>>58448761
>>58448805
>>58448806
>>58448807
>>58448839
>>58448942

I don't believe any of you have enough money to afford real state investing.

You sound like a bunch of no-coin faggot LARPers.

>By the way
>Fuck off to Plebbit

>>58450179
you only need like $50,000 to start buying real estate
that's like 7 months of saving for the average non-retarded american

>>58448805
I think i can live a higher quality life in Australian compared to the US (with good money ofcorse) and stay a lot healthier their also. i'd look into getting some properrty their myself desu.

>>58450617
I'd be concerned about the sky high cost of rent lol

>>58448806

this is what ausfags actually believe

>>58448761
Heres an advice on real state, location, location, location and location.

you get bonus point if you buy when us dollars is crashing which, according to truflation, its fucking crashing