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Comment by hguhghuff | Hacker News Reader

Those who hope for high house prices downvote - they know their paper wealth depends on the Chinese keeping house prices propped high.

Those who feel Australian society ruined by the housing obsession vote back up.

Nice and simple.

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I can't downvote, but I hope for high house prices. What do I do?

You look into you heart and know that we're selling everything valuable in Australia to China. Our houses, our farmland, our infrastructure, our natural resources. Everything must go.

That's not living, it's not a society, it's not a future for our children, it's just self interest and greed.

If you have integrity then you stand for what's right, if, like half Australia, you depend on this corrupt system, then you keep nice and quiet.

I would agree with the "simplistic view" comment, except for the fact that I live here and have seen it happening for at least the last decade. Foreign investors are literally buying up streets of houses, without regard to the price; Chinese companies are buying up as much farmland as they can; Adani is trying to mine as much coal with no regard to the environment while getting billions in Government assistance; and don't get me started on all the Chinese buying up as much baby formula as they can and sending it back home to their relatives.

There's a difference between immigrating to a country because you want to live there, and immigrating to pump it for its resources until it runs dry.

Those who think that Chinese investors are only one part of an incredibly complex issue don't vote you up or down.

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