The irony is, according to my Chinese flatmate, foreigners are not allowed to own property in China (or its very difficult)... at least they protect their market while the UK whores herself to anyone who has money. The politicians know the housing bubble is going to burst one day but no one wants to deal with the inevitable, meanwhile the Russians, Chinese and anyone from the Middle East owns a lot of London. There are also media reports that London & the South East housing market is awash with laundered money.That last one happens here a lot with Chinese investors.... You'd think the housing market is being artificially propped up by lazy government here in Australia because they don't want to look into things like Negative Gearing which is a way to dodge tax
Now the housing crisis is effecting the middle classes the state is starting to show concern (Or pretending to).
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