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**N9NACzws** · 07-28-2010, 10:16 PM

Whoever said that Australia is left-wing socialist better take a hard look.

We will do with a good dose of US socialist policies like the New Deal.

Where else in the world can you find 3% interest fixed over 30 years except in a socialist country, USA.
But some people are calling it the Raw Deal because of the number of foreclosures. But Americans can walk away from a mortgage and not owe than the bank a single cents. Wow.

This is what I really like about USA. In Public, they will not admit to socialism, but in private, they want socialist policies like housing security, job stability, and still have the 1st amendment!

Stand up for USA!

Socialism? They have social security, medicare, free housing, free food etc. What is funny is Health care is universally covered by govt for all over 65 but for everyone else 85% of the population is covered by private health insurance paid for by the employers. The only people not covered are those not working and those who's companies dont provide it as a benefit. Obama was lambasted as a socialist for trying to implement some sort of universal coverage for all under 65 years of age. Looking at the US budget, too much is composed of its social safety net programs. If the US were to somehow reduce or defray its social program cost they would erase the deficit overnight and make China look poor.

RE: The number of US foreclosures is a subject spoken here at length. Remember only 9% of all US homes were affected. Of those 9%, they were a victim of 1) China buying too many treasuries making mortgage rates too low 2) Wall St CDOs that were flawed 3) Alan Greenspan's 1% Interest rate after 9/11 and 4) most importantly, over building.

Australian studies from the IPA have shown why houses in Australia, the UK etc have become unaffordable compared to their US counterparts and the answer from Australian scholars is: Prescriptive land planning. The more Australia tries to curtail sprawl the higher prices will go. In the US only California and Florida practiced this due to land constraints thus these states have very high foreclosures. Texas is mentioned in the Australian studies as the perfect example of correct land planning. Texas properties have not been affected by boom and bust cycles due to the correct land release to meet supply.

Have you seen why you can buy in Texas?
A$ 250K http://houston.craigslist.org/reb/1867202604.html

Another way to think of it is: China has driven your prices high while lowering them in the US.

07-28-2010, 10:16 PM	#33
N9NACzws Join Date Oct 2005 Posts 494 Senior Member	Whoever said that Australia is left-wing socialist better take a hard look. We will do with a good dose of US socialist policies like the New Deal. Where else in the world can you find 3% interest fixed over 30 years except in a socialist country, USA. But some people are calling it the Raw Deal because of the number of foreclosures. But Americans can walk away from a mortgage and not owe than the bank a single cents. Wow. This is what I really like about USA. In Public, they will not admit to socialism, but in private, they want socialist policies like housing security, job stability, and still have the 1st amendment! Stand up for USA! Socialism? They have social security, medicare, free housing, free food etc. What is funny is Health care is universally covered by govt for all over 65 but for everyone else 85% of the population is covered by private health insurance paid for by the employers. The only people not covered are those not working and those who's companies dont provide it as a benefit. Obama was lambasted as a socialist for trying to implement some sort of universal coverage for all under 65 years of age. Looking at the US budget, too much is composed of its social safety net programs. If the US were to somehow reduce or defray its social program cost they would erase the deficit overnight and make China look poor. RE: The number of US foreclosures is a subject spoken here at length. Remember only 9% of all US homes were affected. Of those 9%, they were a victim of 1) China buying too many treasuries making mortgage rates too low 2) Wall St CDOs that were flawed 3) Alan Greenspan's 1% Interest rate after 9/11 and 4) most importantly, over building. Australian studies from the IPA have shown why houses in Australia, the UK etc have become unaffordable compared to their US counterparts and the answer from Australian scholars is: Prescriptive land planning. The more Australia tries to curtail sprawl the higher prices will go. In the US only California and Florida practiced this due to land constraints thus these states have very high foreclosures. Texas is mentioned in the Australian studies as the perfect example of correct land planning. Texas properties have not been affected by boom and bust cycles due to the correct land release to meet supply. Have you seen why you can buy in Texas? A$ 250K http://houston.craigslist.org/reb/1867202604.html Another way to think of it is: China has driven your prices high while lowering them in the US.
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