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  1. B

    Property crash not likely: David Koch

    You do realise that there are 20+ million people in Shanghai in an area the size of Brisbane. And while many people are paid poorly, the wealthy Shanghaiese make us look like paupers.
  2. B

    Property crash not likely: David Koch

    The UK isnt exactly a net commodities exporter.
  3. B

    Property crash not likely: David Koch

    Well the housing crash isnt here yet. I put in an offer 12% under market today and got told to piss off :p
  4. B

    Property crash not likely: David Koch

    I dont know where the maids live. I do know that the construction workers live in the buildings that they are building. You see washing hanging out on lines in active construction sites all the time. Rural farmers (semi-subsistence farming) have an income of about US$100 per annum.
  5. B

    Property crash not likely: David Koch

    And your maid gets paid $US2 per hour if she is lucky. Wages have very little to do with housing prices.
  6. B

    Property crash not likely: David Koch

    "Average" earnings are irrelevant if your target audience doesnt earn "average" wages.
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