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Inflation

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over9k said:
Anyone else a landlord/rent anything out? I've got a tenant a fortnight behind on the rent because his diesel car's now costing him more than twice as much to fill up as it used to along with food, power, heating etc bills all increasing.
Click to expand...
Yeah, there's a lot of that going around. A lot that are a month out in rent seems to be the norm.
Can still afford to get high/drunk though.
Still think rents are too high and are unsustainable in this environment. Either rents need to come down or the government will stick their nose in and make a mess.
 
moXJO said:
Yeah, there's a lot of that going around. A lot that are a month out in rent seems to be the norm.
Can still afford to get high/drunk though.
Still think rents are too high and are unsustainable in this environment. Either rents need to come down or the government will stick their nose in and make a mess.
Click to expand...

some stupid stuff going on out there at the moment.

Rental.png



www.abc.net.au

$400 a week to shower in the living room as Adelaide's rental crisis deepens

What an agent has described as a "great-sized modern bathroom," one Twitter user has suggested is a "perspex sh****g cube in the middle of your kitchen."
www.abc.net.au www.abc.net.au
Unit 4.png
 
moXJO said:
Yeah, there's a lot of that going around. A lot that are a month out in rent seems to be the norm.
Can still afford to get high/drunk though.
Still think rents are too high and are unsustainable in this environment. Either rents need to come down or the government will stick their nose in and make a mess.
Click to expand...
ah , yes addictions ... something all investors should understand , and incorporate into investing strategies ( when possible )

governments stick their nose in making a mess , because they need to feel important

as to rents coming down there will be other factors influencing that , rates are liable to go up as will other utility charges , costs for maintenance/repairs ( and interest if the owner is paying a loan/mortgage on the property ) the always increasing regulations .

am not sure rents will decline in general as costs will increase , owners will tend to sell rather than wear extended losses
 
JohnDe said:
some stupid stuff going on out there at the moment.

View attachment 143385



www.abc.net.au

$400 a week to shower in the living room as Adelaide's rental crisis deepens

What an agent has described as a "great-sized modern bathroom," one Twitter user has suggested is a "perspex sh****g cube in the middle of your kitchen."
www.abc.net.au www.abc.net.au
View attachment 143386
Click to expand...
'Imagine: you’ve moved in with your partner. They’re making coffee in the morning while you’re taking a dump in the perspex shitting cube in the middle of your kitchen."

These are not John Lennon lyrics.
 
3 hound said:
'Imagine: you’ve moved in with your partner. They’re making coffee in the morning while you’re taking a dump in the perspex shitting cube in the middle of your kitchen."

These are not John Lennon lyrics.
Click to expand...

After a Chili Bean and beer session with mates the night before :sick:
 
Back in 2017, the ABC wrote that over 11% of the then estimated 10 million Australian homes were vacant.
Since the Covid pandemic, I am going to bet that the number has increased.
Many regional towns and cities have had prices driven up by city based folk looking to get an escape property because house prices are a fraction of what they are in inner city areas.
I have witnessed the phenomenon in our town with so many absentee owners.
Rents will never come down when
(a) people can make a motza on Airbnb
(b) people are not prevented from owning more than one house which is not rented out at least for 9 months in any year.

In the the article quoted above , the following statement is attributed to Chris Bowen
Federally, Opposition treasury spokesman Chris Bowen recently backed a standard vacant dwelling tax across all the nation's major cities.
Click to expand...
Be interesting to see if the Albo government copies the Victorian model.
According to the same article
The new policy is geared towards Melbourne's inner and middle suburbs. It will not apply to holiday homes, city units used for work, deceased estates or homes owned by Victorians who move temporarily overseas.
Click to expand...
Don't know why it does not apply to all properties, but I guess a lot of the members in parliament have a holiday house or two.
Mick
 
mullokintyre said:
Back in 2017, the ABC wrote that over 11% of the then estimated 10 million Australian homes were vacant.
Since the Covid pandemic, I am going to bet that the number has increased.
Many regional towns and cities have had prices driven up by city based folk looking to get an escape property because house prices are a fraction of what they are in inner city areas.
I have witnessed the phenomenon in our town with so many absentee owners.
Rents will never come down when
(a) people can make a motza on Airbnb
(b) people are not prevented from owning more than one house which is not rented out at least for 9 months in any year.

In the the article quoted above , the following statement is attributed to Chris Bowen

Be interesting to see if the Albo government copies the Victorian model.
According to the same article

Don't know why it does not apply to all properties, but I guess a lot of the members in parliament have a holiday house or two.
Mick
Click to expand...

The problem with the surge in city folk buying a house in rural areas is the reality of living in rural towns typically doesn't end up being anything they want so they rent out their place thinking they will get some nice country folk paying down their investment.....in 2022 it's more likely to end up a meth cook-house.

I can actually remember councils selling rural house blocks for $1 just to get people to live in the towns.
 
3 hound said:
The problem with the surge in city folk buying a house in rural areas is the reality of living in rural towns typically doesn't end up being anything they want so they rent out their place thinking they will get some nice country folk paying down their investment.....in 2022 it's more likely to end up a meth cook-house.

I can actually remember councils selling rural house blocks for $1 just to get people to live in the towns.
Click to expand...
The houses are not being rented in my area, they just lie vacant until the owners and/or their friends come up for a few days away from Melbourne.
Then they complain cos the cafe is not open 24/7 for their convenience.
Or the IGA is not 24/7.
The list goes on.
Real problem is they contribute nothing to the community.
Don't join the CFA, or Rotary, or Lions, or the Community group, or the meals on wheels, the blue light disco, the CWA, teh local school board, the fishing club, the old car club etc etc.
Mick
 
mullokintyre said:
Don't join the CFA, or Rotary, or Lions, or the Community group, or the meals on wheels, the blue light disco, the CWA, teh local school board, the fishing club, the old car club etc etc.
Click to expand...

To be fair, almost no millennials are joining community groups so there's that as well.
 
3 hound said:
To be fair, almost no millennials are joining community groups so there's that as well.
Click to expand...
It is a different subject but i am more and more dispirited by voluntering.
You are just taken as granted by selfish a$$holes or exploted for profit and prestige by a few:
Sport clubs, then later fire brigade, even blood donation where i gave up giving so far.and can add lately a local chamber of Commerce.
A nation of entitled twats moreover with a tall poppy syndrom...
 
againsthegrain said:
There is a new definition to a selfish scmubag, rent increases? ? how are they even going to pay any rent
Click to expand...

Millennials as of last census are officially a bigger generation than boomers this will give them the same electoral power boomers had, I guess when their "feminine energy" runs out they can just vote in someone to bail them out of any financial or other hardship.

Great work if you can get it.

Given how infertile the millennials are and how much they worship the soft life not sure how they will get on if they are ever challenged for resources by the vast hungry majority of people around the world living the hard life.

I used to subscribe to the "slow movement" back in the day where you sought out handmade products, wore only natural fibre, ate whole unprocessed foods, bought food and other items in open markets directly from the person who produced it using cash or barter, read books, wrote letters, rode bicycle, walked or caught public transport, listened to live acoustic music only, rejected as many personal tech devices as possible, played board games & non competitive physical sport etc, etc...it was a good time as a single young bloke but not real practical if you have a family mortgage etc.
 
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