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The lunatic left

30% is a large proportion of the market.
Take off the exempted CGT for owners upgrading their homes, 70% of the market is right there.

You don't get negative gearing over the life of the investment, at some point the rental goes into positive and they have to pay full taxes.

It's about half of the 30% of investors that negative gear in any case. 15% of the complete housing market.
 
As I see it, an unbiased outsider looking in would be wondering why, exactly, Australians have decided to borrow a fortune in order to own the same patches of dirt and piles of bricks they already had.

The answer, of course, is that getting young people to take on massive debt in order to hand the money to older people, and in a big picture sense that's exactly what it amounts to, is really just a way to keep the party going in the face of structural economic decline.

We need get back to creating real wealth rather than the current mentality of smashing every piggy bank we can find, running down the inventory of everything in the cupboard, selling off the farm piece by piece and running up massive debts with anyone who'll lend. :2twocents
They need to cap the price of a standard family home to wages and inflation somehow.
 
*Conspiracy theory*
The banks and politicians are basically making slaves with the price of housing. Both benefit from it. I wonder if there's more to the story?
Debt is how they make people work harder than they would without it.

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And on the same basis, those with religious or cultural beliefs should be able to recite and follow their beliefs, without being vilified, penalised, or ostracised for having those beliefs.
As long as it doesn't cause violence, or finacial loss to other groups.

Or to people in their own "group" who don't necessarily share their beliefs.

Example, a woman of a certain faith who dated someone of another faith was harassed, tracked by her mobile phone then stabbed , but the civil rights "do-gooders" who rail against people attacking this faith haven't said a word about it.

I wonder why?

 
No, I said rapid population growth is a factor. There may also be others, but it's undeniable that investors are part of the problem, especially those who buy holiday homes and leave them vacant, hence proposals for a "vacancy tax".
But even that is a bit far fetched, many young families use holiday homes as it's much cheaper than other accommodation in certain holiday destinations. Then in places like Byron Bay how is the average family going to afford to rent there while working in the fish and chip shop? There just aren't the jobs in small holiday towns to sustain most young families living there. Freeing up 5% of the housing will do sweet nothing. The Greens are on another planet, after they run the housing market into the ground and forgo all the extra taxes involved, who will they come after next?
 
No, I said rapid population growth is a factor. There may also be others, but it's undeniable that investors are part of the problem, especially those who buy holiday homes and leave them vacant, hence proposals for a "vacancy tax".
The problem with social housing, is just the same as the electrical system, the private sector owning and operating it isn't a good model.

The private sector are not a public service, they are there to invest money to make as good a return as the market will bear, but with essential services such as electricity, social housing, water and sewage etc the public has an expectation it will be accessible at a reasonable price.

The privatisation model works for some things, not for others, electricity, water, sewage and social housing are some things that it doesn't work for IMO.
Voters in a western first world country, have an expectation of theses services and as is happening now the Government is having to throw taxpayers money at the private sector and basically paying double to provide what the Governments used to own.

People are paying more for electricity and the money isn't going to the Government coffers, it is going to the private operators, not only that the Government is also having to pay the private generators to be available and in some cases even paying the private coal miners to supply the coal to the private generators and supply everyone with an electricity subsidy. How that can be cheaper than the Government owning it is beyond me.

The same with social housing, when the Government built and owned them, they were rented to low income earners at a low price, when they moved on, it freed the house up for different tenants, the Government is in control of the rental yield and supply.
The Governments could increase their influence in the rent to buy schemes, where they basically go shares with a tenant in the house, then if it is sold the Government shares in the sale proceeds.
If the Government actually got involved in the supply and building of the house and land, it would add to the Apprenticeship pool, rather than importing skilled labour from overseas, which is the easy way but ends up with a 'race to the bottom' society IMO.
 
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Or to people in their own "group" who don't necessarily share their beliefs.

Example, a woman of a certain faith who dated someone of another faith was harassed, tracked by her mobile phone then stabbed , but the civil rights "do-gooders" who rail against people attacking this faith haven't said a word about it.

I wonder why?

Yes there is only one group, who are allowed to be racially and religiously vilified in our society and everyone is having a field day. ;)
 
You can buy houses these days with a 2% deposit. That's not offered to investors.
People think they're at school where they get a participating award, but the real world isn't like that because you have to work hard towards any real goal.
I see both sides.

Yes we need investors because there's a portion of people who either prefer to rent or for whom doing so is the practical option and we need someone to be in the business of renting out homes.

On the other hand I'll argue the price of a basic house is beyond ridiculous at this point and ultimately in the long term very few really benefit from that. It's not just the social implications, it's also harming Australia's economic competitiveness and it's only going to see ever higher burdens on investors, in anything, too.

Very few win from inflation in the long term. :2twocents
 
The same with social housing, when the Government built and owned them, they were rented to low income earners at a low price, when they moved on, it freed the house up for different tenants, the Government is in control of the rental yield and supply.
The Governments could increase their influence in the rent to buy schemes, where they basically go shares with a tenant in the house, then if it is sold the Government shares in the sale proceeds.
If the Government actually got involved in the supply and building of the house and land, it would add to the Apprenticeship pool, rather than importing skilled labour from overseas, which is the easy way but ends up with a 'race to the bottom' society IMO.
I want to know where all the money has gone from the sale of govt assets, Palaszczuk sold everything off here in Qld, schools, housing commission homes with large blocks, why wasn't money invested back into social housing?
 
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I want to know where all the money has gone from the sale of govt assets, Palaszczuk sold everything off here in Qld, schools, housing commission homes with large blocks, why wasn't money invested back into social housing?
You did get a FIFO camp at Tawoomba. :xyxthumbs

 
You did get a FIFO camp at Tawoomba. :xyxthumbs

One of the monuments to the complete,over the top, bonkers, insane, reaction to a fairly mild virus¹.

¹in the grand scheme of things.

I drive past our concentration camp here in WA quite frequently.... shake my head every time.
 
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When politicians care for their country..and seldomly leftists, it works.
I hope we will not need that in a few decades but we have a start
Immigration and destruction/invasion of nationality/judeo Christian values has a cost dearer than $
 
One of the monuments to the complete,over the top, bonkers, insane, reaction to a fairly mild virus¹.

¹in the grand scheme of things.

I drive past our concentration camp here in WA quite frequently.... shake my head every time.
At least the one here was paid for by the Feds, Queensland got two, one by the Feds and one that was built on private land, by the private company and paid for by the appreciative Queenslanders. :xyxthumbs
IMO we're yet to see if it was a fairly mild virus and or a fairly mild vaccine, time will tell, as usual. ;)
 
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When politicians care for their country..and seldomly leftists, it works.
I hope we will not need that in a few decades but we have a start
Immigration and destruction/invasion of nationality/judeo Christian values has a cost dearer than $
Now we will hear how they are only 15 year old children, who had an unfortunate childhood. :(
 
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