Society/Culture Landlords - What is the point?

[Seeds]

To maintain high prices. Holding costs aren't a problem with the historic trajectory of house prices.

That approach only works if developers are monopolies Owning all the housing supply.

 

[Theseventhhamster]

That approach only works if developers are monopolies Owning all the housing supply.

Yes, this is the old textbook thing that people spit out despite exactly what I've said being standard developer practice. Every developer does slow, staged releases at the prices they want before releasing any new supply.

You're either in on the joke or easily duped. There's plenty of lobbying for land to be rezoned, never any evidence provided that they've run out of land to develop.

 

[Mofra]

But why cant people use them for vacations? we shouldnt waste housing stock in great places for vacations for permanent housing stock as the permanent users dont reap the full value of those locations. The market is the best way to determine whether housing stock should be permanent live in or for tourists.

the problem is lack of housing stock. Not a problem of housing stock being used by the wrong people. The fix is for government to release a lot more land supply and invest in public infrastructure services for those land releases.

Nobody is saying they can't use them for vacations, but some properties are banked rather than used for vacations. It seems contartictory to complain that we don't have enough stock, then complain that we shouldn't supply the market with existing stock.

We have approximately 1 million vacant properties in Australia - we don't have 1 million holiday homes in Australia.1

We also have a massive crisis in housing and a homeless problem as well. We currently also have a massive problem with materials supply and hundreds of builders going bust so the 'just build more' argument simply isn't working.

 

[royale with cheese]

Do people in this thread who demand more public housing want to live in it themselves? If so, do you live in it now? If not, why not?

 

[barreness]

Do people in this thread who demand more public housing want to live in it themselves? If so, do you live in it now? If not, why not?

Yes. I live in ex public housing stock from the late 60's, its quite reasonable. Because there is SFA available, not a complicated concept

 

[Seeds]

Nobody is saying they can't use them for vacations, but some properties are banked rather than used for vacations. It seems contartictory to complain that we don't have enough stock, then complain that we shouldn't supply the market with existing stock.

We have approximately 1 million vacant properties in Australia - we don't have 1 million holiday homes in Australia.1

We also have a massive crisis in housing and a homeless problem as well. We currently also have a massive problem with materials supply and hundreds of builders going bust so the 'just build more' argument simply isn't working.

I dont disgaree with any of that. theres only so far you can go with inefficient use of the current stock though. But it does help. Removing stamp duty and replacing it with a land tax and changing the first home exclusion from the pension asset test would both be game changers in improving the efficiency of our housing stock and freeing up 4-5 bedroom homes currently lived in by empty nesters.

Construction costs have gone through the roof and its frankly crisis territory at the moment. In my view its the reason the housing market has not collapsed after the massive rise in interest rates. however the building materials shortage problem is now easing so that should hopefully translate to lower costs. lack of workers in the construction sector is still a massive problem though. Immigration is the only solution I see here. Also a lack of businesses because of the cost blow out period that caused the bankruptcies and this will take time to come back. Red tape rules and housing standards are also far too stringent. They need to be relaxed which would help lower the costs of building.

 

[Mofra]

Construction costs have gone through the roof and its frankly crisis territory at the moment. In my view its the reason the housing market has not collapsed after the massive rise in interest rates. however the building materials shortage problem is now easing so that should hopefully translate to lower costs. lack of workers in the construction sector is still a massive problem though. Immigration is the only solution I see here. Also a lack of businesses because of the cost blow out period that caused the bankruptcies and this will take time to come back. Red tape rules and housing standards are also far too stringent. They need to be relaxed which would help lower the costs of building.

It does seem strange that the Fed government wants to put together a $10bn package for housing, but not make an arrangement to support builders going bust due to supply chain issues. I would have thought providing support for these builders would ensure there is steady supply of new properties to the market. If they were low or zero interest temporary loans, there would be little overall cost of such a scheme anyway anyway.

 

[burge13]

It does seem strange that the Fed government wants to put together a $10bn package for housing, but not make an arrangement to support builders going bust due to supply chain issues. I would have thought providing support for these builders would ensure there is steady supply of new properties to the market. If they were low or zero interest temporary loans, there would be little overall cost of such a scheme anyway anyway.

Honestly and sincerely, * these grubby builders

They charge an arm and a leg, outsource the work to cowboys, and rake in profits. If they cant keep that borderline risk free business model operational, * them to the moon and back

Even your local tradie is rorting you for pretty routine work. Id lean more to taxing these pricks more than supporting them with government funds tbh. They have the country over a barrel atm with a skills shortage though. Pay apprentices better to make it attractive. More tradies = less monopolised work = lower prices.

 

[HirdyLannister]

Speaking of tradies rorting system, they need to deregulate electricians.

You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.

 

[fishardansin]

So, if we all vote for Victorian Socialists do you think they can form a govt that will build and purchase 20000 new dwellings of all sizes and descriptions in each municipality with the purpose of means-tested renting?

This policy as well as:

• treaty with all first nations
• The legalisation of all drugs to be sold with Medicare card in shops that look like tobacconists
• UBI
• Nationalisation of all natural resources (Norway model)
• Improved railways (including regional), internet and bike paths - as well as nationalised taxis - to encourage a major reduction in car ownership
• Improved infrastructure (above) is the basis for a push for a higher percentage of the population in large regional centres
• Norway's model of prison
• Extra funding for complete differentiation of literacy and numeracy education
• Free tertiary education
• Nationalisation of at least 1 telecommunications company to be run by a leading tech wiz with customer products in mind
• Nationalisation of at least 1 bank for savings and a lending institution for 1st home buyers and small businesses.
• Dental/psychiatry/psychology as part of Medicare

All of this is easily funded by low personal debt, a UBI and more small businesses leading to an economy with a higher velocity of money. Then we include the savings of not policing drugs, taxing drugs, improved outcomes from a reformed justice system, govt storing profits from natural resources, govt profits in banking and steeper increments in progressive taxation.

The fact that university-trained professionals working full-time are struggling to rent a house in cities they cannot afford to buy a house is a testament to the fact that the whole system is broken.

Neoliberalism has been designed to maximise the return on investment for baby boomers. A generation who were born into a time of rebuilding after a world war and low personal debt. There is also some protectionism, strong unions and no automation so it was possible to leave school and start building your future. Houses were very cheap and they gained a foothold in the long-term capital gains of property. It needs to be undone and a future with those sorts of benefits for all generations will stop the growth of fascist movements like MAGA, Brexit and One Nation that we see in Murdoch countries.

 

[Nuggs Bunny]

Speaking of tradies rorting system, they need to deregulate electricians.

You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.

Yeah, I bet electricians all over the country will be lining up to sign off the CES for wires that some moron bought at bunnings for cheap and pulled them though his self-installed conduits.

 

[HirdyLannister]

Yeah, I bet electricians all over the country will be lining up to sign off the CES for wires that some moron bought at bunnings for cheap and pulled them though his self-installed conduits.

Your not special, anywhere else in the world sparkies are plebs. It's three wires not rocket science

 

[Nuggs Bunny]

Your not special, anywhere else in the world sparkies are plebs. It's three wires not rocket science

All well and good until a barely literate pleb puts the wrong wire in and your house burns down. You can't even get you're and your right so I definitely wouldn't be having a go yourself.

 

[HirdyLannister]

All well and good until a barely literate pleb puts the wrong wire in and your house burns down. You can't even get you're and your right so I definitely wouldn't be having a go yourself.

Haha typical sparky nuggs, thinking YOU'RE special but you know deep down the trade is a joke with three wires.

 

[evolved2]

If our influx of skilled international workers are mostly tradies, it's worth it.

Every dumbass potential tradie who can handle a spanner is getting their rego paid in Victoria, a free TAFE education, then gets paid to learn as an apprentice while uni graduates are weighed down under heavy debt.

It's hilarious how we reward those who least deserve it in Australia.

 

[My_Username]

Speaking of tradies rorting system, they need to deregulate electricians.

You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.

yeah/nah. Too many nuffies could cause serious issues.

That said, I remember when I was back at Uni a sparky reported a house he visited for unapproved works and he was right, there were a few of them.

But the tenants in question were a bunch of PhD electrial engineering students...That they weren't allowed to connect a few wires together was a bad joke.

 

[Frank Grimes]

I guess we are about to see if the theory of Landlords selling up will make housing more affordable is true or not.

Personally I would like to see prices come down. I would like to buy another one in a few years but the current prices doesn't justify it as an investment at the moment. I would also like to see my kids to be able to buy when they grow up.

 

[evolved2]

I guess we are about to see if the theory of Landlords selling up will make housing more affordable is true or not.

Personally I would like to see prices come down. I would like to buy another one in a few years but the current prices doesn't justify it as an investment at the moment. I would also like to see my kids to be able to buy when they grow up.

Record migration numbers ensure property will continue to be a low risk investment in the near future. Landlords will pass on the cost of interest rate rises and Vic land tax changes to tenants.

 

[Frank Grimes]

 

[FRUMPY]

Speaking of tradies rorting system, they need to deregulate electricians.

You shouldn't have to pay $150+ an hour to rough in wires, any pleb can run the cables and the sparky can fit the power points.

Geez ill have to tell my brother to up his hourly rate, hes on less than half of that

 

[owen87]

Geez ill have to tell my brother to up his hourly rate, hes on less than half of that

What one pays and what one gets paid aren't the same

 

[FRUMPY]

What one pays and what one gets paid aren't the same

that was my point, its not as if they get all that money as theirs to spend....

 

[Gigantic]

 

[ElectricG]

Why do Essendon fans hate tradies so much lmao

 

[yodellinhank]

Why do Essendon fans hate tradies so much lmao

You don't hate tradies?