I think it depends on the state/city. I hear a lot a people are moving to Brisbane and Perth so their house prices have been rising quickly. House prices in Melbourne on the other hand have been relatively stagnant.
Society/Culture Landlords - What is the point?
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So you're expecting an attack from China on our shores then? Is that what's going to happen? Because I've heard before that the best defence of the Australian continent is the continent itself, as the northern third is so inhospitable and hard to keep supplying that any nation would be mad to try and invade. Wouldn't it make more sense to concentrate on the waters around populated areas?
Think of this from China's perspective for a second. Aren't shipping channels equally important to them? So if they see a US ally "protecting" a shipping channel that both countries use, isn't that a risk to them of being denied supply of things they need? Make no mistake, if the US asks us to use the submarines they helped supply us with to cut off Chinese shipping lanes, Australia will do it.
Well, it was incredibly stupid of the last government to locate our strategic fuel reserve in the US then, wasn't it?
Trying to buy a house is 'playing a game you can't win'
The US housing market has changed dramatically since the pandemic - an issue looming over the election.
www.bbc.com
If you're genuinely interested, download and have a read of the Defence Strategic Review. The unclassified public version contains a lot of info that explains the reasoning for our change in defence strategy.
Edit: Apologies, the document is call the National Defence Strategy. It was written as a result of the DSR.
I'm not genuinely interested. I just want money spent on public services and addressing poverty, and it's painful to watch governments perennially refuse to invest properly in building a better society, while happily giving the military countless billions.
Oh, I didn't realise you just wanted to ignorantly whine. Sorry for interrupting.
Yeah how dare someone disagree with the priorities of the government and wish to see changes. Go jerk off to your GI Joes, Dick Cheney.
That's the spirit!
- Apr 23, 2016
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purplepingers is great, has brought attention to a space long ignored.
His latest vendetta is unoccupied properties, he got sent a press release directly by the Vic Government about their plan to tax vacant properties. So he's getting some traction.
Wah!
Yeah he's getting traction from easily influenced life's not fair morons with wa*ky views like that one I replied to.
Stirring up sh*t is what he's doing, broad brushing all investors as aholes is not the way to go about. If this dickhead has a problem with how property investment is structured, play the ball not the person.
Greed or no greed, the tax laws are stupid.
Why favour mum and dad investors over mum and dad taxpayers?
And what's the obsession with "getting ahead"? Get want you want, sure go for it and enjoy your life the best way you can. But just wanting to get ahead? What an insecure disposition to have on life. These tax laws are enabling this by keeping others down, more than anything.
So accept our tax money in one hand, but also accept the shit as well. If you can't hack it, gain some wealth by being productive.
- Apr 23, 2016
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His point is the system is setup to incentivise residential home investment, at a time when we are experiencing massive issues with housing availability, housing affordability and rental prices skyrocketing.
All of which are very real and fair comments.
Broad brushing all investors as 'mom and pop just trying to get by' is a great cover for the wealthy and powerful setting up the system to benefit them.
No one is saying 'carringbush, **** you for trying to do the right thing by your family' here. If you think that, you've really missed the point.
The idea that you should be able to buy a house, risk-free, with a tenant paying it off, then freely walk away with the capital gain (at a discount if you use the system well) whilst being able to tax-deduct your tenant subsidised mortgage payments, when the tenant (you know, the one actually paying you money) can't tax deduct those payments, doesn't seem a little like a bad system to you?
It's like how Real Estate Agents work on behalf of the property owner, despite the tenant (once again) being the one paying the cash.
It's a bad system.
No renter should feel sympathy for a landlord, that doesn't mean all landlords are shit people.
I don't disagree that the tax laws around property investment are rather damaging for those that cannot obtain property.
Regardless, that does not equate, me a property investor, as a greedy ahole, I passionately reject that notion and I also passionately reject the notion that ALL investors are greedy aholes.
I'm just tryna get ahead to make a better life for myself, guess that makes me the anti christ, amirite?
Most are investing to make a better life for themselves, HOW DARE THEY?!?1?
They're just middle class mid life to elderly who are not billionaires just buying up properties as a hobby.
Like I said earlier, if one has a problem with the way property investment is structured, play the ball not the person.
If one invests in the stock market at least they provide capital for creating wealth. Neg geared (existing) property investing is basically just asking everyone else to cover your tax bill.
Gralin
Super Moderator
- Moderator
- #718
you're trying to get ahead by buying a house someone else would like to live in and making them pay the mortgage for you
you also get tax payer subsidies for this that owner occupiers and renters don't get
if you can afford more than one property I wouldn't think that you would actually be middle class
you might think you're a middle class battler, everyone does these days
you choose to be a landlord, you gotta deal with the reputation that comes with that
Are those numbers legit?
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- #720
How many investment properties do you have?
- Apr 23, 2016
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The average person simply has no avenue to do this.
In Parliament, 227 Federal MPs own 510 properties. With 144 owning more than 1.
Crikey's Landlord List: how many politicians own multiple homes?
With fewer Australians owning their homes, Crikey is keeping an eye on how many politicians own several properties.
www.crikey.com.au
These are the people making the laws and managing the system.
They have no incentive to change it.
"Representative" Democracy at work.The average person simply has no avenue to do this.
In Parliament, 227 Federal MPs own 510 properties. With 144 owning more than 1.
Crikey's Landlord List: how many politicians own multiple homes?
With fewer Australians owning their homes, Crikey is keeping an eye on how many politicians own several properties.
These are the people making the laws and managing the system.
They have no incentive to change it.
Gralin
Super Moderator
- Moderator
- #723
something like 20% of landlords owned more than one property 2 years agoThe average person simply has no avenue to do this.
In Parliament, 227 Federal MPs own 510 properties. With 144 owning more than 1.
Crikey's Landlord List: how many politicians own multiple homes?
With fewer Australians owning their homes, Crikey is keeping an eye on how many politicians own several properties.
These are the people making the laws and managing the system.
They have no incentive to change it.
and even at that time the number of new landlords wasn't growing as quickly
but more properties are investment properties than ever
if over 30% of dwellings are investment properties and less than 10% of the population are investors, what does that tell you about overall property ownership concentration?
nothing good thats for sure
I don't disagree with his points, I'm just pointing out his allusion that property investors owning 253 homes is some sort of widespread norm is ludicrous and obviously aimed at property investors
No one? We're literally talking about that purple ph*qwit alluding exactly that. Many more like him and no doubt there are many in this thread who share the same ill directed anger.
No sh*t, but because I'm an investor I'm that anti christ right? Purple w*nker certainly seems to think I own 253 properties just to 'punch down' for amusement.
No one ever, EVER has felt sympathy for a landlord, nor should they.
Yet w*nkers like purple who have an axe to grind are targeting in the wrong direction.
Play the ball not the person.
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