Banter TRTT Part 14: 2022 Goodbye (To 2023)

[dirty2]

Heard of a few folks recently that have ended up homeless/sleeping on friends couches etc as they are unable to find a rental.

It's ****ed. Maybe government needs to build a shit load of housing trust houses I don't know. Something needs to be done... It's above my pay grade to know how to fix it.

 

[TazD]

 

[Capital Power]

It's ****ed. Maybe government needs to build a s**t load of housing trust houses I don't know. Something needs to be done... It's above my pay grade to know how to fix it.

Governments need to do their **** job and plan for population increase. Instead they fall over themselves to 'compete' for new people.

The ACT Chief Minister late last year said on the record that he was 'surprised' when informed of the latest population number, and that's why we don't have enough infrastructure for them.

That's a disgrace, but he's treated like our Ken by local media so it was completely ignored. The lemmings who vote for him will turn out in force regardless next year.

 

[philthy05]

In absolutely no way do they want to have the necessary amount of housing for people


They’re profiting the most from this.


Every man and his dog could see that the incentives for buying houses as investors was going to drive up prices, leave more people stuck for longer in the rental market, driving the prices up more and so on in a cycle (until it bursts and everything goes **** up)

They’ll push it as far as it goes until then.

 

[Papa G]

The Great Covid Swindle 2020-22 is the biggest driver of the current housing situation. Who you want to blame for that is up to you.

 

[chiwigi]

Governments need to do their **** job and plan for population increase. Instead they fall over themselves to 'compete' for new people.

The ACT Chief Minister late last year said on the record that he was 'surprised' when informed of the latest population number, and that's why we don't have enough infrastructure for them.

That's a disgrace, but he's treated like our Ken by local media so it was completely ignored. The lemmings who vote for him will turn out in force regardless next year.

They privatised it, the market will sort it duh!

Same with all the other privatised stuff.

 

[raman]

The Great Covid Swindle 2020-22 is the biggest driver of the current housing situation. Who you want to blame for that is up to you.

Point to the doll where the plandemic touched you.

 

[edgie]

It's ****ed. Maybe government needs to build a s**t load of housing trust houses I don't know. Something needs to be done... It's above my pay grade to know how to fix it.

There must be a few people out there who's pay grade it isn't above because some people must still be able to afford it, and as long as that's the case it won't change in a hurry.

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[edgie]

Point to the doll where the plandemic touched you.

Me:

Points to back pocket where wallet is kept.

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[philthy05]

The Great Covid Swindle 2020-22 is the biggest driver of the current housing situation. Who you want to blame for that is up to you.

Load of bull crap.


This is exactly what was predicted when they made all those changes to help investors, and we’ve seen continue to happen as it escalates.

it’s not rocket science.

They’ve priced more people out of buying = more demand for rentals = landlords can charge more = more people priced out for longer = more demand for rental properties = landlords can charge more.

It’s the literal pinnacle of capitalism, applied to the great Australian dream (RIP) of owning a home.

Saying covid is the cause of it despite it being an existing and escalating problem before covid is one of the more absurd things I’ve heard.

 

[Jonts]

Jonts 4 step plan to fix housing

Remove negative gearing- Look at new zealand, prices still actually continued to rise

Money spent on negative gearing then gets spent on government housing

Make foreign ownership of single residences illegal - grandfather in current ownerships

Tax the shit out of empty residences that are investment properties (Airbnbs)

 

[Papa G]

My God you people are idiots. This is the official graph of house prices from the Valuer General. In the decade between 2010 and 2019 Adelaide median house prices grew quite modestly, from just over $400k to around $450,000. Then from 2020 to 2022, it shot up to $675,000. All in the space of 3 short years. Phenomenal growth. Were the rules around negative gearing any different to what they were in the previous decade? I don't believe they were. So one would have to presume there must have been something else causing it, wouldn't one? I wonder what that was? Does anybody remember what was imposed on us at this time? Idiots.

 

[Del165198]

Piss off you miserable goblin

 

[snozulu]

I fully expected my rent to sky rocket at the end of my 12 month lease, but they kept the rent the same for another 12 months! Very grateful

me too i just re signed and they raised only by $10 i am grateful and they obviously value good tennants like your landlord too.

 

[dirty2]

My God you people are idiots. Does anybody remember what was imposed on us at this time? Idiots.

View attachment 1612238

A ken Hinkley contract extension!

 

[edgie]

Is there something about Papa G and his graphs that isn't factual data? Or is it just coincidence?

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[JimmyBC]

Buyers flooded the market during Covid that's indisputable, if you know anyone that was selling in 2019 you'd be well aware the market was garbage they were having auctions in good suburbs drawing less than a handful of people.

 

[TeeKray]

Nobody here is wrong. The preconditions were already there for this situation to eventually happen, covid just fast tracked it.

 

[NoddyHolder]

Is there something about Papa G and his graphs that isn't factual data? Or is it just coincidence?

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You really need to see the previous couple of decades on the graph to get the full story of house prices. Compare it to the trajectory of wages/salaries over the same period and see if it matches.

 

[Jonts]

My God you people are idiots. This is the official graph of house prices from the Valuer General. In the decade between 2010 and 2019 Adelaide median house prices grew quite modestly, from just over $400k to around $450,000. Then from 2020 to 2022, it shot up to $675,000. All in the space of 3 short years. Phenomenal growth. Were the rules around negative gearing any different to what they were in the previous decade? I don't believe they were. So one would have to presume there must have been something else causing it, wouldn't one? I wonder what that was? Does anybody remember what was imposed on us at this time? Idiots.

View attachment 1612238

Too much money given to the rich by your liberal mates during the covid response and housing is incentivised to the hilt?

 

[Launchpad McQuack]

A ken Hinkley contract extension!

Better sack him, then.

 

[TeeKray]

Too much money given to the rich by your liberal mates during the covid response and housing is incentivised to the hilt?

Net migration went from largely young wealthy people leaving the country and largely low skilled foreign workers entering the country to the exact opposite. The former live as singles/couples whilst the latter group often live in large families or share house situations. Supply/demand distorted.

Government programmes (eg HomeBuilder from the Federal government, various state based grants) designed to stimulate the building industry in the early days of covid end up vastly overestimating the impact covid would have on employment in the industry and basically only ended up overstimulating the housing market and economy in general.

RBA lowering cash rate to historic low of 0.1% - also vastly overestimating the impact covid would have on everything and thus overheating the economy - and then being way, way, way too slow to lift the rates back up to any sort of level where a price on borrowing existed.

People with plenty of disposable income no longer being able to travel and thus having spare cash available to purchase investment properties. Looking at Boomers in particular here.

All of this added to a system that was already designed to have housing prices rise very quickly and over time have property be concentrated into the hands of fewer and fewer people and you have a recipe for the absolute disaster that we see today right across the country.

 

[raman]

Is there something about Papa G and his graphs that isn't factual data? Or is it just coincidence?

No one’s arguing they Covid hasn’t effected the housing market. But Popo believes that the current state of affairs is all the result of a woke conspiracy in the last three years, rather than decades of pandering to the investor sector at the expanse of housing affordability which was then exacerbated by the pandemic. This is because he’s short sighted self interested simpleton.

 

[Doctor Feel]

I mean, im happy with house prices

 

[philthy05]

Is there something about Papa G and his graphs that isn't factual data? Or is it just coincidence?

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The problem is his manipulation via presentation of the data.

Why has he only selected a ten year period to show house prices weren’t rising?

Why would he not say, use from 1985 (the introduction of negative gearing)?

He also choose just Adelaide, when we know Adelaide’s market was a little slower than the rest of the country.