Anthony Albanese - How long? -2-

[FruitTingles]

So the risk is mitigated by political capture of the two institutions who can actively pump demand.

 

[Chief]

There is no cap in Queensland.

Come on. Read my post.

 

[sdfc]

Come on. Read my post.

I did read your post. They haven't capped rent increases. The 10% is an arbitrary if.

What happens if cost increase exceeds the cap increase?

 

[Chief]

I did read your post. They haven't capped rent increases. The 10% is an arbitrary if.

What happens if cost increase exceeds the cap increase?

I didn't say they had capped rent increases.

I said they limited frequency of rent increases.

Read the post.

 

[sdfc]

I didn't say they had capped rent increases.

I said they limited frequency of rent increases.

Read the post.

I have. we were talking about caps on rental costs.

 

[Chief]

I have. we were talking about caps on rental costs.

Yes.

And my post showed that the mechanism for caps is already in place in some jurisdictions. Rental bidding is already illegal in Victoria, and now in Queensland. I don't know about other states.

So, for example, capping rental prices in Queensland would not require anything more than a regulation change.

So anyone who says it's impossible or even just difficult to do is not being honest, or doesn't understand how easily it could be done.

That includes journalists and politicians.

 

[SaintsSeptember]

Yes.

And my post showed that the mechanism for caps is already in place in some jurisdictions. Rental bidding is already illegal in Victoria, and now in Queensland. I don't know about other states.

So, for example, capping rental prices in Queensland would not require anything more than a regulation change.

So anyone who says it's impossible or even just difficult to do is not being honest, or doesn't understand how easily it could be done.

That includes journalists and politicians.

I'm not against the idea.
How do they determine what the cap is for each individual property?

 

[peetoo]

I’d like to wager if all the house space, office space, leisure space indoors was divided by the population, australia would be just about the highest in the world for a large population.

It’s a problem we chose to have collectively

 

[Puddy]

Yes they should. And the housing boom which has enriched a small group of landlords has delayed the ability of millions of under 40s to retire by a decade or more.

We should not have a society where a small group of people live off property rents that come at the expense of everyone else. Thats they way the world used to be. We should not go back to it.

That's the way it is.
There is a huge amount of sacrifice spending your 20s building a portfolio. Not having a family, not travelling ect.

The pay-off is early retirement.

 

[Seeds]

That's the way it is.
There is a huge amount of sacrifice spending your 20s building a portfolio. Not having a family, not travelling ect.

The pay-off is early retirement.

There is zero sacrifice for capital gains. That is just luck that has resulted from governments constraining land releases. Its not earned or deserved. 50 percent tax discounts on capital gains is also not earned or deserved. Wage earners get no such discounts on tax.

 

[Rob R]

I’d like to wager if all the house space, office space, leisure space indoors was divided by the population, australia would be just about the highest in the world for a large population.

It’s a problem we chose to have collectively

Is it a problem or a good intent? Why should we follow thr rest of the world's failure and have over populated, congested cities. Melbourne and Sydney would be so much better with a million less people in them

On SM-A136B using BigFooty.com mobile app

 

[Puddy]

There is zero sacrifice for capital gains. That is just luck that has resulted from governments constraining land releases. Its not earned or deserved. 50 percent tax discounts on capital gains is also not earned or deserved. Wage earners get no such discounts on tax.

You sacrifice your life to own investment properties.
It's fantasy to think every landlord is sitting there with no actual job living off rental income.
You would have to own 5 properties outright to be able to do that.

I work with alot of new Australians. They are the ones buying their own houses because they are prepared to work multiple jobs to do it.

It's the lazy entitled white Australians who want to own their own house by just working a fulltime job.

 

[Kram]

There is zero sacrifice for capital gains. That is just luck that has resulted from governments constraining land releases. Its not earned or deserved. 50 percent tax discounts on capital gains is also not earned or deserved. Wage earners get no such discounts on tax.

Why didn't you do it as well if it was so easy?

Imo you make your own luck.

 

[SaintsSeptember]

There is zero sacrifice for capital gains. That is just luck that has resulted from governments constraining land releases. Its not earned or deserved. 50 percent tax discounts on capital gains is also not earned or deserved. Wage earners get no such discounts on tax.

The capital gains can be unfair.
Someone who waits 20 years and sells their property compared to someone who plays short term games and makes capital gains constantly.

 

[Gralin]

Aside from the frontrunning issues, what happens if costs go up faster than the allowable rent increase?

Short-term covid measures aren't going to translate well into permanent policy.

If investors can't afford their investment they're able to sell

If renters can't afford rent they're homeless

You can probably work out which one of those I'm going to think is a problem

 

[sdfc]

If investors can't afford their investment they're able to sell

Enforcing business losses would be shit governance. You need to come up with a better plan.

If renters can't afford rent they're homeless

Governments haven't built enough social housing. It's been a deliberate policy.

You can probably work out which one of those I'm going to think is a problem

The supply shortage is what is driving up rents.

 

[FruitTingles]

I work with alot of new Australians. They are the ones buying their own houses because they are prepared to work multiple jobs to do it.

It's the lazy entitled white Australians who want to own their own house by just working a fulltime job.

Great sales pitch for post-Reagan/Thatcher capitalism.

Despite economic growth it’s lazy to want to survive on a full time job and enjoy more leisure time thanks to technological advancement. That’s economic regression not progress.

 

[Gralin]

Great sales pitch for post-Reagan/Thatcher capitalism.

Despite economic growth it’s lazy to want to survive on a full time job and enjoy more leisure time thanks to technological advancement. That’s economic regression not progress.

Puddy posts that exact same statement every few months

 

[barreness]

Everyone's goal should be to retire early.
No point working till the day you die

It could be a goal for an individual but it will never be allowed to succeed, apart from a small group in the upper classes.

How does the economy work if everyone knocks off at 50 and yet demands resources for the next 30 years? Add in the first 20 years being non productive and an aging population. One of the many contradictions of capitalism

 

[Puddy]

Great sales pitch for post-Reagan/Thatcher capitalism.

Despite economic growth it’s lazy to want to survive on a full time job and enjoy more leisure time thanks to technological advancement. That’s economic regression not progress.

If your only prepared to work a fulltime schedule then you don't really want it bad enough.

For the record, I despise Thatcherism. If everyone was as hard working as we should be socialism would work.

 

[Kram]

It generally takes a lot of discipline and some level of sacrifice to invest in anything, especially early on.

 

[peetoo]

Great sales pitch for post-Reagan/Thatcher capitalism.

Despite economic growth it’s lazy to want to survive on a full time job and enjoy more leisure time thanks to technological advancement. That’s economic regression not progress.

Those jokers got rid of our industry. But for some reason keep industrial working hours and you are losers’ if you don’t get on the treadmill, even though covid lockdowns showed it for the fantasy it is.

In a few decades they’ll look back and wonder what we were thinking

Medieval peasants worked 150 ish days a year, at the times it was most needed. Harvest etc

 

[FruitTingles]

Those jokers got rid of our industry. But for some reason keep industrial working hours and you are losers’ if you don’t get on the treadmill, even though covid lockdowns showed it for the fantasy it is.

In a few decades they’ll look back and wonder what we were thinking

Medieval peasants worked 150 ish days a year, at the times it was most needed. Harvest etc

The Authoritarian states, far from just allowing us to benefit from comparative advantage, are making their citizens work 50-60 hours a week and crushing unionism and workers rights -> China welding doors etc.

 

[peetoo]

The Authoritarian states, far from just allowing us to benefit from comparative advantage, are making their citizens work 50-60 hours a week and crushing unionism and workers rights -> China welding doors etc.

That’s where all the wests industry went. They are in the industrial phase

We gave up competing decades ago

 

[Ghost Patrol]

The Authoritarian states, far from just allowing us to benefit from comparative advantage, are making their citizens work 50-60 hours a week and crushing unionism and workers rights -> China welding doors etc.

Looking at how our government crushes protest and unions recently..... locking up whistleblowers.... we live in one of those authoritarian states.