Anthony Albanese - How long? -2-

[peetoo]

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

Which was absolutely clear during covid. Our roots are a prison colony after all

 

[Seeds]

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.

Im not saying we should get rid of landlords or they dont put in hard work to earn returns. They do. But the returns have been so far, above and beyond what they should of been over the last 25 years it has been ridiculous. And those excess returns have not been earned through extra hard work and sacrifice on landlords behalf. They have been obtained through governments not releasing enough land and poor tax policies. All to chase the baby boomer vote once baby boomers came of age to snap up lots of property.

Being a landlord is not a highly skilled job. It doesnt take expertise. it doesnt have high barriers to entry. The returns should be low as a result. They havent been. Those excess returns are not earned by landlords.

 

[Puddy]

Im not saying we should get rid of landlords or they dont put in hard work to earn returns. They do. But the returns have been so far, above and beyond what they should of been over the last 25 years it has been ridiculous. And those excess returns have not been earned through extra hard work and sacrifice on landlords behalf. They have been obtained through governments not releasing enough land and poor tax policies. All to chase the baby boomer vote once baby boomers came of age to snap up lots of property.

Being a landlord is not a highly skilled job. It doesnt take expertise. it doesnt have high barriers to entry. The returns should be low as a result. They havent been. Those excess returns are not earned by landlords.

There is a high barrier for entry.

 

[Seeds]

There is a high barrier for entry.

No there isnt. A million dollars is one of the lowest barriers of entry there is for any industry.

 

[Chief]

No there isnt. A million dollars is one of the lowest barriers of entry there is for any industry.

I don't agree. You can start any number of businesses for a lot less than a million dollars.

 

[Nuggs Bunny]

A million dollars doesn't even come into it because you can start an investment property portfolio with the equity in your house earned by nothing more than paying your mortgage for 10 years.

Generally speaking, if people are making a song and dance about "mum and dad" investors being involved then there's is almost certainly not a high barrier to entry.

 

[Celebrity 101]

the mum and dad do it tough investors of course being punished once again.

Franking credits, negative gearing in the fire line of course. Punish the middle class who are aspirational. Big end of town survive because they hold such vast assets whilst those who try climb the ladder and get second properties, maybe even a third are punished. How dare they do that, they’re all selfish according to some people.

Not to mention capital gains tax, the biggest scam and disgrace going around. Make a good investment in the short term, turn 250K into a Mil in the space of a few months. You only owe the government 30-40% because they deserve to benefit because you were smart. They deserve 3-400K in fact, you don’t deserve a cent.

That’s the lucky country of Australia. That’s the Australian dream, don’t own a home because we make it unaffordable to own a home. Then we make it impossible to own a second home because we hate you being aspirational and building wealth.

Bring on death duties, final nail in the coffin. It’ll come, whether Airbus or even Clare O’everything she touches is fumbled Neill handles it.

 

[peetoo]

the mum and dad do it tough investors of course being punished once again.

Franking credits, negative gearing in the fire line of course. Punish the middle class who are aspirational. Big end of town survive because they hold such vast assets whilst those who try climb the ladder and get second properties, maybe even a third are punished. How dare they do that, they’re all selfish according to some people.

Not to mention capital gains tax, the biggest scam and disgrace going around. Make a good investment in the short term, turn 250K into a Mil in the space of a few months. You only owe the government 30-40% because they deserve to benefit because you were smart. They deserve 3-400K in fact, you don’t deserve a cent.

That’s the lucky country of Australia. That’s the Australian dream, don’t own a home because we make it unaffordable to own a home. Then we make it impossible to own a second home because we hate you being aspirational and building wealth.

Bring on death duties, final nail in the coffin. It’ll come, whether Airbus or even Clare O’everything she touches is fumbled Neill handles it.

Very ‘pull up the ladder’ maybe take away sweeteners on the third property? Especially those who chose to leave them empty. Why waste building industry resources for something to not be used? It’s not an oil painting