Anthony Albanese - How long? -2-

[Kram]

Very true!

I'm pretty confident that house will be standing in some form for another 70+ years. Most of the crap they build these days not so much..

If some doesnt understand the best example I use is the old frog bricks they used then v now. The former a few hits with a mallet hammer and it would struggle to dent it, the latter would smash a fist size hole through the wall. One almost like a small concrete block, the other mostly just air.

 

[The Punter]

i work with guys who own multiple properties around the country who are currently buying up places in Perth because its "the best value" for them

they also say its a supply issue, even though they are pricing locals out of the market so they can then charge them jacked up rent to live there

both of these guys are into double figures for properties owned and they're always looking for the next one

Just for my perverse interest, do you have the same conversational style with them as you do in here?

 

[Kram]

I dunno about the strategy of highly leveraging yourself now in the Perth market as an investment and relying on squeezing tenants with high rents..

Prices have already run very hard and have mostly caught up with elsewhere. There is also already significant cracks in mining appearing , the arse has fallen out of lithium and nickel prices with operations shutting down, iron ore pulled back as well. Shortage of housing stock still extreme but that could come into balance fairly quickly. Hopefully.

 

[peetoo]

F*** John Howard and f*** all those f***ing idiots that voted for him time after time.
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Crisis ‘entirely caused by the two year old albanese govt’ according to the talest Lib talking points

 

[Kram]

Sure they are still part of it but blaming the situation squarely on either Albanese's current government or one from 30 years ago is just cheerleading rubbish.

 

[Gough]

Sure they are still part of it but blaming the situation squarely on either Albanese's current government or one from 30 years ago is just cheerleading rubbish.

Blaming Howard's changes to negative gearing for the problems today aren't cheerleading rubbish, it's fact and a viewed shared by plenty who know economics better than you or I.

 

[peetoo]

Blaming Howard's changes to negative gearing for the problems today aren't cheerleading rubbish, it's fact and a viewed shared by plenty who know economics better than you or I.

Put something in place which those who are benefitting kick up a political stink to keep it, even though it makes the economic sector unsustainable

Like the health insurance levy