[ - ] UncleDoug [op] 1 point 1.3 yearsJan 10, 2023 11:11:49 ago (+2/-1)
By all means just let the polticians run personal property portfolios for investment with zero interest in property habitability, all with absolutely no maximum price ceiling so they can all get the biggest return on their investment.
Gee I wonder why property is so unaffordable? Maybe capping the market, so rent is percentage based on median income would be good thing?
Rent control always - ALWAYS - winds up with disaster for the real estate market. In the long run, it's a terrible policy. Property is unaffordable for a lot of people, yes, but then a lot of people aren't intelligent enough to earn enough money to afford property. That's a shitty fact of life, but there it is. Let the market control itself. If you leave it alone, it will find a good balance.
Yeah disaster for people who own and negatively gear multiple properties, thus hyper-inflating the property market and making it unaffordable.
Property is unaffordable for the last few decades because of these policies of having real-estate geared as an investment opportunity for the ruling elite. Housing used to be obtainable for the majority on a single low-income.
The market does not sort itself out, its not mother nature. Very specific policies in practice that serve politicians are in place specifically to maintain high property prices, all so parliamentarians can get a larger return on investment. How does ignoring the issue "sort itself out"?
Supply and demand is one of the causes of property prices. Overseas investors purchase property to make money off tenants, property is negatively geared which means the principal interest is generating a small income than you earn off the asset. So what these people do is reinvest liquid assets from one property and extend a mortgage into another property and have tens of millions worth in property, with their portfolio being paid off m tenants and other people's tax dollars.
Politicians are not incentivised to make housing affordable, because housing has recently become an investment opportunity like corporate bonds, high yeild long term savings accounts, dividend stocks, REIT, value stocks, etc.
Baby boomers are nearing or at the age or retirement so the largest voting block has an opportuinity to make considerable money off their appreciating asset, through no fault of their own but their own dumb luck being born at the right time.
1/3 of all politicians in our current parliament in Aus have a property portfolio as of the last two decades. If purchasing more than two properties was illegal, you wouldn't have to worry about rental caps as the greatest impact on cost of living expenses.
It is evidently clear you are woefully ignorant of the current economic crisis. Try sucking senators dick harder.
You just spoke a whole lot of retarded Commie cunt bullshit.
Alright dipshit with assumption of knowledge.
Hire a contractor to build yourself a shed you plan to lease out.
Pay him $x for his labor.
Now laughingly incorrect Commie cunt.
Pay him $x * 2 for building a second shed.
Given a total of available funds being $y you fucking tell me how doubling the price of labor to build sheds won't decrease the number of sheds you can afford to build and lease out.
YOU DON'T KNOW MATHS NOR ECONOMICS.
Like all Commie cunts you're a danger to humanity due your ignorance.
You can either chose to stfu and get educated or hopeful get a one way heli ride in the future as humans defend themselves from predators like yourself
Pehnomenal differences, you are stupid or being disengenuous.
Increase wages and you greatly increase cost of everything including rent.
Sniff more bumholes finance failure.
That only occurs if wage growth exceeds productivity growth. How is it inflation has outstripped wage growth and corporations are making record profits?
If inflation is 6%, wage should be 6% higher or else you have less disposable income.
You are thinking like a true tardo thinking everyone just gets mega bucks then corporations match wage growth by increasing costs back on to consumers. You have it all back to front, stop sucking corporate jew dick.
Equity is just a child's cry to get given by mummy that which they did not earn
You have somehow fucked up the terms equity and equality.
Equity is the principal interest on a property in excess of claims like a mortgage.
Fucking retard. Do you know how property investment works? You purchase a home in one area with high growth and low rental demand that attracts first home buyers which increases chance of state investment to develop civil works, this generates a property price increase. If you purchase home 1 at X$ * e.g. 0.17 expected growth in 4years then you reinvest that equity surplus into a new investment. So 17% extra of the value of property 1 into a future property and extend your mortgage.
You are laughably ignorant on how this all works whilst continuing to lecture me when you can't even understand the terms being used.
By all means continue to keep encourage legislators that are a driving factor of forced 'skilled' migration, killing us Whites, then laughably call me a commie, you compelte cunt.
Retarded Commie cunt. Price fixing has never worked. Always made life worse.
So how about you shut the fuck up until you educate yourself on economics and history?
The problem with voat is that it is filled with reddit affected mindless socialist retards who are only here because they got booted by reddit mods for being too edgy.
Know this. Price fixing is evil and ineffective. You can learn this truism should you so be bothered
How about he first becomes a business owner of a block of flats by sacrificing a huge portion of his total life income.
Then he gets forced to hire me four days a week as the maintenance guy. Shit stays broken for three days a week. Twice the rate he can afford as mih living wage.
And I pay him half the going cost for my apartment because of government price fixing.
[ + ] NationalSocialism
[ - ] NationalSocialism 2 points 1.3 yearsJan 10, 2023 15:52:06 ago (+2/-0)
[ + ] Doglegwarrior
[ - ] Doglegwarrior 2 points 1.3 yearsJan 10, 2023 14:23:19 ago (+2/-0)
Or just kick the jews out and all the other problems will be solved
[ + ] SocksOnCats
[ - ] SocksOnCats 2 points 1.3 yearsJan 10, 2023 10:58:59 ago (+2/-0)
This guy is a lazy commie.
[ + ] UncleDoug
[ - ] UncleDoug [op] 1 point 1.3 yearsJan 10, 2023 11:11:49 ago (+2/-1)
Gee I wonder why property is so unaffordable? Maybe capping the market, so rent is percentage based on median income would be good thing?
[ + ] SocksOnCats
[ - ] SocksOnCats 0 points 1.3 yearsJan 10, 2023 11:38:47 ago (+1/-1)
[ + ] UncleDoug
[ - ] UncleDoug [op] 0 points 1.3 yearsJan 10, 2023 11:44:43 ago (+1/-1)
Property is unaffordable for the last few decades because of these policies of having real-estate geared as an investment opportunity for the ruling elite. Housing used to be obtainable for the majority on a single low-income.
The market does not sort itself out, its not mother nature. Very specific policies in practice that serve politicians are in place specifically to maintain high property prices, all so parliamentarians can get a larger return on investment.
How does ignoring the issue "sort itself out"?
[ + ] Belfuro
[ - ] Belfuro 0 points 1.3 yearsJan 10, 2023 20:56:02 ago (+0/-0)
Number one cause of high rent is scarcity from price fixing.
People must pay a minimum of x for the legions involved in time and materials for just one example.
Want more?
[ + ] UncleDoug
[ - ] UncleDoug [op] -1 points 1.3 yearsJan 10, 2023 22:48:29 ago (+0/-1)
Supply and demand is one of the causes of property prices. Overseas investors purchase property to make money off tenants, property is negatively geared which means the principal interest is generating a small income than you earn off the asset. So what these people do is reinvest liquid assets from one property and extend a mortgage into another property and have tens of millions worth in property, with their portfolio being paid off m tenants and other people's tax dollars.
Politicians are not incentivised to make housing affordable, because housing has recently become an investment opportunity like corporate bonds, high yeild long term savings accounts, dividend stocks, REIT, value stocks, etc.
Baby boomers are nearing or at the age or retirement so the largest voting block has an opportuinity to make considerable money off their appreciating asset, through no fault of their own but their own dumb luck being born at the right time.
1/3 of all politicians in our current parliament in Aus have a property portfolio as of the last two decades. If purchasing more than two properties was illegal, you wouldn't have to worry about rental caps as the greatest impact on cost of living expenses.
It is evidently clear you are woefully ignorant of the current economic crisis.
Try sucking senators dick harder.
[ + ] Belfuro
[ - ] Belfuro 0 points 1.3 yearsJan 11, 2023 22:38:37 ago (+0/-0)
Alright dipshit with assumption of knowledge.
Hire a contractor to build yourself a shed you plan to lease out.
Pay him $x for his labor.
Now laughingly incorrect Commie cunt.
Pay him $x * 2 for building a second shed.
Given a total of available funds being $y you fucking tell me how doubling the price of labor to build sheds won't decrease the number of sheds you can afford to build and lease out.
YOU DON'T KNOW MATHS NOR ECONOMICS.
Like all Commie cunts you're a danger to humanity due your ignorance.
You can either chose to stfu and get educated or hopeful get a one way heli ride in the future as humans defend themselves from predators like yourself
[ + ] UncleDoug
[ - ] UncleDoug [op] 0 points 1.3 yearsJan 12, 2023 04:14:08 ago (+0/-0)
Do yourself a favour and look up what equity means before you continue to embarass yourself.
Go look up negative gearing, go look up wage v inflation v living expenses.
Its laughable that you presume to know economics and use "shed" as an example of habitation, and not understanding zoning laws either.
[ + ] Belfuro
[ - ] Belfuro 0 points 1.3 yearsJan 12, 2023 23:07:28 ago (+0/-0)
So instead you lied to avoid that truism.
Like all all Commie cunts you're a fucking lying retard.
Increase wages and you greatly increase cost of everything including rent.
Equity is just a child's cry to get given by mummy that which they did not earn
[ + ] UncleDoug
[ - ] UncleDoug [op] 0 points 1.3 yearsJan 13, 2023 03:01:18 ago (+0/-0)
Pehnomenal differences, you are stupid or being disengenuous.
Sniff more bumholes finance failure.
That only occurs if wage growth exceeds productivity growth. How is it inflation has outstripped wage growth and corporations are making record profits?
If inflation is 6%, wage should be 6% higher or else you have less disposable income.
You are thinking like a true tardo thinking everyone just gets mega bucks then corporations match wage growth by increasing costs back on to consumers. You have it all back to front, stop sucking corporate jew dick.
You have somehow fucked up the terms equity and equality.
Equity is the principal interest on a property in excess of claims like a mortgage.
Fucking retard. Do you know how property investment works? You purchase a home in one area with high growth and low rental demand that attracts first home buyers which increases chance of state investment to develop civil works, this generates a property price increase. If you purchase home 1 at X$ * e.g. 0.17 expected growth in 4years then you reinvest that equity surplus into a new investment. So 17% extra of the value of property 1 into a future property and extend your mortgage.
You are laughably ignorant on how this all works whilst continuing to lecture me when you can't even understand the terms being used.
By all means continue to keep encourage legislators that are a driving factor of forced 'skilled' migration, killing us Whites, then laughably call me a commie, you compelte cunt.
[ + ] Belfuro
[ - ] Belfuro 0 points 1.3 yearsJan 10, 2023 20:54:33 ago (+0/-0)
So how about you shut the fuck up until you educate yourself on economics and history?
The problem with voat is that it is filled with reddit affected mindless socialist retards who are only here because they got booted by reddit mods for being too edgy.
Know this. Price fixing is evil and ineffective. You can learn this truism should you so be bothered
[ + ] o0shad0o
[ - ] o0shad0o 2 points 1.3 yearsJan 10, 2023 07:48:56 ago (+2/-0)
[ + ] UncleDoug
[ - ] UncleDoug [op] 2 points 1.3 yearsJan 10, 2023 07:54:32 ago (+2/-0)
A third option could be, why can't we have 8K TV and earn a living wage without wage cucking in perpetuity?
[ + ] bonghits4jeebus
[ - ] bonghits4jeebus 0 points 1.3 yearsJan 10, 2023 16:35:09 ago (+0/-0)
[ + ] Nosferatjew
[ - ] Nosferatjew 1 point 1.3 yearsJan 10, 2023 19:21:25 ago (+1/-0)
[ + ] shitface9000
[ - ] shitface9000 1 point 1.3 yearsJan 10, 2023 09:20:11 ago (+1/-0)
[ + ] boekanier
[ - ] boekanier 1 point 1.3 yearsJan 10, 2023 07:53:41 ago (+1/-0)
[ + ] PotatoWhisperer2
[ - ] PotatoWhisperer2 1 point 1.3 yearsJan 10, 2023 08:11:42 ago (+1/-0)
[ + ] Belfuro
[ - ] Belfuro 0 points 1.3 yearsJan 10, 2023 20:50:48 ago (+0/-0)
How about he first becomes a business owner of a block of flats by sacrificing a huge portion of his total life income.
Then he gets forced to hire me four days a week as the maintenance guy. Shit stays broken for three days a week. Twice the rate he can afford as mih living wage.
And I pay him half the going cost for my apartment because of government price fixing.
How's that sound Commie cunts?
[ + ] bonghits4jeebus
[ - ] bonghits4jeebus 0 points 1.3 yearsJan 10, 2023 16:34:00 ago (+0/-0)
[ + ]deleted
[ - ] deleted 0 points 1.3 yearsJan 10, 2023 13:05:49 ago (+0/-0)
[ + ] Version6
[ - ] Version6 0 points 1.3 yearsJan 10, 2023 09:00:57 ago (+0/-0)