Debt slavery folks...
This country is in big trouble with housing isn't it? I mean we are looking down the barrel of some interesting times in a few years (maybe 2 years) if the current economic climate continues to take place. People are holding on for rates to stop rising, but a key indicator the RBA is using currently to decide if to raise rates is inflation, food, petrol, and all that other junk we use to live our daily lives is going to keep going up, seriously, it is going through a long over due correction, who would have thought that we should be paying a fair price for the crap we dig and scrape off the ground?
My thoughts aside, inflation, it sucks, this country is in big trouble with its expansive policy setting of the last government. We have these things called "houses" that we live in, we have been sold to us by the powers that be that the "Aussie dream" is to own our own home. So then everyone got one, way back when, and then they had a great economic run for a long time and then got greedy and though "lets buy a bunch of houses, hell we only need to live in one, maybe have a second for a holiday home, but fuck that lets leverage ourselves to the eyeballs and get as many as we can con our locale money lenders into letting us buy".
So then people did, and the government changed the policy on everyone to let this happen even easier, slashing capital gains tax and giving us negative gearing options, those arseholes. They were selling it to us like it would make it easier for "the battlers" to get in and buy a house, but when you look at those policies, they are really only there to help multiple property owners (MPO), and these MPO's are dippy old people that have basically become slum lords because they buy shitful properties in inner city locations, but are too lazy and ignorant to develop them, so they rent it out at highly inflated prices and get rewarded for losing or making money on these properties, but will be at a servere financial disadvantage if they sell them, because everything is geared towards allowing people to buy investment properties, but penalising them to sell, what's the fucking point?
So now rents have risen, battlers are losing their homes because they can't afford shit, wealthy boomers are holding on to all their houses because there is no point selling it unless the prices are booming through the roof So now we are all going to sit around clutching our nads, with no houses to buy and rising rents, because in this climate no one wants to invest in housing because it costs a bomb and is a nightmare to organise, buy pre existing houses for massively inflated prices in a market that is declining in value, or sell houses and lose money, even the government is dragging their feet on building massive developments because quite frankly, no government in this country has ever made a good decision on public housing.
Why don't we wake up to ourselves and do something about these rent increases? Hell even a place like Dubai is capping rents, yes that's right, of all places, fucking Dubai is capping rents! Even European countries have sense when it comes to rental properties, they've been capping rents for, well forever, and have this little thing of valuing rental properties of $ / square metreage instead of Australia's $ / Wow factor + water front views.
I don't even know where I was going with this, so instead of editting it or deleting it, I'm just going to publish at and go lie in the bed where it is warm. Night.
My thoughts aside, inflation, it sucks, this country is in big trouble with its expansive policy setting of the last government. We have these things called "houses" that we live in, we have been sold to us by the powers that be that the "Aussie dream" is to own our own home. So then everyone got one, way back when, and then they had a great economic run for a long time and then got greedy and though "lets buy a bunch of houses, hell we only need to live in one, maybe have a second for a holiday home, but fuck that lets leverage ourselves to the eyeballs and get as many as we can con our locale money lenders into letting us buy".
So then people did, and the government changed the policy on everyone to let this happen even easier, slashing capital gains tax and giving us negative gearing options, those arseholes. They were selling it to us like it would make it easier for "the battlers" to get in and buy a house, but when you look at those policies, they are really only there to help multiple property owners (MPO), and these MPO's are dippy old people that have basically become slum lords because they buy shitful properties in inner city locations, but are too lazy and ignorant to develop them, so they rent it out at highly inflated prices and get rewarded for losing or making money on these properties, but will be at a servere financial disadvantage if they sell them, because everything is geared towards allowing people to buy investment properties, but penalising them to sell, what's the fucking point?
So now rents have risen, battlers are losing their homes because they can't afford shit, wealthy boomers are holding on to all their houses because there is no point selling it unless the prices are booming through the roof So now we are all going to sit around clutching our nads, with no houses to buy and rising rents, because in this climate no one wants to invest in housing because it costs a bomb and is a nightmare to organise, buy pre existing houses for massively inflated prices in a market that is declining in value, or sell houses and lose money, even the government is dragging their feet on building massive developments because quite frankly, no government in this country has ever made a good decision on public housing.
Why don't we wake up to ourselves and do something about these rent increases? Hell even a place like Dubai is capping rents, yes that's right, of all places, fucking Dubai is capping rents! Even European countries have sense when it comes to rental properties, they've been capping rents for, well forever, and have this little thing of valuing rental properties of $ / square metreage instead of Australia's $ / Wow factor + water front views.
I don't even know where I was going with this, so instead of editting it or deleting it, I'm just going to publish at and go lie in the bed where it is warm. Night.
posted by serp at 11:06 PM
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