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Cops and army conducting "routine compliance checks" in remote communities while I buy a burger and push through a thousand people to get to the discount Ralph polos.
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May 14, 2020 01:48
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Turks posted:Any attempt to reduce house prices that affects everyone equally regardless of their circumstances is doomed to fail. The only way to reduce house prices is to make them unattractive as an investment. And ending negative gearing.
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May 14, 2020 02:00
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CelestialScribe posted:And ending negative gearing. perish the thought that homeowners have a financial incentive to improve the quality of housing stock overall
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May 14, 2020 02:19
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JBP posted:Cops and army conducting "routine compliance checks" in remote communities while I buy a burger and push through a thousand people to get to the discount Ralph polos. The authorities only know one trick when it comes to dealing with indigenous communities and all it ever does is make people there feel less safe, but they can't stop doing it because that would imply the approach was wrong, and no law enforcement in this country would ever admit to making a mistake.
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May 14, 2020 02:32
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Buzzfeed Aus (and UK) is getting out of journalism. At least the job market is good. Now to take a big swig of coffee and check the latest employment stats https://twitter.com/chrisedmond/status/1260744571018858496?s=20
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May 14, 2020 02:45
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Les Affaires posted:perish the thought that homeowners have a financial incentive to improve the quality of housing stock overall The financial incentive of "I can charge more rent and/or attract better tenants if I offer a better place" should be enough
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May 14, 2020 02:52
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Les Affaires posted:perish the thought that homeowners have a financial incentive to improve the quality of housing stock overall This is 100% the actual effect of negative gearing on housing, gold star.
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May 14, 2020 03:08
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One Nation unsurprisingly voted with the Government to allow the FWA changes that require only 24 hours notice before a vote to change conditions.
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May 14, 2020 03:12
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Solemn Sloth posted:This is 100% the actual effect of negative gearing on housing, gold star. There needs to be some other kind of improvement incentive. I'm not sure what the tax implications of repairs are, but you should get some kind of tax relief (for an individual) if you are improving a property that isn't just whole hog negative gearing bullshit. This might already exist, as I said idk but I think an individual or family tax return should be able to get a boon from fixing a rental or improving the site.
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May 14, 2020 03:13
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All that actually needs to happen is for minimum standards for rental properties to be present and enforced.
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May 14, 2020 03:20
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Turks posted:All that actually needs to happen is for minimum standards for rental properties to be present and enforced. pretty much
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May 14, 2020 03:23
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Turks posted:Some things which would help are: A land tax applied across the entire state based on GRV would be a good start. None of the current "you can have an exemption if it cost less than X, or it's your primary residence" Even if you made it quite small to start with, perhaps have the council's collect it with the rates on behalf of the state to reduce administrative overhead. Then slowly remove stamp duty as you increase the land tax rate. I find it hard to believe that the land tax bill to replace stamp duty would be very large, given its much larger base and annual (rather than 10-30 year) payment frequency. Assuming 20% of property changes hands every year and a $30k stamp duty (3% of $1mil) you would need to charge about ~$400/year to replace that income from that property. You could even ease it in to start with to make it more fair to those that already paid stamp duty - if your house was bought before implementation date (and you weren't stamp duty exempt) you get some decreasing discount per year for X years from purchase date. Edit: I think my math is wrong.... But I can't be arsed figuring it out norp fucked around with this message at 03:39 on May 14, 2020 |
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May 14, 2020 03:36
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Turks posted:All that actually needs to happen is for minimum standards for rental properties to be present and enforced. I'm talking above and beyond, minimums should obviously be mandatory with no compensation.
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May 14, 2020 03:37
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norp posted:Edit: I think my math is wrong.... But I can't be arsed figuring it out I did some googling, and about 7% of housing stock in the us changes hands every year. So I'll use that figure for lack of an Aussie one. That means on average each house changes hands every 14 years, that seems to come out at $2.1k/year for the $30k stamp duty replacement. That seems quite a bit higher than I expected.
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May 14, 2020 03:43
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JBP posted:I'm talking above and beyond, minimums should obviously be mandatory with no compensation. This doesn't seem to be happening much with negative gearing in place though. Most are just hanging out for capital gain (to use as equity for another mortgage)
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May 14, 2020 03:46
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Solemn Sloth posted:This doesn't seem to be happening much with negative gearing in place though. Most are just hanging out for capital gain (to use as equity for another mortgage) i wonder how many are still hanging out for capital gain now
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May 14, 2020 03:48
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I on balance don't mind Negative Gearing. It has upsides and downsides. What exacerbates its effects is the capital gains tax reduction/refund that's been tagged along since the Howard years (I believe). That's to my mind is what props up the heat triangle that is our overheated housing market, begging to suddenly pop.
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May 14, 2020 03:58
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Morrison said he doesn’t want industries to be kept alive with subsidies. Who wants to tell him.
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May 14, 2020 04:03
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Les Affaires posted:i wonder how many are still hanging out for capital gain now she'll be right, they're not making new land, prices always go up!!!
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May 14, 2020 04:03
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Negative gearing is in the vast majority of cases used on existing stock. I wish I could find the really good rundowns we found when the negative gearing debate was in full force. It doesn't help property prices and it doesn't help rental prices, it's wealth transfer to people who can afford to buy multiple houses.
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May 14, 2020 04:04
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Houses in general just shouldn't be investment vehicles. The Government should encourage further investment in superannuation (alongside a better funded pension plan) and instead promote home ownership as a community benefit, not a financial one.
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May 14, 2020 04:20
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JBP posted:I'm talking above and beyond, minimums should obviously be mandatory with no compensation. Yes, no random mould spots, drains/gutters that haven’t been cleaned in a decade, cooling/heating servicing, etc. That’s just all basic building maintenance to me. If you can’t afford it, you’re in the wrong business.
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May 14, 2020 04:24
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If we hosed off negative gearing, it would also incentivise the people that only invest in property because of it to instead invest in something that has economic benefit rather than harm.
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May 14, 2020 04:36
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Doctor Spaceman posted:Buzzfeed Aus (and UK) is getting out of journalism. Thats still better than I would have expected. I really thought we'd be closer to 10%
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May 14, 2020 04:41
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CAT INTERCEPTOR posted:Thats still better than I would have expected. I really thought we'd be closer to 10% Watch them remove JobKeeper and it spike to 20 percent
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May 14, 2020 04:43
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A lot of big biz is using Corvid as an excuse to lay off staff and become "leaner" Flooze Corp keeps on flogging off jobs to India and the Philippines. Layoffs have already happened with more to come and no media outlet is reporting on it because the organisation is layered in secrecy.
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May 14, 2020 04:46
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CAT INTERCEPTOR posted:Thats still better than I would have expected. I really thought we'd be closer to 10% https://www.theguardian.com/world/live/2020/may/14/australia-coronavirus-live-updates-nsw-victoria-qld-lockdown-politics-latest-news-update?page=with:block-5ebcb3388f08a55ecde599bc#block-5ebcb3388f08a55ecde599bc posted:Chief economist at Ernst & Young, Jo Masters has had a look at the unemployment figures and agrees – they are hiding a lot. And also this just under it: https://twitter.com/CallamPickering/status/1260750691825356801 So overall things are a fair bit worse than they are saying. Granite Octopus fucked around with this message at 04:53 on May 14, 2020 |
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May 14, 2020 04:50
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Hey how about if we want to get Australians into jobs we make offshoring of work illegal and force companies to hire Australians if they want to work in Australia?
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May 14, 2020 05:17
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I'd say the stats right now are basically worthless beyond "yes, Covid-19 has had an impact on the economy". So many people are sat in the JobKeeper/JobSeeker/Reduced Hours/Reduced Pay limbo right now not knowing themselves what their situation is looking like beyond the next week or two that it's absurd to think analysis of the entire country can know all their situations. Will probably be a couple of months at least until we really know what the April/May state of things was.
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May 14, 2020 05:30
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Trouble in Vic Soc paradise
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May 14, 2020 05:30
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hooman posted:Hey how about if we want to get Australians into jobs we make offshoring of work illegal and force companies to hire Australians if they want to work in Australia? That would push wages up, so it's a no-go. Better to have like 30% unemployment and make us fight each other for access to terrible jobs.
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May 14, 2020 05:31
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Is it splits?
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May 14, 2020 05:43
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Lol, it’s splits.
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May 14, 2020 05:44
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Did the Post Office Hotel run out of foie gras?
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May 14, 2020 05:52
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Oh look socialist alternative gently caress it all up again shock
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May 14, 2020 06:01
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lol, loving hilarious Victorian socialists are 100% useless.
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May 14, 2020 06:03
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I warned you about splits bro.
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May 14, 2020 06:26
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hooman posted:Negative gearing is in the vast majority of cases used on existing stock. I wish I could find the really good rundowns we found when the negative gearing debate was in full force. It doesn't help property prices and it doesn't help rental prices, it's wealth transfer to people who can afford to buy multiple houses. Yeah I'm fine with negative gearing on new properties, but right now rich people use it to speculate on land values in inner and middle ring suburbs of various state capital cities.
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May 14, 2020 06:41
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And just in case you all had surprise lobotomys. A timely reminder that the spud never sleeps. https://www.theguardian.com/austral...nder-new-powers
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May 14, 2020 06:51
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May 14, 2020 07:55
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