Election Results and Potential Influence on Property Markets

Discussion in 'Property Market Economics' started by BuyersAgent, 21st May, 2022.

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  1. Dmash

    Dmash Well-Known Member

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    Housing is a place for somewhere to live. Business is an avenue to earn income.

    Huge difference
     
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  2. Sackie

    Sackie Well-Known Member

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    Huge ideological and philosophical differences in viewpoints.

    Will never change. Not that it has to.

    I let them do them and I do me.
     
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  3. standtall

    standtall Well-Known Member

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    Probably $10m in real estate assets - how many on this forum are even half of that?
     
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  4. Sackie

    Sackie Well-Known Member

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    He's a prime candidate to join PC and share his capitalist wisdom of investing.
     
  5. sash

    sash Well-Known Member

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    I am very entitled...I never get up before 9am.

    Getting me up at 5am will get you shot at dawn. :p

    Property is different to business....it offers more profits and less tax if done correctly and at the right time. A lot of people simply just buy and hold or get emotionally tied to it. A mistake in my opinion.
     
    Last edited: 24th May, 2022
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  6. Justin_Z

    Justin_Z Mortgage Broker Business Member

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    It's a property forum though, that's like me going to the stocks forum and saying how investing in stocks are bad because businesses exploit their workers, therefore by buying shares it's wrong.

    I appreciate balanced discussion and differing points of view, however I wonder what they get out of this. Attention perhaps?
     
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  7. Sackie

    Sackie Well-Known Member

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    I can't say for sure. Most folks here are investment focused which makes logical sense as this is a property investment forum to create wealth. Some others do want to create wealth but also have conflicting views, imo.

    Then you have (I believe you're referring to) the folks who obviously have their own agenda where wealth creation with RE isn't a factor, my best guess is its a mixture of,

    attention seeking/venting/anger/internal conflicts/political ideology ramming/bored at home.
     
    Last edited: 24th May, 2022
  8. sash

    sash Well-Known Member

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    You might be surprised.... if you are referring to @Dmash you might want to ask him what he owns .... if he is willing to share... it may surprise you.

    Having said that .... DO NOT believe what everyone posts .... you might be surprised how little some of the regular posters own. Something to think about ....

    What I have learnt from the years is people who own stuff can give the specifics .... and details of their properties and how they acquired it. But the ones who don't own much talk about mindset.... positive attitude..... text book risk management or other rubbish. This is what I have found over the year. Lets say over the years my BS radar is super honed!!
     
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  9. KJA182

    KJA182 Well-Known Member

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    ok, then lets remove the tax on investors claiming gains on investment properties too.

    you invest in something that makes a gain, thats on you. why does the taxman get to participate in the upside?

    If we agree to remove tax deductions for losses, we can agree to remove taxation on gains :) Fair is fair
     
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  10. Tony3008

    Tony3008 Well-Known Member

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    Isn't any business about meeting people's needs, whether essentials like food and housing, or higher needs like enjoying a concert or holiday. Undertakers are in business to make money (if they didn't they'd shut shop) but also to meet a need. We have no problem with this as long as they don't exploit the position they're in. So it should be with landlords. It should be a win-win.
     
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  11. Dmash

    Dmash Well-Known Member

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    Like all people who have largely vested interests in property, you are conflating personal opinions with facts.

    It’s fine to have an opinion but to debate facts is disingenuous. All I do here is provide an alternative view point evidenced with data, which since joining this forum has largely been correct (rates rising ✅ and dwelling values retracing in the capitals ✅).
    Now 6 months isn’t a long enough track record for me to gloat, but outside of residential property (of which I have offloaded high 7 figures in the last 6 months) I think I am well versed to form a relevant opinion on the directions of markets and share it here.

    If you don’t want to take it in that is fine, plenty of users here don’t agree with the view points but appreciate it and make informed decisions nonetheless.
    Balanced investing is a lot more beneficial than sticking one’s head in the sand and espousing “Property doubles every 7 years”
     
  12. matty_fu

    matty_fu Active Member

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    We don't do that around these parts ;)

    Also, isn't discussing the ethical and moral responsibilities part of investing in any market?

    I own a single PPOR, and considering buying my first IP but I'm still undecided if my values allow it... so coming on here helps me to learn a bit more (i.e. no investors = no rentals, which is also not a great situation).

    Plus I also find moral bankruptcy entertaining, and there's a fair chunk of it floating around, mixed in with a good dose of sociopathy
     
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  13. Redom

    Redom Mortgage Broker Business Plus Member

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    Food is something to eat. Business is something to earn income. Huge difference!

    The private sector provided much of the essentials we rely on. Food, energy, housing, clothing, etc. Businesses earn income providing these essential goods to consumers.
    Housing provides income to those who create it, and those who own it. In this country the household sector owns the majority of housing. In some it’s institutional. Rarely is it governments.

    This isn’t an Australia thing. The liberal democracies of the world all do the same (not sure what the communist countries do, traditional models will involve government ownership of housing).
     
    Last edited: 24th May, 2022
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  14. Dmash

    Dmash Well-Known Member

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    I understand the different ethical view points of investing in property and am not 100% averse to it.

    What I maintain is that it will not be the best use of funds over the next 3-5 years. There will be much better earners than resi property.
     
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  15. sash

    sash Well-Known Member

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    Mate ... not sure if you are comfortable but maybe you can let them in on where you have property? ;)

    That will get dem talkin':p:D
     
  16. sash

    sash Well-Known Member

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    Yep... spot on.

    A lot lose sight of the wood from the trees around morals when investing.

    The other thing which irritates me no end is that all people have the same opportunities and things like positive attitude, working hard, etc. Pure rubbish from what I have observed.

    Put these people in the middle of commission housing in the Druie and SW and then see if they survive.:p:D

    These comments come from people based in the Eastern suburbs....
     
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  17. Dmash

    Dmash Well-Known Member

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    I’m much prouder of the equities portfolio than I am of the housing! No need to brag, there’s many much much much better off than me
     
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  18. Piston_Broke

    Piston_Broke Well-Known Member

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    After subdividing their chicken farms many people are doing ok around here ;)

    Keating's answer to inflation was reducing taxes, let's see how many tax cuts we get.
     
  19. Illusivedreams

    Illusivedreams Well-Known Member

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    Food Is there to eat
    Education( universities)
    Clothing
    Vehicles are a necessities to
    How about electricity for heating and cooking gas

    Where do you draw the line?


    Socialism is a slippery slope i lived under socialist rule and its less than ideal.
     
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  20. Justin_Z

    Justin_Z Mortgage Broker Business Member

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    Where has that happened? Your comment was:

    What you're suggesting then is that your opinions are facts?

    Housing is a certainly place to live, it doesn't also mean that it cannot be an investment vehicle. Historically this has been the case in Australia, and in many countries across the world. Some here have done incredibly well with it.

    There's a concept called dialectics, where both concepts can be true. However, it seems according to you it can only be a place to live and not to invest? Happy to be corrected on this.

    This then leads on to the next point which is based on what I've come across with your posts, is that it is largely negative towards property in general regardless of markets. I mean, it's a free world so choose what you want to do, but like I said before, it's a bit odd going onto a forum to constantly bash the very topic the forum was created for.
     

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