Government says tenants don't have to pay rent if under hardship

Discussion in 'Property Market Economics' started by Jess Peletier, 20th Mar, 2020.

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  1. Peter2013

    Peter2013 Well-Known Member

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    That's bad [greedy] advice. Tenants should be keeping any savings for food.

    Do you really want to stave your tenant, and then have to deal with their dead bodies?
     
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  2. Sackie

    Sackie Well-Known Member

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    No one will scoff anymore at the wise notion of "saving for a rainy day"

    Ah whom I kiddin. Course they will.
     
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  3. skater

    skater Well-Known Member

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    I think you may be a bit emotional and getting a bit carried away. Nobody is starving their tenants. If a tenant can afford to pay up front, they will have enough for food.
     
  4. marmot

    marmot Well-Known Member

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    In the current market and with the situation continually evolving, its probably going to be quite difficult to evict people .
    Maybe its time to try and be nice to your tennant and help them through the next 6 months.
    The government hands back billions in dollars every year through negative gearing, now they are just asking investors to do their part.
    One of the original ideas of negative gearing was to help out investors every time interest rates went back up and the small profits turned into losses .
    It added a bit of stability to the market, and with super low interest rates its probably not required any more , if you consider the original reasoning fot its use.
    The government is just using the carrot and stick..
     
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  5. S.T

    S.T Well-Known Member

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    Whats the chances of the government stepping in to offer 'rental assistance' payments to tenants that go directly to landlords instead of just letting them not pay rent?
     
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  6. Omnidragon

    Omnidragon Well-Known Member

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    Lol the govt is a joke. I mean the whole media is.

    The other day I saw on current affair how people cancelled their weddings and were villanising how they couldn’t get their reception money back. I mean come on, the reception hall has probably pre ordered a bunch of stuff too. So they’re supposed to be out of pocket because of this?

    If tenants are allowed to not pay rent, am I allowed to not pay land tax and councils rates and mortgages? If I am then I’m happy for my tenant to not pay rent.
     
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  7. Angel

    Angel Well-Known Member

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    I am writing to my PM to advise that I want my tenants to feel secure at this time and that I will work with them to find the best solutions where there is as little pain as possible, or to that effect.
    One is a chef.

    I dont trust the govt (along with news.com.au) to get its act together though.
     
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  8. Lacrim

    Lacrim Well-Known Member

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    Seems to me the safest retirement strategy is to work till 65 at the earliest, get the pension and live happily ever after. No need to stress yourself with IPs and ETFs/LICs.

    And definitely don't buy your own home...rent and let the landlord subsidise your lifestyle if/when required.
     
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  9. marmot

    marmot Well-Known Member

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    Just do it the old fashioned way , pay of your first home , then buy your second and pay that off and then do the same with your 3rd.
    Quite a few people tell me home ownership is just as easy as it was 20 years ago with super low interest rates, so I dont understand why people cant manage to pay one off every 10 years.
     
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  10. MTR

    MTR Well-Known Member

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    unfortunately leftie ideology comes into play, see it on this thread

    landlords are greedy, how dare they work hard, try to get ahead so they can fund their retirement..... lol
     
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  11. Omnidragon

    Omnidragon Well-Known Member

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    If the govt cut my land tax I can cut tenant rents by 30-50%. Super greedy govt .... pity is in Victoria there is no credible alternative because it’s such a leftie society. I envy America having POTUS. That’s why I invest back in china/hk

    Even though I was young and I personally don’t like him as an individual, I miss Kennett era so much. Perhaps another 91 recession will bring Kennett II back (no not his son)
     
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  12. MTR

    MTR Well-Known Member

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    me too
     
  13. Omnidragon

    Omnidragon Well-Known Member

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    Let Current Affair know if they don’t subsidise you. They’ll follow the landlord until he gets depression and suicides. Then we can nationalise his home, set an example for other capitalist roaders and continue to villify him in his death.
     
  14. Omnidragon

    Omnidragon Well-Known Member

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    Let’s form a party. I want to kick their mob out as Murdoch said of Rudd.
     
  15. 2FAST4U

    2FAST4U Well-Known Member

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    Ideally that would be the preferred solution. However, this is a government that has been cutting the public service by death through 1000 cuts. Reading commentary on SMH it now takes 6 months for people to get processed for the Aged Pension and 4 months for people to get processed to go on Newstart. I applied for a job with the public service that was advertised on 12 November and only just got notification yesterday on 20/03/2020 that that my application was unsuccessful. "Due to the large number of candidates in this recruitment, feedback will not be offered".
     
  16. MTR

    MTR Well-Known Member

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    Are you serious??? Less than 6% own 3 properties and that does not necessarily mean they are unencumbered

    How many Australians own an investment property?
     
  17. KJA182

    KJA182 Well-Known Member

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    In a crisis, everyone is a socialist. Bailout nation. But who is doing the bailing?

    Not so long ago many on the left said Morrison was the Trump of Australia, a right wing nut job, etc

    Now the losses are socialised for everyone !
     
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  18. MTR

    MTR Well-Known Member

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    its not a bad idea, but I would in first instance wait to see whether the tenants are actually in financial pain, otherwise you may come across as in panic mode and put yourself in a vulnerable position
     
  19. MTR

    MTR Well-Known Member

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    I just hope the stimulus packages will work

    we are all in the same camp
     
  20. Sackie

    Sackie Well-Known Member

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    Financial hardships need to be backed up by proof. Landlords aren't banks. We also have a lot of responsibilities.

    And importantly, the vast majority of landlords are regular mums and dads also working for a wage who may be jobless and experiencing hardships themselves.

    Landlords are not lords. Just average folks also doing it tough.
     
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