Govt bailing out mum & dad investors

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

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  1. Blueskies

    Blueskies Well-Known Member

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    Let's be real, ALP would be doing mostly the same things as the Libs are right now stimulus wise. Both sides are made up of politicians, their skills are in winning votes and navigating party politics. They both would be taking advice from RBA, Treasury, APRA on the best course of action.

    Talk about thinking more than 6 months ahead, you should be very happy ALP aren't in power, otherwise they would cop another decade of criticism for their "economic mismanagement" during a financial crisis.
     
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  2. wylie

    wylie Moderator Staff Member

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    What handouts are we "property market capitalists" going to be getting from the government? :rolleyes:
     
  3. kierank

    kierank Well-Known Member

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    Bill Shorten must now be so glad he lost the un-losable election ;).
     
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  4. DrunkSailor

    DrunkSailor Well-Known Member

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    you might be right, im just following stephen kouk on twitter and he makes a lot of good points.
     
  5. Timb89

    Timb89 Well-Known Member

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    There was a post by gabbaking earlier that mentioned a few that you didn't respond to.

    But the latest handout out will be the mortgage holidays. Banks can do so with the safety of knowing they will be bailed out by government.

    Banking in Australia is the opposite of free market capitalisim. The banking sector props up the property market by distributing credit at cheaper and cheaper rates, increasing household debt and look putting more fuel to impending recession/depression.
     
    Last edited: 21st Mar, 2020
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  6. mtat

    mtat Well-Known Member

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    Only property investors refer to themselves as "mum & dad investors". Probably for sympathy points.

    Nothing special about investing in property and simultaneously popping out kids.
     
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  7. MTR

    MTR Well-Known Member

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    and we pay stamp duty when we buy

    I also pay GST on my developments

    so tax man taking a bite at each end....


    Handouts..... very funny

    :rolleyes:
     
    Last edited: 22nd Mar, 2020
  8. Fargo

    Fargo Well-Known Member

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    So you cant find a government hand out ? You have to twist a delayed payment to pretend it is a handout.
     
  9. MTR

    MTR Well-Known Member

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    Click bait title :rolleyes:


    shame this is another one of those leftie useless threads

    happy trolling
     
  10. Timb89

    Timb89 Well-Known Member

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    I just did, refer above.
     
  11. Timb89

    Timb89 Well-Known Member

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    Not agreeing with bailing people who freely got into debt out is not the same as being a leftie. It's literally the exactly the opposite. What an embarrassingly wrong statement to make.

    Property chats definition of a leftie: someone who thinks the property market has deviated from true value because of centralised banking.
     
  12. MTR

    MTR Well-Known Member

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    Internet troll - Wikipedia
     
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  13. Timb89

    Timb89 Well-Known Member

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    "In Internet slang, a troll is a person who starts quarrels or upsets people on the Internet"

    You've freely entered a forum that is discussing exactly what the thread suggests.

    People disagreeing with you just seems to upset you, and you've got no further argumentive option to quell your cognitive dissonance than to call people trolls.

    Ironically, something you and the lefties have in common.
     
  14. essendonfan

    essendonfan Well-Known Member

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    Read the room mate, people across the country (property investors and renters) are worried.

    Show a bit of empathy.
     
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  15. MTR

    MTR Well-Known Member

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    Dont feed the troll guys..... ignore him

    Do a search on his posts..... his a bored troll.... same old same
     
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  16. Timb89

    Timb89 Well-Known Member

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    Nope. None was shown to first home buyers as prices raced away at unprecedented rates for the past 10 years. They were told to take on increasing amounts of debt and required to save for larger and larger deposits, adopting more risk, as any savings interest they were earning went to 0 to support this system.
     
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  17. wylie

    wylie Moderator Staff Member

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    I’ve never referred to myself as such. It is the media and the trolls who coined “mum and dad investors” as a derogatory, throwaway insulting term.
     
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  18. Alex P Keaton

    Alex P Keaton Well-Known Member

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    Hi no that was another ip
     
  19. Alex P Keaton

    Alex P Keaton Well-Known Member

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    Anyhow things will be fine. I’ve found a way to cut some costs. Should free up some more money if I just cut back on a few takeaways stuff like that. Non essential spending. Just need to change my lifestyle a bit and tighten the belt. No probs.

    But apparently if you are under financial hardship you can pull out $20,000 from your super but I don’t think it’ll come to that.

    Grateful I’m a permanent employee. My job is secure
     
  20. Alex P Keaton

    Alex P Keaton Well-Known Member

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    Hi no I’m referring to my ip. I live in my ppor

    Both my poor and Ip went p & I and it’s been a challenge. I’ll be fine. Ive found a way. Will be budgeting more seriously.

    A penny saved is a penny earned!!