Who's responsible for this mess?

Discussion in 'Property Market Economics' started by standtall, 29th Mar, 2019.

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Who is responsible for the current real estate crisis?

Poll closed 26th Apr, 2019.
  1. Royal Commission

    14 vote(s)
    13.7%
  2. Banking Industry (lending practices)

    43 vote(s)
    42.2%
  3. Regulators (RBA/APRA/Govt. Policies)

    62 vote(s)
    60.8%
  4. Mortgage Brokers

    5 vote(s)
    4.9%
  5. Global Factors

    8 vote(s)
    7.8%
  6. Migrants

    9 vote(s)
    8.8%
  7. Property Investors

    24 vote(s)
    23.5%
Multiple votes are allowed.
  1. Sackie

    Sackie Well-Known Member

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    In that case let ALL workers/employees and businesses receive the same broad based pay rises and not only selected segments of society.

    I'm sick and tired of my tax dollars going to those who refuse to want to do better in life and relying on the other folks.

    Granted, I'm sure alot of our tax dollars DOES go to worthwhile causes and genuine recipients in need. I am all for that and more than happy to help . But there is also a large segment of recipients who are just taking the ****. And I for one resent that my hard earned money gets wasted on these ppl.
     
    Last edited: 1st Apr, 2019
    kierank, Illusivedreams and Brady like this.
  2. TSK

    TSK Well-Known Member

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    Fwiw this is a terrible survey as it does not identify the issue with regulations or policy, it's not granular enough.
     
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  3. Illusivedreams

    Illusivedreams Well-Known Member

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    I just voted for Migrants as they were in last place ....
    I felt bad so i wanted to give them a boost in the tally.
     
    Ted Varrick likes this.
  4. albanga

    albanga Well-Known Member

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    Hang on are we talking about the same thing? Haha

    I’m talking about actual employees?
    Are you talking about government handouts?
     
  5. Joynz

    Joynz Well-Known Member

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    Hmmm. Which segments of the workforce on minimum wage do you object to exactly?

    Aged care workers? Cleaners? Or is it some other occupation?
     
  6. Sackie

    Sackie Well-Known Member

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    ah..lol im confused now. I thought you meant gov handouts.
     
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  7. Sackie

    Sackie Well-Known Member

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    All the above. I do not believe I should be funding any segment of society which has the ability themselves to earn more, seek other opportunities, cut spending etc.

    Now if its on an individual basis for specific cases to temporarily help them while they look for other opportunities, do more study etc then im happy to help.

    But i am against broad gov handouts of any kind. Centrelink already wastes more than enough of our money on BS schemes.
     
    kierank likes this.
  8. Joynz

    Joynz Well-Known Member

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    I can’t see how you think that increasing the minimum wage by a measly few dollars a week for the lowest paid workers is a ‘government handout’.
     
  9. Sackie

    Sackie Well-Known Member

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    I just don't believe in the underlying philosophy of handouts to anyone except those who really NEED it. Like I said, if individuals really need the help I'm all for it. But not a broad based handout just because they are in a certain profession .
     
  10. albanga

    albanga Well-Known Member

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    Haha I thought you were talking about workers.
    You and I don’t disagree often, thought maybe we were on a different page :D
     
    Sackie likes this.
  11. Sackie

    Sackie Well-Known Member

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    Let's turn this page and start over.

    Anyone for a discussion on BMV??

    :p:D:oops:joking mate
     
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  12. Perthguy

    Perthguy Well-Known Member

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    Australia is the country of handouts. The tax free threshold is a handout. Childcare rebate is a handout. Family tax benefit part A and part B are handouts. Superannuation tax concessions are handouts. Negative gearing is a handout. The 50% CGT concession is a handout. Everyone gets handouts. It's the Australian way.

    The alternative is real reform of the tax system to make it fair. lol. April fool
     
  13. marmot

    marmot Well-Known Member

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    You gotta remember that a lot of people heavily invested in property with high levels of debt dont want to see a breakout in wages as it could also see a sudden lift in interest rates , which does not suit there plans and would slow house growth even further .
    It defeats the purpose of negative gearing and I/O loans if house prices go nowhere for 10+++ years, and they never had the intention of actually paying off the principle of the loan.
    For older people with a few properties under their belt low wage growth hardly matters.anymore , but we benefited for years with really strong wage growth, and in many cases it was totally unrelated to productivity, we just happened to be around at the right time.
    Its the younger generation that have just gotten a home or are trying to save for a home that get hit the hardest, as they essentially go backwards as the cost of living rises faster than their wages.
     
    Last edited: 1st Apr, 2019
  14. Sackie

    Sackie Well-Known Member

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    I was reading that and thinking you must have overdosed on @kierank grog! you got me...booo :p
     
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  15. mickyyyy

    mickyyyy Well-Known Member

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    I dont think anyone is listening to me, It's @sash fault for this decline! :D:p:)
     
  16. sash

    sash Well-Known Member

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    Nah mon...its doobieee.....
     
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  17. inertia

    inertia Well-Known Member

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    ah, I see, you're referring to pensioners.

    cheers,
    Inertia.
     
  18. Sackie

    Sackie Well-Known Member

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    Yes obviously I'm refering to the folks who've been working for 50+ years and paid taxes for decades and are at the latter part of their lives :rolleyes::rolleyes:
     
    Last edited: 2nd Apr, 2019
  19. DAZ79

    DAZ79 Well-Known Member

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    Which is why IO lending to housing investors should be banned.
     
  20. Illusivedreams

    Illusivedreams Well-Known Member

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    We can look it from a different view.

    We have a lot of taxes.

    1. Capital gains tax
    2. Goods and services tax
    3. Tariffs on imports (Tax)
    4. Liquor (Tax)
    5. Income tax
    6. Fuel excise (Tax)
    7. Stamp Duty (Tax)
    8. Medicare Levi (Tax)
    9. Payroll (Tax) Yes a tax for employing people :)
    10. Departure tax
    11. Luxury car tax
    12. Corporate tax
    13. Trustee tax
    14. Superannuation tax
    and many more....................




    So when we encourage growth through limiting certain taxes is it really a hand out? Should we have had that tax in the first place?

    Or because we have we are so poorly managed and have endless welfare that we need so much tax.