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Muz said:
Does he whinge about migrants and the 'cost of living crisis' the poor lad is suffering from?

The amount of whinging builders I see driving big fuck off Rams, Hiluxes and Ford Rangers is out of control. They all own boats and jet skis of course. 'Oh poor bugger me I'm doing it so tough'.

Meanwhile a single mum down the road is living in a car with her 2 kids.

But yeah that's OK because I own 5 houses and they're paying themselves off.
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Nah.....He has a bog standard work ute normally, drives a Lexus for him and his missus.

He does whinge a bit but normally it's about Leeds United....reckons they'll get relegated......

The tendency to expect the worst-case scenario to happen is endemic within the Leeds fan's psyche....🤣
 
patjennings said:
I know that early on after the 2019 loss Albanese told a failed candidate in northern NSW that the Shorten changes would never come back. But I see this as a similar to the stage 3 tax cuts. Albanese knows that the growing demographics are changing and the younger votes want these changes while the older voters are dying off. Expect the ALP to be doing what they can in the current framework until three to four months before the next election. If they do something now there is 2 years of negative press about why it is the wrong move. Closer to the election it will be supported for two reasons. One it is good policy and two the Liberals won't want to be seen as standing in the way that close to an election where the alternative may well be the end of the party.
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Mate fingers crossed but I've been really disappointed in Albo on housing. Everything every government has done over the past few decades has just fanned the flames.

They really need to get dead serious about this or the country is going to fall to bits.
 
Football us life said:
Nah.....He has a bog standard work ute normally, drives a Lexus for him and his missus.

He does whinge a bit but normally it's about Leeds United....reckons they'll get relegated......

The tendency to expect the worst-case scenario to happen is endemic within the Leeds fan's psyche....🤣
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TWO cars?? Shit the governemnt should take one of them off him to house the single mothers.
 
What I meant with the "tradie's in high demand" comment was more to do with the various of solving the housing shortage crisis. It wasn't meant as a criticism of any government or political policy just an observation really....

I would not want to be the government minister tasked with solving this issue. There are so many layers to it.

I think the Federal Labor Government has one helluva job on it's hands. I think the various State Governments do too, whatever their colours

I also think muz is right about social housing. I think Australia needs to build a sovereign wealth find that invests in its own social housing. It's also time to tax to build. I'd start by taxing the mining conglomerates more and these hugely profitable superannuation funds who are both making a lot of easy money.....

You cannot have a mother and her tow kids sleeping in her car. It's a disgraceful situation for any first world country.
 
Football us life said:
What I meant with the "tradie's in high demand" comment was more to do with the various of solving the housing shortage crisis. It wasn't meant as a criticism of any government or political policy just an observation really....

I would not want to be the government minister tasked with solving this issue. There are so many layers to it.

I think the Federal Labor Government has one helluva job on it's hands. I think the various State Governments do too, whatever their colours

I also think muz is right about social housing. I think Australia needs to build a sovereign wealth find that invests in its own social housing. It's also time to tax to build. I'd start by taxing the mining conglomerates more and these hugely profitable superannuation funds who are both making a lot of easy money.....

You cannot have a mother and her tow kids sleeping in her car. It's a disgraceful situation for any first world country.
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I think Muz is 100% right about social housing... I also think the skills shortage, especially in construction, needs to be solved (at least in the short term) through clever immigration policies... What I DONT agree with is punitive Marxism.
 
Football us life said:
What I meant with the "tradie's in high demand" comment was more to do with the various of solving the housing shortage crisis. It wasn't meant as a criticism of any government or political policy just an observation really....

I would not want to be the government minister tasked with solving this issue. There are so many layers to it.

I think the Federal Labor Government has one helluva job on it's hands. I think the various State Governments do too, whatever their colours

I also think muz is right about social housing. I think Australia needs to build a sovereign wealth find that invests in its own social housing. It's also time to tax to build. I'd start by taxing the mining conglomerates more and these hugely profitable superannuation funds who are both making a lot of easy money.....

You cannot have a mother and her tow kids sleeping in her car. It's a disgraceful situation for any first world country.
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I'm sympathetic to making sure multinational mining companies pay their fair share of tax (and any other multinationals for that matter), and agree that mining companies should also pay fair royalties. I wonder though why you target super funds. What is your reasoning behind why they should pay more tax? Why not other companies, e.g., retail, manufacturing, health, telecoms, just to randomly name a few sectors?
 
Keeper66 said:
I'm sympathetic to making sure multinational mining companies pay their fair share of tax (and any other multinationals for that matter), and agree that mining companies should also pay fair royalties. I wonder though why you target super funds. What is your reasoning behind why they should pay more tax? Why not other companies, e.g., retail, manufacturing, health, telecoms, just to randomly name a few sectors?
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Superfunds, or those funds run by financial institutions, I should say, are charging members fee levels that are very high when compared to some passive investment options or pension systems in other countries.

Costs are too high in Australia because the system assumes that account holders will make choices that will generate pressure for lower fees. Yet this approach has not worked for decades Superannuation is inherently opaque, and
few people can make or care to make an informed choice.

There's definitely a rort element in some of these financial institutions run superfunds in terms of how they might make profits.

They get your money for nothin', and get your chicks for free....

So I'd tax them more heavily just for spite!!
 
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Football us life said:
Superfunds, or those funds run by financial institutions, I should say, are charging members fee levels that are very high when compared to some passive investment options or pension systems in other countries.

Costs are too high in Australia because the system assumes that account holders will make choices that will generate pressure for lower fees. Yet this approach has not worked for decades Superannuation is inherently opaque, and
few people can make or care to make an informed choice.

There's definitely a rort element in some of these financial institutions run superfunds in terms of how they might make profits.

They get your money for nothin', and get your chicks for free....

So I'd tax them more heavily just for spite!!
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You hit the nail on the head, some people can't be bothered enough looking after their own money to make an informed choice about where their super is held. Everyone has the choice to go elsewhere, to lower cost funds. As long as the for-profit super funds aren't blatantly ripping them off, then I believe that caveat emptor applies.
 
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Keeper66 said:
You hit the nail on the head, some people can't be bothered enough looking after their own money to make an informed choice about where their super is held. Everyone has the choice to go elsewhere, to lower cost funds. As long as the for-profit super funds aren't blatantly ripping them off, then I believe that caveat emptor applies.
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yep
Hence having a SMSF
 
Monoethnic Social Club said:
??? What part of my statement did you perceive as blaming immigrants? Your barking up the wrong tree as usual here.

My argument to Muz was that these new immigrants need access to cheap housing, at least until they can afford to enter the housing market in a meaningful way themselves... If there are no houses to rent and the cost of building is sky high so Yes, any new houses are by extension sky high in price, where are these people going to live? There isnt any sufficient social housing stock anymore is THAT my fault as well?
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Yes, but this just takes us back to the issue of investors hoarding property. I'm not saying it is the only issue. Yes, we have a supply issue that desperately needs to be fixed, but the reason we have the lack of supply goes deep. It's one that would require a lengthy response and look into.

Other than that though, when you have investors who hoard property and push up prices, those people coming in are already priced out. Not to mention that there is a large number of properties sitting vacant or being used for AirBNB, when those houses could be on the market. Investors don't give them up easily though and there is no push from the government to do anything about it.
 
Keeper66 said:
You hit the nail on the head, some people can't be bothered enough looking after their own money to make an informed choice about where their super is held. Everyone has the choice to go elsewhere, to lower cost funds. As long as the for-profit super funds aren't blatantly ripping them off, then I believe that caveat emptor applies.
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* Disclaimer

I have a massive issue with some of these 'for profit' superfunds....

A while back there was a Productivity Commission inquiry into the superannuation sector which was scathing. It found there were too many unwanted accounts, too many underperforming funds and too many funds charging exorbitant fees.

Not to mention executive salaries where the renumeration wouldn't be out of place in the world of retired politicians doing 'bits and pieces' as corporate advisers, consultants, or board directors. Often in the financial services sector...

The long-term consequences of superannuation policy failures are enormous. The long term benefits for retired politicians 'working' in the financial services sector are also enormous.

These shysters are only doing what they are allowed to do, of course.

If I was the Treasurer of Australia I would look at their profits and look at ways of returning more of it back into society.....
 
Monoethnic Social Club said:
Yeah figures... they way you "converse" on any topic never wavers... I hope you get to own a home one day.
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I converse with an open mind. I've often changed my view point when compelling evidence is brought forward. Heck, I've agreed with sutho on here.

I too hope I get to own a home, however, last time I spoke to a bank, they offered me what would be worth half a home. I'd have to move at least 6 hours from my work to afford what they offered. This despite having a secure career that pays well, great credit, and no major debts.

So again, tell me how the fact that house prices continue to rise, and governments have actively said they want it to keep doing so, are not their fault.
 
Muz said:
Are you serious? If there are 10 houses and 9 would be bought by investors and they can't buy them who do you think they're going to go to?

Supply increases when demand drops. That's economics 101.

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If investors are locked out, who is going to build the properties?

It has taken some time to get through this thread but I think the theme of the argument isn't that properties are too expensive and you (other people?) can't afford a home, it's that you can't afford a home in the area you want.

Below is a link to 2,000 + homes/properties on sale now for roughly $50,000 - $150,000 asking price.
https://www.realestate.com.au/buy/between-50000-150000/list-1?source=refinement

I'm sure if you do your research, you will be able to find properties where the rent higher than the ongoing maintainance of the property and you can create a positive income stream.
 
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