What is Scott going to do

[martinw-48]

https://www.abc.net.au/news/2019-06-26/scott-morrison-us-trump-xi-china-trade-war-damage/11246486?pf...

Maybe he could try wearing different baseball caps until the problem is solved.
It won him the election.
Surely it can fix any problem

[lyhargr_0]

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@martinw-48 wrote:
I have little money and nothing to lose in a recession and nothing to gain in a boom.
You on the other hand do.
Good luck you need it I don't

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I am the same, have never felt the NEED to be greedy and chase the BIG bucks, very happy and emotionally secure the way I am

[go-tazz]

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@chameleon54 wrote:

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You mention negative gearing as the cause for high house prices, but I would suggest it is just a symptom of a bigger problem, rather than the cause. For house prices to rise the single most essential element is demand. If there is not the people to fill all of those rental properties, rents will fall and investment house prices will tend to follow, negative gearing or not,  making it a poor choice for investors.

The problem negative gearing has created is that a lot of high income earners are buying the houses as it benefits them the most and then charging rents that are to high for lower income earners.

Unfortunately that's starting to create more homeless people who simply can't afford those rents and the housing trusts/commissions have sold some of their houses and aren't building new ones so there is a short supply of available housing at an affordable price.

We have more demand than supply, due to immigration policies. This is pushing prices higher making housing an attractive option for investors. Negative gearing is just the mechanism currently employed to meet the rising demand. Take away the demand ( large population increases through immigration )  and house prices will definately fall away. ( slowing an already fragile economy )

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Negative gearing, estimated to cost the budget around $4.5 billion a year,is a tax break which has failed to achieve any benefit, such as lowering housing costs for lower-income Australians and has in fact done the opposite and made renting unaffordable for most.

[lyhargr_0]

Ahh but the wealthy are only interested in feathering their own nest/s, the poor can look after themselves or better still just disappear

[martinw-48]

https://www.abc.net.au/news/2019-06-28/scott-morrision-meets-with-donald-trump-at-dinner-in-japan/11...

If sucking up is going to fix it.
Scott's got it nailed

[myoclon1cjerk]

I saw the love-in on TV. The guys from the State Department were smiling. Probably thinking "This sucker will be a pushover" 😄

[martinw-48]

He probably got one of those MAGA caps off the Cheeto Bandito and figured that'll do

[chameleon54]

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@lyhargr_0 wrote:

Yet another "poor" but greedy  farmer lol

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I,m not sure if you have kids, but theres nothing greedy about wanting to assist them to have a stable place to live. We are just in the process of helping our 19 yo son get started on the property ladder. He has found it nearly impossible to rent and has actually been homeless on occasions, couch surfing and occasionally even sleeping in a tent. ( you can make your silly LOL remarks, but you have absolutely NO idea of my real circumstances ) 

Spoiler

Theres plenty of stuff I never mention here on a public forum.

We are assisting him with the purchase of a nice 800 metre block of land, close to services and with a lined tin shed / fishermans shack on it. ( yes walking distance to the beach.....   ) Bare cement floors and one bedroom. I doubt that many others would want to live in it, but once we move a few walls around, put a new roof over it, reclad the exterior and get the plumbing and wiring sorted it should come up quite nicely. ( and yes I will do most of the work myself to keep it affordable )

The daughter is 17 and still at school, but she is already saving 60% of her wages from her part time job at a fast food joint and has a plan mapped out to purchase her first home by age 20. Thanks to the fact that we work hard and earn a few dollars we will be able to help her to achieve her dream of home ownership. By the time the kids are 40 they should have their houses paid off.

So when it is so hard for the kids to even contemplate owning their own homes, is working for a living and earning a few dollars to help them get started  such a crime ? . 

Spoiler

Green monster maybe ?

[lyhargr_0]

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@chameleon54 wrote:

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@lyhargr_0 wrote:

Yet another "poor" but greedy  farmer lol

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I,m not sure if you have kids, but theres nothing greedy about wanting to assist them to have a stable place to live. We are just in the process of helping our 19 yo son get started on the property ladder. He has found it nearly impossible to rent and has actually been homeless on occasions, couch surfing and occasionally even sleeping in a tent. ( you can make your silly LOL remarks, but you have absolutely NO idea of my real circumstances ) 

Spoiler

Theres plenty of stuff I never mention here on a public forum.

We are assisting him with the purchase of a nice 800 metre block of land, close to services and with a lined tin shed / fishermans shack on it. ( yes walking distance to the beach.....   ) Bare cement floors and one bedroom. I doubt that many others would want to live in it, but once we move a few walls around, put a new roof over it, reclad the exterior and get the plumbing and wiring sorted it should come up quite nicely. ( and yes I will do most of the work myself to keep it affordable )

The daughter is 17 and still at school, but she is already saving 60% of her wages from her part time job at a fast food joint and has a plan mapped out to purchase her first home by age 20. Thanks to the fact that we work hard and earn a few dollars we will be able to help her to achieve her dream of home ownership. By the time the kids are 40 they should have their houses paid off.

So when it is so hard for the kids to even contemplate owning their own homes, is working for a living and earning a few dollars to help them get started  such a crime ? . 

Spoiler

Green monster maybe ?

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Not going to even justify your post with an answer lol

[chameleon54]

lyhagr_0 unable to think of any suitable response except more LOL's .... That's a first.

As has already been noted on this thread home ownership is becoming a nightmare for most young Australians. It is almost impossible for young people to get started in property ownership without help from family. Intergenerational poverty is becoming the norm, with many parents never owning their own home and unable to assist their kids to get started on the property ladder, locking them into a life time of insecure renting at the whim of landlords. 

Access to public housing is no longer available to young people unless you are a homeless single mum with a newborn child or a drug addict who has recently completed a court ordered detox programme and rental agencies will not even look at teenagers.

The whole housing system is broken. Governments are not going to fix it as the problems are structurally ingrained in our economy ( too politically and ecenomically difficult to fix now )  so the only way people can break the cycle is to work a bit harder, earn a few more dollars and give the kids a start. It is understandable that those who have chosen not to put the effort in then feel a sense of envy towards others who work hard and set their family up for home ownership, labelling them as greedy..

It highlights the greatest weakness in the socialist form of government. It simply ignores human nature. While the socialist system relies on the equal sharing of wealth between all members of society, ( great in theory ) it ignores the fact that if people don't see a reward for effort, they simply wont put in any effort, instead relying on the state for everything. This is why socialism always fails. The system encourages its members to live a life of mediocraty, never striving to achieve anything. ( no reward for effort ).  When enough people adopt this attitude a nations finances collapse and living standards fall.

[martinw-48]

Wow.
So only if money is made is effort achieved.
Not everyone needs a financial reward to do something
Some people actually do stuff just to feel good
Or woe forbid for personal esteem
Then there are the true patriots that do stuff for the betterment of the country and society
Although there are less and less of those nowadays just look at the figures of volunteers
Chamo, you completely ignore the fact that the reason no Socialist state has succeeded is because of the greedy people that float to the top and steal from their citizens.
And therefore is the crux of the problem.
The greedy.
You go for it mate.
Get what you want.
Build that dynasty.
But don't for one minute make out it is the right thing to do.
Humans have lived on this planet for millions of years without money.
We can do it again but it requires intelligence.
True intelligence not the faux intelligence of wealth.
Also the belief that the needs of the many outweigh the needs of the few