anyone investing in uk property?, page-28

Passive,

you wouldn't know socialism if it hit you in the face

the greatest redistribution of wealth in australia is from those who dont own houses to those that do

the main reason a house has value is the road network to its front door (you can generate electricity, process sewage and manage water yourself)

this is paid out most (if not all) by fuel excise.

the reason why nobody cares is most people own both

a house, like a car provides a benefit to the owner at an expense

but imagine if cars were treated like houses and vice versa?

fuel excise would be 1 cent, rates would be 15k per year

the number of houses built would be without restriction in order to keep prices down

there would be 6% credit to buy cars and 12% to buy houses

government would introduce laws, to ensure 2nd hand cars retained their value, or even went up in price

the greatest welfare recipients in this country are property owners and investors

if rates reflected the true cost of housing to the general public they would be a liability to own just like everything else

look at how much land went up in price when the government offloaded its financial contribution to its subdivision to developers