Australia's largest stock trading and investment forum Australia's #1 stock forum

Renters take note, socialism isn't your friend, page-5

First 5 Last

Share
Profile

Follow
rayser

1,422 Posts.

43

23/03/24

12:38

Post #: 73025033
Share

Originally posted by Hingdog ↑

Victoria's greedy socialist government has been waging war against residential property investors for several years now, increasing red tape, making it harder to get rid of bad tenants and ramping up land taxes to extreme levels.

Unsurprisingly, investors are leaving the market in droves creating huge shortages in rental properties and that is going to get much, much worse unless the government changes direction quick smart

HC lefties will no doubt respond that the government needs to build the houses instead but they fail to actually think about that for even a second. It was budgeted to cost(we know how good Vic ALP are at doing things on budget) $750k to build each house in RURAL Victoria for the Comm Games, so that number is likely to be $1m in suburban Melbourne. The govt claims they're going to build 80,000 homes ... $1m x 80,000 = $80 BILLION. There's no way the govt can afford anything like that

View attachment 6055580

Keep voting ALP renters, you're putting the noose around your own neck

Expand

The more houses sold the more stamp duty they collect. Probably all planned this way by this sleazy govt.
5 Upvote

Reply

Top Stories

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

ASX Market Update: Index pulls back from record highs | October 16, 2024

JBY

James Bay latest lithium player to pivot to other metals amidst lithium slump

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 41 more messages in this thread...

First 5 Last

SPONSORED BY