"Sorry John that is allot of sociallist crap. Whether 100...

"Sorry John that is allot of sociallist crap. Whether 100 investors own 1 rental property or 1 investor owns 100 rental properties is largely irrelevant as it is providing 100 homes for rent to those that cannot buy or do not want to buy for whatever reason"

Did you actually think that through or is it just autopilot?

Is one person making a decision to buy or sell 100 properties the same as 100 people buying and selling properties is it?

One action takes on decision, or several depending on the CONTROLLED action of 1 participant, they can sell all the properties in one year, or 1 per year, or go onto accumulate another 100. The issue is control, restriction and this creates a market distortion.

The other requires 100 decisions, and actually helps make a liquid market, because the reasons to buy or sell are distributed over a larger group of people and this also creates more price variation, because more people over or underestimate the value of their house. This is the basic principle behind a free market.

You take selective parts of free market capitalism to suit you. You adhere to the part about freely accumulation the assets you want, but for a truly liquid, fair and capitalist market you need ANTI TRUST laws, like the ones seen in the US many years ago.


"FYI I am very much aware of the bottom end of the market as I deal with it on a day to day basis and I can tell you no matter what the price of property the clients I deal with couldn't afford it anyway."

Well as far as I am concerned that is even worse, there is always going to be a segment of society that will be poor, what we will see is the extinction of the middle class.

I would not say I am a socialist, I am a believer in free markets, but when markets distort to the degree that the residential property market has in Australia, well you could say I have a social conscience because not everything comes down to a monetary component. There is a social and personal cost to squeezing the classes into very wealthy or very poor, that's not giving people a fair go is it?

So if wanting the average Australian to have a fair go when it comes to access to fairly price housing is a socialist idea, and it makes you feel good labelling me as such, go for it.