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

Renters take note, socialism isn't your friend, page-6

First 6 Last

Share
Profile

Follow
blueballs

18,453 Posts.

406

23/03/24

12:51

Post #: 73025159
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

So what most of these investors aren’t building new stock, it means more stock to choose from buyers and renters
Upvote

Reply

Top Stories

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

There are more pages in this discussion • 40 more messages in this thread...

First 6 Last