Heise Says #rentcontrol #Greens #heisesays
Once again rent controls have failed in Ireland. Proving that our Greens politicians are calling for ludicrous policies.
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We already have something like this…at least in Victoria. There is a limit to how much you can increase rental per year.
And many landlords exited the market. I'm still in it, mainly because I have no loan now.
Price controls decrease supply. Decreased supply of anything increases the price. Basic economics.
09:30 I believe that same situation is occurring now in Australia since the government took it on themselves to decide owners cannot depreciate existing properties. Ok, the market adjusts, developers buy all the old (cheap) housing stock and erect shit quality new apartments and duplexes for investment which are much more expensive to buy and operate than older properties, therefore the rents are higher, BUT the owners can still depreciate the structure and fittings. All sorts of economic illiterates cheered when this change came in, thinking it hurt investors/landlords. No. It hurts the renters and drives up the costs for everyone.
Dont bash immigration Heise, its all Australia has got, bar fucking humbug with this dumb idea of 'service economy' what a load of rubbish, we have no industry, thus we need migrant lumps of coal to stoke the boilers.
Water
SOO,! rent control is something to do with saving the PLANET??
Dont you see it folks being a GREENNIE in parliment is an excuse for a resl job.
Bull case for property: Government intervention
Bear case: government intervention
We need rates and council tax freezes, surely that would be easier and more direct 🤔
You used intellectual and politicians in the same sentence….. Why?
Private rental is just that Private it's the owners business on how much he wants.
Or are the greens going to buy all the rentals it's getting harder to rent urr property new laws and regulations is pushing up prices
If I have to change things in my home to rent it and actually loose rights like inspections I have taken my rental off the market so iddput it back on if I got a decent rent out of it rent control is not the answer and I'm stuffed if some prick in parliament is going to tell me how much I can charge
The more a government does the worse off the people are.
I agree wholeheartedly with Florian on the Principles of making the Australian Property Market FREE.
No negative gearing.
No depreciation schedules.
No Superannuation Tax offsets.
No government grants.
……Watch it collapse.
We are addicted to the unhealthy tax breaks that props the market up in the first place.
It's unsustainable.
Hahaha go off mate!
Big government, Big business, Big banks, Big unions. Best way to control everything and everyone.
Because they want communism
Franchise breaking even too , sky news claim only some independence struggling that a lie
What Germany " Netherlands " Italy " Poland have in common high taxes shrunk middle class
Everything fails in Ireland. Surely more intervention will fix it?
Landlords are not a charity service to cover the shortfall of government of incompetence,,, fk it $3000 1 bedroom unit then.
Yes but greens also propose (from memory) a tax on empty properties so you are still better off renting as a land lord.
As I understand in the Irish case, rents were not capped for big corps. But the Greens are looking for rent freeze across the board so would it not actually keep the rents down even if small investors exited the market? Also they are proposing to build social housing by taxing the rich, would that also not help lower rent by increasing supply?