I came across the expression in the article below about GMH selling Fishermans Bend site for $ 130 million.

The term property parasite reflects investors feeding on tax deductions to fund negative gearing investments that are not returning a profit.

The term property parasite also applies to the current state of councils and state governments dependency on rates growth and taxes from property sales and rising prices.

http://www.macrobusiness.com.au/2015/12/giant-property-parasite-devours-holden-site/


Quote:

Giant property parasite devours Holden site By Houses and Holes in Australian Economy, Featured Articleat 10:05 am on December 22, 2015 | 49 comments Old manufacturers don’t die in Australia they just become apartments, from the AFR: Goodman Group has emerged as the frontrunner for car giant General Motors Holden’s sprawling Fishermans Bend site in inner-city Melbourne, in a deal worth as much as $130 million. The car maker put the 37-hectare site on the market in July 2015, after announcing two years ago it would end manufacturing in Australia in 2017. It excited considerable interest from a number of listed and private players, including GPT Group, Dexus, MAB Corporation, transport company Linfox and Altis Property Partners. The Fishermans Bend area is undergoing considerable change. A vast swathe of 455 hectares has been designated an urban regeneration precinct, with many landlords busy preparing development applications.

What about 'job parasite' for those who.. through no fault of their own and caused by the current economic situation... are forced under the current MADIF (Mandatory Dual Income Family) 'roof' to invest in several jobs?

Met a young guy I know who is a fine young man - working his second job....

Thing is - to get ahead he needs to since he is single - so it comes down once again to the simple proposition of whether or not a single Family Unit, which can be any combination of a single single up to a 'blended' category.... should be 'entitled' to more than one job.....

Of course... that doesn't apply to Joe or Tony and their missuses.. who (the missuses, of course), of course, according to the theology of 'merit' and 'entitlement.. NEED to hold as many 'board positions as possible.. all paid for handsomely....

What an absolute suck on the public purse they all are.....

Where's Longy?  I need some vicious personal attack to try to counter my sublime logic and understanding of reality here.....

Sir Grappler Truth Teller OAM wrote on Jan 1^st, 2016 at 8:54pm:

What about 'job parasite' for those who.. through no fault of their own and caused by the current economic situation... are forced under the current MADIF (Mandatory Dual Income Family) 'roof' to invest in several jobs? Met a young guy I know who is a fine young man - working his second job.... Thing is - to get ahead he needs to since he is single - so it comes down once again to the simple proposition of whether or not a single Family Unit, which can be any combination of a single single up to a 'blended' category.... should be 'entitled' to more than one job..... Of course... that doesn't apply to Joe or Tony and their missuses.. who (the missuses, of course), of course, according to the theology of 'merit' and 'entitlement.. NEED to hold as many 'board positions as possible.. all paid for handsomely.... What an absolute suck on the public purse they all are..... Where's Longy?  I need some vicious personal attack to try to counter my sublime logic and understanding of reality here.....

Can you show me Margie Abbott doing that? You know I'm not a fanboi of Tony but Margie seems real. Poor woman.

Sun Tzu wrote on Jan 1^st, 2016 at 5:49pm:

I came across the expression in the article below about GMH selling Fishermans Bend site for $ 130 million. The term property parasite reflects investors feeding on tax deductions to fund negative gearing investments that are not returning a profit. The term property parasite also applies to the current state of councils and state governments dependency on rates growth and taxes from property sales and rising prices. http://www.macrobusiness.com.au/2015/12/giant-property-parasite-devours-holden-site/ Quote: Giant property parasite devours Holden site By Houses and Holes in Australian Economy, Featured Articleat 10:05 am on December 22, 2015 | 49 comments Old manufacturers don’t die in Australia they just become apartments, from the AFR: Goodman Group has emerged as the frontrunner for car giant General Motors Holden’s sprawling Fishermans Bend site in inner-city Melbourne, in a deal worth as much as $130 million. The car maker put the 37-hectare site on the market in July 2015, after announcing two years ago it would end manufacturing in Australia in 2017. It excited considerable interest from a number of listed and private players, including GPT Group, Dexus, MAB Corporation, transport company Linfox and Altis Property Partners. The Fishermans Bend area is undergoing considerable change. A vast swathe of 455 hectares has been designated an urban regeneration precinct, with many landlords busy preparing development applications.

This car factory belongs to Australian tax payers and should not be sold off to property developers. At the very least it should be turned into an industrial estate and not dog boxes for property scammers to profit from.

I'm just wondering if this $130 mill is going to be handed back to the rightful owners instead of GMC running off with the loot :(

Sir lastnail wrote on Jan 1^st, 2016 at 11:22pm:

Sun Tzu wrote on Jan 1st, 2016 at 5:49pm: I came across the expression in the article below about GMH selling Fishermans Bend site for $ 130 million. The term property parasite reflects investors feeding on tax deductions to fund negative gearing investments that are not returning a profit. The term property parasite also applies to the current state of councils and state governments dependency on rates growth and taxes from property sales and rising prices. http://www.macrobusiness.com.au/2015/12/giant-property-parasite-devours-holden-site/ Quote: Giant property parasite devours Holden site By Houses and Holes in Australian Economy, Featured Articleat 10:05 am on December 22, 2015 | 49 comments Old manufacturers don’t die in Australia they just become apartments, from the AFR: Goodman Group has emerged as the frontrunner for car giant General Motors Holden’s sprawling Fishermans Bend site in inner-city Melbourne, in a deal worth as much as $130 million. The car maker put the 37-hectare site on the market in July 2015, after announcing two years ago it would end manufacturing in Australia in 2017. It excited considerable interest from a number of listed and private players, including GPT Group, Dexus, MAB Corporation, transport company Linfox and Altis Property Partners. The Fishermans Bend area is undergoing considerable change. A vast swathe of 455 hectares has been designated an urban regeneration precinct, with many landlords busy preparing development applications. This car factory belongs to Australian tax payers and should not be sold off to property developers. At the very least it should be turned into an industrial estate and not dog boxes for property scammers to profit from. I'm just wondering if this $130 mill is going to be handed back to the rightful owners instead of GMC running off with the loot :(

You wish. GM shareholders in USA will get the benefit of that money and it will be developed for residential use.

Sun Tzu wrote on Jan 1^st, 2016 at 11:58pm:

Sir lastnail wrote on Jan 1st, 2016 at 11:22pm: Sun Tzu wrote on Jan 1st, 2016 at 5:49pm: I came across the expression in the article below about GMH selling Fishermans Bend site for $ 130 million. The term property parasite reflects investors feeding on tax deductions to fund negative gearing investments that are not returning a profit. The term property parasite also applies to the current state of councils and state governments dependency on rates growth and taxes from property sales and rising prices. http://www.macrobusiness.com.au/2015/12/giant-property-parasite-devours-holden-site/ Quote: Giant property parasite devours Holden site By Houses and Holes in Australian Economy, Featured Articleat 10:05 am on December 22, 2015 | 49 comments Old manufacturers don’t die in Australia they just become apartments, from the AFR: Goodman Group has emerged as the frontrunner for car giant General Motors Holden’s sprawling Fishermans Bend site in inner-city Melbourne, in a deal worth as much as $130 million. The car maker put the 37-hectare site on the market in July 2015, after announcing two years ago it would end manufacturing in Australia in 2017. It excited considerable interest from a number of listed and private players, including GPT Group, Dexus, MAB Corporation, transport company Linfox and Altis Property Partners. The Fishermans Bend area is undergoing considerable change. A vast swathe of 455 hectares has been designated an urban regeneration precinct, with many landlords busy preparing development applications. This car factory belongs to Australian tax payers and should not be sold off to property developers. At the very least it should be turned into an industrial estate and not dog boxes for property scammers to profit from. I'm just wondering if this $130 mill is going to be handed back to the rightful owners instead of GMC running off with the loot :( You wish. GM shareholders in USA will get the benefit of that money and it will be developed for residential use.

This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :(

Sir lastnail wrote on Jan 2^nd, 2016 at 9:49am:

This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :(

Hi sir Nail,
the car manufacturers were running a scam right from the start.

They didn't invest in new Technology - they took what corporate welfare they could get.

Wolves I tells ya!!

Bobby. wrote on Jan 2^nd, 2016 at 10:27am:

Sir lastnail wrote on Jan 2nd, 2016 at 9:49am: This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :( Hi sir Nail, the car manufacturers were running a scam right from the start. They didn't invest in new Technology - they took what corporate welfare they could get.

Australians were satisfied with second class manufactured products and politicians prostrated themselves at the feet of GM and Ford begging them to accept the monetary gifts.

Setanta wrote on Jan 1^st, 2016 at 11:10pm:

Sir Grappler Truth Teller OAM wrote on Jan 1st, 2016 at 8:54pm: What about 'job parasite' for those who.. through no fault of their own and caused by the current economic situation... are forced under the current MADIF (Mandatory Dual Income Family) 'roof' to invest in several jobs? Met a young guy I know who is a fine young man - working his second job.... Thing is - to get ahead he needs to since he is single - so it comes down once again to the simple proposition of whether or not a single Family Unit, which can be any combination of a single single up to a 'blended' category.... should be 'entitled' to more than one job..... Of course... that doesn't apply to Joe or Tony and their missuses.. who (the missuses, of course), of course, according to the theology of 'merit' and 'entitlement.. NEED to hold as many 'board positions as possible.. all paid for handsomely.... What an absolute suck on the public purse they all are..... Where's Longy?  I need some vicious personal attack to try to counter my sublime logic and understanding of reality here..... Can you show me Margie Abbott doing that? You know I'm not a fanboi of Tony but Margie seems real. Poor woman.

Abbott runs a community-based not-for-profit child care centre in St Ives, New South Wales [10] Sydney, which employs 10 staff and cares for children from around 100 families.[7][8] She continued as a director of the centre after her husband became prime minister.

Paid job?  Dunno.  At least unlike Miz Turnbull she doesn't fill several boards... you may be right....

Poor woman... she may be an honest soul..... her parents were Laborites....

Bobby. wrote on Jan 2^nd, 2016 at 10:27am:

Sir lastnail wrote on Jan 2nd, 2016 at 9:49am: This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :( Hi sir Nail, the car manufacturers were running a scam right from the start. They didn't invest in new Technology - they took what corporate welfare they could get.

And this local dude had no help to get his electric car off the ground !! The government was too busy giving it all to holden and ford :(

http://www.pozible.com/project/29199


Quote:

Challenges The greatest challenge is that my technical success has made my business a target for both unscrupulous business people and major car makers. Persistence and sales are the key to overcoming these challenges. The response from major car company's and other earlier challenges are summarised in an investigative piece by journalist Brendan Gullifer 22 October 2011 for the Ballarat Courier ... http://bev.com.au/wp-content/uploads/2010/02/xbal22oct11_page18_small.pdf http://bev.com.au/wp-content/uploads/2010/02/xbal22oct11_page19_small.pdf As if that was not enough in October 2012 a theft saw $199,307 of my intellectual property stolen. This matter was raised in the Senate by Senator Madigan and is recorded in Hansard on the 22 November 2012. To help overcome these barriers in addition to dogged persistence and now turn to social media to get the message out about a great battery electric car and establish an assembly, sales and service outlet where customers live and work.

Quote:

IN JULY last year Federal Member for Bendigo Steve Gibbons issued a press release in praise of a Castlemaine entrepreneur, Ross Blade. Mr Gibbons said if re-elected, a Labor government would include the Blade electric vehicle in a trial by federal government departments. Mr Gibbons called it part of the federal Labor government’s “strong support for central Victoria’s manufacturing industry”. From a small factory in a small town, Blade Electric Vehicles is one of this country’s technological success stories. It should be at the forefront of government assistance and support, and in the front row at motor shows across the country. But it isn’t. Despite Mr Gibbon’s release, Blade has never been included in any federal government trial. In fact, in 2009 VicRoads tried to get Blade vehicles off the road, stating they would no longer be authorised for registration, Mr Blade said. The Federal Department of Transport subsequently issued the company with a second stage licence authorising it to manufacture and sell cars nationally. Earlier this year, the board of the International Motor Show apparently voted to exclude Blade from its 2011 event, he said. Show organisers responded publicly saying it was simply a matter of fi nite space for exhibitors, with Blade offered a position in the foyer area. Mr Blade said that came during the latter half of the show, giving him two days (out of 10) to exhibit his product. And negotiations continue for the 2012 Sydney International Motor Show. Mr Blade said requests for space in other key motor industry exhibitions, where clients comprise the big motor vehicle companies with deep pockets and strong political links, continued to be diffi cult. “Yes, we are a niche player and some of these companies appear to have an attitude of if you can get rid of your competition by any means, then yes, they’ll do it. “We want to be able to do o

Sir lastnail wrote on Jan 2^nd, 2016 at 11:40am:

Bobby. wrote on Jan 2nd, 2016 at 10:27am: Sir lastnail wrote on Jan 2nd, 2016 at 9:49am: This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :( Hi sir Nail, the car manufacturers were running a scam right from the start. They didn't invest in new Technology - they took what corporate welfare they could get. And this local dude had no help to get his electric car off the ground !! The government was too busy giving it all to holden and ford :( http://www.pozible.com/project/29199

I don't know why you keep putting this forward over and over again and comparing his business to that of vehicle manufacturers.  He modifies existing vehicles.  Hardly the same thing.

Wolseley wrote on Jan 2^nd, 2016 at 12:30pm:

Sir lastnail wrote on Jan 2nd, 2016 at 11:40am: Bobby. wrote on Jan 2nd, 2016 at 10:27am: Sir lastnail wrote on Jan 2nd, 2016 at 9:49am: This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :( Hi sir Nail, the car manufacturers were running a scam right from the start. They didn't invest in new Technology - they took what corporate welfare they could get. And this local dude had no help to get his electric car off the ground !! The government was too busy giving it all to holden and ford :( http://www.pozible.com/project/29199 I don't know why you keep putting this forward over and over again and comparing his business to that of vehicle manufacturers.  He modifies existing vehicles.  Hardly the same thing.

And he still achieved infinitely more in EV design on a shoe string budget using an existing chassis than Holden and Ford did with the billions they squandered :D LOL And we won't mention the ill-fated Mitsubishi 380 flop that costs 600 million to develop either :(

And did you honestly expect him to go cap in hand to one of the four thieving banks and borrow 500 million to design his own car from scratch ? Do you think they would look favourable upon this sort of investment after being addicted to doling out home loans ?

Maybe Holden and Ford should have gone to the banks instead of relying on freebies from the tax payers.

Sir lastnail wrote on Jan 2^nd, 2016 at 5:12pm:

Wolseley wrote on Jan 2nd, 2016 at 12:30pm: Sir lastnail wrote on Jan 2nd, 2016 at 11:40am: Bobby. wrote on Jan 2nd, 2016 at 10:27am: Sir lastnail wrote on Jan 2nd, 2016 at 9:49am: This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :( Hi sir Nail, the car manufacturers were running a scam right from the start. They didn't invest in new Technology - they took what corporate welfare they could get. And this local dude had no help to get his electric car off the ground !! The government was too busy giving it all to holden and ford :( http://www.pozible.com/project/29199 I don't know why you keep putting this forward over and over again and comparing his business to that of vehicle manufacturers.  He modifies existing vehicles.  Hardly the same thing. And he still achieved infinitely more in EV design on a shoe string budget using an existing chassis than Holden and Ford did with the billions they squandered :D LOL And we won't mention the ill-fated Mitsubishi 380 flop that costs 600 million to develop either :( And did you honestly expect him to go cap in hand to one of the four thieving banks and borrow 500 million to design his own car from scratch ? Do you think they would look favourable upon this sort of investment after being addicted to doling out home loans ? Maybe Holden and Ford should have gone to the banks instead of relying on freebies from the tax payers.

Why don't you compare like with like?

Wolseley wrote on Jan 3^rd, 2016 at 7:44pm:

Sir lastnail wrote on Jan 2nd, 2016 at 5:12pm: Wolseley wrote on Jan 2nd, 2016 at 12:30pm: Sir lastnail wrote on Jan 2nd, 2016 at 11:40am: Bobby. wrote on Jan 2nd, 2016 at 10:27am: Sir lastnail wrote on Jan 2nd, 2016 at 9:49am: This is what tens of billions of tax payers dollars has bought us over the years. Nothing more than a 130 million dollar block of land that we have no equity in :( Hi sir Nail, the car manufacturers were running a scam right from the start. They didn't invest in new Technology - they took what corporate welfare they could get. And this local dude had no help to get his electric car off the ground !! The government was too busy giving it all to holden and ford :( http://www.pozible.com/project/29199 I don't know why you keep putting this forward over and over again and comparing his business to that of vehicle manufacturers.  He modifies existing vehicles.  Hardly the same thing. And he still achieved infinitely more in EV design on a shoe string budget using an existing chassis than Holden and Ford did with the billions they squandered :D LOL And we won't mention the ill-fated Mitsubishi 380 flop that costs 600 million to develop either :( And did you honestly expect him to go cap in hand to one of the four thieving banks and borrow 500 million to design his own car from scratch ? Do you think they would look favourable upon this sort of investment after being addicted to doling out home loans ? Maybe Holden and Ford should have gone to the banks instead of relying on freebies from the tax payers. Why don't you compare like with like?

Well just think of the worst corporate crooks in history and multiply it by 1000 then you can compare with Holden and Ford ;)