Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Pages: 1 2 3 4 5 ... 8
Send Topic Print
How many properties does your local politician own (Read 4632 times)
freediver
Gold Member
*****
Online


www.ozpolitic.com

Posts: 47038
At my desk.
Re: How many properties does your local politician own
Reply #30 - Jan 27th, 2020 at 7:24pm
 
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.
Back to top
 

I identify as Mail because all I do is SendIT!
WWW  
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 29705
Gender: male
Re: How many properties does your local politician own
Reply #31 - Jan 27th, 2020 at 7:32pm
 
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.
Back to top
 

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
IP Logged
 
Gordon
Gold Member
*****
Online


Australian Politics

Posts: 20202
Gordon
Gender: male
Re: How many properties does your local politician own
Reply #32 - Jan 27th, 2020 at 7:35pm
 
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Wish the tradies who work at my places got nothing......or a tiny bit less than they do.
Back to top
 

IBI
 
IP Logged
 
freediver
Gold Member
*****
Online


www.ozpolitic.com

Posts: 47038
At my desk.
Re: How many properties does your local politician own
Reply #33 - Jan 27th, 2020 at 7:36pm
 
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Always by who? Sounds like something you just made up.

Why is a roof over someone's head "absolutely nothing"?
Back to top
 

I identify as Mail because all I do is SendIT!
WWW  
IP Logged
 
PZ547
Gold Member
*****
Offline


Australian Politics

Posts: 9282
Gender: male
Re: How many properties does your local politician own
Reply #34 - Jan 27th, 2020 at 7:52pm
 
Quote:
Australia's 226 federal politicians own a staggering 524 properties
Apr 20, 2017,

Canberra’s 226 MPs and senators own 524 properties between them – an average of 2.4 each – analysis by the ABC has found.
Only 10 federal politicians don’t own property, meaning 96% of the total do, compared to the national average of just above 50%


Business Insider



Back to top
 

All my comments, posts & opinions are to be regarded as satire & humour
 
IP Logged
 
Bam
Gold Member
*****
Offline


Australian Politics

Posts: 21905
Gender: male
Re: How many properties does your local politician own
Reply #35 - Jan 27th, 2020 at 8:11pm
 
freediver wrote on Jan 27th, 2020 at 6:49pm:
Bam wrote on Jan 27th, 2020 at 3:48pm:
freediver wrote on Jan 27th, 2020 at 2:41pm:
Bam wrote on Jan 27th, 2020 at 12:08pm:
freediver wrote on Jan 27th, 2020 at 11:16am:
Carl D wrote on Jan 27th, 2020 at 10:55am:
freediver wrote on Jan 27th, 2020 at 10:50am:
Carl D wrote on Jan 27th, 2020 at 10:34am:
No wonder the idea that was suggested some years ago of allowing people (including pollies) to own ONE residential property and no more than ONE investment property never saw the light of day.


It never saw the light of day because it was a stupid, arbitrary proposal based on petty class jealousy, that would do more harm than good.


Only to the property hoarders and pollies, it would seem.


You are confused. It would increase rental prices, hurting the poorest. It would make investment properties more profitable.

How would it increase rental prices if the property market is zero sum?

It's not as if investors would be selling the properties into a void, never to be seen again. For every seller, there is a buyer.


It would artificially reduce the supply of rental properties, inevitably increasing the price.

You do realise that new houses have to be built constantly to keep up with demand right?

When people who do not understand economics try to mess with the economy to "fix" a perceived problem, they usually end up making it worse. That's why this one never got off the ground. Just too stupid.

You still do not seem to realise that the property market is zero sum.

If it reduces the supply of rental properties, who is buying the properties?
* If owner occupiers buy them, then the number of tenants must also decrease - zero sum.
* If investors buy them, then the number of rental properties does not change - zero sum.

You still need to provide a plausible, rational reason why it would "artificially reduce the supply of rental properties" without also reducing the number of prospective tenants.


Here it is again:

It would artificially reduce the supply of rental properties, inevitably increasing the price.

You're doing it again - stating the exact same claim without offering the slightest bit of supporting evidence. Restating the point is not the same thing as proving your point. You're just making the same claim over and over without offering any proof.

You still need to provide a plausible, rational reason why it would "artificially reduce the supply of rental properties" without also reducing the number of prospective tenants. Just what would be happening to these properties? Who would be buying them, if not investors?
Back to top
 

You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
IP Logged
 
freediver
Gold Member
*****
Online


www.ozpolitic.com

Posts: 47038
At my desk.
Re: How many properties does your local politician own
Reply #36 - Jan 27th, 2020 at 9:14pm
 
Quote:
You're doing it again - stating the exact same claim without offering the slightest bit of supporting evidence.


You asked me for a plausible rational argument. Here it is again for the third time:

It would artificially reduce the supply of rental properties, inevitably increasing the price.

Do you disagree with any of it, or just not understand it?
Back to top
 

I identify as Mail because all I do is SendIT!
WWW  
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 29705
Gender: male
Re: How many properties does your local politician own
Reply #37 - Jan 28th, 2020 at 9:56am
 
freediver wrote on Jan 27th, 2020 at 7:36pm:
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Always by who? Sounds like something you just made up.

Why is a roof over someone's head "absolutely nothing"?


So what you are saying is that we can go to any third world country and build a whole lot of houses for the poor people to live in and all of a sudden that will make that country productive and bring them out of poverty ? What exactly will they be exporting to the rest of the world that they couldn't when they were living under a bit of tin ? Or will a dividend cheque magically appear in their letter box ? Cheesy LOL
Back to top
« Last Edit: Jan 28th, 2020 at 10:27am by Sir lastnail »  

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 29705
Gender: male
Re: How many properties does your local politician own
Reply #38 - Jan 28th, 2020 at 9:58am
 
freediver wrote on Jan 27th, 2020 at 9:14pm:
Quote:
You're doing it again - stating the exact same claim without offering the slightest bit of supporting evidence.


You asked me for a plausible rational argument. Here it is again for the third time:

It would artificially reduce the supply of rental properties, inevitably increasing the price.

Do you disagree with any of it, or just not understand it?


No it won't because every renter that becomes an owner is one less renter Wink
Back to top
 

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
IP Logged
 
crocodile
Gold Member
*****
Offline


Australian Politics

Posts: 6682
Gender: male
Re: How many properties does your local politician own
Reply #39 - Jan 28th, 2020 at 2:28pm
 
Sir lastnail wrote on Jan 28th, 2020 at 9:56am:
freediver wrote on Jan 27th, 2020 at 7:36pm:
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Always by who? Sounds like something you just made up.

Why is a roof over someone's head "absolutely nothing"?


So what you are saying is that we can go to any third world country and build a whole lot of houses for the poor people to live in and all of a sudden that will make that country productive and bring them out of poverty ? What exactly will they be exporting to the rest of the world that they couldn't when they were living under a bit of tin ? Or will a dividend cheque magically appear in their letter box ? Cheesy LOL

The export angle is a bit of a red herring. Right here in the land of Oz, domestic demand is 4 times greater than exports. 80% of GDP -> domestic, 20% -> Exports. 3rd world countries have even higher domestic demand. Unsheltered workers don't produce anything.
Back to top
 

Very funny Scotty, now beam down my clothes.
 
IP Logged
 
crocodile
Gold Member
*****
Offline


Australian Politics

Posts: 6682
Gender: male
Re: How many properties does your local politician own
Reply #40 - Jan 28th, 2020 at 2:33pm
 
Sir lastnail wrote on Jan 28th, 2020 at 9:58am:
freediver wrote on Jan 27th, 2020 at 9:14pm:
Quote:
You're doing it again - stating the exact same claim without offering the slightest bit of supporting evidence.


You asked me for a plausible rational argument. Here it is again for the third time:

It would artificially reduce the supply of rental properties, inevitably increasing the price.

Do you disagree with any of it, or just not understand it?


No it won't because every renter that becomes an owner is one less renter Wink

It's not quite that simple. It isn't a zero sum game as yourself and the Bamster allude to. Populations change with migration and fertility rates. Demographics change as offspring leave homes and people separate or cohabit. New dwellings and demolitions rarely coincide with the demographic and population changes.
Back to top
 

Very funny Scotty, now beam down my clothes.
 
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 29705
Gender: male
Re: How many properties does your local politician own
Reply #41 - Jan 28th, 2020 at 2:35pm
 
Gordon wrote on Jan 27th, 2020 at 7:35pm:
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Wish the tradies who work at my places got nothing......or a tiny bit less than they do.


A piece of tin is much cheaper to maintain Wink
Back to top
 

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
IP Logged
 
Gordon
Gold Member
*****
Online


Australian Politics

Posts: 20202
Gordon
Gender: male
Re: How many properties does your local politician own
Reply #42 - Jan 28th, 2020 at 2:38pm
 
Sir lastnail wrote on Jan 28th, 2020 at 2:35pm:
Gordon wrote on Jan 27th, 2020 at 7:35pm:
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Wish the tradies who work at my places got nothing......or a tiny bit less than they do.


A piece of tin is much cheaper to maintain Wink


Tell us about your property buying adventures.
Back to top
 

IBI
 
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 29705
Gender: male
Re: How many properties does your local politician own
Reply #43 - Jan 28th, 2020 at 2:39pm
 
crocodile wrote on Jan 28th, 2020 at 2:33pm:
Sir lastnail wrote on Jan 28th, 2020 at 9:58am:
freediver wrote on Jan 27th, 2020 at 9:14pm:
Quote:
You're doing it again - stating the exact same claim without offering the slightest bit of supporting evidence.


You asked me for a plausible rational argument. Here it is again for the third time:

It would artificially reduce the supply of rental properties, inevitably increasing the price.

Do you disagree with any of it, or just not understand it?


No it won't because every renter that becomes an owner is one less renter Wink

It's not quite that simple. It isn't a zero sum game as yourself and the Bamster allude to. Populations change with migration and fertility rates. Demographics change as offspring leave homes and people separate or cohabit. New dwellings and demolitions rarely coincide with the demographic and population changes.


So are you saying all of those rentals that could be put onto the market would stay vacant with no buyers ? Supply and demand remember. With all of those rentals now available to be bought by prospective owner occupiers the prices should drop not increase which is the bullshit that we are always fed Sad
Back to top
 

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 29705
Gender: male
Re: How many properties does your local politician own
Reply #44 - Jan 28th, 2020 at 2:43pm
 
Gordon wrote on Jan 28th, 2020 at 2:38pm:
Sir lastnail wrote on Jan 28th, 2020 at 2:35pm:
Gordon wrote on Jan 27th, 2020 at 7:35pm:
Sir lastnail wrote on Jan 27th, 2020 at 7:32pm:
freediver wrote on Jan 27th, 2020 at 7:24pm:
I am opposed to the FHOG for the same reason I am opposed to this idiotic suggestion that we limit the number of investment properties you can own.

I still do not understand why you appear to believe that providing accommodation is not productive. Or why you expect me to be able to answer all your silly questions.


Property has always been classed as a non productive asset. It produces absolutely nothing. Just a roof over someones head.


Wish the tradies who work at my places got nothing......or a tiny bit less than they do.


A piece of tin is much cheaper to maintain Wink


Tell us about your property buying adventures.


Lots of people live in cars too ! Still no dividend cheque for having a roof over your head Wink
Back to top
 

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
IP Logged
 
Pages: 1 2 3 4 5 ... 8
Send Topic Print