Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:


Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

Which brings us back to this 👇

Lisa Jones wrote on Jun 20^th, 2023 at 9:18pm:

Lisa Jones wrote on Jun 21^st, 2023 at 12:15pm:


Number 1 is people who buy investment properties are not buying it to do any renter any favours. The only reason why you rent them out is to make even more money on your investment and how does that help someone who just wants to own one property to live in, if you are hoarding 8 of them ? It doesn't. Not only that when you decide to flip one of your investments dumps to make some easy bucks you indiscriminately throw the tenants out on the street like you are doing them some sort of a favour. Total rubbish ! 80% of those polled on that Q&A episode wanted NG abolished for good reason

People who choose to invest in property do so to invest and to make money. That’s exactly what you do Nails when you choose to invest in stocks and shares. Yes?

You do realise that your argument is essentially based on YOU dictating where/how people ought to be investing their own money...yes? That just there is very North Koreanesque don’t you think Last Nail?

In Australia people are allowed to invest their money any way they like. It’s part n parcel of freedom and free will. You yourself availed yourself of the freedom and free will to invest in stocks and shares (which IMO is a high risk venture and as such is a no no).

Another little thing .... your idea of who invests in real estate is about 30 yrs out of date.

Clearly investment housing hasn't done the claimed job of creating plenty of living spaces...... only managed to overly fatten without effort some and wreck the economy in doing so....

Cultural Revolution and Red Guards anyone?  Some of these rich investors need to be 'struggled' in order to make them see reason and sign their property portfolios over to The People...... (heh, heh) ... let's start with the property millionaire politicians.....

Now then about that immigration policy or total lack thereof......... that's not a policy's arsehole, that Black Australia Policy Renewed ....

While we're here - hands up all those prepared to pay the rent and reparations out of their own bank account? 

If you're not - then STFU or be 'struggled' yourself.  Time is coming when the People will have had enough.... slow to move, but once moving unstoppable.   

Grappler Racist Filth wrote on Jun 21^st, 2023 at 1:33pm:


that's because all they are doing is recycling the same old dumps again and again and again and inflating their price whilst not adding anything to the supply of housing and costing 20 billion a year in lost tax revenue.

Sir lastnail wrote on Jun 21^st, 2023 at 4:07pm:


Are you referring to someone you personally know who does this?

Not all real estate investors are like that.

You invest your money to make more money. Correct? If that strategy involves knocking down an old dump and constructing a brand new duplex building (which is something many real estate investors do in quite a number of Sydney’s suburbs) then you are providing extra housing. Yes?

The thing you don’t realise is that many councils here in Sydney have designated areas within suburbs which are zoned low level density or R1. That means you are not allowed to build a duplex even. If a real estate investor was to buy an old dump on a typical site of around 500m2 for around 1.8 to 2 million and then demolish and replace said old dump with a brand new duplex then each duplex would then sell for $2.2 million in the current market (which is pretty bad for those trying to build and/or sell).

Bottom line? Extra housing for Sydney plus real estate investor makes money too. Win win? Umm no! Not really. Let me explain why.

You can’t expect a real estate investor to go through the risks involved and not make a profit. And that’s what you don’t get Last Nail...investing involves RISK. In the high risk building industry where people die or are injured and structures can prove unworthy if shortcuts are taken ... there’s a hell of a lot of risk riding on every build.

Your little share portfolio does not come anywhere near these sorts of risk factors. The biggest risk you could personally face may well be a loss or bankruptcy. Real estate investors who supply extra housing through demolishing and developing suffer far more than just that. Would you like me to detail their risks a little bit more for you? Let me know.

Now .... do you think you could stop dictating how/what others ought to do with THEIR money? It’s not your call. Also do you think you could stop pushing people into corners they don’t feel confident or comfortable in?

Let me illustrate by way of example : Right now you’re essentially pushing someone like me into a corner to demolish/develop/supply extra housing for others. I don’t want to. I don’t have to. Why? Right now as I type ...given the global recession and high inflation and high interest rates etc the costs, the risks of going bankrupt, the risk to my health, the risk to my marriage breaking down...could well destroy me. It may please you though. But it has destroyed lives. I can start naming people who have divorced and/or committed suicide. The pressures involved have even caused heart attacks (which have absolutely nothing to do with Covid19). And it’s not all just financial pressure as there’s an expectation to be on call all the time to sort out issues such as health and safety risks and supply chain shortages. Next level stress 👉  next level fatigue 👉 full physical/emotional collapse.

The process is now twice as costly as you initially think esp after all the necessary insurances and construction loan interest rates come into play. Plus there’s no guarantee that you’ll be able to sell your duplexes....and that’s where people try and sell off the plan in order to secure funds to keep the banks off their case.

Last Nail .... have you ever built anything? I don’t think you have because I’m essentially explaining the bloody obvious to you 😔😩☹️

Lisa Jones wrote on Jun 21^st, 2023 at 4:41pm:


There are no benefits to the rest of us through negative gearing the same old dumps which is why it should be removed. You only want to keep it because of ulterior motives none of which benefits anyone else.