Australia’s property boom making the nation poorer

[themickey]

I'm sorry but I'm a strong believer in supply and demand. If you try to influence that very basic exchange with regulation, you screw it up.
If Joe wants to sell for $1M and Jack is willing to pay, then so it is. Jack may not give two shits about spending $1M for what's worth half that, because Jack could have lost a lot more in his country of origin, or Jack just wants a place to call home and doesn't want to bid for price. In the end, supply and demand is the truest indicator of value.

Why not supermarkets charge $20 for a loaf of bread?
People want bread and the rich will pay, they may grumble, but at the end of the day they'll pay.
As for the poor, tough luck, they can go without!
Is that what you're saying because it seems that way?

 

[VicBee]

Why not supermarkets charge $20 for a loaf of bread?
People want bread and the rich will pay, they may grumble, but at the end of the day they'll pay.
As for the poor, tough luck, they can go without!
Is that what you're saying because it seems that way?

Go ahead, charge $20 for a loaf of bred and see if you can make a profit selling to 3% of your population. It means there's a market for selling $3 loaves of bred.... that's exactly what I mean

 

[themickey]

Go ahead, charge $20 for a loaf of bred and see if you can make a profit selling to 3% of your population.

Well property and rents keep rising, not stopping the market at all.
More people sleeping rough, doesn't affect the market, it just keeps rising.
More people suffering mortgage and rental stress, is it having an effect? No!

 

[themickey]

It means there's a market for selling $3 loaves of bred...

It means if housing prices go up, there's a market for increased prices on housing.

 

[themickey]

People are moving further away from city centres to gain cheaper housing, but now we have longer commute times, higher fuel cost, more traffic on roads.

 

[VicBee]

Well property and rents keep rising, not stopping the market at all.
More people sleeping rough, doesn't affect the market, it just keeps rising.
More people suffering mortgage and rental stress, is it having an effect? No!

And? What are you advocating? You're the right wing nut calling for government intervention?

 

[VicBee]

It means if housing prices go up, there's a market for increased prices on housing.

That's correct

 

[VicBee]

People are moving further away from city centres to gain cheaper housing, but now we have longer commute times, higher fuel cost, more traffic on roads.

Yes, that is still correct. SUPPLY AND DEMAND. If you can't afford the best, you will need to settle on the next best.

 

[VicBee]

What gets me Mickey is when some believe because they arrived on the first boat, or because they have a distinctive skin color, or because they've lived in a spot for X generations they have some innate right to decide what out to be.
I believe supply and demand is a pretty good way to determine what ought to be. Yet, I believe government has a definitive decision in what will be, because government is the representation of the people, not wealth, not skin color, not right of first inhabitants. It is thus of prime importance that government be democratic and represent the electors as truthfully as can be.

 

[themickey]

And? What are you advocating? You're the right wing nut calling for government intervention?

The government regulate lots of things, but what they don't regulate is capitilistic greed to exploit people via unregulated house prices.
Not only are house prices unchecked, they are assisted via taxpayer money paying government pensions (taxpayer money) to people who live in mansions. Then they also give tax assistance when speculators borrow to buy more houses so they can screw more of the lower income working class.
But governments are happy with the status quo, most politicians are on the gravvy train of property speculation, I mean, why be a politician if you have no desire to bury your snout in the trough, as well, higher house prices equal more stamp duty, increase in rates received and their rich mates also are kept coddled.
Do you think for a minute politicians are there to help you before they help themselves?
In order to be a good politician, first and foremost one needs to be a good bs artist.