The Housing Situation

[@friendlyjordies]

My live show is in ADELAIDE next week www.friendlyjordies.com/live-show

[@AllGoodOutside]

I really don't understand why you are not in a perpetual nervous breakdown with all of the intimate knowledge of the corruption not only in Australia but the United States. I want to stay somewhat ignorant of the fact that the majority of the world Is complete SHYT /＼( °□° )／\🚬

[@xamashee]

Meriton and McDonald's 🎉

[@davedavenport8487]

Fuck mate, you'll need the NDIS after being in Adelaide for more than a picosecond.

[@joshwells3247]

Leave negative gearing and get rid of the capital gains discount.

[@Cam-jx4drgh]

A John Hopoate ass finger joke in 2024.

[@Comrade_Alyosha]

I cannot believe "homes are for living in, not for speculating on" is such a fringe talking point in Australian politics.

[@Peak_Aussieman]

It's Australia, if we wouldn't speculate on property, we wouldn't speculate on anything.

[@wizziamthegreat]

this is why i hold the belief that instating a "corporations cant buy homes" (but land, non residential, and building them on the previous types is fine) and people can own a max of some low number (2?) would fix housing

[@TheMetalfreak360]

This is common in more nations than just Australia. Been often taken up as a reason why there is close to no housing in my country. Does not help that lower "grade" of housing is not built, just luxury housing, so you need around $600k converted to get anywhere. Or rent shitty places that smell like 3-day old shrimps.

[@Yourmumsrectum]

Yeah well you let lobby groups like the REAL ESTATE AND BANKING in

[@sometingwongwai9679]

You would need to speculate if they just built more houses.

[@NemoTheBeastGamer]

Be sick if we elected Shorten back in the day and ended negative gearing and taxed mining industry properly 😒

[@LucDevine]

I held out hope for this! But then a C grade university dangled a cash cow in front of him and he was out.

[@RichardGeresGerbil]

Would have never happened to much power and corruption

[@brakogar]

Too many boomers, not going to happen. There are still too many of them around and greed and what the man in Sky News says is very important to them.

[@AzaIndustries]

Australians were literally too dumb to see through palmers smear campaign. That is the day I lost all hope for australias future.

[@lunsmann]

@@LucDevine nah mate. After the voting morons chose Mossiscum, Shorten was rolled by his own party. The Caucus wanted to keep Shorten on as leader, but the membership chose Albo. But it wasn't just the negative gearing and capital gains policy the voters rejected - it was the cash handouts to rich investors in the form of franking credits the voters wanted left alone. The Libs won the Liars war with that one. Excess franking credits is the ATO giving share market investors bigger refunds than they paid in the first place. Costs the budget around 20 billion every year.

[@jezzaboi2168]

A housing policy that did work to boost home ownership way back when, was when the governemnt built houses. People think i mean like druggo public houses, but im not, these are just actual normal houses apartments etc, that you buy. It worked in australia from 45 to 75, singapore has a more extreme stricter version of it. Lets be honest, the current private made homes are shit, shit quality, shit price.

[@Amusiastudio]

Government these days cant build anything that last.

[@nedflanders4158]

If the gov was to do that today, a 1 bedroom house would cost you 3 million.

[@Thee-_-Outlier]

Imagine that, supply and demand actually works 🤔

[@Thee-_-Outlier]

​​​​​​@@Amusiastudio the government doesn't build anything, period. They contract it to be built. It isn't that the products are bad either it's that the government gets ripped off and pays too much for said contracts. Getting a government contract is a license to print money and go 400% over budget as long as you line item all your BS reasons in the form of 'emerging or unforeseen events'

[@brodyhall]

Here's what's going to happen: 1. I'll finally get into the housing market. 2. I pay down the loan to the point where I'm financially ready to buy an investment property. 3. The government will ban negative gearing completely. I swear, my generation is the goat of bad timing.

[@lawdpleasehelpmeno]

This, I am stoked and ready for another round of "time to ruin this just in time for gen y to have a turn".

[@brodyhall]

@lawdpleasehelpmeno born too late to catch the COVID price hike and negative gearing bonanza. Yay!

[@griffin1366]

>get to 55 and home finally paid off >all benefits have been removed by that time >house costs half of what I paid for it >depreciates heavily in value year by year Absolutely f*cking typical of my luck.

[@brodyhall]

@griffin1366 that's exactly how I drew it up in my mind, too.

[@griffin1366]

@@brodyhall Funnily enough it coincides with my luck as well. Hmm..

[@AlexJ1]

"It's like taking the iPad away from a Gen Alpha kid" is such an apt analogy. If you even hint at it the boomers start screeching and the media is all too happy to give them a megaphone.

[@classydays43]

It's always played off as "this is the generation that built the nation". Maybe, but they locked the gate behind them.

[@AlexJ1]

@@classydays43 "Built the nation" literally just means racking up an eye-watering amount of debt, knowing that it would be future generations who had to deal with it. Same story in the US, UK, Western Europe. Free uni, robust social programs, 25% of homes built by the government. They had a big party and left us to clean up the mess while they sit back & call us lazy.

[@DarthVella]

@@classydays43 Pfft. Their parents did the work, they just reaped the benefits and thought they were amazing. And destroyed their parents' legacy for the rest of us.

[@AlexJ1]

@@DarthVella The nation's grand plan was literally racking up insane debt, knowing that future generations would be left with the bill. That's literally it. They "built the nation" with money they didn't have and said "not my problem lol". It's the same story all over the UK, the US, western Europe. And now with their free uni and executive-via-handshake positions they sit back and call us lazy.

[@Kandirocks]

I howled

[@VeloVios]

I brought my first home a couple years ago. I paid for it outright and did all the renovations myself. It's a Ford, the only thing I can afford...

[@Rexhunterj]

Sadly it was Found On A Rubbish dump

[@mackamotorsport2593]

😂.

[@mrdobalina3451]

Where did you bring it to…?

[@daveogfans413]

Mate, everyone lives in a normal house and you're here building forts.

[@jarrad5723]

You brought it did you?

[@islaperez1151]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@saturninagoetter9535]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@natelie2617]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@saturninagoetter9535]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash

[@Dylancool8048]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@natelie2617]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $600k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@captainunderpants200]

7:50 And yet, strangely, rents have gone WAY up anyway.

[@AzaIndustries]

It's a complete farce in australia and the public are all to eager to lap up neoliberal ideas that the rich provide and build our society. All they do is look for ways to siphon money/security out of the economy not contribute new value. If they weren't allowed to do it, the entire industry from bank, to build, to supply would have to start servicing home livers again and not just the consolidated portfolio holders. This stuff is taught in like economics 101, why sell more product for less when you can sell less of it for more to a specific class of people that keep the prices up there by slowing down construction when they suspect prices would drop. The equilibrium point of price/quantity is completely manipulated and controlled in Aus it is NOT speculation when so few people control it.

[@audioadventurer6892]

yeah not enough people do this when the GOP I mean LNP start recycling their talking points. Nobody ever says "you said that last time, you got your way and the exact fucking opposite happened, sup with that?

[@damonroberts7372]

This. If Labor wants to win on negative gearing, they need to press this point over and over _ad nauseam._ Turn it into a Tony Abbott-esque soundbite if possible... the Libs lie, rents went up, affordability went down.

[@supermansleftnut]

Rent is at a soul destroying level of high right now. It is not sustainable to commit 50% of my weekly wage to rent! 😢

[@TheGuyinThechAir69]

They couldn’t sell the voice and don’t have the stomach to sell negative gearing. The chokehold old media and special interest groups have on Australian politics is disgusting.

[@christopherpekel6096]

The voice was garbage.

[@Fatedlukeston]

Had a mate, back in 2008. He’s a brickie. He said ‘don’t buy a new home’. Look for a place that’s 25years old or older. His reasoning was that the very ground they are building on, is shit. A poor slab, combined with cheap materials, apprentice tradesmen. As far as he was concerned? If it’s 25 or older? It’s solid. First home buyers are practically forced to buy new builds.

[@jasonotto9126]

Dad is an architect and says the same. He still builds quality as he has his own business but those cookie cutter homes... I'd rather live in a tent

[@MatthewBayard]

we bought a 60 year old house for our 1st home. It did have blood on the walls and ceilings, and asbestos in the kitchen, bathroom and floors. Its such a great home.

[@ForcedevilX-rn1rf]

The foam terrifies me.

[@willam1992]

@@ForcedevilX-rn1rf it should same with those plastic wedges

[@lunsmann]

@@MatthewBayard - yeah, But once you remove the asbestos - you are sitting on a gold mine. My 1960's double brick had asbestos eaves and garage. All replaced. Old houses are solid. Would not touch any brick veneer crap with a bargepole. My parents bought new when they retired. It rattles when the wind blows.

[@Narapoia1]

If there was ever a politician brave enough to tackle negative gearing, Albo is definitely not that person.

[@RodWilliams-m7r]

Yeah, he got dizzy running away from zionists.

[@aron.gortman]

Jordan was fluffing the guy for years.

[@EthanJ1005]

Even Jordan isn’t brave enough to stand up for Albo right now - that should tell you everything you need to know

[@jaydenlee9431]

​@@aron.gortmanI think everyone did when we wanted the Libs out, but all we got was an alternate version of them.

[@ta-w5538]

Albo owns 3 properties like most politicians so why would they fuck themselves

[@blaertes4976]

We also imported 9 million people in a decade. When I was born the average age of the first homebuyer was 24 I am 24, but the average age of the the first homebuyer is now 37. I grew up in a regional town and in the time it took to grow up the goalposts were moved beyond kicking distance.

[@Lo.0se]

im 39 and i have no chance at buying a home.

[@lynnez8352]

Also ordinary working people could afford, and expected to buy, free standing homes. Now the first home buyer is relieved to get a small apartment with neighbours’ on the other side of both walls, no bath in a pokey little bathroom, no real privacy and high strata title fees. And these apartments are often shoddily built. No place to bring up kids. And the Australian birth rate has declined. Shouldn’t be a surprise.

[@lynnez8352]

@@Lo.0se Both parties have betrayed the Australian tradition of a fair go and a real chance for home ownership for security and as a just reward for working your whole life.

[@10001000101]

What decade are you referring to? because the last 10 years has not imported 9 million people, not even close, stop talking shit bro.

[@stephanguitar9778]

​@@10001000101 Aus population has grown 3 million in last 10 years. Even that is too big a number to deal with re housing and infrastructure.

[@AzaIndustries]

It's not speculative when the supply is completely controlled by the entrenched class that owns the majority of the homes. Because they stop building homes if the prices are going to drop. People who should be building them can't compete with this ever smaller group of people that the entire industry is now geared to provide for. Because they are leveraging the hard work of the renter, and getting a tax break for it. Selfish Australians are our problem, and they want to keep pinning it on anything but selfish Australians. If people couldn't negative gear the banks, builders and suppliers would have to start servicing regular people instead of just the selfish australians and supply would improve.

[@Rexhunterj]

10 years ago it was dole bludgers ruining the country. 20 years ago it was the global financial crisis. 30 years before that it was the approaching ME bug/2000. Boomers are the most demented, lead poisoned bunch of idiots ever and we let them convince us that they are intelligent and deserve positions of power.

[@marfidudegaming1695]

With how hard it’s been to find work with my skill level/ experience in western Sydney and any affordable rentals here too. Now given the situation of being in a relationship with someone who can not work due to health reasons plus my own does make it harder to find somewhere to live they won’t let us skip meals or get her essential medication (even with disability discounts) We don’t have the support of family and what support we do have has been fought like hell to get but doesn’t make a dent in terms of stable housing. Honestly it’s harder and harder to not just say it’s not worth it and end it all.

[@Murto84]

>Ban negative gearing >Ban foreign investors >Ban homes sitting empty for more than a month >First-time buyers get priority always Simple as.

[@aussiviking604]

Wha wha. Get your shit together instead. Life is a shit sandwich 🥪 the bread you have the less shit you have to eat.

[@TheAbeKane]

@@johh55 10% of Aus housing is sitting empty, how would that change nothing? Foreign investment is driving up prices, because they get to 'speculate' and yet you say it will do nothing? Give some more details because so far you're looking like you aren't very aware

[@IzinTheBzin]

@@johh55 There are hundreds of thousands of empty homes in Sydney and Melb, ya pillock

[@justinm2697]

​@@TheAbeKane Where are you getting 10% from?

[@tylerdennis2139]

there are indeed a literal fuck tonne of empty apts/houses currently it’s on purpose, (foreign investors) basically money laundering. but the main prob is IMMAGRATION!!!!!!!!!! no not boat people…. my area (tweed heads, GC) is turning into fucking India…. your fucking blind if you can’t see that they have just completely taken over the market. the pushed so many people out of there rentals around here. the real estates have admitted to me that they had to stop accepting applications from sydney/melbourne etc. they basically applied in the thousands to every rental property in the area without even looking offering more money etc to seal the deal they have played the rental system.

[@Kustom2170]

I can understand how difficult it is now compared to 10 years ago considering we bought our house for 530k in 2011, now in 2024 it's worth 1.1 million. Wages are not increasing anywhere near enough to keep up with inflation, it's unsustainable and the low to middle class are getting left behind. 😓

[@leevan2332]

You couldn't pay me to buy a new home. They are only designed to last 10 years before they start to fall apart!!

[@Talmorne]

Less than 1 year with some of the ones I've seen

[@iwaswrongabouteveryhthing]

it's the land you are paying for

[@potapotapotapotapotapota]

at this point just buy a caravan home and save up a ton of money to buy some land to live off grid

[@leevan2332]

@@potapotapotapotapotapota My son is doing that lol

[@christopherpekel6096]

​​@@potapotapotapotapotapotayou can't stay on land forever Unless it's so remote nobody knows you are there There has to be a house

[@Aileron90]

the interest cost is actually insane, my mortgage is 550k, i pay 33k PER YEAR in interest ONLY. if i could write 33K off my main income per year thats like 12k tax return.

[@anthonyomahony3545]

But then you are losing 21k a year out of your pocket. That's a whole heap of money you won't get to use supporting a lifestyle. Negative gearing isn't that great...

[@lolgasmz1212]

@@anthonyomahony3545except my north bris IP is up 80k this year alone….

[@jimmy_james0007]

@@anthonyomahony3545 Yeah it is! Imagine you where paying this money as rent, it would transform at $634/week into $404/week rent.

[@jixal]

@@anthonyomahony3545 pft you still own a home that will increase in value when you sell it. That's the pay off, not the rent you get

[@Aileron90]

@@anthonyomahony3545 the 21k would be rent money (if I was renting it) so I would be completely broken even. Paying no tax yet I can buy up loads of property AND get my CGT halved when I sell, NG is actually great for investors and makes it WAY easier to buy up housing stock. It needs to be scrapped, if you can’t see how ridiculous that is then idk what to tell you.

[@tonymockeridge338]

Totally agree - join the local branch and add your voice to the many ALP members who would love to see the end of negative gearing and the capital gains discounts.

[@peterwarner553]

It would be electoral suicide.

[@chrisalan5610]

The goldfish with a buoyancy harness made my day. May their swim bladder heal quickly

[@terryp6396]

they will simply jack up rents. it's the solution to everything. more taxes? jack rent. lower market growth? jack rent. zoning changes? jack rent. sneeze without a nearby tissue? jack rent. the grandma that always hurts your cheeks despite you being 40 years old? jack up the mf rent. read a hurtful youtube comment.. you guessed it... jack rent

[@d13sel51]

Hi Terry, this is your landlord. Unfortunately this comment has forced us to review the cost analysis of the property for your next 6 month lease agreement. Whilst we are happy to offer you another lease, it will be $40 per week higher. We look forward to you signing the new lease agreement with us.

[@terryp6396]

@@d13sel51 well, well, I'll just find another property. you'll be sorry, I'll show you. o.. wait.. nvm, only 40 dollars?.. yes please. (a bit of an on the noes joke but that srsly happened just a couple weeks ago to someone I used to live with.)

[@griffin1366]

@@terryp6396 I left after a $30 p/w rise. Last I heard 3 months later, nobody has moved in.

[@merlin5662]

possible solution: introduce laws that protect renters. what laws that can be implemented to protect said people, i still do not know.

[@latentcc9448]

Tenant unions and rent control

[@aidenash6157]

Australia in general is on its last legs. Literally individual greed has destroyed the productivity of this country. Housing speculation will not increase domestic manufacturing/ food/ weapon developments or tech. We aren't even competitive in industries or exports. We are in a precursor of a major world war. Housing will collapse so ur better off prscticing to hold a sign that says " need a job" family to feed. Thats the future if you don't invest in local industries. Thats "if" our young people don't get drafted into a war that the U.S enters. Won't happen? Covid did. Laws changed. Practice makes perfect. There is your legacy

[@Dayman98]

Individual and business greed - which is why I’m looking to move and work in a nicer european country permanently. Australia is so beautiful but some fundamentally and structurally broken

[@devo3243]

When i was a kid, i thought the people on that preppers tv show were a little nuts. Now? Maybe they are, but they might still be onto something 😂

[@edt2572]

Underrated comment. You're 100% spot on about everything.

[@dudemanismadcool]

​@@devo3243yeah well. If there is one thing for certain that history has shown us. Mass starvation events occur all the time. They were never crazy.

[@todretex]

When the borders closed in March 2020, immigration dropped sharply, leaving Australia with negative migration for the first time since WWII. With fewer new arrivals, housing demand fell, especially in city rentals, leading to higher vacancies, lower rents, and fears that property prices might take a bigger hit then what they temporarily did. At this point the government pulled stimulus levers. Negative gearing encourages homes to be built because of financial incentive. Safe housing is the first thing. New Zealand scrapped negative gearing and it worked by having investors sell up as their investments became financial burdens. More renters bought those houses. (Which is good). And the bottom of the ladder got homeless. (Which is bad). They have reintroduced negative gearing now. The government needs to built thousands and thousands of houses. Also simple maths. Immigration is great but you can’t have more people than houses being built. Also houses need to be profitable to build. If you can’t fix these things you can’t have immigration numbers up at the expense of vulnerable Australians. We all have them in our family. Family members who rent sh*t boxes for absurd money. Family members in dodgy accommodation etc. everything else is political.

[@anthonyomahony3545]

@@todretex sssssshhhhhh your highlighting the real issue. We are suppose to blame the middle class for having an investment property

[@dawggonevidz9140]

oh right it's this round of migrants. not the round your mob came in with. right. so simple when you just use racism to explain shit.

[@maritimeretro2855]

housing has gotten so weird everywhere, we're in a strange place where everyone acknolwedges that nobody can afford housing anymore, but nobody does anything. Then some landlord with an income property tries to shame you in a really low IQ way

[@nfsdude0125]

The French had a wonderful way of handling issues like this.

[@dawggonevidz9140]

@@nfsdude0125 I got a pdf of the blueprints if you want to make one, stashed right out in the open on the internet.

[@BoogiePraisingTheGoodLord]

​@@nfsdude0125 Burn it down to lower the price?

[@Brendonxx12]

Totally agree with this video. I’m 32 and well it’s getting almost impossible to get into the housing market unless I have generational wealth passed down or the other factor not wanting to have kids. Could you only imagine how hard will it be for our kids and great grandchildren if the trend continues to grow

[@McSlurryHole]

im 32 and my plan is basically to curl up into a ball under a tree (in a public park) and let nature reclaim me. I think If I really work at it I could buy a house and have it paid off by the time im 90, but you only live once and why would I waste time dumping my life's effort into some wood and cement in a very far out-of-town suburb

[@TCafClips]

You guys should start surfing or playing golf if you don’t already. It helps you pretend things are fine.

[@CH-tv1cy]

I'm 30 and own two houses.

[@hardy9429]

At 32 you can do amazing things from here, you are in you prime earning years, but at the same time things get tougher in your 30's and life comes at you hard. I moved town, house was 10 times my wage to a place 5 times, I never looked back. we talk about generation wealth but we attack anybody who has worked their life to achieve it, it should not be considered unusual to work your entire life and have had amassed wealth, otherwise what are you working for, but the progressive tax system is designed to keep us all down so we cant escape it.

[@HumanMelter]

1:36 probably his Burundi handler

[@gianlucao0o]

So this has nothing to do with the fact that in 2023 163,836 houses were built however immigration for that year included 7 million temporary visas and 212,879 permanent positions. The issue clearly isn’t because there aren’t enough houses for the people it’s because of investors!

[@defectiveindustries]

When a select few control all access to land, development and consent, you are screwed

[@cjthebeesknees]

Idiots will call it Communism but it’s really the late stage effects of liberalism and capitalism.

[@Thee-_-Outlier]

You do realize that decision was made when the bronze age collapsed and the ensuing iron age put the final nail in the coffin of nomadic life, aka made their walled cities impenetrable and killed all the barbarian tribes that would routinely sack them from the dawn of agriculture until the iron age. Agriculture and the need for walled cities and armies and kings all stems from the measly farmers need to protect his land. Stop being idealistic and missing the big picture. Unless you are nomadic the wealthy will and should own all the land otherwise the individual farmers get sacked by outlaws. Nothing has changed or will in this regard, man. Educate yourself on how modern society even came to be and why 'land lords' and rulers are an unavoidable byproduct of agriculture; meaning you can't have agriculture without this inherent system of King>Duke>Earl>Baron..., or some facsimile

[@the1onlynoob]

Simple: 1. Companies cannot own residential properties. 2. Each individual can only own 1 residential property, no taxes. 3. Builders/Developers must sell all properties they build in 1 year after completion.

[@gordon1882]

and what happens when the rich people move to other countries instead? less business will be done in australia & with australians, less jobs, etc. or am i not being realistic here

[@sometingwongwai9679]

better option is since Australia is resource richer than Saudi Arabia, get Mohammed bin Salman to run the country and you will all get a house living monthly wage for free with migrants allowed to be your slaves

[@manfrombc5162]

If you're married can you only own one residence between the two of you? So you lose rights by getting married. Or if you're married the couple can now own two residences? So marriage is a tool for wealthy people to increase property ownership. Oh and I think I'll put a property in each of children's names. And what about a little vacation cabin that has been in the family for 50 years, that all the cousins use periodically? Does this count as a residence? That means one of the people in the family can't own a proper home. These proposals sound lovely, but they have some serious issues in practice.

[@Risingashes]

Foreign ownership of housing is illegal, all foreign owned houses must be disposed of over the next 10 years. Land tax is capped at the lower of land value or median income, to remove the profit incentive to state governments with land values. Any structure with the primary purpose of bypassing residential property limits, rates, or restrictions will be treated as a criminal offence.

[@Rexhunterj]

@@Risingashes Doesn't stop certain american companies from buying land here in australia under Australian businesses. It's legal innit, according to the law that is, lol. Law is a joke, you think those laws are there for the rich? they are there to keep the plebians in check, Middle classers are so dumb and out of touch.

[@iamseamonkey6688]

"join your local branch" bold of you to assume labor politicians give a shit about what the branches say

[@dawggonevidz9140]

Bold of you to assume the Labor party works the same way as the LNP.

[@iamseamonkey6688]

@@dawggonevidz9140 at no point did i state or even imply that. If you can't respond to my argument without misrepresenting it, don't say anything.

[@Amusiastudio]

Get rid of foreign investors.

[@Pucknuckle]

If they were actually that worried about supply, they would actually do something about the trend of house "values" going up as high as possible every single year. If more people could actually afford to build or buy their own house and land instead of being forced to rent because it's the only choice, the supply issue would be fixed pretty damn quickly...

[@redpanda4102]

here in 10 minutes to watch a video about the housing situation in a country I'll likely never live in

[@Humphrey-k9f]

Hallelujah!!! The daily Jesus devotion has been a huge part of my transformation God is good, after years of addition to drugs and sins God chased me down as I earn $12,500 monthly. My life and family has changed, Thank you Jesus!!!..

[@Humphrey-k9f]

Thanks to Mrs Maria Williams.

[@Humphrey-k9f]

She's a licensed broker here in the states🇺🇸

[@pjcollins-f1u]

Wow 😮 I know this woman mentioned here. she's really good with and on his job. She has helped a couple of families and individuals' finances

[@Humphrey-k9f]

After I raised up to 125k trading with her I bought a new House and a car here in the states * also paid for my son's surgery (Oscar). Glory to God.shalom..

[@Humphrey-k9f]

Sure, but KZbin's got a thing with posting numbers, so I'm going to drop her number y below. Hope that's okay.

[@sparkyenergia]

'Paying reparations', is that because he was colon-ised?

[@aliensareamongus7755]

Who are you talking to ?

[@sparkyenergia]

@@aliensareamongus7755 It was a bit in the video.

[@aliensareamongus7755]

@@sparkyenergia please don't do drugs or drink ,but instead repent and turn to Jesus,God bless you

[@anthonyomahony3545]

Foreign investment is the problem, not negative gearing. $5 billion of property was purchased by foreign investors last year, Australia being the most favoured real estate market for Asian investors. Little accountability and corruption oversight where these cash buyers acquire their funds. Why do we let foreigners speculate in our housing market???

[@Chris-ci8vs]

Nope BS.

[@Miss_Murph]

It's literally a tiny fraction of home purchases, was less than 5% IIRC

[@anthonyomahony3545]

@@Miss_Murph that may be so but 5% of any market usually can be a deciding factor in the supply/demand ratio and therefore has an outlandish effect on the price of the commodity/asset. It certainly wouldn't hurt the situation to restrict access for people who have no real vested interest in our domestic market. Leave foreign investment to the commercial sector.

[@metcruza5536]

The housing lobby and the gambling lobby....and I thought my home of Sicily was bad. These do it out in the open

[@Blluren]

In wa we have a 2% deposit system and it’s an actual lifesaver for my situation ! Property investors are absolutely ruining the market here atm without it idk what I’d do

[@boofalooaloo6875]

sorry ..

[@Blluren]

@@boofalooaloo6875 meh its ok, im 20 and in a position to buy a house with keystart so cant complain too hard

[@thetentmedia665]

"It's all on tick" you know we're fucked when we use the same word for when we owe our drug dealers money, as when we get a loan from the bank, hahaha we're cooked

[@Ben-zv7ph]

Nah its called good debt! You can't offset that against your income.

[@Ben-zv7ph]

Unless you're the dealer that's tax free😂

[@devo3243]

Drugs are the only thing thats price has stayed consistent with inflation 😂

[@whoguy4231]

Make negative gearing ONLY APPLICABLE ON NEW BUILDS.

[@geofftottenperthcoys9944]

None whatsoever would be better.

[@laceyvideo]

​@@geofftottenperthcoys9944 agreed, but if they take it all away at once, it'll be flat out political suicide and never stand a chance.

[@oldmanfeels]

give us more yilmaz ya dog

[@kingbillycokebottle5484]

We've been asking for Yilmaz for years

[@kieran10202]

Yilmaz has become a part of Jordan's personality now, he is in every video

[@dominoespizza1756]

Lol, jordies should make that a shirt and than never talk about yilmaz again

[@griffin1366]

we need more warhammer 40k!

[@1MrBryn]

Getting closer to that Ralph Babet video

[@forthexp8649]

One of my characters had a luck shortsword, amnesia including forgetting that the sword was lucky, a mechanic that allowed changing a single successful hit to a critical, and a serious case of weapon lust. He was getting his butt kicked by a BBG with a Vorpal scimitar, had already had an eye shot out by an arrow, and was now prone with 10 hp when he said "I wish I had that sword" at which point it materialized in his hand and he hit, changed to a crit, and cut off the baddies head from just below half health.

[@youngwillis63]

surely it can be tiered based on number of properties owned?

[@laceyvideo]

This. I can't see a govt succeeding if they try to rip it away entirely in one swoop. Itll need to be gradual so perhaps "can negative gear your first investment property". Gives a nice little bonus for Mum + Pop investors while discouraging house hoarding. Or just offer it on new builds and tier it.

[@EatSleepEmpire]

This is how you solve renting: 1. You can only charge renters the cost of the interest on your loan to buy the house, and/or to renovate or upkeep on the property. 2. You can only own 1 house, plus an investment property, plus one house for each child you have so long as they don’t also own any property. 3. Anyone that loses value on their house can get tax credits on the losses. You lose $100k in value overnight, you don’t have to pay tax until the amount reaches over that amount. If landlords are doing us all a service, that’s fine. We can pay for upkeep and the cost of interest, but the owners can pay off the house because they get to keep it. If we pay for the cost of the house, plus profit, plus they keep the house, it’s triple dipping. Unlike a rental car, or a mower hire, or even when we used to rent DVDs, that item lost value and was bought upfront at a cost to the business. Houses don’t usually lose value. They grow in value.

[@thememedungeonkeeper]

We have 12 days before the QLD election. We need more Bruz 2.0 videos Jordies!

[@fstop9466]

Fraser, 'Life wasn't meant to be easy', Antonio 'I'll ban easy', wear' fkt

[@DaewooLanos2001]

My dad and I loved your Sydney “leftovers” show Jordies. Definitely coming to the next one!

[@leanmachine]

Lol love the 1980s brick phone from wall Street

[@Hellbourne1994]

The likelihood of anyone removing it is slim-about 66% of Australians either own their home or have a mortgage, so the majority clearly support keeping it. History also shows that axing it could have unintended consequences. When Paul Keating scrapped it in 1985, it was reinstated just two years later because it ended up hurting renters more than anyone else. While you could argue it wasn’t given enough time, removing it during a cost-of-living crisis may not be the wisest move. It's something policymakers should approach cautiously.

[@gozzyboy1989]

Never thought id be on the housing list but here i am thanks australia for raising rent almost 3x in my area

[@chezwickcheese139]

"Got mine, up yours!" The real aussie way

[@КГБКолДжорджКостанца]

0:58 pulled out the Brick Phone Wooooo jordie whats the 411

[@mitchwitdawatwat]

gotta love that answer @ 2:44

[@Spentastic]

Instead of joining my local Labor Party branch I quit mine in disgust at what has happened to this country under Albo. Letting in over a million migrants which boosted already bloated property prices and trying to destroy my union by putting it into administration are just the tip of the iceberg when it comes to reasons why I loathe this Labor government. Informal vote in the lower house appears to be where I’m heading with my ‘vote’ at the next election. Albo doesn’t deserve a second term and Dutton probably doesn’t deserve a first one so it’s time to quit voting properly and just go through the motions so I don’t have to pay the fine

[@lawdpleasehelpmeno]

Or you could, you know, actually vote for a party that represents you and actually make use of the preferential voting system, instead of giving up and throwing your vote away.

[@merlin5662]

@@lawdpleasehelpmeno they can easily give it to the teals. because for the time being, the course of action for the next elections is for people to vote for teals to the point that major parties can't form government without coalition which forces them to actually reign in to the demands of the people. will this work? not exactly but is probably the best chance for change for the australian people .

[@catmerchant8699]

how i managed the housing crisis: i left australia

[@Dan7751]

It won’t make a difference when the government brings in 1 million new people every year like they have been. Best you can hope for is riverside views from your tent in Brisbane.

[@concussed_9532]

Every time the 2019 election is mentioned it makes me think that we're in the dark timeline from Zelda but in Australia

[@mattymattffs]

Ultimately the rules that are needed: 1. Make real estate agents illegal as they provide no benefit and do no work. 2. Make it illegal for any individual to own more than 2 residential properties. This would include their names and companies. 3. Housing control policies from rate they are built at, price they can sell, and rent control. The only way to fix this is to control every aspect. Canada needs to do the same

[@DBBBB]

I own 3 properties and I think negative gearing is ridiculous and should be abolished.

[@Efamily630]

Look at the UK who don't have negative gearing. They still have the same issues, affordability and supply.

[@sonofagreatsouthernland]

6:03 just your average islander greeting hahahaa

[@dcmirk]

Looks like Australia is becoming an oligarchy like it's adoptive father that United States. I'm so proud to see the apple doesn't fall far from the tree.

[@johnniewolf133]

Hence why I'll be looking to move across the ditch in due course. Can't be any worse than America 2.0. I didn't sign up to be born into the country Australia is becoming. Seriously, it really hit today that my partner and I are never going to be able to afford a home, in that time he got laid off and the employer is refusing to pay out his remaining wages, annual leave and the unpaid super for the last 19 months of employment that they haven't paid and Fair Work has done nothing for him, they actually yawned at him for stating "so you're just letting them get away with wage theft?" "Yep." ATO is quick on tax dodgers but isn't doing much about the missing super either. Now we have to go to court just for the bare minimum of employee rights and it will cost us everything to do it but it's simply the principal. Years of saving and those savings weren't even enough for anything outside of a small apartment with no proper parking space. It's all so corrupt. No support for anyone who follows every damn rule and does everything possible to make a living and do everything right. It's constant financial r*ping from everyone. The supermarkets, the REA, your employer's, the housing market, even going to your GP now costs way too much for hardly anything support there too. Everything is cutting corners and getting worse. All I am seeing is the country downward spiralling, horror story after horror story, families of homeless in the park, they work, they did everything right, now they are freezing and abandoned and nobody cares and they driven away every week by a council that is shutting down charity organisations trying to give them pods so they can have some semblance of a roof over their heads...how inhumane is that? A council that won't even allow a charity to support the homeless? Everything makes me sick now. It's enough of a pressure cooker to drive one insane. How much is it going to take to make Australian's start eating the rich and actually fighting back? People waste time and energy protesting other countries problems that we simply cannot resolve at all on our end instead of focusing on problems within our own borders that actually affect us directly. It's a joke. I just don't have the heart anymore to care about anything. Suicide seems like a great option if nothing else improves or works.

[@dcmirk]

@@johnniewolf133 I tried suicide once and thankfully it didn't work because I realized that if I'm going to die anyways, I have nothing to lose and can just walk away and start a new life. For real, brother, there is a lot of beautiful and fun experiences in the world, go have adventures and live to the fullest, you truly have nothing to lose. Suicide is selling your life out short.

[@dcmirk]

@@johnniewolf133 and for what it's worth, I think Australia is a wonderful idea, and why stop there? There is a whole world out there

[@dcmirk]

@@johnniewolf133 and your right about the greed, there's no way to get ahead on less than $30 an hour, and everywhere you turn everyone's trying to take your money and cheat you. It's sickening, and it will be this countries ruin.

[@macoxynormous8569]

I asked my mother why she hadn't paid off the mortgage. She said negative gearing. I now have an ADVO in place.

[@FelixRisingOriginal]

Whilst Negative Gearing might seem unfair, really it's not unusual to be able to claim expenses for a business... the real issue is tax payer "funded" (via lost taxes) capital gains tax discount, that should be immediately grandfathered, so that capital gains tax is owed at the same rate that it is for any other investment (think shares in the stock market).... why on earth are we foregoing tax on capital gains for housing? It promotes tax avoidance strategy that literally attracts more capital to the property market and inflates the market. This then attracts speculative investors also to the property market just to try and make gains off residential market just like BITCOIN! it's going up because it's going up because it's a TAX BREAK that isn't afforded to other investment asset classes... now that is crazy!

[@bfnew4440]

Hey mate. I might of misread Ur comment, but the CGT discount applies to all eligible assets held for 12 months or more. So it applies to shares the same way as property.

[@krulidn]

Grandfathering is a weak way of doing it. You're basically locking in the shitty status quo for 40 years or however long it takes for the current rich people screwing everyone over to die, and continuing the intergenerational wealth divide that currently exists. More still, you can see it as kicking away the ladder from anyone who didn't already have an investment property, making it even harder for them to buy and compete with those already doing it. So it's in fact even better for the current beneficiaries of an unfair policy. It's just something that people who are campaigning against policy change hedge their bets with to hoodwink everyone stupid enough to agree without considering how big a concession it is.

[@robd8577]

It is being able to claim losses against employment income that isn't related to the investment property that is the problem. No one is suggesting you can't claim rental losses against your rental income.

[@FelixRisingOriginal]

@@robd8577 ah, okay. I have no idea what I'm talking about...

[@Christmoore155655]

Am I missing something, we have a rental price crisis. Negative gearing encourages rentals to be run at a loss. If thats no longer beneficial they will all swing towards profitability....much higher rents to actually cover mortgages. How can removing negative gearing not raise rent?!

[@JP-sm4cs]

Because being a landlord would eventually become a nightmare and people would therefore sell

[@sl2462]

Young kids can either choose a path of stripping or crime if they want to afford a property in Australia. Forget the skilled path you won't be able to buy a property doing that.

[@dabombinablemi6188]

My mum negative geared her old home (bought it, married afterwards, moved into spouses home) - meaning that she was renting at a loss (aka rent was cheap)...and that she was stung with the very heavy capital gains tax when she sold it. This was over 15 years ago BTW, and the house has nearly tripled in "value" since then (don't know how beyond inflation - it had defects).

[@bochaba9]

Ill seriously vote for ANY party that is willing to repeal negative gearing on established properties. Grandfathering would be fine. There is no one to vote for.

[@lunsmann]

Not with perpetual grandfathering. The landed rich will just hold the housing market to ransom forever. Limited grandfathering, giving them 5 to 10 years to offload their properties to prevent a sudden market crash. But using income tax to pay off investments must end. They need to start paying their damn taxes to the ATO so the most vulnerable won't be neglected so badly anymore.

[@bochaba9]

@@lunsmann I dont disagree with the sentiment but, at this point, Im willing to be pretty flexible if it would mean it could get implemented.

[@balung]

Mate of mine has 4 investment properties, he doesnt own any of them, not even his own house, the bank owns all of them.

[@friendlyjordies-warhammer40k]

Where are the warhammer 40k videos FRIENDLYJORDIES

[@aron.gortman]

Funny coming from the guy who was "Albo"'s fluffer the past 5 years.

[@chrishart2359]

Just so everyone on the band wagon knows. Not all " investors" are alike. I'm 30, and I am a landlord. That doesn't mean I own 2 or more houses. I live with my friend and rent my house out. I worked my ass off for 4 years, working away 80% of the time to be able to purchase that place. I have only just started to see the negative gear benefits. If there is reform, the only people who are penalised are the young, hard-working Australians who have just entered the market. Not the fat cats at the top. They have already made their money. Food for thought

[@matticus24yum]

Reforming the housing market isn't about penalising anyone, it's about reforming the housing market

[@natheayn6111]

So are you saying that 1) we should wait 10 years for you to become a happy fat cat while today's 20 year olds languish, then change the laws? Or 2) that we should fix the laws now, and then take additional measures to fix the intergenerational inequality?

[@onlineandoverstimulated]

why don't u live in the house u bought u fucken grub

[@c.s2001]

I remember it was land tax in 1985 and rescinded in 1987.

[@That_Freedom_Guy]

I'm a settler. I staked out a nice bit of rain forrest near Nimbin and now I say I own it. I had a vision during meditation when nature told me we were one. So I am one with nature and nature can live wherever she fkg wants. ✌🏻

[@rvle.35mm]

I remember reading years ago, that some property owners etc., will purposely leave a certain number (lets say 1/3rd) of their properties purposely empty. This drives up the rent on other properties, as well as allows them to claim that they made a "loss" on said empty properties. How is that legal, if they're the ones deciding to not rent or sell those properties? I'm not sure how true this is and I might be wrong, cause tbh, I really dont understand how this stuff works. But, it's unbelievable to me that these very wealthy people, just dgaf whether others need a decent and affordable place to live or not. I understand they want to profit as much as they can before they pass away, so they have something to pass onto their children and grandchildren, but it gets to a point where it's almost inhumane imo.

[@CreemSmile]

New editor going crazy

[@JJ-zn6ql]

1985 we got rid of negative gearing and it didn't seem to work. Rents went up..

[@geofftottenperthcoys9944]

And some went DOWN, so whats your point?

[@JJ-zn6ql]

​@geofftottenperthcoys9944 It had the opposite effect. Less investors, less property, increased shortage, higher rent. Need government to build a lot more.

[@markedwards4879]

A few major mistakes here. 1. Negative gearing only makes sense if you can afford to lose money every year. Let’s say you lose $100 on a negatively geared investment. Congratulations you’ve lost $100, but you say you can claim that back right? Wrong. You get to take $100 off of your income which means you just get the tax from that $100 back, so in the highest tax bracket you’ll get about $47 back. Great, you’ve still lost $53. If you lost more than you earned that year then bad luck because you don’t get a refund on tax you haven’t paid…. 2. When Keating got rid of negative gearing in the 80s the rents shot up and there was bugger all to rent. I know, I was there looking for a place and ended up with my stuff in storage and couch surfing for 3 months. 3. I’d have no real issue if negative gearing was restricted to new builds. 4. Careful what you wish for if you got rid of negative gearing. Without it lots of places would not be worth renting out, or building in the first place. With the number of people wanting to rent that’d be a real problem and not everyone could afford or want to buy either.

[@RumperTumskin]

1 - That "$100 you lost" is often a 'paper loss' as depreciation. Yet, when the property is sold, it has appreciated??? And that gain gets a handy flat 50% CGT discount. Something which has depreciated should not be sold for more than you purchased it for - that makes no sense. Maybe the investor should have to deduct the depreciation from their sale proceeds on disposal, rather than claiming an operating expense against completely unrelated income streams. Operating expenses should only be deductible against related income, i.e. rent, and only for true operating expenses like rates (not depreciation of fittings/buildings IMO).

[@markedwards4879]

@@RumperTumskin Sorry mate, but no it is not a paper loss every year in most cases. The only paper losses involved are for claims against depreciation - otherwise it is real loss out of your pocket. In general the rental return is under 5% of the property value, but the interest on the loan is greater than that. Then there are insurance, rates and body corporate fees, plus maintenance etc that has to be paid for. The loss is greater at the start when. the property is new. To be quite honest about it the only benefit of property and negative gearing over shares is that you can generally lever more and it's more stable. Under your model no-one would ever invest in property at all since the returns would be so bad. That would mean that there would not be new builds at all. If any changes need to be made it would be to encourage new builds over buying existing stock - although that could have the side effect of making the capital growth less and once again making it not worth the effort. I have 3 investment properties that were all bought off plans. If I decide to sell one any profit is all against a single year's income meaning the highest tax bracket. I also have some share investments which I can sell a percentage of over time, with each sale counting towards that year's income.

[@RumperTumskin]

@@markedwards4879 If its not viable for private investors under reasonable/fair conditinos (operating expenses offsetting only operating income not unrelated wages, appreciation/depreciation offsetting only capital, perhaps with an actual-CPI-based CGT discount), then a public sector housing commission or corporate structure can take that role. Real property being allowed greater leverage than other asset classes is surely a big part of why the market is where it is today? I don't think that's a good thing.

[@haydenwilsonx]

I mean this in the most heterosexual way possible: the way you string an argument together is utterly brilliant

[@theiceelemental820]

If you support policies which support the rich and affluent, then you are either: A. Rich and wanting to stay that way by benefitting from the manipulation and exploitation of those below you B. Not rich but convinced by the rich that if you also exploit the same loopholes as them (and have family members who are already rich) that you too can benefit from this fair and balanced policy in 40-50 years of working a minimum wage job. The fair and balanced policy about negatively impacting other people's prospects to secure a zero-risk stream of income by raising the bar even further for the next set of people. Actually just the boomer equivalent of being a crypto-Bro and selling people into a pyramid schemes.

[@Rexhunterj]

Doesn't hurt that they are lead poisoned, lived in asbestos dwellings and probably tainted by who knows what other experimental crap that turned out to be bad for them. Yet they get all the power, lol.

[@lawdpleasehelpmeno]

That's funny because I'd wager a guess you're a huge fan of mass migration and multiculturalism.

[@drknoba]

Why not just keep negative gearing. But create more incentives for investors to build new homes.

[@liamme54]

it's all about to come crashing down

[@ChunkyMonkey78]

Really weird, Labour in the UK doing exactly the same stuff in the UK. Its almost like there is some sort of international organization telling them all what to do,

[@james3744]

The financial illiteracy is off the charts here. The issue is not negative gearing, the issue is the capital gains tax concessions. Negative gearing generally means that you are renting the property for less than it costs you to own the property (interest, rates, body corp fees, repairs etc). There are some exceptions when there are dodgy inter-company loans mind you (i.e. you're not really losing money). Its a perverse incentive that ONLY exists because property prices keep rising and profits on the sale of the property are lightly taxed. They simply cannot rent most places for the amount they need to break even let alone have a positive cash flow. Imagine investing in any other asset class where you lose money through out and then hope to make it all back when you sell. It would be like YOU paying a company you invest in dividends on the hope that the share price will go up enough when you cash out. Keep the negative gearing and increase the capital gains tax rate near the rate of personal income tax, and you will see plenty of investors exit the market. Phase it in, and you should have a relatively smooth response (as opposed to collapse). Unlike negative gearing where its all or nothing, just keeping bumping up the tax every few years until you equalize it. Better yet, halt this ridiculous migration intake and enforce anti money laundering laws on real estate agents and lawyers who launder dirty overseas immigrant money. If I cant buy property in your country, how about you fuck off and not buy in mine?

[@robd8577]

Not even close. The intent is to remove neg gearing and therefore the incentive to invest in otherwise unprofitable investment houses.

[@james3744]

@@robd8577 Thank you for trying, but no.

[@robd8577]

@@james3744 wasn't an invitation champ

[@michaelwalsh9881]

removing negative gearing may have the desired effects if there was enough dwellings on the available, but whilst vacancy rates are so low, removing tax incentives will only increase rent prices. Talking for myself, i pay $500 out of my pocket to cover the mortgage a fortnight and a further 250 for property insurances and rates, if I couldn't negatively gear that difference that I cover, I would increase the rent to cover said cost. With local vacancy rates being below 0.8% for my city I probably wouldn't have an issue getting that level of rent.

[@fkyhbubz]

First view, first like, first comment, first time. 🎉

[@TheSpiralCorp]

First like and comment on the first comment.

[@johnchristian3248]

Na. I was actually the first but deleted the comment since i wanted to pay it forward.

[@fkyhbubz]

@@johnchristian3248 hahahahaha well played Sir

[@Aileron90]

even if labor scraps NG, the rents will go up anyway, even if there is no demand, landlords are like woolies and coles but for housing. "ohh yeahh nah tough times, Costs goin up" and the media will smash labor again.

[@daviduranie964]

Exactly. At least negative gearing guarantees you won’t be renting a property for a higher price than the mortgage on it (which is standard in big American cities). Negative gearing caps rental prices, so it’s good for renters, not landlords.

[@Aileron90]

@@daviduranie964 what?, almost every house i've rented over the last 15 years has been more than what the mortage was...... negative gearing caps nothing.... be quiet

[@daviduranie964]

@@Aileron90 if their mortgage is higher than the rent, they’re not negatively geared, and you paid more than they did. You’ve just proven my point.

[@Aileron90]

@@daviduranie964 what? if mortage repayments are more than rental income, that is literally the definition of negatively geared. are you braindead?

[@DaveWrealLocal]

On average, each Australian Politician owns FIVE houses.

[@jestronixhanderson9898]

Rent caps - dont bother with negative gearing. Stops the craze started by Jamie Durie.

[@Ostalgie658]

"The Australian Housing Situation is Insane"

[@warrickdawes7900]

If we could just get the 2nd Tranche AML passed, grandfather out negative gearing, and possibly John Howard's CGT changes. The maybe, just maybe, housing would become affordable. (Damn you, in the first 5 minutes you mentioned all of it too)

[@biz1M]

The PBS report and their model implies that interest rates rate of rise will keep rising linearly as will inflation. This pushes deductions made by investment owners higher. This is where they pulled their 165Bn/10yr loss of revenue figure from. If we have such rate of rises, I can assure there's way more issues that a 165Bn hole is not going to cover. If the government wants tax reform (lets face it, revenue for a dwindling fiat currency facing constant debasement coupled with wage suppression, they have no choice but to dip more into citizens/corps), the answer is right in front of you once the super tax is done. It started with crypto assets, now it'll be tradfi then your typical assets. No CGT event, no care. ATO will love taxing unrealised gains.

[@xbrthrhdx]

Australia discovers Blackrock.

[@JefferyJenkem]

Investigate Albo and his 100 million dollar driveway

[@martingifford5415]

For issues like this that ruin life for millions of Australians, why don't the two parties meet behind closed doors and then come out together with a good reform? Then neither party will suffer an electoral backlash.

[@XiiSam]

Yeah great to see. Also love how the Tasmanian First home owners grant was also reduced to $10000 from $30000 so they could afford the old land tax reduction. Great budgeting :)

[@christophertalbot94]

It's an interesting thought experiment. Would you have to first implement the rent freeze idea? If enough investment properties are negatively geared then most obvious outcomes is an increase to the pricing power of landlords. If a million landlords raise rent to cover the shortfall other landlord would likely follow suite just because they can. If you froze rents long enough you could force negatively geared landlords to sell (maybe). Will that affect the banks willingness to lend for property? Will more people be able to afford houses or will banks see property as a risky investment and reduce lending? Would you limit property investment funds, hedge funds, super funds,etc from purchasing the properties.?Negative gearing is built into their structure, they pay tax on profit after expense not income like individuals. Would investors instead just purchase property in companies and trusts where the top tax rate is 30% where any individual earning over $45k pays 32%? Massive tax reform is needed in the country, not fixes. A complete rewrite.

[@hawkseyy]

You forgot “…is crazy” at the end.