Forum Replies Created
Hi Vokat. I came across this recent announcement from New Zealand about the introduction of capital gains tax. MT
http://www.businessinsider.com.au/new-zealand-has-just-announced-a-tax-on-property-to-curb-its-rampant-housing-market-2015-5I don’t want to buy into this argument as it is very personal to a lot of people, but I would like to say that it is untrue to claim that the Communist dictatorships mentioned above had no religion. They, and Nazi Germany for that matter, were cults of personality that developed into State religions. Dogma is dogma and is always dangerous, for the vasty majority of religious people, their beliefs bring a lot to their lives, there are others who are perfectly happy without religion also and that is great for them. The use of force, by the state, to control populations is the problem, it doesn’t really matter what it is in the name of.
Even on your assessment I don’t think that qualifies dictatorships as a religion. And I think the substance of the Dogma makes a difference. The dogma of Mother Theresa is a threat to nobody. We shouldn’t be afraid to make moral judgements on the ideas as well as the practices. MT
I can see the point but not so much with banks. There’s not going to be a calling in of loans sufficient enough to have any broad impact. If there is any flattening off or correction that won’t play a part. Tightening of credit policies are the much more likely culprit. What do you think the impact of the credit protection laws will be when things turn? Will that offset pressures when interest rates start to rise again? MT
I am in VIC and I took it out once I had an interest in the property, ie. I had signed the contracts. It’s not very expensive for 30-90 days of settlement. MT
I remember this and other similar cases. http://news.domain.com.au/domain/home-investor-centre/court-ruling-spells-trouble-for-investors-and-rental-agents-20100922-15m7i.html Go figure. MT
The other thing about reaching out to achieve ever higher levels of borrowing is it NEGATES the key factors that keep the value of the property market. Longer term trades .. higher degrees of land holding and a realistic pricing versus comparatives. You’ll have people releasing property due to the inability to afford the land taxes rather than holding for extended periods.
Interesting. From an investors point of view won’t that ongoing cost just be passed down the line to tenants (creeping up to $25/wk)? And wont the easier entry to the market boost the price in the same way it does when restrictions to credit are eased? I’m not saying I’m right but I would be interested to know your thoughts on that aspect. MT
That sound’s interesting. My view is that the more the government can wind back on taxes and charges the less it’s stealing from it’s citizens! I hope they do it. But if you remove artificial barriers to market entry then there will probably be a spike in home values which will eventually cancel out those stamp duty savings anyway. Better to have the money go to the people than the bureaucrats though :) MT
Plus tax plus charges plus stamp duty plus rates plus etc … Where aren’t we stolen from by government?!? But inflation is a good way for governments to steal off us today and pay it back for less tomorrow. I wonder when that will become a driving strategy again like it was under Gough whitlam? MT
Hi Schpeet. Derek Gehl works in this area. Steve has had him at events before too. I read this article of his recently https://derekgehl.com/internet-marketing-trends-predictions/ Definitely looks interesting.
So Abbott survived this time avoiding a spill motion 61-39.
I’d be going with the glass as 40% empty not 60% full. I’m sure there’s another 10-20 against him who didn’t want to pull the trigger for various reasons.
Having said that I think the gap is just enough for him to keep authority in the party and give him the clearance in the media if he doesn’t make another stupefying blunder or court controversy with an ill advised captain’s pick.
Hey Lalibella,
I agree that it was an interesting tweet by Murdoch. Probably had the opposite effect though, I mean how can Abbott possibly sack Credlin at the public behest of Murdoch? His private entreaties to Abbott must have gone unheeded – has fairfax written something like that yet ;)
MT
Hey Steve,
Haha! I was feeling a little bit opinionated.
Who I vote for … now that would be telling. But I usually hang centre/right – make of that what you will! The saying “love is blind” still has its limitations though.
:D
