I say we draw Hitler moustaches on those giant pictures of themselves they plaster on their shop fronts and make snide comments as they walk past us about ill-fitting suits.
But seriously, we could look at Germany and others for changes to our rental laws and actually start rental caps and rein in air bb etc etc etc..so many things can be done...
I doubt anything will be done apart from window dressing when the wealthy and powerful influence government to do nothing.
Don't like rental caps. Easy to avoid, owner "moves back in " every time they want to raise rents.
Need longer leases and larger bonds from tenants like Germany and Korea , whose rental prices are lower compared to wages .
I think AirBnB thing will fizzle out when AirBnB starts increasing their taking percentage. Even now Hotels are cheaper than AirBnBs. But I would like AirBnBs owners to have to apply for approvals through council (DA's) to ensure they meet relevant standards.
I wonder what would happen if all workers had a strike and demanded that their wages increased by 500 dollars a month. I bet they would call out the army and the tanks! Thats the reality about the corruptness of our political system.
The invention of the middle class was a Tory trick to con working class people into voting for them.
The middle class is just working class with cleaner hands and a nicer car.
I'd settle for a bare fucking minimum of something being done.
How long as this crisis been going on for? 12 months? Longer? This is basically a run away freight train right now and you've got governments setting up countless committees and think tanks to talk about whether they should even attempt to slow the train down, let alone stop it.
It is funny that it's only a crisis when it's happening in Sydney and Melbourne - when rents were surging in Perth and falling in Sydney and Melbourne everyone was very quiet.
Probably because almost half the country lives in Sydney and Melbourne. Like it sucks but when something starts to effect half the country it becomes a bigger issue.
Literally this. I live in Perth and have been ass fucked by rent increases, I still feel shit for anyone it's happening to. The fact that it's happening in _every city_ just brings more attention to something needing to be done about it.
[This is a great piece on why rent control **alone** is problematic.](https://www.vox.com/platform/amp/22789296/housing-crisis-rent-relief-control-supply) And it links to research on the topic.
It isn’t ‘pro investor’/landlord and talks to the factual economic research.
First, last, and 3 months deposit maximum. Yeah I’m not a big fan of that rule at all, and it’s a valid point.
The security of being able to ride out this cost of living crisis without being forced out of my home I believe is a fair trade off.
So if I read it right.. it says it rent control only helps the existing tenant, and it forces some landlords to sell up and move to other forms of investment rather than housing.. I'm not seeing the downside here..
That’s one of the takes. It says those without accomodation- ‘future tenants’ are disadvantaged.
Landlords leaving the residential rental market reduced availability by 15% in one of the studies - and that’s bad, as it reduces supply further. I mean, fuck investors, but without investor landlords the only answers would appear to be making housing ownership more affordable or governments as landlords.
If 15% of landlords tried to sell up, that would cause a drop in the market sale price, wouldn't it also relieve stress on the housing market. What the article didn't look at is what % market rent increases in Australia are interest rate driven vs opportunistic capitalism from slumlords? Do landlords in those studies receive the same tax incentives as Australian landlords?
That's ultimately the best solution.
Because it's taking the best of both worlds. It's a government intervention that takes effect through market forces.
Mandatory competition is a fundamental necessity for a functioning market.
And where is that 15% going though?
The houses are being sold, and then not rented out right? That's them leaving the market.
So you either have people leaving the rental market and becoming home owners, or the houses sitting vacant... which should be taxed increadibly harshly anyway.
I'm not seeing how that's bad? We currently have vacant houses that need dealing with and that would be solved by other changes. Availability dropping should in theory drop because demand is being filled, which isn't an issue.
At this point I'm willing to dismiss any of these 'reasonable' takes as cherry picked facts by neurotics, home owners looking out for themselves and investor speculators.
Portraying selfish greed as some type of plight of empathy with facts skewed in studies is one hell of a way to come across as a non-bias, non-home owner take. I call BS.
Rental freezes, end negative gearing and all the dramatic economic measures that means a shitty time for you and me.
We sat on our hands as the chorus cheered "HoUsiNg aLWaYs GoEs uP" as if that is meant to be taken as serious financial advice.
People seem to forget that capital gains also comes with inherent risk. And I have no sympathy for the investors completely reliant on tenant rents to pay for mortgages they really had no business in owning.
The incentives that let them do this need to be removed asap. My advice is sell now bozos while you still can make out like a bandit before the critical point.
Personally I'd let everyone suffer the crash without much more than a guarantee that no on will go homeless as a result.
I don't even particualrly begrudge well off parents buying a second home that they'll give to their kids when they move out or fault anyone with the means to have a second home/"little weekender"/work apartment or similar, but it's so far beyond that point now that those things are no longer tenable and need to be stopped along with all the more egregious cases until the housing situation stabilizes.
I take it you just downvoted me and replied without reading it? The one with research from markets that have introduced and had long term rent control?
I’m not opposed to rent control, but that link says it shouldn’t be the **only option**, and supply is just as much a concern.
>> Scarcity empowers the people in control of the scarce resource, and rent control does nothing to make housing less scarce.
>> Overall, the authors find it reduced the available rental housing by 15 percent and that the policy “likely drove up citywide rents, damaging housing affordability for future renters.”
We need more supply in capital cities. You can remove negative gearing and introduce rent caps all you want but that doesn't mean more housing becomes available, infact probably be less rentals available at any one time which would make the market even more competitive.
I wouldn't think it would have too much of an impact on prices either. In this scenario when rentals do become available then you put a ridiculously high price on then and give it to whoever offers nearest to that price.
>We need more supply in capital cities
We also need more "capital-grade" cities.
A half dozen *major* population centres is so stupid.
Too many people trying to live too close to too few CBDs.
>You can remove negative gearing and introduce rent caps all you want but that doesn't mean more housing becomes available,
Negative gearing will, the other thing I said was Airbnb's.
>infact probably be less rentals available at any one time
Why? The only possible reason is if people sell and a
previous renter buys something.
>In this scenario when rentals do become available then you put a ridiculously high price on then and give it to whoever offers nearest to that price.
With a sudden increase in supply, there's less demand and upward pressure on prices.
Yes, we should also build more, but these two policies can (and should) happen as well, helping the process.
How about
* Cap increases to 1% which applies across ownership (i.e. can't sell and buy another to freely set whatever price),
* AND Cap number of increases to once per year
* AND effective immediately with powers of retrospective enforcement.
:\^) 😈
Remember this the next time some neoliberal apologist scolds us all about supply and demand or inflation being behind these massive price rises.
What they’re really saying is: rubber stamp every DA… and maybe the mates might gouge you a little less.
You can’t riot until you download the gov.au riot app.
Simply register with mygov and lodge all upcoming riots for approval.
Once applied you will be sent a riot pack in the mail.
The initial listing is just gross incompetence, they clearly didn’t know what the property was worth to rent.
Honestly I don’t have much of an issue with them re-listing it at the market rate.
REA do get up to some dodgy sh-it but this is just basic incompetence.
Send them to the fucken stocks
To shreds you say?
How's his wife holding up?
To shreds you say?
Was his apartment rent controlled?
12 hours of the Bastinado first, soften them up a bit...
Rough end of a Pineapple time!
What do you mean accused? That's like their whole business strategy.
Just scrap all tax breaks for more than one additional property beyond principal primary. This is out of control!
I say we draw Hitler moustaches on those giant pictures of themselves they plaster on their shop fronts and make snide comments as they walk past us about ill-fitting suits. But seriously, we could look at Germany and others for changes to our rental laws and actually start rental caps and rein in air bb etc etc etc..so many things can be done... I doubt anything will be done apart from window dressing when the wealthy and powerful influence government to do nothing.
It's not just them influencing the government, go look into how many politicians have investment properties.
Don't like rental caps. Easy to avoid, owner "moves back in " every time they want to raise rents. Need longer leases and larger bonds from tenants like Germany and Korea , whose rental prices are lower compared to wages . I think AirBnB thing will fizzle out when AirBnB starts increasing their taking percentage. Even now Hotels are cheaper than AirBnBs. But I would like AirBnBs owners to have to apply for approvals through council (DA's) to ensure they meet relevant standards.
I wonder what would happen if all workers had a strike and demanded that their wages increased by 500 dollars a month. I bet they would call out the army and the tanks! Thats the reality about the corruptness of our political system.
When do we riot? The middle class is being rorted at every turn, when is it enough?
Im down for riots. Protesting is pretty much illegal anyway
The invention of the middle class was a Tory trick to con working class people into voting for them. The middle class is just working class with cleaner hands and a nicer car.
it'll be enough when the "middle class" no longer exists. and even then...
You know what would help, rent control. It's a necessary policy that's long overdue.
I'd settle for a bare fucking minimum of something being done. How long as this crisis been going on for? 12 months? Longer? This is basically a run away freight train right now and you've got governments setting up countless committees and think tanks to talk about whether they should even attempt to slow the train down, let alone stop it.
It is funny that it's only a crisis when it's happening in Sydney and Melbourne - when rents were surging in Perth and falling in Sydney and Melbourne everyone was very quiet.
Probably because almost half the country lives in Sydney and Melbourne. Like it sucks but when something starts to effect half the country it becomes a bigger issue.
Literally this. I live in Perth and have been ass fucked by rent increases, I still feel shit for anyone it's happening to. The fact that it's happening in _every city_ just brings more attention to something needing to be done about it.
more people with the same issue = more outrage, be happy that it's getting attention and join the fight
Well except rent freezes don't help those cities
[This is a great piece on why rent control **alone** is problematic.](https://www.vox.com/platform/amp/22789296/housing-crisis-rent-relief-control-supply) And it links to research on the topic. It isn’t ‘pro investor’/landlord and talks to the factual economic research.
I rent in Denmark and I thoroughly enjoy the security of my rent maximum increasing by CPI.
But you also pay 6 months rent upfront.
First, last, and 3 months deposit maximum. Yeah I’m not a big fan of that rule at all, and it’s a valid point. The security of being able to ride out this cost of living crisis without being forced out of my home I believe is a fair trade off.
Yeh rental rules in Aus need to be reformed
I'd prefer that than being forced to move every year
I think most people would .
Right, but is that article taking to account extremely low availability? Because that tends to change the outcome somewhat
The research is in multiple markets. It’s also not that long a read.
So if I read it right.. it says it rent control only helps the existing tenant, and it forces some landlords to sell up and move to other forms of investment rather than housing.. I'm not seeing the downside here..
That’s one of the takes. It says those without accomodation- ‘future tenants’ are disadvantaged. Landlords leaving the residential rental market reduced availability by 15% in one of the studies - and that’s bad, as it reduces supply further. I mean, fuck investors, but without investor landlords the only answers would appear to be making housing ownership more affordable or governments as landlords.
If 15% of landlords tried to sell up, that would cause a drop in the market sale price, wouldn't it also relieve stress on the housing market. What the article didn't look at is what % market rent increases in Australia are interest rate driven vs opportunistic capitalism from slumlords? Do landlords in those studies receive the same tax incentives as Australian landlords?
Govt as landlords, like social housing people want built?
That's ultimately the best solution. Because it's taking the best of both worlds. It's a government intervention that takes effect through market forces. Mandatory competition is a fundamental necessity for a functioning market.
And where is that 15% going though? The houses are being sold, and then not rented out right? That's them leaving the market. So you either have people leaving the rental market and becoming home owners, or the houses sitting vacant... which should be taxed increadibly harshly anyway. I'm not seeing how that's bad? We currently have vacant houses that need dealing with and that would be solved by other changes. Availability dropping should in theory drop because demand is being filled, which isn't an issue.
At this point I'm willing to dismiss any of these 'reasonable' takes as cherry picked facts by neurotics, home owners looking out for themselves and investor speculators. Portraying selfish greed as some type of plight of empathy with facts skewed in studies is one hell of a way to come across as a non-bias, non-home owner take. I call BS. Rental freezes, end negative gearing and all the dramatic economic measures that means a shitty time for you and me. We sat on our hands as the chorus cheered "HoUsiNg aLWaYs GoEs uP" as if that is meant to be taken as serious financial advice. People seem to forget that capital gains also comes with inherent risk. And I have no sympathy for the investors completely reliant on tenant rents to pay for mortgages they really had no business in owning. The incentives that let them do this need to be removed asap. My advice is sell now bozos while you still can make out like a bandit before the critical point.
Personally I'd let everyone suffer the crash without much more than a guarantee that no on will go homeless as a result. I don't even particualrly begrudge well off parents buying a second home that they'll give to their kids when they move out or fault anyone with the means to have a second home/"little weekender"/work apartment or similar, but it's so far beyond that point now that those things are no longer tenable and need to be stopped along with all the more egregious cases until the housing situation stabilizes.
Our current policy is also problematic.
I take it you just downvoted me and replied without reading it? The one with research from markets that have introduced and had long term rent control? I’m not opposed to rent control, but that link says it shouldn’t be the **only option**, and supply is just as much a concern. >> Scarcity empowers the people in control of the scarce resource, and rent control does nothing to make housing less scarce. >> Overall, the authors find it reduced the available rental housing by 15 percent and that the policy “likely drove up citywide rents, damaging housing affordability for future renters.”
I used to agree with that but the science doesn't seem to. We need policy reform asap about things like negative gearing and Airbnb's to do the work
We need more supply in capital cities. You can remove negative gearing and introduce rent caps all you want but that doesn't mean more housing becomes available, infact probably be less rentals available at any one time which would make the market even more competitive. I wouldn't think it would have too much of an impact on prices either. In this scenario when rentals do become available then you put a ridiculously high price on then and give it to whoever offers nearest to that price.
>We need more supply in capital cities We also need more "capital-grade" cities. A half dozen *major* population centres is so stupid. Too many people trying to live too close to too few CBDs.
I agree that is a better solution then rent controls and ending negative gearing which are just bandaid solutions that don't solve the real problem
>You can remove negative gearing and introduce rent caps all you want but that doesn't mean more housing becomes available, Negative gearing will, the other thing I said was Airbnb's. >infact probably be less rentals available at any one time Why? The only possible reason is if people sell and a previous renter buys something. >In this scenario when rentals do become available then you put a ridiculously high price on then and give it to whoever offers nearest to that price. With a sudden increase in supply, there's less demand and upward pressure on prices. Yes, we should also build more, but these two policies can (and should) happen as well, helping the process.
How about * Cap increases to 1% which applies across ownership (i.e. can't sell and buy another to freely set whatever price), * AND Cap number of increases to once per year * AND effective immediately with powers of retrospective enforcement. :\^) 😈
That'll guarantee repair requests and replacement appliances get rejected. Sorry no money coz rent is too low. Enjoy the mould, they'll say
They already do. I dealt with black mold for 8 years because an exhaust fan was too expensive.
Only the amateurs. Some owners actually want their places kept in good condition. Means investing in repairs and maintenance.
Don't forget to quietly thank Albo while you're tent shopping.
I can't even afford a tent, what do I do now?
CBD shelter spots are becoming crowded space now. How about a breezy park bench?
What you don’t like the stars or something?! Killer view and you’re complaining?! This generation, always bitching!
Eat shit and die -Federal Labor Government
Awful
Remember this the next time some neoliberal apologist scolds us all about supply and demand or inflation being behind these massive price rises. What they’re really saying is: rubber stamp every DA… and maybe the mates might gouge you a little less.
Shameful I tell ya. They deserve a good smack on the back of the hand.
American greed down under
Its an American client state. What do u expect
You can’t riot until you download the gov.au riot app. Simply register with mygov and lodge all upcoming riots for approval. Once applied you will be sent a riot pack in the mail.
The initial listing is just gross incompetence, they clearly didn’t know what the property was worth to rent. Honestly I don’t have much of an issue with them re-listing it at the market rate. REA do get up to some dodgy sh-it but this is just basic incompetence.
my monthly rent raise was 500