Giles Watch (formerly ShmiraSoft)

This is true but I'm noticing a bit of a dark pattern going on. Boomers in a 5 bedroom property sell to a foreign investor (the ALP tell us not to worry because "you could never afford that anyway"), and then the boomers downsize to the only thing a young person can afford within a reasonable distance from their workplace, a 1-2 bedroom apartment in a metro area. Leaving young workers up shit creek and metro neighbourhoods are just full of daywalking dividend boomers.

@NatedawgO7 They hate being reminded that if they sell their property, someone else is buying it, it doesn't just 'disappear'. There needs to be some serious disincentives introduced against allowing a person's need for shelter as an investor's play thing.

We moved 11 times growing up as a kid because the investor sold We would have had so much more stability through my childhood if investors DIDNT Sell and renters had long term certainty for their daycare, schools, job and social network. This is a good thing if investors do this. (I think more likely nothing will change though) It’s so funny how investors can’t get their story straight about what will happen if there is tax changes. Some say they will all sell and there will be no rentals and some say none will sell. lol

@NatedawgO7 My landlord is in the process of selling now because they're spooked by the potential changes and they're worried if they wait too long they'll be competing in a sea of other spooked landlords.

@David_Salonica @Devilgamer21 @DrewPavlou @MichaelWestBiz @PeteZogoulas @grok is this true?

@Devilgamer21 @DrewPavlou @MichaelWestBiz @PeteZogoulas 72 virgins is zionist media propaganda 66+6 is 72. Nowhere in the Quran does it say you get 72 virgins

We received this death threat from an Islamic extremist yesterday promising to harm us if we continue investigating NDIS fraud in West Sydney. @PeteZogoulas

The sixth "most cited" use is not a measure of its impact on the property market, its a relative measure of the proportion of people using it for property. It can still be the sixth most "cited" (I suspect there is a lot lurking beneath the surface of this term) use while having an outsized impact on the proportion of owner occupiers in the market.

@GilesWatch @NatedawgO7 @ajamesbragg @grok Once again Treasury analysis shows this is not true. It was sixth most cited use. Plastic surgery was not statistically significant to make the list. Next point...

We need massive supply side reforms in Australia to deliver a bounty of energy and housing. Labor’s failed over their 4 years. Anything else is a gimmick.

Absolute brain-goop logic. Billionaires can only accumulate wealth if their companies are earning money - and if their money cannot be invested in anything that makes money / the value of that money drops to zero, they are no longer even worth anything. Either stop sounding like a random word generator or stop replying, you don't have the requisite IQ for this - come back when you can think more than one logical step ahead at a time.

@GilesWatch @rationalaussie None of those things are neccessary for anyone in the top 0.1% in an AI driven automated world.

Imagine the impact of a $200k job instead costing $20, and a year's worth of work taking 20 minutes. Then tell me with a straight face that AI will create more jobs than it destroys. You'd have to be a bona fide retard to believe that.

@PoliticalToonz @rationalaussie What are you on about? Without selling loans the banks collapse, without selling seats the airlines collapse, without selling policies the insurance industry collapses, and if all of the above ensues the property market collapses and takes Australia's entire economy with it.

@GilesWatch @rationalaussie Thats the key part you are missing, they dont need anyone to purchase their products, at all.

@JasonGFalinski @NatedawgO7 @ajamesbragg @grok Smoke and mirrors. During that period the Morrison government allowed people to access their superannuation for "emergencies" and everyone used it for a deposit.

@NatedawgO7 @GilesWatch @ajamesbragg @grok And from 2020 to 2023 investor activity was at the lowest level on record, this could be seen as catch up. Further, when immigration was zero, monetary policy was close to zero, and investor activity was the lowest on record, was the greatest surge in house prices

Angus Taylor and Jane Hume are extremely vocal about their opposition to tax reform specifically towards negative gearing and capital gains tax changes - the very policies that have turned property into a driver of wealth - owner occupiers are shrinking as a proportion of total buyers consistently for the past 50 years. In what world can your party be immune to criticism for having a policy agenda that is actively harmful to the financial security of future generations?

@GilesWatch @NatedawgO7 @ajamesbragg I think you can make many criticisms of me and my party, first would be a lack of policy but not this. And with respect your zero sum view of the world is more limiting than any tax settings

@JasonGFalinski @NatedawgO7 @ajamesbragg The LNP policy agenda. Your party wants to preserve the tax settings that have locked a generation out of financial security so a very well off subsection of the country can accumulate even more wealth. All the while your voter base has eroded to an all time low. Poetic justice.

@GilesWatch @NatedawgO7 @ajamesbragg What measurement tool are you using to reach that conclusion?

@NatedawgO7 @JasonGFalinski @ajamesbragg LNP politicians have less capacity for self awareness than a farm animal. Like a moth to a flame, they will dogmatically pursue their ideology if it ends them or not - it's beautiful to watch.

So your policy is the exact same one you had when you were a front bench IN GOVERNMENT 10 years ago….and since then prices and rents have more than doubled. lol You’re out of touch and I’m not surprised your party is polling at 17% I hope in 5 years you realise this is where you went wrong when your party doesn’t exist anymore

@NatedawgO7 @parnellpalme Ok but also tax foreign investors through the nose and limit them to one property.

Yeh I don’t care about patriotism or wrapping myself in a flag. Just reduce immigration to like 160,000 (by reducing international students) so new builds of homes exceeds population growth. It’s essentially the policy the left Labor government in Canada is now doing (and rents are falling) Being able to house the Australian population is more important than any potential downsides. Labor saying migration isn’t an issue to a renter in nsw that on average his rent went up 6% when his wages went up 3% won’t cut it. There’s an old saying I heard recently. If only the racists are talking about reducing migration to sustainable levels and it’s ignored by everyone else then people will hold their nose and vote for the racist if migration rates are important to them.

My column: The major parties are making a hat-trick of mistakes which only serve to illustrate to the voters leaving for One Nation that they were never really valued or understood in the first place. The first is trying to understand ON voters by talking among themselves. The second is patronising them. And the third is trying to fob them off with messaging rather than responding respectfully to their experiences. Link in first comment.

@NatedawgO7 The power of mogging.

What an absolute boss David Pocock is. He has no real power as an independent in the senate where his vote doesn’t even count as Labor can rely on the greens to pass bills but he’s so popular on social media he’s pushed the government to finally hopefully tax the gas industry.

One nation the biggest party for Renters now. It’s almost like that a bunch of politicians with investment property’s don’t understand what it’s like for your rent to go up twice as fast as your wages for 5 years straight

@ALeighMP Write a book about it you flop.

Noticing more One Nation content in your feed? Before you decide to hit play, it’s worth taking a closer look at what they’re actually proposing.

@DrewPavlou Phwoar bars - you're getting a lot better at cutting to and articulating the deep core of these issues, respect.

The Australian Labor Party is leaning so hard right now into promoting ethnic and religious sectarianism - it genuinely appears to be their number one political strategy for all future elections and it’s extremely alarming. Consider this example today. Here we have Australian Foreign Minister Penny Wong greeting a political conference for “future Chinese Australian leaders” - basically adhering to the PRC’s blood and soil line that all ethnically Han Chinese people are still “Chinese” no matter what, even if their families have five generations history in Australia, even if they migrated from countries like Malaysia like Penny Wong’s own family. I thought we were all supposed to be Australian? The Australian Labor Party appears to be borrowing here from UK Labour’s strategy of asymmetric multiculturalism - actively promoting and encouraging minority sectarian identities while badgering the majority culture to suppress its own expressions of community identity. Think of how few Australian Labor federal politicians celebrated Easter and Australia Day compared to ethno-religious holidays and festivals like Ramadan and Chinese New Year. Think of Labor Premier Jacinta Allan insisting that Australia is a “nation of foreigners” with literally no common core culture or national identity. This is their strategy of assymetric multiculturalism. Where are the political conferences for future Irish Australian leaders, Italian Australian leaders, Anglo Australian leaders? Why was I never invited to shake the Foreign Minister’s hand at a political conference for “future Greek Australian leaders”? LMAO. These conferences don’t exist because they would be seen as ridiculous in a society where these groups long ago were expected to assimilate into a common Australian culture. But Labor now appears to want to undermine civic nationalism and a common civic culture. It seems like they want to divide up the population of Australia along dozens of different ethno-religious community lines. They want to deal with unelected community “bosses” to turn out the vote, like the era of Tammany Hall Irish ward bosses in New York City. It’s a disgrace

@AvidCommentator "I know! A thupply tsar! ☝🏻🤓"

I cant believe I'm even thinking this, but honestly if I had to choose between Albo and ScoMo for a crisis PM to play international trade hard ball, I'd have to go with Morrison. So far Albo's approach to this crisis has been at best poor.

@SteveWoosnam @DrewPavlou Your entire head.

@DrewPavlou Cool and the problem is what exactly?

This video was posted on the official NDIS Instagram page of Borealis NDIS Services in Bankstown Sydney. This business is supposed to look after disabled kids

@Kailzer @matt_barrie And boy did we bring in some heads.

you would think so right. but cutting immigration means admitting the GDP growth was fake. the whole thing was just headcount not productivity. nobody in canberra wants to say that out loud

Surely in a spiraling energy and cost of living crisis it would make sense for Albo to cut immigration right back