@TJJohns24849083 @DrewPavlou Haha doubling up on the "your wife" calls, nice. Fuck it go for three I reckon, we're riffing with the best here.
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Giles Watch (formerly ShmiraSoft)
866 posts
Giles Watch (formerly ShmiraSoft)
@GilesWatch
Centre left millennial.
Katılım Temmuz 2024
111 Takip Edilen37 Takipçiler
@jsmith_dev @Potstirrer111 Yep which will mean that property is less desirable as an investment, lowering demand from investors and clearing the way for first home buyers.
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@GeoffWilsonWAM No thanks - you and your clients can pay tax at the same rate as income on your seedy "asset management".
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Great nations encourage people to take risks, build businesses, invest for the future and create wealth. Weak nations tax those behaviours until they disappear. Australia is at a crossroads. Sign the petition to protect aspiration, investment and opportunity.
Wilson Asset Management@WilsonAssetMgmt
Please stand with us against changes to CGT. These changes go beyond property, impacting shares, businesses, family farms and retirement savings. Higher taxes on risk-taking mean less investment, fewer businesses and slower growth. Sign the petition: wilsonassetmanagement.com.au/capitalgainsta…
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@TimWilsonMP Those small business owners must be petrified having you in their corner. If you do as good of a job as you did last time you were in government you'll achieve nothing. Have you offered a single idea to fix the current system? Beyond "raid super for housing"?
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@Potstirrer111 Same, I'm usually $50 out of pocket to spend 15 minutes with a 25 yr old who asks me if I want to see a specialist or not.
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@TJJohns24849083 @DrewPavlou I don't reveal my identity online, that doesn't change the fact that you're a parasite, you just had no leg to stand on and lashed out like a child. Go invest in something useful for your family 🥺
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@GilesWatch @DrewPavlou Like your wife when she sees you naked bitch boy. Try posting a real photo and not hide behind cartoon characters like your comments.
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These “property investor” idiots are scum. They add nothing to the economy, they aren’t building anything. They are just parasitic leaches extracting rents
Sparky777@Potstirrer111
Property Investors in their final stage of grief. Trying to organise collusion to punish renters in a housing crisis. We really don’t hate these people enough.
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@TJJohns24849083 @DrewPavlou I don't envy parasites, I pity them.
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@DTealy1 @DrewPavlou Yes demand from immigrants = bad, demand from investors driven by absurd tax offsets that exist nowhere else = good. I'm all for lowering immigration but I'll take them over property investors every day of the week.
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@GilesWatch @DrewPavlou Mass migration has pushed up property prices by increasing demand
And new dwellings have mostly been 1 and 2 BR apartments, not houses, so while new property supply has been low, the statistic for new bedrooms is worse
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@DTealy1 @DrewPavlou Yes the beneficiary is the tenant as long as you can't see further than your nose. Should the tenant like to purchase a home however, they stop being a beneficiary, don't they Mr. Economics? Because the property prices have been inflated by useless parasites.
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Investors are coming to terms with the reality.
Just like when the government introduced the Ute Tax and the tax passed on to the price of a new car, landlords are already passing on the new taxes with much higher rent reviews
If you studied economics you would understand the beneficiary of NG is the tenant
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@DTealy1 @DrewPavlou The changes haven't been implemented yet and it takes time for investors to come to terms with the new reality, as we can see playing out right now. They're all reeling and lashing out, threatening to increase rents in retaliation like the cartoon villains they are.
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@TJJohns24849083 @DrewPavlou "bit more for their families" come off it leech
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@DrewPavlou The government did this, not the investors who wanted a bit more for their families
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@DTealy1 @DrewPavlou If you remove all investor demand, the cost of housing becomes affordable for renters. Job done.
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So if there are no property investors, which you appear to desire, what can renters rent?
Do you want all housing to be government supplied like USSR?
Of course rents will go up. Name an industry where the prices don’t go up when government adds costs?
Eg Ute Tax. Gov increased taxes, prices went up
Property is no different
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@ausstockchick Getting ahead of who? Of what? Spiralling property prices driven by career parasites? We wouldn't be in this mess if it wasn't for these leeches "getting ahead".
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I love how a mortgage broker has spent nearly 20k on a sign outside Canberra Airport which reads…
“Getting ahead just got taxed”.
Legend.
#auspol
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"Build to Rent" is a complete joke. This 1 bdr apartment in Sydney costs $852 per week and they set maximum income limits which require the tenant to be paying 50% or more of their income in rent.
@ClareONeilMP @tanya_plibersek @CloverMoore
realestate.com.au/property-apart…
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Giles Watch (formerly ShmiraSoft) retweetledi
345 days to sell in a suburb where the median is just 10 days. 👇
Originally listed at $2.2 million… eventually sold for $1.64 million — a 25.5% drop.
This is what can happen when vendors chase peak market prices instead of market reality. The property market isn’t invincible, and buyers are becoming far more price sensitive. 🏠📉
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@Potstirrer111 And then they object to being called parasites.
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@DaveSharma Ironically this makes complete sense according to the LNPs generally amoral philosophy. Your whole argument hinges on "I took the risk so I get the reward" well coming out of a casino having made money is arguably a bigger risk than ETFs, is it not?
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Under Labor’s new tax:
— You can walk into a casino, come out $1000 ahead, and pay $0 tax
— but if you make $1000 on shares/ETFs, you will pay $300-470 in tax
— if you build & sell a business, the ATO now takes 30-47% of your gain
Gambling is tax-free. Investing is punished.
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@PranteP27817 @nagz_the_dog @matt_barrie They're running out of time. Even the new Sydney Airport won't be able to fly in enough "global talent" to keep the Ponzi alive.
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how about those 5% home loans
facing
5-10% drop
11% currency debasement and
18.75% more interest paid
Crashman@Crashman_X
Morgan Stanley have now made the incredible call that house prices could fall between five and 10 per cent as the tax changes dramatically alter the economics of property investment and slash borrowing power for new investors.
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@WR_Drew @DaveTaylorNews Even if we took these (comically wrong) numbers at face value, they show that Sydney and Melbourne are down more than 10% compared to the same week last year.
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@DaveTaylorNews your an alarmist! should be better working for the ABC.
Clearance rate up in NSW and SA
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Auction clearance rate for entire state of Queensland: 39%
Here we go
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Giles Watch (formerly ShmiraSoft) retweetledi
What people don't seem to realise is that we're in the 'in between' phase.
Everyone selling doesn't quite realise that demand for their three bedroom gyprock shacks has suddenly dropped due to it being a poor investment for over 60% of their formerly interested buyers.
A first homebuyer doesn't want a $1.8m former rental in Campbelltown.
Timmehhh 🍞@Timmehhhh7
How many young Australians bought a home this weekend after they weren’t outbid by “Investors”. Not many I reckon. Going well so far then. How long until Labor abandon “The modelling”.
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