(Completely different country here, no present risk.) The unfortunate reality for me is that I have three kids who might be called up if the shit hits the fan, and I’ve had 30 odd years longer on this planet.
If its not me, it’s my kids.
(Completely different country here, no present risk.) The unfortunate reality for me is that I have three kids who might be called up if the shit hits the fan, and I’ve had 30 odd years longer on this planet.
If its not me, it’s my kids.
I have (had- grew up) 3. They are cute - its a natural defense mechanism so we don’t throw them in the bin when they are up at 3am for the 22nd night in a row.
Trump doing illegal shit is also a “widely expected move”. Expected, not good.
Great, guess I know what I’m doing after my uni exam… and possibly before (let’s be honest).
Hang on, Troopers mod???
How do we fix it - make it less profitable to be an investor without pushing up the price of building new houses.
capital gains tax
empty property/ land banking tax… and a significant one.
significant taxes on investment properties when multiple are owned. Controversial take - i think no penalties should apply on your second property, and half on the third.
minimum standards and registration of rentals.
and a significant reduction on these if the property was built in the last 10 years.
Yes they could - but they aren’t being used.
Plus, you know, that’s socialism or communism or something else people don’t like for some reason.
You could easily exploit borderlands- but live action? Its like a live action Kerby.
NO MR TORGUE!!!
I don’t have the right rant to express my displeasure at this, someone wanna help me out??
EXPLOSIONS!!!
So how much money someone can make from a property has no relationship to the decision to build more property?
Really?
It shouldn’t be - but ill tell you right now that no one will be a landlord unless they can make money from it, and people who move out of home at 18 won’t have the money saved to buy straight away.
Make no mistake, I don’t like the housing crisis and its causes either but I know rent caps isn’t how we fix it long term.
People don’t like applying economic theory because it reminds us of the core part of being human - I only care about myself and will act in a way that benefits me. Even altruistic people act as they do because they want to disadvantage themselves to help others and you can’t force them to change.
Rent caps are one of those that sound good in theory - like telling ticketmaster to lower the price of tickets, or 0% unemployment. But doing so just means other things suffer.
Supply/demand is usually micro…
Almost like no one wants to build any because they can’t be invested in and the only people it works for are those who already got one.
Not OP but ill do you one better and link the free online textbook that is used at a number of universities.
Look up “The core Economy 1.0” chapter 11, section 10. Case study on fixing rent prices and the following consequences, along with a step by step diagram.
You forgot the other thing they teach.
Never discuss that with anyone who hasn’t studied economics - the same as how we will deliberately reduce GDP to increase the unemployment rate, or sometimes a country is better off by axing a productive market and putting 50k people out of work. They don’t see how and will only take it out on you.
Its just not worth the arguement.
You forgot “this is what hard-core Christians believe, this is where it contradicts itself, here are the 10 commandments including love thy neighbor and don’t worship false idols”.