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Negative Gearing Spat: Politics Finally Gets Interesting

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HAL 

Please don't shout at me - I can't help it.


Joined: 17 Mar 2003


PostPosted: Wed Mar 02, 2016 8:47 am
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What if it didn't happen?
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pietillidie 



Joined: 07 Jan 2005


PostPosted: Wed Mar 02, 2016 9:41 am
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stui magpie wrote:
^

Absolutely.

Residential housing and primary producers should only be able to be sold to Australian residents.

I partly agree with that, but there's no need to create a new religion around it.

We need to look at all of the major causes before swallowing the latest negative gearer PR campaign ("it's all those dirty foreign so-and-sos, not us!").

Even before checking the data to see what the effect of overseas capital is, though, we already know it has to be a case of drawing smart lines for the right reasons, without unleashing unnecessary protectionism, and spreading yet more hysterical, fear-the-big-bad-world nonsense.

Residential housing is an enormous national priority, so I agree fully that it warrants close scrutiny and strong action.

However, negative gearing and overseas capital might be pushing up prices, but they're still only part of the problem; self-entitleds who think they own the "character" of entire suburbs, down to the shadows which fall upon their yard or their view of the hills, might well prove to be the biggest menace of all.

So, being balanced means dealing with all the main issues, and not letting one interest group mislead everyone into thinking some other party is to blame. It doesn't matter where the investment comes from if you're dumping people miles from work and services, and it's costing a fortune to provide infrastructure to them.

So, when it comes to housing affordability, look at (1) negative gearing, (2) overseas asset parking, (3) self-entitled, NIMBY planning distortion, and (4) current planning practices all within the context of (5) stagnate or declining real wages.

In contrast to housing, food doesn't suffer from geographic immobility issues. Primary production is global enough, and dynamic enough, for farmland to be mostly unrestricted, surely. (Perhaps with some adjustments maybe for Aussie geography, or certain foodstuffs, or whatever).

Not to mention biotech is going to rewrite food completely over the next 20 years, meaning the value of a lot of that land is likely to decline, and we can leave it fallow for environmental reasons, in complete contrast to apocalyptic food shortage nonsense.

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think positive Libra

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PostPosted: Wed Mar 02, 2016 10:13 am
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I do t think genetic engineering will save the planet
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pietillidie 



Joined: 07 Jan 2005


PostPosted: Wed Mar 02, 2016 11:50 am
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^Is biotech something you secretly follow? Wink It's actually miles more advanced than most people think, as these things often are.

Mathematically, given rates of tech development, I think most futurists probably accept that biotech, nanotech, AI, and such, can readily deal with resource deficits. The very notion of an "energy" deficit is already a stupid one, which is huge progress given the last 100 years of oil wars and oil crises. (This is why people are divesting from fossil fuels and the North Africa to Russua is thrashing about like a cut snake, andalso why it's so insane to not be organising an orderly, rather than violent and chaotic, energy transition).

The bigger ongoing challenges will more likely be things which threaten dense populations: Bacteria and viruses, group-level violence such as groupist war and unrest, and high-impact change such as climate change and mass people movement.

Land certainly needs to be protected from degradation, and species extinction as discussed is a horror; however, Australia's *farm* land is *already* wrecked from an environmental and species POV, regardless of who invests in it.

In terms of the original discussion on affordability, the primary produce market doesn't seem to need increased protection at this time. On the other hand, housing certainly needs close scrutiny in those *four* areas mentioned.

(That doesn't mean there shouldn't be food security contingencies, of course).

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watt price tully Scorpio



Joined: 15 May 2007


PostPosted: Wed Mar 02, 2016 5:28 pm
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stui magpie wrote:
^

....

Residential housing and primary producers should only be able to be sold to Australian residents.


+1.

If Australians can't buy in. country x...then why should country x be allowed to buy....

Also this should apply to national assets such as:

Water
Utilities
Telco's

You old protectionist Stui Wink

But I'm in full agreement.

Far too much money laundering by the Chinese tied up in property.

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stui magpie Gemini

Prepare for the worst, hope for the best.


Joined: 03 May 2005
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PostPosted: Wed Mar 02, 2016 6:33 pm
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^

Dude, I've told you before my views don't line up neatly with any political party or agenda. Some are left, some are right, some are middle and some are just mine. Wink

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think positive Libra

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PostPosted: Thu Mar 03, 2016 9:02 am
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intersting article,
also interesting are the income stats,
i found all the info quite surprising!!

http://www.abc.net.au/news/2016-03-03/fact-check-negative-gearing-scott-morrison/7180812

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