Victorian (Melbourne) Greens Candidate Roxane Ingleton is running for Lord Mayor of Melbourne, this was her investment property (that she has since sold).
As an American who moved to Australia almost two years ago, I’m shocked by how property ownership is like a cult religion here. Sure, it’s big in the states too, but not on such an emotional and drastic level. In America, people say “they’re gonna take our guns away!” Here it’s “they’re gonna take our property away” at any suggestion of positive change.
Well... They already took our guns away .... For anyone that jumps the hoops and maintains the licenses etc are seen as second class citizens because how dare you have any like, attraction, enjoyment or practical use for Firearms in this country. All states are constantly trying to tweak the laws to make legal firearm ownership harder and harder becuase that'll stop the criminals and illegal firmarms right? Yeah nah Bullshit Jog on. 30 years of shitty Government policy and Australias broken banking system constantly pushing "Home ownership" or investments I'm sure has nothing to do with that cult religion....
ok guru. So you have spoken to most Australians have you? What are these positive changes you talk about? Maybe show some respect and keep your mouth shut until you at least have a blue passport in your possession.
So many councillors are landlords, developers, real estates and property managers and honestly, the whole local government sector needs super heavy scrutiny and where possible, total bans and/or divestment rules. It's insane how many local councillors are just property developers who got in so they can rezone their own land for their specific financial gain. I've seen suburbs with thousands of houses go up in flood plains with only 1 road corridor in or out.
My partner and I were homeless at the beginning of this year from a very similar situation. We live in Tassie. Our kitchen ceiling collapsed in the early morning, which mind you could have killed our cat or seriously injured one of us. This was due to a combination of a mould infestation, and a water leak from the upstairs unit. The mould infestation had also ruined a number of our possessions much like in this story. Upon speaking to the upstairs neighbours we also found several signs of decay in their apartment. Cracks in the floor, walls, and ceiling. And both the shower room and a hallway leaning to the side. We were told by real estate to stay in an air BNB until the issue was resolved, real estate told us all fees would be covered over the phone. Upon staying in the cheapest air BNB, that we could not afford ourselfs, we were told by real estate that they weren't sure if the landlord would cover the BNB. It took about two weeks of back and forth before we received confirmation we would be compensated. Due to the low amount of affordable rentals, my partner and I were then homeless for a month depsite both working full time. Stories like this not uncommon people. Its utterly disgusting and unnecessary.
God as a greens member (from qld tho) this pissed me off so much I think there have been discussions up here abt banning landlords from seeking preselection (like vic soc) and I rlly hope we do it
@@ThinkerNinja move to another country you leftist dropkick. You and your comrades stupidity is making Labor even worse than it otherwise would be, driving us all off a cliff. The level of stupidity needed to a) be a green and then b) admit it on the internet is astronomical. Just go away.
I was a landlord for a time, I did not buy the house to rent, after having lived there for several years, I was fortunate to find a partner whom I eventually moved in with. It was practical to rent the house as I wasn't living there. I was able to help the tenant when he became unemployed for a time, and I maintained the property to a high standard. These are not the actions of a bastard.
😂😂 supposedly better because they are called the Greens? Y’all been duped for a decade or two and probably can’t see it because of the literal smog ya’ll live under breathing in filthy air; how y’all even think straight? Rantham and that other little toad Bandt, did ok for themselves after cutting a deal with the devil through the Rona’s. Politicians 🐍 of all colours and creeds get paid very well, will retire in style while y’all will be living in poverty on the pension, paying off their 4th 3 million dollar rental whist still licking their boots in hope for some morsels. Only going to get worse so buckle up and keep screaming or work hard and make your own way….for those that are willing and able of course.
New Zealand’s prime minister Chris Luxon is a landlord & property investor. His govt gave landlords 2.9 billion tax cuts. This was $800,000 over budget yet they have no money for the Dunedin hospital. This govt cut the Bright light tax period from 10 years to 2. Closest thing we have to a capitals gain tax. If an investment property is sold in that timeframe tax must be paid on the profit. Who benefits from this change? Our property investor PM.
WOW! The nerve of pretending to be a struggling renter... I wonder how pre-selection works in the Vic Greens, do wanna-be candidates need to disclose investment properties and other things that go against the party's platform? Just insane to let this happen... I'm hoping this was unknown to members at the time of pre-selection.
I figured out how to fix the renting/landlord problem. If you own a property to rent out, you can only charge for the interest on the loan you use to buy it, or maintenance or renovation costs. If you charge money to pay off the principle of the loan, or if the house is already paid off, or if you are paying interest only and collecting the profits, you are double dipping and exploiting the renter. In most cases the house goes up in value so you’re actually triple dipping, once because any money you put in stays as your wealth, you get money from the renter, and the value goes up so you get more when you sell. A car rental business or trailer hire is different because the assets devalue over time, unlike housing that increases. You should also be able to buy one investment property for yourself, and one for each child you have, so long as they don’t own property themselves.
@@EatSleepEmpire I have an excellent solution which I shall put at the end of this rant but for now, you will find that most rental income goes exactly on these expenses anyway, plus rates, insurance, renovations (A half decent bathroom reno is $15-20k these days), and ‘renovations’ are tax deductible over a few years, which is why slumlords won’t undertake them. Also to note is there is tax payable on any income which is the opposite outcome to negative gearing, hence why many landlords choose it. Close to nothing ends up in one’s pocket when collecting $25k per year of rent on a property with a mortgage. Even when one owns the residential property outright, the above mentioned ongoing costs chew up an enormous amount of rent which means your suggestion of only benefitting from the capital gain of the property value, is the main reason why landlords currently invest in the first place. Another issue with your suggestion is what happens if there is a decrease in property value and/or an increase in interest rates? If there is no incentive to have or maintain rental properties, where are renters going to live. I guarantee that rentals will get worse over time and more expensive. I find it quirky that all the manufactured fault and blame is dumped on the boomers and other hard workers trying to pave a way for themselves and their family whilst ZERO blame is apportioned to the banks which own us all!! I get it, there are crapy slumlords and always has and always will but the only power you have is to vote with your wallet. SOLUTION - Move away from the cities. It’s that simple. Plenty of cheap houses to buy or rent in beautiful towns with tonnes of work too. I did it 20 years ago and look back at smoggy Melbourne shaking my head.
I had a mouldy kitchen cupboard which I couldn’t use and even though I told my landlords they didn’t do anything about it. They must have thought I was just being fussy. Then when the plumber came in for another job he saw it and only then did they believe me. They replaced the whole kitchen with the cheapest one they could muster, with a sink half the size, which is already not holding together, and increased the rent by $20 every year, so really I paid for the kitchen and more. I’m on Centrelink and live in the cheapest unit available. Apart from the pain off moving, there’s literally nowhere cheaper out the same cost to go. So each week I buy my landlord the equivalent of 2 pints of pub beer while they continue to leech off me to grow their empire of property.
I used to rent a house in Brunswick that was owned by the local councillor, she wouldn't fix the gas oven we had to shove a fork down the ignitor mechanism to start and use the oven. Ridiculous. I am a landlord now and we attend to all our tenants requests in a timely manner. We are not all the same.
100% Politicians with investment properties shouldn’t vote on housing reforms. If your local politician is not a renter voting against renters rights is voting against better for all.
I know some state labor has a policy of not allowing straight up property developers in their party but it does seem like that's only providing one extra degree of seperation from the same corrupt outcomes. Negative gearing also paints the constant policy of "building more houses" at the state level so differently when it's clear that no matter how many houses you build in this system it only serves to inject money into an already inflated bubble for property developers.
I agree 100% with all your points, it's wild to me that landlords are even legal when it's been an open goal that it is to make money from other people
Hi there- Genuine questions : without landlords, where do people who don’t own or are buying a home live? Is your mandate that all rentals would be social/ public housing? Do you believe in private home ownership ? Thanks
its not an issue with private home ownership, its an issue with LANDHOARDING and "Portfolio Development" making housing about Profit. Without Landlords people would either have look into public housing or the option to buy themselves A SINGLE place of residence and thats it. If you ever wanted to get another property sell your first.
@@Stormdrigger ok, so should all rental properties be social / public housing? Because plenty of people need housing if they have to move to study, or they get a job contract somewhere and don’t know how long they will be there? Or does everyone have to live at home until they buy a house? I moved from the country (where my parents lived) to the city when I was 18 to study and then work- I rented a unit before my now husband and I bought a home, where should I have lived without the rental? Friends of ours were moved to NT for work, they didn’t want to sell their house in SA as they wanted to return at the end of the job. So they rented their house out, and they rented themselves in NT. Were these people landhoarders?
If private landlords were not available for renting, several alternative models could provide short-term and temporary housing options: 1. Government or Social Housing Programs: Which you already mentioned. 2. Housing Cooperatives: In this model, residents collectively own and manage housing properties. Temporary members could rent from the cooperative for short stays, contributing to the community during their time there. Co-ops could have flexible lease terms to accommodate short-term housing needs. 3. Nonprofit Organizations: Charities or nonprofit housing organizations could manage properties specifically for short-term renters. They might focus on helping people in transition, such as those between jobs or experiencing homelessness, offering flexible rental terms. 4. Community Land Trusts (CLTs): CLTs are nonprofit organizations that acquire and hold land for affordable housing purposes. These could offer short-term rental opportunities, with tenants paying rent or fees to cover upkeep and management. 5. Peer-to-Peer Home Sharing Networks: Similar to models like Airbnb but without private landlords, peer-to-peer networks could allow homeowners to rent out spare rooms or spaces in their homes for short-term stays. In this case, homeowners would not be professional landlords, but individuals offering temporary accommodation. 6. Extended Stay Hotels: Hotels designed for longer-term stays could provide a more formalized approach to temporary housing. This is already a model in many cities, and it could expand as a dominant option for people needing temporary accommodation. These alternatives would depend on policy support, institutional involvement, and community organization to ensure sufficient housing availability.
I don't blanket agree with every view represented on this channel, but it Really respect and appreciate the efforts you went to verify the claims prior to the video. And seemed to be balanced, acknowledging while they are probably a renter now, but how it is still scummy given they have been a landlord recently. Higher standards than most of the outrage bait/porn media of this decade. So what's the alternative my man? Is there any party/orgs you think people should be voting for?
You can apply the same concept you descibe at 4:30 to any and every employer in the country....? They make a profit at your expense and can do whatever they wish with that profit including purchasing property? Where is all the outrage for any, all & dodgy employers? The mould shown in a joke and it's embarrassing that the Property owner and or real estate would have tried to claim a cent in bond. Thats pure cancer.
That’s why it’s important to vote in your council election. Here are wonderful people in your area, doing excellent tgings for your community. Find out who is running, go to the community “meet your candidates” nights, go to you local lions club and ask who is the best candidate for the community. We are banding together in my little area and informing people of the candidate that has already proven themselves in he local community. It’s so easy, just fill out the form and freepost it back. Imho it’s more important than national elections.
She's put out a statement on the day you uploaded this, defending herself, but theres no mention of wanting to keep back a portion of the bond. She says they were offered backdated rent reduction. It's on the Greens website.
Every day, we deal with challenges that are now the norm. What we used to see as a crisis is now how things are, and we must adapt. With the economy struggling, how can we improve our earnings? I can’t let my $380,000 savings go after all my hard work
That is sad, you are really hurting. But what about people that don't have 1000 dollars or living pay check to pay check? And Kamala taking their tax dollars to feed illegals, Medicare and social security. And to mention, maybe you should give them several grand of that 380,000 to build them a home. Vote Trump and fix the problem!
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
experimented with several options over the years but I'm stuck with the renowned 'June Renae Matthysse' for about five years and her performance has consistently been impressive. Check her out
I knocked my house down and built two townhouses (Brand new as of May this year), one in which I live the other I rent, every request the renters have had I have obliged (adding flyscreen doors and general additions to the house that I didnt think of). Do I qualify as a landlord bastard? PS: I am not defending landlords in any way just wanting to know if I am.
Thoughts on this story? Landlord loses bid to delay deadline to reverse renovations (ABCNews online 21/10/2024). Google your State Real Estate platforms and see all the Rooming Houses listed and send to local members. They are obvious as it will say rent room 3 or utilizes paud/Room locks etc....write to local member or do tv and ask why taxpayers are funding these landlords via ATO when they are taking in 💰🍯
I don't know how Australian law works, but can't you sue the landlord for false advertising or failing to provide a reasonable service for the price paid? Or something like that? This is an egregious abuse of basic human needs, it's disgusting
Polls show Coalition winning which is usually code for "the landlords", so like 2016, 2019 here we go again. Even though ALP and minority parties have already said all negative geared properties and capital gains tax will be grandfathered to current property portfolios it's never enough. AFR podcast recently said we are paying $30bn a year. So if that doesn't grow as rates stay high, that's $300bn. I'd kill off PPOR as 6 Year Rule except for Defence Forces or Foreign Diplomats overseas. Everyone else would lose that function via ATO. Capital Gains Tax would apply. Australia for me now is called "Rortstralia" 🌏 until I can afford to leave.
I don’t disagree with the premise of the class war… But most of us have more agency than you think. I’m not voting for people because they are or aren’t landlords, I’m voting for them based on their public policy, not their identity or what they do or don’t own. Not all of us are as stupid as you make us out to be, we are renters, not stupid.
If you are getting your compass for what is normal set from Reddit then you need to broaden your horizons (touch grass) , Reddit has a tendency to circlejerk itself into extremism on any topic and take once good ideas and turn them into excuses for violent action.
F yeah you running for politics and as a Socialist. No war, but the class war. Love you went to Smith as much as Marx or Engels... Can we export your politics from Vic to QLD, that'd be great.
Renting is nothing new, its been around for 1000s of years, its not the cause of the housing crisis. In fact you really want MORE investors, who builds and redevelops, ect? The housing crisis in Australia is caused because we are a tiny population, who let foreign investors buy/hoard property. It is so easy to pump up our housing market when you basically open the market of 26million pop, up to literally Billions of investors around the world. Ease immigration a little as well, and the housing market would come back down to reasonable levels imo.
How do you think they became landlords ? it was just given to them ? they spent there time working and earning, then braught. maybe less purple pingers mate.
mate, plenty of hard working people own properties, you cant blame everyone that isn't from your generation for not getting screwed by the powers that be, oh its the landlords they are all bastards. not even 10 years ago everybody still had a chance to buy property here... You should look deeper into the housing crisis, the fact that we barely build any houses and the cost to build them is through the roof, how about outside entities purchasing up homes and raising the prices ? lets think about immigration numbers and new builds projected ? that might be racism though. your in the wrong fight. this lady sounds like a clown but so does the way this channel approaches this matter.
Calling ALL landlords bastards is just unproductive. Quite literally the only thing you're going to achieve is setting the benchmark even lower for what's expected from landlords. You start at a position where any real solutions are already discredited, and where your perspective can be outright dismissed since you can't even acknowledge that there are plenty of good people leasing houses. Call me a bootlicker all you want, but honestly I see nothing more egotistical and divisive than crying about a problem in a way that makes it worse and offering no real solution. It's why everyone hates socialists/communists, all eyes are on the idealised future but there's never a real vision or consideration of better ways of addressing problems beyond the fantasy perfect world.
@@RD-ni7qeIt's not a job per se but it's hard to become a landlord without having a job. The break even point (when total rent exceeds all deposit, stamp duty, principal repayments, interest, land tax, council rates, water rates, insurance, agents fees, and repair costs) for a fully tenanted property is about 30 years, so as well as rent, landlords need plenty of their own money.
