Hello, I’m From The Government, And I’m Here To Help You! (Honest!!?)

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It’s raining “announcables” at the moment, with interesting developments this past week on the housing and finance front as city, state and federal Governments continue to poke at the broken system. Schemes include, government buying off the plan to give construction firms a leg up, cheap housing for essential workers, changes to lending rules, higher council rates for investors, and further crackdowns on airB&B.
While these may sound attractive from a media positioning perspective, they will hardly move the dial on the broken housing system in Australia. It’s a case of fiddling while Rome burns.
In fact, for more on the broken system, join me on my live show next Tuesday evening at 8pm Sydney, when I will be joined by Leith Van Onselen, Chief Economist at Nucleus Wealth as we discuss “The Great Housing Poker Game”.
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Опубликовано:

15 июн 2024

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Комментарии : 86

@gurmender4938 23 дня назад

4:00 "pulling every lever" except stopping money laundering into Australian property, stopping migration, banning negative gearing and CGT concessions, stopping mass mortgage lending fraud by Australian banks and getting a banking regulator that actually does something.

@WalkTheWorldDFA 23 дня назад

Exactly.

@mylimomelbourne4757 23 дня назад

Political bait , baiting people to cut negative gearing , and climate , extra , while banks continue to extend life of the mortgage ALP hand in hand with a.b.c will sensor you , support skyrocketing , migration .

@mylimomelbourne4757 23 дня назад

Political bait , many things I can’t say comments won’t allow me , I can’t even like this comment it won’t allow me , this is how they censor us .

@myfakeaccount4523 23 дня назад

And people will just let it all crumble. Spend your savings, go into debt, lose wealth via inflation, form dependency on govt tit, accept CBDC lose ownership over everything.

@mylimomelbourne4757 23 дня назад

Conservative at the least , the written word is a lie , like your comment

@myfakeaccount4523 23 дня назад

Aussies won't realise theyve lost everything until after its all taken out of their hands. People are so slow in the head.

@dianay6691 22 дня назад

We have a saying with people like that. "Baichi" in Mandarin means eat white, in other words eating for nothing.

@bign1667 23 дня назад

Dont‼️ buy or build in western sydney there is alot of homes sinking. 🏡 happy to provide more info in this

@joek292 22 дня назад

Go on!

@Keep_calm_and_slave_on 23 дня назад

Real clowns in a circus are worth more money than the ones in parliament. The show must go on

@mylimomelbourne4757 23 дня назад

ALP not just a disgrace they are not what they claim to be with the a.b.c they sensor you , support skyrocketing , migration , house and rental prices - electricity, extended life of Mortgage. they will silence us which is discriminating against all Australian they support workplace delicates and labour , a.b.c : b.b.c and USA a.b.c , main-stream this is our problem not something we should be thankful for . Freedom of speech exists alongside freedom from discrimination .

@joek292 22 дня назад

Let’s be clear, the Liberals support high migration as well being the initiators of increased migration under Howard. They also support high house and rental prices, where were they over the last decade? Be clear that the Libs are not the alternative!

@jcisme 23 дня назад

It is funny how Tulip starts making sense when he leaves the RBA

@Zilron38 23 дня назад

If politicians want to make homes affordable, shouldn't they be collecting data to find out what people can actually afford across different incomes and aim house prices according to what people can afford? Otherwise, when they say affordable, it won't mean anything.

@zzhughesd 22 дня назад

Raining annouceables. Moreover just plain raining here in Cheshire UK. All summer long. Cold and wet windy.

@sshizas6986 23 дня назад

Hi Martin, at 1:04 you mentioned that Leith is Chief Economist at "Nucleus Wealth". Is not Leith the Chief Economist of "MacroBusiness"?

@jetplane10 23 дня назад

Good show Martin Air B'B's really are a bit much for quiet residential areas, commercisl areas are more appropriate

@chrism9767 23 дня назад

Yes let’s start telling people exactly what they can and can’t do with their own property and while we’re at it let’s find a way to make peoples property worth less than half of what they are right now so everyone is left in a negative equity situation and the wages for everyone that has a stake in the building industry gets cut in half as well . We could leave the Australian economy the envy of the world if we do that

@johnnykay8261 23 дня назад

The fact of the matter is, you don't own property ,you only own the use of it. And only if you keep paying the rates.And the government , ( remember the ones you voted for, even knowing they are corrupt ) can change the rules of ownership at their wim that's why they made the paper title worthless and have no value . Is the property ownership in your name ?. I bet not.

@chrism9767 23 дня назад

@@johnnykay8261 ⁠that’s a little bit like life isn’t it buddy , we’re not here for very long in the scheme of things do we really own anything at all or are we just owning use of everything we have ??

@johnnykay8261 22 дня назад

@@chrism9767 yes life is like that. But what we do have is choice. And that's one thing that we do own and can't be taken away.

@jetplane10 22 дня назад

@@johnnykay8261 Is the property ownership in your name? That is a good question (not for me personally, as I don't own an Air B'nB) but more generally, you point yo perspective being different according to whether home ownership is a part of the perspective of a person commenting If home-owners are alongside B'nB's, property amenity and values are impacted is my

@WhtwaBBiT 23 дня назад

We'll need more "skilled migrants" to manage all these new permits and rules, maybe they can stay in the (essential services) "Houses for Henchmen" program?

@richarddobosz6174 23 дня назад

Very great headlines

@stuartthompson7102 23 дня назад

Thats funny. We are here to help you. Honest? They stuff averything they touch. Then Lie to cover it up. Drain the swamp.

@elizabethclark8552 23 дня назад

When the average Australian on an average wage cant afford a home, the system is broken. Change the legislation for investors

@WantYaLovin 23 дня назад

Promises, Promises!!!! Targeting investors is cruel. Working towards “You will own nothing and you will be happy” Short term accommodation is NOT to blame for housing shortages. Land values in SE queensland skyrocketed and in some instances doubled in a year. I find that incomprehensible.

@paultyler7535 23 дня назад

I remember you supporting some plan for a post office bank run by the government to fix the regional banking issue…. Terrible idea to give this much power and responsibility to the government

@grouchoglobe 23 дня назад

No one would force you to use it

@paultyler7535 23 дня назад

@@grouchoglobe Agreed. But lots of people would and as everyone else would have to pay for the inefficiency and corruption that comes with government running it

@grouchoglobe 23 дня назад

@@paultyler7535 that ultimately depends on how it is structured. The government has been subsiding the banks through the reserve bank ie providing money at 0.25% to the banks and giving them current rate interest on that money. With a post office bank, banks could close all the branches they wanted to and people who require face to face banking would have an ulternative

@paultyler7535 23 дня назад

@@grouchoglobe it would still be administrated by the government, eg it will be inefficient and corrupt

@corinnewatts6683 23 дня назад

Right, because the banking sector is known for being incorruptible..... *cough* banking royal commission.

@sigmundfred251 22 дня назад

Where is John Adams ?

@rodrocket8216 23 дня назад

Getting our gumbyment off the stock exchange, and holding "our" polypticians accountable's the go.

@georgemav7 23 дня назад

RUN!

@Zilron38 23 дня назад

Even if I had 200k for a deposit, I would not take out an 800k home. That would be insane to have an 800k loan. I would take out a loan of 250k max, otherwise i wouldnt be able to make repayments above that. You need an income of 180k or more to afford an 800k loan. Guess how much of the working population make that. It is certainly less than 3% of workers.

@joek292 22 дня назад

You wouldn’t get much for a total of $450k, not anywhere near civilisation anyway

@Zilron38 22 дня назад

@@joek292 I could get about 2-3 houses in Japan for that amount.

@grizzz6884 23 дня назад

arn't rate's tax deductable for property investers , so don't pay rates at all

@MrMarcol29 23 дня назад

The scariest words you will ever hear

@jetplane10 23 дня назад

😄

@haroldgrey134 23 дня назад

Martin didn't you support Robbie Barwick's outlandish ideas for a government industry bank? Now that would be too much gov power! We'd end up with rorting & preferential loans for political mates!

@manflynil9751 23 дня назад

Outlandish? Government run bank on post office infrastructure has been running well for decades in New Zealand. Have you been living under a rock?

@vladthe3rd414 23 дня назад

What’s the difference to what we have now? What you think the banks don’t pay off the politicians with massive donation/benefits and direct/manipulate policies to benefit them? Banks already have guaranteed bailouts from the taxpayers and they have been shown to invest and give loans based on ideology and agenda. I can’t see what difference.

@grouchoglobe 23 дня назад

Is that what the commonwealth and state banks did in the past

@scorer3418 23 дня назад

We could erase the mistakes of the last 40 years with a public bank. Could finance infrastructure, public housing, ease cost of living.

@gore1089 23 дня назад

@@vladthe3rd414 That's why Chambers didn't want government interfering with the banking industry and vice versa. Too much of a temptation for gov and banks to collude.

@Valkanyz 23 дня назад

Ah yes, AI, our bulwark against total incompetence and bipartisan malevolence

@corinnewatts6683 23 дня назад

Martin, you must be over the target. Troll army giving flak in the comments.

@zwarst 23 дня назад

The problem with socialism is that you eventually run out of other peoples' money. Margaret Thatcher.

@gore1089 23 дня назад

Yes, Thatcher preferred to use other people's money, not to give back to the people, in the form of social programs and welfare, but use other peoples money to help a selected few subsidize, monopolize and privatize the assets for those who were already rich and powerful. .

@gore1089 23 дня назад

@vilijanac 23 дня назад

Hello I am Brigadier Political, have own public able to access site. Not is interested in adverts, and spammers scammers. Operate independently to Canberra.

@ApexAL 23 дня назад

So.... propaganda?

@vilijanac 23 дня назад

@@ApexAL No, is google and yt independant. Not need.

@chrism9767 23 дня назад

Martin do you think your eternal bear niche over the past 10 year has benefited anyone else but yourself . What about those poor buggers that listened to your 60 minutes interview predicting an up to 80% market crash back many years ago . I’m thinking they might be doubting you were trying to help them given they probably lost a bundle of years trying to catch up if they actually did listen. I think if you stick to your new venture of posting diet and lifestyle choices everyone might be in better financial shape and possibly a bit healthier so stick to that might be a better road for you to travel and a way less damaging one

@WalkTheWorldDFA 23 дня назад

I am not a property bear, but a realist - and judging by my inbox, my research since 2001 has helped many many people make better property decisions, The Government has damaged peoples finances much more than I could ever do...

@scorer3418 23 дня назад

Some might be doing ok. Most would now be drowning in debt. Probably didn't even properly qualify for the loan in the first place.

@chrism9767 23 дня назад

@@WalkTheWorldDFA I see , so when you when you went on 60 minutes forecasting an up to 80% crash in the two thousand and teens you were actually buoyant on the housing market and again when interest rates fell below 2% when you actually said “ get out while you can “ ( and I just replayed an old podcast to check you actually said that ) it wasn’t bearish ? No one is arguing your view on whether governments or central bank policies are making it difficult for some people but with the policies they had and have had in place for many years you might have been a bit more accurate like Christopher Joye when interest rates were at 2% he was calling from the clouds to get in the market and at the same time your scenarios were saying stay out . Come on , at least you can admit you got it all wrong but you just sail along as if it never happened and now you reckon you haven’t been bearish on property ha ha ha you’re in denial

@chrism9767 23 дня назад

@@scorer3418well if they bought when Martin was predicting an 80% crash back in 2017 then ALL of them would be doing ok and again in 2021 when Martin was predicting a sizeable decline in property prices well yes they may be struggling with the rise in interest rates but they can always sell and sit on the 30-50% increase in equity that they have since their purchase 😊