Honest Government Ad | the Rental & Housing Crisis
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- เผยแพร่เมื่อ 29 พ.ย. 2022
- The Australien Government has made an ad about the national rental crisis, and it’s surprisingly honest and informative.
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👉 PODCAST: www.thejuicemedia.com/podcast
👉 PG VERSION: • (PG VERSION) Honest Go...
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👉 CREDITS
🔹 Produced by Patrons of The Juice Media
🔹 Written by Giordano and Jayce Carrano for The Juice Media
🔹 Acted by Ellen Burbidge: / ellenburbidge
🔹 Voice by Lucy
🔹 Thanks to Dbot and Chris G for research assistance
🔹 Thanks to Matt Grudnoff @ the Australia Institute for research assistance: / theausinstitute
🔹 Thanks to Jayce Carrano for guest writing: / jaycecarrano
🔹 Thanks to Chris G for creating the MPs property graph
🔹 Outro music: Mozart x Eric Parsons: • Mozart Sample Beat
👉 SOURCES AND LINKS:
🔹 Labor's Housing Accord: budget.gov.au/2022-23-october...
🔹 AIHW, Trends in Home Ownership: www.aihw.gov.au/reports/austr...
🔹 List of MP's declared properties: docs.google.com/spreadsheets/...
🔹 Matt Grudnoff, "Australia’s housing crisis is self-inflicted. We need four reforms to reverse it" www.theguardian.com/commentis...
🔹 A brief history of negative gearing: www.smh.com.au/business/the-e... - ตลก
Here's our latest Honest Government Ad. It's about Australia but might as well be for the US, UK and the many other places where houses have been turned into investments and tax rorts for the wealthy. Affordable housing is a human right. 🏡💛 #Aspiration
Yes. Make affordable housing a legally protected right.
The Juice Media: shining a bright light on issues the government hopes the rest of us don't notice. You guys should be a political party.
@@mannamozart I second that notion
Giordano unfortunately we now have it ingrained into us after, as you say, several decades that property is a commodity and an investment. No one even thinks of it as a right anymore. Wholesale brainwashing.
It has become a right only for those who can afford it.
Absolutely true here in the US as well, with as much as 1/3 of all homes in some areas snapped up by investors, or investment trusts. More and more people are going homeless, so here in Texas the regime decided to "fix" the problem by making public camping illegal statewide. If you can't actually see homeless people, the problem just magically disappears!
I love these videos exposing these corrupt politicians.
yeah
It's the whole system though. Labor is terrified to do anything progressive for fear of being harassed and criticised by the Murdoch media. However the results of the last two elections (Federal and Victorian) have proven they actually have nothing to worry about, that all excuses are empty, and they need to grow some balls and look after people, the way any reasonable taxpayer would expect them to.
You can thank the World Economic Forum for many of the politicians responsible for this
@@thekunninglinguist2397 don't forget to thank all the ignorant idiots who keep voting for the same assholes, maybe one day voting for the same stupid sht will be different 😄
well not really, its all of your old parents that would not vote to get rid of negative gearing, so its you and your old family that are the real asholes.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with Vivian Carol Gioia, a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@@hasede-lg9hj I'd be glad to get the help of one, but just how can one spot a reputable one? How did you spot this Vivian ?
Annette Marie Holt maintains an online presence that can be easily found through a simple search of her name on the internet.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
The fun part is that this isn't an issue particular to Australia! It's happening everywhere 😁 What a lovely dystopian hellscape we are creating for ourselves.
worse .... ask yourself who voted in the politicians in the first place .... yup we did ... so we got exactly what we sowed ... ignorant little shits who are greedy and corrupt ....
Yeah, a land value tax would help but oh well...
@@shzarmai how would giving more money to the government help?
the main problem is that the world population is skyrocketing, we should discourage making babies
@@saccamadiqeu2600 not exactly true ... the problem is greed ... this planet can grow and sustain 12 billion people if it wasnt for the greedy people ... and if we are smart and get off this planet as well we can then grow even more food in space because if we stay on this little rock we will die off ... not might not could .. it is certain ... in 4.5 billion years 97$ of all life n this planet has gone extinct ... and we won that lottery last time ... a repeat is not very likely at all
My great uncle is 76. He was getting kicked out and told by every agency he could call that he would be homeless. Gladly, the buyers wanted to rent the place out any way so just kept him. He dealt with 10 months of thinking he was going to be homeless after living in the same house for 37 years. This is in Canada.
So if your great uncle was about to get kicked out, you weren't willing to take him in?
@@noseboop4354 that was the plan to take him in. But the services didn't know that.
Yeah kinda sucks that he didn't buy any home when it was affordable.
@makishae9811 no one said my family was bright. Ha.
@@letsdostuff8967 I mean thats fair, I just mean that sucks the way things worked out
Whoever came up with the idea of treating housing as an investment not a human right needs to thrown out with the garbage.
The problem with that is that a lot of investment property owners do it to fund their retirement, not to screw over anyone else. So the options for the elderly are either have an investment, work themselves into a grave, or rely on the woeful shitfuckery that is the pension.
Part of the problem is that construction was already an investment
@@justindunkley7165What happened to investments actually creating value though? I think it’s ridiculous that someone should expect to earn back money on a static investment, and the fact that it actually works is pretty outrageous. If it didn’t, maybe these people would be forced into investing in things that actually contributed to improving society, rather than creating a bubble that forces millions of people to pointlessly suffer.
@@ZeroRelevance why would you bother when property prices increase 3-7% year on year and your also getting paid rent at around 3-4% total value its the literal best investment bar none.
No one has enough morals to not pick up an investment property and not get ahead financially.
@@justindunkley7165 the thing is though that Australians have been using rental properties for decades to help fund their retirements. Difference is though that a few decades ago you'd buy an investment property in your late 30's-early 40's (the great days where you could pay a mortgage off over 15 years) then rent it out for 15-20 years and once you retired you either kept the house and lived of the passive income or you sold the property for around 20% more than what you paid for it.
My parents used to teach me that no one should have seconds until everyone had their firsts. I guess people forgot about that when it came to housing.
Ur parents taught u well, perfect quote really
Capitalism and greed laugh at your parents wisdom.
Its the nasty old people's fault, do NOT let them off the hook. Created all this
That's such a simplistic way of putting it, yet also profound enough that the world would probably go straight utopia if everyone was suddenly applying it overnight.
Those are called values. These Godless creatures have no values, it's kind of a nuisance when you're nothing but a greedy pig.
When houses became investment opportunities not homes, it was gonna end up like this !!
@@bjoe631 I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@bjoe631 You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe..?
@Queen OF Love This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him.?
@@Florencecoxx It's 100% safe and legal, He’s an expert trader on stocks and bitcoin. I basically do nothing but collect profits, he was able to get me in early on most of these stocks and I exited just at the right time, his analysis was really on point..
@@bjoe631 I'm glad I stumbled on this today, how do I get in touch with him?
Real Estate agents need to be investigated too. I have a relative that has two investment propeties. Her real estate has been badgering her to put the rent up on each property between $50 and $100 PW. She told them that she doesn't need it, doesn't have a mortage, and his happy to have good tennants. That didn't stop the real estate insisting and insisting until she shamefully relented and said yes. I wonder how many people know that that's going on?
My sister-in-law just fired her property manager for doing the same. Now she's managing the property herself.
shamefully put it up. fking bullshit. if she didn't want it going up it wouldn't go up. great case of being a greedy c#nt and playing victim.. they forced me, FFS, your relatives are POS!!!!
The worst part about that pressure, it sets a precedent in the area. REA can now point to the inflated rental prices of houses like your relative's, to justify hiking the rent on similar properties.
@@BETAmosquito I agree, and I was very disappointed that my relative relented. They did the wrong thing in my opinion.
Absolutely brilliant as usual. A national disgrace. The commodification of shelter is the result of a litany of policy failure, and just plain bad policy.
It has been a smashing success for the capitalist class tho, who all the Australian parties represent more than anyone else. Can’t really call it a failure when they’ve made so much $$$
it's literally terrible investing (unsustainable growth in a core part of the market introduces instability and unnecessary volatility), wealthy types like to think they're smart, but really they're just on the right side of legally extorting value from everyone else, what a bunch of scum
Build your own shelter.. sit around complaining about the government's fuckery.. say fuck you, I'll bud my.own right to shelter
Policy Failure, also known as Capitalism.
And sometimes no policy at all.
When will Australia learn from the US’s mistakes instead copying them 🤦♂️🤦♂️🤦♂️
We probably won't, it's too profitable.
We didn't learn from them in the US. Why should they?
When we elect a more socialist government
Um you ever hear of gun control?
We did.
Demonstrate how it works, and start the community movement!
Good policies (which we know work) are often discussed in academic circles, but we need better communication
We have the exact same situation in Poland. And now it's becoming even worse, because due to insane interest rates barely anyone can afford a mortgage anymore, so buying new properties is now pretty much exclusive to investors, while regular people are struggling with insane rental prices. Developers are even blatantly advertising new properties for investors with promises of constantly rising rent prices, as if it were a f*** stock market.
IT IS!!! I was warning everyone about this trap for years, got told I was a dumb conspiracy theorist. I get the last laugh now............... all the muppets that went and got a second home and used their parents homes as collateral, or bought a home for more then what it's worth.. people can raise rent all they want but if no one can afford rent they have to sell or lose their and their parents home. It will create a wave of houses coming onto the market and will drive down prices. a lot of people will owe more then the house value which will mean parents have to sell their home to cover remaining debt. I've been saving waiting for this. can't wait to buy my dream property in a years time for 1/4 of the current value.
Exactly, i was about to write that it's same in Poland, but noticed this comment, yea, sad reality.
Pozdrowienia :)
it unfortunately is a stock market. housing is a commodity. unless you pay into the system and play the game, and keep the house stacked, you are another unproductive leech.
not my personal opinion. just what I have observed. it is harsh. but no one ever said life is fair.
I’ve had to live out of my car for two years recently. I’ve also got a wife and two kids. I work a full time job, have three university degrees, and I’m an indigenous fella. We were forced out of our rental due to consistently raised rental costs, living costs going up, food going up, fuel going up, and my salary kept going down. I also tried to start my own business and that failed too. Every time I try to get a loan for finance to buy a place I get knocked back. However I’m not giving up.
☹️😔
better idea... leave Australia, everything is becoming more expensive and just becoming a big shithole here.
How tf u have 3 uni degrees (Bachelor or Masters?) And ur salary keeps going down with the current inflation rate and tight job market? That makes absolutely no sense..
@@QLMTA coz the company I work for is greedy and they keep shuffling me around to different positions with lower rates of pay.
@@SailingForFreedom Why do you let urself get exploited like that when you have 3 uni degrees?
As a person recently made homeless thanks to everything mentioned here, I'd like to say thanks to JM for making this one. Gold.
Sorry to hear that mate. Don't let the bastards win. You have your health and your mind. Don't let them take that from you too.
❤️
You should email these guys with your case and ask them for money. I mean if they're complaining about the problem they shouldn't have any issues directly helping people who are homeless, right?
@@user-og6hl6lv7p people like me donate to the juice media so they can do this great work. It's called Patreon, you can donate there too. You appear to be very interested in the presenting issue. If you watch to the end, you will hear that people from the juice media itself are looking for a suitable, affordable rental, close to their friends, work and family. Preferably with a solar system installed on the roof, instant hot water, a beautiful kitchen and bathroom, natural light, garden, deck, room to jam and do yoga, entertain etc etc.
What would you expect to pay per week for that in inner north Melbourne C?
Should of been smarter in life 🤣😅😂
This was made about Australia, but it's depressing how much of it applies all over the globe.
I would of said exactly the same thing.
Very true, which suggests this is not necessarily a government policy problem (although it likely is in part, ie the tax benefits) but a monetary policy problem, or moreover a glitch in the monetary system. Economies age and stall -> inflation targeting means interest rates drop -> cheap credit borrowed and directed at assets -> stalling economies ....etc etc.
Not really ; I left Australian 8 years ago because of greed and the government incompetence. I rent fully serviced apartment and I pay $300 per month in Saudi Arabia. Apartments are available from the first call. No need to make a second call, no need for application form or interview
No it's not. I've lived overseas for nearly a decade. Aussies are totally being scammed by their governments and ruling elites. They have no idea how it's supposed to be cause debt slavery is the only thing theyve known for decades.
@@samidaw3089 ye sorry dude, a Saudi Arabian construction worker makes 25,000 AUD on average.
That’s very piss poor when you’re comparing to Australia where they earn +100,000 AUD
I bought cheap land on Tasmania West coast. I'm building a shed house to live in. It's far from ideal. But it's better than living on the street.
People can park a camper or caravan at the golf course for $ 10 per night. Toilet and shower included.
High paying underground mining jobs available.
Well, the good thing is that you can still talk about your government in this way. In my country, if we do the same stuff like this, the police will just come and put us into jail.
good stay there and stop breeding.
What county?
@@anithoal1421 Vietnam bro
@@quangtunginh7946 oh..
I'm not even Australian and I was cracking up the entire time. Excellent work guys! Seems like politicians have perfected the art of screwing their people over regardless of what country they are from.
🍷😆😆👍
This could be true worldwide.
Sad to say, it is clever but it underlines a serious problem in our country. The greed is far and wide and everyone else is paying for it dearly.
The real art is convincing a large part of the population the party in question looks out for their interests.
Housing, education, Healthcare, and labor are the ways forward for the west. Differing in quantities per country of course.
The west should really adopt goeorgist philosophy.
The rental crisis is a worldwide problem, which needed to be addressed by governments properly.
Oh, they all addressed it. They made it ten times worse.
Imagine making housing a right.
We could start at the base of Maslow's Hierarchy of Needs and work our way up, but that would make too much damn sense.
Austrian/Viennese here: Newly built 2 BR rental appartments for 325 AUD/week. I think we got this
@@Paraselene_Tao It would ruin the great system of wage slavery they have put in place to guarantee they always get richer and more powerful.
Wont Change, they dont have fear. Something to change
Totally relatable. From NZ where housing has been turned into an international asset class and rents have followed suit.
First time I lived in Melbourne, it took me a week to find a rental property. I got shared accommodation on chapel St, for $60- per week. I handed out 30 resumes and got 10 job offers back. It seemed like Melbourne was a MUCH easier city to live in than Brisbane/ Sydney/ Perth!!
Of course, that was 20 years ago.
huh? what? I rented a 4 bed house in western sydney early 2000 for $300. now the same size house is 550+ melbourne as all major cities is an over priced shit hole.full of woke hipster wankers. fk victoria.
It cost my parents $200k in the 80s to build their house. It sold for $800k in 2016. We moved into a smaller house in town for $640k. Both houses are now worth over $1.2 million. Lots of rich boomers in the area who bought their land decades ago for pennies just chop a block off and sell it for millions. It'd take me 20 years of full-time employment to afford a home. I'm fortunate enough to have loving parents who didn't kick me out shortly after graduation. Happened to my highschool mate and he had to rent a sharehouse with 5 others.
So when they bought the house, the median wage in Australia was (about) $250 a week. A $200,000 loan then must have seemed just as impossible to them then as a loan today would be for you…just say’n.
Uni was free to some for a short period of time, however was very difficult to access (Uni’s had caps, in those days). Today you have HECS which isn’t required to be repaid until your earning reasonable money (many never even reach the threshold to have repay, so that’s essentially “free”). Tell me again how your worse off living in a society magnitudes of order richer and generous than when your parents took on that housing loan?
Response comes across as harsh, that’s not my intent…I’m a “Boomer”, technically anyway although my life looks more like Gen X. Anyway, there is a lot of mythology about how great boomers had it. Education after Whitlam was free but exceptionally difficult to get, it was still only a viable option for the rich. Many of the young bleat that education has a debt attached, I would bleat back “at least you got the opportunity and it’s not repayable until your on a decent wage”. Most of my generation left school in Form 3 (year 9) and dug trenches. I never even knew a University educated person in my circles. Don’t believe all the mythical stories of privilege surrounding boomers, mostly they were just like you, struggling to find a way in world where the odds were stacked against them.
@@nobody6056 uh... bought a house in sydney for 60k in 81 and sold it for 970k in 2016. Your point is lost on me, sorry. Struggle? Nope. Housing was easy, EASY. Now it's a struggle to even get a bid in, let alone an actual house. Oh and my old house (a duplex) was bought by a Chinese investment firm. Yep. Sixty grand. 5 acres in 85 with 5 bedroom, 3 bathroom for 370k custom plan. Sold 2 years ago for 3.2 mil.
It's a bubble mate, don't pretend it isn't.
For context they grew up in rural Australia, neither went to uni. They worked on a farm whose owner sold them a small block. They were broke most of their lives until inheriting some money to build a house themselves. Never said I was worse off, just complaining that regardless of what I do I can't afford my own home since prices have doubled almost everywhere since moving into town. The government hasn't built any new houses in town for over 6 years, only cleared some land.
Banning AirBnB and taxing the buggery out of non-resident and un-occupied dwellings would also help.
it would go a long way
Find Prof Steve Keen, he has had answers to this for decades, a debt Jubilee. The maths wont work out on any other policy
Banning AirBnb? lol and you bring up more tax? you clearly are on the doll Australia is a dog with Tax % already.
@@zUJ7EjVD Erasing the influence of money in politics (ALL politics, not just Australian politics) is no more possible than breathing lava and having lungs to tell the tale.
they'll just add extra tax bill to the rent. are you new to this?
Even though I'm not Australian or have even been to Australia. You guys are legends .keep it up
Absolutely spot on and in a language the government understands. Kudos.
This is a very similar issue in Ireland with alot of our politicians owning multiple properties and are also landlords talk about a conflict of interest
This is a problem everywhere in the world. You just said it. Most politicians are also heavily invested in the property market. Not to mention that most property owners are old folks, and old folks are more likely to vote to keep their priviledges. Wealthier people have a bigger sway on politics and wealthier people tend to be invested in the property market as well. Nothing is more importatant to such people than their own profits. It's practically free money they get from the work of others. They'd be crazy or god forbid care for others to give up on that.
But there is a bigger factor which won't allow many countries to change things. It's the fact that it is instrinsic to our nations monetary value. The more expensive the properties in your nation, the "wealthier" the nation appears to be. The more money is transfered. For most people, housing is the biggest expenditure in their whole lifes. People work just to pay their rent or pay off their mortgages. A mortgage is literally the biggest loan most people will ever take in their entire life. And here in lies the crux of our monetary system. It depends on people taking loans. That's how new money is created. And to pay off that loan people have to work, be it the one taking the loan to live in a home or the tenant they exploit to pay it off.
The problem is that most people do not want equality, most people want to be at least one step ahead of others. Which is also why we have inflation. People increase prices in hopes that they make it above the average. Inflatin is actually desired by economists, they are more afraid of deflation. Inflation is what makes the rich richer, the poor poorer. If everybody would increase what they make by how much inflation is, then there wouldn't be any point for inflation, as that would be a zero-sum situation. It would be like nothing changed, only that the numbers got bigger. Thing is that when somebody increases the prices of something very basic, everybody else increases their prices hoping to come out on top.
There can only be winners if there are losers.
It's just greed.
All the sudden "F you" lines that appear out of nowhere is honestly a comedic gem.
Home many f'n channels are you on?
Well she looks so repectable and then ' fuck you ' comes out of this beautiful mouth. More erotic than comic buddy.
They really aren't. They are low effort, low grade humour. Calling it a comedic gem doesn't give you much merit mate.
And official policy
Actually if you think about it it's more of a double fuck you
Easy solution: primary residence has minimal taxes, non-primary residence is taxed at quadruple the rate.
The video mentioned something about the landlords passing the buck.
Quadruple the tax on auxiliary properties and the landlords will just quadruple the rent.
Then all investment properties would be sold off and no rental properties would exist.
there is a scheme that they would need to dump the properties. there are more than one kind of tax and when property taxes are low for 1 home that is a primary residence of the people living in it.. a bunch of homes would come onto the market. the next problem is the city councils who all own real estate, next deferred capital gains, the tax code makes these problems happen as well.
Simply put.. our governments are in detail, intentionally bringing these difficulties on. true they benefit, true this has always happened before, and I doubt there will be anything that stops this trend until they find a better way to kill off 95% of the population.
I love the 'not the real logo'. Camera's for a head. Spot on! Always watching... finding more ways to dig into our pockets.
That "Aspiration." part is hilarious. God, her face 😂😂😂
yeah 2:06 truly hilarious
“The problem with Australians is not that so many of them are descended from convicts, but that so many of them are descended from prison officers.”-Clive James.
Yes! One of my favourite quotes from the late great Clive and devastatingly accurate.
@@deecarter147 WHY di all this happen?
"Some More News" explains!
That's a perfect statement. Could you recommend a book ?
@@MrStylezy Try the books of 'Professor Dave Explains'.
Lol at the chatbots
THE best thing on YT. Ellen is beautiful and the script is brilliant. Keep up the great work team!
Congratulations! You are playing the game as well in Australia as we are in Canada!
Not only are most of the members of both major parties heavily invested in real estate but developers are among the largest investors of both parties "donating" almost as heavily as fossil fuel industries. In Townsville the council has raised rates so high they are on par with cities like Melbourne resulting in pensioners are being priced out of homes they already own, same council changed the laws so that they can take those homes when the rates debt gets to high. Not only do members of that council including the mayor have multiple investment properties that are rented out at outrages prices (especially for their location) but they also receive donations from agents/developers buying up these homes but that is totally not a conflict of interest nor in anyway related because no way would a local government abuse their position to literally steal old people's homes for their own personal profit...
Most councillors are just apprentice politicians now.Just waiting for their chance to move onto the ratepayer/taxpayer funded gravy train.
The thing is there's a cult behind all of it. The effing cult treats outsiders as sheep and have no boundaries AT ALL when it comes to exploiting those outside of the cult. If we are to fight these cretins we need to expose the cult for what it is.
As a American this is beyond relatable.
Especially in cities like NYC
Or any city in California
@@ScramJett i hear this alot too
It's not looking pretty in UK either XD
Human rights aren’t valued in Nazi Canada........ they traffic children here......
Brilliant stuff. Sending greetings of solidarity from newzealand aotearoa
It’s the same everywhere. I lived in Sydney in 1997/98 I paid just over $200 a fortnight for my rent in a shared house in the inner west.
In the UK a law that would have meant all rented homes were fit for human habitation was blocked by MPs who owe rental properties.
I've never felt the anger come through so hard. The situation is so shitty I was actually mad at her, she did such a excellent job showing that smarmy smiling self interest and callousness towards suffering. Really well done, but shit, what to do?
Once you realize the human farming model is run by a cult, you'll start to see there's a different set of rules for those outside of it. You'll also start to notice the cult symbolism EVERYWHERE and while the cultists themselves will say they aren't a cult, it's fairly obvious they are when they have words for those who aren't in it.
@@zysis Is it run by a lamb?
Organize/get together with your fellow tenants. Form tenant unions and bargain for your rights. Put pressure on the government as a group. There are plenty of videos on YT about forming tenants unions
Eat the rich to save enough on groceries to afford the high rents.
64.media.tumblr.com/680adbf518ab9e77a3b3b5d957b961b2/77f929c2fb7dc767-bc/s1280x1920/b1506dbf6c5cf026282ba41cc48f974b3b0bd009.jpg
@@alex0_graham Absolutly ! and while we're at it, form other unions in key sectors of the economy like : Union for gaz and oil industry, public sector ( teaching, hospitals, healthcare ...etc ) energy, and organize strikes, idealy, a general strike for the whole country to make your situation and that of the rest of the poppulation less shitty and a bit more merry ;D
That's the old " how to stop government and official from peeing all over you and flipping you the bird whist your house is burning and you can't do shit about it cuz you're too busy working yourself to death for a fraction of the the work you are actualy doing
It's so disappointing that homes are seen as investments rather than a fundamental, inalienable human right and that they're use as a way to make money rather than a way to provide shelter is supported and encouraged by the government.
Water will be the next big investment. Finite resource, easy to market, growing demand. Make it a tax-free asset, allow you to declare a certain amount of water as being your property, rely on Silicon Valley to invent software that claims to track it for you through an algorithm, and register it in the Caymans or Emirates. Just imagine how much you could profit. After all, if people don't want YOUR water, they can always try to find a better deal on the free market...
So that's why you create a cartel with your buddies. Create a de facto monopoly over a certain part of the world, to create the best service of course, set the price at whatever rates are most competitive with yourself, and sit back and enjoy your thirst empire.
Privately owned water. Tastes like freedom.
* - May contain traces of fracking juice.
There's an inherent value in a "house". It cost x$ to turn the soil and make inhabitable, ready to build. Then we need to pay for the structure to be built and services to be attached. Who pays for this process so you can have a house for free because it's our right?
Enlighten me CON, I've busted my ass to buy an average house in a shit area, I hope that ppl like me buy here and we will no longer be the shit area in the future
@max Congrats on buying your home. First of all, I never advocated for homes to just be handed out, rather I was commenting on the state of the housing and rental market in the country. I know that homes cost money to build and supply to the populace and it's not feasible to just give them away for free. I think homes should be sold at slightly more than cost, as any product in this capitalist market should. Homes stop people from dying in their sleep from the elements of the outdoors and I think that's just as important as eating or drinking. Food and water (For the most part, **Cough cough** Nestle) are seen as fundamental, inalienable human rights and that allows you to go into any grocery store in the country and buy any item of food at a fair, reasonable and, most of all, affordable price. So why aren't homes the same?
I think that major regulation and a serious overhaul of the housing and rental market needs to happen for this right to be guaranteed just as food is. Home ownership limits should be in place to reduce the high demand for homes that drives the price up, rental regulations need to be in place to protect renters and certain policies should be removed or implemented to reduce the overvalued cost of land to allow for easier access to home ownership by first home owners. I have no issue with people buying their first home, I think it's a great thing that is still a possibility for people. My problem is with people that buy 2, 3, 5 or however many homes just to rent them out at exorbitant prices. (And especially the large portion of them that won't give a single fuck about their tenant or the house itself and force them out either through rent increases or some part of the lease so they can fill their pockets even more from a new victim that can pay the higher rent)
@@constitution7167 I appreciate your response. There's a few issues and the first is that the governmens are trying to get rid of or outsource its government housing. It had a some good schemes but many of them have come to an end.
Most property investors have to put money in just to maintain the interest on the loan.. you can't hate them, they hoping that they buy in a popular area and over time, it apprentices in value and they make money on capital gains and then pay 49% in tax on those gains.
I'm moving my family out of our greater cbd, we live in a vast and beautiful place, everyone wants to live in the cbd but there's plenty of affordable places
Keep up the great work 👍
Brilliant - truth in plain sight is often invisible to those who do not want to see...well done to all of you in the production of this clip - cheers
It's out of control. 4 out of 5 properties sold in Australia are to property owners. And yeah, even places like Alice Springs are more expensive to live in than Brisbane...
I don't think it's as bad In Ireland but we have an issue here to here's a few key notes
You got dickheads hoarding and hoarding vast quantities of land waiting for the price to go up and up and up and up then eventually sell for an outrageously high price which causes causes building contractors to have to charge more and more per house and oh would you look at that must people now can't afford these houses
Then we got foreign vulture investment funds that have been allowed by our government to gobble up vast quantities of property all over the country
And of course our government alot of them are landlords are are thus at a conflict of interest to do anything about this mainly because they are almost certainly getting a slice of that money from the vulture funds
And then there's plenty of vacant property also being hoarded
Where does that figure come from? Does it include me that might buy a house and then sell my old property when settled so that I have somewhere to move into? A property owner that buys a property...
Seems pretty rubbery
And then the property owners have the gall to tell us why we don't buy or build our own houses. How could we possibly do that when we have to compete with wealthy property owners for some property. Wealthy property owners looking for more investment properties are creating an artificial demand which drives up prices like crazy. How are we supposed to compete with people, who are able to bid far more, because they know they'll be able to suck the money back from the people they are going to exploit to golden their retirement. How are we supposed to build our own house, if the land is bought up by rich investors. And second home owners are a huge part of the problem, not just those investment companies. We have no chance to compete.
Even more unashamed do they have the gall to claim they are doing us some favor. They are not. If it weren't for them, housing prices would be significantly lower. They are so high, because those people want to make a huge profit. Fuck those parasites. Their greed makes everything more expensive.
@@maythesciencebewithyou I am a property owner and have never said that. Neither has my mum, as she had to help my brother to get his home. My brother hasn't either obviously.
Perhaps you are tarring all property owners with the same brush.
Would you say that if you owned one? Or would you be the only one that didn't
Rent in my town use to be 150-300 a week with 300 being the good houses, now it's 700 for the good houses and 300 for the sketchy ones
Nothing better than being years off being able to afford a home despite years of aggressive saving, and every time a house is sold up goes a For Rent sign. The people who want to buy houses to (and I know it sounds crazy) actually live in them and make them a home, can't because those "hard working" Boomers need a 5th investment property. Why is housing - HOUSING - an investment??? We're screwed.
Yup. Feeling your pain.
Most others countries also don’t sell their property to overseas investors who’ve never stepped foot in their country either.
The Netherlands, for instance, makes it cheaper to buy than to rent in order to encourage home ownership. And you can’t buy unless you live there.
Makes sense.
@@Living_Connectedness Spot on
You'll never be able to afford a house by saving. They already broke everything by printing too much money, now once that washes over they'll start printing money again and devalue your savings. You'll need twice the money by the time you're ready and it will be exponentially out of reach. Don't invest in cash during the bull season which comes after this recession. Invest in something, anything other than fiat currency.
If you think about how these property is financed you'll have your answer. Property is an investment because anything in the western economy attracts capital only when the game is profitable.
At the end of your videos, you should layout how we can actually fix these problems and corruptions. Drawing light to this stuff in the first place is amazing + commendable!
stop immigrants from 3rd world shitholes and cease the billions of $$ spent on overseas aid , there are 2 ideas right there
I’m a working professional, I’ve haven’t had secure housing and I’ve been repeatedly homeless over the past four years. Only last week I received notice on the house I’ve been in for only two months, I’m currently looking for a home again for the third time this year. Thanks for making a video on this matter.
Don't be so selfish. Think of the investors ! (Said with tongue firmly in cheek, from a long term tenant myself).
You may as well give up on renting and buy a nice van at this point, at least it's yours and you won't be evicted.
@@bhante1345 If enough people did this, they would just make up bs rules and force people back into overpriced rentals.
remember vote against immigration. Australia is saturated like most of developed world unless huge amount of population want to live in out back. Only problem that Australia uv so intense that for white Austrians living in tropics is a not starter. Immigrant cause house price base how desirable for people in third would what live there. Here in states some place are still affordable but it more like middle of country where its cold. I move to state I will not name because house is affordable there. I am plan to buy condo. anther problem with large cities hard to add new house are good place because it take long time to plan a high rise. townhouses are build quick.
2 years here...I know this pain all to well...feels like those years are stolen from me.
OMG this is exactly the same story in the UK...
Totally relate!
So relatable. I didn't know how bad it was until 6 months ago when the owner of the property gave a "notice to leave" at the end of the least for everyone in the building. I had been a good tenant , always paid on time, kept it clean, etc but the owner for some reason had "plans for the property" (perhaps move friends in there because they can't find a property)
I finally found a place (1 week from being homeless), am paying way too much (actually more than the other place) for a crappy place that is smaller, uglier , older, wrong side of town / higher crime rate, terrible neighbours (one that is mentally ill, violent and makes lots of noise at all hours.
What makes me laugh is that one of the flats in the current complex is up for rent and I found out they are charging even more for that place (not better) than the dump I'm living in.
People are desperate. I found out about it as when I left for work the other day , I saw a heap of people lined up out on the footpath waiting for the agent to show them.
Man that hit hard.
I recently bought a very humble property in an inner eastern suburb in Melbourne and later found out from the owner that it only costed them 1/10 of the price when they bought it in 2010.....
I'm sure the Australian average wage and average saving didn't increase by 10-fold over the last 13 years......
Did you buy that place hoping it drops in value then?????? I think not and will you sell it for what you bought it for in 15 years time. I think not.
Oh and perfect time to buy at the top of the market and rates rising which should of been for a few years now except for the plandemic came along. 2011 was the perfect time to buy not 2009. History, fear of missing out and mob mentality always repeat.
@@neolion8150 you've obviously missed the point. The point is about the 10-fold increase in property price over the last 10 years while the average Australia income has stayed relatively flat over the last 20 years.
Income has completely failed to keep up with housing prices not to mention even keeping up with inflation even when it was around 3-4%!
@@MrACSRC Income has also failed to keep up with Bitcoin over the past ten years, but income has risen much faster than the price of gold over the past ten years. Why should the price of housing move in line with incomes? It basically moves in line with a) land prices b) construction costs, c) supply and demand.
Anyhow, rest assured, this year house prices have dropped (in NSW at least) by around 10% while incomes have risen by more than 2% on average -- so house prices have failed to keep up with incomes. Does that mean that wage rises have been too high this year, or that house prices should have risen this year?
@@MrACSRC Maybe I could talk about the amount of money printing over the last 10-15 years and the ease of access for large mortgages. But that’s the cause of all inflation.
I could give you the answer to a large part of that problem in housing costs but i will be seen as misogynistic (so if easily offended stop reading but if looking for an answer to part of the problem continue on) but it’s based on the fact that by manipulating half of the population that it’s better to be a wage slave to a faceless corporation/boss (this has happened slowly over time) than be the boss of the house while hubby goes off to work to provide a comfortable income on a median wage which used to be enough for a comfortable life.
But when you double the workforce you hand over power to the employers and they have gladly embraced this way of life/thinking and continue to push it.
Also if you have 2 incomes coming in you are going to be temped to spend more on a house. So over time we have gone from a single income being able to afford a average house to “having to have” 2 incomes just to buy a house now. And to get to the nitty gritty. Women never marry below them so if she is Uni educated and paid above average you can bet her husband makes just as much so their purchasing power is ridiculous.
E.G (on the low end) couple both nurses $125k each a year. $250k combined. VS median couple $53k each $106k (so good luck if your a middle of the road Ozi in the city or on the coast) $150k difference per year. That’s a lot. And yes the median is $53k the average ($93k) not a true representation as it is drawn up by the small number of people that make stupid money in the 10’s of millions like Gina Rineheart and Twiggy Forest etc. $53k is what an average ozi on the street makes.
As most high payed and high earning business people live in the cities the split between the haves and have nots is marked and shows in the rise of house values and the rate of the rises.
Simple supply and demand.
Hence why I moved to the country and haven’t looked back and wouldn’t go back. Can shove city living up their a$$ lol.
Yep, don't you love it when people who bought their homes in the 60's 70's, 80's think they had it hard as well. Sure would be tough paying 3 years wages to buy a house and cost of living and goods was less.
The property manager at my rental recently emailed me to say the lease was up on our tenant of 2 years who has always been great. She tried to recommend I put the rent up $70 a week on him. She was a bit shocked when I said no to putting the rent up
Your Property Manager has a duty to maximize the return on your investment. As the Landlord you can choose to accept or reject their advice. Other factors to consider are how good the Tenant is. If you have a good Tenant then you can choose to increase the rent by a smaller amount as the opportunity cost of losing a good tenant could be higher than the risk and associated costs of getting a (new) bad Tenant.
@@HistoryGe3k don't they have a duty to give the owner sensible advice, such as you set out rather then 'maximise the owners roi'?
The lady who rents our house has reciently got into retirement. I called her on behalf of my family to offer her 100 euros discount, becuase she was going to earn less money, now that she has to live from her pension.
She refused.
She said that we made her a fair price in the begining and that we only rised the rent acording to the inflation, allowing her to live for 20 years in a zone for almost half of the money her neighbours are paying actually, and that there was no way she would accept to pay less.........
Not gonna lie, it felt good. My mother always had this strange idea, that you should pay and charge (whenever it is possible) a fair price, and not the maximum (or minimum) allowed by the "free" market......
Of course some people will try to take advantage of you, but if you treat people with fairness, you will end up surrounded by good people.
@@JakobusVdL - their role is to manage the property on your behalf. Their job is to get good reliable tenants who look after the property, pay their rent on time, and to get the best return on investment. Naturally, if you have a good Tenant and want to keep that Tenant, jacking the price up may not be the best long term strategy. The best return on investment may be to charge a FAIR price and keep a reliable long term Tenant.
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As a Real Estate Agent, it is a balancing act when you are working FOR Landlords. Also remember that the Real Estate Agency earns its money from commission. It receives a set percentage of the rent as their fee. So they are also looking after their own bottom line. The Real Estate will increase their profits when all their Landlords increase their rentals. If all the Landlords increase their rents by say 10%, their commission is also increased.
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A real risk a Real Estate Agency faces is when a competitor tells one of your Landlords that they can get a better rent than you are currently receiving.
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I personally believe that the Real Estate Agency's best competitive advantage is the quality of service it offers. All Real Estate Agencies offer basically the same product or service so many will try to secure Landlords or House Sellers by jacking up the price of the House for Sale or the Rental.
@@jorgebarriosmur - When I was young, my Mate (friend in Aussie slang) told me about the Tenants who were renting his Parents Investment Property. The Tenants had been in the house over 20 years and at one stage actually painted the house inside and out for the cost of the paint. My Mate's parents where good people and treated their Tenants extremely well. The Tenants were good and treated the investment property as if it was their own.
Good to know it's not just the UK that's going through this BS. Not that I'd wish it on Aussies or anyone else - but it's nice to feel like part of something bigger. 🙃
There should be an inquire in empty department of housing flats and houses in n.s.w
It's heartwarming to know that greed, stupidity, and corruption know no national boundaries , race, or ethnicity barriers. We really are all the same!
The saddest thing is how little they'll fuck over for, you think they must be getting millions but they'll fuck you over for a 50 dollar gift card
It's capitalism
@@Praisethesunson it runs deeper than capitalism. It's the money system. Gold kept governments in check because they could only borrow as much money from their central bank as gold they had, which limited how much the money supply could increase. Now with fiat currency, there's no limit, and inflation increases at a much higher rate than the amount of wealth a country can produce does, regardless of economic system.
@@Motoboo_Marine To add to what you are saying, it is capitalism and how it effects the fiat system. Instead of backing the fiat currencies with silver, gold, etc. most countries have switched to backing it with economic performance. This means the value of currency is directly tied to the health of capitalism. We have reached end-stage capitalism and it's really showing.
@@Motoboo_Marine No. Bad internet stranger. Gold or currency policy have nothing to do with the rampant exploitation demanded by the Capitalist class.
I'm single in Melbourne making around $1000 a week, but getting a place on my own is out of the question. After taxes & rent there'd be hardly anything left! I never ever thought I'd be earning a grand a week and - with no kids or car to service - still be struggling to make ends meet!
You and everyone like you will and always will til people actually stand up and bring some people's justice to the oligarchy and ones who've abused us and stolen from us all these decades
I paid $325 a month for a modest flat in South Yarra, over in Leopold street, just a quiet walk from the Yarra, and a quick Tram into the City, in 1983/1984, when I started my first job as a computer operator making 16K a year. I had enough spare money as a 22 year old kid to permit occasional short holiday trips back to Tassie to visit my parents. Now, 40 years later, I sleep in a company semi truck that I drive all around America. Somewhere to sleep, permanently at my work, is all I got.
So believe me, I know how much has changed.
@@gregorysagegreene That modest flat is probably owned by a Chinese investment banking company which bought their "investment" for around 2.4 million and to get a return they rent it for around $850 a week. The housing "bubble" was created by government to maximize profit from foreign investors and disallow locals to buy because as the money goes offshore the government gets to "double dip" by taxing the investors and also buying into the investment companies or making their own.
@@zysis record migration non white will make housing crisis worse we will end up like India govt wins with 30% of vote lowest every
Why cant you buy a house, rent it, and then rent a cheaper place and use negative gearing to help you pay the house you bought off? I thought that is how negative gearing is supposed to work?
Great work as usual 👍🏻
Thanks for creating the awareness.
YES!! It's been *so* fucking hard being a renter lately! Took us over 6mths and 100 applications to find a rental in Bendigo, and our rental history is spotless!!
That's just ridiculous. I can't believe nothing is being done about this
@@MJ-he1hf Right?! I feel so bad for all those families with small children having to live out of tents in the park. I'm also pretty sure the wait list for housing commission over 10 years long at this point (I'm not exaggerating). It's just fucked. People should not be homeless in this country, regardless of their background.
This also makes it extremely hard for people fleeing abuse as there is simply nowhere to go
Students from rural areas who don't have relatives near their uni have to pay crazy amounts for housing, both on or off campus, and youth allowance for them is worse than jobseeker (plus it can be cut if their parents earn enough if they are under 22!). So I guess fuck you to those students too!
@@theliberation9061 Rental history is basically whether you paid your rent on time and if you were able to keep the place clean. I can understand landlords wanting people to not trash their houses. That said, I disagree with people having more than one investment property so really there should be less rental and more (cheaper) houses for sale.
Currently renting a shoebox for $500/week; I feel this on a spiritual level. Specifically, purgatory.
62 years old and in that position, not everyone had the opportunities or the support they needed in the past either, hope things improve for you.
Average rent where I live, $1,400 or sell your soul to Satan. It was $900 two years ago. But we're all supposed to afford apartments by not subscribing to streaming services and skipping our daily Starbucks.
@@steviewondek Thanks, cobber. 😊
@@Lonovavir Satan is not taking it. Mammon on the other hand…
@@JamesDavy2009: Whoever will pay you, just make sure they don't pay you in Cryptocurrency.
Honestly, went to look for a Townhouse to buy and swear it was a bunch of boomers trying to buy their fifth investment property 😒
We stand no chance.
Beautifully done, wonderful satire, and very solid information and argument!
New York City: "The rent is too damn high!"
Australia: "Me bloody rent is buggered, mate!"
Vancouver: *pinching your cheek* You guys so cute.
NYer here! No matter what, we're double fucked!
@@DangerWrap PEI: "Hold my beer...." Highest inflation in the country, no housing, short 5k+ tradespeople for a population of 160k...
@@ctassell is housing in PEI expensive?
@@leswhynin913 Yes, it started spiking around 5 years ago and has gotten pretty bad. Only two cities in PEI, and very low vacancies (like 3%) in both of them. I bought my house 20 years ago for under $100k, and comparable houses on my street are selling for $300k now. If you can find a place to rent, it's pretty expensive compared to average wages, and they aren't building anywheres near enough to keep up with the demand. We have laws that limit rent increases, and this year the landlords put in a request for like a 10% increase in rental pricing. The Government blocked it, but that just means no new development, so still no availability.
I love you guys anyway, but watching your new release while sitting in a park and wondering where to sleep tonight, it's the start of the wet up here, makes me appreciate you even more.
I thought us homeless people were just the forgotten schmucks.
Thanks again
@@dabadaba530 things can only get better, but not all Australians are homeless, you got any idea? I can't get a job because I can't guarantee that I won't get beaten up during the night (which has happened), I can't get a place because I don't have a job. Catch 22
I'm so sorry Philipp. Definitely not forgotten. Good luck for tonight 🖤
This is horrible. I had no idea Australia had this problem,and this badly.
Writing to you from LA, where I'm one of lucky ones to have a roof over my head. But I know that's all it is, luck.
@@KaritKtana Australian homelessness is not as bad as America, specifically LA. I walked through skidrow when I visited LA and it was a shock to see how much homeless people are neglected in America.
@@LifeLongMETALHead83 ya the US is a whole other kettle of fish when it comes to housing crisis, at least compared to WA where housing is still quite affordable (comparatively anyway). For example the house my sister has a mortgage for life on (a normal 3/2 in a normal suburb in the town we grew up in Southern California- not LA up the coast a couple hours) cost literally 3x what we paid for our 4/2 in regional WA. It’s absurd how different it is and let me tell you wages arent that much higher over there, California cost of living is through the roof. I’m so grateful that my husband is from Perth and that we both like the country and can get jobs out here, it’s made a world of difference for our quality of life and financial futures
Keep up the good work . From South Africa
Presenter communication skills are👊💪👍and still conveying her message smiling 😅
Should have mentioned Air BnB, Stayz and these other companies turning what used to be long term rentals into short stay holiday accommodation, many thousands of homes and apartments across Australia and millions more across the world are no longer available to rent to local residents.
Very good point they are fucked, would to the country good fo they were banned
This is especially true in small towns that are tourist destinations. I know a guy who had to move out of his rental in Byron Bay for 4 weeks over Christmas/summer so the owner could AirBNB it at 4 times the weekly rent
As a renter, this really hit hard. Thank you 😀
@@SuperBrahimos?
@@SuperBrahimos No, I shall rebel and bring chaos and we shall all feast on the flesh of the rich!!
@@SuperBrahimos orly? Them's fightin words.
@@SuperBrahimos Are you american?
@bLackstar realistically what can be done? There's far too much old money invested in the housing market even recessions won't bring them down.
These are done so well. 👍
This was savage and I adored it. Thank you for the work you do.
I'm not from Australia, but if I were Australian I would totally vote for thejuicemedia to enter the parliment. Absolutely loving this.
love to see a government who actually say f*ck you to the people
Human rights aren’t valued in Nazi Canada........ they traffic children here......
I'm sick of reading comments from people who have ZERO understanding of how property market works. Yet they'll ignorantly blame whoever the screen tells to blame. Do you really think that negative gearing and CGT increase the cost of rent?! They are basically government subsidies to reduce the cost of rent, yet these geniuses have convinced you of the opposite. Everyone needs to get their head screwed on.
@@joeblogs9426 but that’s just how most people are, they have little understanding of stuff, including me lol. But the lower rent thing you mentioned isn’t that kinda the point. With rent being cheaper there are more Renters. More Renters means a need to build more buildings to rent to people or something. So this also means less “public housing” being built. Which I guess all this causes a housing crisis or some shit. Either way if this is all wrong what exactly is causing the housing crisis. As someone who is still young, studying and looking to buy a house in the future, can you tell me because I want to be able to know how to fix this problem and be able to afford a house. Thanks.
@@joeblogs9426 also some other stuff to add. Did the polices turn houses into investments making them too expensive? Are there not enough public housing being built. And where did all the increase of renters come from. Just some extra questions since they claimed all this in the video. Again Thanks if you take the time to answer my dumbass
Adelaide - approx. 6 years ago, family across the road sold their modest 5 bedroom, 2 bathroom house for $525,000. Same house with no alterations sold recently for $740,000. Investor made a few mods & it is now up for lease at $5K/month
Every one of these points can be applied to the UK!
I'm looking for a rental now, stressed out of my mind, and this was both hilarious and devastating...
Love you guys!
Good luck
Have you tried selling your firstborn child to pay rent? The first month's rent that is. Cause that's what you'll have to do. Rents have increased 40% in my community in just 2 years.
@@Lonovavir No, that's how you put the bond down on your next place. Because good luck ever getting it back for your last.
I just got off the phone with a real estate agent, after having emailed and called multiple times over the past 2 weeks. Apparently the place I was inquiring about was leased 3 weeks ago but they hadn't bothered to take down the advert. Her response when I mentioned this? 'Oh... Okay', and then hung up.
It's going well.
Here in 🇳🇿 New Zealand, we also have developers trying to essentially bully and pressure people who do own their own homes into selling those homes to them.
For example, my grandmother has promised to give me her house in Howick (which was like a 2nd childhood home for me) next year as she moves into a retirement village. This is good for me as I do have a lot of memories at that place and it'd be a perfect place for my husband and I to start our family.
One day, she received a random phone call from a pushy developer who wanted her to sell that house to them as they were wanting to turn her property into a high end apartment or condominium.
When she (my grandma) said that she was giving the house away to me for free, the developer seemed genuinely confused as to why she'd give the house away for free to her grandchild followed by berating her and telling her "if you want to give your house away for free then why don't you just give it to me instead".
Also, not too long ago, a tornado tore through Papatoetoe and less than 48 hours of the tornado passing, you had developers shamelessly going up to home owners who's houses were damaged or in the process of repairing their homes, asking them if they'd like to sell their house now.
Who are these developers? You'd be surprised who is behind all the real estate buy-ups. They sre foreign
So the developer is greedy for wanting to pay $$$ to your grandmother for her house, but you aren't greedy for wanting to pay $0 to your grandmother for that same house? ROTFL.
@@wealthelife no, he is not greedy for not wanting to pay his grandmother. A developer is not blood kinship. What, you have no understanding?
@@Nat-kt9pj ps. It is a 'she' no 'he'.
Wanting to pay $0 for an asset worth $X does make you greedy in comparison to some other person who is willing to pay $X for that asset. Not vice versa.
I fully understand that the grandmother *might* decide to gift an asset to a relative which she would never choose to give away to a total stranger, but the fact that she is offered market value to sell the asset (rather than give it to a relative) doesn't make the person offering to buy the asset greedy. It just makes the relative worried that she may not end up received a valuable asset as a gift.
Bear in mind, a verbal 'promise' to gift something has no legal standing (unlike a verbal agreement to exchange an asset for services or goods received) -- so the grandmother is perfectly entitled to change her mind, sell her house, and spend the money (eg. to pay for better quality/more expensive aged care facility, or go on a cruise to Tahiti before moving into aged care after selling her house).
In fact, if the granddaughter tried to talk the grandmother out of selling her house (rather than gifting it to her), that could be a case of financial elder abuse (which is quite common).
It is a sad fact that many people come to believe that assets owned by others are somehow theirs 'by right' - whereas the reality is that someone is perfectly entitled to dispose of their assets however they so choose -- and entitled to change their mind at any time. Calling the developer who offered to buy the property from her grandmother 'greedy' seems to be a perfect example of such a sense of entitlement.
The grandmother may not need to receive any payment for the house, and may gift it to granddaughter as expected, but that decision is entirely up to the grandmother.
If I had to guess, I think the strong reaction to the grandmother being made an offer to sell her house by a developer might be driven by the fact that the grandmother may have not been aware exactly how much the house in Howick was now worth (median sales price is $1.2 million). Most houses in the area were constructed in the 1960s, and the grandmother might not realize how valuable was the property she was thinking of gifting to her granddaughter now is...
@@wealthelifebla bla bla, you're just a lonely POS
Love your work.
We are living the exact same problem here in CaCanada…
I love it everytime you drop a video and just from the title alone I cannot decide if it's Australian or Global. The world is truly one under the powers that be.
Scary that living in a car is becoming the only option for many families 😢
Yeah it's crazy isn't it. Should have never happened but here we are.
Landlords are still trying predend like all they are doing is doing us a favor and like to play victims when you tell them what they truly are. I don't understand people who invest in properties as they love to tell us that being a landlord is an awful "job" with too many risks as somehow almost all tenants are squatters who will ruin their properties and never pay. I mean come on, if they were honest they'd sell their properties and stop investing in properties. But they won't because where else can you make so much guaranteed low risk money without having to work for it.
If property owners would stop competing with people who are looking for a place to live and sold their second properties now, prices would come down. But since they would lose money if that happened, or at least make less than what they can now, they won't do it.
@@maythesciencebewithyou The UK has higher stamp duty if you own more than one property. The property situation is still a mess but it's a step in the right direction. Also, they have changed laws that make it less attractive/profitable for amateur-league landlords.
Even that is getting difficult when you're poor. Checking Car Sales there are just 4 cars under 5 grand in my region, and I think they are all out of rego. One is an 80s Mercedes with 600k on the clock and the ad has been there for like 2 years.
@@AfferbeckBeats 600k on the odometer for an almost-40-year-old car is fairly low.
Way too relatable 🇨🇦
Subscribed 😅
Well done!
A tax on ownership of more than two properties is the obvious solution rather than the current ridiculous tax breaks
Yes!
Yeah and an empty house tax too.
there is a tax on property, it's called stamp duty.
getting rid of negative gearing on multiple properties, getting rid of reduced capital gains, requiring empty property to be used for rental accommodation would be better incentives - in fact i think the greens had a half decent plan on this last election - The ALP know that any adjustments to the current property market/investment speculation would be an election loser in the key seats needed to form govt.
Make it more than 1 property. Nobody needs more than one property. The property they live in.
@@maythesciencebewithyou who will rent? gov?
Its extremely frustrating because the whole point of renting is to be cheaper than home ownership. Now rent for one month could equal to that of two months of mortgage payments…
That was never the point of renting. The only situation in which renting is better than buying is when you're living in a place temporarily. The only reason people rent to live in a place permanently is because they don't have money for the initial deposit and/or banks won't give them a loan even though they usually can afford paying way more in rent than what they'd be paying back in loans.
Of course that's not right, but it's what happens.
@@JoaoSantos-ur1gg That depends on where you live. Some countries have a way higher population density than others. In this case, building or buying just isn't a viable option for most citizens.
But that wasn't a problem as long as rentals for every need were actually available and affordable. People with higher income built a house if they could or rented a state-of-the-art apartment, people with lower income found cheaper, but still very liveable apartments. And most people switched rentals two or three times tops in their whole life - mostly, when their needs changed (more room for kids, better accessibility for seniors and so on).
Awesome! Sharing the hell outta this😂😂
You are awesome, love your videos
That "You pieces of S**T" at the end hit me personally. I felt like every Labor and Liberal government over the last 30 years was saying it directly to me.
My kids and I became homeless because of this right after we managed to escape Domestic violence and someone litteraly try to trafic us, covid hit and locked us back into our homes. Then the rental crisis made it impossible to keep a house. Even though Im working and could afford expensive housing we still became homless.
Elly, if you and the kids still need another option, I seriously advise you get into house sitting, it's FREE accommodation ppl go on Holiday's ect and they let you stay in their home until they return. House sitting can ALSO help you save serious money. I house sitter for 8 years, some house sitting websites do charge an annual fee of $50 or $80 bt some are free aswell. While your sitting one house, you can also prebook another house sitting job so soon as you leave that place you move straight into the next one, that's how it's works simple. Just buy your own food, everyone home owner is different, some will give you free meals ect, bt from my own experience most the time your required to buy your own food. As they won't be home for weeks they usually say you can have what's in the fridge it will go off anyway lol. Well hope that helps
Are you in Australia Elly? Assuming you are, there's a few cheaper rentals out in country Australia which might be the better option. Don't listen to house sitting guy, he's got no clue. Some country towns are welcoming the growth and while some homes may not be the ritz, they are still a home and fairly affordable.
Saying this because a woman I went to school with just moved out to Avoca and has found it good for both her and the kids.
@@zysis although I went to the local parliament, ABC and everyone I could with the help from my bosses and co workers from work, I managed to get a house after months of being homless. I live in the country, I have a good job. And the country is also a bad suggestion since there was about 2 houses available per month IF you are lucky, with 50+ applying for them so even with a good rent record it was hard.
@@ellycook9057 I hate to be the one to say this, but... looks matter. There's a 50% chance you could've walked up to any lonely rich guy on the street and he would've invited you all in after some icebreakers. Not that it's recommended... but remember that it's an option.
@@johnnyvivic8730 Im not sure if you're suggesting I should have whored myself off or became a gold digger, or just plain use men to get by. But what ever it is sounds pretty stupid and dangerous too wtf lol
This sarcasm, word for word, applies to my own country.
This was spot on, just a year on and transported to the UK.
You're so spot on! I've just spent 4 months homeless and only got a rental through having friends that had their granny flat free up. I can say I am definitely one of the lucky ones 😥Have a stable professional job making near on $60k a year but couldn't find a rental in 6 months of trying to find somewhere before my previous landlord kicked me out. Ridiculous that this can happen in the country hate to think what its like in the cities.
Same- a friend of my uncles' moved out of his house (they moved out of the area)- my mother & I had been talking to him about how utterly cooked our situations were; especially mine & my brother's- we were renting a place, & despite it being a 3-bedroom townhouse, we'd given up on finding a suitable house-mate, due to how sh*t the previous *_5_* had all been - to top the house-mate situation, our landlord had been steadily bumping the rent up, to a final A$900/ ft- yet somehow couldn't afford to seal a wet area like the bathroom, leading to a funky mildew smell in the bathroom cabinet, nor use anything other than selastic when he 'repaired' the crumbling toilet base- I was nervous every damn time I had to lean & wipe....
Our uncle asked if we were willing to move, to take on his place- & we could even set a reasonable price for the rent, which ended up being A$300/ wk - so we were out of there like a shot.
And yeah, we too feel lucky- even though we're a little more rural than is convenient (for someone without a car- like me), but a bus stop is only half a block away- & pretty much anything is better than what we were dealing with.
Some 12 years on, & my brother has saved up enough over his working life- to have a A$60,000 deposit, & has applied for a home loan- but the hoops he's had to go through, to deal with the banks.... - he works 6 days a week- the same job he's had more than a decade, & has had to use his lunch breaks over the last week or two to make the phone appointments- because he can't take time off, & he's going to spend the next 30-35 years paying it off- subject to the damn interest rates, of course...
Try being a teenager earning next to nothing
You are a professional!
Its quite funny, this story
The same shit goes on in Toronto
Yep and in NZ
Vancouver BC. We're flacked hard here as well budd
It's everywhere.
It's how the rich have managed to get back to the good old property system of Europe's Middle Ages.
"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning," - Warren Buffett in 2006.
@@Paraselene_Tao Oh, they are winning against the masses, but they are also fucking themselves over with the planet.
They are making the planet unlivable, before they have built themselves an alternative place to live.
Same everywhere ..things gonna get ugly.
I love this keep it up!
Wait, was this about Australia or Merica, or the UK, or Canada, or Western Europe, or New Zealand, or... oh well, fuck it.
I thought New Zealand recently tightened their property laws to try to prevent speculation on property values.
Clearly Oz
@@KonradZielinski The leader of NZ's main opposition political party owns 7 properties and just this week it has been revealed he is renting his own electorate office to himself with public funding. The tweaking of the NZ residential property market has been more disincentivised by the real estate downturn than any recent regulations.
@@KonradZielinski NZ is even worse
least we're all fucked together XD
This is PAINFULLY accurate.
Also “bushy gonad” had me in stitches!!! 😂
Arguably it isn't accurate. This video commentator says that Australia needs more public housing plus more rent assistance & tenant protections (making renting a secure choice) and reform of the policy that causes Australia's gross housing shortage.
More public housing won't eradicate the usurious banking monopoly that creates the poverty, scarcity and want that prevents Australians' being able to OWN their homes;
More rent assistance would not only continue the problem, it would increase it by actually rewarding landlords (since they are the ultimate beneficiaries of any government rent assistance). Rent assistance merely ensues the shortage will persist while the government uses rent subsidies to further enrich landlords and the banks whose usury backs them.
The ONLY policy that will eliminate the wage slavery and poverty causing INFLATION (i.e. the loss of value of Australia's currency) resulting in the increasing inability of young people to afford to buy or build their own homes, is genuine banking reform that results in Australia’s government Treasury issuing interest free money and currency.
Electronic emission of currency costs virtually nothing to produce. The Australian Treasury only produces about 3% of Australia's money in the form of notes and coins, the rest is virtual money (currency) created out of thin air by banks using key strokes on computers.
Australia's Treasury should issue real interest free money and currency instead of giving private banking companies the EXCLUSIVE right to fraudulently pretend to issue money i.e. worthless fiat debt tokens falsely called money.
BE AWARE that not only do banks not issue money, they don't issue anything. All they do is make book keeping entries in borrowers' accounts by typing figures into computers which they then pretend is money created out of thin air. IT ISN'T MONEY!. There is no bank produced money. NONE!
The scam is facilitated by the Australian government pretending that digits electronically created by private companies using computers are money for which they can charge interest. Moreover, the Australian government FORCES all Australians to use those electronic digits in lieu of real money by calling them currency AND using force and violence i.e. the threat of prosecution, fines and even imprisonment of any Australian who seeks to barter commercially or issue his/her own asset backed money in lieu of the banks' fraudulent usurious currency, issued by the private banks granted exclusive free licences for that purpose
In other words, THIS video is a subtle part of the problem because it reinforces the government's fraudulent policy of granting privately owned banks the exclusive right to rip off all Australians with bogus usurious banking arrangements. It's a limited 'hangout'. Capiche?
Moreover, apart from pretending to loan money, Australian banks pretend to accept deposits of money (actually currency) from Australians ostensibly for safe keeping, while actually using legal processes that transfer ownership of that currency to the bank. The result is that IF the bank is threatened with bankruptcy (liquidation due to having inadequate reserves) it can legally convert the so-called deposits it holds into shares in an attempt to ward off bankruptcy. Moreover, if that happens the depositors' "shares" will rank below the rights of the bank's secured creditors if the bank is liquidated.
GOT that Pilgrims.
You've been HAD!
**************************
Hell ya. Live this channel
You could do this again, and all that would change is the property values.
I am a South African, and honestly, your videos are both entertaining and eye opening. I always thought it's only here things are totally ridiculous most days. Thank you.
Kanye west is right about who is doing all of this to us.
They who can not be named.
@@devilisahomoif you’re trying to say ‘the Jews’ you can fuck right off with that.
@@karmacomedian3020 hows the Talmud worship going you demonic fgt.
Star of David is actually star of ramphan.
That race of idiots needs to be banished
@Chantell Oh trust me it's not just there. This has been going on in the USA since wow I can't even remember. I only remember the '80s. But things I have read recently about a place in Boston called the West end say that it was going on back in 1959 A couple months after I was born.
I can't afford to live anywhere. This is my parents' house. And now my brother is here too... I don't know whether we would be able to afford it either, but we have a roommate. My previous apartment was the second floor of a house that a lady had moved into and lived in since 1927. And that's why she could afford to rent it out cheap. It was good. I lived there for 13 years. Seven of them with my husband.
@@devilisahomo oy vey, we know... it's.. all in the nose 👃
One million homes in just 5 years, that's all well and good, but where do you expect to find the tradespeople to accomplish this. Governments have systematically closed T.A.F.E. colleges across Australia over the past 10 years. All Governments are lazy and will never commit to helping the average Australian. A quick search shows 12 Federal politicians owning nearly 100 homes, and while homes in Australia are used for investment cash grabs nothing will change.
Those same tradesmen who built 1 million homes over the previous 5 years mate. Albo's announcement is just empty words.
Labor isn't going to brag about this policy then silently ditch this
100?? Australia is insanely corrupt…
@@lunsmann think you'll find the federal govt has limited ability to build housing, unless it's defence housing - it's a state issue and a local govt issue..and luckily we have a whole slew of property developers to advice those govts.
@@lunsmann One million houses in five years, or five houses in a million years......
Here in California, for a box of wood covered in sheetrock costs around $2500 per month
I'm in the US and while I haven't lived in Australia, I'd wager it isn't as as the US.
Here, if you're working class, you will not be paid enough to cover rent and other bills. On top of that, in order to get approved for an apartment you need to have strong credit. They even go back 5 years, and are not negotiable. I have been denied an apartment and offered 6 months rent up front, and was still denied
Infuriating yet comforting to know that we're all getting screwed by our own self-serving government, regardless of what country you're from
Ron Chapman,
G'day Misc SaSi,
I agree.
Fortunately the criminal governments and the usurious banking system they impose to screw almost everyone on behalf of Central Banksters is being dismantled as we speak.
The guts of the problem is governments giving private banks' free licences to create fiat electronic money which they then fraudulently charge interest on.
More public housing won't eradicate the usurious banking monopoly that creates the poverty, scarcity and want that prevents Australians and people in other nations from being able to OWN their homes;
More rent assistance DOESN'T reduce the cost of rent it increases the amount of rent renters can pay and THAT goes to landlords, i.e. it continues and exacerbates the problem by actually rewarding landlords (since they are the ultimate beneficiaries of any government rent assistance). Moreover, TAXPAYERS have to shell out more tax for that process to occur. Rent assistance merely ensues the shortage will persist while the government uses rent subsidies to further enrich landlords and the banks whose usury backs them.
The ONLY policy that will eliminate the wage slavery and poverty causing INFLATION (i.e. the loss of value of Australia's currency) resulting in the increasing inability of young people to afford to buy or build their own homes, is genuine banking reform that results in Australia’s government Treasury issuing interest free money and currency.
Electronic emission of currency costs virtually nothing to produce. The Australian Treasury only produces about 3% of Australia's money in the form of notes and coins, the rest is virtual money (currency) created out of thin air by banks using key strokes on computers.
All national Treasuries should issue real interest free money and currency instead of giving private banking companies the EXCLUSIVE right to fraudulently pretend to issue money i.e. worthless fiat debt tokens falsely called money.
BE AWARE that not only do banks NOT issue money, they don't issue anything. All they do is make book keeping entries in borrowers' accounts by typing figures into computers which they then pretend is money created out of thin air. IT ISN'T MONEY!. There is no bank produced money. NONE!
The scam is facilitated by the Australian and most other governments pretending that digits electronically created by private companies using computers are money for which they can charge interest. Moreover, the Australian government FORCES all Australians to use those electronic digits in lieu of real money by calling them currency AND using force and violence i.e. the threat of prosecution, fines and even imprisonment of any Australian who seeks to barter commercially or issue his/her own asset backed money in lieu of the banks' fraudulent usurious currency, issued by the private banks granted exclusive free licences for that purpose
In other words, THIS video is a subtle part of the problem because it reinforces the government's fraudulent policy of granting privately owned banks the exclusive right to rip off all Australians with bogus usurious banking arrangements. It amounts to (possibly unconscious) gaslighting.
Moreover, apart from pretending to loan money, Australian (and all Western) banks pretend to accept deposits of money (actually currency) from clients, ostensibly for safe keeping, while actually using legal processes that transfer ownership of that currency to the bank. The result is that IF the bank is threatened with bankruptcy (liquidation due to having inadequate reserves) it can legally convert the so-called deposits it holds into shares in an attempt to ward off bankruptcy. Moreover, if that happens the depositors' "shares" will rank below the rights of the bank's secured creditors if the bank is liquidated.
People need to begin to understand that the money meme is a slave mechanism. Money doesn't create anything, people do. Human ingenuity and labour using and acting upon available physical resources produce housing and everything else. Money and currency are, at best, facilitators, a mechanism that makes the exchange of goods and services easier. Fiat money has no other function or value. Until and unless people "GET" that, they will continue to be slaves to governments and banksters who control the so-called MONEY SUPPLY
Human greed and corruption knows no borders and this comment section proves it!
I mean, does it really change anything?
it's not the governments fault people went and bought houses and then investment properties for over inflated prices. it was dumb cnts believing the real estate companies and banks bs about " you can't lose money on real estate, here buy a second home with 5% down payment and use your parents home as collateral, the renters will cover repayments and negative gearing will cover any remaining cost". people are really gullible, where do you think the money the government has comes from? the tax payer and also loans from the central bank. now interest rates are rising they need to raise rents to cover and people can't afford to keep paying more for rent and if no one is renting then people will start selling off properties. prices will drop, people will owe more then the houses market value, their parents will be forced to sell their homes to cover the excess creating more homes on the market. this will create more price drops, then the filthy rich investors will come through and buy up everything for a fraction of the price, as planned. I get sick of being right.. been telling people for 5 years this was gonna happen.
Hey, that's Canada too!
And in the United States. Especially in Florida.
When your world is already globalized, then the world is a stage.
« You will own nothing, you will have no privacy, and you will be happy »
@@1985toyotacamry You think Florida is bad, try Seattle. And yes, someone from San Francisco will laugh at both of us.
It's everywhere. Welcome back to feudalism.