Vic Wasteland Thread

[joeyjoejoejuniorshabadoo]

Will be bad for SMSF investment prop owing baby boomers, the rest will be fine as they already own houses. It doesn't actually matter what your house is worth if it's owner occupied and you can afford the payments on an amortizing loan.

Negative gearing will get rolled back soon and slow it down over time. It's just a matter of working out how to do it without losing votes. I'm surprised this hasn't happened yet to be honest as it's a pretty strange scheme to begin with

Prices are unlikely to have a massive crash under any scenario IMHO.

[emts]

Will be bad for SMSF investment prop owing baby boomers, the rest will be fine as they already own houses. It doesn't actually matter what your house is worth if it's owner occupied and you can afford the payments on an amortizing loan.

Negative gearing will get rolled back soon and slow it down over time. It's just a matter of working out how to do it without losing votes. I'm surprised this hasn't happened yet to be honest as it's a pretty strange scheme to begin with

Prices are unlikely to have a massive crash under any scenario IMHO.

as opposed to elsewhere in the world eg USA...where your home loan is tax deducatble 100%

but not investment properties, so everyone owes 100% on house and pays off others

compared to paying off living in house whilst owing money on investment property

[joeyjoejoejuniorshabadoo]

http://m.smh.com.au/comment/house-prices-is-the-ground-beginning-to-shift-at-last-20150611-ghla0f?&utm_source=facebook&utm_medium=cpc&utm_campaign=social&eid=socialn%3Afac-14omn0012-optim-nnn%3Apaid-25%2F06%2F2014-social_traffic-all-postprom-nnn-smh-o&campaign_code=nocode&promote_channel=social_facebook

Surprisingly ol' mate flogmatron managed to sum it up fairly well without just attacking the right for once....

[HEKT1K]

Lol @ the handsomely paid Flogmatron taking jabs at the 'rich people' - give me a spell brah

Might as well have rabidly attacked the right given his only bright idea is to scrap negative gearing

He's strangely silent on:

-green / Left influence over planning decisions eg. opposing roads to make living in outer suburban homes more convenient, density in inner suburban areas

-abolishing stamp duty

-inflated wages and disruptive industrial action in the construction sector (great for dezz, shit for everyone else)

-high levels of immigration

-flogs with a taste for champagne but a budget for VB

[joeyjoejoejuniorshabadoo]

I was only referring to negative gearing... clearly there are a lot of external factors and stamp duty ain't going nowhere unfortunately

[joeyjoejoejuniorshabadoo]

And i can't see labor doing anything about it either... too many core voters involved

[dezz]

Lol @ the handsomely paid Flogmatron taking jabs at the 'rich people' - give me a spell brah

Might as well have rabidly attacked the right given his only bright idea is to scrap negative gearing

He's strangely silent on:

-green / Left influence over planning decisions eg. opposing roads to make living in outer suburban homes more convenient, density in inner suburban areas

-abolishing stamp duty

-inflated wages and disruptive industrial action in the construction sector (great for dezz, shit for everyone else)

-high levels of immigration

-flogs with a taste for champagne but a budget for VB

You do realise we don't get paid when we strike yes?

[joeyjoejoejuniorshabadoo]

You should speak to your union about that

[Birds]

Pay is the least of the knock on effects from industrial action

[HEKT1K]

You do realise we don't get paid when we strike yes?

Yes. I also realise that shit doesn't get built when you are on strike

[dezz]

Yes. I also realise that shit doesn't get built when you are on strike

Surely that would be an inconvenience!? I'll let the union know that we're disturbing the order of things, and see if we can come up with a more reasonable approach

[alr33x]

Surely that would be an inconvenience!? I'll let the union know that we're disturbing the order of things, and see if we can come up with a more reasonable approach

Well We could just get other skilled migrants or non unionized folk to come and finish the job

Oh wait.. Oh nope Union won't allow that

[dezz]

We could do the same in your industry, I'd think you'd be selling the Lexus pretty quickly when your industry is flooded with migrants willing to work for $10 an hour..... Only until they realize they're not living in Thailand anymore, and a bottle of water isn't 20 cents it's $4.50.

[dezz]

But I see where you're coming from.. Why should the guys building these state of the art billion dollar projects get paid a decent wage when the multi national building companies could make an even bigger profit.

[alr33x]

We could do the same in your industry, I'd think you'd be selling the Lexus pretty quickly when your industry is flooded with migrants willing to work for $10 an hour..... Only until they realize they're not living in Thailand anymore, and a bottle of water isn't 20 cents it's $4.50.

But it's already like that for us, thankfully people see the value in using me and my company over them most of the time as our results are better but real estate is completely deregulated so your point has no basis at all. I could sell your house for $5 or $15k nobody will stop me if I'm willing to work for it and your willing to pay it that's what it is.

We actually have a rate set by the market - they choose to pay it as opposed to the thuggery tactics unions use to impose their will.

Lexus cash brah s'all good

Edited June 13, 2015 by alr33x

[HEKT1K]

But I see where you're coming from.. Why should the guys building these state of the art billion dollar projects get paid a decent wage when the multi national building companies could make an even bigger profit.

Do you mean the companies providing all of the capital and taking on all of the resultant risk?

[alr33x]

Profit is evil.

[dezz]

I know you like to think/believe that you have some idea of what you're talking about here..

I work for an electrical contractor, who choose a price they want to charge for the work I, and the rest of their workforce provides. They then quote jobs based on this price.

What we as the workers get paid is not the same or even close to what they charge for us, and if you think that us taking a pay cut would reuslt in that saving being passed onto the builders, you're dumber than I thought.

Ric pls, you think our company doesn't wear the risk for the electrical portion of the job? You think the builder isn't able to fine/charge my company for not meeting deadlines etc?

Truth is you two know very little about the construction industry, but you know how to read newspapers and form an opinion based on the bullshit you read.

[joeyjoejoejuniorshabadoo]

^ but you dont get butthurt...

[dezz]

At the end of the day, if you believe it's fine for the workers to get paid peanuts so that companies can make even more profit, then go for your lives.

We'll just keep doing what we're doing and getting paid a decent amount to do it, all the while giving few to no f**ks what people like you think of it