Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day.
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Key sentence in an interesting NZ article on the housing mess:
‘Ironically, overactive central banks and timid governments over the past decade are partly what got us in this mess to begin with.’
‘Lots of words, not much action – Jenée Tibshraeny on what making the RBNZ consider house prices means for you’
https://www.interest.co.nz/opinion/109272/lots-words-not-much-action-jen%C3%A9e-tibshraeny-what-making-rbnz-consider-house-prices
As expected, Biden is ramping up the activities of the military-industrial complex; this time yet another attack in a sovereign nation that doesn’t want the Americans there.
Whether the attack is a continuation of the failed strategy to take control of Middle East oil -that dates back to the 1950s- or whether it’s to test the latest technology on live subjects is impossible to us to determine.
https://www.zerohedge.com/geopolitical/moscow-blasts-extremely-outrageous-strike-syria-biden-stays-silent
The curse of Landlordism in the U$K:
Dzogchen Yogi
Dzogchen Yogi
1 hour ago
Wholeheartedly agree with the passionate denunciation of landlordism. Germany is tackling this problem through rent freezes. There is also serious talk of expropriating large residential landlords, taking properties back into public ownership. None of this has been much reported in our media. We need some radical solutions to solve the housing shortage crisis.
View from 1hour:05 minutes onwards https://www.youtube.com/watch?v=HG8SPWhNFbU
Bloody nora, hard to be a fan of peace when Biden can’t even go a 100 days without booming.
https://www.bbc.com/news/world-middle-east-56205056
On the plus side, no one can now deny that the democrats’ are war pigs now – without some rather odd mental gymnastics.
It’s time to end lending to investors for property purchase (unless it’s a property development – increases housing stock). Then we can leverage historic CG to increase investment in supply.
And as an interim measure before such a law – apply a stamp duty for property purchase not for personal use. At $50,000 on a $500,00 home to 100,000 for a $M and above, where a loan is used.
Mom and Dad investors can be told they can form partnerships to buy property without debt and share the rent returns.
I would just like to expose the disinformation peddled to and promoted by the MSM.
It was supplied by that neo-liberal cesspit MBIE.
They say 90% of property investors are Mom and Dads – with 1-3 (80% only having one property). The ones the really big CG bloodsuckers hide behind.
The most telling statistic and one they do not state is this.
These 113,000 investors own around 140,000 properties. The other 7000 (4 and more) own much more around 206,000 (these numbers are not supplied, but from what is given are rough estimates).
Even amongst investors there is huge inequality.
The official narrative is that Mom and Dad investors are just saving for their retirement (I’ll guess most of these homeowners will work while collecting super so they can maintain their lifestyle) – but they are often borrowing the money to do so to take advantage of untaxed CG. And they are ensuring only they have the resources to support their children into home ownership.
7000 at the top hiding behind Mom and Dad investors.
113,00 families hiding behind those who just own their home and its value gain.
It’s the only oligarchy in the world based around owning residential property.
The British had the class system, the South Americans had the whites and the Mestizo, while we the once home owning egalitarian democracy have created our own – aided by banksters who profit from the greed of this oligarchy and built on genocide of Maori.
When will the landless peasants/homeless revolt?
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