Given this is a non Mfc thread I'm going to go off here.
Your L.L. is probably just a greedy sod. Sounds like your doing it tough. Unless your part of the growing numbers of people leasing their paid for primary property and living in a smaller rented abode.
But possibly in his corner it's fair to consider other things have gone up that would hit his or her bottom line.
Landlord and property insurance premiums are through the roof with those who have it paying for those who don't. Not exactly fair.
I'll go without things to insure my properties for fire and disasters but some people won't. I mean some genuinely can't afford it. But I'm paying all the money increased levies that others are not.
Tbh I'm not wealthy (maybe a little on paper) and I have a small foothold in the real estate segment because my incredible father worked himself ragged to help facilitate his children get a home.
But i really want to return the favor to my beautiful children . Not mansions each. Although I love them so much that would be nice, but something that makes them smile when they come home. A sanctuary of sorts that doesn't have a mortgage that keeps you awake all night. Or one with a roof not coming down in so many rooms. And not a McDonald's manor that eats up the environment.
Just a nice little cottage with the extravagance of a second bathroom and a Pickett fence. ( No not that bloke).
Back to your Landlord.....its tough all around. Repairs are steep. I recently replaced a reverse cycle unit in one place for $2700. And I got 3 quotes with the cheapest model. The bloke installing them was really helpful explaining his costs in petrol and his offsiders wages and so forth .
But everyone is feeling the squeeze. I couldn't afford flood insurance on one property I have, because silly me bought a place that has a creek behind it. Turns out the conveyancing company didn't give me the full story but ultimately due diligence falls upon me. Caveat emptor or something like that.
Big joke on me..... premium for flood damage is 35 grand per annum. That's close to the return. I passed on that.
But I know it's tough and I'm no saint but I am happy to accept a little less than market rate if the occupants are good ( I didn't know they were pies fans.) if there was ever a valid excuse for discrimination this must be it😀
I don't actually negative gear. Well a little bit. I'm actually not a fan of it. Maybe your first property. But tax breaks for people to accumulate a portfolio of plenty of places isn't really helping the average punter buy a home . And home ownership is an essential piece of the Australian dream. Without this it creates the stress of eviction and who wants that hanging over you and your family's heads. A man's home is indeed his/ her castle and a necessary bit of the fabric of happiness.
The delight in mowing one's lawns, painting the walls, putting on a deck or even dreaming about renovations are such a huge bonus for happiness.
Yea home repairs and costs and mortgages are stressful but much less so than being homeless. I've had mates in this ship and it's not pretty.
I'm clearly not anti class, but negative gearing on a large scale isn't fair. I can't imagine the horror of homelessness.
Prior to my current business I used to work in sales... in particular for a decade, a real estate agent. It used to bowl me over when people would put down 5 % and borrow eye watering amounts. I'm sure a lot of those now would be suffering.
We also possibly need to wonder about the number of new arrivals vis a vis the number of new homes being built. A delicate subject. I think this is going to come to the front in this forthcoming election. Australians are generous and caring people but it's difficult to find room and time for other considerations when your belongings are about to be piled up upon the footpath by some hard nosed sheriff just doing his job.
Back to the footy. Some of these blokes don't get how lucky they are to be kicking around a salary that could see them buy a house outright in a third of their time just kicking a ball. Best of British luck to them because it's the greatest game in the world. And Aussies have always dreamt of home ownership. It's what helps make this place the greatest country in the world. And I definitely want this country to stay the greatest one in the world. So it's important we look at all this.
Tx for listening.
Go Oz.
Go Dees.
Spargo has been horrible with his disposal. And I've never seen so many handballs made in sheer desperation. Nice kick from Disco let's hope he's the difference. Cos it ain't Fritta and doesn't look like Jvr will be. And even if we moved Tracca fwd, he can't score. These look away handballs are atrocious.
