Subj : Re: 3.5 weeks to being la
To   : boraxman
From : Spectre
Date : Wed Jul 20 2022 06:39:00

 bo> Buying property to become a landlord is an investment.  You are differing
 bo> between short term and long term investors.  Some landlords are
 bo> developers, but for those purchasing existing stock to rent out, they
 bo> don't qualify as developers.  Even those who do buy existing stock to tear
 bo> down and build townhouses, that is primarily profiteering to take
 bo> advantage of government sponsored demand by means of high immigration and

Well duh, of course I am..about 2 generations ago now, we had a group of "new
australians" that went out and bought themselves a house, then worked on a
second one nominally for the kids, and yet another one or two after that to
keep the home fires burning.  These guys did three things, they didn't
renovate and flip, they didn't just wait on the LVR to advantageous to sell,
they hung onto the extras as a long term source of income. These are the guys
that helped keep the status quo some 30, 40, 50 years ago no..

Its the more recent I need to buy and sell for all the money I can scrounge
that have really killed things.. heavily assisting pushing pricing ever
higher.  Not to mention your extra immigration... population is the other
half of the equation. You also need to remember that building in general
keeps a large proportion of our economy afloat by employing people.

Spec


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