In Australia, every Federal election, the major political parties promise housing and jobs, without fail. With the exception of the globally-weird post-pandemic situation of low unemployment, these are perpetual promises that go nowhere. Housing affordability… Read More »The Fear of Housing Oversupply
Two words that would have (almost) the whole planet celebrating, if we could pull it off. Debt has been a very useful tool for growing the economy and society, and has been a fundamental aspect… Read More »Ending Personal Debt
Aside from the obvious – a pint of beer costs a poor person a greater percentage of their income than a rich person – maybe inequality is causing a visit to the pub to become… Read More »Beer and Inequality
Note permit, not tax. But essentially the same thing. One big cause of inequality is from property ownership versus renting. Especially where people or businesses own multiple properties. They gain from increased property prices that… Read More »Non-resident Property Permits
It is happening all around the world… tourist locations are struggling to have enough accomodation for their local residents, particularly low-paid workers. It will work itself out in the long-term, because tourism needs workers, and… Read More »Short-term rentals and Inequality
In Australia, property owners receive two distinct tax advantages: Negative Gearing: If your rental property runs at a loss, that loss can be used as a tax deduction against other income. Effectively that means that… Read More »Negative Gearing: Tax Cut for the Rich
New legislation brings in a range of new, socialist polices designed to make rental properties more available and more affordable: High tax on houses left empty Investment funds cannot own public housing Capped rent in… Read More »Spain Makes Landlords Pay