Nerfonomics

pink poodle

pink poodle

気が狂っている男
steve jobs' pancreas said:
if the causes of inflation are wages growth, high levels of employment, services inflation, housing price growth and lack of labour productivity growth interest rates really do seem to be as blunt AF in controlling it

The only direct hit is house prices, however with the pass through to renters which then feeds back into inflation even this seems shit to me
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You may feel like that, but as a mega land lord the rises in interest are actually good for me. The more interest deductions I can claim the less tax I pay. Fuck if it gets high enough I may even generate some strong losses to carry forward and bring down a future capital gains amount. The best bit is one of it really costs me anything.
 
LPG

LPG

likes thicc birds
So people with plenty of money keep spending but people who are struggling to keep their head above water are still doing their best to not be living on the street... Maybe interest rates aren't the best tool here.

Wouldn't it be great if they could use some sort of variable rate based on how much income someone had... Like maybe increasing the tax rate for those over a certain level. That way the money goes to the government to be spent on us via infrastructure, education and maybe even an increase to Newstart etc. Instead additional money from interest rates goes to the banks to give back to their shareholders. It shouldn't be that hard to sort...
 
dancaseyimages

dancaseyimages

Mountain bike pornographer
pink poodle said:
You may feel like that, but as a mega land lord the rises in interest are actually good for me. The more interest deductions I can claim the less tax I pay. Fuck if it gets high enough I may even generate some strong losses to carry forward and bring down a future capital gains amount. The best bit is one of it really costs me anything.
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Your lucky to be a landlord.
 
Flow-Rider

Flow-Rider

Burner
pink poodle said:
You may feel like that, but as a mega land lord the rises in interest are actually good for me. The more interest deductions I can claim the less tax I pay. Fuck if it gets high enough I may even generate some strong losses to carry forward and bring down a future capital gains amount. The best bit is one of it really costs me anything.
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This is the type of BS that the Greens sprout, ATO released figures that 71% of investment property holders earn under 100k and most hold one rental, so 30cent in $1 they get back that they spend and minus the rental income, that's fuck all of their holding costs, and roughly 50% of the total rental investors pay tax on the rental income because they're positively geared. Negative gearing is used on anything from commercial real estate to buying shares not just residential housing. Getting rid of NG is going to do bugger all for rentals, if anything it will drive rents higher.
 
Jabubu

Jabubu

let you google that for me
I'd like to see Government owned housing framed as anything else but welfare. It should be framed as a Government owned business like banking and air travel used to be.
 
dancaseyimages

dancaseyimages

Mountain bike pornographer
Jabubu said:
I'd like to see Government owned housing framed as anything else but welfare. It should be framed as a Government owned business like banking and air travel used to be.
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And means tested, in Canberra its so cruisey the houses we used to allocate to certain demographics then they would be fully funded university placements in certain fields (nursing for one) then they can work and stay in their place of residence for the a maximum fee that was 1/4 of the market rate for the rest of their life.
Yes there are some people that need it but the majority we had to deal with 'fast tracked' through the rise of population.
 
Flow-Rider

Flow-Rider

Burner
Jabubu said:
I'd like to see Government owned housing framed as anything else but welfare. It should be framed as a Government owned business like banking and air travel used to be.
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Anna Palaszczuk sold off most of the social housing in Qld because she knew how much it costs to run and tried to push it off into the private sector. What they did is just criminal, she grew up in the same area as I did and it was a large Housing Commission area, there was more public housing than private at one stage ( 'Housing Commission' is what they called social housing in Australia at one stage), her father was an MP in the area just like she was for many years.
 
Haakon

Haakon

has an accommodating arse
pink poodle said:
No luck about it...just hard work and nose to the grind for the hustling alpha life. You can subscribe to my channel and learn how to do it too, if you aren't a beta male.



Or at least I think that's how those spiels usually go?
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Bootstraps FTW.
 
Flow-Rider

Flow-Rider

Burner
LPG said:
So people with plenty of money keep spending but people who are struggling to keep their head above water are still doing their best to not be living on the street... Maybe interest rates aren't the best tool here.

Wouldn't it be great if they could use some sort of variable rate based on how much income someone had... Like maybe increasing the tax rate for those over a certain level. That way the money goes to the government to be spent on us via infrastructure, education and maybe even an increase to Newstart etc. Instead additional money from interest rates goes to the banks to give back to their shareholders. It shouldn't be that hard to sort...
Click to expand...
Govt spending is what makes inflation rise also though, it's just like when they gave the first homeowner grants and builders put the price up of new homes.
Banks are just another lever of crooks, have a look at how much bank CEOs get paid, they couldn't cap that to under 1 mil?
 
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jrewing

jrewing

Eats Squid
pink poodle said:
You may feel like that, but as a mega land lord the rises in interest are actually good for me. The more interest deductions I can claim the less tax I pay. Fuck if it gets high enough I may even generate some strong losses to carry forward and bring down a future capital gains amount. The best bit is one of it really costs me anything.
Click to expand...
you seem proud of that. But it’s a big picture and not many, and especially the ones who need help are winning. In fact being punished.
mega-landlord dude…you ain’t winning you are just having little bonuses with it. Short sighted mate and not sympathetic to people in need.
 
pink poodle

pink poodle

気が狂っている男
jrewing said:
you seem proud of that. But it’s a big picture and not many, and especially the ones who need help are winning. In fact being punished.
mega-landlord dude…you ain’t winning you are just having little bonuses with it. Short sighted mate and not sympathetic to people in need.
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Those people are my stepping stones to success. What you may have overlooked is that we are returning to a feudal society. The serfs will tend my fields and maintain my trails while I ride my bike!
 
jrewing

jrewing

Eats Squid
pink poodle said:
Those people are my stepping stones to success. What you may have overlooked is that we are returning to a feudal society. The serfs will tend my fields and maintain my trails while I ride my bike!
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Yeah whatever pretend wealthy person. You ain’t rich.
 
wesdadude

wesdadude

ウェスド アドゥーデ
You got taken by Poe's Law @jrewing.

The problem with making money more expensive is it makes pretty much everything more expensive. The curve that really needs fixing is supply.
 
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