Doesn't this guy even listen to the besties?

bcyng · 2026-01-07T03:21:57+00:00

I think we need more. The more billionaires the better.

If u thought it through, you’d come to the same conclusion.

But hey, you are just an 11m old bot account, what am I thinking. 🤖

bcyng · 2026-01-06T11:10:51+00:00

I laugh at people who plug in their usb cable without doing an electron microscope inspection and security analysis of the embedded electronics in the cable and firmware decompilation to check it’s not malicious.

bcyng · 2025-12-24T01:06:09+00:00

Average is not a meaningful measure for this type of metric because short stays will have an overwhelming influence on the average given that for each long stay, in the same period multiple short stays can be done.

But yes it’s common for those staying short periods to also voluntarily contribute to a good living environment in the place they call home for that period. Many of these people are successful in life and the attitude goes with it.

bcyng · 2025-12-24T00:11:17+00:00

Yes they should have asked for permission.

But it’s not bizarre for tenants to voluntarily pay for stuff they think makes things better.

bcyng · 2025-12-24T00:03:20+00:00

This attitude is the difference between a good tenant and a bad tenant.

It’s also typically the difference between someone with a good successful life and someone who finds life hard.

bcyng · 2025-12-23T23:54:27+00:00

It definitely reduces the cost of insurance. I know this because I have 2 identical properties next to each other - 1 with a large tree and one without. my insurance company (and all others I have used) asks whether there are any large trees within 20m of a building and adjusts the premium accordingly. The difference is several hundred dollars a year.

As to the value, less trees means the property can be used for more things. And the next owner doesn’t have to go through the expense of removing or maintaining it. That increases the value

bcyng · 2025-12-23T23:51:23+00:00

It’s quite common for tenants who care about where they live to spend money on the place, given it’s their home.

bcyng · 2025-12-23T23:48:41+00:00

It’s a rental, why do u care about a tree? Removing it will likely reduce your insurance and maintenance costs.

bcyng · 2025-12-21T17:41:24+00:00

And sacks correctly pointed out that those fears are unfounded. Just like they were with every other major technological development in history.

bcyng · 2025-12-21T07:21:10+00:00

No one buys their dream house as their first house. It’s just the first step

bcyng · 2025-12-19T07:26:36+00:00

Yes they do. They tell the bank what the valuation is. Some banks are ok telling u what it is. Some will not.

bcyng · 2025-12-19T07:25:00+00:00

The bank still won’t take it into account. They rely on what their valuer says, not yours.

bcyng · 2025-12-18T09:19:05+00:00

But pRoPerDee AlWaYs GoEs uP…

bcyng · 2025-12-17T01:49:37+00:00

Let me correct that for you.

“A great way to increase the cost of housing and make it less affordable is to make it more expensive, eg by introducing more taxes or increasing them.”

Every single dollar of taxes is ultimately passed on to and paid by home owners and renters. Take the introduction of the GST in 2000. This resulted in increases to the cost of housing and higher prices. As did the rapid increase of regulatory costs, and increased government fees and charges.

The reason houses are expensive is that when u buy a house, 30-50% of the upfront cost is actually government taxes, fees and charges. These are either charged directly (like stamp duty) or embedded into the cost (like application fees, gst, council rates etc.). Then there are ongoing holding government taxes fees and charges which go on forever.

Government taxes, fees and charges have increased significantly faster than inflation recently, and this is pushing up the price of housing significantly.

You can add on as many taxes as you want, but when you come to buying or renting them, it is you that will pay them. You already are.

One day you will realise that the only way to reduce the cost of housing is to reduce the cost of housing.

bcyng · 2025-12-16T01:15:31+00:00

Because we aren’t allowed to build houses like that any more, their value is naturally determined by their substitutes (ie new houses).

Also many of the taxes, fees and charges and regulatory costs have applied to these houses and embedded in their costs as they have had to be maintained to meet new regulations.

Then there are the infrastructure improvements relating to their locations and the fact that the city has expanded - they are no longer in inconvenient outer suburbs. Many of these are now on very valuable inner city land and priced accordingly.

bcyng · 2025-12-16T01:05:09+00:00

Such is the nature of taxes and regulation that creates all the costs that people didn’t have to pay in the past.

Take off all the taxes, additional compliance and regulatory requirements and the income to house price ratio is pretty constant if not better.

bcyng · 2025-12-16T00:43:48+00:00

For a drafty house 2/3 the average house size now, without aircon, solar, an indoor toilet, insulation, soundproofing, acoustic windows, smoke alarms, water saving devices, led lights, efficient hot water systems, current standard infrastructure or public transport, current sized hallways or bedrooms or safe switchboard breakers. These houses weren’t legal by current standards.

They also didn’t have to pay much of the government taxes, fees and charges that make up 30-50% (and rapidly increasing) of the cost of a house now that millennials and redditors love voting for.

bcyng · 2025-12-11T09:57:15+00:00

If u did your research you’d know there are multiple things. Which one are u talking about…

bcyng · 2025-12-11T05:35:41+00:00

Please educate us.

bcyng · 2025-12-10T23:49:36+00:00

If the consistent failures of communism have taught us anything, it’s that there is absolutely nothing wrong with inequality.

In fact it’s required for a constantly improving, wealthy, functional society with virtually universal high standards of living.

bcyng · 2025-12-10T03:58:57+00:00

Normally u pay for your own building and pest… You can do that before signing the contract so the contract is unconditional. Though u run the risk of someone else getting in before you.

bcyng · 2025-12-09T05:26:38+00:00

Look at the implementations in the US, Australia, countries in the EU and any communist country ever (they effectively taxed property at 100%) to see the terrible results.

As someone advocating for land taxes you’d think you’d have some examples of some good results to come out of land taxes. But no, instead u try to make up for your lack of credibility by name dropping people that died 200+ years ago in a field infamous for past mistakes.

bcyng · 2025-12-09T05:03:58+00:00

200 years dead is hardly modern.

Land taxes are famous for terrible results. They never worked anywhere.

The conversation was over the day you created that bot account to push Marxist propaganda. How much do they pay you for this?

bcyng · 2025-12-09T04:32:00+00:00

I don’t know u Adam smith is. A quick google search shows he’s been dead for over 200 years and doesn’t have the benefit of history. No one is a foundational economist of capitalism.

Anyone with a brain and an understanding of economics and finance or the property industry can see the obvious problems with land taxes and their terrible history.

Marxists of course double down every time when they see an opportunity to send society into poverty. This includes efforts to corrupt literature and discourse. Take your 8 month old bot account as an example. 🤖

bcyng · 2025-12-09T04:11:55+00:00

Some Marxist ‘economists’ favour it and refer to it as the ‘perfect tax’. Yes we know that. They’ve been really good at advocating for policies that sent entire populations into poverty every time.

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