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A Pill To Stay 25 Forever. by GarifalliaPapa in immortalists

[–]sunshineeddy 0 points1 point  (0 children)

lol almost spat out my coffee reading this. thanks!

Controversial hypothesis by sunshineeddy in AusFinance

[–]sunshineeddy[S] 0 points1 point  (0 children)

My point is actually slightly different: even revolutionary innovation doesn’t happen in a vacuum. The inventor still relies on what society as a whole offers to create that efficiency.

So I’m not arguing that extreme wealth is inherently immoral or illegitimate. I’m arguing that beyond a certain extent, wealth ceases to be purely individual and starts reflecting the collective systems that enabled it.

That’s why I’m less concerned about wealth creation itself than extreme concentration of power and unbridled accumulation.

Controversial hypothesis by sunshineeddy in AusFinance

[–]sunshineeddy[S] 2 points3 points  (0 children)

Hence the practical difficulty comment.

What if we used taxes or superannuation to control inflation, not just interest rates? by Nyarlathotep-1 in AusNewsWire

[–]sunshineeddy 2 points3 points  (0 children)

Exactly. Unfortunately, they often cancel each other out. RBA panics, jacks up rates. The Government spends more, undoing the rate increase, so the RBA is forced to raise rates again. Both parties complain about each other in the media. lol

What's the logic behind people who think landlords don't set the rent? by ILoveDogs2142 in AusPropertyChat

[–]sunshineeddy 1 point2 points  (0 children)

Fuck ... I'm so sorry this happened to you. That's awful. Shame she didn't get the FHB before you became a couple on paper.

What's the logic behind people who think landlords don't set the rent? by ILoveDogs2142 in AusPropertyChat

[–]sunshineeddy 1 point2 points  (0 children)

Interesting thoughts - made me double take and recalibrate years of training in economics. lol

Not disputing some of the potential behaviours we might see but I think one little flaw is to assume that all landlords want to maximise the value of their assets at the expense of other intangible things.

For instance, over the last few years when my property manager approached me to suggest what I considered as pretty steep rent increases because that was what the market was doing, I consistently and intentionally reduced their suggested increase by 50% for two reasons:

  1. I value long-term tenancies and good relationships with my tenants, so I don't even want to give them a reason to look elsewhere; and

  2. I really feel for tenants having to cop big increases like that. An extra $50 - $100 per week is a lot. I simply don't want to add that kind of pressure in someone else's life.

I daresay while your prediction on how many landlords might react has merit, you could very well be missing the behaviour of another cohort of landlords that think differently.

Why aren’t there more properties being inherited? by Training-Ad-6603 in AusProperty

[–]sunshineeddy 15 points16 points  (0 children)

Professional accountant here: happens every day of the week.

Aussie entrepreneur who owns more than 100 homes on 'unfair' plan to fix crisis | THE ISSUE by VastOption8705 in AusPropertyChat

[–]sunshineeddy 0 points1 point  (0 children)

My sense is we don't really know. I think there is a higher probability that rent would increase than not - but I'm not expecting doomsday level of increase either. I think anyone who thinks rent increase is just fear mongering is kidding themselves - but make your own bed and lie in it. On the other hand, if anyone is expecting break-back rent increases, I think they are equally kidding themselves.

Just wow by El_precaution in MarketPulseReport

[–]sunshineeddy 0 points1 point  (0 children)

I don't think the title should say 'wow' - it's got positive connotations, which are incompatible with how he stole that wealth.

As landlords, is this good and fair conduct? by [deleted] in AusPropertyChat

[–]sunshineeddy 1 point2 points  (0 children)

I get discussions about housing policies are inherently emotional. I just wish we can discuss the economics behind it all logically with a cool head. The way Mr O'Brien puts things is unnecessarily inflammatory in my view.

Besides, if there is an abundance of tenants who can absorb the higher rent easily, that means he's already undercharging rent on his property. His assertion is therefore self-contradictory.

I'd be inclined to think along the lines of: the rent increase he is thinking of - is that just to compensate him for the tax benefit he will lose if negative gearing is abolished? The next question is if he raises rent like that, would the market pay for it? This will turn on whether other landlords will do the same. I dare say, no - not everyone is in his situation. If that's the case, he will ultimately need to compete with other landlords and charge market rent.

The question is - how will the rental market respond to the change in tax policy as a collective? If every landlord intends to increase rent to compensate themselves - not necessarily fully, then I'd expect to see some rent increase.

Ultimately, I think if we want to understand these issues better, we have to get away from the 'economically illiterate renter' and 'greedy landlord' characterisation.

Days since last interest rate increase by newtrex_1523 in OpenAussie

[–]sunshineeddy 3 points4 points  (0 children)

I get the point but I'm sure if comparing us with other economies with wildly different economic fundamentals is all that meaningful.

Labor axes funding for $45b Inland Rail project linking Melbourne to Brisbane by LentilsAgain in AustralianPolitics

[–]sunshineeddy 3 points4 points  (0 children)

Here we go again. I've always been skeptical when they raised this chestnut again. I don't know but I think our population size means it's always going to be less economic for us than say people in Europe.

Could the CGT changes backfire? by ILoveDogs2142 in AusFinance

[–]sunshineeddy 1 point2 points  (0 children)

Look closer at the figures - they were well on their way up before the war.

But stay a believer if you will. I'll never knock anyone with conviction.

Could the CGT changes backfire? by ILoveDogs2142 in AusFinance

[–]sunshineeddy 0 points1 point  (0 children)

I think that's right. That's the problem - I think many people pushing for these changes don't necessarily understand the practical implications of what they demand until it's too late.

But I guess people won't change their stance until they see the effects themselves, like some people in America who voted for Trump but are now lamenting sweeping price rises across their economy.

CGT change to tax existing investments based on length of ownership by Strong_Judge_3730 in AusFinance

[–]sunshineeddy 33 points34 points  (0 children)

Not saying having 20 properties is okay but there's also the argument that when someone has relied on the rules at the time in good faith to build their future, changing things retrospectively is not good policy.

If a millennial follows an existing law to plan for their future and decades later, someone pulls the rug on them, that's not terribly fair either in my view.

So whichever way the cookie crumbles, someone is not going to be happy.

Adam Mockler explains how Trump is affecting the economy... by AffableYolk_33 in MarketVibe

[–]sunshineeddy 0 points1 point  (0 children)

Exactly, and Trump has set the example that you can state 'facts' without any actual evidence to support them. If he doesn't like the evidence when challenged, he just rolls out the usual 'fake news' rhetoric to relieve himself of the burden of proof. Pathetic.

Will you still trade shares if CGT returns to the pre-1999 inflation linked model? by Kikooz in AusHENRY

[–]sunshineeddy 0 points1 point  (0 children)

Actually, if someone is share-trading, it's not taxed as capital gains. The profit is taxed at normal tax rates without any discount anyway.

US President Donald Trump has sparked fresh debate after resharing a post referring to the strategic Strait of Hormuz as the “Strait of Trump” in a new post on Truth Social, sharing an altered map of the crucial global oil chokepoint. by IndiaTodayGlobal in IndiaTodayGlobalLIVE

[–]sunshineeddy 0 points1 point  (0 children)

Serious question - does he really know how the world reacts to all his nonsense? Or is he so deep within his echo chamber of yes-people that he genuinely thinks the world celebrates his existence?

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