Is our 2 party system just a con?

[Siso]

T least he took his gst to an election

[Marty_d]

So when circumstances change, you would rather the government of the day either stuck to their election promises or call an election every time they needed to pivot?

What the hell do we elect them for then?

When Howard and Costello brought in the CGT discount in 1999 (from which the wealthiest 10% get 80% of the benefit), did they take it to an election?

Edited yesterday at 02:51 AM by Marty_d

[Siso]

There is a difference when things change. They were asked several times during the election and they said flat out NO. Not much has changed since the election. Housing has been an issue for a long time now. 

 

As far as the Howard and Costello thing, Like I said they are all the same and we should get and expect better.

[Marty_d]

It's not just housing. The ratio of working age people to retirees continues to drop. It's only fair that income from assets is taxed at the same rate as income from labour.

[facthunter]

As long as you deduct the amount equalling the rate of Inflation over the Period under consideration , it's fair. The rich can afford tax dodges.  Nev

[randomx]

When housing is 71/2 to 101/2 the average wage when it's meant to be 3 and 4x av wage and a couple of our cities the most expensive in the world and we're still 1mil houses short but meanwhile let in over 2mil immigration and we have more homeless than ever in history and talking whole generations missing out on owning their own home ever , well  !

 

Yeah there's other things too, like record by "double" in small business going under, 1000s of our brightest minds leaving the country yrly or 70,000 builders just in the last 12mths going under, but you know, you'd have to be one selfish self-centred zero sighted AH not to be v v v concerned about our housing and people.  

 

 

Edited yesterday at 08:58 AM by randomx

[facthunter]

We have some of the Biggest Houses in the world and they Produce Nothing. Factories Produce things. Abbot and Hockey Booted the  Auto Makers out quite unceremoniously, and the accessories Industry disappeared over night.. with it. Abbot said they should get 'DECENT' Jobs.  What a Twerp.   Nev

[randomx]

Median house price mean the average . But if you think your country and people having the security of their own home, and houses being built means and produces nothing,  well, wouldn't even know where to begin.

 

As for the rest, fully agree. All our Govs have been destroying it all for decades.

No idea why .

Edited yesterday at 09:34 AM by randomx

[pmccarthy]

Mean is the average. Median is halfway down the list between the highest and the lowest.

[old man emu]

50 minutes ago, pmccarthy said:

Mean is the average. Median is halfway down the list between the highest and the lowest.

It's nice to know someone has a knowledge of the various terms used in Statistics. 

[randomx]

Yep, lets all get all technical on bullshit that doesn't even matter.

Out of everything said and going on in your country, you two are all caught up on some bullshit term that means much the same thing anyway.  🤣

 

Edited yesterday at 11:16 AM by randomx

[red750]

9 hours ago, randomx said:

some bullshit term that means much the same thing anyway

No it doesn't. Take 12 houses for sale, 10 @ $1m, 2 at $600,000.

The average (mean) is    10 x $1m + 2 x $600K = $11,200,000/12 = $9,333,333

The median is $1m + $600K =$1.600K / 2 = $800K

 

[randomx]

Ohhhh crikey. Who givsaneff.

So what, with all that fancy twisting and turning end of the day, you reckon what 7.5 to 10.5 - some stats say 8.5 to 11.5 x the "real" average wage to buy a house in your country,with whole generations and families missing out, is all good eh. 

Not to mention all the other stuff going down the toilet.

 

l don't think too many people round here have younger kids or have ran businesses.

 

 

 

 

Edited 16 hours ago by randomx

[nomadpete]

Yeah, but half the families around me when I was a kid, couldn't afford a mortgage, either.

 

Yes, I'd like to see better housing availability.

 

And I'd also like to see fewer entitled people expecting someone else to solve their problems for them.

[old man emu]

Sorry, Red, but you have it wrong. The mean is the mathematical average of all numbers in a data set. The median is the exact middle value of a data set when the numbers are sorted in order. 

 

Here is an illustration where the an original set of scores has two more included. In the illustration, the numbers 75.5, 83, and 41 &90 are obtained from the original data. The numbers 73.1, 82 and 42 are what one gets after inculding the two extra scores. 

1 hour ago, randomx said:

Ohhhh crikey. Who givsaneff.

We give a stvff because a lot of us here have decided that accuracy in posts is important. That is why we like to see where the support for a comment comes from. In my post here, the diagram comes from a Google search for the difference between 'mean and median', as well as the fact that back in the day I did a course in statistics at Uni, and the topic is usually included in high school Maths.

 

[red750]

Never went to uni.

 

Like it or not, some people will never own a home. Some live in rentals all their lives.   

 

The problem is there are not enough homes to buy or rent. Who builds the rentals?

 

Investors.

 

And if you punish the investors with too heavy taxes, the rentals don't get built.

 

I guess I should consider myself lucky. I bought my first house in Sydney a few months after I got married in 1972. As the manager of a bank's computer centre, I got bank finance. In 1978 I was transferred back to Melbourne, where I bought my second house. 

 

I paid that house off with my long service leave pay when the bank amalgamated and as an employee of the minor partner, I was retrenched. I had worked for the bank for 29 years. I still live in that second house, so increasing mortgage interest rates or rentals don't affect me.

[randomx]

1 hour ago, nomadpete said:

Yeah, but half the families around me when I was a kid, couldn't afford a mortgage, either.

 

Yes, I'd like to see better housing availability.

 

And I'd also like to see fewer entitled people expecting someone else to solve their problems for them.

 

lf they couldn't afford it then at the normal 3 and 4 x the average- there's that word again, oh no- how would they have been at 7-11x av wage. 

 

But eh, as per Reds last one, l rest my case. Many here are missing the points and have been out of the real world that s these days 20yrs.

l bought my first place at 25. 37acs an hr out of Melb.

Same time l was running a business l built myself at 23, plus paying rent on a unit in Melb . No way on this earth l could do any of that now at 25, not one hope in hell.

That same block l bought back then is now 600k. Rents are 2000 a mth min and there's so much red tape and taxes and costs and regulations in starting and running any business now you could never do what l was doing back then at 23.

Not one hope in hell.

 

 

 

 

 

 

 

 

 

 

Edited 14 hours ago by randomx

[randomx]

Anywayyyyy, same same.

None of this bsing on here does one damn thing.

As l said a few pages back.

Forget all your gripes and begrudging of whatever you think of the younger generations now and l actually agree on some of it with a good portion of them myself anyway.

IT's about our useless pollies and them running our country into the dirt.

And that's all in the numbers, easy peasy, they're a disgrace and they're destroyng what's left of us, simple as that.

Edited 14 hours ago by randomx

[randomx]

Oh, l was also paying rent on my little factory plus travelling up and back to my block 3x a wk plus forking out on materials and building l was doing on the place.

Plus, l built a second business and ran the both up until last yr my whole working life.

Edited 13 hours ago by randomx

[pmccarthy]

Our current home has doubled in value (at least) since we bought it nine years ago. We are in a very small rural town, you could call it a hamlet, and I can see no reason for that sort of increase. Fortunately, all our five kids are now approaching or past 50 years old and have paid off their hex debts and most of their house costs, but the grandkids are entering a very different world.

[nomadpete]

2 hours ago, pmccarthy said:

Our current home has doubled in value (at least) since we bought it

I say the same thing. However, although the sale pricing of the property has doubled, the value hasn't really changed since the money (if I sold right now) doesn't buy a more grand place.

 

Capital gains are only realised by wealthy speculators who buy multiple properties.

[facthunter]

Inflation negates capital Gains. Nev

[Marty_d]

6 hours ago, red750 said:

Never went to uni.

 

Like it or not, some people will never own a home. Some live in rentals all their lives.   

 

The problem is there are not enough homes to buy or rent. Who builds the rentals?

 

Investors.

 

And if you punish the investors with too heavy taxes, the rentals don't get built.

 

I guess I should consider myself lucky. I bought my first house in Sydney a few months after I got married in 1972. As the manager of a bank's computer centre, I got bank finance. In 1978 I was transferred back to Melbourne, where I bought my second house. 

 

I paid that house off with my long service leave pay when the bank amalgamated and as an employee of the minor partner, I was retrenched. I had worked for the bank for 29 years. I still live in that second house, so increasing mortgage interest rates or rentals don't affect me.

If investors only BUILT new houses for rental there wouldn't be an issue.

But they buy up existing housing stock which pushes prices beyond the reach of owner occupiers.

[onetrack]

Investors buy homes, then keep them empty so they don't have any hassles caused by tenants, nor any decrease in house condition because of tenant wear and tear. There are thousands of empty houses in Australia, all owned by investors who are gloating on the capital increase in value of those homes. Better than money in the bank and all the outgoings are a good old tax deduction.

Something has to change, or there will be a revolution - and Labor know it. The other parties think they can keep handing out benefits on a plate to housing investors.

 

And what about the family home being exempt from any taxing at all? Buy a multi-million dollar house, spend more millions making it twice the size (and three times the selling value), stay in it for a year or two, call it your home - sell up and make millions tax-free. There should be a value limit on the family home, and the time living in it needs to be extended.

 

There are dozens of houses around where I live that have all been extended to 7 or 8 bedrooms and 2 stories, and they hold 2-4 people - and the owners are sitting on multi-million dollar capital gains, totally free of virtually any kind of tax. That stinks.

[Litespeed]

The last census showed approx 1 million homes unoccupied on census night.

 

That shows a lack of homes is not the issue but house hoarding. A clear case of a broken and unethical taxation regime.