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And places like Sydney are expensive in no small part because of issues like negative gearing and zoning controls, all in direct control of the government. Also
by Guthur 5y ago
And places like Sydney are expensive in no small part because of issues like negative gearing and zoning controls, all in direct control of the government. Also the government is under no incentive to change the status quo because like any good mafia they take their cut of every transaction with stamp duty "oh you two want to trade, where's mine?".
- PebblesHD 5y agoYou’re not wrong, but I would hope that by the time we work ourselves into a situation where there is no unskilled labour within commuting distance of where the work is, the government might finally realise that lack of workers is bad for business, which seems to be the main concern. I’m still wondering if we will reach a point where normal people don’t have any disposable money to spend in shops because it’s all going to landlords and utilities/basics, and if at that point they might go ‘oh wait that’s bad’
- killtimeatwork 5y agoI can't really see politicians allowing the inflated housing market to deflate. So many people will lose years/decades worth of saving this way - that would mean a lot of angry voters, not to mention another potential banking crash, as mortgages would no longer be backed by houses of enough value. I think high housing prices in developed world are going to stay with us for a long time.
- RNCTX 5y ago[flagged]
- Guthur 5y agoSorry I'm not sure what nonsense you're implying.
- dang 5y agoBreaking the site guidelines like this will get you banned here, regardless of how wrong someone is or you feel they are. You may not feel you owe them better, but you owe this community better if you're participating in it. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- Guthur 5y agoPlease can you illuminate me on what rule I actually broke, the OP was implying something about me that was unsubstantiated and in my view clearly nonsense?
- dang 5y ago"When disagreeing, please reply to the argument instead of calling names. 'That is idiotic; 1 + 1 is 2, not 3' can be shortened to '1 + 1 is 2, not 3." "Have curious conversation; don't cross-examine." "Be kind. Don't be snarky." Note that if we go to your GP comment and take out the parts that break those guidelines, there's nothing left of it. That's a good clue, actually - it means you probably shouldn't have replied. The parent comment was obviously breaking the site guidelines and should have been flagged and left alone. That's another guideline in fact: "Don't feed egregious comments by replying; flag them instead." a.k.a. please don't feed the trolls https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- RNCTX 5y agoCorporations are the government. Trying to pretend like one is in any way contrary to the other in industrialized nations is a display of your own naïveté.
- dang 5y agoPlease stop posting flamebait/or unsubstantive comments to HN, and please stop using the site for ideological battle. You've been doing this repeatedly lately, and we ban that sort of account—regardless of what they're battling for or against—because it destroys what HN is supposed to be for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html