4 ms·
> I don't believe our purchase locked out any first home buyers, it's a tiny 1BR flat I mean, by definition that property would have sold to either a new home
by chollida1 4y ago
> I don't believe our purchase locked out any first home buyers, it's a tiny 1BR flat
I mean, by definition that property would have sold to either a new home buyer or another speculator like yourself.
And by definition, if you own a property you rent out, you are a speculator:)
i have no problem with you being a speculator:)
- wizofaus 4y agoI would if I thought I was one! A speculator I'd see as the sort of person who regularly buys and sells property hoping to make quick cash. While there is some tax regulation to discourage that here (you pay a lot more in CGT if you sell quickly etc.), I still don't think we have the settings right, it's too easy to make money if you already have it, at the expense of houses not being available to people who actually want to buy a house they can live in (who are stereotypically couples thinking of starting families etc.)
- onlyrealcuzzo 4y agoWhere did you invest in CA that the Price-to-Rent ratio isn't abysmal? Or did you buy 20+ years ago?
- wizofaus 4y agoNot in CA! And no, about a year ago now.