MyNameIsIgglePiggle @ MyNameIsIgglePiggle @sh.itjust.works

Posts

6

Comments

398

Joined

2 yr. ago

Ironically, that was my exact experience in the current system. The landlord student lived upstairs, demanded rent, and kicked people out on a whim. I like the other person's suggestion about a co-op

In Canada there are 15m private dwellings and 38m people.

That's one house for every 2.53 people.

I have 5 people in my house (wife, 3 kids)

I think there is plenty to go around and it's not a shortage thing.

Housing is considered affordable if it's repayments and maintenance is 30% of your income.

So a median income in your area should see a median house price at around that. I did a bit of maths and it's around a 4x multiplier given current interest rates in my area.

Also consider that everyone needs a home, so median is not the cheapest available.

In my suburb the multiplier last year was 7.5x, and I just did a check and the cheapest available housing listed is 6.5x

So you are totally right, there needs to be a massive shift

There's no reason why buying or selling a house needs to be any harder than renting a house. The default should be owning your home and paying it off. Just like the default is owning your car. Sure, you rent a car on holidays or if you need something very short term, but you buy a car if you need it more than that.

So there are two things we need to do:

Through taxation make multiple dwelling ownership a thing of the past. Plus ban all corporate ownership of residential houses. The only exception to this rule is new builds until they are sold to a private buyer.

Transferability- if you need to move and buy a new house, your old property goes into a no reserve auction pool run by the government. This same pool is probably where you get that new house you are looking for.

Together these should bring the market down to sane levels and also create greater variability in house values - really prestigious properties will continue to sell for more, but bog standard suburban sprawl would be affordable and we would no longer need rentals.

Tell me you're Australian without telling me you're Australian

Yeah, that was my thought as well - I can't believe it's so high

Everyone's always blaming the rats

Except in this one instance where it would be delicious

They want a million dollars (AUD) for 1000m2 of farmland where I am, 1 hour commute to the nearest city

It's on a flood plane

It's advertised to people to use as "land banking" on the off chance that it might get rezoned in the next 20 years.

No problem with builders making money.

Why don't I just erect an estate? Land is too expensive here, not the buildings. Very hard to make new land.

Of course, if you had been hoarding, you also would not have used anything on the king

What was all that shit about in the 90s then?

Spending.money on real estate with the expectation of profits is the problem in all of this.

Housing should not be an investment

If I was to open up a classic video.game arcade and run it entirely on downloaded roms is someone coming to take me down?

Also in this case I suspect racism

Too fragmented. I want my piracy all in one sea

Perfectly describes my adhd

Lol yeah. Op needs to realise we are just throwing shit at the wall and waiting for the next new tool we have to learn this week

He is like a reformed jack and the Beanstalk, except this time he was immoral

In my experience,

Yes.

telling you about how much experience they have are the least competent

Oh