+ Reply to Thread
Page 1 of 5 123 ... LastLast
Results 1 to 10 of 47
  1. #1
    Join Date
    Mar 2008
    Posts
    3,532
    Thanks
    1,313
    Thanked
    1,390
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Investment properties

    Do you think there should be a limit on the number of properties one person is allowed to own?

    Why/why not?

  2. #2
    Join Date
    Dec 2008
    Posts
    10,618
    Thanks
    905
    Thanked
    1,482
    Reviews
    19
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    No. Why should there be? If someone can afford many properties then good for them.

  3. The Following 2 Users Say Thank You to MothersMilk For This Useful Post:

    atomicmama  (13-12-2012),Blessedwith3boys  (13-12-2012)

  4. #3
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    not unless there was a massive housing shortage

  5. #4
    Join Date
    May 2011
    Posts
    7,878
    Thanks
    3,397
    Thanked
    5,160
    Reviews
    8
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    No. Because I'm not a socialist. I believe in some socialist ideals but not this one.

  6. #5
    Join Date
    Mar 2008
    Posts
    3,532
    Thanks
    1,313
    Thanked
    1,390
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    I wouldn't exactly call myself a socialist either, although I also agree with some socialist ideals.

    I don't know... it's just something DH and I have been wondering about.

    It might not even make much difference in the long run, but *sometimes* the whole system just seems really greedy to me. I really hope I don't offend any landlords reading this... I'm not even talking about having one or two investment properties. Also, I'm sure there are many, many decent and fair landlords out there.

    I've probably completely put my foot in my mouth, I'm just thinking out loud really.

  7. #6
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    I am a firm believer in public housing and it being controlled. We don't live in that kind of society though The system is very greedy, but it seems to be what people want.

  8. The Following User Says Thank You to Benji For This Useful Post:

    wrena  (13-12-2012)

  9. #7
    Join Date
    Oct 2011
    Posts
    1,935
    Thanks
    393
    Thanked
    1,325
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default Investment properties

    I've not thought about this before.

    I don't think there should be limits on capital accumulation.

    I do think there should be very stringent protections for tenants so they don't become at the mercy of landlords, and that we should be careful that there aren't unfair barriers to property ownership (for first home buyers etc)

  10. The Following User Says Thank You to Chew the Mintie For This Useful Post:

    Guest654  (13-12-2012)

  11. #8
    Join Date
    Jul 2010
    Location
    The Kimberley WA
    Posts
    4,622
    Thanks
    916
    Thanked
    1,180
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    No, why should there be? If people can afford to have numerous investment property's to better the future of their family we should be able to.

    I do think the system needs to be changed though to make it fairer for the landlords though. The saga one has to go through to evict tenants that aren't doing the right thing or paying their way is pathetic.

  12. #9
    Join Date
    Jun 2005
    Location
    At the beach
    Posts
    10,495
    Thanks
    1,430
    Thanked
    9,003
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Awards:
    Busiest Member of the Week - week ended 17/10/14100 Posts in a week
    I don't know how it could be enforced. You can buy houses in the name of a company, an individual, or many individuals together (so long as you can wear the tax consequences of how you do it).

    If people work to obtain wealth so long as it's invested legally why should it matter how they spend it? I might be missing something but what's the problem with it? I should disclose until recently we had 2 investment properties and will again have 2 in the next 12 months. We don't get a negative gearing tax benefit as rent is strong.

    The way we see it is these are our kids' investments for the future, and will hopefully mean we won't depend on welfare when we are old.

  13. The Following User Says Thank You to Sonja For This Useful Post:

    Blessedwith3boys  (13-12-2012)

  14. #10
    Join Date
    Mar 2008
    Posts
    3,532
    Thanks
    1,313
    Thanked
    1,390
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Chew the Mintie View Post
    I've not thought about this before.

    I don't think there should be limits on capital accumulation.

    I do think there should be very stringent protections for tenants so they don't become at the mercy of landlords, and that we should be careful that there aren't unfair barriers to property ownership (for first home buyers etc)
    Yes, I agree theire should be proper protection for tenants.

    But what about the current prices? For both home ownership and renting? Do you think investors have had an impact on the huge amounts of price inflation we have seen over the last couple of decades?

    It just seems that the rich get richer and the poor get poorer. It's no longer enough just to work hard and earn an average or even slightly above average income.

    I guess it's just reality.


 

Similar Threads

  1. Replies: 114
    Last Post: 11-08-2012, 09:36
  2. Sheds in rental properties?
    By GreenMama in forum House & Gardens
    Replies: 4
    Last Post: 05-02-2012, 19:33
  3. Investing in investment properties, do you have one, or two or more??
    By Mumma2threecherubs in forum Working From Home
    Replies: 5
    Last Post: 29-01-2012, 19:36

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Tambo Teddies
Visit our online store and select your individually handmade natural sheepskin teddy bear. Our soft and loveable bears come in a range of styles and colours. Created in Outback Queensland each bear is unique individual. 100% Australian made!
sales & new stuffsee all
Pea Pods
Buy 2 Award Winning Pea Pods Reusable One Size Nappies for only $38 (in your choice of colours) and receive a FREE roll of Bamboo Liners. Don't miss out, we don't usually have discounts on the nappies, so grab this special offer!
Special Offer! Save $12
featured supporter
LCF Fun Languages Australia
We offer foreign language lessons for children 2-12 yrs in French, Spanish, Mandarin, Italian or German as after-school and preschool clubs or private language tuition. This is play-based, full immersion language learning with proven results!
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!