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  1. #1
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    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?

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    No. Why should there be? If someone can afford many properties then good for them.

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

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    not unless there was a massive housing shortage

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    No. Because I'm not a socialist. I believe in some socialist ideals but not this one.

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    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.

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    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.

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    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)

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    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.

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    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.

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    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.


 

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