Air b’n’b and short term the new target, for gubment incompetence.

Here in Victoria straya, the state gubment has under invested in public housing, sold off former public housing to developers thus leaving massive gaps in public housing.

Now due to this under investment, our great socialist/commi leader is focussing in penalising everyday mum and dad investors who are renting out their houses to get higher rental incomes.

To force them to rent long term, as the gubment has not invested in housing only big billion dollar projects.

There is suggestion that the gubment are going to introduce rental freezes for two years.

This sucks, the private rental market is just that private free from gubment interference.

It should not be up to mum and dad investors to cover gubment mismanagement.

It’s going to no longer be a free market.

www.news.com.au... 9

originally posted by: robsmith
Here in Victoria straya, the state gubment has under invested in public housing, sold off former public housing to developers thus leaving massive gaps in public housing.

Now due to this under investment, our great socialist/commi leader is focussing in penalising everyday mum and dad investors who are renting out their houses to get higher rental incomes.

To force them to rent long term, as the gubment has not invested in housing only big billion dollar projects.

There is suggestion that the gubment are going to introduce rental freezes for two years.

This sucks, the private rental market is just that private free from gubment interference.

It should not be up to mum and dad investors to cover gubment mismanagement.

It’s going to no longer be a free market.

www.news.com.au... 9

I view this with mixed feelings.

Though it looks like the government does not want the commoner to reach the level of financial independence by taking advantage of other commoners, they have no problem with setting all the commoners up to be leeched dry by their billionaire Despicables.

Unfortunately, a government in a free society will reflect the hearts and minds of its citizenry.

If you have a greedy, corrupt, self centered government, look at the people that created it and supports it. You might be able to see a close semblance.

a reply to: robsmith

There is a problem. There is no balance.

The government allowed airbnb owners/citizens, to gobble up a lot of the houses many people would use as starter homes or retirement homes.


——-BUT

In many places the average citizen can no longer build those same homes. That’s the problem!!!
There are laws in place in many town that have size requirement, land requirements, etc.
It equals huge house, which equal $$$$$$$.
Something has to give.

I don’t think forcing airbnbs into long term rentals is the answer but something has to give. People need a place to live.

a reply to: robsmith

I get a 'page not found' error message.
And I agree with you, the goverment caused a problem then the government is responsible for it.
But obviously in commie lala land , that's not how things work.
One good thing. Everytime a government Fs with the people, more people will start to wake up and smell their self-serving BS

a reply to: JAGStorm

Maybe some billionaires , or Vanguard/Blackrock etc who own vast real-estate portfolios, could sell of some of their cheaply bought ( due to foreclosures , plandemic etc) real estate

a reply to: robsmith

"" cover gubment mismanagement. ""
where you been? taxpayers ALWAYS COVER gubment mismanagement.
and our leaders made laws that say they cannot be held responsible..... IMMUNITY

a reply to: JAGStorm

Whats really messed up is where I live, which is s tourist area... A lot of the hotels are being used to house refugees.
So investors small and large snap up what were cheaper rental properties for the tourists to stay in.
Lower income renters from here are s.o.l. and are having to move elsewhere.
There are also now mortgage amortization terms for up to ninety years.
Its madness here.

a reply to: Jessica6
Are you UK based, because your situation sounds exactly the same as mine, on the South coast of England.
I have a lovely sea view, but the neighbours in my street change daily/weekly since AirBnB became a thing.
The remaining resident neighbours now mostly have electric gates, electric garage doors, so they appear as almost ethereal 'passing ghosts' as the hum of their electric cars pass by.

AirBnB is killing cheap rentals in 'nice' areas...and unlike Australia, this little island is pretty full of people now!

originally posted by: Jessica6
a reply to: JAGStorm

Whats really messed up is where I live, which is s tourist area... A lot of the hotels are being used to house refugees.
So investors small and large snap up what were cheaper rental properties for the tourists to stay in.
Lower income renters from here are s.o.l. and are having to move elsewhere.
There are also now mortgage amortization terms for up to ninety years.
Its madness here.

Don't you worry, it does iron itself out but it takes time. We had that happen at popular destinations here.
What happened is exactly what you said, low income (and a lot of seasonal workers) simply had no place to live, so why would they travel (expensive gas) to work in those areas. They wouldn't. So they are now building more high density housing. Some of it is pretty nice.

The problem is that the American dream is slipping away. Will owning a house be so rare one day?