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null_dot

@ null_dot @lemmy.dbzer0.com

Posts
14
Comments
2588
Joined
1 yr. ago

  • Trump calls Epstein files 'irrelevant' as Massie petition picks up steam - ABC News

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  • The 2030s and 2040s are looking pretty bleak with climate change impacts.

    I don't think we'll all be congratulating ourselves on how great things are going without Trump.

    I think we're on a pretty bleak trajectory, and Trumpism is a manifestation of society's anxiety around that. Poor uneducated idiots want to pretend it's not happening, and wealthy fucks want to implement a slave class to live in the wasteland and produce soylent

  • Trump calls Epstein files 'irrelevant' as Massie petition picks up steam - ABC News

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  • Yep. As if this administration would release something harmful to themselves.

  • 18% of people running Nextcloud don't know what database they are using

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  • Theres heaps of hosted nextcloud services. Those users wouldn't know.

  • Trump Claims the Power to Summarily Kill Suspected Drug Smugglers

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  • Uh, I'm not certain that's true.

    An American person is from the United States of America, sure.

    If someone said "I met this guy from America" I would genuinely wonder whether they wanted me to assume that the guy was from the USA or if they were about to clarify.

    In English speaking countries, when you refer to anything from "The Americas", there's a likelihood it's from the United States of America, and one might assume that, but it's something less than "widely understood" abbreviation.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Sorry chief. You're just making up nonsense based on the vibe. Everyone hates billionaires for good reason but they're not driving the housing crisis in Australia.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Investors wanting to reduce cost and risk doesn't imply they need regular income

    income offsets the cost and risk.

    Like if you own a house that costs $5k in while vacant, but an extra $5k in maintenance while rented, why wouldn't you rent it for $50k? Investors always want that extra $40k. There is some risk but it's manageable.

    Speculative vacancy is, IMO, barely worth a mention as regards Australia's housing crisis. People might want their investment properties vacant in very specific circumstances for limited periods of time but not in a general "this property has been vacant for 5 years" kind of way.

  • DOJ does damage control as staffer admits Republicans will be redacted from Epstein files

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  • Yeah, I honestly don't understand what all the fuss is about.

    The Trump admin isn't going to release a trove of documents detailing Trump's escapades.

  • Britain’s illegal e-bike boom: desperation, delivery drivers – and unthinkable danger

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  • I'm surprised I have to point this out but obviously kids flying around on scooters faster than 30km/h is the problem here, not that you can't keep up with them.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • I don't think that says what you think it does.

    It doesn't suggest that speculative vacancies are a driver of the housing crisis in Australia.

    "Buying to Rent" means buying with no intention to sell after a given period of time. It means making an investment focused on the annual rent return.

    Speculative real estate investment can lead to homes being left vacant for quite long periods of time

    Often a speculative investor might leave a home vacant while they list it for sale. That's not the same as purchasing a property with the intention of leaving it vacant.

    in some cases this helps to preserve their condition for resale and saves the investor from having to shell out for upkeep and maintenance

    This doesn't make any sense at all. An investor reluctant to "shell out" for upkeep and maintenance is exactly the type of investor that needs the regular rent income to help cover the other costs of ownership like rates, body corporate, interest, et cetera.

    Census data shows dwelling occupancy rates have been consistent over the last 15 years:

    Note that these rates do not imply "speculative vacancy" is ~10%, as there are many reasons a property may be vacant on census night. They do however demonstrate that vacancy is not the cause of the current housing crisis.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Do you really think a billionaire would be actively involved in buying houses to hoard them?

    They wouldn't give a fuck. If they have excess money they're not looking at the stock market, they would just transfer the excess money to the trust that manages their excess money.

    Billionaires are a big problem, they shouldn't exist, but you haven't drawn a real connection between billionaires and the Australian housing problem.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • This is the correct answer. Fewer average occupants per house, for a variety of reasons.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Billionaires dont leave their billions sitting in a bank. Of course they buy things with it.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Houses aren't a speculative asset like shares or gold. They take time and effort to sell, and it's costly.

    Point is, you wouldn't intend to sell in less than several years. Rent might be $50k a year. No investor is leaving that on the table.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • That would only work if you owned every house.

    Like if you buy a house, why would you forego the rent income just so everyone else's rent increases?

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Why would you buy a home and not rent it out?

    AirBnB isn't helping but it's well established that it's not a significant driver of the problem.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • That doesn't create a shortage of rentals though.

  • MTG warns Epstein clients she’ll ‘say every damn name’ on House floor as she tells sex abuse victims, ‘Give me a list’

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  • Would it really make any difference if she did say that someone had accused Trump?

    "fake news"

  • Britain’s illegal e-bike boom: desperation, delivery drivers – and unthinkable danger

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  • Hard disagree. Riders on illegally modified bikes are a menace.

  • @jack_toohey on why the housing crisis is not caused by migration [ALL IMAGES IN POST BODY]

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  • Ok so if the number of dwellings has increased at the same rate as the population has grown, why is it so hard to find somewhere to rent?

    I'm not saying the numbers are wrong, I just don't understand why there's a shortage.