David Collyer

Three unofficial state secrets about the housing problem

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by Gavin Putland re-posted from his blog Secret 1: The purpose of encouraging home ownership is to create a majority of voters who own real estate and who therefore support policies that make real estate as expensive as possible, for the benefit of the biggest owners. Secret 2: The purpose of financing home ownership through […]

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Wolves at the door – not trying to push it down, yet

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Back in May, US blogger Wolf Richer held forth on Wolf Street that hedge funds were betting record amounts on the imminent meltdown of Australian banks and our housing bubble by shorting shares. His arguments had me nodding my bearish head in agreement, yet the facts tell a different story. If shorts think a business […]

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Land Use Corrupted by Economics and Religion

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by Bryan Kavanagh reposted from thedepression.org.au ECONOMICS Economics is about how we produce and distribute our wealth. This is important because it’s about us: about our daily lives. But we’ve outsourced economics to economists who don’t understand the role of land within political economy. They’ve put themselves upon a pedestal as high priests of a […]

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Land prices are not simply a matter of supply and demand

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by Bryan Kavanagh Reposted from On-Line Opinion Fortunately, the theory of real estate valuation is not as difficult to comprehend as the theory of value, over which economists continue to fight endlessly. Real estate valuation concerns the assessment of particular parcels’ market price. It is not about some abstract or philosophical theory of value. Maybe […]

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Rail crossing removal makes me cross – do it properly!

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The next rail crossing to be removed by the Victorian Government’s Level Crossing Removal Authority is at Grange Road, Alphington. It is asking locals whether they would prefer a sky bridge over or a concrete trench under. The good residents of Alphington are being presented with very bad options. The best solution is a cut […]

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Airbnb defends its territory

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At the weekend, Simon Johanson reported the Victorian Supreme Court decision to disallow body corporate regulation of short-stay operators. There is real conflict here. Owner occupiers are incentivised to avoid maintenance costs and be cordial toward their neighbors – do unto others as you would have them do to you. Meanwhile, the cavalcade of short-termers […]

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Stamp Duty slugs families $91 a month

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The Housing Industry Association today released their estimate that conveyancing Stamp Duty costs Australian households $91 a month. “By eroding deposits and making homebuyers borrow more, stamp duty is estimated to add $91 per month to household mortgage repayments for a median priced home,” HIA economist Shane Garrett said. “Apart from hurting ordinary households, stamp […]

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Dear Prime Minister, I’m an innovation worker and your ‘Plan’ will drive me away.

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By Matt Ellis reposted from RationalRadical Dear Prime Minister Turnbull, I am writing to belatedly and publicly call your bluff on your so called ‘innovation agenda’, which forms a key plank of your ‘Plan’ for jobs and growth. There are all kinds of reasons to be disappointed with your leadership of this country so far, […]

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The Andrews government underground gift to wealthy landholders

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Victorian taxpayers were kicked in the teeth yesterday by Public Transport Minister Jacinta Allen, who announced city landholders would not have to contribute to the $10.9 billion Metro Rail project, though they will enjoy substantial and certain land prices rises from its construction without lifting a finger. Improving access and speed to the city for […]

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SMH gets thoroughly modern and calls for a land tax

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The Sydney Morning Herald thundered about NSW government finances in a May 25 editorial: $17 b a year hole in NSW future finances. This is mostly the usual stern conservative stuff we have learned to expect from Fairfax. But it does close on an upbeat note: “The Herald has long called for NSW to transition […]

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