Originally posted by Contrail
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Probably one of the worst / most flawed articles i've seen on the property market.
He starts with a stupid premise where the government forces 10,000 property investors to sell their property. Would never happen in a million years. Then he extrapolates that to even stupider scenarios where renting is illegal.
Then he somehow doubts that landlords buying houses doesnt push up prices??? Does he not understand that an increase in demand = price increase (even if slight)??
Then his great example to back up his nonsense is a stupid example of a painting being compared to a rental property which has no relevance in any way, or can we clearly equate a tax advantage as being of the same value as appreciating something?
And then his argument gets even worse. He argues that foreigners buying houses doesnt push up prices and if they were then there would be thousands of empty houses. So does this mean once again that increased demand for houses does not affect prices and that overseas buyers are so stupid they would buy a house from overseas and not rent it out???
Obviously the herald pay him to make outrageous things, but it's a shame he can't put together a logical argument.
He starts with a stupid premise where the government forces 10,000 property investors to sell their property. Would never happen in a million years. Then he extrapolates that to even stupider scenarios where renting is illegal.
Then he somehow doubts that landlords buying houses doesnt push up prices??? Does he not understand that an increase in demand = price increase (even if slight)??
Then his great example to back up his nonsense is a stupid example of a painting being compared to a rental property which has no relevance in any way, or can we clearly equate a tax advantage as being of the same value as appreciating something?
And then his argument gets even worse. He argues that foreigners buying houses doesnt push up prices and if they were then there would be thousands of empty houses. So does this mean once again that increased demand for houses does not affect prices and that overseas buyers are so stupid they would buy a house from overseas and not rent it out???
Obviously the herald pay him to make outrageous things, but it's a shame he can't put together a logical argument.
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