photo credit: TheAlias

Anarchy, Liberty and Austrian Economics

Fred Foldvary is questioned on his development …

photo credit: sparr0

Inventors or Speculators

An interview with James Murray (Centre for Policy Development) skates thru the GFC, highlighting the trillions in goodwill on the books. Also covered is a touch on Obama radiance and how local rents are jacked up pre-uni year to extort the market. What’s the solution – join our podcasters!

Show Notes

Workers must restrain from wage claims – said Rudd on Monday, levelling concern at employers, the capitalists.
What about the most important determinant to human endeavour – the landlord sector?
A 3% cut in interest rates since GFC
How has the fed thru to help investor Landlords?
Example: $350K loan to buy an investment property (using ING Loan calculator)

standard principal + interest loan
$687 p/m saving in interest payments (6.19 – 9.19%)
interest only (more popular for investor class)
$880 p/m savings

But yet continual reports that rents are being jacked up! A colleague had her cosy (3 BRM) Brunswick apartment increased by $300 to $2000 p/m last week. And who is getting the bailout?

Is this happening as we approach the university year and student demand peaks? What are we to do about it?

If we were to increase the holding charge on land
- the 175 vacant properties found in carlton would soon hit the market, forcing down rents.

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