Maybe the sellers are exhausted and the vitiol caravan has moved on to try to protect its rent-seeker status.
The vitriolic diatribe that RENT has attracted reminds me of the current attack on the proposals to stop negative gearing except on new builds and reduction of CGT discount by one of the biggest business grouping of rent-seekers in Australia - the property industry.
Their power is incredible, just look at the disgraceful front page of Saturdays Weekend Australian
This lot of bludgers have increased their wealth without creating new wealth via the existing policies which perverts investment decisions causing poor allocation of resourses into non productive investments and results in reduced economic efficiency, reduced actual wealth creation, lost government revenue, increased income inequality and national economic decline which is underway with NDI down 17.5% in two years.
Any attempt that threatens them gets a pasting and RENT is no different as it threatens the incumbents
Joe Hockey only on walking out of Pairliament told the truth - Negative gearing on property has to change.
Until then he was held hostage by the rent-seeking property industry - and he lied and misrepresented the NG facts whilst in pairliament
But on leaving he now says he wanted to re-skew negative gearing toward new housing so there was an "incentive to add to the housing stock rather than an incentive to speculate on existing property
For amusement purposes a parody on the attack by the bludger RENT-Seekers on the NG proposals:
" Genital Warts and Face Pustules the Risk of Negative Gearing Removal – Property Lobby Doctor
An ALP proposal to change Negative Gearing policies to newly constructed properties only exposes every individual in Australia to a vastly increased risk of anal bleeding according to a ‘Doctor’ representing the Real Estate lobby and its branding and its ‘Fairfax’ market positioning arm. ‘I don’t think it has sunk home to ordinary Australians how big a threat this is’ said Doctor Wilson in an authoritative paper titled ‘Sputum analyses of Real Estate pages’ presented in Lancet and the New England Medical Journal in February. ‘Carrot Count analyses of more than 3 Negatively geared property owners have found substantially increased readings, since the revelation of the risk this week, and the WHO needs to act quickly to head off the mounting risk of global pandemic. ‘
The reaction to the unveiling of the new ALP policy, which will see Negative Gearing reduced to newly constructed properties only after July 1, 2017 if they win the upcoming Federal Election has seen emergency wards across the nation flooded with Australia’s speculating 1.8 million ‘investment property owners, after digesting the fact that the 93% of them who are negatively gearing a property which added nothing to domestic demand but did bid up the asset price for a social good to deprive other Australians of a decent house for a decent price were most at risk.
Doctor Horatio Giffen at Austin Hospital Melbourne said it had been a very busy aftermath. ‘It’s been a real surprise, really. In addition to the usual weekend stabbings, car accident victims and ice addicts we have been flooded with middle aged and older investment property owners displaying a range of rather pronounced symptoms, including heart palpitations, bleeding from the eyes and ears, excessive drooling, and one lady from Malvern who should probably be a bit more careful when playing with property guides and rubber ducks near her rectum when the bubble bath is that greasy.‘
In his paper Doctor Wilson highlighted the contagious nature of the proposal to remove Negative Gearing and its high correlation with other conditions, writing ‘There is little doubt that if Negative Gearing is looked at seriously then the then there is every possibility that the large tumour giving the appearance of vibrant life to the Australian economy, and the 93% of Negatively Gearing specufestors taking nutrients from that, could incubate a number of highly virulent conditions which pose an enormous risk of mutations into other areas, including superannuation reform and capital gains tax dispensations.’
Speaking at a seminar in Sydney on Tuesday the Doctor exhorted national policymakers to get ahead of the curve and commence an immediate shutdown and quarantine system wherever and whenever the issue of negative Gearing Removal was noted to have occurred, noting that those carrying the removing Negative Gearing pathogen were ‘almost certainly’ going to be carriers of genital wart and facial pustule causing Helicobacter pylori Z bacteria which had been shown to be highly resistant to contemporary pharmaceuticals and any form of Real Estate lobby approved logic, and would lead to ‘unstaunchable’ flows of anal bleeding if left untreated.
RNT Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
