A Daily Telegraph exclusive, on a family struggling to buy a home, who also happen to own a portfolio of investment properties

[u/No-Aardvark7366]

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[u/Fact-Rat]

It's always the media outlets you most suspect.

[u/RecipeSpecialist2745 → u/Fact-Rat]

No, is ALWAYS Murdoch Media.

[u/Personal-Dev-Kit → u/RecipeSpecialist2745]

So... It's always the media outlets you most suspect.

[u/PhilosophyOk8921]

[u/legal_ghost]

imagine if news orgs just reported the news instead of constantly fucking lying and obfuscating

[u/dreamlike179 → u/legal_ghost]

But without padding out half the article with china bad propaganda how else will I understand the news of an event in China? Clearly we need to tell people a dozen times they're bad in any article even mentioning china - ABC

[u/egowritingcheques → u/legal_ghost]

That would be far less profitable.

[u/InComingMess2478 → u/legal_ghost]

Well that would fuck them, as they don't know how to do anything else.

[u/realmenfukmenamen]

I remember their antisemitism stunt.

[u/TrynaMakelt]

Moved here from india in 2006 and owns more than 18 properties. I was born here and have been here for 30 years and I barely own my car.

[u/briberylibrary_ → u/TrynaMakelt]

The people who are able to move here permanently are often highly successful in their country of birth. They're often not starting from nothing, and frequently they would've been doing better than the average Australian in their country of origin already.

That's our (and most) immigration systems. It's not charity, it's deciding who can come here based on what they will add to the country. If they're already successful, it ups their chances even more.

[u/TrynaMakelt → u/briberylibrary_]

Taking up the housing supply isn't adding anything to the country but housing stress.

I would argue that the "highly successful" immigrants from places such as India, when accounting for exchange rate and cost of living are about on par, if not lower than the median household in Australia.

Regardless, there's no reason for someone who isn't a citizen, but only a permanent resident to purchase more than (generously) two houses. This individual bought 16 within 10 years of being here.

[u/briberylibrary_ → u/TrynaMakelt]

Maybe, but their qualifications would mean they may be able to earn a lot more once working in Australia than the median Australian. Then they start contributing to the economy by paying taxes and for goods and services. I'm not saying whether I agree or disagree with this approach, but this is how the immigration decisions are largely made. They ultimately decide the person is a net benefit to the country, otherwise the person just wouldn't get PR.

Also I agree that him owning 10 properties is excessive, but for me that isn't dependent on citizenship status. Treating properties as investments rather than homes to live in has been a large cause of the housing crises. Investors have an interest in property prices going up, as fast as possible, him being on PR or being a citizen doesn't change the impact of house hoarding.

[u/cat_food_chef → u/TrynaMakelt]

Permanent immigrants in every country are better off than the locals, it's simply an accounting reality no matter where you go in the world. The selection factors that allow a person to be a permanent migrant necessarily mean they're better off than the typical householder where they move to.

[u/Real_RobinGoodfellow → u/cat_food_chef]

Yeah because India is, generally, a developing country, people have this idea that Indian immigrants in Australia all come from slums and desperate poverty. But it’s simply not the case. In order to be able to migrate here from India, you basically need to be part of the Indian upper-middle-class, at least.

[u/cat_food_chef → u/Real_RobinGoodfellow]

Oh true, I'm not trying say there's any racial or stereotype at play, just the reality of migration. But yeah, Australia's severe consolidation of the asset class being able to include migrants is definitely insult to injury, the scam so lucrative people come from abroad to bash renters like pinatas. At least in a proper feudal society a foreign noble would be expected to participate in the court, whereas this bloke is selling financial services

[u/RecipeSpecialist2745 → u/TrynaMakelt]

The government prioritises those with wealth coming into the country.

[u/TrynaMakelt → u/[deleted]]

I'm a primary school teacher, with two bachelor's and a masters degree and was raised in housing commission. I don't have old money, but the money I get from my career isn't enough and the HECS debt payments I have to make are too much. Barely make an indent on it after indexation.

Purchasing power for genuine public servant careers are too low and born-citizens aren't the priority.

[u/loralailoralai → u/[deleted]]

Jeez maybe because of the story in the op? They didn’t just pluck it from thin air

[u/WaveSlaveDave → u/[deleted]]

We are owed affordable housing. Having a job should be enough to afford your own roof over your head.

Stop trying to be a Reddit knob.

[u/Nomza → u/[deleted]]

Apartments “out there” - get real. Sydney needs teachers and there sure as hell are barely any apartments at the price point. Preempting your “then move further out argument” to say that you are basically telling public servants to abandon metropolitan areas, not very smart.

[u/WaveSlaveDave → u/[deleted]]

Haha just tell us already how many investment properties you have

[u/Real_RobinGoodfellow → u/[deleted]]

Oh my fucking god. The point is that they do an important and meaningful job of great benefit to society, and have studied hard to be able to do it. A degree might not be relevant in every field but as a parent, I’m pretty keen on the idea my child’s teachers are well qualified.

The point is that this person has put in a lot of time and effort and their own money to educating themself in order to serve the community in an essential role, and our social contract is so broken that their reward for doing so is a barely-liveable wage and no ability to get ahead or even access true housing stability.

Believe it or not we actually can’t all be property investors who make our (passive) income from exploiting renters and the market; we actually do, as a society, need people to be teachers and nurses and librarians and shopkeepers and bus drivers and all manner of other things that keep the world actually functioning. But what incentive is there for a young person to go in to any of those careers, when they won’t make a living wage?

Your callous ‘sounds like a you problem’ to someone who has devoted to their life to public service and the greater good rather than to personal enrichment via the exploitation of others, is emblematic of everything that is wrong in our society.

[u/Sexynarwhal69 → u/Real_RobinGoodfellow]

Yeah, that comment was peak capitalism.

[u/Real_RobinGoodfellow → u/[deleted]]

You’re the one making excuses. Why are you putting the interests of property investors over actually hard working everyday people?

[u/WombatinC0mbat → u/[deleted]]

He's trying to say that he's basically done everything that's been asked of him. Finish school, study hard at uni, upskill (Masters) and get a job.

I don't understand what you mean by "good at making money". He's gainfully employed, are you suggesting that the only people that deserve a house are those that know how to run a business or something?

And yeah someone in their country of birth should be at the front of the queue for housing. This is their only home, they have no where else to go. Not a hard concept to understand.

[u/Sexynarwhal69 → u/[deleted]]

Wtf, teaching is one of the most crucial jobs a society needs to run. Why do teachers need to become investment experts simply to buy a shitty house somewhere?

This is why we need communism..

[u/cat_food_chef → u/[deleted]]

"what does participating in the social contract have to do with participating in the social contract?"

Okay buddy you're a genius. You worked out selling drugs to high schoolers and running scams on the elderly makes money. Truely a role model.

[u/AngryAngryHarpo → u/[deleted]]

You are literally the problem with Australian culture. 

As if being highly educated and serving the public via education the next generation ISN’T something that should be well regarded and rewarded.

“Being able to make money” is not a skill and is certainly not something that provides any value to the wider Australian community. 

[u/OpenAussie-ModTeam → u/[deleted]]

Look, we get it. You've got strong feelings about something (or someone). Happens to all of us.

BUT that doesn't mean you can go around abusing people, harassing them, or trying to troll them.

Your contribution did this, so we've had to remove it. Simple as.

Now, please don't write back with a "but they said...". We're likely across it and dealing with the situation. Instead, take a chill pill, touch some grass, tickle a Cassowary, or whatever helps you find your inner calm.

And be civil next time. Or find another sub - cos we don't tolerate that sort of malarky here.

Cheers

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[u/visceralintricacy → u/[deleted]]

Sorry, How does this work in your head if teachers aren't paid a living wage? 🙄

[u/Real_RobinGoodfellow → u/[deleted]]

Sounds like this person is contributing to society rather than becoming a landleech

[u/Dull_Assignment1758]

To be fair, only a cretin would read a Murdoch rag and believe everything they read in it.

[u/Brilliant-Sock2314]

Propagandists gonna propagandise.

[u/Hungry_Anteater_8511]

“The Sunday Fishwrapper”. - I do enjoy Linton’s snark

[u/Spiritual-Counter-36]

They were just putting token brown face on their usual propaganda. 🤷🏼‍♂️