Four Corners The Strata Trap

8:32PM - 9:18PM

Linton Besser exposes the graft and greed of the strata industry -
supposed to protect apartment owners' interests -
with shocking stories of financial abuse and a lack of meaningful consumer protection.

( are the scammers ever put in jail ? )



Q+A

9:35PM - 10:38PM
It's a basic right - a roof over our heads -
that's become one of the greatest social and public policy challenges of our times.
There's a crippling shortage of housing in Australia.


( will they talk about how money printing and mass uncontrolled immigration has caused the problem? )

On now

wow - did you all see that? - what a bunch of crooks.

Bobby. wrote on Sep 9^th, 2024 at 9:21pm:

wow - did you all see that? - what a bunch of crooks.

No.

It's only 7:26pm.

greggerypeccary wrote on Sep 9^th, 2024 at 9:26pm:

Bobby. wrote on Sep 9th, 2024 at 9:21pm: wow - did you all see that? - what a bunch of crooks. No. It's only 7:26pm.

OK - you're in Perth - you'll have to wait.

Bobby. wrote on Sep 9^th, 2024 at 9:21pm:

wow - did you all see that? - what a bunch of crooks.

Excellent expose.

Not selling the house to get an apartment managed by a strata corporation. Dirty, money grubbing business.

How people can invest so much of their vital energies in devising and running crooked, deceitful schemes. Filthy lucre is irresistible to many, many people.

Frank wrote on Sep 9^th, 2024 at 10:00pm:

Bobby. wrote on Sep 9th, 2024 at 9:21pm: wow - did you all see that? - what a bunch of crooks. Excellent expose. Not selling the house to get an apartment managed by a strata corporation. Dirty, money grubbing business. How people can invest so much of their vital energies in devising and running crooked, deceitful schemes. Filthy lucre is irresistible to many, many people.

So many crooks  and I'm watching Q&A.

Q&A was interesting.


Quote:

will they talk about how money printing and mass uncontrolled immigration has caused the problem?

They did discuss immigration but no one took responsibility for it being
totally out of control with nowhere for people to live.

Massive out of control money printing was not mentioned once.

Frank wrote on Sep 9^th, 2024 at 10:00pm:

Bobby. wrote on Sep 9th, 2024 at 9:21pm: wow - did you all see that? - what a bunch of crooks. Excellent expose. Not selling the house to get an apartment managed by a strata corporation. Dirty, money grubbing business. How people can invest so much of their vital energies in devising and running crooked, deceitful schemes. Filthy lucre is irresistible to many, many people.

Australia encourages crooks to prosper that's why there are so many of them here  :(

Bobby. wrote on Sep 9^th, 2024 at 10:51pm:

Q&A was interesting. Quote: will they talk about how money printing and mass uncontrolled immigration has caused the problem? They did discuss immigration but no one took responsibility for it being totally out of control with nowhere for people to live. Massive out of control money printing was not mentioned once.

Since they never want to get rid of negative gearing why didn't someone ask why they don't limit NG and CGT discounts to brand new house and land packages ?? Surely that is the pathway to increasing the supply instead  of recycling the same old dumps that were built back in the 40's ??

Sir lastnail wrote on Sep 9^th, 2024 at 10:56pm:

Bobby. wrote on Sep 9th, 2024 at 10:51pm: Q&A was interesting. Quote: will they talk about how money printing and mass uncontrolled immigration has caused the problem? They did discuss immigration but no one took responsibility for it being totally out of control with nowhere for people to live. Massive out of control money printing was not mentioned once. Since they never want to get rid of negative gearing why didn't someone ask why they don't limit NG and CGT discounts to brand new house and land packages ?? Surely that is the pathway to increasing the supply instead  of recycling the same old dumps that were built back in the 40's ??

Good point sir Nail.

Sir lastnail wrote on Sep 9^th, 2024 at 10:56pm:

Since they never want to get rid of negative gearing why didn't someone ask why they don't limit NG and CGT discounts to brand new house and land packages ?? Surely that is the pathway to increasing the supply instead  of recycling the same old dumps that were built back in the 40's ??

Why would anyone buy a new build they're usually full of defects that are expensive to fix.
In some cases like Mascot tower it was condemned people are paying for units that nobody lives in.

A double brick built in the 40s will still be standing in another 100 years much safer investment.

Baronvonrort wrote on Sep 9^th, 2024 at 11:23pm:

Sir lastnail wrote on Sep 9th, 2024 at 10:56pm: Since they never want to get rid of negative gearing why didn't someone ask why they don't limit NG and CGT discounts to brand new house and land packages ?? Surely that is the pathway to increasing the supply instead  of recycling the same old dumps that were built back in the 40's ?? Why would anyone buy a new build they're usually full of defects that are expensive to fix. In some cases like Mascot tower it was condemned people are paying for units that nobody lives in. A double brick built in the 40s will still be standing in another 100 years much safer investment.

Those old brick places are being pulled down and 2 to 4 units or townhouses built on the land.
We need more housing to be built.
How can we encourage that?

Bobby. wrote on Sep 9^th, 2024 at 11:42pm:

Baronvonrort wrote on Sep 9th, 2024 at 11:23pm: Sir lastnail wrote on Sep 9th, 2024 at 10:56pm: Since they never want to get rid of negative gearing why didn't someone ask why they don't limit NG and CGT discounts to brand new house and land packages ?? Surely that is the pathway to increasing the supply instead  of recycling the same old dumps that were built back in the 40's ?? Why would anyone buy a new build they're usually full of defects that are expensive to fix. In some cases like Mascot tower it was condemned people are paying for units that nobody lives in. A double brick built in the 40s will still be standing in another 100 years much safer investment. Those old brick places are being pulled down and 2 to 4 units or townhouses built on the land. We need more housing to be built. How can we encourage that?

Older unit blocks made with bricks have lasted longer than new unit blocks.

I wouldn't buy a new unit seen too many with expensive repairs needed.

Older blocks that are still structurally sound would be a far better investment.

Yes we need more housing builders are going broke material costs are increasing then we have a shortage of tradies.
Add in all the red tape council regs it becomes a nightmare

Baronvonrort wrote on Sep 9^th, 2024 at 11:57pm:

Bobby. wrote on Sep 9th, 2024 at 11:42pm: Baronvonrort wrote on Sep 9th, 2024 at 11:23pm: Sir lastnail wrote on Sep 9th, 2024 at 10:56pm: Since they never want to get rid of negative gearing why didn't someone ask why they don't limit NG and CGT discounts to brand new house and land packages ?? Surely that is the pathway to increasing the supply instead  of recycling the same old dumps that were built back in the 40's ?? Why would anyone buy a new build they're usually full of defects that are expensive to fix. In some cases like Mascot tower it was condemned people are paying for units that nobody lives in. A double brick built in the 40s will still be standing in another 100 years much safer investment. Those old brick places are being pulled down and 2 to 4 units or townhouses built on the land. We need more housing to be built. How can we encourage that? Older unit blocks made with bricks have lasted longer than new unit blocks. I wouldn't buy a new unit seen too many with expensive repairs needed. Older blocks that are still structurally sound would be a far better investment. Yes we need more housing builders are going broke material costs are increasing then we have a shortage of tradies. Add in all the red tape council regs it becomes a nightmare

It is a nightmare -
just getting the: electricity, gas, water and sewage connections done
with all the proper meters is a hell of a job -
yet alone building a whole unit or townhouse -
getting all the designs and approvals.
As the guy said on Q&A - it was taking 4 years for one Unit to be built.