Where did you surf today ?

[BA]

Great news Buddy. Hope all are well.

[Drailed]

Or this one- also incredible piece of land.

https://www.realestate.com.au/property- ... properties

So nice except for being surrounded in legoland development. That place is fucked.

[steve shearer]

You're surrounded by the size of your own spread there Loof.

Get in and make an offer.

Acres of land on a ridge overlooking the best wave in Australia.

[offshore1]

Are there property taxes in Oz? In the US, more or less forces large landowners to sell to developers.

[Beanpole]

Steve’s hocking Lennox Real Estate now?
Probably make a good real estate agent with his gifts for hyperbole and gaslighting.

[steve shearer]

Are there property taxes in Oz? In the US, more or less forces large landowners to sell to developers.

Nope, not yet anyway.

[Drailed]

Are there property taxes in Oz? In the US, more or less forces large landowners to sell to developers.

Pay one off "stamp duty" upon purchase, there is land tax on second residence.

[Drailed]

You're surrounded by the size of your own spread there Loof.

Get in and make an offer.

Acres of land on a ridge overlooking the best wave in Australia.

Just depressing whenever you leave home though Steve, its like Kellyville by the Sea.

[steve shearer]

If you ponied up and leveraged all equity reckon you could make an offer Loof?

[offshore1]

Are there property taxes in Oz? In the US, more or less forces large landowners to sell to developers.

Nope, not yet anyway.

Not in the Bahamas either, regarding paying the government every year for the privilege of owning property, they say, "You never own your property in the States Mon, it's like you're paying rent to the government every year.

[steve shearer]

You're surrounded by the size of your own spread there Loof.

Get in and make an offer.

Acres of land on a ridge overlooking the best wave in Australia.

Just depressing whenever you leave home though Steve, its like Kellyville by the Sea.

wtf?

walk down into the village for a drink and a meal- walk back to your acreage with a skinful.

You never need to go west.

[steve shearer]

Are there property taxes in Oz? In the US, more or less forces large landowners to sell to developers.

Nope, not yet anyway.

Not in the Bahamas either, regarding paying the government every year for the privilege of owning property, they say, "You never own your property in the States Mon, it's like you're paying rent to the government every year.

Man, that sucks, I will fight tooth and nail to stop property taxes becoming established in NSW.

[alakaboo]

That'd be stupid.

The reliance upon transactional taxes is a main reason why the coastal environment keeps getting fucked, why house prices have to keep going up, and why state governments can't find things without reliance on the federal handouts.

Income and land-based taxes are the most efficient and reliable.

[offshore1]

Are there property taxes in Oz? In the US, more or less forces large landowners to sell to developers.

Nope, not yet anyway.

Not in the Bahamas either, regarding paying the government every year for the privilege of owning property, they say, "You never own your property in the States Mon, it's like you're paying rent to the government every year.

Man, that sucks, I will fight tooth and nail to stop property taxes becoming established in NSW.

Many battlers, my parents among them, have been forced to sell, because skyrocketing valuation led to skyrocketing property taxes
They had the foresight to aquire a beach cottage before cashed up nerds caught on and bid the prices sky high.

Now only cashed up nerds can afford the resulting property taxes on what are today multi million dollar beach pads .

Once modest Wrightsville Beach , NC has changed into a mini east coast Malibu, where only cnuts like Nick Carroll and Loofy can afford to live.

[Beanpole]

I’ve got an old school friend who became a senior public servant in Canberra and retired to up on the point at Lennox. His wife was similarly employed so they were loaded. Originally bought acreage out in the hinterland but she didn’t like all the frogs, etc
So they moved into a big white box on the point. Haven’t been in contact for a few years now. I doubt they are still there. He didn’t surf .

[steve shearer]

That'd be stupid.

The reliance upon transactional taxes is a main reason why the coastal environment keeps getting fucked, why house prices have to keep going up, and why state governments can't find things without reliance on the federal handouts.

Income and land-based taxes are the most efficient and reliable.

In theory.

In practice, read Offy's post to see how they massively increase inequality.

In effect, only wealthy people can afford to own land under a property tax regime.

[Beanpole]

News Flash…..you have to be wealthy to buy land on the East Coast.

[alakaboo]

The inequality is far less than that caused by stamp duty, and easily rectified through income concessions.

Stamp duty leads to subdivisions.