thefirstbruce said:
And that a balance is required between how much property is procured by investors versus owner occupiers. When that balance is thrown off, there are serious social ramifications, that you don't seem to be accepting Kenneth. I can assure you these issues are of serious concern to all levels of government in Australia.
+++++++++++++++++++++++++++++++++++++++++++
Dear theFirstBruce,
1. No, I think you have mis-understood my position.
2. I do agree with your position and concerns on this issue specifically.
3. What I am in effect saying are as follows:
a. To each his/her own, as far as property investing is concerned. This is because as property investors, we all have different callings in life and we all have different life attitudes/values system towards wealth creation and personal life ethics, especially those with different religions and values system.
b. To me, Monies/Wealth creation is and of itself is not evil, according to the Bible. It is our love of MONIES ( which in itself is considered as a form of idol worshipping or for that matter, if our love for other things, people, activities etc), that cause us to love God less or/and cause us to replace God in our own lives, is the root of all evils.
c. There may be some Christains who have the mistaken beliefs that God wants all Christians to be "poor" and that being rich (in this earthly) life is something that all Christians ought to shun away from. I do not agree with such kind of inaccurate and presumptous Christain teachings/positions at all (as I personally believe God wants all His children to prosper) though I also do agree too that it is easier for the poor and the meek to enter the Kingdom of God, than the rich people in general, as is presently taught in the Bible.
d. There is always 2 sides to the same coin/argument, (and I am not trying to justify myself here. Neither do I need to here, as I am very clear what I am doing vis-a-vis my own Christain faith).
e. To some people, investing in rental properties can help to create jobs and cause the Australian economy to boom/sustain over a longer periuod of time as well as helping the Australian Govt to help provide low cost affordable housing to help some Australians to have a roof over their heads through the house renting option. To others, they seem to "blame" the investors for exploiting the poor indirectly and profit themsevles at the expense of the poor and yet at the same time, they fail to a provide a pragmatic and cost-effective answer to house the poor adequately and failing to appreciate the positive benefits of investors buying into rental properties.
f. Australia is a much blessed country and has plentiful of land supply. At the root and basic issue of housing affordability, is definitely not one of natural land supply per se;- but rather the Man-made economics concept of "limited land supply" and its subsequent land pricings, as created by the Human Race.
g. Why the housing is made "un-affordable" is fundamentally, a result/outcome of people's lifestyle choices and their competitive human nature to bid up the price of certain seemingly socially desirable areas selfishly, until the land prices becomes un-affordable to the other people.
h. Examining this basic social phenomenon in a greater depth and at a more basic fundamental level, we can see MAN is actually trying to "selfishly" acquire and to keep what he/she perceives to be the "best" lands wholly for themselves, without due regard to share with the general public, even though the ultimate " best" lands ( as deemed by God) need not neccessarily be the most expensive ones.
i. Thus, the issue of housing unaffordability is a MAN-made problem, and as a result of the herd instincts and Man-made concept of (limited) land supply and land pricings economics.
j. We always have a choice not to follow this same selfish herd instincts. Not do we need to at all if we truly and sincerely beleive and trust God as the source of all our Providence.
k. We can always choose to live in more affordable areas and discover/appreciate or/and help create, the natural beauty in the new or/and more affordable suburbs, by God's Grace.
l. While, it may sound idealistic and self-sacrificing though to being deemed ridiculous by some, by deliberately choosing to live in the seemingly less socially desirable and thus more affordable areas, we are in effect, actually showing our love and respect and to intentionally deferring/allowing our neighbours/others to have the seemingly better lands for themselves as was socially/collectively perceived at this point in time, while we try to learn look to and trust God for His Providence and Blessings in our lives with respect to the so-called housing benefits.
m. Eventually, other people start to see/ discover the same beauty in the new/more affordable suburbs and start to compete for them and evetually bid up the land prices there until they become the new hotspot growth areas.
n. Thus, if we are realistic and pragmatic, we can always look to live in the new affordable areas/suburbs or/and to consider renting in the prevailing expensive suburbs which are being perceived as socially more desirable.
o. Human choices always come with a price and a trade off.
p. It is up to each of us to be self-responsible and to live responsibly and realistically with our own means especially in respect to our own housing choices.
q. Blaming others/investors for causing the suburbs to be priced out is not a healthy nor a fruitful solution.
r. Assuming if we all choose to follow para k-n , instead of blindly following the present herd instinct, by creating more supply of new socially desirable areas to live in, it will not be as easy for us to be priced out for our own housing needs, as it is now and provided all the Australian peoples are willing to co-operate with one another to make this a reality for themselves and their own children/future generations.
s. Personally, I do not think that MAN will eventually grow to "over-populate" the Mother Earth. Not do I think God will allow it. It is however, up to Mankind to find his own place on Mother Earth and in the Great Universe that God has created.
4. For your kind update, please.
5. Thank you.
regards,
Kenneth KOH
