Real Estate 4 Ransom

[Terryw]

in today's Sydney Morning Herald there is an article about a new Australian documentary, Real Estate 4 Ransom. This appears to be a doco critical of property speculators and the tax system skewed to favour the investors at the expense of the renters.

‘Real Estate 4 Ransom is...about global property speculation and its impact on the economy. (It) considers changing motivations behind property investment and challenges the notion that the Global Financial Crisis was caused by bank lending.’’

‘‘The film investigates the inefficiencies of economic systems and their impact on potential home owners and small businesses. Real Estate 4 Ransom argues that with a simpler tax system, entrepreneurs have a better chance to succeed and the average Australian has a better chance of owning their own home.’’

see http://smh.domain.com.au/home-inves...blog/real-estate-4-ransom-20110901-1jnom.html

see the trailer at http://realestate4ransom.com/

 

[jonesy427]

i think more of these articles will appear in future due to high housing prices, so people lean towards renting, so paper creates article to appeal to the majority (renters)

 

[redwing]

Hi Terry,


On a review there is a comment..

Activists in Melbourne have produced a documentary which claims property speculators have locked up 46,220 empty homes in metropolitan Melbourne.

The housing campaign group Earthsharing Australia says in Real Estate 4 Ransom that 4.95 per cent of the city’s potential housing stock is unoccupied – double what the Real Estate Institute claims is the vacancy rate

Earthsharing director Karl Fitzgerald says the documentary was ultimately an argument in favour of the Henry Review’s proposals for land tax.

'Freefall - The Night The Banks Failed' is an Irish documentary worth watching also

Youtube Part 1

Addicted to Money was also an interesting watch

Youtube Part 1

And The Ascent of Money

Youtube Link

 

[redwing]

According to this crew Earthsharing Australia, the speculative vacancy rate for Melbourne in 2011 is 4.94% link to their PDF report here

Apparently they use water consumption to determine whether or not a house is vacant and assume that a house is empty, if the average daily consumption of water is less than 50L

 

[VYBerlinaV8]

It's a good SHOCK! HORROR! story for the masses. I doubt I'll bother with it.

 

[Aaron_C]

Apparently they use water consumption to determine whether or not a house is vacant and assume that a house is empty, if the average daily consumption of water is less than 50L

Nice interesting post redwing, as always. Although looking through their methodology, they don't seem to differentiate between residential and commercial properties - their sample is just 'properties'. That is a severely flawed sample if that is the case.