Despite my apparent antipathy towards real estate as an investment, I do have sympathy for those who have invested in property and are now feeling the full effects of the government’s generational failure to address the issues inherent within the current system.
You can only play by the rules you were given and property investors played by the laws that have existed for almost 90 years. They didn’t make the rules they merely used them as intended and now they are being blamed for the results of following the rules.
The ever-present threat of government interference in my life and business is one of the reasons I enjoy trading – there is no government interference. Traders won’t suddenly be vilified for making their investment decisions according to the legislation in place and then be hit by a continual series of illogical financial imposts as governments attempt to solve a problem they don’t seem to have the courage or cognitive ability to solve.
It is far easier to blame the incumbent users of the system or if you are desperate imply that it is the fault of a particular ethnic group.
Other than paying tax I have no government interference in my business. None – not a single thing other than abiding by the rules of the exchanges I deal on.
Having a local dob in your neighbour process is somewhat akin to the good old days of the Stasi in East Germany but it is the sort of thing local councils relish with their desire to interfere in people’s lives.
There are few institutions that have become international diseases in their own right. One is councils (whose predations are now appalling), HR departments and staff generically, and the banking sector in general (the GFC revealed them in full flight). Leave out the military-industrial complex for the moment.