this post was submitted on 19 Jan 2026
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So increased land taxes and unoccupied home taxes do work to stop prices rising quickly. Now take away negative gearing and CGT discounts and do all of this across the country!
And this will kill all small landlords, and we will end-up in situation like UK where single company can own all rental in a city. Dare to say something they do not like, you have to move.
My previous landlord shutdown his Electrical business because it makes less sense to funnel money into keeping a business operational than to just use it to buy more property. When we have small businesses shutting down so people can join the landlord class is it at least worth considering that something is askew in our economy?
If the political will existed then we could tackle monopolistic property ownership through regulation anyway. In the event we get politicians to legislate against their own cashcow then having them legislate against lobbyists shouldn't be that hard.
That's very optimistic of you to think that because this electrician did it, it must be a rational financial decision.
I'll touch base with him next time he is back in town from sailing on his yacht and ask if he is better off.
He is my go to example, not the only former business owner I know who has outright stated working for a living is dumb. It's almost always people working in trades who evangelise the benefits of being a landlord to me, and who can blame them?
Work 20-30 years and be physically broken for whatever time you have left, or work for long enough to get the first 2 or 3 properties bought and then use that as a platform to become a full time landlord.
One of those options is definitely the less physically impactful. This is also the route to personal wealth for a whole lot of politicians, so they are far less likely to close the loopholes they themselves are using for personal enrichment.