Sharing the earth so all may prosper. Karl Fitzgerald - Director Grounded
Melbourne, Australia
Joined February 2009
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The slower they go, the more they make. @JulieCollinsMP must look at this if she wants to achieve her stated aim of a smoother supply curve.
You can just ask property developers why they don't build even though they are allowed by planning regulations.
YIMBYs might be interested in what they say:
"If you're a builder and you have a building permit, that doesn't say you have to build," said Richard Lyall, president of the Residential Construction Council of Ontario (RESCON). "We have builders that have land, they could build, but they are not going to cut prices to hit their market.
They can sit back on the land and wait until things settle down and become a little more predictable."
theglobeandmail.com/real-est…
#michaelhudson on #castro "they were trying to be socialists without realizing how capitalist economies work, and in fact how every economy works."
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Another merry meander through history with #michaelhudson on #CASTRO's blanks, Obama & MacArthur. Along the way #economicrent michael-hudson.com/2023/06/o…
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this is the best economic idea i’ve never heard of (in years) ……@grhutchens abc.net.au/news/2023-02-12/r…
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Earthsharing retweeted
If you're interested in better ways to build and own a home, get yourself along to this free event tomorrow night in Melbourne. I'm going. I interviewed @earthsharing on podcast which is our most recent episode. Karl is launching h…lnkd.in/gNrNP9Va lnkd.in/gkgpdmzC
#COP27 funding of loss and damage should be driven by a windfall gains tax on all oil and gas rents. Global oil rents have been quantified at $1 trillion pa. theguardian.com/environment/…
Earthsharing retweeted
The Staged Releases report presentation, on how developers control supply to lock in price, rather than allowing supply to drive down prices, as promised. A number of factors contribute to this as discussed by @earthsharing #auspol #endhousingcrisis
youtube.com/watch?v=6d6FUvMh…
Earthsharing retweeted
Great article explaining the housing market's built-in speed limit on new supply
"Forget red or green tape, developers hold supply behind a gold tape: they must ensure there is not enough supply to push prices down."
theage.com.au/national/forge…
Earthsharing retweeted
‘The slower the sales, the more developers make’: Land banking by big developers in Melbourne driving up property prices, @Prosper_Aust report shows. #ausecon #ausproperty theage.com.au/national/victo…
hehe, of course its all by the cycle!
Tune in via zoom or if in Melbourne, come and see us in Person. Karl Fitzgerald @earthsharing finishing his 18 yr cycle with Prosper Australia @Prosper_Aust - with the release of our new landmark report - Staged Releases. Find out more below 👇👇👇
“It’s about brute power: about watching the world bow down before them. For this rush of power, they would forfeit the #Earth.” theguardian.com/commentisfre…
#michaelhudson comments on the legacy of @davidgraeber and 'Where Western Civilization Went Wrong' michael-hudson.com/2022/07/f…
‘You can think of it as a great big new tax on everything, because of climate inaction.’ @fifthestateau ’thefifthestate.com.au/column…
For all the of the #Trump revelations, it still feels like we know so little about the rentier handouts that slid behind the distractory tweets n tantrums. Opportunity Zones are surely one of the most chilling #gentrification #housingcrisis nydailynews.com/news/politic…
"Karl Fitzgerald, the advocacy director at Prosper Australia, is a strong believer in the benefits of replacing property stamp duty with a broad-based land tax." #nswpol afr.com/property/commercial/…
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Earthsharing retweeted
‘tackling the lack of affordable rental accommodation would produce $2 of benefits for every $1 spent – a much higher rate of return than many infrastructure projects.’ theage.com.au/national/lack-…