Covid 19 -

[Franco Cozzo]

Well with every bad situation there's always a silver lining - Pornhub is giving away free premium membership to everyone during the COVID19 pandemic

[BENT_8]

Originally Posted by Franco Cozzo

Well with every bad situation there's always a silver lining - Pornhub is giving away free premium membership to everyone during the COVID19 pandemic

Franco, that is so last weeks news....so im told..

[Citroënbender]

Yes, but I believe you need to be referred by an existing member.

Originally Posted by Franco Cozzo

Well with every bad situation there's always a silver lining - Pornhub is giving away free premium membership to everyone during the COVID19 pandemic

[wodahs]

Originally Posted by Citroënbender

Yes, but I believe you need to be referred by an existing member.

well
um
can you refer us

[cheap]

Watched ScoMo this evening and he doesn’t look well, but with less waffle from his speech which is good.

He has given the “economic stimulus” rhetoric the flick, after all how do you stimulate something in partial collapse? It may be a mute point but it was always about providing support and not stimulus. The stimulus comes once we have defeated C19.

Would dearly like him to provide clarity as to next steps and options on the table, we are adults. This would avoid the perceived contradictions. For example, just how many stages are there in this gig?

Landlord, renter moratorium sounds good, but I can see this moratorium causing scams, rip-offs and frustration everywhere - and ScoMo’s answer you’ll need to work it out between the landlord, the renter, and the bank.

How do you maintain a depreciate schedule, what does this mean to signed legally binding contracts (as they make no provision for this), is negative gearing included in the moratorium, how do you sell a unit in the midst of a rental moratorium, what will this do to prices, do lines of credit still apply, what are the tax implications, the mind boggles at the can of worms this has opened. Until this is fully understood then as a landlord with an empty unit, I might simply leave the unit empty rather than accept unknown risks/costs.

[BENT_8]

Originally Posted by cheap

Landlord, renter moratorium sounds good, but I can see this moratorium causing scams, rip-offs and frustration everywhere - and ScoMo’s answer you’ll need to work it out between the landlord, the renter, and the bank.

How do you maintain a depreciate schedule, what does this mean to signed legally binding contracts (as they make no provision for this), is negative gearing included in the moratorium, how do you sell a unit in the midst of a rental moratorium, what will this do to prices, do lines of credit still apply, what are the tax implications, the mind boggles at the can of worms this has opened. Until this is fully understood then as a landlord with an empty unit, I might simply leave the unit empty rather than accept unknown risks/costs.

Problem from my perspective is that it looks from the outside as though they saw an opportunity to vote buy in the early stages by throwing money at the unemployed and families on welfare who would otherwise be Labor voters, all that unnecessary 'stimulus' which ironically wont even make its way to the intended target until they're all unable to spend it, could/should have been saved and put towards wage subsidies which would have avoided a hell of a lot of job losses.
Had they moved straight to a wage subsidy system then many households would be able to meet their essential expenses being a roof over their heads and food on the table and it wouldn't have needed to go as far as impacting on Landlords to such a degree.
Scomo said they couldn't just run with a model that other countries have adopted, and whilst that's probably a fair analysis, im not sure how throwing away good money to people who would be least impacted by this is a better way of getting to the end goal.

Something tells me if they had their time again it would unfold very differently.
Personally I'd have started with closing the National borders to anyone other than Australian citizens on the first day, giving anyone a week to get home, in the mean time close all state borders to all non essential travel and stop the movement within the country to isolate each states outbreaks.
Instigate the 10 person rule straight away and tighten it when necessary.
The two most likely places for person to person spread is within the workplace and schools as these are the places where members of families who otherwise would never come in contact, are linked, keep the workplace open, close the schools, half your risk eliminated.
Whilst all this preventative measures are going on without destroying the economy and business, get your finance dept onto a plan to instigate a wage subsidy system and gradually hibernate business as required starting with those impacted in order, ie. airlines and booking agencies due to restrictions on travel, hospitality, , education/childcare sectors etc. etc.
A gradual action/reaction system in order to maintain control rather than jumping all over the place from one aspect to another, no wonder he looks so tired.
I can excuse Scomo for the path he's chosen to take because this is something no one could have prepared for in any detail, but in order to improve you need to learn from your mistakes and if I was Scomo i'd be taking a good hard look at the people writing his material and whether he's getting value for money...

My2c.

[creative]

Originally Posted by cheap

Landlord, renter moratorium sounds good, but I can see this moratorium causing scams, rip-offs and frustration everywhere - and ScoMo’s answer you’ll need to work it out between the landlord, the renter, and the bank.

There is one missing link there... Property Managers and Real Estate offices.

For example, if the Govco stop rental payments, the banks stop mortgage payments to help the landlords and no money flows, that will wipe out the real estate industry. Most, if not all realestate PM departments work on fees being paid on money collected.... No money, no fees.

If the RE has to close the doors, who looks after the property.

As for scams it has already started from tenants. We are working with tenants and owners to get everyone through this time as much as possible but we have had one tenant contact us last week and say the place he works has closed and he needs help. We always ask for proof, which he sent through... and looked suss as. So we contacted his employer and surprise surprise, they were still open and he was still working.

The missus also works for fair trading NSW and they are copping an absolute hammering at the moment both in volume and in abuse from people that just dont get it.

[Citroënbender]

Is that (provide false or misleading information, intent to obtain financial benefit by deception) a sufficient enough breach of contract to wind up the lease?

[creative]

Originally Posted by Citroënbender

Is that (provide false or misleading information, intent to obtain financial benefit by deception) a sufficient enough breach of contract to wind up the lease?

Even if it was, we cant. NSW has a hold on all eviction processes, except ones already in motion. A landlord cant take their property back AT ALL during this time.

[ford71V8]

Originally Posted by creative

Even if it was, we cant. NSW has a hold on all eviction processes, except ones already in motion. A landlord cant take their property back AT ALL during this time.

Geez, that creates risky times depending on who is aware of the new regs.

[cheap]

Originally Posted by creative

There is one missing link there... Property Managers and Real Estate offices.

For example, if the Govco stop rental payments, the banks stop mortgage payments to help the landlords and no money flows, that will wipe out the real estate industry. Most, if not all realestate PM departments work on fees being paid on money collected.... No money, no fees.

If the RE has to close the doors, who looks after the property.

As for scams it has already started from tenants. We are working with tenants and owners to get everyone through this time as much as possible but we have had one tenant contact us last week and say the place he works has closed and he needs help. We always ask for proof, which he sent through... and looked suss as. So we contacted his employer and surprise surprise, they were still open and he was still working.

The missus also works for fair trading NSW and they are copping an absolute hammering at the moment both in volume and in abuse from people that just dont get it.

Also, during the moratorium is the landlord expected to pay council rates, insurance, water, and electricity. Wear and tear and repairs to his property? It sounds like a gift to anyone looking to freeload on accommodation.

Another ScoMo feel-good statement design to warm the hearts and minds, but without the governance that is required, as you pick this apart it has the makings of "pink batts" on steroids!

[|||]

Originally Posted by cheap

Another ScoMo feel-good statement design to warm the hearts and minds, but without the governance that is required, as you pick this apart it has the makings of "pink batts" on steroids!

Couldn't agree more! Even those labor party goons couldnt make a worse job of governing as scotty from marketing

[hayseed]

Originally Posted by Franco Cozzo

Well with every bad situation there's always a silver lining - Pornhub is giving away free premium membership to everyone during the COVID19 pandemic

Hope you've been hoarding lube the last couple of Weeks...