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Gold Coast Council sells off homes for rates; GC Property market collapse consequences
Topic Started: 1 Sep 2013, 07:34 PM (3,843 Views)
Jamie
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mel
1 Sep 2013, 08:51 PM
i know of someone who hasn't paid rates on 2 commercial properties for 21 years.

After fuck knows how much in legal fees the council has spent (while this bloke represented himself) the final verdict after 4 years in court is that they will take the nominal rates owed from his estate after he dies.

there you go :)
And I know a guy in northern NSW who has driven for decades without a drivers licience and gotten away with it by going to court and defending himself under maritime law from the old days. He wrote an online book, 400 pages long explaining it all and towards the end he admits it's all a pain in the ass and does not recommend people emulate him because everytime he has a traffic stop he ends up in court. Just pay your rates and don't be a parasite.
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goldbug
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doubleview
1 Sep 2013, 09:10 PM
Pig Iron
1 Sep 2013, 09:02 PM
i'm from the east coast you dribbling moron.
what where from?

By his limited world view I would hazard a guess and say biloela. Or perhaps Longreach.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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doubleview
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goldbug
1 Sep 2013, 09:51 PM
By his limited world view I would hazard a guess and say biloela. Or perhaps Longreach.
HAHA!! YEP!! limited world view along with limited output on APF except for 4000 + posts on APF of one sometimes 2 line trolling contributions.

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mango66
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The council are doing that because they know the rates will be more than the property is worth, especially if its less than 10 years in arrears. The Gold coast is basically an extension of Logan. They might as well call it greater Logan.
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Foxy
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Zero is coming...

Pig Iron
1 Sep 2013, 07:53 PM
hang on. if it takes years to get to the point they can sell the property to recoup rates, this cannot be "a sign of the times" because the rates owed are from years ago. it's a sign of what happened in the GFC, not right now.

Mr. Pig Iron,
You put these people straight.
Good work.
Peter
:pop:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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stinkbug
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timmothy
1 Sep 2013, 09:13 PM
Does it matter what has happened in the past? This is today, September 2013, and the GC city council is getting desperate after years of crashing property prices, f-all sales activity, businesses going bankrupt all around. Anyone who thinks it's going to be business as usual around australia obviously hasn't been reading the papers for the last 6 months but the gold coast is a special case, it is ROOTED economically.

I think this is a terrible precident but I expect to see it happening more and more as government seeks to increase revenue and find owners for property that can pay their way.
The GC is ROOTED economically every time there's a bust, then comes back with trumpets and neon lights when things pick up again. It's the ultimate rollercoaster market in the country - it flies to huge highs and crashes to terrible lows. Again, this is nothing new. Once you've lived through a few cycles you'll realise that the only thing that really changes is the magnitude.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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goldbug
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mango66
1 Sep 2013, 11:33 PM
The council are doing that because they know the rates will be more than the property is worth, especially if its less than 10 years in arrears. The Gold coast is basically an extension of Logan. They might as well call it greater Logan.
:lol :lol Greater Logan, love that! There is actually still the origonal GC strip, about 40km long and 2000 meters wide. But since it is now the haunt of muderers, drug addicts, bikers and mobsters the bogan areas back across the swamp lands are probably the nicer parts now. pigiron is a bogan so he should have a valid opinion the matter.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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peter fraser
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mango66
1 Sep 2013, 11:33 PM
The council are doing that because they know the rates will be more than the property is worth, especially if its less than 10 years in arrears. The Gold coast is basically an extension of Logan. They might as well call it greater Logan.
Councils all over Australia do this, and they always have. It's probably a lot worse than normal on the Gold Coast due to the price falls and drop in rental income since 2010.

Any expressed market opinion is my own and is not to be taken as financial advice
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mel
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Jamie
1 Sep 2013, 09:17 PM
And I know a guy in northern NSW who has driven for decades without a drivers licience and gotten away with it by going to court and defending himself under maritime law from the old days. He wrote an online book, 400 pages long explaining it all and towards the end he admits it's all a pain in the ass and does not recommend people emulate him because everytime he has a traffic stop he ends up in court. Just pay your rates and don't be a parasite.
this person is not a parasite and has probably offered more to the community than you or I ever will. Can you provide a link to the online book please.
Edited by mel, 2 Sep 2013, 08:32 AM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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mango66
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goldbug
2 Sep 2013, 12:19 AM
:lol :lol Greater Logan, love that! There is actually still the origonal GC strip, about 40km long and 2000 meters wide. But since it is now the haunt of muderers, drug addicts, bikers and mobsters the bogan areas back across the swamp lands are probably the nicer parts now. pigiron is a bogan so he should have a valid opinion the matter.
Yeah i lived there 20 years ago and it wasnt such a bad place, except for the police state factor, since then its gone down hill. The GC is the embarrasment of Queensland. They should move the border up and fuck it off as part of NSW. :lol
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