EXCLUSIVE: Cronin lifts veil on new draft expropriation law

konfab

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Ah Godwin's law. Where you could not get more irrelevant...
You claiming that only a tiny portion of properties will be affected is just as facetious when you don't know how the government is going to define: used, productive or speculative.

Especially when it is the South African government, which has a strong record for doing things by the book and in a completely non corrupt way that will only benefit the people.
 

Temujin

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no, that is not.

you are wasting the limited resources, for that reason, many countries banned this behaviour long time ago.

may be you don't aware of, but that is very reasonable.
Hong kong cage homes are what happens when gov gets control of land. Its not due to property owners not using land. Masses of unused land, massive population squashed into tiny living spaces all leased to the highest bidder. Our gov already has tons of unused land, there is no need to expropriate anything, but they want to, all for the money, none of which will benefit anyone but themselves. ie. its due to gov not allowing people to use the available land
 
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f2wohf

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Perfect examples of how trust is needed to create meaningful economic growth. When you betray that trust, you get liquidated by the people who own you.
Changing goal posts? Expropriating 20 unused properties in Joburg won't betray the trust of most. Maybe yours, not mine.

Being disputed by the likes of Julius Malema is like claiming Darwinism is a disputed fact because of some evangelical nutjob.
The rationality of economic agents is a long time discussed and debated topic in economics, long before Malema and amongst the capitalist theoricians.

https://en.wikipedia.org/wiki/Rational_agent
https://web.stanford.edu/~hammond/ratEcon.pdf

China only started being prosperous when they started giving their citizens more freedom to spend their own money.
China still has the laws against land speculation, they have never been lifted. France does too. I don't see any of these two countries getting being untrustworthy for investors. But it's just me again.
 

f2wohf

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Our gov already has tons of unused land, there is no need to expropriate anything, but they want to, all for the money, none of which will benefit anyone but themselves.
Researching is too hard I guess? It's actually the first target of EWC.

Municipalities and state-owned companies must expropriate and release unused land for housing the country's urban, landless poor, President Cyril Ramaphosa said on Wednesday.

"Municipalities and state-owned enterprises need to release unused land and service sites for housing so that our people must have houses, so that they also do not resort to self-help measures through the illegal occupation of land," Ramaphosa said during the presidency budget speech in the National Assembly.
https://www.iol.co.za/news/politics/release-unused-municipal-and-state-owned-land-for-urban-poor-ramaphosa-15125039
 

ponder

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Pretty much so. Rather start building soon.
So the poor sod that buys his land cash, saves up to start building later so as not to incur debt is fscked all while paying rates and taxes on the land. Sounds awesome...
 

f2wohf

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So the poor sod that buys his land cash, saves up to start building later so as not to incur debt is fscked all while paying rates and taxes on the land. Sounds awesome...
He has a chance to explain this to the Court and will hopefully not get expropriated?

It starts to get tired to answer to every whataboutism possible.
 

DreamKing

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Hong kong cage homes are what happens when gov gets control of land. Its not due to property owners not using land. Masses of unused land, massive population squashed into tiny living spaces all leased to the highest bidder. Our gov already has tons of unused land, there is no need to expropriate anything, but they want to, all for the money, none of which will benefit anyone but themselves.
wrong.

hk government never has control of land (residential units), the reason of the sky rocket high prices is because very little empty lands (residential units) are still available. and the worst case is the buyers from north brought most of the available residential units. those units are empty from the 1st day that were built. that is the main reason why.
 

f2wohf

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And you are naive enough to think that this won't be used in a negative way. Believe in the Messiah, he will deliver us from the evil of Zuma.
I am informed enough to have a pretty good idea corroborated from various sides of what is intended rather. :sneaky:

Why do you think the banks, real estate groups and others are not up in arms? Because they perfectly know that it will affect at minima private parties.
 

konfab

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Why do you think the banks, real estate groups and others are not up in arms?
Because they have their head in the sand. The same sorts of people didn't see Mugabage and his perfect system of land reform being a complete disaster. They were always banking on the hope that the government would do the rational thing as everyone would want them to.
 

DreamKing

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You claiming that only a tiny portion of properties will be affected is just as facetious when you don't know how the government is going to define: used, productive or speculative.

Especially when it is the South African government, which has a strong record for doing things by the book and in a completely non corrupt way that will only benefit the people.
I think that is better to focus on the definition.
 

garp

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You can only laugh at the brainwashed socialist-tards that are so feeble minded that they seem to actually believe that owning property and speculating is somehow damaging to society. When it fact, this underpins modern civilization and all human rights. You only have to look at how poorly the Chinese treat property (since they have no skin in the game) to understand how evil this is.
 

Temujin

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wrong.

hk government never has control of land (residential units), the reason of the sky rocket high prices is because very little empty lands (residential units) are still available. and the worst case is the buyers from north brought most of the available residential units. those units are empty from the 1st day that were built. that is the main reason why.
No dude. hk has only developed 20% or so of its land. There is plenty available. The problem is, gov only gets money from leased land(no taxes)... so, holding the land and not allowing dev pushes up the prices for auctioning a plot to devs. There is no land shortage. Its all about keeping available to dev land 'short' to get the auction prices rocketing
 

f2wohf

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Because they have their head in the sand. The same sorts of people didn't see Mugabage and his perfect system of land reform being a complete disaster. They were always banking on the hope that the government would do the rational thing as everyone would want them to.
Proof?
 

rietrot

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I'd be happy if they expropriate abandoned or hijacked buildings in city centres or those operated by slum lords.
I still find it strange that a building can be hijacked. We need responsibility and accountability more than expropriation.
 

ponder

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He has a chance to explain this to the Court and will hopefully not get expropriated?
And incur legal fees and whatever else in the process or will that be for the state/taxpayers purse?
 

f2wohf

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You can only laugh at the brainwashed socialist-tards that are so feeble minded that they seem to actually believe that owning property and speculating is somehow damaging to society. When it fact, this underpins modern civilization and all human rights. You only have to look at how poorly the Chinese treat property (since they have no skin in the game) to understand how evil this is.
Ah namecalling when you have no arguments...

I vote conservative but thanks for the assumption dear Suitlander.

So France or NYC are out of modern civilization?

You just don't have a clue of what's happening, what are the targets and why and can't even keep yourselves informed properly as all of you guys screaming and rambling on your own premade conceptions and assumptions (but too coward and afraid to live by your words and leave the country nonetheless).

PS: Personnally, I'm fully against expropriation without compensation, genius. I've said it 100 times. I'm also against land speculation.
 

DreamKing

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No dude. hk has only developed 20% or so of its land. There is plenty available. The problem is, gov only gets money from leased land(no taxes)... so, holding the land and not allowing dev pushes up the prices for auctioning a plot to devs. There is no land shortage. Its all about keeping available to dev land 'short' to get the auction prices rocket
wrong again.

the law is forbidden to develop country parks. most of the unused lands are situated in country parks.

that is NO FEE to "renew" the lease agreement in hong kong. try again.
 

f2wohf

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And incur legal fees and whatever else in the process or will that be for the state/taxpayers purse?
You don't need attorneys to go there. You think the 170 000 land claimants have attorneys?
 
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