Hello, hello Max thanks for joining us down in Melbourne on Q&A I'm going to chat about housing something I feel like we're both very passionate about Editing Jordan here. I thought it'd be funny if I used Max's fingy as a microphone stand So I clipped the microphone to his finger and then forgot to turn it on so I'm just holding his finger for absolutely no reason in this video Indeed, thanks for letting me hold it in there as well. I appreciate it. I have a question. I wasn't allowed to ask That I've been said in lightning so I'm gonna ask it to you. Okay, but how is the post of trust that the government will do anything to solve this Housing crisis when on average they own 2.3 properties each and as a result directly benefit from housing being unaffordable to the average Australian great question and Thank you so much. Do I call you purple fingers? Yeah, I'm happy with that excellent Really good question and it is remarkable being one of the only renters Watching both the Labor and Liberal Party where Labor 75% of them own investment properties the coalition actually owns less weirdly enough rising I know 65% of them own investment properties Yeah, a lot they do and actually well the biggest one one of them is a Labor guy who his property portfolio is $142 million Actually, yeah, I did read that for that. Yes, and look The bizarre thing is that they have the hootspa I suppose to stand there and then Oppose any changes to the massive tax handouts for property investors that they all benefit from In fact the Greens are right now the only ones in parliament and to be fair There are a few property investors in the Greens But what I say every time I'm asked about that is every single one of them tomorrow would vote to freeze renting creases And phase that negative during the capital gains tax discount But for those that are opposing it and who are voting to protect their own financial interests in a way Well the question for them is is that not a conflict of interest exactly like in any other situation where Basically you have this huge property portfolios You benefit from negative gearing and the capital gains tax discount and unlimited rent increases But and you have the power to stop all of that and phase them out, but you choose not to yeah It's not not a conflict of interest and look to be frank. I think a lot of renters are very justifiably upset Yeah, by two huge property investor parties that are doing nothing to fix their material situation. Yeah I would call up ocean. Yeah, because you brought up the conflict of interest Yeah, if you were a judge voting on a decision or deciding in decision Yes, that you directly benefited from based on the outcome that you decided you would have to recuse yourself from Man's agent. Do you think that politicians do you think it's fair that politicians vote on legislation? If they directly benefit what do not benefit from respect to investment Look ultimately, I don't think it is and I know my colleague in in state parliament amiumic mind at one point Actually moved to try to force everyone Who did own investment property to recuse themselves from their proposed rental legislation? She got a very energetic reaction Labor on the real party and look I mean you can imagine trying to do that there The Greens might be in the majority in parliament. We've been getting rid of so many labor and the real property investors Yes, that's right But look it does in all seriousness it would affect the way you think about the housing crisis Like I just don't think you get how serious the material it is when you sit on how in three or four investment properties Where you've never you haven't had to pay rent for a long time? You haven't had to worry about housing insecurity. You're on a good wage Yeah, I think that does affect the way you make decisions about dealing with the housing crisis Thanks, thanks, Papal Piggas