Negative Gearing charade continues in 2018

Discussion in 'Property Market Economics' started by Sackie, 8th Jan, 2018.

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  1. willair

    willair Well-Known Member Premium Member

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    Bill Leak once said--quote-- Australians are hardwired to pigeonhole pretty much everything we encounter -and then only then are we satisfied that we have someone pegged..

    I just hope the Australian investing public can see through Labor side of the road pie cart lost ideas..

    [​IMG]
     
    Last edited: 9th Jan, 2018
    willair, 9th Jan, 2018
    #101
  2. Ed Barton

    Ed Barton Well-Known Member

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    My money's on grandfathered, and that's what all proposals indicate.

    No one is talking retrospective. But most here don't know what a retrospective tax is.
     
    Ed Barton, 9th Jan, 2018
    #102
  3. Ed Barton

    Ed Barton Well-Known Member

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    [QUOTE="RobertBanks, post: 519928, member: 13411"Having somewhere to raise your family is a basic necessity. [/QUOTE]
    Owning it is not.

    No one's forcing you to buy anything comrade.

    Do you think you are entitled to a 5 bedroom mansion for your first house?

    A two bedroom unit is totally appropriate for your first home.
     
    Ed Barton, 9th Jan, 2018
    #103
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  4. Ed Barton

    Ed Barton Well-Known Member

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    Long term investors would love a return to indexation. Many would not realise it. Do you know what came with indexation?
     
    Last edited by a moderator: 10th Oct, 2021
    Ed Barton, 9th Jan, 2018
    #104
  5. Ed Barton

    Ed Barton Well-Known Member

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    The pro NG crowd regularly quote this. The ATO figures they quote are taxable income, so after NG deductions are taken into account. They are meaningless in the debate. Meaningless.
     
    Ed Barton, 9th Jan, 2018
    #105
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  6. Sackie

    Sackie Well-Known Member

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    We should start our own party....Capitalistic Narcissists Brigade. Any ideas for a catchy slogan..
     
    Sackie, 9th Jan, 2018
    #106
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  7. kierank

    kierank Well-Known Member

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    Ohh!!!

    So it is not just housing un-affordability that some want us to believe :).

    Sounds like another porky to me :D.
     
    kierank, 9th Jan, 2018
    #107
  8. kierank

    kierank Well-Known Member

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    The CNB, I like it.

    How about “Casts No Bull$hit” as a slogan?
     
    kierank, 9th Jan, 2018
    #108
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  9. wylie

    wylie Moderator Staff Member

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    Why do we even have to talk about the gender of a leader? A leader leads, regardless of gender. I don't think Julie was any more or any less successful than those that came before or after her.

    Would anyone ever say "do you think the ALP is ready for another male leader after the success of xx?"
     
    wylie, 9th Jan, 2018
    #109
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  10. SatayKing

    SatayKing Well-Known Member

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    SatayKing, 9th Jan, 2018
    #110
  11. kierank

    kierank Well-Known Member

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    I was **** stirring.

    TBH, the ALP is a lot more ready for a(nother) female leader than the LNP, both at the Federal and State level.

    I am not convinced the members are :(.
     
    kierank, 9th Jan, 2018
    #111
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  12. Sackie

    Sackie Well-Known Member

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    Actually no. The opposite. People expect too little of themselves these days. When my parents first bought a place decades ago they bought a crappy unit, then moved onto a semi and then a home. Then they sold the home to get another home in a better area. Step by step. Come to think of it.. Whats that song..step by step.. ooohh baybe..gonna get to ya ger-er-er-erlll...:cool:
     
    Last edited by a moderator: 10th Oct, 2021
    Sackie, 9th Jan, 2018
    #112
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  13. Big Will

    Big Will Well-Known Member

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    Your parents are in the minority upgrading their homes. :)
     
    Big Will, 9th Jan, 2018
    #113
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  14. kierank

    kierank Well-Known Member

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    Well, we have been at our current address for 30 years, come this July.

    And I thought we were unique.

    Done a little reno in that time :D.

    Some would call it a KDR.
     
    kierank, 9th Jan, 2018
    #114
  15. Big Will

    Big Will Well-Known Member

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    Was this your first home? Or have you bought other PPORs before in your lifetime?

    If you bought a PPOR before you likely did it for an upgrade.
     
    Big Will, 9th Jan, 2018
    #115
  16. kierank

    kierank Well-Known Member

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    First PPOR was a 2/1/1 unit.

    Second PPOR was a 3/1/2 house.

    Third PPOR was a 4/2/2 house.

    Current PPOR is a 4/4/3 house.

    Do any of these rate as upgrades?
     
    kierank, 9th Jan, 2018
    #116
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  17. Sackie

    Sackie Well-Known Member

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    I don't know about being the minority.. but my parents told me all the stories of how excruciatingly hard they worked to make their money while their friends were gambling and wasting most of it. This is going back 40 years now. :)
     
    Sackie, 9th Jan, 2018
    #117
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  18. Sackie

    Sackie Well-Known Member

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    If the areas are more affluent and larger dwellings each time then its an upgrade to me :)
     
    Sackie, 9th Jan, 2018
    #118
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  19. Big Will

    Big Will Well-Known Member

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    I would say yes and if you move into a unit that would be considering another change where you might realise the capital gains you have paid from the 4th PPOR. Again you are in the minority buying more than one home...
     
    Big Will, 9th Jan, 2018
    #119
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  20. Big Will

    Big Will Well-Known Member

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    Maybe it is the minority who gets up and works hard for 40 years to make something of their lives. :rolleyes:
     
    Big Will, 9th Jan, 2018
    #120
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