Property agents unite to fight negative gearing crackdown

When did I say that? I was just responding to the guy who said you are only suppose to give opinion if u have a vested interests..

 

Not directed at anyone.

Millions of people worldwide have been making trillions off capital growth of real estate through cycles. And suddenly, we are to believe this will, or should end, and we should just focus on rents...


Fascinating stuff.

 

More millions have made trillions off real estate with no negative gearing - just because something has been done in the past doesn't mean it needs to continue into the future. Many millions make trillions off renting to long term tenants (eg Europe with 10 - 20 year leases), so why not here? In the US they pay no CG if the profits are rolled into another property so why not here?

The only guarantee in life is change - in a global society we need to look globally, see what works best in other countries and adopt those practices ... or are you only focused on what's best for Sackie, rather than what's best for society as a whole?

 

Do we make individual financial decisions based on personal advice or general advice which may bit apply to our own circumstances?

 

A house is just a consumer durable, the idea that housing can increase in value ahead of inflation and wages for ever, giving ever increasing capital gains is an idiocy. where is the logical conclusion, houses costing billions? Apart from that, where is the productive value? a circle of people selling assets to each other for ever increasing prices does not really seem the basis for a competitive world economy. In fact, increasing property and rental prices just make doing business here less competitive.

I guess the old adage from Upton Sinclair still rings true, "It's difficult to get a man to understand something if his salary depends on his not understanding it"

 

At the time of decision, one makes a decision based on the circumstances at the time - if those circumstances change then one may make a different decision.

Doesn't mean we retain the status quo to the detriment of society as a whole ... it means we change our game plan as the rules change

 

Where did Sackie say house ? If people cant afford a big piece of land they will buy a smaller piece of land or land in a cheaper location. People who buy prime real estate don't rely on wage growth to do it many don't . Inflation helps pay off realestate that is why people borrow. Land has always increased in value mostly at av 8% p/a. and long term always will. It is not always bought for present productive value ,especially high priced land. Ever heard of Location or lifestyle or desirable .

 

I'm too lazy to debate these things. But @Fargo said it well. Each to their own. I'm just focused on making money.

 

When it comes to investment decisions, I'm primarily concerned with myself . To base your investment decisions on what's best for the wider society is insanity

 

Sounds just like mediscare which was quite effective

 

Its a problem facing many advanced economies face as house prices have risen considerably faster than incomes over the last 40 years , most affected are the middle class.
Australian is not alone in this area , and as we are finding out it starts to drag the whole economy down with it.

 

If ALP gets in and there is a recession, BS and his goons will certainly be blaming the LNP, no matter how long it happens after the election .

 

I thought we are already in a recession but the govt is avoiding using the R word.

 

I agree - the decisions are yours to make within the rules of the day. Government legislation is not put in place to line the pockets of investors to the detriment of others in society - otherwise the vast majority of us would still be trapped in serfdom or at the mercy of slum landlords.

The role of a democratic government is to provide a framework to protect the vulnerable from the powerful and to a basic standard of living and opportunity equality to all citizens. Something that seems to have been widely forgotten in the wake of modern self-centred capitalist greed

http://www.civiced.org/pdfs/books/ElementsOfDemocracy/Elements_Subsection3.pdf

 

Thank you, I’ve been trying to track down this quote for ages!

 

Not true. It just means somebody is not a completely selfish self-centred individual I.e I choose to invest in ethical super over normal super...rate of return is comparable.

 

No argument there, and that's exactly what I do. Abide by the laws we have.

 

If this forum ever substantially starts to embody the approach to investing which says investments should only be made based on what's the best outcomes for the wider society. That's the day I'll saddle my horse and ride off into the night never to return.

 

**** hope. Lets pray!

 

The same way libs are still blaming labor for deficit despite its doubled under their watch in 6 years of them in Govt