Turnbull Govt - reportedly drops Negative Gearing Model

You mentioned the 'M...Set'. word Friends for life now buddy

 

a lot!

Unless you have squillions, I don't understand making donations to a political party. Mostly because I don't understand being so aligned with a party that you forgive all their transgressions, and think their position on all policies is flawless. For me, much better value would be obtained by donating to a lobby group, who would then aim to influence whoever it is that can force the decision through

Cheers,
Inertia.

 

People will be glad this happened once interest rates rise again.

 

Is it supposed to be?
Even I consider myself to be left-leaning, but it is a fact that that life isn't fair, and some people start from a lower base than others. I agree with creating an environment that facilitates closing the wealth distribution gap, but you can only lead a horse to water...

It is not a right to own your own home, and if the financial environment favours investors, doesn't it make more sense to become an investor?

Cheers,
Inertia.

 

There are those who take action to improve their net worth whilst other prefer to spend their times doing other things that lower their net wealth. There is enough opportunities and information out there if someone is willing to apply themselves will change their course.

However yes you can only lead a horse to the dam...

I know it isn't a right I think you have read my post in the wrong way, I was more along the lines of complaining there is always going to be something else for people to complain about. If they did remove NG (highly doubt it) then what next depreciation gives investor an advantaged and we need to remove that? What after that? It isn't fair that an investor can claim expenses against the property but if the home owners hot water breaks they have to fork 100% out of their pocket.

 

In the USA I believe you can deduct interest from a PPOR... but there are other concessions the PPOR provide that may work against that, such as being excluded from the evaluation for pension eligibility... advantages that an investor does not get.

Cheers,
Inertia

 

Not sure if serious or best troll ever...
Have we found the only TA fan in Australia?

 

I'm serious. There are a lot of TA fans, you are just trying to ignore them. He'll be back, just give it time.

 

Hang on, hang on.... the banks will earn the ire of everybody (politicians, the general public)... everybody except shareholders. Will politicians support high margins from the banks?
I suppose non banks would step in as they see nice juicy margins. And less borrowers will borrow from banks, people (the ones with healthier credit ratings) will go to alternative lenders to secure funding. People with not so healthy credit ratings would have to go to a bank. How do you force banks to put up their prices in a competitive market? I don't know how your proposal will work...

 

The Government should force lending institutions (not only banks) to get their rates higher, much higher and tax them accordingly. Make a Government fund of some sort for a rainy day, where all that extra money can go to, like it is overseas. Or make another simple thing. All new loans require 50% cash deposit and there is no housing bubble the next day.

 

...Best way to lock out the First home buyers and force them into renting for 20 years....

 

If prices fall, a 50% deposit will not be that big.

 

Those measures would have to be ushered in slowly.... you won't want to shock the system. And you'll find little support for money to be funnelled into a rainy day fund. I dont think Joe Average would go for it....

 

Joe Average goes for everything that is properly advertised. Propaganda machine always works fine when it's needed.
There is another way to curb house prices, like they do in Texas as an example. All your residential real estate is taxed on a yearly basis of around 3%. I wonder how many people would have bought a million dollar property if it was taxed 30k a year - every year. That's 30% of a purchased price in a decade. That's a lot.
One of those things why a good 250 sq meter house in places like Austin costs twice as cheap as the same house in Adelaide. I'm not even touching Sydney. Because the same house in Sydney is 5 times dearer. You think Sydney is 5 times better then Texas - I don't think so.

 

Imteresting thought! Does it include PPORs or just IPs?
if its just IPs then i'd just invest in a different state!
If it included PPORs I think people may end up moving out of the city or downsizing to a unit if they can't afford it. House prices could crash....
How long has that rule been in place?

 

It includes PPOR. I don't know how long, but I know it first hand. Wanted to invest there a few years back, but after I found out all these things - decided not to.

 

Hehe, gotta love those smugglers.
The only thing he had going for him was people couldn't decide who was worse, him or Gillard.

 

Oh please, are you so blind not to see that most of them play the same game.

Also, do you have any idea how a good economy benefits all, this idea of robin hood stealing from the so called rich to make things fairer really does not work, you may also want to look up that last time, after playing with things, they were put back in place shortly after, but it is this meddling that is also very damaging.

This policy is calling to you, but the clowns running the show care for you probably about nil, if it breaks things and causes a depression, who they gonna take money from then ?

 

Here's a serious question. Is your question a joke or are you just not aware of whats been happening in Australia for the last 25 years?

 

Donations buys seating and the proximity of being in the earshot of decision makers.

Look at Packer doing it at the high end and then apply the same to smaller developers at council and state level.