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  1. BayView

    Negative Gearing

    Is this figure the total investor population? If so; how do we know that every single one is neg geared? Some aren't. I only own one IP now - it's very pos geared these days. Also; what percent of the total housing market is 1.2 million investors? Or; is this the actual amount of...
  2. BayView

    Negative Gearing

    Don't forget the Stamp Duty etc from the transactions. I think it has already been covered by others that the Govt does not lose out with NG. It might appear that way because I pay say; $10k in tax, but then get back $3k, or whatever it might be. I guess if I stick that $3k under the mattress...
  3. BayView

    Negative Gearing

    Exactly. The family who is upgrading, and/or the retiree/empty nester who is downsizing never get mentioned. Here's one; we sold our PPoR no.4 (sold to a Husband and Wife with 2 kids as their PPoR, by the way) and made enough from it to move down to our existing suburb and pay cash for the...
  4. BayView

    Negative Gearing

    When did this all happen? In the last 3 or 5 years? Or when you started looking to buy your first property? Or; maybe way back in 1985 when I bought my first of 12 properties so far (have sold a few too), or maybe 50 years ago, or 75 years ago?
  5. BayView

    Negative Gearing

    Sigh... where do you start? I didn't see many outer-lying suburbs and non-auction properties... What about the private treaty sales? What about the homes worth $1.5m+..how many investors would even be at these places? How many places are less that $500k, and have a rent return of 5% - how...
  6. BayView

    Negative Gearing

    See post number 12. Food for thought : http://somersoft.com/forums/showthread.php?p=1311763#post1311763
  7. BayView

    Negative Gearing

    The fact that they have to be told by their accountant to buy an NG property to lessen their tax bill, and this above statement - tells me these folks have no clue what they are talking about.
  8. BayView

    Negative Gearing

    Andrew Bolt invites many Left folks on his show...including the Opposition Leader and others in their main party structure. He also has a Lib and a Lab in his panel each week - it cannot get more equal than that. The discussions are very interesting, and sometimes get animated, but they always...
  9. BayView

    Negative Gearing

    If this is the case, then why do shows such as Q&A have such a large representation of younger and left-leaning folks in the audiences? They should rename that show "The Colosseum"; The Audience and the panel are the Romans and the Lions, the Liberals are the Jews and slaves trotted out to...
  10. BayView

    Negative Gearing

    True. I haven't bought an IP for a number of years now (not able to due to house build and business purchase and subsequent massive going broke phase thereafter :rolleyes:), but I still look at properties every day on the websites and even go to local "open home" sessions in our area...
  11. BayView

    Negative Gearing

    That'd be no good; where's the victim sympathy theme in that?
  12. BayView

    Negative Gearing

    So, when Sydney was doing bugger-all earlier in this Century, and everyone was crying about the lack of growth; was that the evil NG investors forcing down/stopping the prices rising? :rolleyes:
  13. BayView

    Negative Gearing

    You are assuming that just because there are 50% of the market represented by investors; it is them who are forcing up the prices. If that percentage you quote is true, then it also means that 50% of the market are personal buyers looking for a PPoR. What are they doing? I'd bet my right...
  14. BayView

    Negative Gearing

    Correct. The problem with this whole discussion (especially in the media) is they are myopic in their assessment - there are literally thousands of places to buy cheaper-end properties around Aus. But the whole focus is on inner-city to middle-ring in Capital cities only; by the media, and...
  15. BayView

    Negative Gearing

    So, before you started buying (NG) properties 21 years ago, were the prices too high for you then, and were speculators and greedy LL's pushing up the prices outrageously? Back then, how did you overcome this disgraceful phenomenon and enter the property market? Incidentally, if you abolish...
  16. BayView

    Negative Gearing

    No ads, and it's funny to get the Lefty BS side of things... Then; tune into AB on Channel 10 on Sunday (recorded of course to avoid 10's ream of disgraceful ads as well) to have a chuckle and smirk at how disgraceful the ABC in its various forms was during the week. LOL.. Don't start me on...
  17. BayView

    Negative Gearing

    I'm just getting warmed up.
  18. BayView

    Negative Gearing

    There is a lot of noise recently about NG, and the supposed negative ramifications of it. But, most folks here are investors who support it and use it as a tool towards their goals. I listen to ABC radio at work, and am aware of their bias and leaning on many issues. It's a disgrace - we pay...
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