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  1. BayView

    negative gearing review by Govt - what is the status??

    TF wants us all to set up companies and run our IP's through them like a normal company, and only then can we take our tax deductions from NG. The problem as I've said before; no-one will do it if there is going to be a neg cashflow. With a real business, the owners can live off the earnings...
  2. BayView

    negative gearing review by Govt - what is the status??

    Every house we own, except the one we live in, is tenanted. Conversely, I have 2 mates who between them own 4 holiday houses; 2 at the beach, 2 at the snow. They all sit vacant for round 48 weeks per year. In the street where our PPoR (now an IP) is, there are 10 houses (we live in a...
  3. BayView

    negative gearing review by Govt - what is the status??

    From the Govt's point of view, they are not subsidising "poor investments". They are subsidising investors so the Govt doesn't have to provide the housing themselves. I am getting rather sick of repeating this. LET ME REPEAT THIS ONE MORE TIME; THE COST TO THE GOVT OF PROVIDING TAX BENEFITS...
  4. BayView

    negative gearing review by Govt - what is the status??

    Answers in blue TF The problem with this TF, is you still have the issue of the IP investor not being able to service their IP's without the tax benefits (in most cases). If you increase the cap gain component through offsetting the losses against it, there is still not a lot of incentive as...
  5. BayView

    negative gearing review by Govt - what is the status??

    Now you're talkin! Let's take it further; give the refund cheques to all our tenants who want to buy/build a house - but can't afford to. And, I'm moving into my tent down on the foreshore so someone who needs to rent the place I'm living in can have it.
  6. BayView

    negative gearing review by Govt - what is the status??

    I thought the baby bonus was pretty stupid too; not because it is actually stupid per se, but because it was applied to a society of humans that are largely going broke on a daily basis due to their financial practices, so giving them a shot in the arm of cash won't fix anything - except win a...
  7. BayView

    negative gearing review by Govt - what is the status??

    Answers in blue TF. I take it TF that you are resentful of investors receiving neg gearing benefits on IP's? Why? To me, this is a victim mentality. Those benefits are in place for EVERYONE to enjoy - if they are brave enough to go out and take them. No-one is being excluded from this...
  8. BayView

    negative gearing review by Govt - what is the status??

    Yours are the words of a true employee. Go out and run a business for a couple of decades and then see how your perspective is. Answers in red.
  9. BayView

    negative gearing review by Govt - what is the status??

    What an absurd statement. On top of saying the houses will be worth 50% of their value any day now, now you're telling us it's bad to make a profit?? If I could make say, $1 million a year from a passive income, without having to get out of bed to earn it, and then have to pay even say...
  10. BayView

    negative gearing review by Govt - what is the status??

    Nonsense, and you're just stirring the pot to try and upset everyone. But I'll bite; I've got nothing to do this morning. Back in 2001 I bought an IP that had NO rental increases for 3 years due to the soft rental market. Imagine what the situation would be like if every investor only built new...
  11. BayView

    negative gearing review by Govt - what is the status??

    If we're not providing housing, what is it that we are actually providing then for all out tenants that live in them?
  12. BayView

    negative gearing review by Govt - what is the status??

    I remember the Tassie boom back in early 2000's where properties were selling over the asking almost every time because the yields were so good. Once the yields dropped too far, the investors disappeared, and many of the areas proved to be basically duds with few renters and no cap growth. The...
  13. BayView

    negative gearing review by Govt - what is the status??

    HG, investors don't bid up the price of houses - EVER. The investors who do; don't remain investors for long. That is what the emotional owner occupier does who wants to live in it. I've made offers on dozens of houses that I would love to own as an investor, but some whacker outbid me...
  14. BayView

    negative gearing review by Govt - what is the status??

    How are specufestors responsible for the economic woes of the population, when all we do is save really hard, then buy a property for as cheaply as we can using our savings, then sit on it for a few years until the prices go up, and then do it again, but this time using our own equity to do it...
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