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Possibly, but perception is often more important than truth. If the opposition can spin it well enough, people will believe it. Even more imporantly, if Rudd and co think that the masses believe in it, and/or that the opposition can convince voters of it, then they won't take the risk...

So negatively gearing shares still went under ordinary income. Were there specific rules where, say, someone refinanced property and used the proceeds to buy shares?

When they quarantined property losses as its own income type, how was negative gearing for shares treated? Was property income/losses segregated separately, and ng for shares continued to be calculated as ordinary income?

Actually, no. At the end of the day it depends on what Rudd and co decides. The report might be made public, but that doesn't mean the government will adopt it. Has Swan ever said he's going to adopt any part of the Henry report? You don't think commissioned reports get shelved...

Unfortunately for young people, the majority of voters aren't young. Will Rudd try to grab the young fhb demographic and risk alienating the homeowner demographic (which is about 2/3 of the population, by definition the majority)? If he does, he IS insane.

Then wait until you think the market is undervalued. What's the problem? You express a concern about how the market might go, and you use emotional, paranoid arguments against what I think is more logical reasoning by other people. Then you push back when it's suggested that you just stay out of...

If that's what you believe, Pickle, then don't buy property. There are plenty of asset classes out there.

It seems to be pretty much entrenched 'knowledge' (apparently it might not have been real, but if everyone believes it, the truth doesn't always matter) that cutting ng will cause rents to jump. Certainly short term it'll introduce a lot of uncertainty into the market. The opposition would...