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  1. wategos

    The Abolishment of the Negative Gearing Debate

    They're not. The post by shadow includes all property, not just investors, so divide it by 3. And delete rates, they are paying for a service, not a tax. And negative gearing costs are nearly double that. Real investors would welcome the abolition of negative gearing, it gives an unfair...
  2. wategos

    The Abolishment of the Negative Gearing Debate

    Both, the two groups don't have a monopoly on those characteristics. Plenty of irrational investors & careful home owner buyers. I've seen many home buyers lose out at auction to investors willing to pay more, pushing up prices.
  3. wategos

    The Abolishment of the Negative Gearing Debate

    30% of buyers are investors. Say 1/3 of them wouldn't buy without negative gearing, so that's 10%. Removing 10% demand would result in lower prices (& hence better yields for invetors), greater home ownership, & lower private debt. All good things.
  4. wategos

    The Abolishment of the Negative Gearing Debate

    Negative gearing has robbed tens of thousands of families from owning their own home & given them to subsidised speculators instead. The arguments here in favour of it are a joke, 95% of speculators buy existing homes.
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