Folks,
I am not sure how wide spread this is...but there is a rising sentiment amongst pollies to remove negative gearing.
Now we all know that would mean rising costs for for landlords and rents would skyrocket in short term / longterm.(Keating et al). But besides this scenario what are the other possible situations that SSians can think of ?
Here is a report which illustrates the effects NG is having on prop market.
http://www.aph.gov.au/Senate/committee/hsaf_ctte/submissions/sub25.pdf
But let us just say as this guy suggests...pollies do this then how would things pan out ?
What if NG is retained retrospectively but is removed for any further purchases of existing props ? How would this affect CG on existing properties ? How was CG affected when NG was removed for a brief period ?
Have we been here before ?
Also they are proposing incentives (6000/yr for next 10 yrs) for investors to put money in new developments / buildings.
Where are these props ? Is / Will anyone from SS buying there ? How are the figures stacking up ?
Author above says he is afraid of having a two tiered society in Australia. And his proposals to correct it. So will these really work ? Or will it be a short term remedy ? Is this a left wing attempt of correcting ills of society ? Or is he suggesting some fundamentally different that would hurt SSians ?
Some here believe in a two tiered society. Renters & Landlords. Nothing wrong with that I suppose. Or is it..??
I am not sure how wide spread this is...but there is a rising sentiment amongst pollies to remove negative gearing.
Now we all know that would mean rising costs for for landlords and rents would skyrocket in short term / longterm.(Keating et al). But besides this scenario what are the other possible situations that SSians can think of ?
Here is a report which illustrates the effects NG is having on prop market.
http://www.aph.gov.au/Senate/committee/hsaf_ctte/submissions/sub25.pdf
But let us just say as this guy suggests...pollies do this then how would things pan out ?
What if NG is retained retrospectively but is removed for any further purchases of existing props ? How would this affect CG on existing properties ? How was CG affected when NG was removed for a brief period ?
Have we been here before ?
Also they are proposing incentives (6000/yr for next 10 yrs) for investors to put money in new developments / buildings.
Where are these props ? Is / Will anyone from SS buying there ? How are the figures stacking up ?
Author above says he is afraid of having a two tiered society in Australia. And his proposals to correct it. So will these really work ? Or will it be a short term remedy ? Is this a left wing attempt of correcting ills of society ? Or is he suggesting some fundamentally different that would hurt SSians ?
Some here believe in a two tiered society. Renters & Landlords. Nothing wrong with that I suppose. Or is it..??