Or those who have time and a deposit on their side.Another question is what will be the immigration intake while there is no vaccine. That would be a source of buyers and also renters which will be negligible if immigration is zero or close to zero.
So, good buying opportunities for those who have the money, another case of the rich getting richer.
ahh ideology...Too ingrainedSo, good buying opportunities for those who have the money, another case of the rich getting richer.
Another thing Rumpy, you can't have it all ways, when silly Billy was going to decimate established home prices you said it was great.So, good buying opportunities for those who have the money, another case of the rich getting richer.
You can but things need to be cappedAnother thing Rumpy, you can't have it all ways, when silly Billy was going to decimate established home prices you said it was great.
But the rich would have cleaned up, with that plan.
The rich will always get richer, because they have money to invest.
Yes lift the top tax bracket back to 60cents as it used to be, that caps the rich, introduce it at $180k.You can but things need to be capped
Another thing Rumpy, you can't have it all ways, when silly Billy was going to decimate established home prices you said it was great.
Yes lift the top tax bracket back to 60cents as it used to be, that caps the rich, introduce it at $180k.
Personal income tax top marginal rate
Only joking, you are right everything requires a sliding scale applied to it, as no matter what it is if there is a line between getting something and not getting it, there will be inequity.
I was just highlighting, to someone on $250k, how they in years gone by would have been hammered lol.I don't mind a higher MTR, but $180k is waaay too low IMO. That's one area where Bill stuffed up. He talked about the 'top end of town' but his policies were set to smash the middle class more than anything.
While i agree reality check overdue, i do not hope it is really bad, as really bad means everything will be seized from me, and i do not have time to rebuilt here or oversea.I hope this recession is really bad a reality check is way overdue
I was just highlighting, to someone on $250k, how they in years gone by would have been hammered lol.
From memory the 60% tax rate cut in at about $35k in 1986, that was what a foreman in the workshop was on, so any O/T was taxed at 60 cents in the dollar.
Also they were probably paying a mortgage at 18% interest, now those people are despised if they saved to self fund.
We have produced a weird society, that will implode on its own IMO, jeez I hope this recession is really bad a reality check is way overdue.
Also they were probably paying a mortgage at 18% interest, now those people are despised if they saved to self fund.
We have produced a weird society, that will implode on its own IMO, jeez I hope this recession is really bad a reality check is way overdue.
Why? people have done nothing but complain about over inflated asset prices for the last 10 years, now the time comes when there is a chance that asset prices can be reset to realistic levels and everyone gets out of shape about it.What a disgusting thing to say, that you hope a recession is going to be really bad.
Why? people have done nothing but complain about over inflated asset prices for the last 10 years, now the time comes when there is a chance that asset prices can be reset to realistic levels and everyone gets out of shape about it.
Don't talk nonsense, those on welfare stay on welfare, those who lose a job go on welfare, the rich get poorer. The poor stay poor.What kind of bull**** myopic thinking makes up your brain?
People die more in recessions. People can't get medical care as easily. Homelessness goes up. Domestic violence goes up.
What the ****.
I seem to remember saying something similar before the election regarding the Neg gearingWhy? people have done nothing but complain about over inflated asset prices for the last 10 years, now the time comes when there is a chance that asset prices can be reset to realistic levels and everyone gets out of shape about it.
There is every chance after a recession, that the young people will be able to get into the housing market again, usually it is only the geared that get hammered heavily in a recession.
Time some people took a spoon of cement, princess.
It has to happen, otherwise asset values just continue to rise unabated, then the gap between the have and have nots just gets bigger and bigger.I seem to remember saying something similar before the election regarding the Neg gearing
But falling house prices in a recession combined with high debt leading to negative equity is bad news all round for everyone whether it's self inflicted or not. Just my view
Without a readjusted Govt policy they would probably blow out of proportion. It's one of the reasons I think the fed Govt should revisit negative gearing and state Govts look at their stamp duty % for expensive highrises held together with elastic bands and gold claddingIt has to happen, otherwise asset values just continue to rise unabated, then the gap between the have and have nots just gets bigger and bigger.
There really isn't a nice way of resetting, the elastic band gets streched and streched, then something comes along and twang it comes screaming back.
What would the price of a house in Sydney or Melbourne be, in 10 years, if they just continued on their merry way?
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