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It has to end badly.
It has to end badly.You'd be talking to the hand of most youngens today, Divs.
Credit cards maxed out 99% of the time, holidays every year, christmas shopping trolley full of plastic crap they throw out after a few months. SUV or 4wd that uses twice the fuel to get around in.
If you are in the situation of not enough income, crazy prices, there are still options:Correct, the problem is so big that for most people there is literally no way to think, manoeuvre, or otherwise get around it.
Landlords and taxpayers are subsidising renters. LolIf you are in the situation of not enough income, crazy prices, there are still options:
Move: jobs, country,regional etc.
Buy 3 Bedrooms, sublease 2
After all , sublease are very high too.
Or just buy an ip if you really really want to get in the re market.
Carry on letting, currently landlords are subsidising renters enjoy it.
And enjoy the fact that if the market collapses, you will have capital losses to claim..better that the suckers with ppor...
But they do..Landlords and taxpayers are subsidising renters. Lol
Jump on the ponzi.
And if they are burnt badly, we hear about it endlessly.But they do..
From a landlords perspective yes, negative gearing basically is taxpayers giving landlords a cheaper housing loan, from what I understand.Taxpayers subsidising renters via rebates on negative yields.
Therein lies the problem.The thing is that NG is there for everyone to use, it's like the CGT discount, it's voluntary to use the discount rate after a year or would you rather pay the full rate for the sake of paying more tax?
All these people holding money in the bank, getting eaten up by yearly inflation, are better off taking a loan out for an empty block of land or a cheap flat, as they tend to beat inflation and at least with the flat they can make use of negative gearing. Once they have equity built up they can sell and buy into their own home.
You know we're a country of wasted wealth, the govt could have skimmed resources but hey everyone wants to live it up with holidays to Bali and buy new cars every 5 years.Therein lies the problem.
No money left for nation building, all locked up in the ponzi.
I agree, my first house, was chopped in half, carried on trucks 200km and re stumped. LolYou know we're a country of wasted wealth, the govt could have skimmed resources but hey everyone wants to live it up with holidays to Bali and buy new cars every 5 years.
A roof over your head is still better than paying for someone's investment through high rents. No govt is going to help you I've found, you have to help yourself. I'd live in a tin shed if I had to.
but that was how SOME boomers/ and older afforded to buy the house ( not still be in a mortgage/reverse mortgage )You'd be talking to the hand of most youngens today, Divs.
Credit cards maxed out 99% of the time, holidays every year, christmas shopping trolley full of plastic crap they throw out after a few months. SUV or 4wd that uses twice the fuel to get around in.
but they ( the various governments ) DID skim , it is called royalties , add on various taxes fees , charges , and demands mines put in extra infrastructure ( outside of the mine lease )You know we're a country of wasted wealth, the govt could have skimmed resources but hey everyone wants to live it up with holidays to Bali and buy new cars every 5 years.
A roof over your head is still better than paying for someone's investment through high rents. No govt is going to help you I've found, you have to help yourself. I'd live in a tin shed if I had to.
some investors still love negative gearing ( as temporary as that may be )Landlords and taxpayers are subsidising renters. Lol
Jump on the ponzi.
Companies like Santos barely paid any tax for a few years, and they made income in the billions.but they ( the various governments ) DID skim , it is called royalties , add on various taxes fees , charges , and demands mines put in extra infrastructure ( outside of the mine lease )
it just wasn't spent wisely
Therein lies the problem.
No money left for nation building, all locked up in the ponzi.
Yes, as long as it is the same for everyone, as opposed to last time where the poor and smsf were going to lose them but industry funds and billionaires were goung to keep them.And franking credits? You voted against NG removal….eh?
Basically, a renter does not cover the cost of what they lease, so it is subsidizedFrom a landlords perspective yes, negative gearing basically is taxpayers giving landlords a cheaper housing loan, from what I understand.
A very different issue.franking credits?
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