Australian Politics Forum - "Don't play with neg gearing"The ads have started

stunspore

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Re: "Don't play with neg gearing"The ads have started
Reply #15 - Feb 22^nd, 2016 at 7:32pm

Dnarever wrote on Feb 22^nd, 2016 at 6:37pm:

Aussie wrote on Feb 22^nd, 2016 at 3:20pm:

polite_gandalf wrote on Feb 22^nd, 2016 at 3:12pm:

newspoll today - 47% support labs plan, 30 something percent oppose.

They have to do something I guess

In Question Time today, Turnbull was quoting a figure that 37% of buyers would drop out of the market if the ALP was able to introduce their negative gearing plans. Okay, that means at an auction for an existing dwelling, they will still be 63% of the market wanting to buy, but they will not be investors.

So, at present (to round up the figures) ~ pre ALP plan, there were 10 genuine buyers for a home.; post ALP plan, there will be 6 genuine buyers who want a home to live in.

If that means a drop in price, it won't be much of a drop. There will still be a healthy market. Just not overseas yankers killing young Australian hopefulls off.

pre ALP plan, there were 10 genuine buyers for a home.; post ALP plan, there will be 6 genuine buyers who want a home to live in.

Expand that out and you may well find that there were 30 genuine buyers for 30 homes and under the new position there may be something like 24 buyers for 30 homes ?

So Turnbull (and his source) are that credible in their assertions/modelling? It would be more homebuyers and less investment driven on exisiting dwellings, with renters switching to homebuying to some degree.

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Its time

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Re: "Don't play with neg gearing"The ads have started
Reply #16 - Feb 22^nd, 2016 at 8:17pm

Turdbulls angle was a high proportion of Bowens electorate indulge in some negative gearing and that he would lose his seat if he followed this through , all turdbull did was reiterate that he doesnt care that first homebuyers have to spend near on a mil to buy a house in Sydney and that he once again looks down upon people that dont have investment properties

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BatteriesNotIncluded

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people died for this!

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Re: "Don't play with neg gearing"The ads have started
Reply #17 - Feb 22^nd, 2016 at 9:38pm

Sir lastnail wrote on Feb 22^nd, 2016 at 2:52pm:

Yep the propaganda and scare merchants are working over time at the liberaly party headquarters and the claim is that if labor plays with negative gearing then that will effect house prices and housing availability even though only 7% of NG properties are new housing Cheesy

LOL

Yeh right Malcolm. Who's paying for this BS ?

He is going down in flames: break out the popcorn because Malcolm is officially fingered!

...and don't bill shorten know it!!

Peter van onselon smashed Turnbull in circa 4 paragraphs the other day and we all know what that means!!!

Cheesy

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*Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) *

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Dnarever

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Re: "Don't play with neg gearing"The ads have started
Reply #18 - Feb 22^nd, 2016 at 10:16pm

stunspore wrote on Feb 22^nd, 2016 at 7:32pm:

Dnarever wrote on Feb 22^nd, 2016 at 6:37pm:

Aussie wrote on Feb 22^nd, 2016 at 3:20pm:

polite_gandalf wrote on Feb 22^nd, 2016 at 3:12pm:

newspoll today - 47% support labs plan, 30 something percent oppose.

They have to do something I guess

In Question Time today, Turnbull was quoting a figure that 37% of buyers would drop out of the market if the ALP was able to introduce their negative gearing plans. Okay, that means at an auction for an existing dwelling, they will still be 63% of the market wanting to buy, but they will not be investors.

So, at present (to round up the figures) ~ pre ALP plan, there were 10 genuine buyers for a home.; post ALP plan, there will be 6 genuine buyers who want a home to live in.

If that means a drop in price, it won't be much of a drop. There will still be a healthy market. Just not overseas yankers killing young Australian hopefulls off.

pre ALP plan, there were 10 genuine buyers for a home.; post ALP plan, there will be 6 genuine buyers who want a home to live in.

Expand that out and you may well find that there were 30 genuine buyers for 30 homes and under the new position there may be something like 24 buyers for 30 homes ?

So Turnbull (and his source) are that credible in their assertions/modelling? It would be more homebuyers and less investment driven on exisiting dwellings, with renters switching to homebuying to some degree.

It would be more homebuyers

How can there be more home buyers, there is nothing that changes the number of people who can afford to purchase a home just a reduction in the number of investors who would want too.

The other variable is do you get a glut of housing on the market from people trying to get out of housing investment likely early or do you get a stagnant market with nobody selling, likely later.

Nothing surer than anyone with investment property who does not divest will be on a positive gearing model. Hope people understand what that means.

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