Australian Politics Forum - Neg gearing scare tactics from real estate scumbag

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30900
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #15 - May 18^th, 2016 at 8:28pm

crocodile wrote on May 18^th, 2016 at 4:47pm:

Sir lastnail wrote on May 18^th, 2016 at 3:44pm:

cods wrote on May 18^th, 2016 at 3:38pm:

rusty will have chiseled into his tomb stone...

here lies RUSTY..

he died with hate in his heart for all investors..

he could not stand to see one man prosper.

even if it meant putting another mans roof over his head....

you can prosper as much as you like but just don't do it at other tax payers expense. Take the risk and take the pain and stop expecting corporate welfare for your little property empires !!

Where's this other taxpayer's expense. I don't know of a single sole who's handed over their money to a negative gearer.

Tax deductions reduce government revenue by a significant amount each year so non-investors subsidising investors and so the government is less able to provide other programs.

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Neg gearing scare tactics from real estate scumbag Reply #16 - May 18^th, 2016 at 8:43pm Sir lastnail wrote on May 18^th, 2016 at 8:28pm: Tax deductions reduce government revenue by a significant amount each year s using that logic, you not paying more tax reduces govt. revenue ... lets double your tax rate
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

Honest Joe

Full Member

Offline

Australian Politics

Posts: 180
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #17 - May 18^th, 2016 at 9:01pm

Flipping is revenue for the government but does nothing for the real estate market while mortgages are astronomical compared to incomes. Something will give and everyone will go belly up. I think both sides of government know this. They're just playing the I dare you, no I dare you game!

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise. It may take longer but it puts another young family in the real estate market.

I'm with you on this lastnail. If you want to invest in this seemingly get rich scheme do it on your own back not the back of tax paying dollars and save our real estate market from catastrophe. We need a more sustainable system that looks out for future generations not this grab as much as you can now culture of greed. It's getting ridiculous.

Back to top

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30900
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #18 - May 18^th, 2016 at 9:02pm

John Smith wrote on May 18^th, 2016 at 8:43pm:

Sir lastnail wrote on May 18^th, 2016 at 8:28pm:

Tax deductions reduce government revenue by a significant amount each year s

using that logic, you not paying more tax reduces govt. revenue ...

lets double your tax rate

that's right. investors not paying tax reduces gov revenue. the solution is to make investors pay their fair share of tax by abolishing negative gearing Wink

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Neg gearing scare tactics from real estate scumbag Reply #19 - May 18^th, 2016 at 9:03pm Honest Joe wrote on May 18^th, 2016 at 9:01pm: First home buyers would also renovate so it's a load of cods wallop to suggest otherwise first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30900
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #20 - May 18^th, 2016 at 9:04pm

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

Flipping is revenue for the government but does nothing for the real estate market while mortgages are astronomical compared to incomes. Something will give and everyone will go belly up. I think both sides of government know this. They're just playing the I dare you, no I dare you game!

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise. It may take longer but it puts another young family in the real estate market.

I'm with you on this lastnail. If you want to invest in this seemingly get rich scheme do it on your own back not the back of tax paying dollars and save our real estate market from catastrophe. We need a more sustainable system that looks out for future generations not this grab as much as you can now culture of greed. It's getting ridiculous.

the house flippers can always invest in new properties but they are greedy and want existing properties where the established jobs and infrastructure are. They want a sure bet that is being subsidized by other tax payers !!

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #21 - May 18^th, 2016 at 9:37pm

Sir lastnail wrote on May 18^th, 2016 at 8:28pm:

crocodile wrote on May 18^th, 2016 at 4:47pm:

Sir lastnail wrote on May 18^th, 2016 at 3:44pm:

cods wrote on May 18^th, 2016 at 3:38pm:

rusty will have chiseled into his tomb stone...

here lies RUSTY..

he died with hate in his heart for all investors..

he could not stand to see one man prosper.

even if it meant putting another mans roof over his head....

you can prosper as much as you like but just don't do it at other tax payers expense. Take the risk and take the pain and stop expecting corporate welfare for your little property empires !!

Where's this other taxpayer's expense. I don't know of a single sole who's handed over their money to a negative gearer.

Tax deductions reduce government revenue by a significant amount each year so non-investors subsidising investors and so the government is less able to provide other programs.

Geez Nails, you really are a nonce. They get to claim it all back at a later date when it becomes positively geared or sold. Every last cent of it. Net change of tax revenue = precisely zero.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #22 - May 18^th, 2016 at 9:42pm

Sir lastnail wrote on May 18^th, 2016 at 9:04pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

Flipping is revenue for the government but does nothing for the real estate market while mortgages are astronomical compared to incomes. Something will give and everyone will go belly up. I think both sides of government know this. They're just playing the I dare you, no I dare you game!

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise. It may take longer but it puts another young family in the real estate market.

I'm with you on this lastnail. If you want to invest in this seemingly get rich scheme do it on your own back not the back of tax paying dollars and save our real estate market from catastrophe. We need a more sustainable system that looks out for future generations not this grab as much as you can now culture of greed. It's getting ridiculous.

the house flippers can always invest in new properties but they are greedy and want existing properties where the established jobs and infrastructure are. They want a sure bet that is being subsidized by other tax payers !!

Funny that. It's called return on investment. What's stopping all the other buyers moving on new properties. Tell me it's nothing to do with population one year growing by 400,000 and only 50,000 new dwellings built. Damn don't mention the supply side.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

Honest Joe

Full Member

Offline

Australian Politics

Posts: 180
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #23 - May 18^th, 2016 at 10:00pm

John Smith wrote on May 18^th, 2016 at 9:03pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise

first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated

That's perfect. A bit more paid off the place plus a little bit of capital allows the first home buyer to progress into a new build or better area and let the next young couple come along and buy and do the same thing. Now that's sustainable without being ridiculous. I started out on an oldie and replaced a deck, got some mates around to pull down the old fibro shed, probably asbestos and help me build something newer and more secure to keep me goodies. Gave it a fresh coat of paint and new carpet etc. Made a bit to help me move on into something a bit more modern in a better area for the kids and then eventually into my brand new home. Wasn't much mortgage stress at all because I didn't have to pay a ridiculously exorbitant price for my first home. Real estate is dodgy Sh!t that'll sink us I reckon. Slow the market down before we all lose.

Back to top

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30900
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #24 - May 18^th, 2016 at 10:00pm

John Smith wrote on May 18^th, 2016 at 9:03pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise

first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated

how come I keep hearing about record numbers of people doing home renovations ?

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #25 - May 18^th, 2016 at 10:25pm

Sir lastnail wrote on May 18^th, 2016 at 10:00pm:

John Smith wrote on May 18^th, 2016 at 9:03pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise

first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated

how come I keep hearing about record numbers of people doing home renovations ?

Cheaper to renovate than move. Don't blame the ridiculous stamp duty charges of course.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 78311
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #26 - May 18^th, 2016 at 10:38pm

Sir lastnail wrote on May 18^th, 2016 at 10:00pm:

John Smith wrote on May 18^th, 2016 at 9:03pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise

first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated

how come I keep hearing about record numbers of people doing home renovations ?

you seem confused ... you do understand what first home buyers are right?

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 117780
Melbourne
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #27 - May 18^th, 2016 at 11:17pm

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

Flipping is revenue for the government but does nothing for the real estate market while mortgages are astronomical compared to incomes. Something will give and everyone will go belly up. I think both sides of government know this. They're just playing the I dare you, no I dare you game!

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise. It may take longer but it puts another young family in the real estate market.

I'm with you on this lastnail. If you want to invest in this seemingly get rich scheme do it on your own back not the back of tax paying dollars and save our real estate market from catastrophe. We need a more sustainable system that looks out for future generations not this grab as much as you can now culture of greed. It's getting ridiculous.

The proposed negative gearing changes will not be retrospective so it may
cause of rush of property buying now.
After that - who knows?

Most landlords I know are making a loss especially
when tenants move out & they have to repair the wear & tear or
do a bit of renovating to make the place livable again.

Back to top

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30900
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #28 - May 19^th, 2016 at 10:49am

John Smith wrote on May 18^th, 2016 at 10:38pm:

Sir lastnail wrote on May 18^th, 2016 at 10:00pm:

John Smith wrote on May 18^th, 2016 at 9:03pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise

first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated

how come I keep hearing about record numbers of people doing home renovations ?

you seem confused ... you do understand what first home buyers are right?

I'm sure a landlord is going to go to great expense to renovate a place and bring it up to modern day expectations just for the next tenant Cheesy

LOL

Back to top

« Last Edit: May 19^th, 2016 at 10:55am by Sir lastnail »

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30900
Gender: male

Re: Neg gearing scare tactics from real estate scumbag
Reply #29 - May 19^th, 2016 at 10:51am

crocodile wrote on May 18^th, 2016 at 10:25pm:

Sir lastnail wrote on May 18^th, 2016 at 10:00pm:

John Smith wrote on May 18^th, 2016 at 9:03pm:

Honest Joe wrote on May 18^th, 2016 at 9:01pm:

First home buyers would also renovate so it's a load of cods wallop to suggest otherwise

first home buyers are generally cash strapped ... sure, they might improve it slowly over a 10 yr period, but by the time they finish it's already outdated

how come I keep hearing about record numbers of people doing home renovations ?

Cheaper to renovate than move. Don't blame the ridiculous stamp duty charges of course.

Well that's a good argument to replace stamp duty with revenue obtained from abolishing negative gearing. A win win for first home buyers Wink

Back to top

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

IP Logged