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Perfect storm gathers for the Housing Market (Read 1198 times)
Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #45 - Mar 21st, 2017 at 8:49am
 
Gordon wrote on Mar 21st, 2017 at 8:40am:
Sir lastnail wrote on Mar 21st, 2017 at 8:35am:
Gordon wrote on Mar 21st, 2017 at 7:32am:
Reduce demand or increase supply

That is all


You can reduce demand and increase supply in one hit by abolishing neg gearing and cap gains tax discounts with no grand fathering ! This will discourage speculators and investors from entering  the market because they will no longer have the financial incentives to borrow more and write off their losses. They may also have to divest themselves of their investments because they can no longer service their loans.



I buy property with CG in mind and the tax advantage is sfa.

Prices are going bananas in Sydney because there are 2000 people getting off planes every week with bags full of loot.  Lots of buyers with not much stock

Sydney is also one of the best cities in the world.

Create supply or reduce demand or both


Let those foreigners buy brand new stock or nothing at all !! It's really quite simple.
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"When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Luke Muehlhauser
 
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Gordon
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Re: Perfect storm gathers for the Housing Market
Reply #46 - Mar 21st, 2017 at 8:55am
 
Sir lastnail wrote on Mar 21st, 2017 at 8:49am:
Gordon wrote on Mar 21st, 2017 at 8:40am:
Sir lastnail wrote on Mar 21st, 2017 at 8:35am:
Gordon wrote on Mar 21st, 2017 at 7:32am:
Reduce demand or increase supply

That is all


You can reduce demand and increase supply in one hit by abolishing neg gearing and cap gains tax discounts with no grand fathering ! This will discourage speculators and investors from entering  the market because they will no longer have the financial incentives to borrow more and write off their losses. They may also have to divest themselves of their investments because they can no longer service their loans.



I buy property with CG in mind and the tax advantage is sfa.

Prices are going bananas in Sydney because there are 2000 people getting off planes every week with bags full of loot.  Lots of buyers with not much stock

Sydney is also one of the best cities in the world.

Create supply or reduce demand or both


Let those foreigners buy brand new stock or nothing at all !! It's really quite simple.


Agree but People with PR or newly minted citizenship also buy property for extended family.

I know the action scene in Sydney, it's hectic.
Curries, Chinese,  all buy buy buy
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Wokka Wokka Wokka
 
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Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #47 - Mar 21st, 2017 at 9:34am
 
Gordon wrote on Mar 21st, 2017 at 8:55am:
Sir lastnail wrote on Mar 21st, 2017 at 8:49am:
Gordon wrote on Mar 21st, 2017 at 8:40am:
Sir lastnail wrote on Mar 21st, 2017 at 8:35am:
Gordon wrote on Mar 21st, 2017 at 7:32am:
Reduce demand or increase supply

That is all


You can reduce demand and increase supply in one hit by abolishing neg gearing and cap gains tax discounts with no grand fathering ! This will discourage speculators and investors from entering  the market because they will no longer have the financial incentives to borrow more and write off their losses. They may also have to divest themselves of their investments because they can no longer service their loans.



I buy property with CG in mind and the tax advantage is sfa.

Prices are going bananas in Sydney because there are 2000 people getting off planes every week with bags full of loot.  Lots of buyers with not much stock

Sydney is also one of the best cities in the world.

Create supply or reduce demand or both


Let those foreigners buy brand new stock or nothing at all !! It's really quite simple.


Agree but People with PR or newly minted citizenship also buy property for extended family.

I know the action scene in Sydney, it's hectic.
Curries, Chinese,  all buy buy buy


yes all buy buy with borrowed money. I'm surprised that they can get loans from chinese banks as the chinese government has put a stranglehold on any money leaving the country.
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"When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Luke Muehlhauser
 
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red baron
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Re: Perfect storm gathers for the Housing Market
Reply #48 - Mar 22nd, 2017 at 7:49am
 
Yes Sir Last Nail and people are being arrested who try to shipout more than 10K
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red baron
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Re: Perfect storm gathers for the Housing Market
Reply #49 - Mar 22nd, 2017 at 7:54am
 
Disagree Bobby 100% of nothing is nothing. There is too much money to be earned to pull out of Australia because you have to taxes.

If Turnbull had the balls to go after the multi nationals and make them pay or else lose their ticket to trade here, they would be reaching for their wallets faster than Billy the Kid
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