Australian Politics Forum - If they are hell bent on keeping negative gearing.

Bobby.

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Re: If they are hell bent on keeping negative gearing.
Reply #30 - Jun 21^st, 2023 at 6:28pm

There is no investment into Australia -
we're only interested in property Ponzi schemes.

Even overseas companies don't invest here:

https://www.timesofisrael.com/intel-to-invest-unprecedented-25-billion-in-chip-m...

Intel to invest ‘unprecedented’ $25 billion in chip manufacturing plant in Israel

Netanyahu hails investment as largest ever by a global private company in the country;
Kiryat Gat plant to hire thousands

By Sharon Wrobel 18 June 2023, 4:36 pm

US semiconductor giant Intel Corp. has inked an agreement in principle with the Israeli government to build a chip manufacturing plant in Kiryat Gat at an investment of $25 billion.

Prime Minister Benjamin Netanyahu said the Intel investment was “unprecedented” in Israel and would go toward building a chip manufacturing plant that will use the most advanced technology in the world. In 2019, Intel already held talks for an investment of around $10 billion into building the Kiryat Gat chip plant.

“This is the largest investment ever in the State of Israel,” Netanyahu said at the weekly cabinet meeting on Sunday. “This is an expression of great confidence in the Israeli economy and exactly reflects the strength of the free economy that we have built here, and the technological economy that we are developing here.”

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Sir lastnail Gold Member Offline Australian Politics Posts: 30923 Gender:	Re: If they are hell bent on keeping negative gearing. Reply #31 - Jun 21^st, 2023 at 6:53pm They never invest here do they. We just get the fish that john west reject Just lots of sh.t telemarketer jobs Hey Lisa this is what Australia is all about. Property hoarders and gofers mining for dirt. Zero value add. Aussies are lazy bastards
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Bobby.

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Re: If they are hell bent on keeping negative gearing.
Reply #32 - Jun 21^st, 2023 at 7:04pm

Sir lastnail wrote on Jun 21^st, 2023 at 6:53pm:

They never invest here do they. We just get the fish that john west reject Sad

Just lots of sh.t telemarketer jobs Sad

Hey Lisa this is what Australia is all about. Property hoarders and gofers mining for dirt. Zero value add. Aussies are lazy bastards Sad

Hi sir Nail,
we don't process enough of what we mine -
we sell Yellowcake but not Uranium fuel rods or pellets -

we sell Lithium but not batteries -

we sell silicon but not solar panels etc etc

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Lisa Jones

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Re: If they are hell bent on keeping negative gearing.
Reply #33 - Jun 21^st, 2023 at 7:08pm

Sir lastnail wrote on Jun 21^st, 2023 at 12:08pm:

Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:

freediver wrote on Jun 21^st, 2023 at 6:45am:

Sir lastnail wrote on Jun 20^th, 2023 at 2:51pm:

And they keep telling us that removing negative won't increase supply then a simple solution is to limit negative gearing to brand new house and land packages instead of recycling the same old dumps that were built 50 years ago. This will encourage the property hoarders to invest in new houses which will increase supply. Problem solved, otherwise it is just a tax avoidance scheme for the non productive side of the economy who won't invest in anything else Sad

https://www.youtube.com/watch?v=M1maTkeUSMM&t=1631s

Perhaps you should seek to understand why "they" want to keep negative gearing before offering economic advice.

Freediver

Just a bit of background info: Last Nail is a friend from Yahoo who has maintained a long held belief that people should invest their money in shares only...NOT real estate.

Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says Wink

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

The billionaire who is happy to pay more tax than he should

“We aren’t really good at the creative businesses, but Australia has a lot of creative ideas,” Mr Petty tells How I Made It.

“There’s a lot of people who actually have good ideas and a lot of people that want manufacturing. I think what is depressing is the business people here are in some ways letting it down.”

He takes aim at “insane” accounting standards, which favour property and mining enterprises.

“They can’t literally value IP,” he says.

This billionaire guy ??? 👇

https://www.afr.com/property/residential/rich-lister-buys-home-for-9-9m-in-frant...

Oh he’s investing in real estate Last Nail. Blue chip real estate. Have you another example?

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Sir lastnail

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Re: If they are hell bent on keeping negative gearing.
Reply #34 - Jun 21^st, 2023 at 7:16pm

Lisa Jones wrote on Jun 21^st, 2023 at 7:08pm:

Sir lastnail wrote on Jun 21^st, 2023 at 12:08pm:

Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:

freediver wrote on Jun 21^st, 2023 at 6:45am:

Sir lastnail wrote on Jun 20^th, 2023 at 2:51pm:

And they keep telling us that removing negative won't increase supply then a simple solution is to limit negative gearing to brand new house and land packages instead of recycling the same old dumps that were built 50 years ago. This will encourage the property hoarders to invest in new houses which will increase supply. Problem solved, otherwise it is just a tax avoidance scheme for the non productive side of the economy who won't invest in anything else Sad

https://www.youtube.com/watch?v=M1maTkeUSMM&t=1631s

Perhaps you should seek to understand why "they" want to keep negative gearing before offering economic advice.

Freediver

Just a bit of background info: Last Nail is a friend from Yahoo who has maintained a long held belief that people should invest their money in shares only...NOT real estate.

Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says Wink

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

The billionaire who is happy to pay more tax than he should

“We aren’t really good at the creative businesses, but Australia has a lot of creative ideas,” Mr Petty tells How I Made It.

“There’s a lot of people who actually have good ideas and a lot of people that want manufacturing. I think what is depressing is the business people here are in some ways letting it down.”

He takes aim at “insane” accounting standards, which favour property and mining enterprises.

“They can’t literally value IP,” he says.

This billionaire guy ??? 👇

https://www.afr.com/property/residential/rich-lister-buys-home-for-9-9m-in-frant...

Oh he’s investing in real estate Last Nail. Blue chip real estate. Have you another example?

And where did he get the money for that Lisa ? If he did what you prescribed to we'd all still be living in caves rubbing sticks together with zero progress.

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

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Lisa Jones

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Re: If they are hell bent on keeping negative gearing.
Reply #35 - Jun 21^st, 2023 at 7:19pm

Sir lastnail wrote on Jun 21^st, 2023 at 7:16pm:

Lisa Jones wrote on Jun 21^st, 2023 at 7:08pm:

Sir lastnail wrote on Jun 21^st, 2023 at 12:08pm:

Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:

freediver wrote on Jun 21^st, 2023 at 6:45am:

Sir lastnail wrote on Jun 20^th, 2023 at 2:51pm:

And they keep telling us that removing negative won't increase supply then a simple solution is to limit negative gearing to brand new house and land packages instead of recycling the same old dumps that were built 50 years ago. This will encourage the property hoarders to invest in new houses which will increase supply. Problem solved, otherwise it is just a tax avoidance scheme for the non productive side of the economy who won't invest in anything else Sad

https://www.youtube.com/watch?v=M1maTkeUSMM&t=1631s

Perhaps you should seek to understand why "they" want to keep negative gearing before offering economic advice.

Freediver

Just a bit of background info: Last Nail is a friend from Yahoo who has maintained a long held belief that people should invest their money in shares only...NOT real estate.

Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says Wink

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

The billionaire who is happy to pay more tax than he should

“We aren’t really good at the creative businesses, but Australia has a lot of creative ideas,” Mr Petty tells How I Made It.

“There’s a lot of people who actually have good ideas and a lot of people that want manufacturing. I think what is depressing is the business people here are in some ways letting it down.”

He takes aim at “insane” accounting standards, which favour property and mining enterprises.

“They can’t literally value IP,” he says.

This billionaire guy ??? 👇

https://www.afr.com/property/residential/rich-lister-buys-home-for-9-9m-in-frant...

Oh he’s investing in real estate Last Nail. Blue chip real estate. Have you another example?

And where did he get the money for that Lisa ? If he did what you prescribed to we'd all still be living in caves rubbing sticks together with zero progress.

Oh so investing $10 million in real estate is ok after all.

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Sir lastnail

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Re: If they are hell bent on keeping negative gearing.
Reply #36 - Jun 21^st, 2023 at 7:20pm

Lisa Jones wrote on Jun 21^st, 2023 at 7:19pm:

Sir lastnail wrote on Jun 21^st, 2023 at 7:16pm:

Lisa Jones wrote on Jun 21^st, 2023 at 7:08pm:

Sir lastnail wrote on Jun 21^st, 2023 at 12:08pm:

Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:

freediver wrote on Jun 21^st, 2023 at 6:45am:

Sir lastnail wrote on Jun 20^th, 2023 at 2:51pm:

And they keep telling us that removing negative won't increase supply then a simple solution is to limit negative gearing to brand new house and land packages instead of recycling the same old dumps that were built 50 years ago. This will encourage the property hoarders to invest in new houses which will increase supply. Problem solved, otherwise it is just a tax avoidance scheme for the non productive side of the economy who won't invest in anything else Sad

https://www.youtube.com/watch?v=M1maTkeUSMM&t=1631s

Perhaps you should seek to understand why "they" want to keep negative gearing before offering economic advice.

Freediver

Just a bit of background info: Last Nail is a friend from Yahoo who has maintained a long held belief that people should invest their money in shares only...NOT real estate.

Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says Wink

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

The billionaire who is happy to pay more tax than he should

“We aren’t really good at the creative businesses, but Australia has a lot of creative ideas,” Mr Petty tells How I Made It.

“There’s a lot of people who actually have good ideas and a lot of people that want manufacturing. I think what is depressing is the business people here are in some ways letting it down.”

He takes aim at “insane” accounting standards, which favour property and mining enterprises.

“They can’t literally value IP,” he says.

This billionaire guy ??? 👇

https://www.afr.com/property/residential/rich-lister-buys-home-for-9-9m-in-frant...

Oh he’s investing in real estate Last Nail. Blue chip real estate. Have you another example?

And where did he get the money for that Lisa ? If he did what you prescribed to we'd all still be living in caves rubbing sticks together with zero progress.

Oh so investing $10 million in real estate is ok after all.

Where did he get the money from Lisa ?? Flipping properties ?? Cheesy

LOL

Also read the original article. He likes paying his fair share of tax whereas you property hoarders like avoiding it Sad

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

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Lisa Jones

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Re: If they are hell bent on keeping negative gearing.
Reply #37 - Jun 21^st, 2023 at 7:29pm

Sir lastnail wrote on Jun 21^st, 2023 at 7:20pm:

Lisa Jones wrote on Jun 21^st, 2023 at 7:19pm:

Sir lastnail wrote on Jun 21^st, 2023 at 7:16pm:

Lisa Jones wrote on Jun 21^st, 2023 at 7:08pm:

Sir lastnail wrote on Jun 21^st, 2023 at 12:08pm:

Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:

freediver wrote on Jun 21^st, 2023 at 6:45am:

Sir lastnail wrote on Jun 20^th, 2023 at 2:51pm:

And they keep telling us that removing negative won't increase supply then a simple solution is to limit negative gearing to brand new house and land packages instead of recycling the same old dumps that were built 50 years ago. This will encourage the property hoarders to invest in new houses which will increase supply. Problem solved, otherwise it is just a tax avoidance scheme for the non productive side of the economy who won't invest in anything else Sad

https://www.youtube.com/watch?v=M1maTkeUSMM&t=1631s

Perhaps you should seek to understand why "they" want to keep negative gearing before offering economic advice.

Freediver

Just a bit of background info: Last Nail is a friend from Yahoo who has maintained a long held belief that people should invest their money in shares only...NOT real estate.

Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says Wink

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

The billionaire who is happy to pay more tax than he should

“We aren’t really good at the creative businesses, but Australia has a lot of creative ideas,” Mr Petty tells How I Made It.

“There’s a lot of people who actually have good ideas and a lot of people that want manufacturing. I think what is depressing is the business people here are in some ways letting it down.”

He takes aim at “insane” accounting standards, which favour property and mining enterprises.

“They can’t literally value IP,” he says.

This billionaire guy ??? 👇

https://www.afr.com/property/residential/rich-lister-buys-home-for-9-9m-in-frant...

Oh he’s investing in real estate Last Nail. Blue chip real estate. Have you another example?

And where did he get the money for that Lisa ? If he did what you prescribed to we'd all still be living in caves rubbing sticks together with zero progress.

Oh so investing $10 million in real estate is ok after all.

Where did he get the money from Lisa ?? Flipping properties ?? Cheesy

LOL

Yep. Just as I thought. By flipping properties.

Here ... read it and weep. 👇

He paid just $2.7m for it in 2012 and has more than doubled his money in less than 10 years.

Greg Hocking Jellis Craig real estate agency director Simon Gowling said it was the second time Mr Petty had been involved in a home selling $1m above expectations recently, after the film tech whiz drove the $9.9m price for his next home at 44 Merton St, Albert Park, in a high-priced online auction in June.

https://www.realestate.com.au/news/blackmagic-design-movie-magic-boss-grant-pett...

So anyway Last Nail.....how much is your weekly rent tab these days?

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Sir lastnail

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Re: If they are hell bent on keeping negative gearing.
Reply #38 - Jun 21^st, 2023 at 7:44pm

Lisa Jones wrote on Jun 21^st, 2023 at 7:29pm:

Sir lastnail wrote on Jun 21^st, 2023 at 7:20pm:

Lisa Jones wrote on Jun 21^st, 2023 at 7:19pm:

Sir lastnail wrote on Jun 21^st, 2023 at 7:16pm:

Lisa Jones wrote on Jun 21^st, 2023 at 7:08pm:

Sir lastnail wrote on Jun 21^st, 2023 at 12:08pm:

Lisa Jones wrote on Jun 21^st, 2023 at 10:23am:

freediver wrote on Jun 21^st, 2023 at 6:45am:

Sir lastnail wrote on Jun 20^th, 2023 at 2:51pm:

And they keep telling us that removing negative won't increase supply then a simple solution is to limit negative gearing to brand new house and land packages instead of recycling the same old dumps that were built 50 years ago. This will encourage the property hoarders to invest in new houses which will increase supply. Problem solved, otherwise it is just a tax avoidance scheme for the non productive side of the economy who won't invest in anything else Sad

https://www.youtube.com/watch?v=M1maTkeUSMM&t=1631s

Perhaps you should seek to understand why "they" want to keep negative gearing before offering economic advice.

Freediver

Just a bit of background info: Last Nail is a friend from Yahoo who has maintained a long held belief that people should invest their money in shares only...NOT real estate.

Correction, people should be encouraged to invest in productive assets over non productive assets such as property. Just like this dude says Wink

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

Quote:

The billionaire who is happy to pay more tax than he should

“We aren’t really good at the creative businesses, but Australia has a lot of creative ideas,” Mr Petty tells How I Made It.

“There’s a lot of people who actually have good ideas and a lot of people that want manufacturing. I think what is depressing is the business people here are in some ways letting it down.”

He takes aim at “insane” accounting standards, which favour property and mining enterprises.

“They can’t literally value IP,” he says.

This billionaire guy ??? 👇

https://www.afr.com/property/residential/rich-lister-buys-home-for-9-9m-in-frant...

Oh he’s investing in real estate Last Nail. Blue chip real estate. Have you another example?

And where did he get the money for that Lisa ? If he did what you prescribed to we'd all still be living in caves rubbing sticks together with zero progress.

Oh so investing $10 million in real estate is ok after all.

Where did he get the money from Lisa ?? Flipping properties ?? Cheesy

LOL

Yep. Just as I thought. By flipping properties.

Here ... read it and weep. 👇

He paid just $2.7m for it in 2012 and has more than doubled his money in less than 10 years.

Greg Hocking Jellis Craig real estate agency director Simon Gowling said it was the second time Mr Petty had been involved in a home selling $1m above expectations recently, after the film tech whiz drove the $9.9m price for his next home at 44 Merton St, Albert Park, in a high-priced online auction in June.

https://www.realestate.com.au/news/blackmagic-design-movie-magic-boss-grant-pett...

So anyway Last Nail.....how much is your weekly rent tab these days?

He made all of his money from hard work Lisa. Not just sponging off tax payers recycling old dumps.

See for yourself and read that original article I posted.

https://www.blackmagicdesign.com/au

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

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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: If they are hell bent on keeping negative gearing. Reply #39 - Jun 21^st, 2023 at 7:46pm Make no mistake - he made his money from various real estate ventures.
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Sir lastnail

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Re: If they are hell bent on keeping negative gearing.
Reply #40 - Jun 21^st, 2023 at 7:53pm

Lisa Jones wrote on Jun 21^st, 2023 at 7:46pm:

Make no mistake - he made his money from various real estate ventures.

If that was true why would he invest in something much more risky such as high tech ? Read the article properly !! He made his money from high tech value add and not from recycling borer infested old dumps using tax payers money !!

https://www.afr.com/wealth/people/the-billionaire-slamming-australia-s-obsession...

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

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Lisa Jones

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Re: If they are hell bent on keeping negative gearing.
Reply #41 - Jun 21^st, 2023 at 8:06pm

Last Nail

We need to leave it there. One of my husband’s colleagues has committed suicide.

More details to come.

Police are now in attendance. No one is allowed to touch her. Yes she is still hanging apparently.

My husband is on his way to find out wtf happened. Said colleague appeared quite ok. It’s quite bizarre. All very unexpected and so I’m very sorry. Cheers.

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Sir lastnail

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Re: If they are hell bent on keeping negative gearing.
Reply #42 - Jun 21^st, 2023 at 8:15pm

Lisa Jones wrote on Jun 21^st, 2023 at 8:06pm:

Last Nail

We need to leave it there. One of my husband’s colleagues has committed suicide.

More details to come.

Police are now in attendance. No one is allowed to touch her. Yes she is still hanging apparently.

My husband is on his way to find out wtf happened. Said colleague appeared quite ok. It’s quite bizarre. All very unexpected and so I’m very sorry. Cheers.

Sure Lisa.

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

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crocodile

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Re: If they are hell bent on keeping negative gearing.
Reply #43 - Jun 21^st, 2023 at 11:13pm

Sir lastnail wrote on Jun 21^st, 2023 at 4:07pm:

Grappler Racist Filth wrote on Jun 21^st, 2023 at 1:33pm:

Clearly investment housing hasn't done the claimed job of creating plenty of living spaces...... only managed to overly fatten without effort some and wreck the economy in doing so....

Cultural Revolution and Red Guards anyone? Some of these rich investors need to be 'struggled' in order to make them see reason and sign their property portfolios over to The People...... (heh, heh) ... let's start with the property millionaire politicians.....

Now then about that immigration policy or total lack thereof......... that's not a policy's arsehole, that Black Australia Policy Renewed ....

While we're here - hands up all those prepared to pay the rent and reparations out of their own bank account?

If you're not - then STFU or be 'struggled' yourself. Time is coming when the People will have had enough.... slow to move, but once moving unstoppable. Cool

that's because all they are doing is recycling the same old dumps again and again and again and inflating their price whilst not adding anything to the supply of housing and costing 20 billion a year in lost tax revenue. Sad

Nails, you really and truly are a fukkwit. If there were no tax concessions on property investments then it would simply add to the deductible costs when the property is sold thereby reducing profit and in turn reducing CGT obligations. It's even funnier because CGT is only levied on 50% of the profit. It makes no fukkin difference you idiot.

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Very funny Scotty, now beam down my clothes.

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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: If they are hell bent on keeping negative gearing. Reply #44 - Jun 21^st, 2023 at 11:31pm If there were no concessions in property investing....rents would be even higher. And THAT is essentially WHY negative gearing will stay put.
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