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The British are ditching negative gearing; Some old news that I'd just missed maybe?
Topic Started: 23 Aug 2015, 05:21 PM (5,572 Views)
stinkbug
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Ex BP Golly
24 Aug 2015, 10:09 AM
Doesnt change the fact you are a loud mouth yob who is wrong.


It doesn't change the fact that you are a whiny, whinging loser who never posts anything of value and simply tears down others when you're part of a group.

You are a brainless wimp, Golly.

EDIT: Perhaps I could dig up that thread where I challenged you to put your money where your mouth was, and you threw some insults then slunk away with your tail between your legs.
Edited by stinkbug, 24 Aug 2015, 10:11 AM.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Chris
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stinkbug
24 Aug 2015, 08:11 AM
Bzzzzzzzzzzzzzzt!

Time for you to do some more reading about Australian tax law.

Have you researched CGT changes yet, or are you still spouting ignorant crap about it being changed to suit property investors?
I think my initial assessment of the CGT change and its inherent benefits to short term speculative investments in property has been thrashed to death and in conclusion I believe even you conceded that in the short term the change it was beneficial.

Are you now going to sprout a series of convaluded examples that is vague in point and are deliberately exclusive of certain basic facts to try and prove your point, whatever that is?

Stop rehashing what we've steady beaten to death. You know my stance and I know yours, just move on.
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Ex BP Golly
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stinkbug
24 Aug 2015, 10:10 AM
It doesn't change the fact that you are a whiny, whinging loser who never posts anything of value and simply tears down others when you're part of a group.

You are a brainless wimp, Golly.

EDIT: Perhaps I could dig up that thread where I challenged you to put your money where your mouth was, and you threw some insults then slunk away with your tail between your legs.
Angry at being shown to be a liar then :re:
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Chris
24 Aug 2015, 10:18 AM

Stop rehashing what we've steady beaten to death. You know my stance and I know yours, just move on.
Ha - no probs.

Let's see what pearls Golly posts up. My predication is that is will be whinging insults.
Ex BP Golly
24 Aug 2015, 10:23 AM
Angry at being shown to be a liar then :re:
You're the liar.

Proof:

http://australianpropertyforum.com/topic/10296714/1/

Starts at about page 3. Golly conclusively shown to be a liar, again.

EDIT: Insert another insult, Golly. Get the last word mate!!!!!!!
Edited by stinkbug, 24 Aug 2015, 10:30 AM.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
24 Aug 2015, 10:24 AM
Ha - no probs.

Let's see what pearls Golly posts up. My predication is that is will be whinging insults.

You're the liar.

Proof:

http://australianpropertyforum.com/topic/10296714/1/

Starts at about page 3. Golly conclusively shown to be a liar, again.
Golly! You are angry.

Back to the thread.

This reminded me of you:

"Private housing subsidies

Private housing subsidies are like chocolate, we know that we should use them in moderation but we just cannot cut back. We often pretend they are not subsidies at all. AMP’s chief economist Shane Oliver says “changes to negative gearing or the CGT exemption on the family home would be seen as ‘unAustralian’”.

From:

'At budget time, remember we all live in subsidised housing'
May 13, 2014

http://theconversation.com/at-budget-time-remember-we-all-live-in-subsidised-housing-26520


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Matthew
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Love a good howl at the moon bear thread, truly I do.

I actually wonder if the average bear thinks past the joyous event in their mind that is the end of negative gearing? Not the immediate impact, but move forward 3 - 4 years.

See there are two things that are not going to change:

1) A portion of the population will continue to need to rent as they have since the dawn of time and
2) Investors will continue to exist, with a desire to live on the pension not one that any current working generation members aspire to.

And acknowledge that the state governments do not make particularly useful landlords, let alone the fact that they do not have the financial capacity to fill the required housing breach in full, let alone desire to divert spending from current activities (road, rail, schools, hospitals etc) to do so.

So abolish NG today and a few thousand properties coming from those who can not afford to hold them come on the market, and median house prices are driven down a bit in the short term.

Then move forward a year. Population has grown nationally at a rate of about 400,000 people per annum over the past 5 years, and that rate will most likely continue.

25% of the population apparently rent and apparently we live about 2.5 people to the dwelling (census). So each year there needs to be nationally the provision of 40,000 rental properties (proportional per state with population).

If there is no tax incentive to invest, then people will only buy if the yield is positive net of all costs from the outset.

So what is the outcome here?

1) reduced volume of available rental
2) rising rents
3) rising house prices as the rent / own line is crossed and people with the ability to buy exit the rental pool for owner occupation.

Then, in the three years that it takes for this to play out where do the investors go? ASX is still trading on a discount from GFC, so they pump their money there over inflating share price values.

The realities are:

1) In Australia NG is a necessary evil - the government get their money once the rents cover the costs, and on CGT on the way out
2) The inevitable rise in rental prices by abolishing NG will heavily impact those who can least afford it (unemployed, pensioners and minimum wage earners)
3) This will put pressure on local governments to create an increased portion of state owned housing stifling spending in areas that actually generate economic activity


Personally I couldn't care less if it stays or goes - none of my IP's are negatively geared. But the average bear should celebrate its demise quickly, because their "oh shit" moment comes around pretty quickly after.

My only hope for my three boys is that they turn out nothing at all like Chris.
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stinkbug
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Ex BP Golly
24 Aug 2015, 10:31 AM
Golly! You are angry.

Back to the thread.


Yep, run away instead of attacking the argument. As usual.

Once again, Golly is shown to be a lying sack of shit.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Foxy
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Zero is coming...

goneaway
23 Aug 2015, 05:21 PM
as i say there is no net yield on residential.

You will work it out.

How could there be a real net yield??

Peter

Remember the sheep always get shorn.

So get ready boys.


https://www.youtube.com/watch?v=eWdYZKyomn0
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Ex BP Golly
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stinkbug
24 Aug 2015, 12:17 PM
Yep, run away instead of attacking the argument. As usual.

Once again, Golly is shown to be a lying sack of shit.
Are you a four year old?
You are departing from the argument
What a loser.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
24 Aug 2015, 01:31 PM
Are you a four year old?
You are departing from the argument
What a loser.
:lol :lol :lol

Golly accuses others of departing from the argument. That's easily the funniest thing I've read on here in a while.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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