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The Negative Gearing Thread: RBA Bulletin - Negative Gearing available in many countries
Topic Started: 10 Mar 2011, 12:10 PM (32,795 Views)
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Sydneyite
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pauk
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Encyclopedia Updated live from Wikipedia, last check: March 31, 2011 06:09 UTC (44 seconds ago)
From Wikipedia, the free encyclopedia

http://www.thefullwiki.org/Negative_gearing


FFS Pauk! Have you actually READ this thread??? Wikipedia is NOT an authoritative source. Whoever wrote that entry is probably an AU housing bear suffering from the same mass delusion that you all suffer from when it comes to the actual facts surrounding negative gearing tax arrangement in various countires. Why don't you read/research the links and data from AUTHORITIVE sources that Stringberg has provided and then come back to us??

Strindberg - maybe you should update that wikipedia page based on the research you have now done?



Edited by Sydneyite, 31 Mar 2011, 05:33 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Rastus2
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Strindberg
31 Mar 2011, 04:41 PM
If I was telling a half truth (which I was not) then so were you. You Wrote "The truth is that many other countries have -ve gearing ". You didn't write "Half the truth is". What I wrote in the thread title was a fully true statement. My OP and subsequent posts gave sources for all the information I provided which could be checked and verified. You expect me to write 300 word fucking thread titles covering every side issue and facet of the fucking subject. You're a jerk.




First off, your limitations in logic are perfectly exposed in that sentence. In that sentence you refer to "claims to the contrary" with respect to the claim that most countries have negative gearing. Logically therefore "claims to the contrary" would therefore be claims that most countries do NOT have -ve gearing. But of course that isn't what you intended to write. Your logical limitations led you to write the opposite of that which you intended. You intended to assert that I (if not I, then who?) had claimed that most countries do have -ve gearing. But of course that is made up shit and a strawman. The word "many" (as in my thread title) is very different to the word "most" contained in your made up shit accusation. I really am fucking sick of your shit.

Firstly..


If you bother to actually read what I wrote you might notice that I told the whole truth.. Let me help you as your Mr Magoo glasses are obviously not strong enough.


Quote:
The failure of the governments to date is that they have given in to the claims of the industry that -ve gearing of IP's should remain in it's current form... The truth is that many other countries have -ve gearing, however they have it in a different form with limits... we just need to modify our -ve gearing to match
Endquote:




2ndly..


your babbling.

In a desperate effort to try and rub my face in some mistake you are making littles sense... take a breath.



It was actually myself that said "most countries do not have -ve gearing" ... and it was another poster (not you or myself) that tried to tell me I was incorrect...


You are getting emotional and assuming my comment was aimed directly at yourself. There are other posters in this forum who have talked about this topic other than yourself.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Strindberg
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pauk
31 Mar 2011, 05:17 PM
Encyclopedia Updated live from Wikipedia, last check: March 31, 2011 06:09 UTC (44 seconds ago)
From Wikipedia, the free encyclopedia
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan. In a few countries the strategy is motivated by taxation systems which allow deduction of ongoing speculative losses against highly taxed income, but tax capital gains at a much lower rate. When income generated does cover the interest it is simply geared investment which creates a source of passive income.
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. The speculator must also be able to fund the planned shortfall until the asset is sold. The different tax treatment of planned ongoing losses and possible future capital gains affects the investor's final return. This leads to a bizarre situation in the few remaining countries which tax capital gains at a lower rate than income. In those countries it is possible for a speculator to make a loss overall before taxation, but a small gain after taxpayer subsidies.
Deduction of negative gearing losses on property against income from other sources for the purpose of reducing income tax is illegal in the vast majority of countries, the exceptions being Canada, Australia, and New Zealand.


See also
Negative gearing (Australia)
Debt
Financial engineering
Investment
Leveraged buyout
Margin (finance)
Return on margin
Rent seeking
Speculation
External links
Negative Gearing Issue Sheet for the Australian federal election, 2004
Australian Taxation Office Rental Properties Guide 2005, product NAT 1729-6.2005
Real Estate Institute of Australia Policy Statement on Negative Gearing, as of October 2005
Negative Gearing—A Commentary on how it works and who it is suited to
Categories: Basic financial concepts | Finance

http://www.thefullwiki.org/Negative_gearing
Rastus2 wrote that wiki entry.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Rastus2
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Strindberg
31 Mar 2011, 06:33 PM
Rastus2 wrote that wiki entry.


Wrong again Strindberg..

your just being strange now..

I have never done a wiki entry... let alone one on this topic.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Strindberg
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pauk
31 Mar 2011, 05:35 PM
Yes Stringberg update Wikipedia please....... Either do, or shut the fuck up.....
Your rent really has been raised. Or are you being evicted? Why do bears always resort to abuse?

Where's that data on the tax systems in:

Guinea-Bissau
Equatorial Guinea
Djibouti
Uzbekistan

You are very confident that losses on rentals cannot be set against other income in those places. You must have the data to be so sure. Share it with us.

Posted Image

Posted Image
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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