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The Negative Gearing Thread: RBA Bulletin - Negative Gearing available in many countries
Topic Started: 10 Mar 2011, 12:10 PM (32,809 Views)
Shadow
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Evil Mouzealot Specufestor

pauk
10 Mar 2011, 01:11 PM
Your topic is shite
Why? I think it is quite a good topic. Here is some more data from the RBA...

http://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-12.pdf

Posted Image

1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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kennyjaiz
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Shadow
10 Mar 2011, 01:46 PM
Why? I think it is quite a good topic. Here is some more data from the RBA...

http://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-12.pdf

Posted Image
+1

I also think it's a good topic. I suspect not many people know about this, evident from Paul's relies.
Edited by kennyjaiz, 10 Mar 2011, 01:57 PM.
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Mc_Gusto
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mcgusto

Strindberg
10 Mar 2011, 12:10 PM
There's a common misconception amongst the crash community that negative gearing is only available in Australia, New Zealand and Canada. Such a statement even appears in the emotively non-conforming wiki article on negative gearing written by some Aussie loser who lost his shirt by selling to rent many years ago here:




He's obviously unaware of a paper which appeared in the RBA Bulletin of December 2001 which included this table showing a list of 10 countries, all but one of which made negative gearing available.

Posted Image

http://www.rba.gov.au/publications/bulletin/2001/dec/pdf/bu-1201-1.pdf
what does that then mean for the economists analysis on our market, its over valuation etc which was based on values to rents and was rebuffed by numerous bulls as misleading due to negative gearing???

Silence of the BULLS

HA HA
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Strindberg
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Mc_Gusto
10 Mar 2011, 02:05 PM
what does that then mean for the economists analysis on our market, its over valuation etc which was based on values to rents and was rebuffed by numerous bulls as misleading due to negative gearing???
Links?
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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Shadow
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Evil Mouzealot Specufestor

Mc_Gusto
10 Mar 2011, 02:05 PM
what does that then mean for the economists analysis on our market, its over valuation etc which was based on values to rents and was rebuffed by numerous bulls as misleading due to negative gearing???
Good question. I ran the Economist house price to rent comparison against the seven negative gearing countries identified in the 2006 RBA report...

Posted Image

Australia is right in the middle.

I didn't choose the start date myself. 2003 is the earliest date for which The Economist has data for all seven countries.

Note that since The Economist indexes all countries to 100 at the start date, this just shows us the change in the ratio during this period, not the absolute ratio.
Edited by Shadow, 10 Mar 2011, 02:31 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Catweasel
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Catweasel laugh. So a conclusion the is like a this:

We are a same but are a different.
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Mc_Gusto
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mcgusto

Shadow
10 Mar 2011, 02:24 PM
Mc_Gusto
10 Mar 2011, 02:05 PM
what does that then mean for the economists analysis on our market, its over valuation etc which was based on values to rents and was rebuffed by numerous bulls as misleading due to negative gearing???
Good question. I ran the Economist house price to rent comparison against the seven negative gearing countries identified in the 2006 RBA report...

Posted Image

Australia is right in the middle.

I didn't choose the start date myself. 2003 is the earliest date for which The Economist has data for all seven countries.

Note that since The Economist indexes all countries to 100 at the start date, this just shows us the change in the ratio during this period, not the absolute ratio.
appreciated thank you
Silence of the BULLS

HA HA
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Frank Castle
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Business As Usual

pauk
10 Mar 2011, 01:11 PM
Your topic is shite
Oh dear pauk

Are you stamping your feet and having a cry as you typed that?
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Frank Castle
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Business As Usual

Catweasel
10 Mar 2011, 02:28 PM


We are a same but are a different.
Same same but different is the expression
You should know that if you live in Asia.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Deleted User
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kennyjaiz
10 Mar 2011, 01:38 PM
You have been misinformed.

http://www.austlii.edu.au/au/journals/eJTR/2005/4.html#Heading24
Refer to the "INTERNATIONAL COMPARISONS" section.




Also, interesting to note the relationship between house prices and negative gearing provision, and more specifically, a lack thereof.
So losses from property in many countries can be offset gains personal wages?

Why did the chartered account say otherwise?
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