You are a laugh - the figure comes from industry experts with...

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nippy

10,184 Posts.

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26/04/24

11:54

Post #: 73522099
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Originally posted by Cosmoterios: ↑

You guys seem fixated on a narrative.

You should try it - instead of being on the sideline and passing judgement.

Just so that you guys really understand - when they say "you have a negative gearing claim of $10k on your property"....it means you have LOST $10k for that year on that property rental. And you are claiming a tax offset or refund of 45% of that - ie. $4,500 back.

So for that year, you lost $10k on your rental and you get a $4,500 back from the taxes you paid, from other sources of income.

Net wise, you have lost $5,500 for that year, for that rental property. Imagine asking an ordinary person if they have $5.5k to lose.

Well, I got 4 rental.

And those losses does not include additional expenses such as damages done by tenants or floods.

Few of you guys really understand that: You actually are losing $$$$$$ in the rental market; in most cases!!!
It is the Capital Gains over the long term that property investors seek - not the rental yield.

Investments - regardless of shares or property, it is much better to have a long term plan.

And there is no such thing as a Fixed rate of return. Every situation is different.

Only people who have Never done this, would assert such an arbitrary number as if its the natural law of things.

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You are a laugh - the figure comes from industry experts with many decades of experience in the industry. It is not MY figure.

You deliberately lose in the short term on the assumption that capital gains will more than compensate you upon sale. Such assumptions don't always play out well or take longer than you are alive to play out as expected.

We already have an American guru suggesting the multitudes of young men ( young women spend too much so forget them and many have credit card debts exceeding 100g ) choosing not to try and save or work long hours in the current conditions means there will be no buyers for property at current prices down the road.

Oops.

How does this developing theme end?
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