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I was reading an article yesterday (can't find it now) where gen...

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johndeer

27 Posts.

26/07/16

11:38

Post #: 18366650
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Originally posted by lispingduck ↑

Well that's where I'd have to disagree. As I believe negative gearing can contribute to keeping renters, renters for life.

Because it can contribute to it or keep home ownership a more distant dream for some and make full homeownship a longer timeframe via a higher mortgage, it then helps to create a burden on the government rather than assist reducing dependence.

A higher mortgage also helps to reduce consumption with it being a drag on economic activity, taxation and government revenue - all things a government with an increasing and ageing population needs to remain robust.

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I was reading an article yesterday (can't find it now) where gen whine were complaining about property prices and that they had given up. I kid you not the first lady in the article traveller overseas 5 times a year but thought it 'impossible' to save up a $40k deposit.....

Also chuckle how gen whine always compare prices with average earning 30 years ago but convientiantly leave out a interest comparison.
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