Interesting that you don't see the need to quote real statistics yet you like to suggest that mortgages are 70% for people in ' bog ordinary houses far from cities ' .
Like to give us a few examples of those ' bog ordinary houses ' ?
All these unproductive properties . You mean the ones that renters utilize ? Where would they be living otherwise ? Are you saying that providing housing , whether new or old , is not providing a service ? Oh that's right , property investors are keeping them out of the market .
The funny thing is that there have always been renters . Even before negative gearing . There has always been that demand , long before it became popular for ordinary mums and dads to invest in property .
I'm not the biggest fan of re agents however they do provide a service whether you like it or not . These days there are alternatives if you don't want to use them . As for commissions , there are lots of people who make a living that way . Pretty much all salespeople . Are you going to have a crack at them as well ?
Tax and negative gearing . So you're critical of people who are using a legal tax office approved system to assist them in securing their future by hopefully increasing their wealth ? These are people who work harder or longer in order to earn a bit more than the average . Then , instead of blowing the cash , they choose to take a bit of a risk and borrow more money to buy an investment property so that someone can rent it . We all know that the government is struggling to support pensioners and this is only going to get harder as time goes on . Anyone that invests in their future , however they do it , gets a big thumbs up from me .
I would much rather see everyone own a home . I'd like to see everyone have a job . I'd like to see people pay tax all their life and then receive a guaranteed comfortable pension with great healthcare in their retirement . How much better would the country be if that were the situation ?
But , unfortunately , that's not the case .
As for being defensive of the industry . As previously disclosed , I use the services of that industry . Probably qualifies me a bit better than you to comment given that I have clearly more experience in using that service . While it has it's problems and shonks , it is totally unfair to suggest that everyone in that industry is a crook lining his nest with easy commissions . It would be the same as suggesting that all people on welfare are bludgers . Totally unfair and incorrect .
Self interest somewhere ? Here's the thing . I don't have anything to do with the re industry other than be a customer . I was a renter for about 8 years . I now have rental properties . I am in a higher than average tax bracket and I am positively geared .
I repeat , positively geared . I pay a lot of tax and yet I'm not gouging the tax system by being massively negatively geared . Which part of your ' statistics ' do I fit into ?
