"It is not tax payers money - it is each investors money until their tax is assessed after which it is the taxman's money."
You can try and word it anyway you like. The ability for investors to claim negative gearing on existing houses is misplaced. If the government coffers are going to miss out then at least let it go to an area that needs it.
"It is not about the supply of homes - it is about the supply of rental place whether the home is new or old is irrelevant."
Yeah right. An ample supply of houses would lead to affordable housing which leads to reduced requirement for rentals and reduced rent. But you wouldn't want that would you?
