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Albanese and Negative Gearing, page-79

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UniversalTrader

22,117 Posts.

56

03/02/24

16:52

Post #: 72221530
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Originally posted by Joannie: ↑

Sorry, but you are being short sighted again.
OK so lets say the government waves a magic wand and decides to build 25000 houses per annum to rent at reduced prices for lower income earners.

Where is that money coming from?
Who is going to pay the shortfall on costs because the rents are so low?

Tada! the taxpayer of course.

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The ironic thing is if the remove ng there will be less rental stock available and there will be further rent increases. it will actually end up better for existing investors in the market that stay.
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