overwhelming support to axe negative gearing, page-172

  1. 7,302 Posts.
    Icantbelieve this debate is still on...OK abolish NG ,WHAT WILL HAPPEN? The building industry will take a hit the building of unit blocks will slow,some NG investors will sell to owner occupiers causing rental accommodation to get more difficult to find ,

    Rents will therefore rise due to shortage of supply and more people will scream for more public housing.

    I think most of those that support its abolition are renters who don't realise the outcome .Its like shooting yourself in the foot.

 
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