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Negative gearing has been painted by the property pumpers to be...

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avagadro

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15/10/19

10:17

Post #: 40883174
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Originally posted by Digglet ↑

Some comedy for your Monday afternoon: https://mobile.abc.net.au/news/2019...out-of-65k-worth-of-debt/11567306?pfmredir=sm

The rent wasn't covering the mortgage repayments and they couldn't afford the extra costs."We were calculating we were actually out of pocket $25,000 per year and we were not getting $25,000 back on tax. So, I think negatively gearing was not appropriate to what our income levels were," Miriam said.

Has 2 negatively geared investment properties and doesn't understand how negative gearing works. XD

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Negative gearing has been painted by the property pumpers to be the savior of mankind ... lol
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