Some comedy for your Monday afternoon: https://mobile.abc.net.au/news/2019-10-10/australia-talks-how-miriam-got-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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