Negative gearing... giving away a buck to make back 30 cents. Thumbs up Not...
I wonder how many people actually realise such a position for the vast majority of investors is a horrible investment. Yes, I know... capital growth...and a tax deduction... But yes, capital growth isn't confined to negatively geared properties and you are far better off making money, then losing it.
Let's face it... most people just assume negatively geared means great investment (thank you to all the dodgy accountants, media hype and negative geared zealots).
Newsflash, making money on an investment isn't a horrible, unthinkable decision :| And yes, you can have both positive income and capital growth. Disclaimer: maybe not in Sydney... but then again, this is just an artificial cesspool anyway.
So next time someone starts talking about their negatively geared portfolio, smack them in the mouth for me.
Not...
