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Lord Malcolm Tells Rich Parents To Shell Out, page-3

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Dave R

58,089 Posts.

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05/05/16

10:32

Post #: 17682585
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Originally posted by rocket973 ↑

Trying to put a different spin onto the comment, Reaper.
That is not what was said.

"[Negative gearing's] created conflict with effectively the kids of your and my generation who can't get into the market and they're saying 'for goodness sake, you baby boomers, you just want everything and you're locking us out,' " Mr Faine said.
"Are your kids locked out of the housing market?" Mr Turnbull responded.
"Yes," said Mr Faine.
"Well you should shell out for them. You should support them, a wealthy man like you," Mr Turnbull told the radio host.
"That's what they say," Mr Faine responded, laughing.
"Yeah exactly, see you've got the solution in your own hands… you can provide a bit of inter-generational equity in the Faine family," Mr Turnbull said.

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It's hard to know how to take that exchange.
But certainly it implies Turnbull is happy with high house prices.
Dave R.
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