I have ideas No more foreign buying Negative gearing limited to...

First 21 Last

Share
Profile

Follow
busybee

935 Posts.

2

12/04/17

14:23

Post #: 24031269
Share

Originally posted by picastoc ↑

So, after three years, the kids spend to buy a house with their super 9% and equal contributions from their own pay.

* Without a property bubble burst before this time, they will be paying top dollar for their house.
* Kids left with much less/zero super, and forfeit the time-progression of compounding growth on their super money.
* Kids left less able to pay back their HECs fees, because they are required to compulsorily pay in equal amounts to the compulsory employer contributions.
* Property Bubble burst may happen after they buy their homes and they lose at least all of those savings and their super contribution, with a month or two. Their houses will fall in value but their mortgages remain the same.
*Given the high unemployment rates of youth, the massive increase in part time jobs and difficulty of getting stable, full time employment, this makes this plan even more stupid.
* An increase in demand for houses without a concurrent increase in supply? Economics 101? Up go the house prices even further.
* Immigration is adding exponentially to our population levels, esp. in the major capital cities, specifically Melbourne and Sydney.
Hence, more and more competition for ever reducing jobs.
*unskilled immigrants draining the pockets of young employed and will do so forever as who is paying these welfare recipients?

STUPID IDEA!!! Young people already paying hugely for their education without grabbing more from them to further the froth on the top of the property bonanza, before it topples, enjoyed by owners not buyers.

Hope kids are smart enough not to fall for that garbage.

Expand

I have ideas
No more foreign buying
Negative gearing limited to ONE property only
Iwouldn't mind if my property was reduced as a consequence
4 Upvote

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

There are more pages in this discussion • 23 more messages in this thread...

First 21 Last

I have ideas No more foreign buying Negative gearing limited to...

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Featured News

Featured News

I have ideas No more foreign buying Negative gearing limited to...

Top Stories

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Featured News

Featured News