Umm no. Neg gearing is when you use the equity built up in your...

Umm no. Neg gearing is when you use the equity built up in your own home, through extra mortgage repayments /improvements + cap gains - giving upward revaluation of the property And sacrifice of holidays/lattes/updated cars/good wine/working part time etc etc. You borrow money from a bank - with increased surveillance of your finances. You use your own property as security against loan default. You hope that it will provide accommodation to someone for a lengthy period of time. However, it is not compulsory for Anyone to rent your place. If it is vacant you cannot claim a tax credit from mortgage costs. Neg geared properties require management and diligence. You cannot do it without employing the services of bankers, lawyers, accountants,real-estate agents and tradespeople. To make tax claims you have to have the correct paper trail. You áre responsible for ensuring that tenants needs are met promptly. Tenants have a responsibility to pay rent and keep property in decent condition, but it is not compulsory. The hope of the great majority of landlords - it may surprise you that most people who own investment properties are mums and dads on average incomes - is that when they sell they will make enough capital gain (less 20% tax) to enable them to retire without being a burden on fellow and future taxpayers by staving off dependence on the old age pension. Yes it is hard for young people to get into their first home, It took us 20 years. When you have something this good, you value it and protect it. If you die you cannot take it with you, but you can leave a tidy sum to your family or charity - in the hope they don't squander it - indeed to help them build more wealth. There are many paths to financial security and believe me the best way to help the poor is not to be poor.