negative gearing to go!, page-29

  1. 79 Posts.
    "Might as well become bums and bludge off the dole, as working hard and investing your money almost seems pointless."

    Investing your money is a laugh. I know several "investors" who "own" several properties and there's none of "their money" in any of them.

    Borrowed everything including stamp duty and sit on interest only repayments. They've just pushed out potential home owners to gamble on capital gains.

    If they'd borrowed and put some people to work building a few new houses or units I wouldn't be too bothered, but they're rorting the taxpayer, pushing up prices and not creating a thing.
 
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