overwhelming support to axe negative gearing, page-143

It seems the best thing about this country from a financial perspective is that you can set yourself up in order to go live happily elsewhere. I don't think we any chance of resetting the housing price situation wether the government stops negative gearing or leaves it in its current form.

Superannuation promoted the fear of getting old and having a little to live from in your golden years. We now have a country obsessed with investing, investing that squeezes the poorer folk and forces them to pay for the better off folks retirement by way of rental payments for shelter they can not afford to buy themselves.

Muppet politicions have driven this expodential investment growth via policy settings, but the truth is they don't care, their own superannuation schemes are exorbadent and guaranteed and the big picture is investment grows government revenue.

Consider the trends, manufacturing continues down its dying path, FIFO miners spending their time off in an Asian country to the north of us and a monster amount of cash daily sent off shore to help families out in other former homelands just to name a few easily observable pointers.

If the last GFC was any indicator, another crash of similar proportions that also equally effects property will likely see Aussie companies sell more of our productive assets to Chinese investment as people take toll of their personnel mini Ponzi schemes and thus sucking massive amounts of cash out of the economy. Government revenue would crash even further and the poo then will really hit the fan.

Is our economy a castle of sand? .. Particularly the housing market.