HiI tend to agree that it is not just the privileged professions...

Hi

I tend to agree that it is not just the privileged professions into the negative gearing caper. It has been part of the Aussie psych for many years, it is a mum and dad thing to nearly pay the home off and then look at gearing up for the investment property. Also, at the fringes are the ones that see it as an easy way to wealth and gear to the eyeballs - lessons usually are delivered to these people - no easy way to wealth.

Regardless of your view on the merits of housing, gearing up is always risky and should be thought through regardless of the vehicle being geared into.

2012 will an interesting year for property and shares - I will be in both for this period.

all the best