its the high income earners that neg gear.... duh....no point explaining the reason to you
and contrary to what you say...homeowners dont say oh, I lost so much in capital this week they know when they go in, its a long term haul dips and forks in the road, they just flow with the tide same as when prices are rising, they dont say I earnt so much this week they may say I earnt $100k extra last year, or $300k but it will grow even higher by the time they are ready to cash in the chips
but on your planet...they are different hehehehehehe