if you value your house as a home, rather than an asset. It is always a place to live.
There are always losers when subsidies are removed. Its like investing in a bubble. It has to burst
Removing the negative gearing government subsidy, will let market forces determine the true value.
Do you have an issue with the free market, or are you just a fan of governments subsidies?
I understand people wanting to look after themselves, but I am a mortgage payer as well.
If the value of my house goes down, so be it. If I can get an income tax cut from the removal of negative gearing. I can pay my mortgage off sooner.
