Australia's largest stock trading and investment forum Australia's #1 stock forum

You aren’t addressing the point I’m talking about, negative...

First 237 Last

Share
Profile

Follow
blueballs

18,296 Posts.

403

28/05/23

11:47

Post #: 68000536
Share

Originally posted by Joannie ↑

As I said before, new builds have dropped substantially.
Due to the escalating costs of materials and the risks of builders going bust.
So that really takes that off the table as an option.

Another thing which is very pertinent and you hear little about.
Property investors on the whole, will become self funded retirees.
They will not receive the age pension or any of the other benefits, such as cheap prescriptions etc.
Have you any idea how much money that will save the government over all those years?

It would be an astounding amount.
Possibly a great deal more than the investor has gained in tax relief.

Do you see the government using those savings to build more housing?
No, because they have little interest in providing housing.
They just pay lip service to appease the status quo.

Expand

You aren’t addressing the point I’m talking about, negative gearing
2 Upvote

Reply

There are more pages in this discussion • 216 more messages in this thread...

First 237 Last