Who really uses Negative Gearing, page-8

  1. 946 Posts.
    lightbulb Created with Sketch. 4
    Yeah nothing like following the failed example of the rest of western world
    None with the exception of Canada even came close to weathering the GFC

    Your comments are an example of the short sightedness indicated in the understanding of how the property market works.

    The facts are

    Remove negative gearing will shrivel up the only investment avenue currently keeping the Australian economy afloat

    Removing negative gearing will reverse the +ve growth in construction to a point that shortage of stock will drive up rents

    Removing Negative gearing will see unemployment rise as jobs disappear in the construction , financial services , services and material industry

    Removing Negative gearing will see the number of people rely on retiring on the pension virtually reach 100%
 
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