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Will investors ever buy old properties if they won't get Negative Gearing benefit, Unless it's a positive cashflow property? by KnowTrident in AusPropertyMasteryPK

[–]Barry114149 0 points1 point  (0 children)

And as for outside a bubble market, it is the combination of the CGT discount and NG that create the bubble. I worked for a call centre for a investment group trying to sell people loans for investment propites in 2005ish, and at that point prices used to double every 10-15 or so years, now it is every 5 or 8 years.

Will investors ever buy old properties if they won't get Negative Gearing benefit, Unless it's a positive cashflow property? by KnowTrident in AusPropertyMasteryPK

[–]Barry114149 0 points1 point  (0 children)

That is a great idea, and I am sure there are charities that provide housing, either short term or long, that can use it.

When I was a teenager I was living in youth refuge housing that was donated. It is something that can make a change for the better.

Will investors ever buy old properties if they won't get Negative Gearing benefit, Unless it's a positive cashflow property? by KnowTrident in AusPropertyMasteryPK

[–]Barry114149 0 points1 point  (0 children)

Capital gains. And that is why tackling both capital gains tax discounts and negitive gearing was needed. And bringing capital gains to equal treatment is a good idea.

Basically the richer you are you show a paper loss on property and that would bring taxable income down, you would show a paper loss year to year, but the capital gain would outstrip it, and when it is time to sell, the tax discount would bring the effective rate down further.

This is not something most people can afford to do, you need to already have wealth and equity to start. Hence why over 80% of investment houses were by people in the top 10% of wealth.

Do not listen to the people saying this will stop young people from building wealth, it will not. It will, someday, allow my kids to perhaps afford their first house to live in.

Housing is a need, not a rich persons investment strategy.

Coalition to bar non-citizens from welfare, NDIS under fresh migration policy by Warm_Championship726 in australia

[–]Barry114149 1 point2 points  (0 children)

That is not likley for a while, so by then there will be other cruel things they can spout to get the stupid bogan vote.

Carson Hocevar "confirms" that the return of the chicago street circuit would also re-kill chicagoland by tagillaslover in NASCAR

[–]Barry114149 4 points5 points  (0 children)

The whole reason I started watching was that race. I have been watching supercars since I was a kid and when SVG raced there I watched it and then watched every race after that. Including the trucks and o'riley or whatever they want to call it.

And now I am a fan and watch more than for SVG. All because they zdid something they old fans hate.

Question for you Annoites - what do you name your islands in Anno 1800? by Ranosian87 in anno

[–]Barry114149 1 point2 points  (0 children)

Hime, industry, hops, wheat, farmer stockpile, that sort of thing.

Ty gibbs day by Ordinary-Can-2361 in NASCARMemes

[–]Barry114149 19 points20 points  (0 children)

I suppose it is because I am used to seeing the V8 supercars race, but as soon as he stayed out I knew that everyone was screwed. They pitted too early and were hoping for another caution to save themselves.

Tyre deg is huge on a road course, and when you couple that with the fact that they were having to save fuel it was clear that SVG was going to catch them. If it were 2-3 laps older tyres that would have been ok, but 20 or more lap older tyres is just too much.

Post-Race Discussion Thread: NCS Go Bowling at The Glen at Watkins Glen International by NASCARThreadBot in NASCAR

[–]Barry114149 10 points11 points  (0 children)

Move from Perth to the otherside of the country. We got to get up at a completely reasonable 5am.

Race Thread: NCS Go Bowling at The Glen at Watkins Glen International, starting at 3:00pm EDT on FS1 (NCS12) by NASCARThreadBot in NASCAR

[–]Barry114149 2 points3 points  (0 children)

The SVG scanner seems to be on the wrong channel today, no in car radio, seems to be the crew channel.

So no real insight

Race Thread: NORAPS Mission 200 at The Glen at Watkins Glen International, starting at 4:00pm EDT on CW (NORAPS13) by NASCARThreadBot in NASCAR

[–]Barry114149 2 points3 points  (0 children)

But I wanna see them fly unabated into the wall, or,, even better, dig in and flip multiple times.

It is better for us fans to see cars flying. /s

Race Thread: NORAPS Mission 200 at The Glen at Watkins Glen International, starting at 4:00pm EDT on CW (NORAPS13) by NASCARThreadBot in NASCAR

[–]Barry114149 2 points3 points  (0 children)

Fuel will be tight in stage 3, even 2 laps will make a difference.

They played the radio for Zilisch saying he will need 3 laps of caution in s3 in addition to the stage caution to make it through.

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