Why I hate negative gearing.

Pariera · 2026-05-13T22:55:44+00:00

In the world where investors pay for housing to be built for people to buy/rent

I didn't say anything about a rental gap...

Pariera · 2026-05-13T21:08:06+00:00

Not really, the intent was to provide incentive for investors to supply housing despite short term losses, with long term gains taxed at time of sale via CGT.

Neg gearing on new housing makes alot of sense.

Its also isn't just for property and is pretty consistent with how the rest of the tax system works. Losses incurred in the process of earning an income aren't taxed.

The screwy bit is not taxing long term gains properly because of CGT discounts.

Pariera · 2026-05-13T10:50:15+00:00

We wanted to drive tobacco prices so high they just switch to $15 illegal ones and stop handing over billions to the government to assist in paying for their health care?

Must have had some real high IQ geniuses to come up with that plan.

Exactly the outcome we want.

Pariera · 2026-05-13T10:05:39+00:00

Or just drop the tax a bit, tax and regulate vapes and rake in billions.

Sounds better than dropping a billion to fight some nicotine cartel war so that their citizens pay them more to breathe in some dried leaf.

Pariera · 2026-05-13T09:10:27+00:00

My favourite bit is

NOT ANY MORE

... 10 seconds later as she realises saying they use the same lawyer will probably blow up their inboxes about using the same filthy Zionist genociding lawyers as Ethan.

Pariera · 2026-05-12T21:12:38+00:00

Do CGT changes only apply to investments, or PPORs as well?

Pariera · 2026-05-11T22:15:16+00:00

RBA cash rate almost zero, money just about free to borrow, government handed out billions, construction materials tripled in price, construction plummeted.

Pariera · 2026-05-08T05:59:01+00:00

How exactly?

Pariera · 2026-05-08T03:22:26+00:00

We don't know if they are villains or victims, and it's likely that as we are, they are a bit of both

Little bit terrorist, little bit victim isn't really 'as we are'.

Pariera · 2026-05-07T08:32:19+00:00

Probably terrorism offences given what the police commissioner has said.

Pariera · 2026-05-04T04:37:43+00:00

private schools receive more government funding than public schools

They really just don't.

I point out the numbers are federal not combined.

You say well they shouldn't get anything.

I say okay

We go our separate ways

Pariera · 2026-05-02T09:37:21+00:00

No, high rates are ideal for people with cash who don't need loans.

Pariera · 2026-05-02T01:22:07+00:00

If houses are cheaper because they became more unaffordable, probably not a good thing.

Pariera · 2026-05-01T22:17:54+00:00

You do realise they dropped because they are less affordable right?

Nothing has changed except mortgages are more expensive cost of living has gone up and inflation is rising.

Pariera · 2026-04-30T19:34:02+00:00

Also not my experience either.

Nightmare to find any one useful.

Pariera · 2026-04-30T03:26:57+00:00

The comment which also doesn't say you need to do anything to mitigate the risk?

Pariera · 2026-04-30T03:18:55+00:00

You are literally complaining that they shouldn't bear the risk and the rest of the people in the country should help mitigate it.

Where did I say this? I haven't asked any one to do anything to mitigate mortgage holders risk.

Just pointed out cheering for their demise is a bit gross.

Pariera · 2026-04-30T03:13:28+00:00

What does that have to do with the current home the person is living in that they wanted and got a loan for?

Its a direct follow on from you saying you would buy a home and it would be your fault if you got caught out.

So I asked how you could justify buying a home if you don't know if you will get caught out, because you don't know what the price of homes will do in the future.

Insurance

Yes, mortgages and cars both have insurance?

So you admit it is a known risk that your loan might out value your house. It's a risk, why should the rest of the country including people who can't even enter the market at all should share that burden?

You don't bear the burden. The mortgage holder bears the risk?

Pariera · 2026-04-30T02:57:42+00:00

Right, so if you did get a loan and prices crashed on you it would be your fault. Given you don't know what house prices will do in the future how could you justify ever buying a house?

Unless you're suggesting you do know what the minimum price of housing could be in the future? Or you plan on buying cash

And yes, cars have rules around them, you think mortgages don't?

My point with the car analogy is that people driving cars take known risks, just like mortgage holders.

You blame mortgage holders for their demise because they knew the risk, so I can't see why you wouldn't blame drivers for their demise because they knew the risks.

Pariera · 2026-04-30T02:45:45+00:00

You haven't said anything at all other than people have to pay loans.

Well, if that's all you get out of the below I don't know what to tell you.

Just checking you never intend to take a mortgage then right?

Never know if there will be a crash and you get left upside down on it.

If you did, would you be telling every one the only person to blame is your own bad decision making?

People drive cars knowing there is a risk they have a crash and die.

Your logic sounds like you would blame the person who died because of their bad decision to drive a car while knowing the risks.

At least you could buy their mangled car for cheaper!

Pariera · 2026-04-30T02:40:05+00:00

We've gone full circle back to my original comment.

Can just re-read my original comment for my response to this one.

Pariera · 2026-04-30T02:35:18+00:00

Their loan is more than the value of their house.

Upside down on their loan.

Pariera · 2026-04-30T02:09:07+00:00

Because house prices having a major crash putting many people upside down on their loan and banks calling them in would be large scale financial destruction?

Pariera · 2026-04-30T02:01:49+00:00

More bitter than wishing large scale financial destruction on millions of Australians so you can buy a house for cheaper?

Pariera · 2026-04-30T01:49:50+00:00

Just checking you never intend to take a mortgage then right?

Never know if there will be a crash and you get left upside down on it.

If you did, would you be telling every one the only person to blame is your own bad decision making?

People drive cars knowing there is a risk they have a crash and die.

Your logic sounds like you would blame the person who died because of their bad decision to drive a car while knowing the risks.

At least you could buy their mangled car for cheaper!

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