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Re: Australia to ban foreigners from buying some homes as costs soar

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Petzl <petzlx@gmail.com> wrote
> J White <jwhite@none.com wrote

>> <https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-home-prices-rent/>
>>    https://tinyurl.com/t3rtctsh
>> Australia to ban foreigners from buying some homes as costs soar

> The REAL problems in housing unaffordability was started by John
> Howard in 1999 by cutting "CAPITAL GAINS TAX" from (check
> https://t.ly/2FKyw) example, 50% to 25% which, IMO, made negative
> gearing a guaranteed easy money scam.

More mindless pig ignorant bullshit.

Capital gains tax is irrelevant to negative gearing because it only
apply when property is sold, not to ongoing rental property income.

> Property prices started increasing and escalating faster and faster.

Because we stupidly allowed vast number of foreigners to show up here
as legal migrants and 'student' which weren't in fact real students at all.
'
> At 50% it was still a reasonable investment at 25% it's a money making
> scam.

More mindless pig ignorant bullshit.

Its actually the rate of income tax that plenty pay

> Federal Parliament has 435 politicians and only 12 have not declared a
> negative geared property portfolio!

You have no way of knowning how many of
them are negatively geared and its very unlikely
that many of them except maybe holiday houses
are given the very tight rental market.

> the link below explains most.
> https://youtu.be/iqUFERBJwoY

It just more mindless bullshit from some silly cow that doesnt have a  
fucking clue.

> If one has a good reliable stable income "negative gearing." is done
> by approaching a bank for a loan on rental property, that includes all
> repayments, insurance (bundled together),  for the time of the loan.``
> A bank is only concerned about one's ability to reliably pay  the
> interest.
> Ones interest rates are tax deductible,
> one has to include rent as income.
> To find out more ask your bank and or financial advisor.
> Many invest in multiple properties/homes depending on their income
> from your employment (this particularly includes politicians).
> This suggests to me politicians need mass immigration to supply home
> renters and squalid rental homes for them to live in.

It isnt possible to negatively gear in a very tight rental market
where you can charge what you like rental wise and so the
income will be more than your legally deductable costs.

<reams of US shit irrelevant to what is being discussed flushed where it  
belongs>

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Thread

Australia to ban foreigners from buying some homes as costs soar J White <jwhite@none.com> - 2025-02-17 08:00 +0000
  Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-17 19:32 +1100
  Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-17 20:08 +1100
    Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 04:54 +1100
    Re: Australia to ban foreigners from buying some homes as costs soar Java <java@boner.org> - 2025-02-18 22:31 -0800
      Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-19 18:33 +1100
        Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-19 19:24 +1100
          Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-19 19:38 +1100
            Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-19 19:54 +1100
              Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-19 20:30 +1100
              Re: Australia to ban foreigners from buying some homes as costs soar Roderick <noreply@mixmin.net> - 2025-02-19 11:12 +0000
                Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-20 08:55 +1100
                Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-20 09:27 +1100
  Re: Australia to ban foreigners from buying some homes as costs soar Ed P <esp@snet.n> - 2025-02-17 08:29 -0500
    Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-18 07:21 +1100
      Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 09:03 +1100
        Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-18 10:03 +1100
          Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 10:51 +1100
            Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-18 11:25 +1100
              Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 13:25 +1100

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