Submitted 7 months ago by zero_gravitas@aussie.zone to australia@aussie.zone
NOTE: Video sponsored by the ACTU
Key points
So people remain excluded from property ownership, but hey, at least the economy will be ok
Correct me if I’m wrong, but wouldn’t the economy going to even more shit than it is be worse for property ownership?
Sorry, I was being a bit tongue in cheek there. The economy will continue to be shit for people who struggle to afford home ownership whether or not they can use superannuation to help get their foot in the door.
That’s just a stupid comment. You could take the 1 trillion dollars it would cost the Australia government and spend it on any number of things to make ownership easier.
You could take the 1 trillion dollars it would cost the Australia government and spend it on any number of things to make ownership easier.
That’s true. The issue is, they’re not going going to do any of those ideas…
So people who can’t enter the housing market remain fucked over, because the imperfect ideas that might actually get off the ground get set aside in favour of better ideas that will never see the light of day.
I think we need a video on why it would be a good idea, because I can’t think of one (at least for the general public). I mean it is a good idea from the perspective of people with multiple properties and mortgages even on their own home because it will keep prices high
No,no,no,no! You’ve all got it wrong!
It’s a GREAT policy for property investors which will boost capital growth and provide excellent short term returns!
Spud’s goal isn’t to make life better for the average Australian. All the listed negatives are positives for the LNP - make the rich richer, and the poor poorer. Luckily, he’s thick as shit and the average Australian can see what a terrible idea it is to spend your future.
Oh wow I haven’t seen this dude in a good few years. He made the new south wales song about new south wales
Marsupial@quokk.au 7 months ago
How about we ban owning multiple properties, remove any incentives for property as an investment, enforce quality building standards, and use government funds to build affordable housing.
ryannathans@aussie.zone 7 months ago
Having multiple is fine, just remove negative gearing and investment incentives along with actually enforced building standards
Nath@aussie.zone 7 months ago
People will just go back to what they did before negative gearing: Make businesses and move their properties into that. “Oh, your business made a loss paying more interest than it brought in as rent, I guess you can write that off as a loss and not pay tax on your income”.
The result is the same, but it’s more work for the ATO.
My old boss still had his holiday home under the business, because it’s how he did it before Negative Gearing was a thing.
alansuspect@aussie.zone 7 months ago
I think politicians should be banned from owning multiple properties. It’s a huge conflict of interest.
kerr@aussie.zone 7 months ago
Absolutely. Great idea.