isildurrrr1
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- May 13, 2013
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Yes I'm sure all those high fly white collar people are idiots buying negative geared properties. They may be loss making for the first 3 or 4 years, but in 10-15 years they will come to parity. Property prices have been so fucked for a long time.It's not really 'figuring it out', you're using the tax system as intended, because the government perceives there's a social good in orientating the tax system that way. It's not tax evasion or freedom.
Negative gearing is really overhyped, at the end of the day you're intentionally buying a loss making investment, losing one dollar to make $0.50, you're just hoping for capital gains to make up the difference.