Australian property crash

Should I offload my NEO yet Doc?

Oh dear, the finger painter is throwing his toys out of the cot sgain.
No links again,just abuse.
No rationale beyond his oft repeated claim of an immediate & certain 2% reduction across the board,despite the grandfathering that would come with the new legislation.

And the funny bit,is that he relies on a slower rate of capital appreciation to justify what he claims as a loss.
That’s not a loss, IF the forecasts are right then it’s a slightly less attractive investment.
How can he not comprehend this very basic premise?

It’s quite bizarre that he is so confused about the mathematics around the issue,and so emphatically denigrates anyone who challenges his poorly thought out jumbling of numbers.

rusty nails wrote: Oh dear, the finger painter is throwing his toys out of the cot sgain. No links again,just abuse. No rationale beyond his oft repeated claim of an immediate & certain 2% reduction across the board,despite the grandfathering that would come with the new legislation. And the funny bit,is that he relies on a slower rate of capital appreciation to justify what he claims as a loss. That’s not a loss, IF the forecasts are right then it’s a slightly less attractive investment. How can he not comprehend this very basic premise? It’s quite bizarre that he is so confused about the mathematics around the issue,and so emphatically denigrates anyone who challenges his poorly thought out jumbling of numbers.

The new Labor rules to mitigate the property tax rort only applies to property you buy after Labor wins, right? Don't like the new rules, don't buy. From the sound of the property whingers you would think that Labor is going to extract their gold fillings. If you have money to invest why don't you do the economy a favour and put it into a productive asset.

Passing Through wrote: Makes you wonder how countries that dont have negative gearing manage their property markets and keep prices above water.

maccamax wrote:    How many people realise that our Government can't house 100's of thousands of our people. Real Estate investors are a real help in that area . They need to negative gear to help maintain their investments , Renters are uncaring of the roof over their head.    Quite often destroy it. Labor in power will see renting of sheds, ceilings , basements . You will think your in New York.

How many people know that the Labor changes to negative gearing only apply to existing properties? How many people know that speculation in existing properties doesn't house more people?

Tlazolteotl wrote: Dr E will offset his property losses with his cryptocurrency profit.

Passing Through wrote: Should I offload my NEO yet Doc?

rusty nails wrote: Another post from you that lacks understanding of the issue that you comment upon. Abuse? Compare it to the post I replied to. You’re finger painting mate continues to shriek about the certainty of the total decimation of the property market. He claims an definite and immediate reduction of values of 2% Forgive me for pointing out that this 2% figure is not supported by anything,and even if it did,it’s certainly not the armeggedon that he shrieks about. Finally, if you don’t understand that a slower rate of capital gain is not a loss,then you are as financially illiterate as your dumb,loud mate.

Tlazolteotl wrote: The new Labor rules to mitigate the property tax rort only applies to property you buy after Labor wins, right? Don't like the new rules, don't buy. From the sound of the property whingers you would think that Labor is going to extract their gold fillings. If you have money to invest why don't you do the economy a favour and put it into a productive asset.

Tlazolteotl wrote: maccamax wrote:    How many people realise that our Government can't house 100's of thousands of our people. Real Estate investors are a real help in that area . They need to negative gear to help maintain their investments , Renters are uncaring of the roof over their head.    Quite often destroy it. Labor in power will see renting of sheds, ceilings , basements . You will think your in New York. How many people know that the Labor changes to negative gearing only apply to existing properties? How many people know that speculation in existing properties doesn't house more people?

Dr E wrote: rusty nails wrote: Another post from you that lacks understanding of the issue that you comment upon. Abuse? Compare it to the post I replied to. You’re finger painting mate continues to shriek about the certainty of the total decimation of the property market. He claims an definite and immediate reduction of values of 2% Forgive me for pointing out that this 2% figure is not supported by anything,and even if it did,it’s certainly not the armeggedon that he shrieks about. Finally, if you don’t understand that a slower rate of capital gain is not a loss,then you are as financially illiterate as your dumb,loud mate. You didn't reply to anything, you just made another random abusive post. I don't claim anything. I simply quote the ALP's own modelling, as many other publications have ... do some research. I don't think you realise how frustrating it is trying to educate someone like you rustard. It's like trying to teach a Goldfish to sit, lay down and roll over.

are you trolling,or you really don't understand ?
You are not simply quoting the ALP modelling,which is the issue.
You quote speculation that in passing quotes some minor part of the policy,then you extrapolate from there.

Only a moron says that it's an immediate 2% (based on nothing but straight out guessing) and shrieks that is a decimation of the market.

You should shut up, learn just a little before you once Gain demonstrated your lack of any financial acumen.

It's embarrassing that you can't comprehend how stupid your posts are factually.

Dr E wrote: Whale wrote: The snout in the trough pigs go into hysterics at the thought of losing some of their squillions.  Forget terrorism, this is REAL panic  The fact is the market will drop slightly, as people get used to the idea and with the normal cycle prices will start to rise again. Maybe not a quickly as they would have but still going up. Too much is never enough is the credo they live by  So the 70% of people who own or are buying a residential property - not just the 7.9% who own investment property - are in your opinion "snout in the trough pigs" ... wow, you really do come from a very low socio economic environment ... you are literally envious of almost everyone!   So what you are saying is that the ALP, the Grattan and McKell Institutes are lying, and instead of listening to what they have proposed as outcomes under their modelling, a $500 billion Black Hole, we should instead rely on your wisdom, and your years of successful property investment, and understanding of the implications of different taxation strategies. You haven't read or understood anything on the subject, have you. You base all decisions on envy of successful people. You ARE the ALP/Greens base, just literally more stupid, because you deny what they are saying, make up your own outcomes, but still blindly support them. Compulsory voting.

Whale wrote: Dr E wrote: Whale wrote: The snout in the trough pigs go into hysterics at the thought of losing some of their squillions.  Forget terrorism, this is REAL panic  The fact is the market will drop slightly, as people get used to the idea and with the normal cycle prices will start to rise again. Maybe not a quickly as they would have but still going up. Too much is never enough is the credo they live by  So the 70% of people who own or are buying a residential property - not just the 7.9% who own investment property - are in your opinion "snout in the trough pigs" ... wow, you really do come from a very low socio economic environment ... you are literally envious of almost everyone!   So what you are saying is that the ALP, the Grattan and McKell Institutes are lying, and instead of listening to what they have proposed as outcomes under their modelling, a $500 billion Black Hole, we should instead rely on your wisdom, and your years of successful property investment, and understanding of the implications of different taxation strategies. You haven't read or understood anything on the subject, have you. You base all decisions on envy of successful people. You ARE the ALP/Greens base, just literally more stupid, because you deny what they are saying, make up your own outcomes, but still blindly support them. Compulsory voting. The 70% use negative gearing do they, I can see why they would be upset  The 70 % actually buy properties to live in, so while the value may go down temporarily they still need a roof over their heads, don't need to sell , and will benefit from rising prices at the end of the downward cycle. You unabashed greed is sickening, millions is not enough, you DESERVE squillions in unearned profits

Dr E wrote: The loss applys to ALL residential property, regardless of whether it is an investment or not ... for the thousandth time you dumb fcuk!