Why Costello should scrap negative gearing
Jul 8th 2003, 5:17 am
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Why Costello should scrap negative gearing
For the budding property millionaires , a debate has started on this rort beware what is talk today could be law tomorrow.
The Government needs to prevent a housing bust. Here's how it might be done, writes Tim Colebatch.
The biggest risk to the Howard Government's chances of winning the next election is the possibility that Australia's long economic boom will go bust.
As Reserve Bank governor Ian Macfarlane told the parliamentary economics committee last month, the main threat to the economy is the unsustainable growth in home lending and house prices. In six years, our after-tax income per head has risen 27 per cent. But average house prices have risen 85 per cent, and our housing debt has doubled to almost $400 billion
http://theage.com.au/articles/2003/0...430135658.html
The Government needs to prevent a housing bust. Here's how it might be done, writes Tim Colebatch.
The biggest risk to the Howard Government's chances of winning the next election is the possibility that Australia's long economic boom will go bust.
As Reserve Bank governor Ian Macfarlane told the parliamentary economics committee last month, the main threat to the economy is the unsustainable growth in home lending and house prices. In six years, our after-tax income per head has risen 27 per cent. But average house prices have risen 85 per cent, and our housing debt has doubled to almost $400 billion
http://theage.com.au/articles/2003/0...430135658.html
Last edited by pommie bastard; Jul 8th 2003 at 5:29 am.
Jul 8th 2003, 5:42 am
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Brierley Hill Self Help Group: C. Dunn, Brierley Hill Glass College of Technology, Moor Street, Brierley Hill (01384 455433). (10384 823499)
Jul 8th 2003, 5:43 am
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Originally posted by Modigliana
Brierley Hill Self Help Group: C. Dunn, Brierley Hill Glass College of Technology, Moor Street, Brierley Hill (01384 455433). (10384 823499)
Brierley Hill Self Help Group: C. Dunn, Brierley Hill Glass College of Technology, Moor Street, Brierley Hill (01384 455433). (10384 823499)
Might try these?
http://www.drug-chat.co.uk/drug_alcohol.asp
Last edited by pommie bastard; Jul 8th 2003 at 5:46 am.
Jul 8th 2003, 5:49 am
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Re: Why Costello should scrap negative gearing
Originally posted by pommie bastard
For the budding property millionaires , a debate has started on this rort beware what is talk today could be law tomorrow.
The Government needs to prevent a housing bust. Here's how it might be done, writes Tim Colebatch.
The biggest risk to the Howard Government's chances of winning the next election is the possibility that Australia's long economic boom will go bust.
As Reserve Bank governor Ian Macfarlane told the parliamentary economics committee last month, the main threat to the economy is the unsustainable growth in home lending and house prices. In six years, our after-tax income per head has risen 27 per cent. But average house prices have risen 85 per cent, and our housing debt has doubled to almost $400 billion
http://theage.com.au/articles/2003/0...430135658.html
For the budding property millionaires , a debate has started on this rort beware what is talk today could be law tomorrow.
The Government needs to prevent a housing bust. Here's how it might be done, writes Tim Colebatch.
The biggest risk to the Howard Government's chances of winning the next election is the possibility that Australia's long economic boom will go bust.
As Reserve Bank governor Ian Macfarlane told the parliamentary economics committee last month, the main threat to the economy is the unsustainable growth in home lending and house prices. In six years, our after-tax income per head has risen 27 per cent. But average house prices have risen 85 per cent, and our housing debt has doubled to almost $400 billion
http://theage.com.au/articles/2003/0...430135658.html
Jul 8th 2003, 5:50 am
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Re: Why Costello should scrap negative gearing
Originally posted by The Tooth Fairy
Which party would you prefer to perform hari-kari?
Which party would you prefer to perform hari-kari?
Jul 8th 2003, 6:04 am
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Re: Why Costello should scrap negative gearing
Originally posted by pommie bastard
Same said over CGT on shares was it not?
Same said over CGT on shares was it not?
I have no problem with negative gearing, a fool and his money will be parted one way or another if they insist.
Setting losses against other income, although seemingly reasonable, encourages peculiar behaviour, namely growth speculation rather than value speculation.
Jul 8th 2003, 6:07 am
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Re: Why Costello should scrap negative gearing
Originally posted by The Tooth Fairy
Perhaps you mean negatively geared shares where losses are set against other income.
I have no problem with negative gearing, a fool and his money will be parted one way or another if they insist.
Setting losses against other income, although seemingly reasonable, encourages peculiar behaviour, namely growth speculation rather than value speculation.
Perhaps you mean negatively geared shares where losses are set against other income.
I have no problem with negative gearing, a fool and his money will be parted one way or another if they insist.
Setting losses against other income, although seemingly reasonable, encourages peculiar behaviour, namely growth speculation rather than value speculation.
All things change I remember a short arsed pollie saying watch my lips no GST?
Jul 8th 2003, 6:10 am
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Re: Why Costello should scrap negative gearing
Originally posted by pommie bastard
Never a lender or borrower be , too far over my head , but the point is the lenders are making borrowing higher .
All things change I remember a short arsed pollie saying watch my lips no GST?
Never a lender or borrower be , too far over my head , but the point is the lenders are making borrowing higher .
All things change I remember a short arsed pollie saying watch my lips no GST?
Jul 8th 2003, 6:14 am
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Re: Why Costello should scrap negative gearing
Originally posted by The Tooth Fairy
It will only change when all other alternatives are worse than hari-kari.
It will only change when all other alternatives are worse than hari-kari.
Lets see it could go like this to help all the greedy will have 6 months to bail out or else .
Battlers will swop voting and Labor voters will be hard put who to vote for.
