‘Property investors fear forced sales’
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‘Property investors fear forced sales’
‘Housing buyers anticipate forced sales’
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Property investors fear forced sales under negative gearing changes
Sydney project leader Chirayu Shah says he and his wife could be forced to sell their home at a loss and unable to offer their children housing security down the track.
The Sydney Morning Herald (www.smh.com.au)
This man claims to have an investment property he’s losing $500 a month on. That’s not an investment mate that’s a bin fire, get rid of it and you’ll have $500 more every month
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@liamvhogan "Purnell Real Estate principal Nick Purnell, who bought an apartment in Canberra as an investment property in 2020, said people will stop investing in property if negative gearing is abolished."
Don't threaten me with a good time.
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It’s by now reached the stage it’s folk wisdom. Ordinary people have the sense that unless they invest in housing they won’t be able to provide for their children, regardless of the actual numbers behind the investment. Gotta buy property!
In fact everybody’s children are made less secure by the systematic wealth transfer to the old
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Shades of Peta Credlin's "Carbon Tax" lie ...
Aannd ... the ABC lines up all ready to provide the platform for the Lies N Propaganda ....
Wonder how many Liberal voters will believe they will lose $omething they don't even have this time ...
In the meantime the scripts are being written ...
"The Coalition called any change to existing rules "Labor's housing tax", flagging the campaign slogan to come. Even if Labor were to only target wealthy investors with multiple properties, the opposition will warn ordinary mum and dad investors, planning for their retirement, are next.
"Whatever they do, we'll run a scare campaign saying they're after you next," says one Coalition MP, who reckons Labor would be "f****g nuts" to go down this path again."
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Look on the bright side ... it's said that the Millennials will be ... "the richest generation in history,"
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@liamvhogan
Affordability gains!