You didn’t read what I said
You only get a tax rebate because you’re out of pocket subsidising the tenant.
So the “rich” people are actually helping the poor people who are renting.
The poor people are the parasites in this situation.
And as a thank you for helping the poor people out the government generously grandfathered a scheme to help me and hundreds of thousands of other landlords to get negative gearing. Thank you for your tax
@Latho99@SimonCotter62 You can move back home to parents or rent?
A lot of young people use this strategy to get into the market.
No need to be aggressive over the internet big dog
@Latho99@SimonCotter62 Wrong, you can live in it for 6 months and then rent it out and negatively gear and get the PPOR exemption for 6 years following this
@ZorgTheEmporer@newscomauHQ No in fact I subsidise broke peoples rent. You only get negative gearing if you’re losing money providing housing to people. You’re the grifter
@JBiemansj34267@newscomauHQ The problem is because the CGT rate is higher, land lords can’t subsidise the renters so generously anymore so the rent has to go up
@ZorgTheEmporer@newscomauHQ Completely wrong but as a young hard working person I am happy it’s grandfathered so you’ll be paying taxes for my tax deduction for the next 20+ years, because I’ll just keep renewing interest only