You can call me Billy. I like magic internet money $BTC, travelling and eating. I'm an investoor, sometimes swing trader. $fp and $beam enjoyoor ๐งธ๐
World's most unaffordable housing markets
1. ๐ญ๐ฐ Hong Kong
2. ๐ฆ๐บ Sydney
3. ๐บ๐ธ San Jose
4. ๐จ๐ฆ Vancouver
5. ๐บ๐ธ Los Angeles
6. ๐ฆ๐บ Adelaide
7. ๐บ๐ธ Honolulu
8. ๐บ๐ธ San Francisco
9. ๐ฆ๐บ Melbourne
10. ๐บ๐ธ San Diego
11. ๐ฆ๐บ Brisbane
12. ๐ฌ๐ง London
13. ๐จ๐ฆ Toronto
14. ๐ฆ๐บ Perth
15. ๐บ๐ธ Miami
(Demographia)
Negative gearing on Australian property is a trap.
The advice is to go interest-only and keep the loan high so you get 30c back on every dollar you spend.
They tricked you in believing that running at a loss to get a tax break is smart.
An investment property isn't an asset, it's a liability if it costs you money or takes money out of your pocket.
Negative gearing ensures you stay a slave forever, while the property DOES increase in value EQUAL TO the money printer, you think you're wealthier, but really all that was achieved is a safe way to peg yourself to inflation.
Don't believe me? Then what the fuck is this chart saying.
@Rainmaker1973 2 of my cats were sisters, they didn't really get along but always had each other and when I had to put one of them down after she had an accident her sister was so depressed she stopped eating then also passed within a month :(