Game Day Around The Grounds Rounds 6 - 10

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Jabba73

Brownlow Medallist
Joined
Oct 11, 2009
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Echuca
AFL Club
Carlton
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Vixens
Lose a bidding war for a property to an investor who gets to write off losses for his multiple properties at tax payers expense....Jabba I can shoot that bullshit down so easily it’s not funny....they’ve done a good job selling that tripe though the commies. The only area of policy that is wrong is negative gearing for old housing stock. Everything else will make it harder for first time buyers and god help the renters.
Not my experience in the finance game, got out of banking after 15 years and hundreds of home loans because the impact of negative gearing for investors coupled with the First Home Owners Grant (biggest inflationary con of all time) locked too many youngsters out of an affordable home.

Refused to play the game and cautioned many against borrowing too much with too little. Seen plenty who have hit the wall by not taking sensible advice as the fear of missing out altogether fuelled a glut of lending, where very dodgy lending practices were both encouraged and allowed to flourish for the pursuit of profit. The Banking Royal Commission has barely scratched the surface.

Still waiting to hear how cashed up investors, able to write off losses at tax payer expense, helps youngsters afford a property.
 

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Jabba73

Brownlow Medallist
Joined
Oct 11, 2009
Posts
20,458
Likes
38,397
Location
Echuca
AFL Club
Carlton
Other Teams
Vixens
Oliver has gone from a very good player to a very overrated player. Any talk that he’s as good or better than Crippa has gone quiet.


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Got called all sorts of names for suggesting he had a very low ceiling in his first year. Sticking by the call ...
 
Joined
Dec 3, 2010
Posts
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6,381
Location
fitzroy
AFL Club
Carlton
Not my experience in the finance game, got out of banking after 15 years and hundreds of home loans because the impact of negative gearing for investors coupled with the First Home Owners Grant (biggest inflationary con of all time) locked too many youngsters out of an affordable home.

Refused to play the game and cautioned many against borrowing too much with too little. Seen plenty who have hit the wall by not taking sensible advice as the fear of missing out altogether fuelled a glut of lending, where very dodgy lending practices were both encouraged and allowed to flourish for the pursuit of profit. The Banking Royal Commission has barely scratched the surface.

Still waiting to hear how cashed up investors, able to write off losses at tax payer expense, helps youngsters afford a property.
Happy to discuss in private, don’t want to offend the touchy hard done by mentality of some around here.
 
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