Originally Posted by gadrivr
Get rid of negative gearing for residential property and the property pricing market will collapse.....as it should.
Paul Keating did that and the rental market imploded resulting in not enough stock for renters and not enough new development coming on line to house owner occupiers as the economies of scale were not there.
Removing neegative gearing sounds like a good idea from a certain perspective, teh reality is somewhat different.
And if you like the thought of a collapsing property market how would you feel about collapsing Australian wages?
Or is it only collapses in your favour that you like?