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LOL, Id rather make money and pay tax, Then loose money and get a tax discount. lol
People have some funny idea's sometimes.
But seriously, Positive gearing is far better then anything else, Neg Gearing is just a con to make people purchase property they can't afford.
That's what I have been thinking, Why does everyone one this forum seem to think that a 50% would be terrible ? For me it presents huge opportunity's
Though I guess it will be bad for those people who are using equity and now have negative equity and those who have a bigger mortgage then what there house is worth.
Lucky for me I don't have any debt
"All our politicians are flying around the world but not dealing in our own back yard" But that's understandable, Remember he has all those important NWO meetings to attend.
Has anyone ever thought that maybe they WANT everyone in debt and they WANT everyone to be a good little Broke Environmental Protection, Terrorist hating Nut ? The more stupid, broke and sidetracked the public are, The more they are withheld from any normal sense of reality, That's how criminal banksters steal trillions of dollars without anyone ever knowing.
As for hyperinflation being impossible, lol. Go to wikepedia and type in hyperflation, They have examples of 30 different countries experiencing hyperinflation in the past 100 years.
There is even numerous countries that have experienced it since the 90's so YES it is infact very possible that it will happen.
Peter Shiff is predicting hyperinflation in the US. No wonder with the amout of money they are printing. You know, Once people stop buying there T bills they are bankrupt, Thats when there printing presses will have to go like mad and inflation will implode there country to pieces.
The dollar rally is not going to last much longer, Thats when we will see some interesting things happen.
Also note that the great depression didnt really fully start untill 2 years after the 1929 stock market crash.
Thats gives us untill 2010-2011
Also another intresting thing, Anyone know Gerald Celente ? He is the guy who runs Trends Research and predicted a lot of things like the 1987 stock market crash, the 90's recession, tech bubble crash ect.
He is saying he is pridicting wide spread tax and food riots by 2012, Take a look, It was up on FOX news.
Undervalued shares, Undervalued to what ? People think they are undervalued because we think there earnings are still high.
Lets see what there earning are in 6-12 months
Then lets see which way the stock market has gone..
I would not trust the U.S government to pay you Jack, China is having there own economic problems, There own economic stimulus package.
Once people stop buying the U.S T Bills they are bankrupt.
You might as well invest in Zimbabwe
Sorry, But I think its crazy to invest in other countries, Especially US and A
People can only be told what they want to hear
Also picture another Deflation scenario.
Everything in price comes down say 50% within a year, Including wages…
But your $350 000 home loan is still the same…
Its a little more complicated then that, Of course people will be experiencing higher purchasing power at the moment, The employed people anyway.. But that will be short lived.
Currently we are experiencing a lot of deflation, This is due to the stock market, People are pulling there money out left right and center and putting it into the bank because they think its more secure, Though at the same time It does not make much sense that we are seeing this Deflation considering the amount of money being printed.
During the great depression the money supply was decreased by a third, So it was a deflationary depression, And by no means was it a good thing.
Like I said before, Our current state of deflation will be short lived because I expect a lot of western countries will experience stagflation or even hyperinflation (Refer to Iceland)
Even if deflation was to continue, our purchasing power would eventually diminish substantially as wages would start to come crashing down.
To some deflation might sound like a good thing, But its not if you can only earn $100 a week.
A couple interesting things Id like to note.
Unemployment was 30%+ during the great depression
I dont know if this one is true but I read that almost 40% of the worlds population works in the food industry some form or another, Compare that with the amount of farmers in 1st world countries and you will find that only a few percent of our population works on farms.
One last thing I think is important is the fact that Australia needs to change its economy in order to survive in the future, Our trade deficits are growing so fast its not funny, Soon we will not have the money required to purchase our imports because we are a consumer based economy, And No just our mines alone is not enough exports to sustain our whole economy, Unless we start making more exports and more production jobs we will eventually see our whole country collapse just as the American empire is collapsing now.
It might sound grim to all you pen pushers on 100K a year not producing anything but soon enough the Farmers working 14 hours a day for $300 a year will be valued more.
LOL and ppl for some reason have this deluded idea that Lord Rudd is some Pleb loving battlers fighter, lol
http://www.news.com.au/business/story/0,27753,24709355-5012426,00.html
But I thought Lord Rudd Fixed the economy with his economy stimulus plan ?
OK, lying is good
Can you please explain to me how going into grave debt is good for the economy and how it will fix everything ?
America is in debt over 10 trillion and that does not seem to be solving all there problems….
Maybe we just need to increase the debt to 100 trillion to fix our economy, That would be cool, Then we can continue on with 20% a year property booms
Yes, the same people who own the Reserve Bank Australia..
Now Kevin Rudd has announced that he infact is a liar and will not have any surplus in his budgets, Which if I recall was one of his Top points on his policy documents if he won the election, Even a few days ago he said there was no way he would go into deficit.
Just shows you what Evil Ignorant and Arrogant Puppet like figures we have in parliament, They will lie through there teeth to you and then turn around the next day, admit they will do the exact opposite and laugh at you. No accountability at all.
Now we will borrow money at interest from the Privately owned RBA which they make out of thin air so we can pay it back to them through bailouts… and "economy stimulus packages" Talk about the joke of the millennia
And does anyone even care ? NO of course not, Actually not only do we not care, We demand our government to rape us with budget deficits and handouts to the same people who own the private central bank that gives us the loans made out of nothing that we have to pay back at interest
Just like Carbon Tax, Everyone admits now that really the earth is getting colder again, But we should pay the global warming tax anyway, Because we like being lied to and being treated like scum plebs
Argg who cares anway, We have more important issues to deal with like, do we have either Pizza or KFC for dinner and discuss who will win Gladiators tonight ?
Don't feel like you have or are missing out. There is always other good opportunity's around the corner, And there will be many many awesome ones coming in the near distant future.
Let everyone laugh at you and call you stupid while they tell you that your missing out because a recovery and a boom is coming next year or the year after that, Then when your buying there property and there 2 year old FPV GT within the next few years at a bank foreclosure auction you can laugh at them
Properties like that always have a catch, I don't know if that has a body corporate so that could be a possibility, Also rates in that area could be a million dollars a year.
You start doing your research and find out the bits and pieces and it always seems that its not so golden as it first seemed.
Also its possible that the $650 is a typo…
ring the real estate up and ask them all the questions if you want to know
You need to see the big picture, Interest rates should be going up to curve in spending and borrowing, Not being lowered to try and inflate the bubble some more, The lowered interest rates will have some very negative impacts for Australians
Massive inflation next year, Devalue of the dollar which will bring higher prices for many things such as food.
Nothing the government can do will invigorate the property boom.
Ok, you can call me a pessimist like everyone else does and laugh at me, But i will be the one laughing in 2 years time.
No job is secure, My great grandfather gave a job on his farm to a judge during the great depression, My family where that poor during the depression that they where forever changed for the rest of there life, They never threw away one bottle, Jar, Or plastic container, They would hoard newspapers, Wash and reuse cling wrap, Eat half rotten food, Never use fans in summer, make there own conserves ect.
Things where that harsh back when the roaring 20's bubble burst everything was rationed, Food, Fuel everything, And the accumulated debt from then is nothing compared to what there is today, There where no Credit Cards, Equity loans, 2nd Mortgages, pay day advances, Government deficits ect.
Good luck in your pursuit of great wealth but I would not be expecting to double your money any time soon.
oops sorry, I didnt read the company part, Also I forgot to mention is that costs like stamp duties, Newspaper adds, Agency Fees and even if you have payed any Land Tax all take into affect the amout of capital gains tax you pay.
Really I think Capital Gains is wrong, So is paying tax on your so called "Profits" from collecting interest in a bank account. If only you could make inflation a deduction….
The bubble was inflated so much that now we have to suffer through a depression, The question is how bad of a Depression ? Unfortunately it will Probably be worse then the great depression. There is 0% chance we will knock this one over the head with just a simple recession like we had in the 90's
The bad thing is there won't be any such thing as a dole when there is 30%+ unemployment
The good part is that we might go through a revolution and throw all the Criminal Banksters, Politicians and CEO's in jail
Its a little more complicated then that, I would talk to an accountant or Lawyer to get a proper estimate but it works off your Income, So if you have earned 50k for the year which is the average wage then you would be up for around $24,000 the rough formula for CG is: CG = marginal tax rate x half capital gain
I think now is the wrong time to act bold. How long can you balance a pencil on your nose ? From what you said there is to many things that could go wrong and 1.7mil is a huge financial burden to pay. Weekly repayments will be around $2,736 that means you will be paying $547 a week for the mortgage
Then there is many other expenses and "things" to consider as well: Children, Mortgage Insurance, House Insurance, Rates, LAND TAX, Property Management fees from real estate agency's, Rental Repairs, More Insurances, More Rates, You could write a list a mile long.
Both you and your husband must be earning some serious Ching Ching to be able to afford to pay off so much debt, I have spoken to real estate agency's where I live in Hervey Bay (Huge pop growth area in QLD)and they have told me that the amount of Rentals becoming available is exponential at the moment, There is thousands of properties avaliable for rent that can't be rented which is pretty funny because everyone on this Forum keeps telling me about the housing shortage and how people have to live "somewhere" yet houses are becomming more empty by the day, Have you considered the possibility of having an empty rental ?
Do you have sufficent casflow to pay your debts and buy food for 6 months if you both lost your job tomorrow ?
