Seems like we’re comparing apples and pears. I like WallFlower’s definition of yuppy Yuppies are professionals- lawyers, doctors, architects. not so many of them on this board, so people needn’t take the term personally- I was surprised Rob, that you saw Celivia as referring to you when she spoke of yuppies- you don’t seem the campari type. And the professionals I know don’t spend their time slagging off “single mothers”. I think a yuppy is about profession, income, lifestyle, and values.

kay henry

U9026a said:

“Only a fool (or a Red) would vote for the Reds.”

So vote for the Greens!! [biggrin]

kay henry

Celivia said:

“Entertaining a yuppy would be peanuts compared to raising a family!”

Yes, and the yuppy would be much higher maintenance than the children.. a la.. “no, I’ll only drink Gordon’s Gin, Illy Coffee, Evian water, blah blah..” [goatee]

kay henry

Just offer a fair price to the vendor. Divorce is nothing to take advantage of.

kay henry

Just4fun,

I agree that people are often not focussed on tax when discussing pozz gearing. So the elusive $8 a week or whatever people are looking for, actually becomes $4 a week net return after tax is taken into account. It’s take lots of cf+ houses to live off if you’re looking at $4 a week net return. OK, let’s make the return bigger… $60 a week return on your CF+ IP… so you end up getting $30 return if you’re in the highest tax bracket. Still, that’s $1500 a year. That’s about 30 CF+ places you’d need (from that scenario) to have a passive income to even get the average aussie wage of about 45k.

I think you’ve raised an important issue just4fun. Enjoy the Forum

kay henry

WallFlower said:

“Snotty DINK’s are working their 12hr days so they can wear Armarni and sip camparis and soda on chapel street on saturdays and show off their unstretched tanned torsos.”

You make it all sound so easy and glamorous [goatee] Lovely choice of words though … (now, where’s that martini?)

Let’s face it, pretty much everyone uses govt benefits- what is negative gearing if it isn’t a form of middle class welfare?

Why are we resenting some pittance for parents, or other benefits, when we have (tax) benefits ourselves?

kay henry

Sue,

Don’t feel bad- i loved your post, and I still think you should supersize those kids!! :o))

The most loving people have great kids, and I bet you raise really lovely kids, Sue. I don’t know why this post became a slag off of single mothers- too much watching today tonight and a current affair, i guess. And Sue, it doesn’t matter (to me) if you have ten kids to ten different fathers- all it means is you’d have a diverse looking set of children

I did eat mcdonalds last night- a big mac. I reckon I eat mcdonalds about once a year, pizza once a year, kfc once a year. I love the taste of those foods- totally yummy

kay henry

If people rip me off, I don’t see it as my mistake at all. I expect people to do the right thing by me. I expect each party to any transaction- be it RE, or going to a doctor, or anything at all really.. to do the right thing by each other.

Remember, the vendor also LIED by saying the property would be snapped up, even though it hadn’t sold for many years.

Honesty and transparency never made people poor. I’m glad the counrts found in the lady’s favour. I guess that’s why we have regulation… so that a neutral arbiter can decide based upon the facts, precedent, and the laws surrounding notions of unconscionability in contracts.

kay henry

diclem :o)

How about supersize the kids and take them to mcdonalds until they eat $600 each worth of maccas? [hair2]

kay henry

felicity,

An expensive Daylesford property that is positively geared? hmmm. 400k at $800 a week rent? Something like that? I’m just interested to understand how it is positively geared in that area? Is it a commercial property?

kay henry