thanks for the reply, peter
i agree with everything you say because let’s face it, it’s not rocket science to work out getting money is better than paying money, but the way steve wrote his article made out that you really never make anything from negative gearing.

a property with $200 a week rent and loan payments of $210 per week is still negatively geared but wont take long to be cashflow positive.

maybe steve is really talking about the “own this for $30 per week” scams as negatively geared. these are obviously rarely worthwhile, but i don’t think he should put all negative gearing under the same umbrella

dean