Governments clutching at straws to balance the books. If people in business ran their businesses like the Government runs this country, there would be no jobs, no profits and no businesses.
But I digress.
Now Turnbull is talking about messing with Negative Gearing! Oh My Lordy – ahhhhhh – idiots – didn’t a Labor Prime Minister do that is the 90’s? And look waht happened then! Public Housing waiting lists stretched out for 5 or 10 years. Those of us who has negatively geared properties back then (like me!) just shook our heads and either immediately sold up back into private occupiers hands or held tight through 19 % interest rates and perhaps a reversal of Policy (which did happen thanks goodness) and came out the other side scarred but intact.
With this market at historical multiples, ANY jitter will accelerate the inevitable correction. Playing with Negative Gearing is not a jitter boys and girls. It’s a bloody Tsunami ready to do some serious damage.