Quote:
Originally Posted by Polyal
This quote sums up Australia's issues for me, housing has been used as a get rich quick scheme and while I appreciate its an investment opportunity like everything else the issue with that is its a basic necessity that many are now struggling with.
Its the soul and essence of a solid family and we have f'd with it.
Imagine if all those investors sunk their money into shares, business idea's etc..as a country we would be further advanced.
But its ok, middle class people with no cash flow have 3 housing being negatively geared...
|
I hear what you're saying. For the record I have an investment property, but made it an investment property as a part of my SMSF. So not in it to negatively gear, but in it to secure my retirement when the time comes. I found having Super in shares and other areas was too risky and I wanted my hard earned to go into something a little more stable.