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How many investment properties is too many?
#75
(11-12-2021, 07:23 PM)Oh_hunnihunni Wrote: The problem though is the price of the house versus the prospective buyers income. The gap has become too great, many times what it was when we could do that. The only way to bring that gap down is to crash house values, and no politician has the guts to suggest such a thing. It could be done, but it would cost whoever did it their careers.

A carefully applied CGT could start the process, if it was targeted at investors with more than reasonable holdings. But that too would take courage.

We have very few political leaders with that stuff in their veins. If any.
Perhaps a politician keen to retire could manage it to apply a CGT. Or one could come out of retirement, do the necessary & then promptly retire again - don't really like the chances of that, though.

They're all a bit too keen on keeping their position, & their perks on retirement. Angel

We hear constantly of the alleged faults of the younger generation, but that hasn't been my experience at all. If anything, its virtually the opposite & most I've come across are either studying, working or both.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)
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RE: How many investment properties is too many? - by Lilith7 - 12-12-2021, 10:39 AM

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