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Love #6 Abolish negative gearing.
Now I have to put up the rent on my investment property to cover the complete costs of the interest payments, strata levies, water rates, council rates, insurance etc, etc.
So who loses out, the low income earner renting my property, do you really think the investor is going to wear the loss?
Then, how does that also apply to a business making a loss versus an individual making a loss, say selling fruit, where a bad crop doesn't pay for the inputs? Or tenant who trashes a property (4-5 times the value of the bond) and the owner has to replace carpet before he rent it again. Can't have one rule some and different rule for others.
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