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Originally Posted by PCH
If you still have a mortgage on your present house, don't forget to vary your PAYG tax if it's negatively geared once it has tenants installed.
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I will never understand how you can make money by losing money... Australia needs some tax reform in this area. In the USA, any interest you pay on your primary mortgage is directly tax deductible. Investment properties are DD&A'd over 18years.
Quote:
Originally Posted by PCH
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Utilities were put into the area in 2002. There are 44 x 35acre plots in immediate vicinity. I'm the only one with plans to build an observatory. I chose the place because the local covenant requires compliance with the "Spirit of Dark Skies" lighting, using the IDA as a guide. On the downside, my dome must have earth toned colors, so white's out, but I can go with a light tan. Building is not a big deal, as just over the range is a city of 25000 people (about 45 miles away by road to the north).
The area is one of the last in Colorado near civilization that still has dark skies. The deep Rockies of course still have clear black skies, but I figure that once I retire, I want to be close enough to get medical attention if requires (15 minutes for an ambulance to arrive).
The missus and I did look at some acreage near Cloudcroft New Mexico, but to be honest, there were too many scientist living in the area (a lot of physicist of every type plus more...) due to its proximity to Alamogordo. Don't get me wrong, I love science like the passion for my better half... but to have only one primary/core conversation for the rest of my life? (Yes, did take time to have friendly chats with everyone in the area... I definitely would be the "Life of the community" if I rolled in ...
http://www.iceinspace.com.au/forum/....milies/lol.gif )
OIC!