Another day, another "hidden dangers of CGT reform" op-ed — this one authored by a buyers' advocate and founder of a property investment firm. Completely unbiased, obviously.
The central argument: if investors don't buy existing houses, those houses will simply cease to exist. The bricks will dematerialise. The land will dissolve into the void. First home buyers cannot purchase a property unless a landlord purchases it first, apparently.
The piece never quite grapples with the fact that a house sold by an exiting investor is… a house someone else can buy. Possibly even someone who wants to, you know, live in it.
#HousingCrisis #NegativeGearing #AusPol #CGT #propertyInvestment #bullshit

