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Landlords making capital gains!!!
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I wonder what capital gain they made if they bought in 2007.
And I wonder what the cash outgoings were over these years that they made gains.
I also wonder about the amount of unpaid hours investors have spent looking after the whole gambit of having a rental property.
Then you have to also wonder what costs to advertise and sell and pay lawyers and accountants to realise said capital gains.
And I also wonder wonder wonder ....
If these people get taxed anyway as they were setting out to speculate to make a tax "Paid" gain.
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Originally posted by Wayne View PostFrom my read of the articles they hadn't neccessarily sold - they would just make 'huge' profits if they did.
And the investor is still experiencing all the pain mentioned above, until anything is realised.
And if its there own house, well what has changed for them ?
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Originally posted by Bluekiwi View PostWell its just paper money until you sell.
And the investor is still experiencing all the pain mentioned above, until anything is realised.
And if its there own house, well what has changed for them ?
And if they sell to buy something else they have to buy at a higher rate.
For the home owner, if they have a $400k house now and aspire to have a $600k quality (or location) later when their house doubles so will the desired home.
So instead of their desire being $200k away it is now $400k away.
Only really works if you are in a position or desire to sell and walk away.
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Originally posted by Wayne View PostExactly.
And if they sell to buy something else they have to buy at a higher rate.
For the home owner, if they have a $400k house now and aspire to have a $600k quality (or location) later when their house doubles so will the desired home.
So instead of their desire being $200k away it is now $400k away.
Only really works if you are in a position or desire to sell and walk away.
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Didn't the article suggest there's another 5 years of 'boom' to go? We're 2 years in on the 7 year cycle.
cheers,
DonnaEmail Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
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Originally posted by donna View PostDidn't the article suggest there's another 5 years of 'boom' to go? We're 2 years in on the 7 year cycle.
cheers,
Donna
Which makes no sense at all. The last high point was 2007/2008. So 7 years from then is 2014/15. So we're at the 7 year mark now.
Now of course it's never exactly 7 years, and the cycles are different in other ways too. This one could go on for ages or pop tomorrow, and no one knows which one it will be or something completely different.Squadly dinky do!
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It is beginning to concern me that rental investing is becoming more and more of a political issue. I wouldn't be surprised to see some pretty draconian measures against it coming in.You can find me at: Energise Web Design
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