Shorten retires from overseeing NDIS rorts to overseeing international student rorts

Bill Shorten has announced his political retirement from overseeing the NDIS imploding, to getting on the international student gravy train.

Shorten will now take up a position at the University of Canberra doing absolutely fuck all other than increasing the number of Indian Uber Drivers.

“There’s no reason for me to hang around in politics. The CFMEU has been broken up by Triguboff and the developers who want $3/hr Indian tradies and the NDIS will soon be 100% of GDP,” Shorten said.

“May as well get on that international student conga line with the rest of them.”

Shorten is believed to have also been offered a board position at DoorDash.

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LSWCHP

A truly heartbreaking story about Pajeets scamming other Pajeets for bogus Australian visas via bogus Australian educational institutions.

https://www.abc.net.au/news/2024-09-17/indian-students-duped-by-australian-visa-fraud/104309404?utm_source=newsshowcase&utm_medium=discover&utm_campaign=CCwqFwgwKg4IACoGCAow3vI9MPeaCDD6nJ8DMNLvyQM&utm_content=bullets 

It’s been a long time since I laughed so hard…errmmm…I mean…felt so dad.

LSWCHP

…felt so sad. 🙄

Bigger Neater

Oh, no! Anyway…

A Fly In Your Ointment

LOL, significant difference from your voted mates in Canberra selling them residence with every student visa!

when your grandkids speak poojeet as their father’s tongue, because voted polies vacuumed every poojeet with $5k in their pocket to finance first year of studies, i’m sure it will be funny

The90kwbeast

I actually agree with the comments in the story that limiting the number of students will only exacerbate these scams in India and other such countries.

It’s never been a better time to be an Indian scammer.

A Fly In Your Ointment

met the cnut about 10yrs ago at the Syd airport… his eyes gave the gazing of a cardinal in an orphanage.
I’ve never seen a dud this bad rise so high. I guess his streetwise wisdom is higher, hiding under the cloak of a useless man.

A Fly In Your Ointment

Noice, minuses…. someone here luvs Shorten!

the arborist

Congratulations on your new personal best.

Aussie Soy Boy

They should make Tim Tams $8. If fat cunts will pay $6, they will definitely pay $8.

Nemesis

Price is irrelevant; with drugs like Tirzepatide and what comes after them, obesity will be a thing of the past. The junk peddlers will take a huge hit with the masses’ chemically reduced (corrected) appetites.

Gruppenführer Mark

Just went to local Coles. Tim tams 8 for 2. Guess the kwetching of the fat cnuts was heard.

A Fly In Your Ointment

One Māori* woman in parliament has more balls than all the “Oi-Oi! polies” combined!
(hint: not Lambie, her balls are hairy and real)

No man has a vagina’: Women’s rally footage played at Moira Deeming defamation trial
* = self declared

Gruppenführer Mark

I must admit, I’m following the Pavel Durov saga with interest. The dude is a founder of Telegram.

There are many fascinating details surrounding his arrest in France, where he went to have dinner with Macron, per his belief. The arrest warrant that was allegedly signed at the last minute right before his private jet landed, so he wouldn’t be able to be warned. His de facto wife and mother of his 3 children living in Switzerland while he was based in Dubai, claiming that she couldn’t obtain a residency permit in UAE. Her revelations on social media that she was, in fact, his wife and mother of his kids a few days before the arrest.

And now she is after money. Started off with her complaining that he stopped paying her 150,000 euro per month (!) alimony or whatever that arrangement was. Her filing a lawsuit alleging he abused one of the kids. How kids were traumatized having to take a commercial flight recently because they are not accustomed to having other people around.

And now this, which I honestly pilfered from, you guessed it, a Telegram channel.

I’m sure it’s all for the children.

1000008588
A Fly In Your Ointment

I’m sure it’s all for the children.

that’s the first advice local family lawyers give to every woman which resent father of her children having a better life after divorce. “child care” does the same. So…. quite common.

Durov has a problem in that he is of the wrong ethnicity (can never be sure of his loyalties), has a product which defies all the Ministry of Truth requirements and is excessively wealthy thus can be cocky with authorities.
I am sure he knew all this but he probably thought that some gentlemanship existed in top tiers of power. The granny-phucker obviously is not, probably is encumbered too.

If he was marked for culling, it will come with total character assassination (See-Aye-‘Ai textbook), expect more. Rape, groping, substance abuse, criminal activities….

Kim.com went through the same.

If I was Durov, I’d probably agree to all the requirements and then drop the product, escape to a free sovereign cuntry (i.e. Cuba or N.Korea or Russia) and remake old Telegram into Telegraph or Morse or whatevs. Thereafter stay dafaq as far as possible from all the “Lands of the free”. Smarties should be alive and un-arreseted – as their first and most important goal. I doubt he thinks of himself as a martyr… so maybe there’s hope for him.

V

There is an irony in that many of these people collect citizenships of various countries for ‘security’.
But if you think about it, having to chain yourself to the rules of 1 government is bad enough, why voluntarily chain yourself to 3 or 4?
In Durovs case it seems to be the Russians who are advocating for him even though he isn’t exactly flavour of the month given the way he publicly criticised them.

A fly in your ointment

…and he buckled….

https://www.zerohedge.com/political/durov-changes-tune-while-bail-france-telegram-allow-more-data-governments

Let’s see his next step after he leaves gaol shakles in the land of the freedoms

A Fly In Your Ointment

Usual mouth for hire complains Aussies are sitting still whilst fornicated by the government, asking only for extra vaseline to alleviate the pain.

The cnut that wrote this article is just another sand pebble in the syndicated msm propaganda machine but in this case, when personally stung, he squeal and screeches against the system.

“victimless crime”
noice
it probably constitutes 95% of all crimes that are penilised in this pond

OzCuck

In another breath he’ll suck off Transurban.

Car parks would destroy the village feel. I’ve legit seen a dumb bitch actress refer to Leichardt as her village. It’s a fuggin suburb. Would love to see Triguboff shit up those suburbs.

A Fly In Your Ointment

indeed

V

What village feel? Only in Sydney would you find a place like Leichardt. Multi-million dollar houses while you enjoy the sounds of A380, 777 and screaming 737s on approach and scenic views to the inside of the landing gear wheel-wells.
You could live literally anywhere else on earth for that money.

Gruppenführer Mark

Yeah. Had to visit Sydney for business a few weeks ago. Went for a stroll in the Centennial Park. Wasn’t impressed, no paved footpaths, no bins. Maybe I didn’t get to the good part (was in the northern end of it). The whole city seemed grey, unlike what I remember from before Covid. Maybe I am just bitten by Perth bug.

OzCuck

The suburbs are usually pretty but the old parts of Sydney have always had a dark sinister feel to them imo. When its made by cunce like Bligh I guess it makes sense. Inside those houses are just boomers, wannabe boomers and demented lefties so 95% of the people are just worthless crap.

Gruppenführer Mark

Back to the economics. The US Fed announced a 50bp cut. Zerohedge has some nice graphs and commentary.

Personal reflection, continuing from the thread a month ago. First move is down, and an out-of-character, too. Usual moves are 25bp, so this looks like a knee jerk reaction to something. Maybe those coupon payments on the existing debt are starting to hurt. Maybe the workforce replacement strategy (yanks out, migrants in) is backfiring because populace is getting poorer and personal debt is spiralling. Credit cards, you know, the lifeblood of the personal economic survival.

I still say that long to medium term rates are going up. Will be interesting to see if the RBA will follow. Banks have already dropped home loan rates, and just the other day I have read ANZ have dropped the interest rate on their savings by 10bp. And after Fed move, the pressure will be on RBA. They might hold off in October, but come Melbourne Cup Day, they might be “convinced” to deliver an early Xmas gift for the punters.

Thoughts?

robert2013

Wages and spending are being crushed by excess population. Isn’t it helping to keep a lid on many items in the CPI, as is the ongoing deflation in manufactured goods thanks to China and others? Rent is appears to be stabilising as more people huddle on one property. But building isn’t happening and immigration isn’t falling, so this could well be a lull before further rent hikes. Fuel is getting cheaper, but for how long? Lowering rates would likely lead to a lower currency and hence imported inflation. I don’t know how much of CPI is imported goods. If high enough, this might matter.

OzCuck

This obsession with birth rates.

https://www.news.com.au/world/europe/russia-is-encouraging-millions-to-have-sex-at-work-to-address-rapidly-tumbling-birthrate/news-story/72ffdfdba8da92355380a2d711fa18a0

Mental.

South Korea is down to 0.8. Still got 50m people though, and they can churn out KIAs and Hyundais no one wanted just fine.

Stewie

South Korea is down to 0.8. Still got 50m people though, and they can churn out KIAs and Hyundais no one wanted just fine.

Population collapse happens quickly – as the Western portion of the Roman Empire experienced cultural collapse among the elite portion i.e. the Roman rulers and their immediate culturally indoctrinated proxies, it was literally like they had vanished.

Within the space of three generations Romans in the UK went from inhabiting country villas and estates, to large villages, to large cities, to completely gone or assimilated. In the space of 100 years the Roman vanished from the British Isles, with the majority disappearing within 60 years.

With global travel not a thing at that time, there was no imported labor force to replace them, economic collapse followed hand-in-hand and the commencement of the European Dark Ages began.

I doubt that will be the case with Korea – they are so ethnocentric that I doubt they will be importing a foreign replacement workforce. More likely North Koreans will inherit most of South Korea – I imagine there will eventually be a labor crunch point, where the possibility where the risk of complete economic collapse and societal extinction will be greater than relying on their backward northern cousins – not that their birth rate is much better, although it is still more than double the South’s.

The future belongs to those who show up for it. The Jews have it right in that regard – follow God’s law, have large families and respect the values that encourage those ideals and you and your descendants are likely to inherit the earth.

OzCuck

Have WAP. Control banks, mining. Only import coolies where absolutely necessary, like for farming. Manufacture essentials like cars. Go back about 50 years and start again. Have some sort of intellectual class that keeps an eye on everything. Like what Jews have and their ADL.

V

Strange how we simultaneously worry about two somewhat contradictory things at the same time.
1) Declining birth rates.
2) Heavy automation, robotics and AI meaning there will be less demand for human work/job creation.

In that context I don’t think an easing off in the birth rate is a huge area of concern. Japan and SKorea which are homogenous, ordered societies have even less to worry about IMO.
It is the countries who have imported an underclass from the third world to perform menial tasks for the here-and-now demands that will have the most problems.

A Fly In Your Ointment

Declining birth rates is not a linear neither predictable business.

Farmer with lesser number of chicken has lesser number of eggs to collect every day….

Gruppenführer Mark

South Koreans just need to eat more grasshoppers, apparently it results in an increased sex drive.

In Utopia of the future, people will be munching on grasshoppers, sleeping, have beautiful hair and breeding like rats. What’s not to love?

OzCuck

Faggot generation strikes again, these look like the cunce buying in my suburb, I’d rather a few more quiet and humble asians and poos than these pretentious soy scum.

https://www.news.com.au/finance/real-estate/buying/real-estate-agent-reveals-group-causing-house-prices-to-soar/news-story/275e6df8d170c0f24e5e3d2c5f7150d7

>Sydney real estate agent Amir Jahan said prices keep rising because of “emotional” first-time home buyers with rich parents who are prepared to overpay to keep their adult children happy

Gruppenführer Mark

That Amir dude should fit right in with this crowd. Suit, beard and all.

https://youtu.be/VGm267O04a8?si=R9qkyQWOpRLs0VuF

OzCuck

Yeah scumbags paradise. Plus they won’t even let that sort of comedy anywhere near prime time tv.

the arborist

Unfunny left wing faggots picking low-hanging fruit. Sounds like exactly the sort of comedy you’d see on tv. Aunty Donna are the most Melbournest faggots I’ve laid eyes and ears on. Which is why they’re on the ABC.

OzCuck

Yeah I think they’re ultimately gay. Shit on the real estate agent while giving them a god tier feast with open borders. Superwog is good though. A lot of taking the piss out of racist stereotypes which only wogs and other shitskins allowed to do now.

But I still say you’re not allowed to be actually funny on prime time you have to be a faggot like Peter Helier or Hamish and Andy. Legacy citizens are just as much to blame they’re constantly looking to be offended now too. Being a craven scum traitor needs to come with woke blandness otherwise they might see what they’ve become.

MAFs is ok though that makes whitey look like trash.

Gruppenführer Mark

Recall the news from about a month ago when Putin signed a law allowing people from countries that promote non-traditional values to move to Russia skipping language tests, etc.?

Well, they published the list of said countries, 47 in total. As one would expect, pretty much all of Europe, USA, Canada, us, NZ, Japan (?), but I guess the last one is because of the hentai shit. One that surprised me was Micronesia. What do those pesky Micronesians get up to these days? Anyone knows?

The list. How did Brits get on there twice?

🇷🇺 The Russian government has compiled a list of countries that “contradict traditional Russian spiritual and moral values.”

It is citizens from these countries who will be allowed to apply for a temporary residence permit without taking into account the quota and without submitting a document confirming knowledge of the Russian language and Russian history.

The list published by the Cabinet of Ministers includes 47 countries:

Albania, Andorra, Australia, Austria, Bahamas, Belgium, Bulgaria, Great Britain (including the British Crown Dependencies and British Overseas Territories), Germany, Greece, Denmark, Iceland, Ireland, Italy, Japan, Canada, Croatia, Cyprus, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Micronesia, Monaco, Netherlands, New Zealand, North Macedonia, Poland, Portugal, Republic of Korea, Romania, San Marino, Singapore, Slovenia, Spain, Sweden, Switzerland, Taiwan, Ukraine, United States of America, United Kingdom (including the British Crown Dependencies and British Overseas Territories).

A Fly In Your Ointment

All of Europe?
nope,

OrbanOrszag is not on the list

Nor Slovakia these countries already based enough I guess.

A fly in your ointment

If you look at the map, Slovakia, Huns, Serbs…. it’s a cluster of neighbours obstructed by ukronaxis…

stagmal

oooooooooooooooooooooooooooooooo

the arborist

He’s back! Did you get over your covaids?

Gruppenführer Mark

To celebrate King’s birthday here in beautiful WA, I give you some memes to enjoy.

1000008662
Gruppenführer Mark

1000008610
Gruppenführer Mark

Nice visual of the parabolic rise of US debt. In blue is the growth past 2020.

1000008697
OzCuck

Skill

canuckdownunder

The Grocery Code of Conduct is the gift that keeps on giving, who knew that would be Tony Abbott‘s legacy?

If it weren’t for those crooked grocers we could lower teh rates!!!

OzCuck

>The big supermarkets are accused of hiking prices for brief periods before being placed in Woolworths’ “Prices Dropped” promotion and Coles’ “Down Down” promotion, at prices lower than during the price spike but higher than, or the same as, the regular price.

The horror.

I noticed bacon is often 17 but I got it for 13 the other day. Filled up for 1.57 a litre.

https://www.news.com.au/national/politics/pm-warns-big-supermarkets-on-treating-customers-like-fools/news-story/5878ef9493f0ae09959844b4fc1fb59a

Sometimes they price shit ham expensively to fool people into thinking they are definitely getting good ham.

But overall modern supermarkets are one of the few good things to come out of the invasion and globohomo.

canuckdownunder

Right, it’s laughable that in a period of global inflation we’re going to say it’s Colesworth fault because they tricked fatty into paying more for a family pack of Oreos.

Cynics, and by that I mean most of the EZFKA community, would run an early life check of this broad running the investigation (tick), and say it’s a bunch of distraction designed to divert anger elsewhere.

The90kwbeast

Both can be true. Coles worth obviously run bullshit promotions and discounts from previously inflated prices, the technique is called anchoring.

Kogan and some other retails including I believe Harvey Norman do it also.

I shop at Aldi for this reason to avoid this crap.

LSWCHP

Yeah, I started shopping atAldi a few years ago when I retired, and now about 90% of our grocery bill is spent there and Colesworth get a few odd dollars for things that Aldi doesn’t have in stock.

Our grocery bills have also substantially reduced as well. To consider the classic example, a big of chips that’s $3 at Aldi is $6 at the local Coles. And the Aldi chips are better too.

A fly in your ointment

I did the same then I found local markets and grocers whom offer better deal than Aldi. Local butcher makes better and less costly meat too…

LSWCHP

To the surprise of exactly nobody, it appears that if a country imports lots of young men from rapey cultures then you end up with lots more rapes.

https://www.rt.com/news/604464-rape-reported-london-every-hour/

One reported every hour in London, with probably only about one in five being reported.

A fly in your ointment

Kiddo rape is another thing altogether but adult rape reporting is everywhere on rise simply because women are encouraged (and not ashamed) to report it and because rape also can be post event-‘alternative facts’ kind of thing.
Sure, xeno-shyte has some influence too but how much and how far is impossible to weigh just from reports frequency data.
RT may report on it where msm will not but it is not free of confirmation bias.

Stewie

Sure, xeno-shyte has some influence too but how much and how far is impossible to weigh just from reports frequency data.

Even the Monkey’s have had enough of rapey Indians and subcontinentals:

A pack of primates are being praised after saving a 6-year-old girl from being raped in India.

The monkeys attacked the rapist after he pulled the child into an abandoned building, scaring him off and letting the girl leave unharmed.

Good monkey

https://www.thepublica.com/india-troop-of-heroic-monkeys-stop-man-from-raping-6-year-old-girl/

Capture-Copy-18
OzCuck

Feminists(ie almost all women?) will love it. Imported victimhood, feminist industry gets more to whinge about and more money.

A Fly In Your Ointment

Let’s pretend there’s no kiddo rape culture in this pond

As much as rape accuse is often a murky waters business when it comes to adults, when it comes to kids the field should be heavily tilted to favor accusations. Swiftness is the most important bit after justice.

It took an immigrant worker to report Ashley Paul Griffith after more than a decade of funny business with kids where many Griffith’s co-workers just turned blind eye. (that’s making themselves complicit in kiddo crimes)
Why in kid rape cases institution offenders are always shielded from harsh winds?

OzCuck

It doesn’t happen in wog lands? You’re a pretty sexist bunch and shameless about your base desires.

A fly in your ointment

Of course it happens everywhere.
Unlike here, in woglands commoner kiddo rapists just don’t get to be protected by their institutions or anyone (if they survive sentencing by parents).
Yes we are sexist. All our kids are aleays from a mixed marriage. All fathers are men and all mothers are women.

OzCuck

What’s mixed marriage as in 2nd cousin?

Aren’t you harbouring a whole heap of mick rapists at the Vatican?

Yeah typical cuckservatives act like you’re based but you need infinity nogs to pick the tomatoes and your pope is a colossal shitskin loving faggot.

A fly in your ointment

Not all the wogs are the same.

Vatican, yeah, hence the saying “happy as a cardinal in an orphanage”. Vatican is a state and cardinals are like polies here or everywhere… they will be protected no matter what. But on the commoners level… people react even on a suspicion. Unlike here.

LSWCHP

So that weird looking imbecile who thought he might have a crack at Trump had his scope mounted on his rifle with electricians tape. 🙄

https://x.com/AnimeBallSnot/status/1838206805681320443

Typical loony lefty with huge ideas and zero skill at arms.

If nothing else that would make it damn hard to load because the SKS loads from the top via stripper clips.

Gruppenführer Mark

Polish PM declares war on beavers. Real ones ))

Bobr, kurwa! Famous meme is now real!

Last edited 2 months ago by Gruppenführer Mark
LSWCHP

I’m a huge fan of beaver myself. Never come across one I didn’t like.

Gruppenführer Mark

Then I shall share with you the highlights of this epic battle between South Carolina Gamecocks vs. Oregon State Beavers.

LSWCHP

Now that’s a great combination! 😁

LSWCHP

Keir Starmer just gave a speech in the UK where he issued an impassioned plea for Hamas to return the sausages from Gaza instead of the hostages.

Albanese, Biden, Starmer, Trudeau…what a collection of tyrant clowns.

robert2013

I came up with this the other day: “If you vote for arseholes you’re going to get turds”.

A fly in your ointment

Ah, the incredible Jamie Seidel of Fakenews dot dot…

https://www.news.com.au/technology/motoring/on-the-road/could-be-compromised-calls-to-ban-weaponised-chinese-evs/news-story/4e6ef579b49115ea46a57013b0c97332

This article could be used as a nice example of flip flop zig zag of narratives with false conclusions galore.

Few decades ago, tariffs were not euphemised

A fly in your ointment

Noice, I got a free rent in someone’s head, chasing me with minuses.

A Fly In Your Ointment

awesome… it’s a -4 bedroom free rental…
maybe a fifth?

OzCuck

I don’t think we really want the ching chongs making literally everything.

Women who buy cars because of how they look and also want some green cred btfo.

A Fly In Your Ointment

too late for that.
Too many seppo businesses are heavily invested and rely on Slopelands manufacture.
BYD did the same as E-lone Musk, success was guaranteed.

Ironic Boomer

‘It’s not good, but it could have been worse. At least they were discussing women’s health issues and not the war with Russia or the Middle East.’

Lol.

https://voxday.net/2024/09/23/who-elected-her/

Seriously though, wtf is up with that.

LSWCHP

Weird shit, given that as an unelected, unappointed citizen she has no more right to he there than any other American.

The entire US system of government has been usurped by the cabal surrounding Biden.

YYY Guy
OzCuck
Gruppenführer Mark

I’ve been through that myself. I grew up in a family that was on Centrelink, and you can’t get a loan for a house if you’re on Centrelink. We had no other option but to rent

Another example of successful success. He could be the next AnAl with the street cred and all that.

On a serious note, though. I don’t get two things.

  1. Rental market is driven by demand (we keep importing new tenants) and ability to pay. While first is ok, second is not, because wage growth is stagnant and is a direct result of importing more labour.
  2. Negative gearing is defined as deducting an investment loss from your other taxable income. So negative gearing saves tax on that income. For someone in a 30% tax bracket, every $100 in loss returns $30 in tax savings. So $70 is still a loss.

Why take deliberate loss? Where is the understanding that pushing rental price up 50% means nothing if the average punter getting $5K per month after tax and spending half of it on rent now is unlikely to be able to afford to spend 75% on rent? This will necessarily lead to a shrinking pool of renters who will be forced to shared housing or worse. Shared space tends to be looked after poorly unlike private residence. Yes, one can cram 12 subcontinent dwellers into a 2 bedder for cash, while claiming NG, but that is breaking the law if caught.

What is the end game, other than capital gain? It’s like living in a South Park episode when underpants gnomes outlined their business plan: Step A – steal underpants. Step C – become rich. Step B – ???

In our case, Step A is to buy property.

What am I missing? Tax fraud when one’s holiday can be written off as NG expense? Writing off a part of the new BMW lease as part of NG expense? One still has to have income to claim against, so it is a real loss, just offset a bit.

OzCuck

If the msm is whinging about it its probably going to be a good thing. Probably not much given the immigration rate but a bit better.

But Shorten wanted to just end it for new investors and let the previous ones keep it so if they do that they can fuck off.

Gruppenführer Mark

That piece you posted was from realestate.com, so vested interest for sure.

OzCuck

Waleed was tut tutting it a bit on The Project last night. Saying that some mums and dads will suffer.

Gruppenführer Mark

I get the sales job. Ordinary mums and dads, who are teachers and firies, will be in dire straits. I just honestly don’t get the economic sense of NG per my post above, unless it is capital gain.

Or if someone owns just 1 property and rents it out to take advantage of the NG while renting something else – how does that math work?

Keep the NG, abolish the CG discount unless selling a PPOR and buying another. But that will be even more unpopular I’d guess.

Please someone explain it to me.

A Fly In Your Ointment

Please someone explain it to me.

you’re looking for logic in a game which has no free market movements and has no logic either.

NG serves to cover the gap where CG does not cover all the interest and maintenance costs and it sucks cash-poor punters into the game. But being that NG is more of a function of your tax bracket, all the fluff about low income earners protection is pure unadulterated rubbish

if someone owns just 1 property and rents it out to take advantage of the NG while renting something else – how does that math work?

Case 1
You buy a property and you rent it out for 700 bucks
You rent a property for yourself for 700 bucks
Can claim negative gearing on your IP.

Case 2
you buy a property which can rent out for 700 bucks but you live in it instead.
Cannot claim NG.

Case 3
You buy a property and you rent it out to your mate for $xxx
Your mate buys a property and he rents it out to you for $xxx
You look after your mate’s rental property in his absence
Your mate looks after your rental property in your absence
All near-legal and all can claim NG

Case 4

I get the manipulation part. But in order to get NG you have to show a loss, and only a part of it comes back. On $100 loss $30 comes back. Where is the logic of paying $70 to get $30 back?

Or am I really dense?

Or is there a scenario where NG actually makes one money? Whereby using creative accounting the loss on paper reduces taxable income to a point that it’s an overall winner?

Last edited 2 months ago by Gruppenführer Mark
A Fly In Your Ointment

if you compare cases 1 and 2, there is no financial difference, except that in case 2 you can claim NG.

The loss is always there, its just how it is paid (before or after income-tax)

Whereby using creative accounting the loss on paper reduces taxable income to a point that it’s an overall winner?

A penny saved is penny earned, x52wks + x45yrs + compound earnings on that money = $xxxxxxxxxx
If you reduce taxes you are an overall winner.

You need to speak to a good accountant, someone who can manage your taxes and better explain. There are other stuff too, some even more lucrative than NG. Last year I barely paid taxes (which is a function of how I earned/spent in that year and in previous years).

Tax avoidance is legal. Cannot avoid most of the taxes if you work for someone else (salary, wages etc).

robert2013

But don’t you only get the tax deduction if the outgoings on the IP are greater than the income from the rent? So it might be a good way to pay for renovations your house, but wouldn’t it be silly to take out a bigger loan just to pay more interest than received in rent in order to get a tax deduction?

The90kwbeast

You’re over complicating it. NG exists to buffer periods of higher interest rates at taxpayers expense, to support cashflow and profitability on a property.

Also remember depreciation goes into calculations for negative gearing so you may be cashflow positive but negatively geared.

Gruppenführer Mark

Thanks. I didn’t consider depreciation, since houses double every 7 years (c). Land vs. structure I suppose.

The90kwbeast

No probs. And as you’re Perth based I hope you’ve enjoyed the super mega boom recently experienced!

Gruppenführer Mark

Came across this piece outlining in broad brush the War on Terror we lived with for the last 23 years. Yes it is by Pepe Escobar, so biased towards his world view.

Regardless, I do agree with his last statement that it has now morphed into War of Terror. There is nowhere for the self-proclaimed hegemon to turn other than to double down and pick a fight with bigger opponent in hopes that formal glory days return. Chances of that are slim to none, as it seems to me, but when all you have is a hammer, everything starts to look like a nail.

A Fly In Your Ointment

your link seems to be not working

https://thecradle.co/articles-id/26847

There is nowhere for the self-proclaimed hegemon to turn other than to double down and pick a fight with bigger opponent in hopes that formal glory days return.

and it will… but by the looks of it, the war of attrition is already in full swing and prospective hegemon(s) are playing a dodge quite well. Give’em enough rope and…