@LennaLeprena @crikey_news Allowing super withdrawals will only cause a hike in prices & investors answer is abolish neg gear
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So many other options available - dump negative gearing & 50% discount on capital gains, make it for new builds only.
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it wouldn't be superannuation then would it. It'd be housing assistance funding or First home buyer self funded grant. Lies.
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@PeterMcGSyd The elites are forgetting the young will be running things soon.Thanks. Twitter will use this to make your timeline better. UndoUndo
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the housing boom is already the largest intergenerational transfer of wealth, let's double down.
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I really feel for young and other first home buyers. Going to house sales week after week is depressing. Govt don't care.
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So true. It's a neo-con con full of holes and traps and unforeseen headaches! And betrayal of original purpose.
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then when I retire I've not only saved interest, but the rent I've been paying comes back to me
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use super,buy house,revalue house,borrow more,get personal loan,revalue,consolidate debt,pay cut,lose house,retire broke
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what if my super could be used to buy my house but I'm required to pay rent, instead of interest on a bank loan
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lose your job= lose your house AND your retirement savings. Wonderful plan.
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