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"Buy a house. Say, a hundred thousand. No money down, interest only loan to keep repayments low. Rent it out. Claim the loss on tax, that's negative gearing. Ten years later, sell it for double. Boom. You've made a hundred thousand out of nothing." I would love to pick this Australian dream to bits. "If he mentions negative gearing one more time ..." I would love to say that you needn't feel like a coward for demurring on a scheme that seems too good to be true. But the math checks out. Kinda.
This pice of art.
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