okwithmydecay@leminal.space to Australia@aussie.zoneEnglish · 6 days agoHow Australian housing became a generational budget battlegroundwww.sbs.com.auexternal-linkmessage-square16fedilinkarrow-up126arrow-down10
arrow-up126arrow-down1external-linkHow Australian housing became a generational budget battlegroundwww.sbs.com.auokwithmydecay@leminal.space to Australia@aussie.zoneEnglish · 6 days agomessage-square16fedilink
minus-squareTaleya@aussie.zonelinkfedilinkEnglisharrow-up11·6 days agoIt also coincided with a bunch of pension changes that made using property investment to support yourself in your old age a sensible choice. And so fucked us all.
minus-squareG_M0N3Y_2503@lemmy.ziplinkfedilinkEnglisharrow-up2·6 days agoYeah, so makes sense that they had to grandfather it. I’m not into fucking old people either 😜
minus-squareTaleya@aussie.zonelinkfedilinkEnglisharrow-up3·edit-26 days agoNah fuckem. At this point the boomers could sell up their investment properties and absolutely have more money than they’d spend for the rest of their lives. Tax the shit out of anything past PPR.
It also coincided with a bunch of pension changes that made using property investment to support yourself in your old age a sensible choice.
And so fucked us all.
Yeah, so makes sense that they had to grandfather it. I’m not into fucking old people either 😜
Nah fuckem. At this point the boomers could sell up their investment properties and absolutely have more money than they’d spend for the rest of their lives. Tax the shit out of anything past PPR.