3 - Housing Crisis in Australia
The Red Line
00:00
Can You Explain Negative Gearing?
There was a royal commission industry into bank landing practices, particularly round the housing market. A lot of people going in to get mortgages and ore being assessed at these uno general e rates. And it wasn't granular data that they were actually looking at,. Can someone afford to pay this back overtime? We've got incentives like negative gearing, which, again, i think we gan took bout later, but they're just not in other countries. So there's all these, it's like any asset class. Once it starts to accelerate, and people hear about other people making money, they know that they can borrow huge amounts.
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