LUKENOMICS: Negative Gearing

[@alexanderwarby-cooper3549]

Cool hand Luke 👍👍👍

[@GeniusExplains]

Luke is adorable

[@clairepedersen2114]

Luke is now my economic guru, as Waleed Aly is my political guru 💖

[@Oliviabbeets]

God Luke makes me laugh like no other. This guy is hilarious.

[@amandashinton1162]

Love Luke, so funny, and educating

[@Peg06]

Yay Luke!

[@christeuma]

"Are UFOs real?" is one of those questions you ironically ask when someone suggests "there are no stupid questions".

[@kenambo]

Of course they are real. They're unidentified. Perfect legit question. The answers are mostly stupid though.

[@jordymaharaj]

omg is luke a real person

[@eleanorclub]

Bring back the other redhead...

[@philtran9798]

That was bloody dry as

[@sssh561]

nowhere in the world does this! stop the rort. seriously, it's the biggest con to the tax payer....

[@JL-hz5li]

Negative gearing only works for NEW properties as only they can generate enough depreciation losses for tax deductions. It thus ENCOURAGES development of new housing stock rather than squeezing other buyers out of the somehow fixed-amount housing stock. But hey, a comedian surely knows more about finances.

[@noodles1595]

A comedian with an economics degree* Litterally said in the first couple of minutes. Hooley Dooley. It's a little over 5 minute long vid, that a pretty low retention rate

[@Ocker3]

Citation Needed.

[@ThomasToPC]

Most old properties can be made into negatively geared by: 1) financing the investment property to maximise the debt component and thus interest expense, e.g. 95% with mortgage reinsurance; 2) having the building and all capital works valued and claiming as much depreciation as allowed by the tax law; and 3) claiming every single deduction allowed by the tax law.