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Forum: Australian Bubble Forum

Forums->Australian Bubble Forum->The henry report, whats in it re housing?

squirrell	The henry report, whats in it re housing?
	Are there any rumours out there about whats in the henry report. I realise there is some stuff related to resources taxes, but i read a while back something referring to reduced CGT and negative gearing. Is Rudd holding back on publishing this to keep the public clueless on the real reasons for our unaffordable housing? It woudl be consistent with the govt/media's approach to the elephant in the room. .... will he be like the NZ govt. Reject most of the recommendations of the recent tax working group (and near unaminous opinion from economists and business) and make small (or no) steps to reducing housing's comparative tax advantage. ph - and nice to see another record drop in home loan approvals. Surely this is a leading indicator??
	on: Wed 10 of Mar, 2010 [02:39 UTC] reads: 2419

Posted messages Style Plain Threaded Headers Only Sort Newest first Oldest first Find author message Macster  Re: The henry report, whats in it re housing? on: Wed 10 of Mar, 2010 [04:46 UTC] The gov will sit on the review until after the election IMO. I've heard runours that it touches on housing with alterations to NG and CGT, both of which are highly contentious issues which would explain the gov holding it back until after the elction as addressing NG or CGT one way or another could very well be enough to cause an election decider. author message aardvark  Re: The henry report, whats in it re housing? on: Wed 10 of Mar, 2010 [08:53 UTC] Is Rudd holding back on publishing this to keep the public clueless on the real reasons for our unaffordable housing? It woudl be consistent with the govt/media's approach to the elephant in the room. Think you got it in one. Today Labor is Liberal-lite, same same. Both are voice-puppets to the banking industry & RE lobby and their propaganda machine - MSMMM - Main Stream Mental Midgets. Banks & RE lobby gets what it wants - a compliant (or is that complicit?) RBA that ignores irresponsible lending, a govt that provides fuel for extra debt by way of increased FHB Bribes, neg gearing, interest only loans, etc (part of a permanently disingenuous tax system that overwhelmingly advantages investors), relaxation of foreign investment rules (can't have Aussies buying Aussie property too cheaply if at all) and 3rd world rates of population growth, etc. Look forward to the day the public finds out how Labor/Liberals have rigged the housing market. Imagine an election where Greens and Independants oust major parties from the Senate - LMAO. author message Macster  Re: The henry report, whats in it re housing? on: Thu 11 of Mar, 2010 [05:35 UTC] Well look at how both parties are completely avoiding the housing affordability issue. We've had countless media articles on it, it's entered just about everybody's mouth in discussions, we've had reports both within and abroad (like Demographia) spelling out Australia's disastrous state of affordability, it's been featured on numerous TV programs like Insight and the 7:30 Report and yet we haven't gotten a breath over the issue from any of the pollies on both sides of politics. Now why is that? Is it just too hot for any of them to handle? A tax review with serious recommendations to address housing taxes would put any government on the back foot and in emergency damage control as the current sad state of affairs get brought to light. Not good for business when it's leading up to an election. author message altakoi  Re: The henry report, whats in it re housing? on: Thu 11 of Mar, 2010 [06:14 UTC] It is too hot to handle, because one man's affordability is another man's lower house price. The only way we can get housing affordability is if a lot of people lose money on their financial choices of the last decade, probably comprehenively buggering their finances for life. One can argue that this serves them right - personally I am more in the lynch the bankers not the suckers camp but there are merits in both - but we have no politics in this country (or most democracies) for telling people bad news. It almost has to crash, because a crash which occurs by market forces doesn't immediately implicate any one actor in the way that an engineered 'soft landing' would. There is no politician who wants to be in that seat. author message Macster  Re: The henry report, whats in it re housing? on: Thu 11 of Mar, 2010 [07:24 UTC] If the gov allowed it to crash in '08 (which was well underway before being reversed), it could have gotten off alot better than many would think IMO. They could have just pointed to the GFC, reminding everybody it's happenning just about everywhere else so Oz housing taking a tumble is just one victim upon many as well as laying it on the previous Howard government as well. Now though, it's far past the Howard years to throw any blame onto his plate and the gov lately have been repeatedly telling us we're now emerging from the GFC and how we've weathered it so well, blah, blah, blah (you know rest). Any "negative" trends on housing now will fly right in the face of what they've been hounding constantly for a good while now without any offset whatsoever. It may cause enough of a blow that'll knock 'em right out for the count. I'd be pretty nervous if I was the gov right now... author message erutangis  Re: Re: The henry report, whats in it re housing? on: Thu 11 of Mar, 2010 [13:15 UTC] > If the gov allowed it to crash in '08 (which was well underway before being reversed), it could have gotten off alot better than many would think IMO. They could have just pointed to the GFC, reminding everybody it's happenning just about everywhere else so Oz housing taking a tumble is just one victim upon many as well as laying it on the previous Howard government as well. Now though, it's far past the Howard years to throw any blame onto his plate and the gov lately have been repeatedly telling us we're now emerging from the GFC and how we've weathered it so well, blah, blah, blah (you know rest). Any "negative" trends on housing now will fly right in the face of what they've been hounding constantly for a good while now without any offset whatsoever. It may cause enough of a blow that'll knock 'em right out for the count. I'd be pretty nervous if I was the gov right now... Yeah... but the real GFC (AKA GD II) will be with us soon... author message altakoi  Re: The henry report, whats in it re housing? on: Sun 14 of Mar, 2010 [03:29 UTC] Not that it means they will follow it but apparantly it will be out before the May budget.

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