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dom1971
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5 Point Test for Every Investment - Dennis Miller - Casey Reseach

I'm in Australia and we have no such thing as mortgage interest tax deductions! I mean seriously? Wow.... just WOW.

The US gov. gets its taxpayers to subsidise other people's property investments? So we have low income earners renting who pay higher taxes so that richer homeowners can get deductions on their McMansion payments? Without knowing much else, on the face of it, that seems like a good contender for the biggest load of horse manure I've heard or read about in quite a while. Like Robin Hood's evil twin who steals from the poor and gives to the rich.

In Australia we earn our dough, pay our tax and then worry if we can afford the mortgage with what's left. What's more if we default on that mortgage there is no walking away from it. The banks take every asset you have, including the house of course, and then bankrupt you... end of story.

Commented 3912 days ago

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Beginning of the headline :The issue is no longer one of waiting to see what the government is going to do; the real issue is what are we as investors going to do? When I say the investment paradigm has changed, I’m referring to a combination of factors. There are no more solid, safe investments paying any kind of decent yield that most retirees could possibly live on comfortably. Re-read that if you have to. Investors are being forced to take on more risk for yield. Some are doing it using an income strategy, some are... Read More

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