this post was submitted on 17 May 2024
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Key points

  • It would make house prices increase by more than the maximum amount people could withdraw
  • It would cost the government $1 trillion in the long run
  • It would leave people with $200k less in retirement savings
  • It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
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[–] [email protected] 7 points 5 months ago

Make it so that interest on money borrowed against residential real estate can't be declared as a business loss then. That'll also make speculating housing investment funds a bad idea