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Comments by "" (@DanielSMatthews) on "First-home buyers aren’t ‘buying a home to live in forever’" video.
Have all these guys have overlooked inflation, because if I pay $100,000 right now it is actually less wealth handed to the government than if I pay $100,000 over time as an annual tax, correct?
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The "must renovate by" date on Australian homes is about 40 years, that is the recognised life of the construction methods used in most homes here.
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Perhaps it is the government exploiting the economic desperation of young people. Have all these guys have overlooked inflation, because if I pay $100,000 right now it is actually less wealth handed to the government than if I pay $100,000 over time as an annual tax, correct?
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@YTGhostCensorshipCanSuckMe So ten years down the track the duty I paid looks a lot less than it once did. it has diminished in real terms by 10 * 3% (long term inflation rate average). So the longer you wait the smaller that deposit seems, but the larger an accumulated spend on a tax grows. It is a cynical trap.
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