Terrence Miao
-
2012-03-16 15:28:28+1100
- Updated: 2012-03-16 15:28:28+1100
Word of the day
- Negative gearing.
It's a socially acceptable way of saying "I'm losing money".
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+1'd by:
James Gemmell
Oleg Kiorsak
- 2012-03-16 16:31:55+1100
I thought it's a legitimized way to maximize the profits from the speculative activity on the "going only up and like crazy" real estate market (as opposed to genuine "investment" intended to generate steady income from rent)... ;-)