> Frankly I think any system that encourages people to create homes for others to rent as doing a public good. I don't see the tax breaks as a good thing as it

> Frankly I think any system that encourages people to create homes for others to rent as doing a public good. I don't see the tax breaks as a good thing as it skews market forces and inflate property prices. They also throw up a moral dilemma: Why should property investors get tax breaks (offset interest payments against personal tax) and not home owners. What you start to see some single young professionals in Australia doing is buying an investment property to lease out and then renting another property to live in themselves. This is to take advantage of the government-funded tax breaks. So the flow of money goes a little something like: government tax revenue -> property prices. I can't see this helping the public good at all.