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I don't believe it is fair to tax the hard working people who had initially struggled to purchase rental properties, with higher interest rates at that time and perhaps lower income. Yet sacrificing on luxury lifestyles, travelling etc and now coming to a stage where they see some sort of reward for all those hard work and sacrifice. Prime example is myself, who own rental property with hard work and sacrifice, and still we are not having a luxury lifestyle and travelling etc. We are still saving to pay the mortgage and once that is done, we will do more for the community than we are already doing now. It's never been easy to buy a home or rental property and maintain it and it's no different now. So, instead, focus on educating ppl on saving, compromising on life stye etc. And also, aim to increase wages/salaries as we are not getting enough pay as other countries are.
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