Politics 🗳️ NZ Politics

[dean]

the "mom and pop" landlords - it's an investment. And yes I hate that term. If it's a business, tax the income. Tax the gains. Where else can you run a business constantly at a loss and still make huge amounts of money?

Plus - Luxon and a huge number of these politicians have rentals. Massive conflict of interest. RESIGN!!!!

It is a business being a landlord. You must comply with the RTA and tax laws and ignorance is no excuse.
Any business can claim overheads as a business cost for tax purposes and mortgage interest costs had been a claimable overhead until Labour changed the law. It is no different to buying a digger or ten diggers with a 10% deposit, hiring them out and claiming the interest costs on the loan as an overhead.
Yields on rental properties are usually less than bank deposits, so on the face of it they are a crap investment. However, they can be profitable if they are held long term and you get rental and capital growth. This is not certain and varies widely. The last 10 years would have been the best since the 80's.

 

[Worried2Death]

First they came for the smokers and I kept quiet because I didn’t smoke.

Then they came for the cars and I kept quiet because I didn’t need to drive.

Then they came for my hamburgers and I kept quiet because I didn’t need to enjoy life..

Then they produced the facts that sex has a huge social cost and I realised this is heading to the universe 25 rat experiment and society is doomed…

First they came for the journalists, and I kept quiet because it's Winston and he's quite entertaining -Wiz

 

[juju]

It is a business being a landlord. You must comply with the RTA and tax laws and ignorance is no excuse.
Any business can claim overheads as a business cost for tax purposes and mortgage interest costs had been a claimable overhead until Labour changed the law. It is no different to buying a digger or ten diggers with a 10% deposit, hiring them out and claiming the interest costs on the loan as an overhead.
Yields on rental properties are usually less than bank deposits, so on the face of it they are a crap investment. However, they can be profitable if they are held long term and you get rental and capital growth. This is not certain and varies widely. The last 10 years would have been the best since the 80's.

It's a business - but a business geared to the detriment of society & basically ensures the wealthier just get wealthier.

And now we have the finance minister saying she was left with many nasty surprises in the books - but Act wanting (and the coalition likely to proceed with) back dating interest deductibility to April 2023 at a cost of $2.65b over 4 years and absolutely no guarantee any savings will be passed on to renters at all. Totally Ridiculous

 

[Worried2Death]

It is a business being a landlord. You must comply with the RTA and tax laws and ignorance is no excuse.
Any business can claim overheads as a business cost for tax purposes and mortgage interest costs had been a claimable overhead until Labour changed the law. It is no different to buying a digger or ten diggers with a 10% deposit, hiring them out and claiming the interest costs on the loan as an overhead.
Yields on rental properties are usually less than bank deposits, so on the face of it they are a crap investment. However, they can be profitable if they are held long term and you get rental and capital growth. This is not certain and varies widely. The last 10 years would have been the best since the 80's.

Nobody lives in a digger though, residential housing is a business with a social contract. Mind you I've seen some Dunedin student flats where the tenants would be better off in a digger.

 

[wizard of Tauranga]

First they came for the journalists, and I kept quiet because it's Winston and he's quite entertaining -Wiz

Mine was a deeply meaningful post mixed with a bit of humour that was unappreciated by many in here. Glad the thinking people like you appreciate it and it’s context

 

[Worried2Death]

Mine was a deeply meaningful post mixed with a bit of humour that was unappreciated by many in here. Glad the thinking people like you appreciate it and it’s context

I was just trying to troll you, apparently it was a fail

 

[MaybeTop8]

It's a business - but a business geared to the detriment of society & basically ensures the wealthier just get wealthier.

And now we have the finance minister saying she was left with many nasty surprises in the books - but Act wanting (and the coalition likely to proceed with) back dating interest deductibility to April 2023 at a cost of $2.65b over 4 years and absolutely no guarantee any savings will be passed on to renters at all. Totally Ridiculous

The finance minister probably should have read the PREFU. They said they did, but clearly not if she is "finding surprises"

 

[dean]

Nobody lives in a digger though, residential housing is a business with a social contract. Mind you I've seen some Dunedin student flats where the tenants would be better off in

People live in cars, why not diggers, much better view.

 

[wizard of Tauranga]

First they came for the journalists, and I kept quiet because it's Winston and he's quite entertaining -Wiz

The journalist will do what they tried to do to Trump by highlighting how outraged they are… which just as with Trump, actually feeds his followers and makes him stronger!

They need to ignore him and stop giving him oxygen!

Ironically I feel sorry for old Winnie. The old man probably hasn’t been getting his afternoon naps lately.

Labour created the monster when Hitlercinda tried to ban everyone from the Wellington protest and trespassed him from parliament - totally outrageous political hit job that created a martyr that’s now back for vengeance.

I laugh because the system ostracised many people at that time and those shafted people who got suppressed and made outcasts are the ones doing the crime, not bothering working when they could and disengaged from society. And now they have Winnie to give some utu!

What goes around comes around and even though I don’t agree with Winnie’s stance or the drop kicks that want civil disobedience I do find it entertaining in an ironic sort of dark humour way. Rage against the machine sort of stuff…

Anyway, Winnie will huff and puff for a few weeks then disappear for the next 2 years before he reappears huffing and puffing about everything National did wrong

 

[wizard of Tauranga]

I was just trying to troll you, apparently it was a fail

So I was wrong about you being a thinking person

Better delete Dylan and Pink Floyd off your play list

 

[MaybeTop8]

The journalist will do what they tried to do to Trump by highlighting how outraged they are… which just as with Trump, actually feeds his followers and makes him stronger!

They need to ignore him and stop giving him oxygen!

Ironically I feel sorry for old Winnie. The old man probably hasn’t been getting his afternoon naps lately.

Labour created the monster when Hitlercinda tried to ban everyone from the Wellington protest and trespassed him from parliament - totally outrageous political hit job that created a martyr that’s now back for vengeance.

I laugh because the system ostracised many people at that time and those shafted people who got suppressed and made outcasts are the ones doing the crime, not bothering working when they could and disengaged from society. And now they have Winnie to give some utu!

What goes around comes around and even though I don’t agree with Winnie’s stance or the drop kicks that want civil disobedience I do find it entertaining in an ironic sort of dark humour way. Rage against the machine sort of stuff…

Anyway, Winnie will huff and puff for a few weeks then disappear for the next 2 years before he reappears huffing and puffing about everything National did wrong

Try addressing the lies from Trump and Winnie.

 

[wizard of Tauranga]

I was just trying to troll you, apparently it was a fail

This politics thread can get very serious.

People Like us don’t take it too seriously but I really worry for some others on here

 

[MaybeTop8]

The journalist will do what they tried to do to Trump by highlighting how outraged they are… which just as with Trump, actually feeds his followers and makes him stronger!

They need to ignore him and stop giving him oxygen!

Ironically I feel sorry for old Winnie. The old man probably hasn’t been getting his afternoon naps lately.

Labour created the monster when Hitlercinda tried to ban everyone from the Wellington protest and trespassed him from parliament - totally outrageous political hit job that created a martyr that’s now back for vengeance.

I laugh because the system ostracised many people at that time and those shafted people who got suppressed and made outcasts are the ones doing the crime, not bothering working when they could and disengaged from society. And now they have Winnie to give some utu!

What goes around comes around and even though I don’t agree with Winnie’s stance or the drop kicks that want civil disobedience I do find it entertaining in an ironic sort of dark humour way. Rage against the machine sort of stuff…

Anyway, Winnie will huff and puff for a few weeks then disappear for the next 2 years before he reappears huffing and puffing about everything National did wrong

Hitlercinda? There goes any credibility you might have had. It's beneath you.

 

[wizard of Tauranga]

Try addressing the lies from Trump and Winnie.

What did Robertson used to say when doing the opposite after the election he pledged before the election - he was just being to definitive?

It’s a fine line between lies and hyperbole

 

[wizard of Tauranga]

Hitlercinda? There goes any credibility you might have had. It's beneath you.

Sorry - I was channeling a NZ first voter and really got into the swing of things

I’m not a NZ First voter and don’t really think like that - just a bit of hyperbole.

I forgot how uptight this thread is at the moment and should have address her as the Right Honourable Jacinda Ardern!

 

[juju]

Sorry - I was channeling a NZ first voter and really got into the swing of things

I’m not a NZ First voter and don’t really think like that - just a bit of hyperbole.

I forgot how uptight this thread is at the moment and should have address her as the Right Honourable Jacinda Ardern!

Hypebole is a new word wiz learnt this week incase you haven't noticed. Clever boy.

 

[John Nick]

Hypebole is a new word wiz learnt this week incase you haven't noticed. Clever boy.

Can you please explain to me Wiz how a business man like you who's forever banging on about productivity how the fuck can you spend soo much time on this site.

 

[wizard of Tauranga]

Just reading up and Winston’s at it again today.

It’s like a planned strategy, bringing in new elements every day and throwing so many accusations it’s hard to keep up or for the media to refute them all.

Classic Trump (and debating) strategy.

Today it’s the media’s fault for the lockdowns. Can’t see where he’s going with all this but I guess it’s worked for him in the past as the wily old fox has outlasted most journalists

 

[wizard of Tauranga]

Can you please explain to me Wiz how a business man like you who's forever banging on about productivity how the fuck can you spend soo much time on this site.

Mate, when your really successful you find you can buy more free time

You will notice I go in fits and bursts - sometimes I’m working 7 days a week, other times I’ve got plenty of time to be on here!

Ironically I’m about to start work an 4pm today and will be working late tonight.

 

[Inruin]

I was just in the local dairy and having a chat to the owner. Apparently it's still illegal for 14 year olds to buy smokes.