Well said
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
All relative to your mortgage repayments in regards to your savings. Bit late for me unfortunately in a marriage separation and ex wife ready to move on with me unable to buy her out. Banks certainly adjusted their lending risks over the past 5+ years. Not sure if this interest rate drop would have altered things but certainly disappointed as I’ll never own a place like this again with what has been put in. In regards to rentals, there’s also plenty sitting empty because of the high rent asked and some resorting to living in their cars or going back home to live with parents or friends
Just as annoying is the number of renters who had now had to vacate properties because their landlords are flogging them off as they could be bothered upgrading the properties to the Healthy Homes Standards. As a landlord, you've got certain obligations and cutting and running because you were too lazy to do right by your tenants.
There was the article a few weeks ago I posted about a Masonic Trust in Napier doing this and now evidence that a lot of others are too.
NZWarriors.com
There are some shocking renters, but there are some amazing ones too who treat the house as their own with care and respect
- Thread starter
- #16,905
The biggest risk is Labour and the Greens get in and make it uneconomic again.
That’s the real risk and why people are getting out and not buying rentals. Unintended consequences.
Why invest in something that a govt can literally make unviable because that feel like it? All investment requires a level of certainty to base decisions off that Labour has destroyed.
Don’t blame the landlords for reacting to the market conditions our leaders have set…
Getting what they paid for
So, having stolen $13 billion from New Zealand women by shitcanning pay equity negotiations, the National government is again attacking wom...
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NZWarriors.com
That’s such a weird graph. Look at the groups at the bottom.
The first group - a range of $100k
The second group- a range of $50k
The third - a range of $100k
The fourth - a range of $750k
The last - unlimited range
You can tinker with the groups to form any sort of conclusion you want the reader to draw
Property market is artificially inflated by all the renters recieving hundreds p/week in Accommodation Supplement, and indirectly through Working for Families topping up wages. Property investors and banks being the major beneficiaries. Do I have that right?
- Thread starter
- #16,912
1 - is capital gains earned?
2 - does that graph deducting the economies inflation from the gain as it’s capital inflation as much as gains?
3 - does it deduct lending on the capital?
4 - NZ has had capital losses on property and shares the last few years, so this is not accurate in a NZ context?
5 - most of the rich earn from drawings/ dividends which is not included in there?
6 - some capital gains in NZ has tax paid on it - eg brightline, intention rules, etc. This doesn’t seem to be clarified in this misinformation piece?
NZWarriors.com
The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich | Greg Jericho
The proposal will affect only 0.5% of people with superannuation and yet you would think the government is about to seize the means of production
View: https://bsky.app/profile/australiainstitute.org.au/post/3lqbgnogjgc2c
The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich | Greg Jericho
The proposal will affect only 0.5% of people with superannuation and yet you would think the government is about to seize the means of production
Yup, i think I read somewhere that 65% of New Zealanders are receiving a benefit of some sort. This may be super or working for families or unemployment or accommodation supplement but it's a sad indictment on where we are as a country
NZWarriors.com
Smells like communism Rick, should we cut the accom supplement and crash the property market?
And going back to Plato, Socrates et al. If you don't have a rich, how can you have a poor?
If you don't have death, life would lose it's meaning.
NZWarriors.com
Absolutely. lol. Nah, I don't subscribe to the " everyman for himself" doctrine. I have friends who wouldn't be able to rent a decent small flat without that subsidy. Not necessarily their fault, just circumstances in many cases.
To correlate that, the only real answer to the housing problem is for the state to build mega accommodation blocks a la Soviet era, house everyone and repress the individual spirit.
Tough Gig
Death is a portion of circumference on the wheel of life
Jesus wept, some heavy shit going down now on the Thirsty Thursday
