The last few decades have already happened. It's done. And there's no sign of this stopping. My family home has increased in value by at least 50% in the last 6 years. I was only able to get into this house because of intergenerational wealth. I work about as hard as the next guy in my job, and do good things in the community when I can. My wealth, such as it is, is not particularly deserved, and is not the product of especially hard work. My story is standard.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
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- #16,482
Right now people aren’t buying investment property because there is the risk the Greens/ Labour will get in and kill the whole market like they did last time.
It is risk taking atm and we’re all paying for it in higher rent and not enough houses for all the immigrants.
Number of people leaving New Zealand hits 'highest on record'
The number of people heading off to live elsewhere reached its highest on record last year, according to new figures.
This was 4 months ago of people leaving in record numbers. Not sure of recent figures or whether they were the brightest and hardest working?
Which is still a vested interest by installing a tax which won't affect a lot of them.Capital Gains Tax!
I thought everyone was leaving, shouldn't there be plenty of houses after the great exodus? What's the import/export balance
- Thread starter
- #16,486
Catch up!
Our 70,000 of our young, best and brightest are leaving and being replaced by $100,000 taxi drivers with a doctorate degree.
Have a look at the housing market here
Price changes are clearly best explained by the reserve bank anticipating economic catastrophe with covid and slashing interest rates, then freaking out about inflation and hiking interest rates, which we're still in the hangover of. Prior to Covid house prices were doing just about he same as they always do.
Lot of our doctors are leaving for better pay/conditions, we can't replace them fast enough
Yup, easier narrative to say it's the best and brightest and hardest working. Also probably forgetting that we have just come out of years of a pandemic where no one was doing their OEs and now are catching up.Number of people leaving New Zealand hits 'highest on record'
The number of people heading off to live elsewhere reached its highest on record last year, according to new figures.www.1news.co.nz
This was 4 months ago of people leaving in record numbers. Not sure of recent figures or whether they were the brightest and hardest working?
- Thread starter
- #16,490
I’m picking 80% of people leaving for Australia are recent immigrants coming through NZ as a back door into Aussie.
I have no stats to back this up, just anecdotal evidence.
Of course there are still born and bred kiwis going as well but feel they are the minority.
Yep unfortunately.The flight from wealth tax claim is debatable at best.
Wealth tax: the debate continues
www.taxjournal.com
BTW Paedo app? I disagree with you man. Didn't take you for a conspiracy theorist.
They've been bought up by uber landlords seeking to dodge tax - okay, I should add a smiley face
but it's probably true (I'm starting to sound like wiz)
‘Hollowing out’: New Zealand grapples with an uncertain future as record numbers leave
Surge of departures – mostly fleeing a weak economy – fuels concern over the longer-term impact on the country as some small towns scramble for survival
‘It felt like bad news after bad news’: why record numbers are leaving New Zealand
Many young people are lured by hopes of better opportunities in Australia as experts worry a soft economy means departing Kiwis may not come back
Those uber drivers with PhD's must be buying them all, typical
Why New Zealanders are migrating to Australia in record numbers
The government may not be able to reverse the trend, which one Kiwi describes as abandoning “a sinking boat”.
Here’s a reasonable explanation. NZ just can’t compete with what Australia can offer in wages and a way of life that’s a draw for some. Many often return later in life but unfortunately we’ve missed what they contribute to our economy in their working careers
its kind of a joke. but they did have a problem with CSAM but that comes with a massive influx of users who then spotted the weak moderation.The flight from wealth tax claim is debatable at best.
Wealth tax: the debate continues
BTW Paedo app? I disagree with you man. Didn't take you for a conspiracy theorist.
As for "conspiracy theorist" everyone with an IQ over 90 believes in a couple.
Then someone your family worked hard enough or got lucky enough to cover for you. Which makes it entirely deserved.
How does that make it deserved
@Garry Saloon also your wealth tax data is from 2023, mine is from 2 months ago.
I am one who returned from Oz after 23 years and only because my parents were struggling with health issues.
Why New Zealanders are migrating to Australia in record numbers
The government may not be able to reverse the trend, which one Kiwi describes as abandoning “a sinking boat”.www.smh.com.au
Here’s a reasonable explanation. NZ just can’t compete with what Australia can offer in wages and a way of life that’s a draw for some. Many often return later in life but unfortunately we’ve missed what they contribute to our economy in their working careers
I was in business over there and started again with a business on my return.
Been a good earner for me until the last 6 months and now I am finding most of my clients are struggling.
E.G. Down approximately 45% since Christmas.
Don't know were these green shoots are that government keeps banging on about
If you and i go to dinner and I pay for your meal, do you deserve to eat it?
What if I pay for you and your wife to go and eat next week?
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