Interest deductibility was still available on new builds, it was a worthy policy to encourage increase in housing stock rather than investors trading in existing housing stock, inflating prices.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
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- #5,342
Did it work…
Housing developers are currently going bankrupt left right and centre and new build sales have collapsed.
I do support increasing new builds but Labour just didn’t have a clue how to achieve it.
Biggest increase in house building since the 60s, if i remember correctly. So yes it did work. The RBNZ has been doing all it can to fuck the construction sector and the whole economy for the past 13-14 months.Did it work…
Housing developers are currently going bankrupt left right and centre and new build sales have collapsed.
NZWarriors.com
You don't know it's baseless.
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- #5,345
2 years ago BEFORE the interest deductibility came in there was a surge in new builds. It’s not fully implemented yet and the housing market has already stalled because rentals are uneconomic.
In tinkering to fix it, they killed the market.
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- #5,346
I’ve said that.
As I said I hope there’s some truth to it and if Hipkins is smart he’s dribbling out his info trying to trip Luxon up and make him look incompetent when he goes for the king hit.
But if it’s just mud rucking…
NZWarriors.com
Brownlee doesn’t fill with confidence either that he actually knows the system.
New Interest deductibility rules were announced in 2021.
I don't agree that the new(ish) tax rules were a good long term plan - but I think they were right for that moment in time. They should have been set for a review in ~5years.
Just so happens that they were kicked out in 3.
No that's soaring you df.
Certainly ain't soaring.
NZWarriors.com
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- #5,350
Honestly it was an ill thought out reaction to not getting the capital gains tax thorough. A capital gains tax would have been better. I understand the logic of trying to get a cut of housing profits but this doesn’t allow relief for housing loses like a capital gains tax would.
There’s a saying all businesses thrive when times are good but the bad ones are exposed when times are tough.
You can load taxes on when times are good but this has failed and crippled the market when the economy slowed down. You simply cant bring in taxes that make a business uneconomic and unviable.
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- #5,351
Soaring in the polls if you hadn’t noticed
Were you polled or anyone else you know.Soaring in the polls if you hadn’t noticed
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Where there's smoke....
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- #5,354
But will anyone get burnt?
I'm sure plenty will pile on.
It's only the allegations against green MPs where you have to STFU apparently
NZWarriors.com
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- #5,356
Glad the new government is pushing back against this entitled view from the māori elite.
‘The claimants argued by failing to engage with Māori on an issue that would lead to the loss of Māori lives, the government was failing to meet its obligations under Te Tiriti o Waitangi.’
No, it was decided by a democratic election and it impacts all NZers, not just māori.
www.newshub.co.nz
‘The claimants argued by failing to engage with Māori on an issue that would lead to the loss of Māori lives, the government was failing to meet its obligations under Te Tiriti o Waitangi.’
No, it was decided by a democratic election and it impacts all NZers, not just māori.
Stuff
www.newshub.co.nz
Have all of you guys having a shot at Chris Luxon thought of his mental health? You really need to be a lot kinder to our democratically elected leader. He has feelings too
Be kind please
Be kind please
Are you seeing signs of another Todd muller?
NZWarriors.com
Mate, that only goes to the left, even more so if you are female. the right is a free for all regardless.
Greatest load of crap ever.
Short term memory loss .?
