Real estate, post COVID-19 level 4 (since 2020)

Forums › Home Workshop DIY › Real estate, post COVID-19 level 4 (since 2020)

1 | ... | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | ... | 174

Mad Scientist
30014 posts

Uber Geek
+1 received by user: 6217

Trusted

Lifetime subscriber

#2746723 19-Jul-2021 15:32

house tax suggested

because i don't own them .... maybe the tax should not be linear but exponential lol. if i owned a lot i would want to have no tax on houses lol.

but seriously ... i think you should tax google and apple while you're at it. oh and throw in facebook

expect this to be election material

https://www.stuff.co.nz/business/125796416/tax-on-all-housing-needed-to-fix-distortion-of-social-fabric

wellygary

8816 posts

Uber Geek
+1 received by user: 5299

#2746726 19-Jul-2021 15:41

Batman:

house tax suggested

because i don't own them .... maybe the tax should not be linear but exponential lol. if i owned a lot i would want to have no tax on houses lol.

but seriously ... i think you should tax google and apple while you're at it. oh and throw in facebook

expect this to be election material

https://www.stuff.co.nz/business/125796416/tax-on-all-housing-needed-to-fix-distortion-of-social-fabric

But to what end... what is the policy issue they are attempting to address.??

Is it that people should not own rental properties,?? or that property prices are too high?? or that there are not enough houses???

It talks about raising ~$1 billion a year , which in regard to government tax income is not really that much,,, + you end up opening the possibility of forcing those retired out of house ownership because they are asset rich but income poor....

GV27

5978 posts

Uber Geek
+1 received by user: 4212

#2746732 19-Jul-2021 16:05

I think you'd really to open up the social contract between governments and the citizenry before you go taxing deemed returns on owner-occupied housing.

Government is very good at raising tax but delivering things like infrastructure to match population growth? Absymal failures.

Before we come up with overly complex taxes that would result in a massive increase in compliance costs, maybe we should be figuring out whether giving governments a revenue stream that can only increase if house values go up forever is a smart idea or not.

Given the track record of the civil service in the last 20 years, I would suggest it is not.

Batman

Mad Scientist
30014 posts

Uber Geek
+1 received by user: 6217

Trusted

Lifetime subscriber

#2746766 19-Jul-2021 17:32

Remember we're a democracy. You vote who you want to do what they want.

If they say something and you vote and they do it, that's how it should work.

If they say something, you vote them and they do something else, that's politics.

So I expect all these to be election issues, and then people vote then they complain etc etc

GV27

5978 posts

Uber Geek
+1 received by user: 4212

#2746781 19-Jul-2021 18:05

Batman:

If they say something, you vote them and they do something else, that's politics.

So I expect all these to be election issues, and then people vote then they complain etc etc

Pretty sure lots of young people voted for housing, tax and generational wealth reform a few years ago.

How's that working out for us?

Both parties are now divorced from any obligations towards the electorate. The French had a way of dealing with such things, and that got a decent national anthem out of it too.

mattwnz

20520 posts

Uber Geek
+1 received by user: 4798

#2746783 19-Jul-2021 18:20

Batman: Remember we're a democracy. You vote who you want to do what they want.

If they say something and you vote and they do it, that's how it should work.

If they say something, you vote them and they do something else, that's politics.

So I expect all these to be election issues, and then people vote then they complain etc etc

The housing crisis was never a major election issue, even though it should have been. Isntead it was more a covid election, and also the promise of no new taxes. In NZ politics is more about personality. But the lack of taxes around property are likely one of the reasons the housing crisis in NZ is worse than most other countries.

Geekzone

Want to support Geekzone and browse the site without the ads? Subscribe to Geekzone now (monthly, annual and lifetime options).

mattwnz

20520 posts

Uber Geek
+1 received by user: 4798

#2746787 19-Jul-2021 18:36

wellygary:

Batman:

house tax suggested

because i don't own them .... maybe the tax should not be linear but exponential lol. if i owned a lot i would want to have no tax on houses lol.

but seriously ... i think you should tax google and apple while you're at it. oh and throw in facebook

expect this to be election material

https://www.stuff.co.nz/business/125796416/tax-on-all-housing-needed-to-fix-distortion-of-social-fabric

But to what end... what is the policy issue they are attempting to address.??

Is it that people should not own rental properties,?? or that property prices are too high?? or that there are not enough houses???

It talks about raising ~$1 billion a year , which in regard to government tax income is not really that much,,, + you end up opening the possibility of forcing those retired out of house ownership because they are asset rich but income poor....

There will never be enough houses in NZ if we import 80,000 people a year into the population, as we are not building enough for the population growth. This is a major contributor to the crisis. So it creates artificial high demand.

Does NZ want to become a country where the % of house owners drops, and we become a land of renters? Then we have a higher level of 'Lords' owning the land, collecting passive income (Land-Lords)?

tdgeek

30048 posts

Uber Geek
+1 received by user: 9455

Trusted

Lifetime subscriber

#2746798 19-Jul-2021 19:07

mattwnz:

There will never be enough houses in NZ if we import 80,000 people a year into the population, as we are not building enough for the population growth. This is a major contributor to the crisis. SO it creates artifical high demand.

100%

The question I have who is "we" that I highlighted.

mudguard

2328 posts

Uber Geek
+1 received by user: 1250

#2746800 19-Jul-2021 19:14

I love winding up my grandmother saying once you claim super, you should give up your voting rights.

I've pondered the housing thing like we all have and wonder why simply don't charge commercial interest rates for non owner occupied housing? Treat every non owner occupied house as a business entity.

Or failing that, perhaps alter the law to allow only one loan per security, IE, not being able to use the existing equity as a deposit for a subsequent purchase. I suspect these are a little extreme, but as for voter reform, I think we are possibly a generation early. Maybe in twenty five years, the renters will say, hey, that party is proposing this measure, that looks great, and the voting base may not be mainly homeowners.

tdgeek

30048 posts

Uber Geek
+1 received by user: 9455

Trusted

Lifetime subscriber

#2746801 19-Jul-2021 19:19

mudguard:

I love winding up my grandmother saying once you claim super, you should give up your voting rights.

I've pondered the housing thing like we all have and wonder why simply don't charge commercial interest rates for non owner occupied housing? Treat every non owner occupied house as a business entity.

Or failing that, perhaps alter the law to allow only one loan per security, IE, not being able to use the existing equity as a deposit for a subsequent purchase. I suspect these are a little extreme, but as for voter reform, I think we are possibly a generation early. Maybe in twenty five years, the renters will say, hey, that party is proposing this measure, that looks great, and the voting base may not be mainly homeowners.

Yep, they are options. Mine is feebate the interest. I buy, I pay market rate +2%, you build you pay market rate -2%

As I inferred to Matt above, who is "we" as regards we need to build more houses. The we is the people, no one else decides if we build or buy, we do. We prefer to buy, it's easier. We need to be herded into the build paddock.

mattwnz

20520 posts

Uber Geek
+1 received by user: 4798

#2746802 19-Jul-2021 19:22

tdgeek:

mattwnz:

There will never be enough houses in NZ if we import 80,000 people a year into the population, as we are not building enough for the population growth. This is a major contributor to the crisis. SO it creates artifical high demand.

100%

The question I have who is "we" that I highlighted.

The country. The problem is that the country doesn't seem to have any plan on what population we want. Also where are all the new schools and hospitals etc? IMO we face similar housing problems as the UK, and crime and ghetto environments. I had heard it has already occurred in places in Auckland with some newer higher density developments, with communal areas regally vandalised etc.

Quic Broadband

Move to New Zealand's best fibre broadband service (affiliate link). Free setup code: R587125ERQ6VE. Note that to use Quic Broadband you must be comfortable with configuring your own router.

tdgeek

30048 posts

Uber Geek
+1 received by user: 9455

Trusted

Lifetime subscriber

#2746803 19-Jul-2021 19:36

mattwnz:

The country. The problem is that the country doesn't seem to have any plan on what population we want. Also where are all the new schools and hospitals etc? IMO we face similar housing problems as the UK, and crime and ghetto environments. I had heard it has already occurred in places in Auckland with some newer higher density developments, with communal areas regally vandalised etc.

The country? Ok, you mean the Government. The thread isn't about schools and hospitals, its about houses. The Govt doesnt build houses, unless you go back to post WW2. The current Govt was supposed to build 100,000 houses, but it never did. Im not even sure they built 1 house, that was mainly rebranded builds.

Private people build houses, thats the issue that needs solving. Either private citizens build houses or the Government nationalises building.Or we caress people into building by herding their brain to a "building is a no brainer" Ive put forward what I suggest. I feel thats the problem

mudguard

2328 posts

Uber Geek
+1 received by user: 1250

#2746804 19-Jul-2021 19:41

I've discussed before that the civil servants may be the ones who apply pressure indirectly. Those jobs on pretty fixed max incomes like teaching, fire, police etc.

Teachers seem to pair up, who would move to Auckland on top of the scale combined incomes of $140,000? That's where the crux may come from, build a new school. But you can't staff it.

I've often thought an idea for that would be for schools to build apartments or dwellings on site as part of the deal (I grew up in various boarding schools, without being a boarder!).

mattwnz

20520 posts

Uber Geek
+1 received by user: 4798

#2746825 19-Jul-2021 20:43

Maybe the government could do what they have just done with EV cars. Charge a levy on any house purchased by any investor. Then give a rebate back to people that build new. GST removal on new builds would also help , and also helps to get rid of old houses. The government was able to bring this sort of policy in for EVs and it wasn’t considered a new tax. But unfortunately too many people making decisions have vested interests in owning one or more houses

Batman

Mad Scientist
30014 posts

Uber Geek
+1 received by user: 6217

Trusted

Lifetime subscriber

#2746833 19-Jul-2021 21:00

mattwnz:

Batman: Remember we're a democracy. You vote who you want to do what they want.

If they say something and you vote and they do it, that's how it should work.

If they say something, you vote them and they do something else, that's politics.

So I expect all these to be election issues, and then people vote then they complain etc etc

The housing crisis was never a major election issue, even though it should have been. Isntead it was more a covid election, and also the promise of no new taxes. In NZ politics is more about personality. But the lack of taxes around property are likely one of the reasons the housing crisis in NZ is worse than most other countries.

maybe maybe not, but taxation always is

1 | ... | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | ... | 174