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@reprobate said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
I get emails from both of the major NZ political parties - I try to keep a balanced view - as well as knowing what they are both up to.
I have been going on about this for a while (and it is from the National party). Some disagree on here but this is what they said:
*"Officials told Labour that renters would suffer. Officials cast serious doubt over the effectiveness of the Government’s housing package in the months before its announcement. The advice showed the package wouldn’t make a difference to the supply of housing, instead they would likely increase rents.First home buyers are predominantly renters, any measures that drive up rents only serve to make it harder for first home buyers to put together a deposit, further locking them out of the market."*
Maybe they read my posts. I also have no idea who "officials" might be? It is pretty obvious that shafting renters, is also shafting some first home buyers, and making property investment more difficult doesn't help with rental supply.
Changing taxation and interest write-offs is not meant to target supply, it's meant to target demand. The supply side is building. So, that's not really any sort of insight, it's just the usual opposition whinge.
What are the numbers on rent increases following the announcements? It certainly wouldn't surprise me, particularly anyone who has bought recently needs a massive rent to deal with the big capital outlay - but show us some figures - and then answer whether it is a greater increase than the highest ever monthly increase in rents, which occurred before the announcements?
Politicians are so disappointing. Labour wants to centralise the polytechs, centralise health admin, cut out a heap of bureaucracy - implementation may prove to be shit, but it's almost inarguably a sound idea. But National rail against the principle of it, despite it being both sensible and what they are meant to stand for - small government and efficiency etc - but of course Labour said it, so we must oppose it. Listening to either party is a waste of bloody time.They may want to centralise, but I severely doubt that Labour will be cutting the bureaucracy anytime soon. I do agree there are lots of theoretical upsides to doing so, but it will all fail in the execution.
As far as capital gains taxes are concerned, as a home owner and small time investor, I have no major problem with such a tax. People who buy more and more houses are not producing anything of value to the economy, they don't manufacture, they don't provide services per se. And they serve to drive up property prices out of the reach of people who aren't yet in the market, making the supply discrepancy even worse. It might not be a popular view, but it's mine
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@reprobate
I have not read the entire thread but this problem is something close to my heart, having being priced out of living in Auckland.Aside from building more houses, theoretically, what are the things can be done now to redress this problem. Or is it too late?
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@mariner4life said in Housing hornets' nest:
@kirwan said in Housing hornets' nest:
@snowy tax...tax....taxinda!
i fucking hate tax as a deterrent
i hate it because all it does is governments more to spend on dumb shit
i hate it because governments are addicted to taxation, so even if it's not working, it'll never get rolled back
i hate it because it always always targets the less fortunate, because rich guys have better accountants (who often work for the same firms that wrote the tax code)
I hate it because governments would rather tax easy shit like this, or booze, or gambling, rather than actually making everyone pay their fair share.Yeah, I hate the way cigarettes are taxed. Like, I get the rationale for it, but I would question the efficacy in deterring smoking as opposed to the public health campaigns warning of the associated health dangers. The taxation of cigarettes just does more to make poor people spend more of what little they have of one of the few things that might give them a small amount of pleasure in their lives (not saying only poor people smoke, but that the exorbitant taxation affects them disproportionately).
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@junior said in Housing hornets' nest:
@mariner4life said in Housing hornets' nest:
@kirwan said in Housing hornets' nest:
@snowy tax...tax....taxinda!
i fucking hate tax as a deterrent
i hate it because all it does is governments more to spend on dumb shit
i hate it because governments are addicted to taxation, so even if it's not working, it'll never get rolled back
i hate it because it always always targets the less fortunate, because rich guys have better accountants (who often work for the same firms that wrote the tax code)
I hate it because governments would rather tax easy shit like this, or booze, or gambling, rather than actually making everyone pay their fair share.Yeah, I hate the way cigarettes are taxed. Like, I get the rationale for it, but I would question the efficacy in deterring smoking as opposed to the public health campaigns warning of the associated health dangers. The taxation of cigarettes just does more to make poor people spend more of what little they have of one of the few things that might give them a small amount of pleasure in their lives (not saying only poor people smoke, but that the exorbitant taxation affects them disproportionately).
I'd like to know how much of that tax money is actually used in smoking cessation initiatives....
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@canefan said in Housing hornets' nest:
As far as capital gains taxes are concerned, as a home owner and small time investor, I have no major problem with such a tax. People who buy more and more houses are not producing anything of value to the economy, they don't manufacture, they don't provide services per se. And they serve to drive up property prices out of the reach of people who aren't yet in the market, making the supply discrepancy even worse.
People who buy more and more houses are classified as traders and are already taxed. It's all there earlier in the thread, with quotes from the IRD website. The same applies to people who do too many (in IRD eyes) share transactions. It is the same as any investment.
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@reprobate said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
I get emails from both of the major NZ political parties - I try to keep a balanced view - as well as knowing what they are both up to.
I have been going on about this for a while (and it is from the National party). Some disagree on here but this is what they said:
*"Officials told Labour that renters would suffer. Officials cast serious doubt over the effectiveness of the Government’s housing package in the months before its announcement. The advice showed the package wouldn’t make a difference to the supply of housing, instead they would likely increase rents.First home buyers are predominantly renters, any measures that drive up rents only serve to make it harder for first home buyers to put together a deposit, further locking them out of the market."*
Maybe they read my posts. I also have no idea who "officials" might be? It is pretty obvious that shafting renters, is also shafting some first home buyers, and making property investment more difficult doesn't help with rental supply.
Changing taxation and interest write-offs is not meant to target supply, it's meant to target demand. The supply side is building. So, that's not really any sort of insight, it's just the usual opposition whinge.
What are the numbers on rent increases following the announcements? It certainly wouldn't surprise me, particularly anyone who has bought recently needs a massive rent to deal with the big capital outlay - but show us some figures - and then answer whether it is a greater increase than the highest ever monthly increase in rents, which occurred before the announcements?
Politicians are so disappointing. Labour wants to centralise the polytechs, centralise health admin, cut out a heap of bureaucracy - implementation may prove to be shit, but it's almost inarguably a sound idea. But National rail against the principle of it, despite it being both sensible and what they are meant to stand for - small government and efficiency etc - but of course Labour said it, so we must oppose it. Listening to either party is a waste of bloody time.Agree with the political whinge bit and obviously not fixing supply. I listen to it because I have to vote for one of them and prefer to know what I am voting for. So not a waste of time in my view. A lot (not you) don't seem to, they just vote for a party because they, or their family always have voted one way. It actually makes it quite difficult being informed because some policies from both sides I will agree with and others not.
https://www.interest.co.nz/charts/real-estate/median-rents-nz
Data is from Dept building and housing. Quite a spike there. Median, not average of course. Only goes back 4 years and having a bigger data set would be good, but does show that it is out of the norm for increases.
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@junior Ministry of Health say tax rises are the most effective way of getting people to kick the habit. Apparently every time the excise increases about 25K Kiwi's give up.
I understand why people would be against it on principle though. I have a fair number of staff that smoke and all of them are those least able to afford it.
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@dogmeat said in Housing hornets' nest:
@junior Ministry of Health say tax rises are the most effective way of getting people to kick the habit. Apparently every time the excise increases about 25K Kiwi's give up.
I understand why people would be against it on principle though. I have a fair number of staff that smoke and all of them are those least able to afford it.
my wife used to smoke, but gave up a few years back. i thought it was expensive then. when my mate who has just quite told me how much he was paying i nearly coughed up a lung.
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@mariner4life I annualise it for the people here who smoke ($15K /yr for a pack a day habit) and they go holy fuck I could buy a house. Then they just swap to a cheaper brand.
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@dogmeat said in Housing hornets' nest:
they go holy fuck I could buy a house
So housing supply isn't the problem, it's people giving up smoking creating too much demand. We need to reduce tax on cigs. Encourage smoking. Shorter life expectancy, smaller population, less demand for housing. Who would have thought that the solution was right there?
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@snowy said in Housing hornets' nest:
@dogmeat said in Housing hornets' nest:
they go holy fuck I could buy a house
So housing supply isn't the problem, it's people giving up smoking creating too much demand. We need to reduce tax on cigs. Encourage smoking. Shorter life expectancy, smaller population, less demand for housing. Who would have thought that the solution was right there?
it's a different thread (possibly the sustainable one) but i wonder how much thought is given to the problems we will face from extended life expectancy? Is the retirement age still viable if every person now loves another 25 years? Who pays the bill for those people when their super turns out to not be enough? How long will our kids live? What is the plan for the next generation?
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@mariner4life said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
@dogmeat said in Housing hornets' nest:
they go holy fuck I could buy a house
So housing supply isn't the problem, it's people giving up smoking creating too much demand. We need to reduce tax on cigs. Encourage smoking. Shorter life expectancy, smaller population, less demand for housing. Who would have thought that the solution was right there?
it's a different thread (possibly the sustainable one) but i wonder how much thought is given to the problems we will face from extended life expectancy? Is the retirement age still viable if every person now loves another 25 years? Who pays the bill for those people when their super turns out to not be enough? How long will our kids live? What is the plan for the next generation?
I went to a Singularity summit a few years ago. The bloke who ran their bio-genetics piece was doing a lot of work with Google and other tech companies on life expectancy. He reckoned if you make it to 2050 aged c. 70yrs old and in good nick, there is a decent chance you'll live forever...
😨😨😨
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@voodoo said in Housing hornets' nest:
@mariner4life said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
@dogmeat said in Housing hornets' nest:
they go holy fuck I could buy a house
So housing supply isn't the problem, it's people giving up smoking creating too much demand. We need to reduce tax on cigs. Encourage smoking. Shorter life expectancy, smaller population, less demand for housing. Who would have thought that the solution was right there?
it's a different thread (possibly the sustainable one) but i wonder how much thought is given to the problems we will face from extended life expectancy? Is the retirement age still viable if every person now loves another 25 years? Who pays the bill for those people when their super turns out to not be enough? How long will our kids live? What is the plan for the next generation?
I went to a Singularity summit a few years ago. The bloke who ran their bio-genetics piece was doing a lot of work with Google and other tech companies on life expectancy. He reckoned if you make it to 2050 aged c. 70yrs old and in good nick, there is a decent chance you'll live forever...
😨😨😨
I better bump up my super.
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@antipodean said in Housing hornets' nest:
@voodoo said in Housing hornets' nest:
@mariner4life said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
@dogmeat said in Housing hornets' nest:
they go holy fuck I could buy a house
So housing supply isn't the problem, it's people giving up smoking creating too much demand. We need to reduce tax on cigs. Encourage smoking. Shorter life expectancy, smaller population, less demand for housing. Who would have thought that the solution was right there?
it's a different thread (possibly the sustainable one) but i wonder how much thought is given to the problems we will face from extended life expectancy? Is the retirement age still viable if every person now loves another 25 years? Who pays the bill for those people when their super turns out to not be enough? How long will our kids live? What is the plan for the next generation?
I went to a Singularity summit a few years ago. The bloke who ran their bio-genetics piece was doing a lot of work with Google and other tech companies on life expectancy. He reckoned if you make it to 2050 aged c. 70yrs old and in good nick, there is a decent chance you'll live forever...
😨😨😨
I better bump up my super.
my kids better build a big house...
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@voodoo said in Housing hornets' nest:
@mariner4life said in Housing hornets' nest:
@snowy said in Housing hornets' nest:
@dogmeat said in Housing hornets' nest:
they go holy fuck I could buy a house
So housing supply isn't the problem, it's people giving up smoking creating too much demand. We need to reduce tax on cigs. Encourage smoking. Shorter life expectancy, smaller population, less demand for housing. Who would have thought that the solution was right there?
it's a different thread (possibly the sustainable one) but i wonder how much thought is given to the problems we will face from extended life expectancy? Is the retirement age still viable if every person now loves another 25 years? Who pays the bill for those people when their super turns out to not be enough? How long will our kids live? What is the plan for the next generation?
I went to a Singularity summit a few years ago. The bloke who ran their bio-genetics piece was doing a lot of work with Google and other tech companies on life expectancy. He reckoned if you make it to 2050 aged c. 70yrs old and in good nick, there is a decent chance you'll live forever...
😨😨😨
I'm not sure that I would want to, but imagine the whingeing about old fucks owning investment housing then!
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@paekakboyz said in Housing hornets' nest:
@snowy lol too much rubbing and they'll catch fire!!
Unfortunate name for university group but in hindsight (appropriate, a lot of looking at asses went on) for most people that went there, it was to get a shag, not an education.
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@mariner4life said in Housing hornets' nest:
Is the retirement age still viable if every person now loves another 25 years? Who pays the bill for those people
I'm genuinely grateful to you all ....
Housing hornets' nest