If subsidies were not being paid then many tenants would not be able to afford the rent being asked. However, in that case, landlords may have difficulty finding tenants with sufficient incomes, and rents may fall.
If he has to increase the rent to pay the mortgage then, on the face of it, it looks like an unsound investment; unless the rent was well below the going rate originally. The tenant should not be expected to pay the landlord's mortgage. We badly need rent ...
I assume NZ does not have a built in supply of bauxite.
Selling a leasehold property would not be difficult if leasehold was the norm.
We certainly need to take a sword to the "gordian knot". The new regulations are a start, but we also need to get rid of accommodation supplements, and make interest non deductible for tax purposes. The latter measure would hit landlords who have borrowed ...
The land doesn't belong to the queen. The queen has sovereignty but that doesn't equate with ownership of the land. Ultimately I think the land should be regarded as belonging to the people jointly, and anyone claiming private ownership should pay for that...
I also have considered the option of nationalization of all land, but it would be expensive since they would need to compensate all landowners. The government however could effect the takeover gradually - they could stipulate, for example, that land could ...
Or the government could take the "easy path" and provide full compensation. They would probabably save the taxpayer the cost of a lot of litigation.
I also agree with the Catalonian plan, but a mere 50% compensation seems a bit too vindictive to be plausible. Usually, when property is commandeered for state purposes, a more just compensation is paid - however "just" is defined.
What Jacinda calls a 'mob', Hilary called 'deplorables'.
I see that Mike Hosking is continuing to promote a crypto currency trading site. He claims, probably truthfully, that he is making large profits from his investments. One wonders what the source of these profits is. Or are these crypto currency investments...
I still have somewhere an old 2G Nokia. I am told Vodafone are the only provider still supporting 2G. Is this true, or are there others?
It's the weather that is revolting, while the regular revolutionaries take a break.
I have been reading, in the paper, about Mike Hosking's gains from crypto currency trading, and wondered what the source of the gain was. Income comes from providing a product or service, and even capital gain comes from some enhancement in the location of...
Even if we "got rid of speculators" property values would still rise because of low interest rates coupled with a shortage of houses.
As I said, there exists a demand for for rental accommodation. Not everybody who rents is doing so simply because they cannot get into an own-your- own property, so renting out properties is a legitimate business. However, it is certainly true that many ...
Speculators hold properties hoping to sell them at a profit at some future date. Investors purchase for the rental income that those properties can earn. There is always a demand for rental accommodation. Not everybody wishes to own. You seem to be ...
The way to get rid of them is to stop prices rising in the first place.
Speculators would not be doing their speculating if prices were not already rising, or if they did not think prices were about to rise. Speculation is a symptom of price rises rather than a cause.
Mortgage costs are not true costs since they are matched by the value of the freehold property that the landlord will own once the mortgage is paid off. This applies just as much to the interest component of the mortgage as to the principal. When the ...
We should stop the private banking sector creating money. Then, if they wanted to lend money they would have borrow on fixed term from the private sector. We should also prevent fractional reserve lending.
The problem of high CEO remuneration is not just restricted to local bodies. It is endemic throughout the economy.
The problem of the high salaries of CEO's is not restricted to local councils. It is endemic throughout the economy.
Link benefits and minimum wage to house price inflation A 20% wage-price spiral. Wow.
High capital values are there to help people? Well, well, we learn something new every day.
How very broadminded of you.
Depreciation is one example. Capital is not depreciated. Physical assets depreciate and such depreciation is a legitimate expense tax deductible against income. Capital may well be invested in physical assets, but capital does not in itself depreciate, ...
By your definition capital gain cannot possibly be income.. You can't spend capital gain because it is embedded in the property, and, presumably remains in the property after it changes hands. All you have have received from the transaction is cash. Cash ...
One idea pertinent to this situation has been advanced by one Clint Smith: thespinoff.co.nz/society/30-11-2020/one-simple-idea-to-fix-new-zealands-dysfunctional-housing-market/ He suggests that tax deductions in respect of mortgage interest be limited to $...
The Greek word for "no" should be "ohi" when transcribed into English. The Greek "X" is actually a sort of gutteral "h".
That is the sort of half baked idea, that only a theoretical economist can love. I suspect that an economist, theoretical or otherwise, would have greater insight into this sort of issue than you. I don't think you can deny that something that saves you ...
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