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Type: Posts; User: drelly

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    To make an accurate comparison, then the home...

    To make an accurate comparison, then the home buyer would have no debt either. The landlord can still claim repairs and maintenance, rates ad insurance. So there is still some tax advantage, although...
  2. Ah it was 4x excluding Auckland. That makes more...

    Ah it was 4x excluding Auckland. That makes more sense I guess but still hard to believe that the average price outside Auckland is only around 200k
  3. I know, I am just as perplexed. If you check the...

    I know, I am just as perplexed. If you check the cities that hold a total of about 75% of the population, I think the average price would be at least $300k - didn't have time to check the exact...
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    NickG - good effort with the numbers! Although I...

    NickG - good effort with the numbers! Although I think they are all correct, I don't think that some of the factors are reasonable to include.

    For instance... I do my own management, so I save on...
  5. Yep, the National average is pretty meaningless...

    Yep, the National average is pretty meaningless given that at least 75% of the population would live in locations where the average house price would be at least 6x average salary.
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    You had points... they just weren't about this...

    You had points... they just weren't about this topic. Is that your irrefutable proof?
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    Ok, two things... 1. Your first point about...

    Ok, two things...

    1. Your first point about "breeding" is irrelevant.
    2. Your second point doesn't address what I said either.

    Try again?
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    I can claim interest on a mortgage for a rental...

    I can claim interest on a mortgage for a rental and a home owner can't. Explain how that isn't a tax advantage?
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    Given that something like 25%+ of properties are...

    Given that something like 25%+ of properties are being sold to property investors, do you think that is because no home buyers were interested in those properties?

    Targeting me instead of the...
  10. They must be using some very small towns to get...

    They must be using some very small towns to get that figure. Even in Whangarei, the average house price is now over $400k. That's up from around $300k a few years ago and makes it around 8x the...
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    Yes, it's called an Ad Hominem attack...

    Yes, it's called an Ad Hominem attack. It's a logical fallacy. You're not talking about the issue, you're attacking me. I don't particularly mind, I'm neither angry nor aggrieved, but it doesn't...
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    If you can't understand it, then attack the...

    If you can't understand it, then attack the person, right? I'm not taking any moral high ground on this issue. It's through over 15 years of property investment that I've come to see the problem....
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    That's not relevant. Who are you to say what...

    That's not relevant. Who are you to say what other people need?

    Um... no.

    CF+ still have some advantage over a home buyer but not so much.

    This really isn't about whether or not PI is a...
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    You need to read back over this thread. I've...

    You need to read back over this thread. I've already responded to this sort of question. It's a case of what is good for society. There is not a need/desire for the man on the street to own their own...
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    I didn't say anything about tax liabilities. I...

    I didn't say anything about tax liabilities. I said that the tax deductibility that investors have is an advantage over home owners. Also, I am not saying that property investors have a tax advantage...
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    The difference is that if you're running an...

    The difference is that if you're running an office from home, you're not competing with anyone for limited office space and pushing prices up. Whereas a property investor is competing with home...
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    I don't think there's a need to blame anyone. The...

    I don't think there's a need to blame anyone. The nominal cost of a house doesn't really prove anything. Like, I said, there will always be a need for rentals. However, there are three things that...
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    You're right that there is a trend toward renting...

    You're right that there is a trend toward renting but I don't think we can say for sure that it's a choice and not a byproduct of other factors in NZ. There was a study done on home ownership and how...
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    You're going off on an irrelevant tangent. If we...

    You're going off on an irrelevant tangent. If we agree that in general, we would like people to own their own homes, then property investment does need to be regulated to some degree so that first...
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    In practice, no other industry. Just home...

    In practice, no other industry. Just home ownership.
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    The number of Aucklander investors buying in...

    The number of Aucklander investors buying in Whangarei say otherwise. The average growth is not important to someone who has to try and compete with investors now.

    Benefits subsidise rent but that...
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    I am not saying they are the same. I was really...

    I am not saying they are the same. I was really just pointing out that any claims that there are no tax advantages over first home buyers is completely false. I do think that we need to look at...
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    The topic is the financial advantage that tax...

    The topic is the financial advantage that tax claims give investors over home buyers. I'm not disputing that there are other benefits to home ownership but they are irrelevant to whether or not there...
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    No, because they have nothing to do with tax...

    No, because they have nothing to do with tax advantages.
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    I think you've missed the point! Property...

    I think you've missed the point! Property investors do have a tax advantage over a home owner. None of the other points you made are relevant.
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