Header Ad Module

Collapse

Announcement

Collapse
No announcement yet.

Greens Wealth Tax?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    Originally posted by Sanya View Post
    Will Jacinda include the Greens and perhaps even lone Māori Party MP Rawiri Waititi in her new government, either in Cabinet or in a confidence and supply agreement? She has spoken of her desire for consensus-building - so perhaps.
    Sounds good until one asks consensus-building with whom?

    Of course, with redundant partners in gummint, then Comrade Cindy can blame them for what goes wrong.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

    Comment


    • #17
      Originally posted by Perry View Post
      [...]

      Of course, with redundant partners in gummint, then Comrade Cindy can blame them for what goes wrong.

      Good observation Perry.

      Yes, if she choses to Govern alone and still fails in important areas like housing (backlog for state housing has dramatically increased) and child poverty (no change in the number of children living in material hardship) - she will no longer be able to fall back on being a "war-time Prime Minister" feeding the masses at the next election or be able to pass blame to partners.

      In short, COVID-19 is not going to indefinitely inoculate her against underperformance in weighty social and economic issues.
      Last edited by Sanya; 18-10-2020, 03:17 PM.

      Comment


      • #18
        Originally posted by PC View Post
        More tax and tenants "rights" we go.
        Sir Robert is absolutely right about never owning residential rentals!!
        I hear Australia's nice.
        100%
        If it weren't for the taxes I would be buying over there

        Ak market is too overcooked , previously unrenovated houses were selling with reno price built in! (endors wanting to sell WITHOUT actually doing any work!
        now any property with lit bit of land are selling as potential to subdivide lol $1M in Manuewa
        certainly Not for the faint hearted

        Comment


        • #19
          Anyone want to stab a guess at how many houses there are in Auckland valued at $1M or more?

          (Forget the beach bach, fancy car, boat and liability offset aspects, for the moment.)

          I wonder how many farms in NZ would be valued under $1M? Or were farms supposed to be exempt?
          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

          Comment


          • #20
            Originally posted by Perry View Post
            Anyone want to stab a guess at how many houses there are in Auckland valued at $1M or more?
            According to a quick Google, there are 540,000 homes in Auckland. Our median home price is something north of $900,000 and tipped by some commentators to reach $1M by the end of the year, particularly if we get a post-election boom. Usually a pending election slows down the market, but it didn't seem to this time. Or did it, and the frenzy we have seen was actually slow?

            In any case, with 540,000 houses and a median price approaching $1M, the answer to your question is somewhere near 270,000.

            But you can't forget liability offset aspects. The vast majority of those homes have mortgages on them to some extent. Anything bought in the last 5-10 years the debt will be quite substantial.

            You also can't forget that most homes aren't owned by one person, it's usually a couple. So the home would need to be $2M+ for that alone to trigger the wealth tax. While we're certainly seeing a few of those now, it'll be at least a couple election cycles before we see it as the norm.
            AAT Accounting Services - Property Specialist - [email protected]
            Fixed price fees and quick knowledgeable service for property investors & traders!

            Comment

            Working...
            X