We know what is squeezing the life out of the rental market

[Sharon]

Our PM ran an open home today in Hamilton, 30 people thru in 30 minutes, re 1 per minute. With a number of investors quitting the market and causing rental increases starting to wonder if Jacinda and & Twitford are really our secret friends lol

[flyernzl]

Established and well financed landlords generally do very nicely under a Labour administration.

Gets all the bunnies out of the market.

[Perry]

ID Crisis

Unless the LL is a council, it seems.

Long-term council housing tenants surprised by sudden eviction notice
1 March 2018

A New Plymouth beneficiary, recently recovered from cancer, had been left "stunned" after receiving a sudden eviction notice from the New Plymouth District Council-owned house she has rented for the past five years. PDC housing officer Kaye Thorpe said in the notice a review of the water treatment plant and buildings had identified land which was required for site safety and security management, and future storage and lay down areas. "Accordingly the council had approved the sale and removal of the houses by public tender," she said.

That should give the New Plymouth gNat MP some ammo to fire at Twitford, Taxcindarella et al.

I've seen it locally, so perhaps "identified" is a newish council buzzword.

[Perry]

Next Step

Who amongst us - let alone the NZPIF - has the energy to make a complaint to the Press Council pointing out that the item is a lie: NZ does not have a capital gains tax.

---

EDIT
O.K. Lead by example. (So tis said.)
I have e-lodged a formal complaint.

Well, I never!
The Stuff item has been amended, since I lodged my complaint.
The inclusion of the word comprehensive is a strawman logical fallacy intended to distract readers from the false CGT information still embedded in the article.
[To be continued.]

Being dis-satisfied with the Stuff response, the matter has now progressed to the Press Council.

As the expression goes: watch this space.

[Perry]

Renters trash Christchurch property, costing owner potentially 'hundreds of thousands'
6 March 2018

A Christchurch rental property owner is facing potentially "hundreds of thousands" of dollars worth of repairs after tenants trashed their home when they were evicted. Plywood and flattened Double Brown beer boxes cover the broken windows of the east Christchurch home, which also has holes in the walls and an empty space where the hot water cylinder was stolen from.

The property's owner, who did not want to be named, said he found upwards of four tonnes of rubbish and abandoned belongings strewn through the house and around the section after the tenants were given 40 days to vacate the premises when they stopped paying rent.

Of course - they were obviously not evicted - they were given an eviction notice and went crazy. How they suffer.

Those poor, disadvantaged, down-trodden, exploited and under-privileged things called tenants.

[flyernzl]

40 days sounds odd.

[Perry]

Some Scumbags on This Side, Too.

Woman calls in debt collector after former landlord fails to pay up
6 March 2018

A woman has resorted to seeking the help of a debt collector to get back money owed to her family by a former landlord. Two years on from when Bronwyn Washer's rental nightmare began, and despite a Tenancy Tribunal ruling in her favour, she is still out of pocket by $2385.

[flyernzl]

"It has been widely assumed that the Tax Working Group will back a broader capital gains tax, for example on income from investment property and shares"

A CGT on income? - that's weird.

[Perry]

One Step Forward; Four Steps Back

Another interesting item.
7 March 2018

DUAL OBLIGATION
"Preventing mould in a house is a dual obligation of the tenant and landlord," noted a tribunal adjudicator in a Rotorua case in February. "The tenant must live in a way that avoids mould developing by heating and ventilating the house, and wiping away daily condensation that arises from ordinary living; and a landlord must provide a house that is not prone to mould, fix any issue creating mould; and provide the means to heat and ventilate it."

Neither can simply assert the other is at fault, and expect to win their case before the tribunal, which does not have the power to forbid a landlord to re-let a substandard home, or ban landlords who wantonly let substandard properties.

Starts out with some balance, but slides away from that, as one reads on.

[donna]

"It has been widely assumed that the Tax Working Group will back a broader capital gains tax, for example on income from investment property and shares"

A CGT on income? - that's weird.

Yeah what is that? There is already an income tax on income.

Or is this that thing about a CGT on the % growth in value each year (even though it's not realised). I recall something like that - I guess it's like a provisional tax.

cheers,

Donna

[Perry]

Philanthropists Wanted


Rising rental prices are sending Aucklanders into the regions
9 March 2018

"Salvation Army Waitakere operations team manager Naomi Layzell said she had seen people spend up to 90 per cent of their income on rent in Auckland."Every single day we get people coming to us needing food because their rent is too high."

Layzell said people were moving out of the city due to high rental prices. "We need more house, more social houses and more landlords who are socially inclined, not just in it for a buck."

There you have it, you greedy sods. You're supposed to be running a charity, but paying business costs and taxes, to help Taxcindarella et al.

[PC]

The UK have:
- Capital gains Tax
- Stamp Duty and Land Tax
- Council Tax ( Rates)
- Inheritance Tax

So they must have super cheap houses & rents?
Nope.
https://www.economicshelp.org/blog/2...g/rising-house-prices/

House prices and rents continue to rise.
Get ready for much higher rents with CGT & ring fencing.
Sucks to be poor or a tenant.

[Perry]

Which all goes to proves the lies gushing from the mouths of the W'ton woodenheads and their sycophants.

But never let the facts get in the way of a good pilfering pitch put to their primary constituency of suckers.

It's all about the tax revenue that can later be splashed around pet projects as a way of inducing voters to elect them again.

[donna]

The UK have:
- Capital gains Tax
- Stamp Duty and Land Tax
- Council Tax ( Rates)
- Inheritance Tax

So they must have super cheap houses & rents?
Nope.
https://www.economicshelp.org/blog/2...g/rising-house-prices/

House prices and rents continue to rise.
Get ready for much higher rents with CGT & ring fencing.
Sucks to be poor or a tenant.

Yeah, Labour are a 'wolf in sheep's clothing' for sure. They spend all the $$$ National put into the coffers and raise taxes on everyone and include more taxes to kill any incentive we might have to provide housing. The shine is wearing off and everyone's going to wake up soon realising it's not a nightmare.

Times are indeed tougher under Labour!


cheers,

Donna

[Bob Kane]

"We need more house, more social houses and more landlords who are socially inclined, not just in it for a buck."

A wonderful quote from Salvation Army Waitākere operations team manager Naomi Layzell .
How do we get more landlords who are socially inclined?
Do we encourage them to be socially inclined?
Is there a magic wand to be waved and, poof, landlords are now socially inclined?
Do we pass a law to achieve this?
Or is it a naive comment from someone lacking commercial experience?
It seems that this opinion is quite common and shapes a lot of media coverage.
Is she expecting landlords to under-rent their properties for the greater good?
How can we respond to it and show that landlords are not the cause of the housing problem?