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  1. #1
    Join Date
    Jan 2008
    Location
    Wellington
    Posts
    93

    Default Residential PIs: Why would you vote National on 20 Sept 2014?

    I have been pondering this question seriously for a while.

    I must admit to struggling to identify EXACTLY what National has done for PIs over the last six years that can be really classified as beneficial to us.

    Low interest rates? Nah- that was due to international response to financial crisis 2007/8. In fact National has done a number of things that have been hostile to PIs e.g. removal of depreciation on residential rentals because "residential properties do not depreciate" (said with a straight face!)

    I know why I would NOT vote for Labour at present -- Higher General Taxes, CGT, property WoFs, Ring fencing of losses, potential changes to Trusts Act, xenophobic regulations that kill capital gains etc . On the other hand Labour always employ more people (not much regard for productivity), bolster first home buyer subsidies assiting in capital gains, increase accomodation subsidies, skew benefits towards those living "separately" and hence increase in number of sprasely occupied rentals etc.

    If the response to this thread is significant, I will do a summary post once discussion begins to flag so people can get a quick summary.

  2. #2
    Join Date
    Jun 2013
    Posts
    2,157

    Default

    Because voting for Labour, or the Greens is an act of the unhinged.

  3. #3
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,962

    Default

    David Cunliffe as PM?
    Hmmmm

    Why vote any way - doesn't seem to make any difference.
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

  4. #4
    Join Date
    Jun 2013
    Posts
    1,980

    Default

    It's not nice to call 30-50% of your fellow citizenry unhinged, elguapo.

  5. #5
    Join Date
    Jun 2013
    Posts
    2,157

    Default

    Quote Originally Posted by Leftette View Post
    It's not nice to call 30-50% of your fellow citizenry unhinged, elguapo.
    Technically it's about 20%.

  6. #6
    Join Date
    May 2008
    Posts
    3,691

    Default

    Bob Jones has said property investors make more money from a Labour govt than a National one.
    I still wouldn't vote Labour.

  7. #7
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,071

    Default

    I must admit I have voted Labour - occasionally - in the past.

  8. #8
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,862

    Default

    Property investing is not my main source of income at this stage. Therefore, I will vote for the party which supports my main source of income and myself to the greater degree. If that be National, Labor, Greens or even Tim Dot-Com I care very little. Total swing voter here.

  9. #9
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    777

    Default

    From a selfish perspective as a PI I'd vote Nats because they are most likely to keep the status quo / keep things favourable for me whereas Labour's plans will be worse for my back pocket and they seem outright xenophobic and from a bygone age. In reality I'm not that selfish and couldn't bring myself to vote for a party that is happy to see the divide between rich and poor grow wider by the day and sell off assets for short term gain.

  10. #10
    Join Date
    Apr 2014
    Posts
    58

    Default

    Quote Originally Posted by elguapo View Post
    Because voting for Labour, or the Greens is an act of the unhinged.
    That got a chuckle out of me!


 

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