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Poll: How would ring-fencing of residential rentals affect you?

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  1. #881
    Join Date
    Oct 2015
    Location
    Rotorua
    Posts
    476

    Default

    Quote Originally Posted by Rosco View Post
    Unfortunately most people aren't interested in politics, so the political parties are full of no hopers. And then suddenly they are running the country :-(

    Ross
    Best talents always go to large private business - it's a career, money, high level of stress.
    Average will be happy with smaller private and public sector.
    Idiots go to politics as no one else is willing to do it

  2. #882
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,757

    Default

    Yeah - the idiots are running the asylum.
    With all the Draconian new laws for residential rental LLs, perhaps AirBnB would be better? To avoid any hassle in Hawke's Bay, consult Be My Hostess. Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #883
    Join Date
    May 2004
    Posts
    2,758

    Default

    Quote Originally Posted by AlFa View Post
    Part-time fish-n-chips shop attendant is hiring KFC burger flippers. Sound about right to me...
    Especially list MPs who meet more than one diversity requirement.

  4. #884
    Join Date
    Feb 2015
    Posts
    365

    Default

    Any group discounts for Apia ?

  5. #885
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    2,999

    Default

    Afraid not.

  6. #886
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,581

    Default

    Royal assent was given 26/6/19

    A little summary

    Ring Fencing - Obtained Royal Assent 26/6/19



    Section 51C contains Ring Fencing, and comes into force 1/4/19.

    • Only residential properties
    • Can apply on a property by property basis, or portfolio basis
    • Losses that are ring fenced carry forward to future years
    • Excludes
      • Person’s main home
      • revenue account properties. i.e not trading properties, specs or developments
      • Mixed use assets, as losses already limited under those rules
      • Property provided as employee accommodation

    • Specific section to catch interest used to borrow to buy shares in property companies
    • Can use ring fenced losses to offset Brightline profits.


    This is a quick update and we will send clients further information now that this rule has been finalised.

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  7. #887
    Join Date
    May 2008
    Posts
    3,528

    Default Who would have thought that would happen?

    https://www.stuff.co.nz/business/113...-rise#comments

    Every region in New Zealand had higher rental asking prices in May than they did a year before, Trade Me's latest data shows.
    A year later and we are seeing the consequences of the Labour/Greens attack on property investors.
    And the stupid people who keep saying "you can't increase the rent if the tenant can't afford to pay it" have been proved wrong.
    Also proven wrong are those people/politicians who think an investor selling up won't effect renters.
    One less rental means one tenant homeless - 3.5 tenants per rental, 2.5 residents per home.

    Upper Hutt landlords will be smiling:

    "Tenants in the capital are a bit better off but we expect to see prices in the capital continue upwards later this year, there simply aren't enough rental properties in Wellington compared to the demand," Jeffries said.

    "Taking a closer look at the region, Upper Hutt saw the largest annual increase of 31 per cent or $125 to a record $520 per week. South Wairarapa rose 21 per cent to $450, Masterton was up 20 per cent to $395 while Wellington city rose 9.6 per cent to $570 per week."

  8. #888
    Join Date
    Apr 2005
    Posts
    2,698

    Default

    Quote Originally Posted by Bob Kane View Post
    https://www.stuff.co.nz/business/113...-rise#comments



    A year later and we are seeing the consequences of the Labour/Greens attack on property investors.
    And the stupid people who keep saying "you can't increase the rent if the tenant can't afford to pay it" have been proved wrong.
    Also proven wrong are those people/politicians who think an investor selling up won't effect renters.
    One less rental means one tenant homeless - 3.5 tenants per rental, 2.5 residents per home.

    Upper Hutt landlords will be smiling:
    I don't know Bob.
    I'd hate to think any organization would target any investor group aggressively.
    Possibly nudge the public away from certain choices, yes.
    But directly target, no.
    If I was the Government, and I wanted to wipe out property investors, you'd know about it.

    In simplistic economic terms, it's correct to think of money as a zero sum game.
    If the average wage is flat, the average spending is fixed.
    One assumes some essential spending and some luxury spending of course.
    But if you take away a person's sense of progressing, you take away their buy in into the system.
    Then you have big trouble, in a motivational sense.
    Good innovative community depends upon enthusiastic cooperation.

    Bob, ? Bob? any of this ringing any bells, from when you were a schoolboy in shorts , back in economics class?

    PS.
    In fact, if I was the Government, and I wanted to get more people owning houses, I'd look at a way of rewarding anyone who helped me reach my goal.
    It's so much easier to get a population to move in a general direction under their own power.

    I'd probably need to understand the basic mind set difference between a renter and a landlord, and let both do what they did naturally.
    But create a framework so that both of those skill sets and ways of viewing the world were well rewarded and co-existed economically.
    The goal being mutual benefit to the Landlord, the Tenant and the General social structure they both operated within.

    Tripple target.

    Or three flaming hoops for your Jack-Russel to jump through, as I like to visualize it.

    There, no more hints.
    you primates really need to sort yourselves out.
    Last edited by McDuck; 29-06-2019 at 01:00 PM.

  9. #889
    Join Date
    May 2008
    Posts
    3,528

    Default

    Quote Originally Posted by McDuck View Post
    There, no more hints.
    you primates really need to sort yourselves out.
    Thank you for your contribution.
    We can handle it ourselves now.

  10. #890
    Join Date
    Apr 2005
    Posts
    2,698

    Default

    Lol.
    You're welcome.

    Please remember share the bananas.

    Watch out for the cheetahs.

    I'll be back to check on you all in a decade or so.

    Over and out.
    Last edited by McDuck; 29-06-2019 at 01:37 PM.


 

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