Is rent to rent a viable strategy in NZ ?

[Perry]

What do you mean by 'universal'?

It matters not whether you are rich, comfortable or whatever, if the Rates on your land are xxx dollars, then that's what you pay. (Irrespective of your income or financial status)

[Wayne]

It matters not whether you are rich, comfortable or whatever, if the Rates on your land are xxx dollars, then that's what you pay. (Irrespective of your income or financial status)

Yip.
So by targeted rates you were talking rates targeted based on someones income?
If so then I'd agree with you.
Taxes do that but rates shouldn't (they do it by value instead - more expensive houses are owned by rich people who can afford it they say).

[eri]

^

the new gov. would agree with you

for the family home (poor churches, maori land etc)

BUT, for a 2nd home, like investment property(ies)

they would like rates to also have a wealth tax component

call it whatever you like - "no new taxes comrade jacinta" certainly won't be calling it a tax - maybe a "think-of-the-children-fairness-levy"?

they want to extract as much money as possible

off the people that don't traditionally vote labour

because that's what labour voters expect

and property, being non-portable and highly regulated

seems the perfect sitting duck