This time Mary Holm has summed up what I have always thought of her advice
Writing in today's Herald she spat out more nonsense then usual - even for her.
The problem with her whole page is that we have no idea if the so called enquiries she answers are real or just "patsy" questions designed to be answered the way she wants.
Just read what she says about investors and the possible tax changes:
Landlords must accept changes
By Mary Holm
Those at risk of being bankrupted by tax changes knew what they were getting into
I suppose you're right, that some property investors could be bankrupted by tax changes.
But only those who have borrowed heavily, which is always a risky strategy.
I don't think it's the government's role to protect people who knowingly take big risks in the hope of making big returns.
And it's not as if they haven't been warned that changes were likely.
link: http://www.nzherald.co.nz/business/n...ectid=10633093
You can almost see her rubbing her hands as she dreams of investors burning in hell.
Investors were never warned about tax changes until last month when John Key fumbled the ball and announced his backing of some of the TWG recommendations but with no detail. The massive increase in listings, and slow down of sales since then may achieve what our other friend Bernard Hickey has been trying to predict ( with spectacular failure to date).
For decades investors have followed the rules and guidelines laid down by the authorities and have done exactly what the law said they could do. Now
for their honesty, hard work, risks and dedication, some "could face bankruptcy" for doing things that were, and still are, perfectly legal, and sanctioned by the highest authorities.
If the proposed changes do bankrupt some innocent investors, no doubt Mary Holm and many others will be very pleased.
It's one thing to change the law to stop rorts, rip-offs and illegal manipulations. It is quite a different thing to change the law to deliberately
to hurt the innocent.
The National Government has been riding high so far but the tax changes, if mishandled may be the tipping point for them.
The once hugely popular Labour party under Helen Clark subsequently slide down the polls faster than greased lightening in an hurry because of its backing of the looney anti smacking law. That piece of nonsense was Labour's tipping point. So too may go its successor unless it treads carefully with this proposed change.
Property investors when they unite, make formidable foes.
Love and hate are closely allied emotions. One can lead to the other in an instant.
Writing in today's Herald she spat out more nonsense then usual - even for her.
The problem with her whole page is that we have no idea if the so called enquiries she answers are real or just "patsy" questions designed to be answered the way she wants.
Just read what she says about investors and the possible tax changes:
Landlords must accept changes
By Mary Holm
Those at risk of being bankrupted by tax changes knew what they were getting into
I suppose you're right, that some property investors could be bankrupted by tax changes.
But only those who have borrowed heavily, which is always a risky strategy.
I don't think it's the government's role to protect people who knowingly take big risks in the hope of making big returns.
And it's not as if they haven't been warned that changes were likely.
link: http://www.nzherald.co.nz/business/n...ectid=10633093
You can almost see her rubbing her hands as she dreams of investors burning in hell.
Investors were never warned about tax changes until last month when John Key fumbled the ball and announced his backing of some of the TWG recommendations but with no detail. The massive increase in listings, and slow down of sales since then may achieve what our other friend Bernard Hickey has been trying to predict ( with spectacular failure to date).
For decades investors have followed the rules and guidelines laid down by the authorities and have done exactly what the law said they could do. Now
for their honesty, hard work, risks and dedication, some "could face bankruptcy" for doing things that were, and still are, perfectly legal, and sanctioned by the highest authorities.
If the proposed changes do bankrupt some innocent investors, no doubt Mary Holm and many others will be very pleased.
It's one thing to change the law to stop rorts, rip-offs and illegal manipulations. It is quite a different thing to change the law to deliberately
to hurt the innocent.
The National Government has been riding high so far but the tax changes, if mishandled may be the tipping point for them.
The once hugely popular Labour party under Helen Clark subsequently slide down the polls faster than greased lightening in an hurry because of its backing of the looney anti smacking law. That piece of nonsense was Labour's tipping point. So too may go its successor unless it treads carefully with this proposed change.
Property investors when they unite, make formidable foes.
Love and hate are closely allied emotions. One can lead to the other in an instant.
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