@evanuggetpi to Aotearoa / New Zealand • 9 months agoMega Landlords: investor stops buying after tax change, renovating insteadwww.stuff.co.nzmessage-square14arrow-up154arrow-down11
arrow-up153arrow-down1external-linkMega Landlords: investor stops buying after tax change, renovating insteadwww.stuff.co.nz@evanuggetpi to Aotearoa / New Zealand • 9 months agomessage-square14
minus-square@[email protected]linkfedilinkEnglish2•9 months agoBut also less houses being bought for rents mean more houses available for people to buy. Removing those people from the rentals pool ?
minus-square@Ilovethebomblink2•9 months agoAssuming those people are in a position to buy, which a lot of people aren’t.
minus-square@[email protected]linkfedilinkEnglish1•9 months agoBut a lot are. More houses means competition hopefully and pushing house prices down. Not up
minus-square@[email protected]linkfedilinkEnglish1•9 months agoBecause the property market is overcooked because it’s oversaturated with speculators trying to rake in those sweet sweet tax free gains rather than doing something productive with their capital
But also less houses being bought for rents mean more houses available for people to buy. Removing those people from the rentals pool ?
Assuming those people are in a position to buy, which a lot of people aren’t.
But a lot are. More houses means competition hopefully and pushing house prices down. Not up
Because the property market is overcooked because it’s oversaturated with speculators trying to rake in those sweet sweet tax free gains rather than doing something productive with their capital