Couple making a 150k buying a personel house is 6times an investor is 7x. But that thru a retail bank i.e BNZ, ANZ etc. Once you have over 3 rentals a retail bank wont touch you anyway. So you have to go to 2nd teir banks who are not controlled by DTI restrictions. Think what is going to happen to say Auckland with DTI retrictions and what will happen to regional towns wereby you can buy a house for 350k like Ashburton.

The tax system is designed to make housing an investment portfolio/ making profit from real estate does not improve gdp .

@toniyoung1057

18 күн бұрын

But it does help house people

Sometimes you are helping fhb by not letting them buy. In a year or two many will be thankful they didnt buy

If the government wants to help first home owners all they have to do is guarantee the deposit, as long as they meet the banks lending criteria. It is shown that people will fight tooth and nail to protect the family home so the chances of the government losing the deposit is very low as even if a mortgagee sale occurs they have a high probability of getting it back after the sale.

Match new house builds with visas and watch it collapse.

@JimmyStrings

21 күн бұрын

What do you mean by matching with visas?

@benmeech4972

20 күн бұрын

The only reason houses are valuable is that the government imports more people than we have houses/ so supply versus demand

@JimmyStrings

20 күн бұрын

@@benmeech4972 Yes I suspect that's the case, but all the anglo nations appear to be addicted to immigration as a temporary economic panacea. It's the one issue no Western government will back away from, no matter how unpopular it is. Look at the Tories and their absolute betrayal of their own base.

@benmeech4972

20 күн бұрын

Tories are the party of bankers they just tricked the working poor to vote for them as labour abandoned them for the mid wit utopian dream of female communist middle managers to get more votes. The modern economic model means they have to import people as the debt they have created cannot be repaid by the number of people in your country but it has failed as they refuse to change the economic theory to reflect real world data. Look up the roll of Harvard university in creating economic theory that fudges the numbers for the reserve bank.

Borrowing from the younger generations - this country is "so cooked"

If the numbers add up and the bank says yes, all those approved will have an address! If numbers are short and the bank says no, all those declined must find some more dough. An honest and accurate advertising slogan for bank lending would be, SHOW ME THE MONEY!

He's got no idea

@J.Smith-rc6wh

20 күн бұрын

and no facts to back his wild claims

Nah, we just would rather pay a house off for ourselves than pay it off for some investor.

AC is only making his calculation's as if the same policies will allow the standard BOOM, BUST, then BOOM cycle. If the new policies are allowed to succeed, this will not happen. Prices will settle at whatever they fall to, and then remain stable from that point, only rising to meet inflation, i.e. no speculative gain. As prices fall, your yield is improved, your income goes further, so it easier to meet DTI etc.

@zweed69

21 күн бұрын

yes but nothing seems to be coming down in price, fuel, power, LPG, rates, insurance, everything is still going up. Sure Interest rates fluctuate, but everything else on a steady uphill trend will always make house prices higher it that simple. For house prices to drastically drop, the value of money must drop.

AC gives no reason why capital gains will continue. NZ no longer has a naturally growing pipulation, so any population growth is entirely dependent on net immigration. Interest rates have been on a long term decline for 40+ years and this trend is over. There has been a huge credit boom for the last 40 odd years, allowing people to borrow more and more. All three factors made property a one way bet for a whole generation. Now not so.

Do not buy rental property in NZ, it is overpriced and you will lose. Buy index funds via Hatch or one of the other share trading platforms, instead.

Trump

@annekevandenberg8165

21 күн бұрын

The "artful dodger" of the deal.

@user-uq1rl6zs2b

21 күн бұрын

@@annekevandenberg8165 trust the plan

So if a property is bought for capital gains then its speculation and not a business for which we expect a positive earnings. The argument that property investing is a business and therefore a tax deduction on interest costs does not hold water. I'm an investor but I wish the industry would call a spade a spade. Church is simply the worst spriuker out there. He's a shocker

Neoliberal economics has caused the drop. Post 1991.

"ALL property markets return to mean without exception" John Kiyosaki-Rich dad poor dad author 30% of income is mean for property, average price in USA is $320,000, NZ and Australia have some of the highest multiples of average income for property. BUBBLE!

@J.Smith-rc6wh

20 күн бұрын

This guy is just talking his book, beware!

@J.Smith-rc6wh

20 күн бұрын

Property prices always go up? tell that to the japanese, where prices peaked in 1982,, then collapsed by 60%, then rose every year 2% and are still not higher than they were then, do not take my word for it, look it up! we are at the same property to income multiples as Japan was in 1982 before the crash . . .

Yeee fuck the first home buyers at least we have our houses aye 3 billion to us for tax cuts 🎉🎉🎉 🥳🥳🥳

@kevinansley7353

21 күн бұрын

What is your point?

@rjh6037

21 күн бұрын

How terrible working people may get to keep a little more of their own money when instead it could all be spent on more BS social spending benefiting losers like you.

Banks will only lend you an umbrella when the sun is shining, you are wearing gumboots, rain pants and raincoat and you swear to remain indoors and never go outside.....bugger you when it actually rains and you are caught outside.