The % of households renting has gone up 50% over the 30 years from 1991 to 2020. Nothing like shaping your policy to allow for greater wealth accumulation of an economic demographic right?
This has been six months in a leaky boat. So 5k on average isn’t meaningful to help with your first home but $2.50 to $20 a week in tax cuts is? It’s not the right thing and he knows it
its not 3 billion a year for landlords are you stupid ? in what world do you tax a profit you havent made ? 90% of this country including you, the greens and labour dont know how business works . interest is a cost of business the principle cant be claimed as a cost and never has and cant be now , just the interest
They are retaining the "loan" scheme for first home owners. Not such a bad thing. I'd be happy enough to go that line. Australia issues grants for successful first home buyers and doesn't expect stamp duty payment. It may be only a matter of time before we go down the same line.
if the government cared about the housing problem , they would remove all tax from the people earning less than 30k , that would cheap compered to the hand out to land lords
i am a landlord , you wanna see the size of my mortgage payments , my wife and my wages top up the mortgages and insurance and rates have gone thru the roof , still at least im not one of the suckers in kiwisaver
@@macunion1225sell it then if its not profitable to you. Why should government policies be directed towards keeping the majority of the population renting and just paying mortgages for other people?
@@JoyP09 fact is all the people i rent to live hand to mouth anyway so any of them buying a house will never happen , shows how you know nothing by the way , we buy now and do the hard yards so we can have a better retirement and no bludge off the govt just like you
@@macunion1225 I am 35 doing a full time job but ya thanks for your assumptions. So those people living hand to mouth are not hard working, only you are. And you deserve a better retirement but your tenants don't. Got it.
@@macunion1225 If you are receiving any portion of the $2.9 billion tax break for landlords, then you are effectively bludging off the NZ taxpayer as the current government is borrowing to deliver this tax break. New Zealand’s biggest banks can make changes to rules around lending on rental properties making it easier for investors to buy existing properties in direct competition against first home buyers. People live hand to mouth because of external factors reducing their buying power. There is no sympathy for landlords and property investors complaining that they are having to contribute to the cost of their own investment.
Thats a loss of 10k off my house deposit for our first home. We didn't vote for this government. It puts us back by years not months. How much do you think we can save in this current environment.
why should i subsidise your house ? worst of all why should someone less fortunate than you have to subsidise your house ? boohoo . no one helped me buy my own house
@@Pine_pawz the arent tax cuts , its a correction in the tax system , no one in the developed world pays tax on money they havent earned , and the interest on a loan according to GAAP is a legitimate cost , are you guys all stupid ??
@@macunion1225 because the scheme was to help tax payers to get in to a house. And people 'less fortunate' don't pay taxes so why should they get anything
No tough decisions for landlords thou Mr Bishop. In the best interests of New Zealanders Mr Bishop? Which New Zealanders? I can only see the wealthy gaining so far
@@JoyP09 actually mine stayed where they were for the first time in years even though the insurance and rates went up , if you read the news the deductability does not go to 100% right away in any case it incremental
@@macunion1225 Yours is just one case. It doesnt paint the entire picture. They might be forced to stay due to their situation. Point is, rent always goes up. Landlords never pass down the benefit they get from the government.
In 2024 there are about 25,000 families on the waiting list for social housing and about 3,000 families in emergency housing (This is 28,000 families or roughly 60,000 people). Funding for 1,500 places (people) is a drop in the bucket. "Elected to do the right thing"" - yeah right, here landlords have $3bn in tax cuts. It was not the right thing to do to remove interest deductibility. The NZ tax system is heavily biased towards property investment. It does nothing to increase housing supply either. Providing 30 years zoned land does nothing to address the immediate issue of the massive shortfall of both social and standard housing supply. NZ doesnt have a fiscal problem as mentioned. A comprehensive capital gains tax, inheritance tax, gift tax and shifting the age of eligibility for super for those able to work are all viable policies.
Historical if National and it coalition partners had built state houses at rate of 1,000 every year since 1993. Then there would be 15,000 extra houses as at April 2024. So National has created the problem by not investing in infusrtucture.
i have never seen the government be so active , my guess even more people are leavening the country , the land lords are looking like being to big to fail
@@JoyP09 yeah just like a rental car correct , wow you finally get it dipshit . i went without for years , worked 2 jobs , drove to other cities to work and slept in my car , fact is most people dont have what it takes to get ahead , i have a very low education , i had no parental help , i left home as a teen and i had no excuses i just did it
Is this an example of privatization. Labour should stayed away from this as well. State houses are government assets to be controlled the government agency.
Great, let's reward those who contribute nothing (disabled people exempt) at the expense of those who do all the contributing. This came completely out of 'left' field. What a smack in the face to the people who make this economy function in the first place
dude that sucks, 10k away from buying and now we gotta sabe that amount. what do you mean thats not much? thats a whole year maybe never at the rate the economy is going the price keeps crawling away everytime i look at it!
When will the next review of the plan be? And will there be audits done to make sure the community housing are producing a good outcome for the money they get.
Well if the first home grants had to be cut there would have been something wrong with the process and by the sound of it the process was not the best! Use kiwi bank to provide low income working family's Ezy deposits plans and low interest rates for first home buyers. No cost to the taxpayers and no ongoing cost to taxpayer for state housing.
Its a big ongoing cost to taxpayers And the cost will only get bidder over the years. If home builds and home ownership for low income working family's are not on the books
Exactly, Support the people who make money and pay tax. This country is in the S#!t financially and it is time for adults to make the decisions and lead us out of the trouble we are in
Keeping people in state housing and renting for the rest of the lives, stuck in the poverty trap.
The % of households renting has gone up 50% over the 30 years from 1991 to 2020.
Nothing like shaping your policy to allow for greater wealth accumulation of an economic demographic right?
That's a 24% in 1991 to 36% in 2020 change in households renting if my usage of %'s was confusing...
This has been six months in a leaky boat. So 5k on average isn’t meaningful to help with your first home but $2.50 to $20 a week in tax cuts is? It’s not the right thing and he knows it
So 3 billion a year for landlords, but no money for first home buyers
its not 3 billion a year for landlords are you stupid ? in what world do you tax a profit you havent made ? 90% of this country including you, the greens and labour dont know how business works . interest is a cost of business the principle cant be claimed as a cost and never has and cant be now , just the interest
where did the $3b come from ? another idiot that doesnt know how business works . youve drunk the labour/greens watermelon coolaide
They are retaining the "loan" scheme for first home owners. Not such a bad thing. I'd be happy enough to go that line. Australia issues grants for successful first home buyers and doesn't expect stamp duty payment. It may be only a matter of time before we go down the same line.
if the government cared about the housing problem , they would remove all tax from the people earning less than 30k , that would cheap compered to the hand out to land lords
So...keep as many people as you can renting...wish I was a landlord right now....
i am a landlord , you wanna see the size of my mortgage payments , my wife and my wages top up the mortgages and insurance and rates have gone thru the roof , still at least im not one of the suckers in kiwisaver
@@macunion1225sell it then if its not profitable to you.
Why should government policies be directed towards keeping the majority of the population renting and just paying mortgages for other people?
@@JoyP09 fact is all the people i rent to live hand to mouth anyway so any of them buying a house will never happen , shows how you know nothing by the way , we buy now and do the hard yards so we can have a better retirement and no bludge off the govt just like you
@@macunion1225 I am 35 doing a full time job but ya thanks for your assumptions. So those people living hand to mouth are not hard working, only you are. And you deserve a better retirement but your tenants don't. Got it.
@@macunion1225 If you are receiving any portion of the $2.9 billion tax break for landlords, then you are effectively bludging off the NZ taxpayer as the current government is borrowing to deliver this tax break.
New Zealand’s biggest banks can make changes to rules around lending on rental properties making it easier for investors to buy existing properties in direct competition against first home buyers. People live hand to mouth because of external factors reducing their buying power. There is no sympathy for landlords and property investors complaining that they are having to contribute to the cost of their own investment.
The squeezed middle don’t need homes anymore.
screw it then. il just quit my job. jump on winz and jump on the list. thanks a lot champ.
And have 10 kids
@@Matowix oath. 300 a head
Thats a loss of 10k off my house deposit for our first home. We didn't vote for this government. It puts us back by years not months. How much do you think we can save in this current environment.
why should i subsidise your house ? worst of all why should someone less fortunate than you have to subsidise your house ? boohoo . no one helped me buy my own house
ignore the comment it's not a new zealander
@@macunion1225 why should I subsidise your tax cuts????
@@Pine_pawz the arent tax cuts , its a correction in the tax system , no one in the developed world pays tax on money they havent earned , and the interest on a loan according to GAAP is a legitimate cost , are you guys all stupid ??
@@macunion1225 because the scheme was to help tax payers to get in to a house. And people 'less fortunate' don't pay taxes so why should they get anything
No tough decisions for landlords thou Mr Bishop. In the best interests of New Zealanders Mr Bishop? Which New Zealanders? I can only see the wealthy gaining so far
Land Lords provide Houses -Labour forced rents up with stupid Policies
that interest deductibility law was corrupt , dirty and wrong and had to be put right
So, now that interest deductibility is back, will rents be reduced by the landlords?
@@JoyP09 actually mine stayed where they were for the first time in years even though the insurance and rates went up , if you read the news the deductability does not go to 100% right away in any case it incremental
@@macunion1225 Yours is just one case. It doesnt paint the entire picture. They might be forced to stay due to their situation.
Point is, rent always goes up. Landlords never pass down the benefit they get from the government.
In 2024 there are about 25,000 families on the waiting list for social housing and about 3,000 families in emergency housing (This is 28,000 families or roughly 60,000 people). Funding for 1,500 places (people) is a drop in the bucket.
"Elected to do the right thing"" - yeah right, here landlords have $3bn in tax cuts.
It was not the right thing to do to remove interest deductibility. The NZ tax system is heavily biased towards property investment. It does nothing to increase housing supply either.
Providing 30 years zoned land does nothing to address the immediate issue of the massive shortfall of both social and standard housing supply.
NZ doesnt have a fiscal problem as mentioned. A comprehensive capital gains tax, inheritance tax, gift tax and shifting the age of eligibility for super for those able to work are all viable policies.
Historical if National and it coalition partners had built state houses at rate of 1,000 every year since 1993. Then there would be 15,000 extra houses as at April 2024. So National has created the problem by not investing in infusrtucture.
Listen to Gary's Economics and see you correct.
i have never seen the government be so active , my guess even more people are leavening the country , the land lords are looking like being to big to fail
we are to big to fail , i built 3 new houses and provide homes for 6 families , what have you done to help?
@@macunion1225And they all paid for the houses you built and yet you get to keep the house in the end. Not them.
@@JoyP09 yeah just like a rental car correct , wow you finally get it dipshit . i went without for years , worked 2 jobs , drove to other cities to work and slept in my car , fact is most people dont have what it takes to get ahead , i have a very low education , i had no parental help , i left home as a teen and i had no excuses i just did it
Reprioritise that money for politicians wage increase! 😅😅
Is this an example of privatization. Labour should stayed away from this as well. State houses are government assets to be controlled the government agency.
Thanks RNZ. more headlines pls, people will listen to your news if it's on UA-cam.
Great, let's reward those who contribute nothing (disabled people exempt) at the expense of those who do all the contributing. This came completely out of 'left' field. What a smack in the face to the people who make this economy function in the first place
YOU WANT WAR!!! YOU GOT IT!!!
1500 / 25000 = only 6% of needed social housing places.
I missed something didn’t I…
dude that sucks, 10k away from buying and now we gotta sabe that amount. what do you mean thats not much? thats a whole year maybe never at the rate the economy is going the price keeps crawling away everytime i look at it!
When will the next review of the plan be? And will there be audits done to make sure the community housing are producing a good outcome for the money they get.
The working class paying for the benefitaries
Well if the first home grants had to be cut there would have been something wrong with the process and by the sound of it the process was not the best! Use kiwi bank to provide low income working family's Ezy deposits plans and low interest rates for first home buyers. No cost to the taxpayers and no ongoing cost to taxpayer for state housing.
Its a big ongoing cost to taxpayers And the cost will only get bidder over the years. If home builds and home ownership for low income working family's are not on the books
These grants were usually under the median house price and not many people were getting them anyway
Imagine if we weren't in so much debt from the last lot of idiots that we could afford to help everyone who needed it...harden up nz
I domt live in a warm and dry house amd i pay all my taxes. What about people lkke me, im sure there are thousands upon thousands
People like you and me don't matter..only those who own 1 or more houses.
Good….taxpayers should not be subsidising property investment 😉
Exactly, Support the people who make money and pay tax. This country is in the S#!t financially and it is time for adults to make the decisions and lead us out of the trouble we are in
Please update/ change/renovate Podium..it has horrors of the past Government !!
wow , you are the 1 out of 100 that get it