| 1 | https://www.stuff.co.nz/national/politics/300357291/the-hous
es-of-parliament-mps-rack-up-millions-in-capital-gains-as-ho
using-affordability-crisis-worsens How can a government whose members are rolling in the capital gains from their own property investments really have any intent to see house prices come down or even stabilize, when its not in their own individual advantage they are enjoying, to do that. Build a couple of houses to keep them happy and carry on. mkr_ahearn - 2021-07-27 09:54:00 |
| 2 | There’s no capital gain until sold , toyboy3 - 2021-07-27 10:50:00 |
| 3 | A lot like complaining to our local Council about Airbnb’s back in the days before the Pandemic... |
| 4 | toyboy3 wrote:
There’s no capital gain until sold , Thats true yet people are influenced, driven, by the numbers on paper regardless. mkr_ahearn - 2021-07-27 10:55:00 |
| 5 | mkr_ahearn wrote:
Thats true yet people are influenced, driven, by the numbers on paper regardless. Perhaps the question should be why people are influenced by such shoddy and 'gotcha' journalism that masquerades in our country as 'investigative'. Teaching critical thinking may help with reading to see biases or non stories and also the ability to read and listening to items longer than a soundbite. Critical thinking would also equip us to better see through all the conspiracy theories that are on offer. I class these as page fillers, no stories......and after reading them I often think 'so what' at the grand expose (not). I haven't read this one. Edited by shanreagh at 12:28 pm, Tue 27 Jul shanreagh - 2021-07-27 12:28:00 |
| 6 | mkr_ahearn wrote:
https://www.stuff.co.nz/national/politics/
300357291/the-houses-of-parliament-mps-rack-up-millions-in-c
apital-gains-as-housing-affordability-crisis-worsens How can a government whose members are rolling in the capital gains from their own property investments really have any intent to see house prices come down or even stabilize, when its not in their own individual advantage they are enjoying, to do that. Build a couple of houses to keep them happy and carry on. Imagine what that would do their re-election chances. Not likely to happen, ever. amasser - 2021-07-27 12:37:00 |
| 7 | mkr_ahearn wrote:
https://www.stuff.co.nz/national/politics/
300357291/the-houses-of-parliament-mps-rack-up-millions-in-c
apital-gains-as-housing-affordability-crisis-worsens How can a government whose members are rolling in the capital gains from their own property investments really have any intent to see house prices come down or even stabilize, when its not in their own individual advantage they are enjoying, to do that. Build a couple of houses to keep them happy and carry on. Could you explain to us just exactly how "MPs have pocketed $50 million in capital gains from their property interests in the last year" ? maddie44 - 2021-07-27 12:55:00 |
| 8 | maddie44 wrote:
Could you explain to us just exactly how "MPs have pocketed $50 million in capital gains from their property interests in the last year" ? Shock horror probe !! Perhaps it should read "journalists have pocketed millions in capital gains........" The bottom line is EVERYBODY who has sold their house for more than they brought it for have "pocketed" some capital gain !! Just the word "pocketed" is meant to invoke hate !!
Even if or when a capital gain tax is introduced I can not imagine it being any more than say 25%.. so you sell your house and instead of "pocketing" say $200,000 you JUST end up with $150,000 !! gee that would just be enough to put me off the whole idea of selling a property !!!
The major effect of a capital gains tax on property will be to create a whole industry of accountants / lawyers and the like who for a fee will "rearrange" your affairs, so what capital gain you make will be as small as possible !!! onl_148 - 2021-07-27 13:13:00 |
| 9 | onl_148 wrote:
Shock horror probe !! Perhaps it should read "journalists have pocketed millions in capital gains........" The bottom line is EVERYBODY who has sold their house for more than they brought it for have "pocketed" some capital gain !! Just the word "pocketed" is meant to invoke hate !!
Even if or when a capital gain tax is introduced I can not imagine it being any more than say 25%.. so you sell your house and instead of "pocketing" say $200,000 you JUST end up with $150,000 !! gee that would just be enough to put me off the whole idea of selling a property !!!
The major effect of a capital gains tax on property will be to create a whole industry of accountants / lawyers and the like who for a fee will "rearrange" your affairs, so what capital gain you make will be as small as possible !!! Just politics of envy. Penalise anyone who has worked hard and taken the risks to ensure they have some financial security later in life.
The brightline test catches out the house flippers who were truly pocketing the capital gains, and IMO that is all we need. maddie44 - 2021-07-27 13:31:00 |
| 10 | shanreagh wrote:
Perhaps the question should be why people are influenced by such shoddy and 'gotcha' journalism that masquerades in our country as 'investigative'. Teaching critical thinking may help with reading to see biases or non stories and also the ability to read and listening to items longer than a soundbite. Critical thinking would also equip us to better see through all the conspiracy theories that are on offer. I class these as page fillers, no stories......and after reading them I often think 'so what' at the grand expose (not). I haven't read this one. ok mkr_ahearn - 2021-07-27 17:48:00 |
| 11 | maddie44 wrote:
Could you explain to us just exactly how "MPs have pocketed $50 million in capital gains from their property interests in the last year" ? Pocketing, dont recall mentioning that mkr_ahearn - 2021-07-27 17:49:00 |
| 12 | onl_148 wrote:
Shock horror probe !! Perhaps it should read "journalists have pocketed millions in capital gains........" The bottom line is EVERYBODY who has sold their house for more than they brought it for have "pocketed" some capital gain !! Just the word "pocketed" is meant to invoke hate !!
Even if or when a capital gain tax is introduced I can not imagine it being any more than say 25%.. so you sell your house and instead of "pocketing" say $200,000 you JUST end up with $150,000 !! gee that would just be enough to put me off the whole idea of selling a property !!!
The major effect of a capital gains tax on property will be to create a whole industry of accountants / lawyers and the like who for a fee will "rearrange" your affairs, so what capital gain you make will be as small as possible !!