I can see more landlords selling up with these changes

https://www.tenancy.govt.nz/law-changes/?fbclid=IwAR0Y2wrmn9
IrAatfT4tMAW9qs6MsuZSFzqb_stMJ8zPl2y-p9ri_KYmrWqE

catwoman1974 - 2021-01-06 01:32:00

Premptive rent increases to cover the 2nd six months 'just in case'.?

More rentals being sold to owners, or corporations?, To owners would = lower occupation rates per house, maybe?
Pushing house prices up to the point that you get enough income with them empty.
~~~~
What's a 'minor change'? Extra expenses would mean increase in costs, and then rent.
{ Making minor changes – Tenants can ask to make changes to the property and landlords must not decline if the change is minor. Landlords must respond to a tenant’s request to make a change within 21 days.}

I guess, ' put in a sandpit',

Edited by marte at 2:04 am, Wed 6 Jan

marte - 2021-01-06 01:58:00

I have a client who has instructed me to terminate the tenancy and leave the property vacant for 9 months awaiting the return of the owner (property held in a trust). How is that helping the homeless?

keys - 2021-01-06 08:19:00

Unbalanced. Unjust. Insanity.
Business as usual from our glorious leaders.

pcle - 2021-01-06 08:43:00

keys wrote:

I have a client who has instructed me to terminate the tenancy and leave the property vacant for 9 months awaiting the return of the owner (property held in a trust). How is that helping the homeless?

Just in time for the new Empty Homes Tax modelled on the Vancouver example. Properties deemed "empty" will be subject to a charge of 1.25% of the property's 2020 GV. Revenues from this tax to be invested in affordable housing.

kestrel43 - 2021-01-06 11:55:00

keys wrote:

I have a client who has instructed me to terminate the tenancy and leave the property vacant for 9 months awaiting the return of the owner (property held in a trust). How is that helping the homeless?

Poor owners - Fancy being so worried that their home would not be vacant when they needed it, because they couldn’t be confident tenants would vacate in time, that they had go without this income for 9 months. There’s two sides to every story.

sher5 - 2021-01-06 11:58:00

kestrel43 wrote:

Just in time for the new Empty Homes Tax modelled on the Vancouver example. Properties deemed "empty" will be subject to a charge of 1.25% of the property's 2020 GV. Revenues from this tax to be invested in affordable housing.

they have done this in Germany, and also they tax holiday homes at a higher rate, basically anything more than one residential property gets taxed. I was talking to a guy from Bavaria who said all the income they got from the empty homes and holiday homes tax is used to develop subdivisions for first home buyers only, and they are only allowed to sell to other first home buyers.

I mean let’s face it. This government has done absolutely NOTHING ato address the housing crisis in the whole scheme of things. It’s now no longer a crisis, but a catastrophic disaster, more than an emergency. I am so disappointed that still NOTHING seems to have changed from the previous govt allowing older New Zealanders (including myself) to build their wealth while young people struggle to ever get anywhere. They will be renters for life, whereas people like myself will get to live mortgage free in my retirement, simply because I was fortunate enough to be born at a certain time. It’s criminal.

Tell me what good will come from placing all the pressure on our youth to pay for their study, pay for their retirement AND our retirement, while allowing the cost of housing to escalate out of their reach????? It’s all bad I tell you. Shame on New Zealand politicians. All as bad as each other. The only person speaking any sense is Bernard hickey. Won’t someone listen to the guy????

Edited by lakeview3 at 12:19 pm, Wed 6 Jan

lakeview3 - 2021-01-06 12:16:00

It’s so ridiculous New Zealand has so much land, we grow wood ffs and yet houses cost so much.

A house near me just sold for over $800, 000 and 10 years earlier was just over $400,000 with no improvements. The section originally cost just over $40,000. Madness.

lakeview3 - 2021-01-06 12:33:00

we have a house (albeit it is a new build on a subdivided back section shared driveway) in our street asking price is $699k which is crazy as this is a low socio economic area...in saying that houses have been selling here for late 400s to early 500s they are all pretty much 3 bedroom 1 bathroom houses

cathi - 2021-01-06 12:42:00

lakeview3 wrote:

It’s so ridiculous New Zealand has so much land, we grow wood ffs and yet houses cost so much.

A house near me just sold for over $800, 000 and 10 years earlier was just over $400,000 with no improvements. The section originally cost just over $40,000. Madness.

Most of the timber is exported to China

catwoman1974 - 2021-01-06 13:07:00

Tax on unused houses and land being banked sounds ok to me..

mechnificent - 2021-01-06 13:39:00

Use it or let someone else... Let people put their money into something that actually creates something real..

Edited by mechnificent at 1:42 pm, Wed 6 Jan

mechnificent - 2021-01-06 13:42:00

A vacancy tax would be a new tax. Apparently we have been promised no new taxes by this government so if the promise is kept this could well be a policy going in to the 2023 election. Plus a CGT policy if we have a change of Prime Minister before then..

Meantime I am sure officials have been asked to work out the costs and benefits so the politicians can work out impact on votes.

Revenue from the Vancouver tax is not that great, which may be why the rate is being tripled this year. Believe there was a fair bit of Chinese money parked in empty Vancouver property, and noted that Vancouver population is half the size of our whole country.

artemis - 2021-01-06 13:51:00

mechnificent wrote:

Use it or let someone else... Let people put their money into something that actually creates something real..

People can already spend their money on whatever they like within the law. (And even then ....)

I think you are suggesting they should be forced to spend their money where they don't want to. That will end well.

artemis - 2021-01-06 13:55:00

sher5 wrote:

Poor owners - Fancy being so worried that their home would not be vacant when they needed it, because they couldn’t be confident tenants would vacate in time, that they had go without this income for 9 months. There’s two sides to every story.

Or left in worse condition. Probably not trashed with Keys as property manager, but 'wear and tear' covers a lot of sins.

And as has been reported recently common enough for value to go up more than the income from the day job. Sounds like a plan.

artemis - 2021-01-06 13:59:00

I'm suggesting people should be investing in something that produces something useful to the country.. That's invest.. for a return.. Just not in land..

Rates were initiated in NZ to curb land grabs.. not to fund council works.. We should go back to that system

mechnificent - 2021-01-06 14:07:00

mechnificent wrote:

I'm suggesting people should be investing in something that produces something useful to the country.. That's invest.. for a return.. Just not in land..

Rates were initiated in NZ to curb land grabs.. not to fund council works.. We should go back to that system

So all Ok for people to put their money where they wish? Or are you suggesting a more uneven playing field?

artemis - 2021-01-06 14:37:00

artemis wrote:

So all Ok for people to put their money where they wish? Or are you suggesting a more uneven playing field?

the playing field has been significantly dug up since most of us older people bought our first houses. And yes, since shelter/housing is a basic human need it should be levelled. Otherwise it’s just a case of certain people in this country having their cake and eating it too, whilst others starve.

Edited by lakeview3 at 2:42 pm, Wed 6 Jan

lakeview3 - 2021-01-06 14:42:00

Of course people should put their money where they wish, into investments are the sensible thing to do, but it should be farming or forests or factories or business... Not land banks or property speculation.. Not without being taxed heavily for their pleasure if they do want to speculate.. .

mechnificent - 2021-01-06 14:55:00

Anyone with kids want to see them have a chance.. and their kids too..

mechnificent - 2021-01-06 14:56:00

Some things need protecting, like the environment, and resources, so there's enough for everyone and for the future. We can't afford to have the assets commandeered by a few for their excesses.. We have to have controls in place.. People are a greedy lot.

mechnificent - 2021-01-06 15:01:00

Dreamers, sounds like some on here want to go back to the state owned country. So much or forward thinking. Sounds like green and communist policy to me. People need to start thinking for themselves lther wise your freedom will keep going down the gurgler. Each to their own.

msigg - 2021-01-06 15:07:00

Lol... So we're all commies you reckon..

mechnificent - 2021-01-06 15:10:00

mechnificent wrote:

Anyone with kids want to see them have a chance.. and their kids too..

you would think so wouldn’t you? I know I would. Sadly it just shows you how really very selfish and greedy some people really are.

lakeview3 - 2021-01-06 15:12:00

msigg wrote:

Dreamers, sounds like some on here want to go back to the state owned country. So much or forward thinking. Sounds like green and communist policy to me. People need to start thinking for themselves lther wise your freedom will keep going down the gurgler. Each to their own.

seemed people were a lot happier and better off back in the 1960s and 1970s, so what’s the problem?

Much better the state owning the rentals than private people.

I lived in a state house for the first 5 years of my life, and my father lived in a state house while he was growing up. His education was paid for by the state and he also worked in a public service job. Much more stable life than what many have to endure these days.

Edited by lakeview3 at 3:16 pm, Wed 6 Jan

lakeview3 - 2021-01-06 15:13:00

Yeah Mate....

mechnificent - 2021-01-06 15:17:00

Funny that you and I are the commies... I wonder if they know how that works or what it means.

mechnificent - 2021-01-06 15:20:00

mechnificent wrote:

Yeah Mate....

many of the very same people who benefited from the so called ‘state’ growing up and in their early adult years, are the very same who are now claiming that to be supported by the state is communism.

The cost of houses, and that’s mortgage AND rent in New Zealand today is sending people into a lifetime of poverty and those who don’t care about that are saying more about themselves than anything. We should care because marginalising people affects us all. As I said many years ago on here - and got laughed at again - get your personal security in order, don’t drive around in flashy cars or draw attention to yourself. Crime will increase and we are already seeing this.

It’s all directly linked to the cost of housing.

lakeview3 - 2021-01-06 15:30:00

mechnificent wrote:

Funny that you and I are the commies... I wonder if they know how that works or what it means.

yeah sticks and stones eh. When I think of those people who make those claims I think of how hypocritical it is to accept state help in one hand when it suits them and then later deprive others of it.

lakeview3 - 2021-01-06 15:32:00

lakeview3 wrote:

A house near me just sold for over $800, 000 and 10 years earlier was just over $400,000 with no improvements. The section originally cost just over $40,000. Madness.

It's what happens when fiat currency gets diluted. Has anyone noticed an increase in the cost of food items, or building supplies? The place where I buy my wood from is 30% more expensive in the last couple of years.

apollo11 - 2021-01-06 15:49:00

lakeview3 wrote:

you would think so wouldn’t you? I know I would. Sadly it just shows you how really very selfish and greedy some people really are.

Only morons would demand that the government fix a problem when government IS the problem. This is the result of socialist policy, regulation and government meddling in free markets.

apollo11 - 2021-01-06 15:52:00

mechnificent wrote:

Funny that you and I are the commies... I wonder if they know how that works or what it means.

There has never been true communism yet, as far as I'm aware. Just degrees of socialism.

apollo11 - 2021-01-06 15:54:00

apollo11 wrote:

Only morons would demand that the government fix a problem when government IS the problem. This is the result of socialist policy, regulation and government meddling in free markets.

rent only started going up when state houses were sold off and market rents were put in place and when no govt stepped in to stop foreigners owning New Zealand houses and when successive govts encouraged speculation allowed houses - an increasing asset to be negatively geared. We all know who voted for THAT dont we? The very same people who are now drawing on another HUGE state cost.

It’s the feigned ignorance and hypocrisy and selfishness of it all that sticks in my craw.

Edited by lakeview3 at 4:00 pm, Wed 6 Jan

lakeview3 - 2021-01-06 15:58:00

How's that Working For Families working for you?

apollo11 - 2021-01-06 16:05:00

This message was deleted.

gunna-1 - 2021-01-06 16:13:00

This message was deleted.

gunna-1 - 2021-01-06 16:18:00

apollo11 wrote:

How's that Working For Families working for you?

I was never a fan of that policy when it came out, or accommodation supplements and frankly they wouldn’t be needed if only the state provided rentals and all others were owner occupied. Because that’s what we’re talking about isn’t it? RENT and tenancy laws.

lakeview3 - 2021-01-06 16:21:00

gunna-1 wrote:

Imagine how much less landlords would be getting regulated if the government just maintained and updated social housing stock, and keept the free marked deregulated.

exactly

lakeview3 - 2021-01-06 16:22:00

If the cost of housing and rent was cheaper, the govt wouldn’t be needing to prop people up. It’s a vicious circle and merrygoround that no one wants to get off. We all saw the reaction of some landlords when the students got an extra $50 a week. That’s sadly the mentality we are dealing with in some cases.

https://www.stuff.co.nz/national/politics/100485600/student-
allowance-boost-blamed-for-rent-spikes

Edited by lakeview3 at 4:30 pm, Wed 6 Jan

lakeview3 - 2021-01-06 16:29:00

Oh there's been government run communes Apollo... And people were sent to them, and allocated jobs.. Just not here.

mechnificent - 2021-01-06 16:37:00

It could get a lot worse than a bit of social policy...

mechnificent - 2021-01-06 16:39:00

mechnificent wrote:

It could get a lot worse than a bit of social policy...

Feel free to move to Chy-na. You'll be in 'social policy' heaven.

apollo11 - 2021-01-06 16:53:00

Lol.. I've been wondering how we spell that...Chy-na. I needed that the other day in a yanky forum..Cheers.

mechnificent - 2021-01-06 16:56:00

This message was deleted.

gunna-1 - 2021-01-06 16:58:00

lakeview3 wrote:

If the cost of housing and rent was cheaper, the govt wouldn’t be needing to prop people up. It’s a vicious circle and merrygoround that no one wants to get off. We all saw the reaction of some landlords when the students got an extra $50 a week. That’s sadly the mentality we are dealing with in some cases.
https://www.stuff.co.nz/national/politics/100485600/student-
allowance-boost-blamed-for-rent-spikes

Government meddling in markets. Neo-liberal immigration policy. (Supply and demand). Government regulation. Globalist squeezing of labour markets. The answer is 'less' government.
Don't blame people for making the best of the situation they are in. You happily took the WFF cash even though you frowned on the policy, didn't you? If you'd had less kids, you'd be in a better position to support them, as we have been able to do.

apollo11 - 2021-01-06 17:02:00

This message was deleted.

gunna-1 - 2021-01-06 17:03:00

China's move towards capitalism has been carefully bought in over the course of about forty years now. They started licensing certain business to engage, and they sent people to study and adopt capitalist strategies. Even now the capitalism that is in China is still controlled by the state.

Edited by mechnificent at 5:04 pm, Wed 6 Jan

mechnificent - 2021-01-06 17:03:00

This message was deleted.

gunna-1 - 2021-01-06 17:05:00

gunna-1 wrote:

China is becoming more capitalist, we seem to be moveing in the opposite direction, what we need is to scrap all the reckless ideas and fix things up back to how they were, bring trade tariffs back again, and kneecap vile socialist policies and rampant capitalism, open some factories up and get the hell out of the housing market bubble, let the damn thing crash and burn, put the cash into something else, at the moment we cant or couldent compete with what china was makeing.

Hell no. China is completely state controlled. Every business over a certain size is controlled by the CCP. They subsidise their businesses to knock out competition in foreign markets, their financial markets are opaque. They use slave labour.

apollo11 - 2021-01-06 17:06:00

mechnificent wrote:

Even now the capitalism that is in China is still controlled by the state.

So it's not capitalism then. It's a centrally controlled command economy.

apollo11 - 2021-01-06 17:08:00