| 1 | What do you think they will come up with next? How about - 'A home that is currently rented can only be sold to either a first home buyer or somebody who is currently in rental accommodation and does not own a home' Edited by brouser3 at 8:51 am, Thu 8 Apr brouser3 - 2021-04-08 08:51:00 |
| 2 | Thinking outside the square! ???? Edited by lakeview3 at 8:53 am, Thu 8 Apr lakeview3 - 2021-04-08 08:53:00 |
| 3 | brouser3 wrote:
What do you think they will come up with next? How about - 'A home that is currently rented can only be sold to either a first home buyer or somebody who is currently in rental accommodation and does not own a home' Doh, that would still be a FHB!
LV will be your best mate? smallwoods - 2021-04-08 08:55:00 |
| 4 | What about these landlords who are complaining about the changes, that for them don't come into effect for 4 years, but are kicking out their tenants now,or increasing rent by outrageous amounts, and complaining they aren't in it for the money and are only breaking even. What a load of *****
If they weren't making a profit they would have sold already. voyager4 - 2021-04-08 09:01:00 |
| 5 | smallwoods wrote:
Doh, that would still be a FHB!
LV will be your best mate? What about the person who for one reason or another has previously owned a home, sold up and is now renting/flatting etc. brouser3 - 2021-04-08 09:05:00 |
| 6 | voyager4 wrote:
What about these landlords who are complaining about the changes, that for them don't come into effect for 4 years, but are kicking out their tenants now,or increasing rent by outrageous amounts, and complaining they aren't in it for the money and are only breaking even. What a load of *****
If they weren't making a profit they would have sold already. Have to increase it now, as in 4 years time the spike will be too large, and now they have the govt as the reason. smallwoods - 2021-04-08 09:05:00 |
| 7 | voyager4 wrote:
What about these landlords who are complaining about the changes, that for them don't come into effect for 4 years, but are kicking out their tenants now,or increasing rent by outrageous amounts, and complaining they aren't in it for the money and are only breaking even. What a load of *****
If they weren't making a profit they would have sold already. Seems you have a limited knowledge on the intricacies of business and future planning. eg I suspect that if the ability to claim on borrowing interest was removed from all businesses, there would be a huge number that would become unable to continue operating. Edited by brouser3 at 9:16 am, Thu 8 Apr brouser3 - 2021-04-08 09:14:00 |
| 8 | brouser3 wrote:
What about the person who for one reason or another has previously owned a home, sold up and is now renting/flatting etc. Like the guy today complaining to the media who's already owned a home but has had a relationship breakup and wants to still be classed as a first home buyer to access the subsidies lol https://www.stuff.co.nz/life-style/homed/housing-affordabili
ty/300270540/wellington-house-jumps-415k-in-value-during-cou
ples-separation-process |
| 9 | How about . All holiday homes must be rented out as from 31st May 2021 . Can't leave over 100,000 homes empty can we . ajamrg - 2021-04-08 11:23:00 |
| 10 | ajamrg wrote:
How about . All holiday homes must be rented out as from 31st May 2021 . Can't leave over 100,000 homes empty can we .
Let's make it fairer. Why don't we just ban private ownership of houses altogether? All homes are owned by the state and are allocated due to need. Under the govt's treaty of Waitangi obligations, Maori must be allocated a home first. apollo11 - 2021-04-08 11:31:00 |
| 11 | ???? ???? Well my theory is one of the main causes of the housing shortage is relationship breakdowns so therefore we need to make a law forbidding families splitting up while they have dependent children... There, I fixed it. |
| 12 | This message was deleted. |
| 13 | This message was deleted. |
| 14 | apollo11 wrote:
Let's make it fairer. Why don't we just ban private ownership of houses altogether? All homes are owned by the state and are allocated due to need. Under the govt's treaty of Waitangi obligations, Maori must be allocated a home first. Finally some sense. sparkychap - 2021-04-08 11:59:00 |
| 15 | ajamrg wrote:
How about . All holiday homes must be rented out as from 31st May 2021 . Can't leave over 100,000 homes empty can we . that would ruin the town I live in and a lot of people would lose their jobs. The town couldn't survive without the home stays and the tourists that use them. annie17111 - 2021-04-08 12:10:00 |
| 16 | kittycatkin wrote:
The Hamilton landlady on the news can't afford to keep the rental houses unless she increased the rent by a huge amount just to break even. She was described by the tenants as a lovely, caring person and they could see that she had no choice. but it doesn't come into affect straight away yet she is kicking out a tenant that doesn't have long to live straight away. annie17111 - 2021-04-08 12:14:00 |
| 17 | sparkychap wrote:
Finally some sense.
We really need to shake off this attitude that just because you worked harder, or made smarter decisions, that you are entitled to more in life than anyone else. The UN states that a warm home is a human right (and with a decent internet connection), so let's start confiscating and handing out entitlements! apollo11 - 2021-04-08 12:18:00 |
| 18 | This message was deleted. |
| 19 | This message was deleted. |
| 20 | ok, here's my scenario - I sold well and downsized to the regions with enough capital left to buy a rental property. I live in an area where it is extremely difficult for renters to find accommodation. Houses are reasonably affordable to buy but wages are low here and unemployment high.
Because of all the new rules, and the prospect of further changes coming out of the blue, I am no longer going to buy one.
My money will sit in the bank losing value and the family that could have benefitted from my rental will have to continue to suffer.
How does this help fix the housing shortage? kateley - 2021-04-08 12:32:00 |
| 21 | kittycatkin wrote:
Could people who own houses be legally obliged to give them away to a FHB or share any spare rooms ?
Of course not. It's the duty of the state to hand out properties based on need. So if a solo mother with half a dozen kids needs a large villa for her brood, she gets allocated one. And an upgrade of the internet wiring if required. apollo11 - 2021-04-08 12:32:00 |
| 22 | ajamrg wrote:
How about . All holiday homes must be rented out as from 31st May 2021 . Can't leave over 100,000 homes empty can we . What about all the spare rooms going to waste as well! We should legislate that every bedroom must be filled as of 31st May 2021 Edited by loose.unit8 at 12:36 pm, Thu 8 Apr |
| 23 | brouser3 wrote:
What do you think they will come up with next? How about - 'A home that is currently rented can only be sold to either a first home buyer or somebody who is currently in rental accommodation and does not own a home'
right so someone is renting out a 4 bedroom 2 bathroom 2 living area double internal garage they decide to sell..this house is valued at say over $1.5 million dollars they decide to sell.
a couple who already own their own home have 2 teenage children and would like something bigger ..this house is within their budget but it can only go to a first home buyer who likely does not have that sort of budget!!!???? cathi - 2021-04-08 12:43:00 |
| 24 | kateley wrote:
ok, here's my scenario - I sold well and downsized to the regions with enough capital left to buy a rental property. I live in an area where it is extremely difficult for renters to find accommodation. Houses are reasonably affordable to buy but wages are low here and unemployment high.
Because of all the new rules, and the prospect of further changes coming out of the blue, I am no longer going to buy one.
My money will sit in the bank losing value and the family that could have benefitted from my rental will have to continue to suffer.
How does this help fix the housing shortage? Don't put money in the bank, put it into an investment fund: https://simplicity.kiwi/investment-funds/home/ Pretty reliable and no work involved. tygertung - 2021-04-08 13:15:00 |
| 25 | brouser3 wrote:
What about the person who for one reason or another has previously owned a home, sold up and is now renting/flatting etc. They should stay renting smallwoods - 2021-04-08 13:40:00 |
| 26 | kittycatkin wrote:
The Hamilton landlady on the news can't afford to keep the rental houses unless she increased the rent by a huge amount just to break even. She was described by the tenants as a lovely, caring person and they could see that she had no choice. She,s got 4 years before she is affected .What a load of tripe..Obviously grossly over mortgaged .. gazzat22 - 2021-04-08 14:11:00 |
| 27 | cathi wrote:
right so someone is renting out a 4 bedroom 2 bathroom 2 living area double internal garage they decide to sell..this house is valued at say over $1.5 million dollars they decide to sell.
a couple who already own their own home have 2 teenage children and would like something bigger ..this house is within their budget but it can only go to a first home buyer who likely does not have that sort of budget!!!???? Rules are rules. We are a team of 5 mill remember. Unfortunately there will always be a scenario that it all ends sadly brouser3 - 2021-04-08 14:24:00 |
| 28 | gazzat22 wrote:
She,s got 4 years before she is affected .What a load of tripe..Obviously grossly over mortgaged .. Perhaps she is worried about what may happen if she looses her job ....... brouser3 - 2021-04-08 14:25:00 |
| 29 | gazzat22 wrote:
She,s got 4 years before she is affected .What a load of tripe..Obviously grossly over mortgaged ..
Abandon ship before everyone else does? apollo11 - 2021-04-08 14:44:00 |
| 30 | gazzat22 wrote:
She,s got 4 years before she is affected .What a load of tripe..Obviously grossly over mortgaged .. Sell them all, buy one really nice home for her and live happily ever after... |
| 31 | lovelurking wrote:
Sell them all, buy one really nice home for her and live happily ever after... who could have thought it? lakeview3 - 2021-04-08 15:52:00 |
| 32 | cathi wrote:
right so someone is renting out a 4 bedroom 2 bathroom 2 living area double internal garage they decide to sell..this house is valued at say over $1.5 million dollars they decide to sell.
a couple who already own their own home have 2 teenage children and would like something bigger ..this house is within their budget but it can only go to a first home buyer who likely does not have that sort of budget!!!????
At the root of this scenario is the question why is this house and land valued at 1.5 mill, potentially on the market for $1.5 mill. At the heart of it is supply and demand but also the current owner purchased it 15 years ago for say $300,000 and has held onto it with the expectation of selling it at a "good profit" now !! onl_148 - 2021-04-08 16:13:00 |
| 33 | The member deleted this message. brouser3 - 2021-04-08 17:25:00 |
| 34 | This message was deleted. |
| 35 | This message was deleted. |
| 36 | This message was deleted. |
| 37 | This message was deleted. |
| 38 | kittycatkin wrote:
The costs of refurbishing rentals are also a turnoff. This woman is just breaking even. She can't keep the rentals if they are costing more than they bring in. It’s almost like owners expect to make a profit? Anyone would think they were running a business instead of a charity. pcle - 2021-04-08 18:09:00 |
| 39 | No Children unless you own a home. 1 child per house . there fixed jkp58 - 2021-04-08 18:14:00 |
| 40 | This message was deleted. |
| 41 | gazzat22 wrote:
She,s got 4 years before she is affected .What a load of tripe..Obviously grossly over mortgaged .. That's fantastic. I had no idea the new interest deduction rules are still years away. Hysterical landlords worrying about nothing. artemis - 2021-04-08 18:46:00 |
| 42 | artemis wrote:
That's fantastic. I had no idea the new interest deduction rules are still years away. Hysterical landlords worrying about nothing. You mean it's phased in over four years and not immediately like the landlords spurikers suggest? sparkychap - 2021-04-08 18:49:00 |
| 43 | kittycatkin wrote:
Would you be willing to live in poverty in order to keep three lots of people in your rental houses ? This is a single woman. Her outgoings will be more than her income. She is breaking even now, she won't be with the new regs about what houses have to have, let alone with the tax breaks that Labour is kindly eliminating. She's going to pay bright line tax if she sells now. The full tax goesn't cut in for 4 years. She'd be better holding until then and getting her full $ 500K tax free. sparkychap - 2021-04-08 18:53:00 |
| 44 | wow that is a lot tax free kamo631 - 2021-04-08 18:59:00 |
| 45 | kamo631 wrote:
wow that is a lot tax free If her $ 23K is the max tax liability, that only kicks in in 4 years time. Until then its normal this year, 25% of that next year, then 50%, then 75%. So I reckon she might pay $20K in total over the next 3 years until she can sell tax free. If she sells now, she might pay $ 160K in tax on that possible $ 500K gain. She'd be better restructuring her loans.... Edited by sparkychap at 7:07 pm, Thu 8 Apr sparkychap - 2021-04-08 19:04:00 |
| 46 | This message was deleted. |
| 47 | This message was deleted. |
| 48 | kittycatkin wrote:
The article didn't say how long she's owned the units. She will have thought of that. Hmmm, will she? Perhaps she's being paniced by the Chicken Little articles doing the rounds.... One was 2018 the rest 2019. Edited by sparkychap at 7:14 pm, Thu 8 Apr sparkychap - 2021-04-08 19:13:00 |
| 49 | kittycatkin wrote:
If people don't have one in a fixed time, they forfeit the house.
I see a potential business opportunity....professional banger-upperer. apollo11 - 2021-04-08 19:15:00 |
| 50 | jkp58 wrote:
No Children unless you own a home. 1 child per house . there fixed And no splitting up unless you own two houses...
Seriously though social and relationship freedom must have added to the housing shortage over the decades. heather902 - 2021-04-08 19:25:00 |
