I'm a landlord and in gringe at the sound of
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| 1 | The free money couldn’t keep coming forever. As a sector, we need to engage in positive discussions to ensure the policy works, writes Mark Todd, founder of Ockham Residential. The quickest route to getting wealthier in this country has been buying an existing home, renting it out, and spending as little as possible on it while the capital gains accumulate. The problem is: nothing is being created. Societies thrive on the creation of new wealth, not the hoarding of existing wealth. So, it should come as no surprise the government has pulled out its trump cards to make investing in existing homes less attractive. With home price inflation running at 25% and more and more young families being shut out, they had no choice. The exact mechanism – removing mortgage interest deductibility – was a surprise to many, but everyone knew the free money couldn’t keep coming forever. Unfortunately, the headlines have been dominated by landlords threatening to take revenge on their tenants, which has only made the government’s case easier. I’m a landlord but I cringe at these stories. As a sector, we need to stop looking like spoilt brats and engage in positive discussions to ensure the policy going forward works. tohwe - 2021-04-29 15:15:00 |
| 2 | $1M a day plus damages. pcle - 2021-04-29 15:59:00 |
| 3 | pcle wrote: What would your way be then?? gazzat22 - 2021-04-29 17:14:00 |
| 4 | The government increases costs on a business, the business signals that they intend to pass the increased cost onto their customers. Where is this 'revenge'? House inflation is running at a huge 25% at the moment primarily due to low interest rates and the government printing money. Perhaps those two things should change? loose.unit8 - 2021-04-29 17:35:00 |
| 5 | Landlords threatening revenge? Or saying, when asked by the media, of course rents will increase as costs, risks and market rents increase. Meanwhile making decisions in their own best interest because they can. artemis - 2021-04-29 19:54:00 |
| 6 | gazzat22 wrote: Couldn’t be a way more messed up that’s for sure. Failure and more failure. pcle - 2021-04-29 19:58:00 |
| 7 | Supermarkets increase the price of goods when minimum wage goes up, is this 'revenge' on the consumer? rhys12 - 2021-04-30 00:20:00 |
| 8 | Rest homes increase their rates when superannuation goes up each year. thumbs647 - 2021-04-30 05:50:00 |
| 9 | Politicians increase their pay each year. And that is definitely revenge on the poor taxpayers. pcle - 2021-04-30 09:14:00 |
| 10 | Councils treat the Landlord ratepayers as ???? money. Need more money, just increase rates. Rather than start with Landlords paying property managers, accountants, lawyers, Banks, tradespeople, insulation companies and housing those never capable to buy their own home. Maybe look at money gouging Councils and Governments. Landlords are an essential part of the economy. Landlords are subject to capital losses, capital gains tax thru brightline tests, bad tenants, difficult imposing tenancy legislation, high rates and insurance bills. If there was no potential for capital gain on their asset, why would they even be a Landlord? market1 - 2021-04-30 10:53:00 |
