Jump to content
NOTICE TO BOAY'ers: Major Update Coming ×
Bit Of A Yarn

C G T


Freda

Recommended Posts

Immigration, AirBNB have been the main reasons for the huge rise in property values. The policy of requiring certain immigrants bring in say $1M has directly led to greater demand, whilst others have accessed overseas borrowing facilities not available to locals.

In turn this has placed huge demands on so many services primarily health. Some investors driving this boom haven't even resided here so have benefitted on the backs of average NZer's. With the demand on services this has placed half the population worse off whilst others have had a windfall. Those not on the property boom now face a far greater hurdle to get on.

Capital gains tax or some sort of  counter measure is a must to bring about a balance. Otherwise we'll have a feudal type system where some just sit on property whilst others work 60 hours a week without the chance of owning a house.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...