"The Government should also be encouraging home ownership by increasing the stock of public housing. A larger pool of state houses will mean that owning private rentals becomes a less attractive option for investors."
There seems to be a problem with this statement from Sue Bradford today. The state owning more homes will lead to the public owning more homes?
2 comments:
OF course the Greens and Labour also keep missing the point that it is the fact that it is 39% cheaper to fund a mortgage on a rental property than one you own.
Easiest way to decrease the attractiveness of rental / investment property; decrease the steps in tax rates.
Of course the second way to make housing more affordable is make capital gains on the family home (IE all property) taxable at the income tax rate, but make the mortgage / expenses tax deductable.
Would instantly decrease both the cost of housing as it loses its "special" capital gains immunity, and the funding costs of the mortgage...
Sue Bradford's obviously been toking up with Nandor again.
I could see absolutely NO sense at all in her comment. From any angle.
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