tag:blogger.com,1999:blog-19962237.post1742422605350607219..comments2024-03-04T16:39:30.609+13:00Comments on Lindsay Mitchell: 60 percent of rental properties subsidisedLindsay Mitchellhttp://www.blogger.com/profile/04437693272797130833noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19962237.post-91933760489296327792015-10-05T15:15:34.737+13:002015-10-05T15:15:34.737+13:00Rents need to be capped in Auckland. Such a glut o...Rents need to be capped in Auckland. Such a glut of overpriced dumps, the owners reaping the benefits, the renters marginalised and made use of. Some of these places you wouldn't put your dog in, but they, the landlords, expect high prices and just don't care. National feathering the nests of their rich mates, while vulnerable kids are affected. The housing crises can be laid at Key's door - Chinese money outbidding Kiwi born would-be owners Disgraceful and very bloody unfair. Black money, too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19962237.post-10817553073079696442015-10-02T13:24:12.539+13:002015-10-02T13:24:12.539+13:00Most recent data here:
http://statistical-report-...Most recent data here:<br /><br />http://statistical-report-2012.msd.govt.nz/Supplementary+benefits/Accommodation+Supplement<br /><br />And English said in speech:<br /><br />"Today we spend $2 billion each year on accommodation subsidies."<br /><br />Some of those subsidies are for boarding or paying a mortgage. Around two thirds are for private rentals.Lindsay Mitchellhttps://www.blogger.com/profile/04437693272797130833noreply@blogger.comtag:blogger.com,1999:blog-19962237.post-78626906312993448522015-10-02T10:25:13.249+13:002015-10-02T10:25:13.249+13:00Bit of an extreme view Anon.
I had no idea this ...Bit of an extreme view Anon. <br /><br />I had no idea this was so common. Were there any figures attached as to how much the average rental is subsidised? I'm a bit annoyed to be part of the artificially highly paying minority here. Hamishnoreply@blogger.comtag:blogger.com,1999:blog-19962237.post-33397899003153860132015-10-01T03:29:23.456+13:002015-10-01T03:29:23.456+13:00more to the point - while we have welfare, the dol...more to the point - while we have welfare, the dole, dpb, etc and most importantly communist state healthcare and education <b>everything is subsidised in communist NZ</b><br /><br />Welfare cannot be "reformed" - it can only be abolished. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19962237.post-64753272373451514112015-09-30T21:50:50.513+13:002015-09-30T21:50:50.513+13:00Yes. And landlords could also argue that they are ...Yes. And landlords could also argue that they are only recouping the tax they paid through the subsidy. But my point remains that the govt is messing up the "price signals" (as per English' reference) in this market.Lindsay Mitchellhttps://www.blogger.com/profile/04437693272797130833noreply@blogger.comtag:blogger.com,1999:blog-19962237.post-63663122375143504242015-09-30T21:22:34.946+13:002015-09-30T21:22:34.946+13:00They are also (if the popular press is to be belie...They are also (if the popular press is to be believed) subsidised by landlords. How many times have you heard that people are renting places that they could not afford to buy? Or that the fact that landlords can offset their losses against other income and thus reduce their tax is unfair (they cant any longer, which truly is unfair). Or that landlords are prepared to pay more for a building than the value implied by the rental income because they are factoring in capital gains. davidhttps://www.blogger.com/profile/00312282243883488495noreply@blogger.comtag:blogger.com,1999:blog-19962237.post-225306416774068592015-09-30T07:19:44.732+13:002015-09-30T07:19:44.732+13:00Through the Accommodation Supplement paid to peopl...Through the Accommodation Supplement paid to people on benefits and to a lesser degree, Super.Lindsay Mitchellhttps://www.blogger.com/profile/04437693272797130833noreply@blogger.comtag:blogger.com,1999:blog-19962237.post-33438482920880637512015-09-30T01:09:21.999+13:002015-09-30T01:09:21.999+13:00In what way are they subsidized?In what way are they subsidized?Redbaiterhttp://truebluenz.com/noreply@blogger.com