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Wednesday, November 9 - 7:08pmSanction this postReply
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Now looking at direct intervention in the property market, including, regulating the amount of equity a home owner must have in their house, limiting tax concessions on investment properties.

Jesus, why not just put Anderton in charge of the bloody Reserve Bank. There're just so many things in NZ currently to get so frustrated about. But really, bring back Brash; I've had a guts full of interventionists.



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Thursday, November 10 - 4:24amSanction this postReply
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You're right, Mark. The plan seems to be to limit the attractiveness of mechanisms like loss attributing companies for property investment. Of course, it won't be long before that little measure gets extended to all business activity.

Property investment has been a safe haven for capital in NZ for a long time. With talk of a capital gains tax in the wind it looks like the rapacious state is tightening the noose even more.

Fact is, local body regulations & planning via the RMA are singularly responsible for property prices and therefore the bugaboo of inflation. Our cities have been ring-fenced and we all know what happens to prices when supply is limited...

Ross



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