Oh listen to them scream!
Landlord bosses have expressed shock and dismay at today’s Government announcement to axe interest deductions on rental properties.
Andrew King, NZ Property Investors Federation president, and Sharon Cullwick, federation executive officer, were both taken aback by the Government decision to eliminate interest rate tax deductions, which investors can currently claim on properties.
“What, so every other business in New Zealand can still claim tax deductions, but not landlords?” King asked. “You’re joking! This is just bizarre, it’s crazy.”
15 000 homes were bought by those who own more than 5 properties last year.
Speculators are now the largest percentage of buyers in this housing bubble.
To all those landlords screaming they will now sell their rentals because of today’s announcement – GREAT! Flood the market and crash those prices now!
We dare you!
We double dare you!
To those Landlords who are already flooding social media with threats to raise rents to punish Jacinda’s voters – we ask readers to send in those Landlord details and we will name and shame them on this blog for you.
It’s time renters start fighting back against these cretins who would commodify a house and cheat their fellow citizen for a venal buck.
Todays announcement of a war on speculators won’t fix the housing crisis (if you didn’t want a war with speculators why give them $60billion to speculate with in the first place?) but it sure does feel good hearing those Landlords scream and until Labour build more bloody State Houses, a speculating Landlords scream will keep many warm at night.
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