Landlords about to win biggest class war victory in NZ History

By
Martyn Bradbury
-
34
1350

Economic commentator predicts house prices rising 20 percent under National-ACT Government

Economic experts are predicting an increase in house prices if National and ACT take over in October.

Commentator Bernard Hickey says house prices could rise by 10-20 percent under a National-ACT Government after some key policy changes are implemented.

Bernard Hickey reckons both parties will likely make changes to interest deductibility, bright-line property rules and introduce a tighter fiscal policy around spending and borrowing.

“You’d likely see in the weeks after an election win, very busy auction houses, very busy open homes.”

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Real Estate Pimps have donated millions to National and in return National have lifted the Foreign Buyers Ban and will give landlords the right to kick tenants out with no notice.

National and ACT will also role back Tenants rights while reopening Landlord tax loop holes.

There is a class war on renters but we don’t have the political vocabulary to articulate it.

By opening NZ up to foreign speculators while reopening landlord tax loops holes, National and ACT are opening NZ up for sale to their overseas wealthy mates.

Let’s remind ourselves just how vested the Landlord class is..

…there is an unspoken promise between the neoliberal State and the untaxed capital gains private landlord class that the neoliberal State never builds enough State Houses to alleviate housing desperation so that the untaxed capital gains private landlord class can exploit that housing desperation ON TOP OF getting a $1.5Billion annual subsidy in the form of the Accommodation Allowance EVERY SINGLE YEAR!

The neoliberal State work hand in glove with the interests of the untaxed capital gains private landlord class to constantly keep desperation in the Housing market by never building enough State Houses WHILE handing taxpayer funded subsidies to the untaxed capital gains private landlord class!

 

Landlords about to win biggest class war victory in NZ History and it’s going to happen because the electorate are still furious at Labour and Jacinda over Covid.

The electorate want to cut their nose off to spite Labour even when the face they mutilate is their own.

Labour squandered a once in a generation MMP majority and the backlash to their incrementalism could be the most extreme right wing party NZ has had since Roger Douglas.

 

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34 COMMENTS

  1. Labour squandered is the key point.

    So now you just get the never leave home generation, because it’s either to expensive to buy a house or the rentals are over priced slums.

    Landlords houses should have to pass WOF before becoming landlords.

    • Agree with the squandered remark, but it’s a bit rich to say that it’s Labours fault that NatAct consists of total wankers that have taken loads cash from the real estate industry. All this crap about it’s only houses over 2mil. A lot more houses will now magically be over 2mil and change.

  2. The NZ Economy is based on Housing Speculation and a Housing Ponzi Scheme. Successive Governments both Labour and National have created an Economy based on Housing Speculation for NZ and Offshore Investors.

    In Japan the housing market collapsed in the early 1980’s, now houses are purely built for housing people, and building houses for people to actually live in.

  3. Labour got a bit more wrong than Covid:

    They failed to reform media, so the public get almost nothing but the braying asses of the far Right.
    They did nothing on housing that is measurable in terms of rents.
    And, they took an authoritarian position on trans activism – no debate. Well, no debate means no assent.

    Labour have been dead to me since Roger Douglas. Ardern was a glimmer of hope. Briefly.

  4. That’s great we have Family Houses worth $3.5 million if the value increases 20% that will be a $750k tax free gain as I do not have any debt. Plus my $320 per week from the NZ pension plus ROI on investments a vote for National & ACT looks to be the best bet for me. However I disagree with this Policy as it is not in the best interests of the country and lower socio-economic groups ???

  6. That’s great we have Family Houses worth $3.5 million if the value increases 20% that will be a $750k tax free gain as I do not have any debt. Plus my $320 per week from the NZ pension plus ROI on investments a vote for National & ACT looks to be the best bet for me. However I disagree with this Policy as it is not in the best interests of the country and lower socio-economic groups ???

  7. The biggest class war defeat for workers was the abolition of universal trade union membership. Prior to that, any other attacks could be defeated by means of a general strike.

  9. It’s landlords and employers and farmers/developers/resource harvesting – vs an egalitarian society operating within a sustainable habitat.

  10. Privatise the gains, socialise the losses. woo hoo – go the party political nightmare – it just keeps giving

  12. where was the worm? who was the biggest wriggler – yawn. nothing in this election gets me excited. although the moana interview with winston is an interesting watch.

Comments are closed.