Leaked Cabinet paper reveals Government considering allowing potential influx of overseas landlords
Newshub has been leaked another Cabinet paper which reveals the Government is considering allowing for a potential influx of overseas landlords.
The Housing Minister’s preferred option is now allowing foreign buyers to invest in not just large-scale build-to-rent housing, but any residential land, if they intend to develop even one house on it.
There’s also a big legal warning: if they do this, it can’t be undone.
This Landlord loving, renter hating Government who have already given Landlords their tax loop holes back and the right to evict are looking to allow their foreign landlord mates access to NZ’s residential market even if they only build one house AND once National do it, it can never be undone!
Allowing foreign landlords to exploit NZs desperate rental market vs the selfish and nasty Boomer landlords who dominate the market now?
It’s so hard for renters because we want them both to die in their battle over who controls us, foreign landlords or selfish domestic Boomers.
Regardless, it’s another tricky move by National as they desperately attempt to use extreme free market tools to fix problems caused by extreme free market tools.
There is a class war against renters and we don’t have the political vocabulary to debate it because despite the Real Estate Pimps having donating millions to the Right, the mainstream media never hold the Real Estate Pimps or their political proxies to account.
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!
So 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!
This rigged casino where Landlords can constantly use their own debt to buy more property and out leverage first time home buyers just adds insult to injury.
The Housing Crisis is a political decision and you as renters should be incandescent with rage at how this has been allowed to continue!
The Māori Party Ghost House Tax would spike those landlords hard.
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For me re politics it’s far worse for me personally to be correct than wrong.
Since about 1984 we’ve had no politic, just business and business has a funny little way of making a blood sport out of turning a profit. Perhaps it’s because self-made ‘business people’ are also psychopathic narcissists who derive pleasure from seeing how they can make others suffer while they, themselves, flourish.
I’ve just described neo-liberalism and the people who adhere to its construct. ‘Greed is Good’ so said Gordon Gekko in the film ‘Wall Street’.
Aotearoa / New Zealand has enabled 14 multi-billionaires, 3118 multi-millionaires each with a cash minimum of $50 million and four now foreign owned banks to steal away with $180.00 a second 24/7/365 and now we have a twisted faced bed pan with black eyes telling us, I mean TELLING us that he’s about to sell us out to foreign money.
It’s time we told him. We must tell chris bishop ” No, you’re fucking not” I mean, we really, really need to tell chris bishop ‘No’ ! in a most forthright manner.
Then, when bishop runs out of puff while running and screaming, we can inform the *** ! 14 multi-billionaires, 3118 multi-millionaires each with a cash minimum of $50 million and the four now foreign owned banks who steal away with $180.00 a second 24/7/365 that they are now suspended from trading and that all of their investments, assets and cash funds are frozen pending a royal commission of inquiry led by a team of forensic accountants finish going up them like a hungry meth rat.
WARNING! If we don’t show that we have the balls to demand that, as is our right and privilege, we will lose our Aotearoa / New Zealand if that’s not already happened.
***!
AO/NZ is a farming exports earned economy. Of a population of 5.2 million, there are only 3 million of voting age. Of that 3 million people, 52 thousand people are farmers ( I personally believe, as a farmer, that, that figure is grossly inflated.)
So. How come 14 multi-billionaires, 3118 multi-millionaires each with a cash minimum of $50 million and four now foreign owned banks who can steal away with $180.00 a second 24/7/365 in net profits?
Is that not a fair question? Would that be a reasonable question to level at OUR government? Would those figures not warrant an inquiry? If a beneficiary tries to hide a cash income of a few dollars from WINZ and is caught he or she will get dragged around by WINZ, the Courts and likely get his or her name in the media while their benefit gets suspended leaving them in dire poverty and will likely lead them to homelessness.
But not these cunts! The 14 multi-billionaires, 3118 multi-millionaires each with a cash minimum of $50 million and four now foreign owned banks who can steal away with $180.00 a second 24/7/365 in net profits.
“if they do this, it can’t be undone.”
This is only true under the saitanic neoliberal orthodoxy of Labour/National.
Those who would invest under these conditions know they’re evil.
We have every right to take everything from them.
National did it last time, sold state housing and land and homes why do dumb dumbs continue to vote for this lot.
Real estate pimp and land speculator lobbyists have clearly been swiping that beehive card relentlessly.
They are desperate to get the overseas buyers in to keep the land ponzi going.
You forgot the bit about interest write off being reinstated and back dated till early last year. I mean..what the actual fuck?
Rich get richer, medium income earners and the poor get poorer….. National/ACT/ NZ First policy.
So NZ started as a place where working people could escape the class system in Europe (mainly the UK) & own their own home but National are working as fast as possible to make us all slaves again? That is the only rational conclusion I can get from the leaked documents & while I do not usually like Mr Peters if he can destroy this proposal I will have a slightly better opinion of him.
Basically, Christopher wants policies to re-live the 1990’s, David the 1980’s, and Winston the early 60’s. As Bonnie suggested, let’s hope on this occasion, the idea of foreigners grabbing our assets can move Winston to effectively veto it.
foreign(read corprate landlords) will really really improve things. once again handouts for the nats dole bludging and tax dodging mates
I’m willing to bet that the interest write off, backed dated one year, plus the next years or two’s amount add up to about…. the cost associated with the new ferries. So put another way. The bribe (election donation) paid to National, paid by the real estate industry (lets start calling it what it is, a fkin bribe) has cost the rest of us a reliable critical asset. And that’s just one of their donation obligations. God (if there is one) help us all. We’re screwed.