NZ 1st homebuyers are ScReWeD...

[Bjauck]

Does NZ need to introduce policy changes to shift more of the tax burden from incomes to housing and other wealth. Hopefully this would encourage productive investment with well paid employees, and stop more workers from leaving because of the high cost housing and high cost of living.

Thousands head overseas, partly because of economic conditions, with departures accelerating and labour shortage feared
https://www.theguardian.com/world/20...cost-of-living

[Logen Ninefingers]

Does NZ need to introduce policy changes to shift more of the tax burden from incomes to housing and other wealth. Hopefully this would encourage productive investment with well paid employees, and stop more workers from leaving because of the high cost housing and high cost of living.

Thousands head overseas, partly because of economic conditions, with departures accelerating and labour shortage feared
https://www.theguardian.com/world/20...cost-of-living

Yes, people are heading overseas in droves. Inflation is hitting hard with people having less disposable income. Interest rates are rising and rising, up another 50 bps today. We are going through a construction boom. US equities are going through a slow motion crash, KiwiSaver balances are down. And sentiment is turning negative rapidly.

The government won’t be able to collect a cent from ‘property wealth’, even if they introduce a comprehensive CGT tomorrow. The party is over.