NZ 1st homebuyers are ScReWeD...

[Bjauck]

Taxpayers stand ready to step up.

Fair comment. Everything comes with a cost/benefit.

Taxpayers have already borne a cost with housing in the past. The accommodation supplement is provided by taxpayers. Negative gearing and interest deductibility were available. And a considerable amount of investment return in the form of capital gains has not be taxable. There is scope to widen the tax base and, who knows, for the housing and accommodation markets to become more affordable.

[TeslaGod]

Rank Country Ownership Percentage
1 Kosovo. 97.8
2 Romania. 95.8
3 Hungary. 91.7
4 Montenegro 91
5 Slovakia 90.9
6 Lithuania 90.3
6. Singapore 90.3
7 Croatia. 89.7
8 Russia. 89
9 Macedonia 85.9
10 Bulgaria 84.3

Although I'm sure very lovely countries not a sacrifice I would make for living and raising a family in the likes of peaceful , countries like NZ, OZ, Canada,UK etc.

Capitalism works.

[TeslaGod]

Since Kosovo was recently born from the ashes of war let's take a walk through a lovely village in Romania.
A first home buyers paradise.

https://youtu.be/uQxhJFPvDGg

Trust me capitalism works.

Rank Country Ownership Percentage
1 Kosovo. 97.8
2 Romania. 95.8
3 Hungary. 91.7
4 Montenegro 91
5 Slovakia 90.9
6 Lithuania 90.3
6. Singapore 90.3
7 Croatia. 89.7
8 Russia. 89
9 Macedonia 85.9
10 Bulgaria 84.3

Although I'm sure very lovely countries not a sacrifice I would make for living and raising a family in the likes of peaceful , countries like NZ, OZ, Canada,UK etc.

Capitalism works.

[Bjauck]

Since Kosovo was recently born from the ashes of war let's take a walk through a lovely village in Romania.
A first home buyers paradise.

https://youtu.be/uQxhJFPvDGg

Trust me capitalism works.

The video clip is entitled “poorest village”. You can find some pretty grim poverty in many countries - Take a google trip around England and Australia for a start.

Romania ceased to be a communist country some time ago and is probably more capitalist than NZ now. NZ has a socialised capitalist mixed environment.
https://en.wikipedia.org/wiki/Romania

[TeslaGod]

The video clip is entitled “poorest village”. You can find some pretty grim poverty in many countries - Take a google trip around England and Australia for a start.

Romania ceased to be a communist country some time ago and is probably more capitalist than NZ now. NZ has a socialised capitalist mixed environment.
https://en.wikipedia.org/wiki/Romania

I like how you conveniently replaced the word socialist with socialised.

Less scandalous.

[Bjauck]

I like how you conveniently replaced the word socialist with socialised.

Less scandalous.

From your posts and replies, I am confused as to your position. As far as I can tell it seems to be this:.

Romania is capitalist and it has a high percentage of owner occupation but it is not a desirable country to live in.
NZ is not capitalist. It has a lower percentage of owner occupation and housing is very expensive. However it is a desirable country in which to live.

[TeslaGod]

From your posts and replies, I am confused as to your position. As far as I can tell it seems to be this:.

Romania is capitalist and it has a high percentage of owner occupation but it is not a desirable country to live in.
NZ is not capitalist. It has a lower percentage of owner occupation and housing is very expensive. However it is a desirable country in which to live.

The New Zealand housing market is capitalism at its finest.

Capitalism works.

Unfortunately there looks likely to be more regulations introduced on the housing market soon.

Hence your top 10 home ownership countries in the world.

[TeslaGod]

Option 1:
Regulate private landlords out of the market increasing home ownership above 80% crashing the economy making NZ a less desirable place to live.

Option 2: Increase OCR, LVRs, DTI,pricing landlords and first home owners out of the market creating a genuine class society.

Option 3:Let the free market reign having no restrictions ,landlords cannibalize themselves pushing down rents giving choices and options for renters and first time home buyers.

Option 4: A steady increase in regulation, a capital gains tax on unrealized gains, building compliance to meet green house emissions. An eventual buy out by government leaving a fully state controlled housing market.

[TeslaGod]

Option 1:
Regulate private landlords out of the market increasing home ownership above 80% crashing the economy making NZ a less desirable place to live.

Option 2: Increase OCR, LVRs, DTI,pricing landlords and first home owners out of the market creating a genuine class society.

Option 3:Let the free market reign having no restrictions ,landlords cannibalize themselves pushing down rents giving choices and options for renters and first time home buyers.

Option 4: A steady increase in regulation, a capital gains tax on unrealized gains, building compliance to meet green house emissions. An eventual buy out by government leaving a fully state controlled housing market.

I personally think we are at the beginning stages of option 2 leading eventually to option 4.

[Bjauck]

The New Zealand housing market is capitalism at its finest....

That is ironic. What we have in NZ is the State providing the regulatory, fiscal and monetary conditions over the years that have commoditised housing as the prime investment for NZers. Our housing markets are the result of State manipulation of markets in both a direct and indirect manner.