OCA - Oceania Group - retirement villages

[Waltzing]

Oh Dear "absolute dog's breakfast".

no doubt in a week or two we will see the auction numbers on Interest.co.nz

well perhaps we will see a slow creep up in some good commercial prop stock.. bought more KPG today...

even WBC went up... sold some more that came into profit.

Could all those farmers , business owners and Boomers now feel unsafe?

Polls could change again.

[dobby41]

Yields will be calculated on newer values after moving upwards as well

Which is why Brian Fallow suggested today in the Herald (paywall) that property investors shouldn't be able to deduct interest costs because the borrowed money was used mainly for the capital gain.
It was an interesting opinion piece.

[dobby41]

Rents like property prices move up in unison.

But people are saying that prices will stagnate or go down but rents will go up?

[nztx]

Which is why Brian Fellow suggested today in the Herald (paywall) that property investors shouldn't be able to deduct interest costs because the borrowed money was used mainly for the capital gain.
It was an interesting opinion piece.

How many properties does he own .. or does the early morning walk just take him past a few ?

[nztx]

But people are saying that prices will stagnate or go down but rents will go up?

Captive Renter audience not going anywhere fast .. sort of insulates pricing

Insurers, Banks, Govt Regulation & Local Body sticky fingers will always ensure upwards rents hooked to spiralling costs

It dont look good for Renters who will be receiving end of that lot and then some more from the most recent lot ontop coming

[nztx]

More Rental Happiness



https://www.stuff.co.nz/life-style/h...a-bitter-taste

Family that bought house for homeless parents say tax changes leave 'a bitter taste'


https://www.stuff.co.nz/pou-tiaki/12...r-and-baby-son

'Suitable for two tenants', just not a single mother and baby son


HAPPY PEOPLE EVERYWHERE

[winner69]

Never thought about it - I assume the BL test applies on homes owned in partnership with say the kids, even if the property is the their family home.

[Bjauck]

Which is why Brian Fellow suggested today in the Herald (paywall) that property investors shouldn't be able to deduct interest costs because the borrowed money was used mainly for the capital gain.
It was an interesting opinion piece.

I wonder if more landlords will decide the hassle of tenants is too much now - especially if mortgage interest cannot be deducted from gross rent. So will the next step be to impose a tax on owning empty non-tenanted houses to stop the rental housing pool from shrinking.

To test the waters, Maybe the government should have phased in their reform by allowing only 50% of interest to be deductible from rent. With the other 50% to be deductible from bright line taxable capital gains on sale if any.

[Joshuatree]

Wake me up when someone mentions OCA. Yawn.

Exactly. a bunch of political stool pigeons fouling up the place with their rentals.Sure you do ,poop; theres another materialistic bubble.

[Balance]

But people are saying that prices will stagnate or go down but rents will go up?

Cost recovery (as in no tax deduction on interest) just as the costs of compulsory insulation, heat pump and steam extractor have been passed onto tenants.

Obviously only able to do so when there's a housing shortage - you see any possibility of the housing shortage becoming a surplus?