Quote Originally Posted by Balance View Post
Who ultimately paid the price for Labour’s policy of disallowing interest deductions for rental providers?

Answer : the renters who have seen their rents increased by over 12.3% since Labour announced the loss of interest deductibility.

Net net : renters not only lose big time but there’s a rental shortage out there due to less investment by rental providers.

And where did Robertson & co spent the increased tax take from rental providers?

Answer : Billions of dollars to fat cat consultants, more civil servants and emergency housing providers.

Unintended consequences - as usual from Labour.
So, with the reversal, rents will come down? Tui ad coming up.
The Govt sidesteps that question each and every time.

More 1st home buyers - intended consequence.

Expect to see rents continue to rise along with house prices as LLs outbid each other.