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Revealed: Landlord tax cuts will cost hundreds of millions more than ACT, National campaigned on (www.newshub.co.nz)

submitted 8 months ago by [email protected] to c/[email protected]

24 comments fedilink hide all child comments

They knew what the true cost would be and hid it.

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[–] [email protected] 15 points 8 months ago (2 children)

Landlord tax cuts? You've got to be shitting me why are they getting tax cuts

[–] [email protected] 8 points 8 months ago (1 children)

I'm from a completely different continent, but still feel pretty confident in answering "because National is a bunch of corrupt demagogues who are against everything good and in favor of everything bad".

How close am I?

[–] [email protected] 4 points 8 months ago (1 children)

pretty spot on sadly

[–] [email protected] 2 points 8 months ago

Yikes! It's even worse than I thought! 😬

[–] [email protected] 8 points 8 months ago (1 children)

The real estate industry as a whole donated heavily to both National and Act. Not just landlords, but also estate agents etc. They desperately want more activity in the property market even if it means house prices start going up again.

[–] [email protected] 6 points 8 months ago

even if it means house prices start going up again

They definitely want house prices to start going up again.

National campaigned on several measures that have a known effect of raising house prices e.g. narrowing the RBNZ mandate, moving the bright line test, reintroducing tax incentives.