evanuggetpi@lemmy.nz to Aotearoa / New Zealand@lemmy.nz · 1 year agoMega Landlords: investor stops buying after tax change, renovating insteadwww.stuff.co.nzexternal-linkmessage-square14fedilinkarrow-up152arrow-down11
arrow-up151arrow-down1external-linkMega Landlords: investor stops buying after tax change, renovating insteadwww.stuff.co.nzevanuggetpi@lemmy.nz to Aotearoa / New Zealand@lemmy.nz · 1 year agomessage-square14fedilink
minus-squareIlovethebomb@lemmy.nzlinkfedilinkarrow-up2·1 year agoAssuming those people are in a position to buy, which a lot of people aren’t.
minus-squareMojojojo1993@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoBut a lot are. More houses means competition hopefully and pushing house prices down. Not up
minus-squareRegalPotoo@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoBecause the property market is overcooked because it’s oversaturated with speculators trying to rake in those sweet sweet tax free gains rather than doing something productive with their capital
Assuming those people are in a position to buy, which a lot of people aren’t.
But a lot are. More houses means competition hopefully and pushing house prices down. Not up
Because the property market is overcooked because it’s oversaturated with speculators trying to rake in those sweet sweet tax free gains rather than doing something productive with their capital