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-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
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