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How many investment properties is too many?
#33
If a politician owns several properties, & is clearly wealthy but opposes a wage increase for those on the lowest wages then I believe that makes it everyone's business. Most of us want to know a bit about what kind of person we may or may not vote for which is fair enough.

Germany isn't the only country to have tradition of renting for life - France also does, & the Swiss have Europe's lowest percentage of home owners, with around 59% preferring to rent.

https://www.swissinfo.ch/eng/land-of-les...s/43861460

https://www.independent.co.uk/property/h...91077.html


It isn't only that people here 'spend money frivolously; it is also that effectively they're barred from the property market because these days it takes considerably more to be able to buy a house than in the past. An entire decade of saving & an above average income is required to buy a house in Auckland for example.
The increase in house prices can't fairly be blamed solely on this govt, despite their muckups; the housing situation has grown steadily worse over the past few decades, rather than beginning at the precise moment this govt took office.


https://thespinoff.co.nz/money/06-07-202...a-nz-house

https://www.stuff.co.nz/business/money/1...n-auckland

No one 'hates landlords' fgs. Very fanciful comment.

I've no intention of stopping telling this or any future govt to FIX things; that IS their job. They're not in office to run the country like a business; they're there to fix the damage done by that very attitude.

And if you genuinely think this is a 'socialist govt' then I'd suggest some reading might be in order.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)
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RE: How many investment properties is too many? - by Lilith7 - 04-12-2021, 02:24 PM

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