I'm seeing heaps of ads on FaceBurp atm for 'Property Investor Seminars' etc. So many, that I no have a copy n paste comment (hoping they'll block me so I don;t see their ads any more);
Ha. Everybody knows this is really all about tax free capital gains. Everybody knows they aren’t there any more. Everybody knows that buying a home you don’t want to live in is now a fools game. As a country we need to STOP this idiotic fixation with ‘investing’ in rentals and invest savings (remember those?) in something more productive. One thing Aotearoa does not need is more landlords.
Here’s the 10 things you should know about ‘investing’ in rental property;
1. Don’t.
2. No, really, don’t. The tax free capital gains you want just aren’t there any more.
3. If you borrow even a cent to buy a rental, you’ll lose money.
4. The only winners are the Australian owned banks. You are causing money to leave Aotearoa.
5. You are causing Kiwis to leave their home country too, by pushing up house prices.
6. Those Kiwis could include your kids and grandkids.
7. Yeah. If you only get to see your grandies grow up once a year when you fly out, don’t complain. It’s your own fault.
8. It also means some of our brightest and ablest leave the country, so don’t contribute to NZ economically any more. We all suffer (including you).
9. You won’t have any savings that you can put in productive investments (eg. companies that actually produce stuff like furniture from our wood, cheese from our milk, software sold overseas - companies that need funds to grow and be successful domestically and on the world stage). If those companies had better access to the funds that landlords tie up in rentals, the whole country would be better off with improved productivity and standard of living (including you).
10. These guys just want your money. They have figured out there is no money in ‘investing’ in rentals, just in telling other people about it.
I'm seeing heaps of ads on FaceBurp atm for 'Property Investor Seminars' etc. So many, that I no have a copy n paste comment (hoping they'll block me so I don;t see their ads any more);
Ha. Everybody knows this is really all about tax free capital gains. Everybody knows they aren’t there any more. Everybody knows that buying a home you don’t want to live in is now a fools game. As a country we need to STOP this idiotic fixation with ‘investing’ in rentals and invest savings (remember those?) in something more productive. One thing Aotearoa does not need is more landlords.
https://www.bloomberg.com/news/articles/2022-10-04/new-zealand-house-prices-suffer-near-record-quarterly-slump
https://www.newsroom.co.nz/the-tide-has-turned-on-the-housing-tsunami?
Here’s the 10 things you should know about ‘investing’ in rental property;
1. Don’t.
2. No, really, don’t. The tax free capital gains you want just aren’t there any more.
3. If you borrow even a cent to buy a rental, you’ll lose money.
4. The only winners are the Australian owned banks. You are causing money to leave Aotearoa.
5. You are causing Kiwis to leave their home country too, by pushing up house prices.
6. Those Kiwis could include your kids and grandkids.
7. Yeah. If you only get to see your grandies grow up once a year when you fly out, don’t complain. It’s your own fault.
8. It also means some of our brightest and ablest leave the country, so don’t contribute to NZ economically any more. We all suffer (including you).
9. You won’t have any savings that you can put in productive investments (eg. companies that actually produce stuff like furniture from our wood, cheese from our milk, software sold overseas - companies that need funds to grow and be successful domestically and on the world stage). If those companies had better access to the funds that landlords tie up in rentals, the whole country would be better off with improved productivity and standard of living (including you).
10. These guys just want your money. They have figured out there is no money in ‘investing’ in rentals, just in telling other people about it.
very very cool