if government make interest no longer deductable for investment property?

bungyjumping999

http://www.nzherald.co.nz/proper ... p;objectid=11631844

If the government declares mortgage interest is no longer deductible from investment properties, what will happen?

example :  5 investment property , say at $2.5 million on mortgage interest @ 4.5% = $112,500.00 p.a

if this $112,5000.00 is no longer deductible from investors' rent received, this is going to burn a hole in the investors' pockets.

NewLynnHse

不痛不痒的

bungyjumping999

NewLynnHse 发表于 2016-5-2 07:55
不痛不痒的

1-4 investment properties -------->不痛不痒的

5- 10 investment properties ------------> will have impact.

10- 20 investment properties ------------> will be worrying.
20 - 30 investment properties -----------> oh shit..

NewLynnHse

bungyjumping999 发表于 2016-5-2 07:59
1-4 investment properties -------->不痛不痒的

5- 10 investment properties ------------> will have  ...

exactly, I'm in group 1...haha

阿海

If they do this

I will vote for someone else

And I will lobby ALL my property investing friends to do the same

As well as on forums and social media

John Key is not dumb

kyro

都是吸血的主

liuruihua

阿海 发表于 2016-5-2 08:37
If they do this

I will vote for someone else

John Key really should do that. If he do that, I will vote National Party next time. I support normal people have their own house. This will add stablity to our society.
It is ok for me not deduct interest from my investment of the house.

狂奔的蜗牛!!!

山雨欲来风满楼！

ThinkOutLoud

不切实际的NZHeral小编. 先说说TA自己是租房 还是自住房   

kirikiri

liuruihua 发表于 2016-5-2 09:11
John Key really should do that. If he do that, I will vote National Party next time. I support norm ...

agreeeeeeeeeeeeeeeeeeeeeeeeee

wnin001

打击面太大，不可能实行的。如果真有这样的政策，从一开始就会引起大讨论和反对， 那才真是引起社会动荡。  

bungyjumping999

We don't know what the government will do :-

The following factors are circling in their minds:-

1) to punish foreign investors ? are there facts justifying that? eg land tax

2) to punish local investors from moderate to severe ? mum and dad investors with 1-3 investment properties are less affected but punishing people with more than 5 investment properties and using high volume of mortgage debt, and this policy will force many of them to sell / liquidate hence increase market supply.

3) to win the hearts of common people who are into first home buying?

I have seen government policy changes over the years that will surprise many people...... i won't say never, will not happen,  the recent house price increase is making many people sleepless.

wnin001

bungyjumping999 发表于 2016-5-2 10:06
We don't know what the government will do :-

The following factors are circling in their minds:-

Only if this “so-called” policy targets the future purchase…For example starting from 1/1/2017, any rental property falls into the category of “exception of interest deductible”. All other rental properties purchased before 1/1/2017 remain the same.

Two points to argue
1, ALL landlords are to be targeted, including the mum and dad investors. A big chunk of population will have sleepless nights, and they are to be sacrificed for others’ sleeps. What is the point? Why could government do such thing?
2, A dramatic change or fluctuation in property market is NEVER good for economy and society.  

ThinkOutLoud

wnin001 发表于 2016-5-2 11:00
Only if this “so-called” policy targets the future purchase…For example starting from 1/1/2017, ...

The market would become crazy until 1/1/2017......

wnin001

ThinkOutLoud 发表于 2016-5-2 11:16
The market would become crazy until 1/1/2017......

Yeah you are right…almost everyone will be affected, tenants (rental) and landlords (income).

bungyjumping999

Evan.She 发表于 2016-5-2 10:45
如果这个政策实行了，房东们的第一反应就是涨房租，羊毛出在羊身上。

Very much as investor, I will say the same thing " increase rent"

- However, there is a limit of how high rent going to be increased, facing with pressure, many investors will look after its own backyard to get property rented out. Many will press panic button the moment the property is vacant for 1- 2 weeks.

剑客浪心

NewLynnHse 发表于 2016-5-2 08:01
exactly, I'm in group 1...haha

老鼠放货出去了吗？你怎么会是第一梯队？

NewLynnHse

剑客浪心 发表于 2016-5-2 13:41
老鼠放货出去了吗？你怎么会是第一梯队？

没啊，我本来就没买太多。。。哈哈

NewLynnHse

bungyjumping999 发表于 2016-5-2 13:36
Very much as investor, I will say the same thing " increase rent"

- However, there is a limit of  ...

well, these are all just theories, the only way to know what's gonna happen is to just implement them...lol

Tasmansea975

It is an incredible saying that the interest is no longer to be deductible.

If all expenses including interest were not deductible, the rental income should be exempted. If the rental income was exempted, the rent would be increased dramatically.

NewLynnHse

阿海 发表于 2016-5-2 08:37
If they do this

I will vote for someone else

你未必能赢。。。哈哈，要看空军的人数，有投资房的有一部分可能也会支持空军

阿海

NewLynnHse 发表于 2016-5-3 08:06
你未必能赢。。。哈哈，要看空军的人数，有投资房的有一部分可能也会支持空军 ...

有房的人还是很多的。

还有很多business自己也有房。

政党的经费哪来的？

有钱人捐的  ;-)

狂奔的蜗牛!!!

就不知道为什么澳大利亚对海外投资那么严格，只准买新房？新西兰可能会向他们学。

nasi_chilli

liuruihua 发表于 2016-5-2 09:11
John Key really should do that. If he do that, I will vote National Party next time. I support norm ...

I m in group 1 haha but u r right the poor are the majority. If John key really implement this policy, he will stand a chance next year. Foreign buyer, high house price has disrupted many young life. My family is voting green next election just because I voted Nat 3 times. I do not wish Nats hold power for too long and become arrogant and corrupted like umno

小呢呢

海哥的意思是。。。豆腐教每年向国家党交保护费了？

NewLynnHse

nasi_chilli 发表于 2016-5-3 23:36
I m in group 1 haha but u r right the poor are the majority. If John key really implement this pol ...

alamak abang, seriously you think the other parties are not corrupted? *faint*...lol

我真不是孙红雷

澳洲昨天减息到1.75%了，今天夜里新西兰乳制品拍卖价格又降低了，大家还担心什么利率啊？

NewLynnHse

我真不是孙红雷 发表于 2016-5-4 04:31
澳洲昨天减息到1.75%了，今天夜里新西兰乳制品拍卖价格又降低了，大家还担心什么利率啊？ ...

low low low，乳制品没人要啦啦啦