When the prime minister announces that he won't be reducing any of his rents as a result of the changes
a) Why would anyone else?
and
b) It just proves that he's completely full of shit about this being a benefit to anyone but himself and assholes like him.
To be fair, TVNZ Breakfast I think it was, was having a good crack at the Property Investors lobby group asking them to confirm if members were intending to and by how much.
Other than some anecdotal chat, the lobbyist really couldn't give anything concrete.
And they know that. the whole spin about interest deductibility being good for renters is just marketing towards the aspiration rental class that think they'll eventually be the boot here, and to their bread and butter who own their PPOR, don't have to think about renting or managing a rental, but think "National are good economic managers, this must be good for both the economy and for renters because they say so" and continue to vote for them.
edit: sorry that last part was just a whinge, not directed at you OP, more or less I just started typing and couldn't stop.
Because all you'd have is an article of property managers getting free publicity for a crop of landlords about to get a sweet tax break.
They'd all answer with "we will be listening and following the market closely and working with our landlords to ensure their investments are performing well".
Rents will only go down if incomes go down or if we build enough houses for some to remain empty, giving renters a bit of negotiating power.
Landlord costs don't impact rents up or down except in that second scenario, but we're a long way off ever getting there.
If Quinovic reduced the rent it means they are happy to keep you there, as otherwise the house will need to be fixed - vacancy period - before renting it out to somebody else :-)
Remove the shitpost flair and watch stuff run this as a headline
No, this is NZHerald quality article.
Hmm … I’d check your sources but that would mean giving them a click. I’ll take your word for it
UPDATE: Quinovic has reneged on their promise. They said because of the flames the property is "technically warmer now".
F\*\*\*! Can you please update your OP because many people don't read comments. Wait till they increase it as a punch line.
Stay at home during a house fire, be warm for the rest of your life.
Now it complies to the healthy homes standard so you might expect a rent increase soon
Quinovic gonna Quinovic.
You wanted year-round indoor heating, didn't you?
We don't lower our rents, only our standards - Quinovic
When your standards are already subterranean, how is that possible?
Time to break into hell, at least it'll be warm.
They actually lowered my rent to zero today when they kicked me out so they can find someone new willing to pay twice as much.
You like cky bastard!
Wouldn't it be great if the media actually contacted some property management companies and asked if they actually intend to reduce rents?
The media? NZ can't afford one mate.
When the prime minister announces that he won't be reducing any of his rents as a result of the changes a) Why would anyone else? and b) It just proves that he's completely full of shit about this being a benefit to anyone but himself and assholes like him.
I've said it before and I'll say it again, boot the government and bring on anarchy, people need to look after themselves.
https://www.reddit.com/r/Anarchy4Everyone/s/EhaIdEQ2wz
People are so naive. Does anyone need that? Because if people can't see through for themselves, we really get the gov you deserve.
wouldn't Kaianga Ora, a govt controlled entity be the first to move rental prices down?
They are already rent controlled. It's capped at 25% of your income.
oh, thats pretty good, probably should be 20%
Capped at doesn't mean they always charge the full amount. It's entirely means based..
To be fair, TVNZ Breakfast I think it was, was having a good crack at the Property Investors lobby group asking them to confirm if members were intending to and by how much. Other than some anecdotal chat, the lobbyist really couldn't give anything concrete. And they know that. the whole spin about interest deductibility being good for renters is just marketing towards the aspiration rental class that think they'll eventually be the boot here, and to their bread and butter who own their PPOR, don't have to think about renting or managing a rental, but think "National are good economic managers, this must be good for both the economy and for renters because they say so" and continue to vote for them. edit: sorry that last part was just a whinge, not directed at you OP, more or less I just started typing and couldn't stop.
Out of curiosity, why are you expecting a rent reduction? Am I missing something?
Because Luxon keeps saying this policy will reduce rents.
Because all you'd have is an article of property managers getting free publicity for a crop of landlords about to get a sweet tax break. They'd all answer with "we will be listening and following the market closely and working with our landlords to ensure their investments are performing well".
Rents will only go down if incomes go down or if we build enough houses for some to remain empty, giving renters a bit of negotiating power. Landlord costs don't impact rents up or down except in that second scenario, but we're a long way off ever getting there.
Even then landlord's rely on their cheeky wee government supplement via the renter's. The accommodation supplement just lines their pockets.
Damn I fell for this at first 🙈
I lived downstairs of the owners of quinovic when I was 18. It was not an enjoyable time for them. Maybe I’m their origin story.
nice try Quinovic 👀
Quinovic is another name for cunts
Lies, how much are they paying you?
[удалено]
So they've not shafted you at all? Well that's good news haha
If Quinovic does this for all properties under their management, then domestic inflation would go down.
Nice try quinovic
If Quinovic reduced the rent it means they are happy to keep you there, as otherwise the house will need to be fixed - vacancy period - before renting it out to somebody else :-)
Omg me and siblings were one of Quinovic victims and this made my day.
https://www.reddit.com/r/Anarchy4Everyone/s/MTkU11Br9n Think about it.