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Bevan Morgan@bevanmorgan.bsky.social |
PM Luxon says that tax relief for landlords will create ‘downward pressure’ - cagey words implying rents will go down. H/ever, he also says removing GST on produce is a waste, as retailers will absorb the difference. Then…why won’t landlords do the same? #nzpol
www.maoriparty.org.nz/gst_free_kai...
1 replies 4 reposts 21 likes
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Helena Love 🐦⬛🦋🌈🌈🌈🌈🌈🌈🌈
@helena-love.bsky.social
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Downward pressure just means they won’t increase as fast or as much (hopefully🤞) It’s political speak to justify their policy However because of the housing supply issue and the reduction of the brightline to two years it will just enable more property speculation
0 replies 0 reposts 1 likes