• Re: Labour can build a house for =?UTF-8?B?JDIwa++/vS4=?= Labour maths

    From Allistar@3:770/3 to All on Thursday, July 14, 2016 11:12:17
    Rich80105 wrote:

    On Thu, 14 Jul 2016 09:17:51 +1200, george152 <gblack@hnpl.net> wrote:

    On 7/13/2016 7:06 PM, Liberty wrote:

    "back to the topic of the thread - political plans to build houses! "
    Rich you are posting twaddle.
    The topic was
    "Labour can build a house for $20k…. Labour maths"


    Rich only adds to the merriment with his solid denial of the basics.. >>Liebor have claimed that they will build thousands of 'affordable' houses. >>Average price of land and building around $500,000..
    That is NOT affordable but it's what the market is...

    First there are two ways of making something afofordable - lower the
    price or increase the income.

    You mean "increase the take home income". Labour and the Green's want to increase income tax which would decrease the tax home income. How do they
    think that would improve housing affordability?

    Second it appears that you do not accept that the market would be
    influenced by building a lot of houses - strange how the "free-market'
    Nats rely on government handouts to landlords (WFF, accomodation
    supplements) to increase profits . . .

    It's not a free market while there are WFF and accommodation supplements.

    National also claim that they plan exactly the same as Labour
    (although their number for capital varies from $1 billion to $1.9bn to
    $2 billion depending on which Minister you talk to), . . . Are you
    saying National is lying?

    They are politicians, of course they are.
    --
    "From each according to his abilities, to each according to his needs."
    creates the incentive to minimize your abilities and maximize your needs.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Rich80105@3:770/3 to All on Thursday, July 14, 2016 13:08:40
    On Thu, 14 Jul 2016 11:12:17 +1200, Allistar <me@hiddenaddress.com>
    wrote:

    Rich80105 wrote:

    On Thu, 14 Jul 2016 09:17:51 +1200, george152 <gblack@hnpl.net> wrote:

    On 7/13/2016 7:06 PM, Liberty wrote:

    "back to the topic of the thread - political plans to build houses! "
    Rich you are posting twaddle.
    The topic was
    "Labour can build a house for $20k?. Labour maths"


    Rich only adds to the merriment with his solid denial of the basics.. >>>Liebor have claimed that they will build thousands of 'affordable' houses. >>>Average price of land and building around $500,000..
    That is NOT affordable but it's what the market is...

    First there are two ways of making something afofordable - lower the
    price or increase the income.

    You mean "increase the take home income". Labour and the Green's want to >increase income tax which would decrease the tax home income. How do they >think that would improve housing affordability?

    Those seeking to buy a house are only concerned about after tax
    incomes, but that does not mean that taxes ae the only way to increase incomes..

    Second it appears that you do not accept that the market would be
    influenced by building a lot of houses - strange how the "free-market'
    Nats rely on government handouts to landlords (WFF, accomodation
    supplements) to increase profits . . .

    It's not a free market while there are WFF and accommodation supplements. Exactly. What started as a way to offset low incomes has become a much
    more pervasive crutch/subsidy to employers under National, and
    accomodation suplements have also increased enormously. The problem is
    that the government refuses to consider alternatives; they are too
    wedded to rentier incomes and crony capitalism.


    National also claim that they plan exactly the same as Labour
    (although their number for capital varies from $1 billion to $1.9bn to
    $2 billion depending on which Minister you talk to), . . . Are you
    saying National is lying?

    They are politicians, of course they are.
    I disagree - there are some politicians in both Labour and National
    who are honestly doing their best - sadly that is clearly not the case
    with John Keys refusal to accept the reality of a housing crisis which
    has been exacerbated by their "do nothing" approach to problems that
    do not affect their base - National knows that many of their
    supporeters in Auckland are very happy at their increasing propoerty
    values . . .

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Allistar@3:770/3 to All on Thursday, July 14, 2016 13:45:03
    Rich80105 wrote:

    On Thu, 14 Jul 2016 11:12:17 +1200, Allistar <me@hiddenaddress.com>
    wrote:

    Rich80105 wrote:

    On Thu, 14 Jul 2016 09:17:51 +1200, george152 <gblack@hnpl.net> wrote:

    On 7/13/2016 7:06 PM, Liberty wrote:

    "back to the topic of the thread - political plans to build houses! " >>>>> Rich you are posting twaddle.
    The topic was
    "Labour can build a house for $20k?. Labour maths"


    Rich only adds to the merriment with his solid denial of the basics.. >>>>Liebor have claimed that they will build thousands of 'affordable' >>>>houses. Average price of land and building around $500,000..
    That is NOT affordable but it's what the market is...

    First there are two ways of making something afofordable - lower the
    price or increase the income.

    You mean "increase the take home income". Labour and the Green's want to >>increase income tax which would decrease the tax home income. How do they >>think that would improve housing affordability?

    Those seeking to buy a house are only concerned about after tax
    incomes, but that does not mean that taxes ae the only way to increase incomes..

    Raising income tax reduces the affordability of housing. Labour and the
    Green's want to do that.

    Second it appears that you do not accept that the market would be
    influenced by building a lot of houses - strange how the "free-market'
    Nats rely on government handouts to landlords (WFF, accomodation
    supplements) to increase profits . . .

    It's not a free market while there are WFF and accommodation supplements.

    Exactly. What started as a way to offset low incomes has become a much
    more pervasive crutch/subsidy to employers under National, and
    accomodation suplements have also increased enormously. The problem is
    that the government refuses to consider alternatives; they are too
    wedded to rentier incomes and crony capitalism.

    These failed policies are from the left. They should be abandoned to reduce
    the welfare spend so that taxes can be reduced, take home incomes can rise
    and houses can become more affordable.

    National also claim that they plan exactly the same as Labour
    (although their number for capital varies from $1 billion to $1.9bn to
    $2 billion depending on which Minister you talk to), . . . Are you
    saying National is lying?

    They are politicians, of course they are.

    I disagree - there are some politicians in both Labour and National
    who are honestly doing their best - sadly that is clearly not the case
    with John Keys refusal to accept the reality of a housing crisis which
    has been exacerbated by their "do nothing" approach to problems that
    do not affect their base - National knows that many of their
    supporeters in Auckland are very happy at their increasing propoerty
    values . . .

    What's needed is a massive correction in house prices. The only way houses
    will become affordable is for house prices to fall considerably.
    Unfortunately doing that would be disastrous for the economy.
    --
    "From each according to his abilities, to each according to his needs."
    creates the incentive to minimize your abilities and maximize your needs.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From JohnO@3:770/3 to Allistar on Wednesday, July 13, 2016 19:36:07
    On Thursday, 14 July 2016 13:45:12 UTC+12, Allistar wrote:
    Rich80105 wrote:

    On Thu, 14 Jul 2016 11:12:17 +1200, Allistar <me@hiddenaddress.com>
    wrote:

    Rich80105 wrote:

    On Thu, 14 Jul 2016 09:17:51 +1200, george152 <gblack@hnpl.net> wrote: >>>
    On 7/13/2016 7:06 PM, Liberty wrote:

    "back to the topic of the thread - political plans to build houses! " >>>>> Rich you are posting twaddle.
    The topic was
    "Labour can build a house for $20k?. Labour maths"


    Rich only adds to the merriment with his solid denial of the basics.. >>>>Liebor have claimed that they will build thousands of 'affordable' >>>>houses. Average price of land and building around $500,000..
    That is NOT affordable but it's what the market is...

    First there are two ways of making something afofordable - lower the
    price or increase the income.

    You mean "increase the take home income". Labour and the Green's want to >>increase income tax which would decrease the tax home income. How do they >>think that would improve housing affordability?

    Those seeking to buy a house are only concerned about after tax
    incomes, but that does not mean that taxes ae the only way to increase incomes..

    Raising income tax reduces the affordability of housing. Labour and the Green's want to do that.

    Second it appears that you do not accept that the market would be
    influenced by building a lot of houses - strange how the "free-market' >>> Nats rely on government handouts to landlords (WFF, accomodation
    supplements) to increase profits . . .

    It's not a free market while there are WFF and accommodation supplements.

    Exactly. What started as a way to offset low incomes has become a much
    more pervasive crutch/subsidy to employers under National, and
    accomodation suplements have also increased enormously. The problem is
    that the government refuses to consider alternatives; they are too
    wedded to rentier incomes and crony capitalism.

    These failed policies are from the left. They should be abandoned to reduce the welfare spend so that taxes can be reduced, take home incomes can rise and houses can become more affordable.

    National also claim that they plan exactly the same as Labour
    (although their number for capital varies from $1 billion to $1.9bn to >>> $2 billion depending on which Minister you talk to), . . . Are you
    saying National is lying?

    They are politicians, of course they are.

    I disagree - there are some politicians in both Labour and National
    who are honestly doing their best - sadly that is clearly not the case
    with John Keys refusal to accept the reality of a housing crisis which
    has been exacerbated by their "do nothing" approach to problems that
    do not affect their base - National knows that many of their
    supporeters in Auckland are very happy at their increasing propoerty
    values . . .

    What's needed is a massive correction in house prices. The only way houses will become affordable is for house prices to fall considerably. Unfortunately doing that would be disastrous for the economy.

    Indeed. It seems that the likes of Grimes and co. would like to instigate a local version of the GFC.

    --
    "From each according to his abilities, to each according to his needs." creates the incentive to minimize your abilities and maximize your needs.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Rich80105@3:770/3 to All on Thursday, July 14, 2016 15:27:56
    On Wed, 13 Jul 2016 19:36:07 -0700 (PDT), JohnO <johno1234@gmail.com>
    wrote:

    On Thursday, 14 July 2016 13:45:12 UTC+12, Allistar wrote:
    Rich80105 wrote:

    On Thu, 14 Jul 2016 11:12:17 +1200, Allistar <me@hiddenaddress.com>
    wrote:

    Rich80105 wrote:

    On Thu, 14 Jul 2016 09:17:51 +1200, george152 <gblack@hnpl.net> wrote: >> >>>
    On 7/13/2016 7:06 PM, Liberty wrote:

    "back to the topic of the thread - political plans to build houses! " >> >>>>> Rich you are posting twaddle.
    The topic was
    "Labour can build a house for $20k?. Labour maths"


    Rich only adds to the merriment with his solid denial of the basics..
    Liebor have claimed that they will build thousands of 'affordable'
    houses. Average price of land and building around $500,000..
    That is NOT affordable but it's what the market is...

    First there are two ways of making something afofordable - lower the
    price or increase the income.

    You mean "increase the take home income". Labour and the Green's want to >> >>increase income tax which would decrease the tax home income. How do they >> >>think that would improve housing affordability?

    Those seeking to buy a house are only concerned about after tax
    incomes, but that does not mean that taxes ae the only way to increase
    incomes..

    Raising income tax reduces the affordability of housing. Labour and the
    Green's want to do that.

    Raising GST had more impact. Labour/Green have posken more of getting
    companies and high wealth individuals to pay a fairer level of tax.
    The problem is not so much the rates of income tax as the ability to
    reduce taxable income. National made a presumption that some
    propoerties sold within 2 ears of purchase should be liable for tax on
    capital gains - Labour wants to increse that to five years, and there
    seems to be agreement that such an increase is desirable but may not
    go far enough. Limiting the ability to offset losses on propoerty
    investments to offset other income has also been welcomed in concept.
    Neither will affect those trying to purchase a home to live in.


    Second it appears that you do not accept that the market would be
    influenced by building a lot of houses - strange how the "free-market' >> >>> Nats rely on government handouts to landlords (WFF, accomodation
    supplements) to increase profits . . .

    It's not a free market while there are WFF and accommodation supplements. >>
    Exactly. What started as a way to offset low incomes has become a much
    more pervasive crutch/subsidy to employers under National, and
    accomodation suplements have also increased enormously. The problem is
    that the government refuses to consider alternatives; they are too
    wedded to rentier incomes and crony capitalism.

    These failed policies are from the left. They should be abandoned to reduce >> the welfare spend so that taxes can be reduced, take home incomes can rise >> and houses can become more affordable.
    One of the effects on incomes for those strugglig to get into the
    housing market was the increase in GST - do you want that reversed?


    National also claim that they plan exactly the same as Labour
    (although their number for capital varies from $1 billion to $1.9bn to >> >>> $2 billion depending on which Minister you talk to), . . . Are you
    saying National is lying?

    They are politicians, of course they are.

    I disagree - there are some politicians in both Labour and National
    who are honestly doing their best - sadly that is clearly not the case
    with John Keys refusal to accept the reality of a housing crisis which
    has been exacerbated by their "do nothing" approach to problems that
    do not affect their base - National knows that many of their
    supporeters in Auckland are very happy at their increasing propoerty
    values . . .

    What's needed is a massive correction in house prices. The only way houses >> will become affordable is for house prices to fall considerably.
    Unfortunately doing that would be disastrous for the economy.

    Indeed. It seems that the likes of Grimes and co. would like to instigate a local version of the GFC.
    Which probably makes you think he is a raving leftie. All he wants is
    to let market forces work without the biasses in the current system
    lovingly retained by National


    --
    "From each according to his abilities, to each according to his needs."
    creates the incentive to minimize your abilities and maximize your needs.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Liberty@3:770/3 to rich80105@hotmail.com on Thursday, July 14, 2016 16:17:35
    On Thu, 14 Jul 2016 15:27:56 +1200, Rich80105<rich80105@hotmail.com> wrote:

    there
    seems to be agreement that such an increase is desirable but may no

    "There seems to be agreement that such an increase is desirable"
    Cite who agrees with an increase.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Liberty@3:770/3 to Allistar on Thursday, July 14, 2016 15:32:18
    On Thu, 14 Jul 2016 13:45:03 +1200, Allistar <me@hiddenaddress.com> wrote:



    What's needed is a massive correction in house prices. The only way houses >will become affordable is for house prices to fall considerably. >Unfortunately doing that would be disastrous for the economy.
    :Unfortunately doing that would be disastrous for the economy"

    It will only be disastrous for those who paid too much.
    And the banks who lent on an over inflated house.
    The warning bells have been sounding for years.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From george152@3:770/3 to Liberty on Friday, July 15, 2016 08:45:20
    On 7/14/2016 3:32 PM, Liberty wrote:

    It will only be disastrous for those who paid too much.
    And the banks who lent on an over inflated house.
    The warning bells have been sounding for years.


    No matter if you paid to much.
    You still have a house.
    When I bought mine in 1979 I paid something like 20% plus mortgage while friends were just renting.
    I have a house and those friends are still renting.
    There are always warning bells

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Allistar@3:770/3 to Liberty on Friday, July 15, 2016 11:16:04
    Liberty wrote:

    On Thu, 14 Jul 2016 13:45:03 +1200, Allistar <me@hiddenaddress.com> wrote:



    What's needed is a massive correction in house prices. The only way houses >>will become affordable is for house prices to fall considerably. >>Unfortunately doing that would be disastrous for the economy.
    :Unfortunately doing that would be disastrous for the economy"

    It will only be disastrous for those who paid too much.

    Which is pretty much everyone that has bought a house in the last 10 years.

    And the banks who lent on an over inflated house.
    The warning bells have been sounding for years.

    Yes. But should a correct in prices occur and banks start calling on the
    loans, it'll be disastrous for the economy. Mortgagee sales, bankruptcies, failed banks.
    --
    "From each according to his abilities, to each according to his needs."
    creates the incentive to minimize your abilities and maximize your needs.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Allistar@3:770/3 to All on Friday, July 15, 2016 11:21:50
    Rich80105 wrote:

    On Wed, 13 Jul 2016 19:36:07 -0700 (PDT), JohnO <johno1234@gmail.com>
    wrote:

    On Thursday, 14 July 2016 13:45:12 UTC+12, Allistar wrote:
    Rich80105 wrote:

    On Thu, 14 Jul 2016 11:12:17 +1200, Allistar <me@hiddenaddress.com>
    wrote:

    Rich80105 wrote:

    On Thu, 14 Jul 2016 09:17:51 +1200, george152 <gblack@hnpl.net>
    wrote:

    On 7/13/2016 7:06 PM, Liberty wrote:

    "back to the topic of the thread - political plans to build
    houses! " Rich you are posting twaddle.
    The topic was
    "Labour can build a house for $20k?. Labour maths"


    Rich only adds to the merriment with his solid denial of the
    basics.. Liebor have claimed that they will build thousands of
    'affordable' houses. Average price of land and building around
    $500,000.. That is NOT affordable but it's what the market is...

    First there are two ways of making something afofordable - lower the >>> >>> price or increase the income.

    You mean "increase the take home income". Labour and the Green's want
    to increase income tax which would decrease the tax home income. How
    do they think that would improve housing affordability?

    Those seeking to buy a house are only concerned about after tax
    incomes, but that does not mean that taxes ae the only way to increase >>> > incomes..

    Raising income tax reduces the affordability of housing. Labour and the
    Green's want to do that.

    Raising GST had more impact.

    Not when you take into account the income tax reductions. Everyone was
    better off. Those on lower incomes were better off. But then, this has been explained to you many many times before.

    Labour/Green have posken more of getting
    companies and high wealth individuals to pay a fairer level of tax.

    You mean by reducing their tax rates to make them the same as those in other tax bands? That's fairer. Raising the tax they pay is less fair.

    The problem is not so much the rates of income tax as the ability to
    reduce taxable income. National made a presumption that some
    propoerties sold within 2 ears of purchase should be liable for tax on capital gains - Labour wants to increse that to five years, and there
    seems to be agreement that such an increase is desirable but may not
    go far enough. Limiting the ability to offset losses on propoerty
    investments to offset other income has also been welcomed in concept.
    Neither will affect those trying to purchase a home to live in.

    If you buy a house, rent it out as a business then sell it, you will
    currently pay tax on the capital gain.

    Second it appears that you do not accept that the market would be
    influenced by building a lot of houses - strange how the
    "free-market' Nats rely on government handouts to landlords (WFF,
    accomodation supplements) to increase profits . . .

    It's not a free market while there are WFF and accommodation
    supplements.

    Exactly. What started as a way to offset low incomes has become a much >>> > more pervasive crutch/subsidy to employers under National, and
    accomodation suplements have also increased enormously. The problem is >>> > that the government refuses to consider alternatives; they are too
    wedded to rentier incomes and crony capitalism.

    These failed policies are from the left. They should be abandoned to
    reduce the welfare spend so that taxes can be reduced, take home incomes >>> can rise and houses can become more affordable.

    One of the effects on incomes for those strugglig to get into the
    housing market was the increase in GST - do you want that reversed?

    That was a positive effect for them when you take into account lower income tax. Remember that neither rent nor mortgage payments attract GST. But then, this has been explained to you many times before.

    But to answer your question: ideally all taxes should be lowered.


    National also claim that they plan exactly the same as Labour
    (although their number for capital varies from $1 billion to $1.9bn
    to
    $2 billion depending on which Minister you talk to), . . . Are you >>> >>> saying National is lying?

    They are politicians, of course they are.

    I disagree - there are some politicians in both Labour and National
    who are honestly doing their best - sadly that is clearly not the case >>> > with John Keys refusal to accept the reality of a housing crisis which >>> > has been exacerbated by their "do nothing" approach to problems that
    do not affect their base - National knows that many of their
    supporeters in Auckland are very happy at their increasing propoerty
    values . . .

    What's needed is a massive correction in house prices. The only way
    houses will become affordable is for house prices to fall considerably.
    Unfortunately doing that would be disastrous for the economy.

    Indeed. It seems that the likes of Grimes and co. would like to instigate
    a local version of the GFC.

    Which probably makes you think he is a raving leftie. All he wants is
    to let market forces work without the biasses in the current system
    lovingly retained by National

    You make it sounds like this is because of the free market. We don't have a free market.
    --
    "From each according to his abilities, to each according to his needs."
    creates the incentive to minimize your abilities and maximize your needs.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)