https://www.facebook.com/nzgreenparty/videos/10153630038231372/?video_source=pages_finch_main_video

The other side of making houses affordable again is to increase
incomes of most New Zealanders. Most New Zealanders have had little or
no increase in spending power through salary or wage increases; many
or worse off through higher rents, higher costs through the GST
increase, and higher debt costs through higher student loans (and that
is not just for universities) or higher debt for purchasing a home.
Many have used the paper increase in house prices to increase debt,
but are now getting concerned that even with low interest rates
repayment is not getting any easier - and local businesses in
particular are noticing that individual customers just don't have the
spending power they used to have.

So where is the money going? To large intrnational corporations, and a
small number of wealthy individuals who will use profits from New
Zealand to increase their international asset portfolios. Hoarding
money does nothng for New Zealand - buying New Zealand goods to give
profits to local businesses so they can afford to employ more New
Zealanders does. We are creating a critical instability in our
financial system that is getting close to the situation pre the last
financial crisis, and our government appears oblivious.

So what is the other side of the story? FIrst we need a fair tax
system. We know that some large companies pay little tax either here
or anywhere (Apple, Google, are well known examples) - real solutions
require international cooperation, but the bottom line is National
have achieved nothing for 8 years, and don't seem to think there is a
real problem - one action they did do is remove tax from trusts that
do not invest in New Zealand to "help" a growing "Trust industry"
devoted to "tax-efficient" vehicles! They are working on taking away
a loophole by seeking GST on small purchases from overseas - it will
increase costs to consumers and assist some local businesses, but
won't have any major effect.

Many of our companies are now overseas owned - we had problems with
finance companies back in 2008 and National promises some better
regulation to enable compatition - but all we have is the Aussie banks
keeping very healthy profits - the majority of which go overseas. But
hte asset sales also helped overseas investors at our expense - frinds
of National before New Zealanders who are under JohnKey rapidly
becoming tenants in their own country.

But the Green Party has well summarised the cost issues for housing;
they also need to join in in income side of that equation.

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

On 7/08/2016 1:01 p.m., Rich80105 wrote:

https://www.facebook.com/nzgreenparty/videos/10153630038231372/?video_source=pages_finch_main_video

The other side of making houses affordable again is to increase
incomes of most New Zealanders.

That is ridiculous. Double everyone's income and prices will shoot up. Conversely - halve incomes and watch prices fall.
Double interest rates - down go prices
Lower interest are raising RE prices through western world.
Economics 101 - first day, prior to morning tea.

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

On 2016-08-07, Fred <dryrot@hotmail.com> wrote:

On 7/08/2016 1:01 p.m., Rich80105 wrote:

https://www.facebook.com/nzgreenparty/videos/10153630038231372/?video_source=pages_finch_main_video

The other side of making houses affordable again is to increase
incomes of most New Zealanders.

That is ridiculous. Double everyone's income and prices will shoot up.

Key (no John, not you) word here is *everyone's*.

Conversely - halve incomes and watch prices fall.

Look its all relative. My income has gone 12X since I started work and still
I am no better off. Yes, I am being ...

Double interest rates - down go prices
Lower interest are raising RE prices through western world.
Economics 101 - first day, prior to morning tea.

No, it is the expectation that one can get $$$ for just grabbing a bit of
the action now.

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