Posts by Sacha
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OnPoint: It's real, in reply to Sacha,
Someone said that 50% of our most recent NZ residential bubble would have been removed by a CGT. Can't remember where, but recent.
I first heard that via Bernard Hickey I think, but the recent mention was a Tapu Misa column on Monday:
And the Government's own Savings Working Group has also pointed out that 50 per cent of our housing bubble (larger than bubbles in the US, Australia and the UK) was due to the lack of a capital gains tax.
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Up Front: P.A. Story, in reply to Hilary Stace,
Hey, I would have made the same assumption :)
Seems a good story element, in any case.
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Hard News: An inspirational record, in reply to Russell Brown,
the much-requested "jump to first unread comment" feature
Excellent. Looking forward to hearing how they've approached that.
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Speaker: Sharks Dine Out on…, in reply to Simon Lyall,
Part of the solution might be higher density, cheaper to rent units/flats rather than attempting to re-house everybody on a 1/4 acre section. But I suspect that people (potential tenants and NIMBY neighbours) will reject this option.
Accelerating the ongoing culture change away from the quarter acre section will need strong leadership, especially with Christchurch residents being understandably wary of multi-level dwellings.
Firm building standards might reassure, but they will interfere with the profit margins of developers so I wouldn't bet on them prevailing under this lot. Which plays into the hands of the land speculators..
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Speaker: Sharks Dine Out on…, in reply to MikeC,
Roger said to me they do not want to get involved in the Market.
Yet by choosing to do nothing, they *are* influencing the market. Property speculators will be emboldened to go on a land-buying spree, jacking up prices.
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Up Front: P.A. Story, in reply to Hilary Stace,
it is not feminist chocolate (which was my assumption from the name)
Sidhe are similarly not feminist game developers, despite the pronunciation of their name. :)
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OnPoint: It's real, in reply to DexterX,
The NZ downturn and the extent of the subprime-lending crisis in the USA although related to a degree are not the same. I note that the USA having a CGT didn't stop the GFC - they are not related.
Someone said that 50% of our most recent NZ residential bubble would have been removed by a CGT. Can't remember where, but recent.
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OnPoint: It's real, in reply to Craig Ranapia,
Does Ganesh Nana regularly do work for Labour and is he used by them to seed their comms?
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OnPoint: It's real, in reply to giovanni tiso,
The thing that I find most depressing about Farrar is not that he's everywhere - it's that he's as dumb as a freaking post.
If he were genuinely stupid, he'd be less evil. Much like some of his fellow travellers.
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OnPoint: It's real, in reply to Andre,
How about if the trading banks were forced by legislation to offer a higher ratio of business lending?
I wonder if their aversion might change anyway under a CGT?