Originally Posted by
Blue Skies
Reintroducing Tax Deductibility for Property Investors is like loosening your belt a few notches to combat weight gain, does nothing to get at the seat of the problem. Fuels borrowing, pushes up prices, inflation, interest rates!
There is solid evidence Labour removing Tax Deductibility tilted the market back in favour of First Home Buyers instead of Property investors & speculators.
You call that bad policy!!!
No need to be so defensive about Luxon's lack of political radar which has been observed & commented on by many people.