In Auckland, the council has been running an experiment, and at the heart of it is a bold decision to remove restrictions around zoning — but the New Zealand election could change things.
I read an article on the NZ community just the other day about how they have gotten rid of their Negative Gearing. Interesting read: They have some dude with 20 houses in his portfolio talking about how it’s not worth buying houses any more. Instead he renovates, because improvements to the homes are still tax deductible.
I read an article on the NZ community just the other day about how they have gotten rid of their Negative Gearing. Interesting read: They have some dude with 20 houses in his portfolio talking about how it’s not worth buying houses any more. Instead he renovates, because improvements to the homes are still tax deductible.
literally the perfect outcome