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submitted 2 years ago by fallaciousreasoning to c/newzealand

Property market is pretty crazy down here

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[-] fallaciousreasoning 4 points 2 years ago

Oh yeah, the only empty houses are all the AirBnBs (at my weekly rent every night) or lock'n'leaves. Probably 2/3rds of my street is empty most of the time. Rentals can't be had for love or money, we got lucky with ours at the end of covid.

[-] Dave 6 points 2 years ago

Man we really should have some sort of empty house tax. Our lack of housing supply is definitely exacerbated by all the empty houses.

[-] BalpeenHammer 2 points 2 years ago

That would be an orwellian nightmare to monitor let alone dealing with all the disputes in court.

[-] Dave 2 points 2 years ago

Haha yes, it does seem that way. However, there are other places already doing it, so there must be a feasible way of doing it.

[-] liv 3 points 2 years ago

A proper capital gains tax on everything outside the primary residence is effectively an empty house tax.

The AirBnB part needs more regulation though.

[-] BalpeenHammer 1 points 2 years ago

Why are the AirBnBs empty? I figured they would be booked pretty solid.

[-] fallaciousreasoning 1 points 2 years ago

Just not consistently full - definitely people in them, just not all the time. Only time everything is full is the school holidays...

this post was submitted on 04 Feb 2024
19 points (95.2% liked)

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