this post was submitted on 11 Mar 2024

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Revealed: Landlord tax cuts will cost hundreds of millions more than ACT, National campaigned on (www.newshub.co.nz)

submitted 8 months ago by BalpeenHammer to c/politics

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They knew what the true cost would be and hid it.

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[–] TagMeInSkipIGotThis 9 points 8 months ago (1 children)

The real estate industry as a whole donated heavily to both National and Act. Not just landlords, but also estate agents etc. They desperately want more activity in the property market even if it means house prices start going up again.

[–] liv 6 points 8 months ago

even if it means house prices start going up again

They definitely want house prices to start going up again.

National campaigned on several measures that have a known effect of raising house prices e.g. narrowing the RBNZ mandate, moving the bright line test, reintroducing tax incentives.