Aotearoa New Zealand
skittermouse
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3 years ago
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100%
Opinion: Non-homeowners paying the cost of Covid-19 recovery
www.rnz.co.nzA substantial class of investors have certainly been made exceptionally wealthy by the Covid-19 response, even as those who work for a living have seen their incomes stagnate.
But while this separation of 'investors' or 'speculators' from 'homeowners' might be politically convenient, it makes something of a false distinction.
Whether a house is owned as a home, or purely a source of income, any non-improvement appreciation in value comes at someone else's expense.
Until New Zealand acknowledges this, little will change: whoever is in charge, and no matter how many new homes get built.
yeppp renters always on the pointy end of the stick :(
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